“Stressing austerity means destroying Europe,” Renzi told an audience of policy experts at the Council on Foreign Relations. ”Which is the only country which receives an advantage from this strategy? The one which exports the most: Germany.” Source Bloomberg
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China for the first time became Germany’s most important trading partner in 2016, overtaking the United States, which fell back to third place behind France, data showed on Friday. The development is likely to be welcomed by the German government. Source: Reuters
The British Bankers’ Association said its members gave the green light to 44,657 mortgages in January, up from 43,581 in December and the highest number since January last year, when 45,794 were granted. The BBA said low mortgage rates were also driving strong interest from existing home-owners in remortgaging. Source: Reuters