Brexit & Beyond: Europe in Flux is The Wall Street Journal’s round-up of news and analysis of how Brexit will affect global business, economies and finance. You can sign up here.
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Britain’s Prime Minister Theresa May answers questions during a campaign appearance at a manufacturer in Bath, England, on Wednesday.
LEON NEAL/AGENCE FRANCE-PRESSE/GETTY IMAGES
May’s U.K. Election Gamble Imperiled: For British Prime Minister Theresa May, what looked like a sure thing is starting to look more like a gamble.
Prospect of Early Italy Election Increases Uncertainty: A tentative agreement by Italy’s main parties on a new law that could pave the way for snap elections as soon as September is reviving the prospect of political instability in a country seen as among the weakest in the eurozone.
U.K. House Prices Fall For Third Straight Month: U.K. house prices fell in May for a third straight month, a run of declines that has not been seen since 2009, according to a survey on Thursday.
Bank of England Staff Threaten Strike Action on ‘Derisory’ Pay Deal: The Bank of England faces possible strike action by some staff in a protest at what their union called a “derisory pay settlement.” It would be the first strike action since the bank was founded in the 17th century.
ECB Urged to Prepare to Reduce Monetary Stimulus: The European Central Bank should start preparing to reduce its massive monetary stimulus as the eurozone economy picks up speed, the bank’s two top-ranking German officials said.
German Businesses Fear Fallout From Trump-Merkel Discord: A political war of words between Berlin and Washington is increasingly unsettling German executives who fear it could be bad for business.
French Prosecutor Opens Probe Into Macron Minister: A French prosecutor opened a preliminary probe Thursday into the past business dealings of one of Emmanuel Macron’s ministers and closest allies, hobbling the president’s effort to win legislative elections on a promise to clean up politics.
France Issues Warning to Islamic State Recruits: A French government spokesman Wednesday said fighters who travel overseas to join Islamic State are taking risks, as he responded to a question regarding a Wall Street Journal article on secret French operations to kill French jihadists.
Europe, China to Strengthen Relations as U.S. Poised to End Climate Deal: European Union and Chinese leaders will gather in the EU capital Thursday to strengthen ties amid increasingly tense relations with the U.S., but a brewing fight over investments bedevils their efforts to tighten economic links.
This Time, Trump Is Right About Trade: President Donald Trump took his bellicose economic agenda abroad last week, blasting Germany for its “very bad” trade surplus—or “evil” as one German newspaper translated it. Though German Chancellor Angela Merkel did not seem to care for the messenger, she should nonetheless hear the message, writes Greg Ip.
IN THE PAPERS
U.K. Comes Bottom of G-7 Growth League As Canada Takes Lead ─ The Guardian
Amber Rudd’s Rise Through Britain’s Great Offices of State ─ Financial Times
U.K. Pollsters See May Upping Majority Even as Lead Shrinks ─ Bloomberg
Macron’s Party on Course for Majority in Parliament ─ The Times
June 02, 2017 at 01:47AM
from Stephen Fidler
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