Politics

Having tumbled 80 pips to a one week low in kneejerk response to the late Sunday news that Angela Merkel had failed to form a government following the collapse of the "Jamaica Coalition" talks - when the Free Democratic Party walked out, saying the differences with the Green party were too great to bridge - both the Euro and European stocks have staged an impressive rebound, and the entire gap lower in the FX pair has now been, well, pared.

Russia-gate blame-scaping is accelerating across Europe... and now it is being embraced by none other than European Council President Donald Tusk.

In what is an unprecedented attack by an EU leader on a member state’s sitting government, Bloomberg reports that Tusk explicitly suggests the ruling Law & Justice party is merely a 'puppet of Putin' and just forwarding Russian interests...

Authored by Eric Zuesse via The Strategic Culture Foundation,

Submitted by Elijah Magnier, Middle East based chief international war correspondent for Al Rai Media

We warned on Friday that German Chancellor Angela Merkel faced a 'night of the long knives' in her efforts to bring together the co-called 'Jamaica' coalition of four parties and after a desperate weekend of talks, Bloomberg reports Merkel's efforts at forming a coalition have failed meaning a second election looms and sending the euro sliding.