Authored by Thorstein Polleit via The Mises Institute,
Emmanuel Macron is the new president of France. The 39-year-old political shooting star got 66.1 percent of the votes in the second round of the presidential election last Sunday. His opponent, Marine Le Pen, secured just 33.9 percent of the votes.
Authored by Nourial Roubini via MarketWatch.com,
With Emmanuel Macron’s defeat of the right-wing populist Marine Le Pen in the French presidential election, the European Union and the euro have dodged a bullet. But geopolitical risks are continuing to proliferate.
The initially amicable, then increasingly more controversial, contentious and, finally, rancorous relationship between President Donald Trump and FBI Director James Comey has just concluded with the utterance of two of Trump's favorite words: 'You're fired."
According to a statement issued by the White House, the firing of Comey comes at the recommendation of both Deputy Attorney General Rod Rosenstein and Attorney General Jeff Sessions.
Below is the full statement from the White House:
It appears the chairmen of UBS have plenty to say on Europe.Following former UBS chairman Peter Kurer's comments that "to the elites, the EU is a means to get rich quickly and export their problems," UBS current chairman Axel Weber has warned bankers that Europe is not "out of the woods" from its political risks even after Emmanuel Macron’s reassuring victory in the French presidential election.
Peter Kurer recently remarked on the end of the Euro...
The confetti were still littering Paris from Macron's celebration event on Sunday night when the 39-year-old Frenchman became the youngest president in French history, and already he met with one of the biggest challenges facing his new administration: a population, mostly among the local labor unions, that is unwilling to accept any if not all of the proposed economic reforms, and made this abundantly clear on Monday by clashing in violent protests across Paris with the local riot police.