Cold War About to Turn Hot? Putin Warns Europe "I can Take Kiev in Two Weeks"; WW III Not a Good Option
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Read the original: Eurozone Manufacturing PMI at 13-Month Low, with Germany Worse than Expected, Italy and France in Contraction
Bloomberg reports France Asks for More Action From ECB to Correct Overvalued Euro . French Prime Minister Manuel Valls called for more action from the European Central Bank to lower the value of the euro, amid concerns the 18-nation region might be headed toward deflation.“The monetary policy has started to change,†Valls said today in a speech made at the Socialist Party’s summer school in La Rochelle, France.
Bloomberg reports EU Vows More Russia Sanctions If War in Ukraine Worsens . European Union leaders agreed to impose tougher sanctions on Russia, possibly targeting energy and finance, if the war in Ukraine worsens. Leaders early today gave the European Commission a week to deliver proposals for the penalties.