European Central Bank Holds Rates Amid France’s Fiscal Chaos and Global Trade Wars
As the European Central Bank keeps interest rates steady despite Trump’s tariffs, France’s growing fiscal crisis poses a clear threat to European—and American—economic security.
While the European Central Bank (ECB) chooses to hold its benchmark interest rate steady this week, the calm masks deeper storm clouds that threaten not just Europe’s economic future but America’s national interests as well.Why Is the ECB Standing Pat Despite Growing Risks?The eurozone economy showed modest growth of just 0.1% in Q2, managing to avoid recession amid President Trump’s aggressive tariff policies. Inflation has cooled back to roughly 2.1%, meeting the ECB’s target and prompting a cautious pause from further rate hikes or cuts. On the surface, this seems like stability.But dig deeper: France, a key player within the...
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