WTO Tariffs, Beetroot Backlog, ECB Shock Departure: Eco Day

(Bloomberg) --

Welcome to Thursday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get your day and week started:

• The WTO will authorize the U.S. to impose tariffs on nearly $8 billion of European goods due to illegal state aid provided to aircraft maker Airbus SE. Look for the European Union to respond in kind
• Stocking up. To imagine the dilemma companies face when preparing for Brexit, think of 24 tons of beetroot
• Revolving doors. Bulgarian economist Kristalina Georgieva secured the top job at the IMF, Italian central banker Fabio Panetta is poised to become one of the European Central Bank’s top policy makers, and Sabine Lautenschlaeger resigned from the ECB board following President Mario Draghi’s latest stimulus drive
• Echo point. Jamie Dimon is sounding a bit like Donald Trump -- at least when it comes to trade with China
• High time. Bundesbank President Jens Weidmann hasn’t yet declared himself in favor of a fiscal boost in Germany -- but his predecessor has
• Reforms ahoy! Greece’s new prime minister wants to reduce taxes and improve the investment climate as he attempts to turn the page on the crisis era
• Cut not. One of the Federal Reserve’s more dovish policy makers doesn’t see the need to lower interest rates again, arguing that two recent cuts should be enough to lift inflation above the central bank’s 2% target
• Big repercussions. A mammoth Chinese stimulus program helped see the world economy through the global financial crisis. Now, with global growth slowing again, China is the only one of the big three economies not putting the pedal to the metal
• Slowdown tales. Read here about what early indicators tell about China’s economy, and here about India’s elusive consumer demand

To contact the reporter on this story: Michael S. Arnold in Singapore at marnold48@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Karthikeyan Sundaram, Devidutta Tripathy

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