German Stimulus, Norway Rate Plan, Rising Instability: Eco Day

(Bloomberg) --

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

• European Central Bank policy makers want Germany to unleash major stimulus, but it’s not clear how much that would benefit any economy other than its own
  • Three words -- whatever it takes -- defined Mario Draghi’s time as ECB president, but he’s prouder of another number: 11 million jobs. Meantime, the European Commission told Italy and France their draft budgets for 2020 risk breaching the euro area’s fiscal rules
  • While Draghi has been the bond market’s best friend, investors aren’t expecting the same support from his successor, Christine Lagarde
• The battered krone is a rising challenge for Norges Bank’s plan to keep interest rates unchanged after four increases over the past year
• From Hong Kong to Chile and Lebanon, violent clashes between protesters and police have turned cities into danger zones. High inequality and ineffective governance are the common denominator -- yet the countries now facing unrest aren’t even the most vulnerable in those aspects
• Rotterdam is distributing 25,000 “Get Ready for Brexit” pamphlets instructing truck drivers how to avoid bottlenecks as Europe’s busiest port braces for Britain’s departure from the EU
• Turkish President Recep Tayyip Erdogan said he reached a “historic” agreement with Russia that would remove Syrian Kurdish militants from a strip of border territory
• China’s monthly consumer inflation could hit 4% by early 2020 on the back of surging pork prices, complicating central bank efforts to support the economy

To contact Bloomberg News staff for this story: Michael Heath in Sydney at mheath1@bloomberg.net;Jeffrey Black in Hong Kong at jblack25@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, ;Jeffrey Black at jblack25@bloomberg.net, Michael S. Arnold

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