ECB and Climate Change, Superyachts, Japan Stimulus: Eco Day

(Bloomberg) --

Welcome to Friday, Europe. Here’s the latest news and analysis from Bloomberg Economics to take you through to the weekend:

• European central bankers sparred over their role in fighting climate change
• Spain’s image as Europe’s poster child of growth-friendly economic policy is starting to wear a bit thin
• The Czech Republic and Slovakia, its former federation partner, make more cars per person than any other country in the world. The vast web of component-makers employs almost twice as many people as the car factories themselves
• Gold is all that nationalist leaders in Europe’s east can talk about these days
• The Bank of Israel has considered tools, including negative interest rates, to halt the shekel’s appreciation and avert an economic slowdown, according to one of the people who decides Israel’s monetary policy
• It’s been a decade of disappointment for currency traders -- and nowhere has that been more evident than Sweden
• What does the business of flashy superyachts for the megarich have to do with the health of the U.S. economy? Listen to the Stephanomics Podcast to find out
• Japan looks set to re-embrace the power of public spending with one of its biggest ever stimulus packages. Meanwhile, the country’s jobs-for-life system, which for decades has brought stagnant wages and crimped corporate mobility, is withering away

To contact the reporter on this story: Anirban Nag in Mumbai at anag8@bloomberg.net

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

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