Bank of Spain: Spain's labour sector remains highly dysfunctional

Market news

28 May 2019

Bank of Spain: Spain's labour sector remains highly dysfunctional

Downside growth risks for Europe included Brexit, high national debt, aging populations, weakness of some banks, low productivity
Aging population is a major challenge for the sustainability of welfare state
Calls for creation of Eurozone-wide stabilization instrument
To finalize banking union it needs Eurozone-wide deposit insurance scheme

Italy's Deputy PM Salvini: EU rules should not be aimed at keeping deficits below 3% of GDP

German Chancellor Merkel reportedly determined to stay in power until 2021 as succession plan unravels - Bloomberg reports, citing officials familiar with the matter

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