The world's three economic superpowers are heading for a major collapse because their economic models favor consumption instead of productivity, one economist has warned.
Investors reacted to more bad news on Wednesday with economic data showing that business confidence in Germany had fallen more than expected.
Governments are at risk of being infected by their own kind of "moral hazard" just as damaging as the mindset that led to the financial crisis, Citi analysts warn.
The President of the ECB is back in the spotlight as he testifies in front of policymakers amid and questions over the effectiveness of his policies.
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