France is uncompetitive not only versus China, but against the rest of Europe, according to Pascal Lamy, director general of the World Trade Organization.
Apple’s new, smaller iPad, dubbed the iPad Mini, may cannibalize demand for its existing tablet computers, according to Tim Daniels, technology, media and telecommunications strategist at Olivetree Securities.
The European Central Bank has “crossed red lines” by overstepping its monetary policy remit and operating in the realms of fiscal policy and politics, former executive board member of the European Central Bank (ECB), Juergen Stark told CNBC on Monday.
Europe needs new legislation to help failed banks unwind as quickly as possible, according to Bank of Finland Governor Erkki Liikanen who is leading the EU advisory group on banking reform.
U.S stock index futures pointed to a flat open on Wall Street on Thursday, with upward momentum from Wednesday’s strong housing report pared by investor caution ahead of the start of a two-day EU summit.