Stiff upper lip or fat lip?
It’s crunch time in the UK. Prime Minister Theresa May’s “stiff upper lip” could become a “fat lip” if she is unable to convince a majority of MPs to back her Brexit plan.
Head of Macro Analysis
Summary: Rome and Brussels have reached an impasse over the Italian budget, with EU Economic Commissioner Pierre Moscovici threatening Italy with sanctions if it does not bring its spending in line with EU targets. Could another euro area crisis be on the horizon?