Guy Verhofstadt has backed French officials’ calls for a veto on a further Brexit extension without any further development from the UK side. Tweeting yesterday afternoon, he said, ‘Yet another extension for Brexit is unacceptable, unless the deadlock in London is broken. Let it be a 2nd referendum, new elections, a revocation of article 50 or the approval of the deal, but not today’s helpless status quo.’
Economically, it’s a mixed bag for the eurozone this morning. French non-farm payrolls increased by 25396 thousand in June 2019 and reached an all time high of 25395.90 thousand in the second quarter of 2019. Industrial production, has also seen a slight growth in France – but a decline in Italy.
The markets are waiting on the ECB’s rate decision on Thursday, with the euro largely subdued as a result. Mario Draghi is widely expected to introduce a stimulus package, returning QE just a year after it was ended.
