The euro is still weakening against the pound and dollar this morning, after Biden’s stimulus package announcement.
The German economy has weathered the Covid storm rather well compared to its European counterparts, only shrinking by five per cent in 2020. This is thought to be due to its focus on manufacturing and efficient response to the pandemic. Forecasts suggest Germany will recover well by the end of 2021.
Italy faces a snap election after leader of the Italia Viva party, Matteo Renzi, withdrew his party from the country’s coalition government.
