Unwinding QE in the eurozone: who stands to lose?

The ECB’s quantitative easing programme is still expanding and has now reached more than €2tn. 

Next year it is expected to wind down, but as the FT’s Claire Jones explains, economies like Italy’s are still weak and there are fears gains made through QE could go into reverse.

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The geopolitics of trade: who is winning?

These are uncertain times for global trade, and not just because of Donald Trump’s protectionist rhetoric. Shawn Donnan, the FT’s world trade editor, argues that current rules are too complex and the global system is turning into a massive “noodle bowl” of deals. The rise of China threatens only more complications.

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