Europe macro and political stress
FT and zerohedge items point to fiscal and political strain across Europe, including French bank weakness, BoE mortgage easing, London borrowing and rising UK youth inactivity.
What we know
French banks' profits fail to reverse a sell-off amid political fears. The BoE is exploring easing a key limit on riskier mortgage lending. Sadiq Khan says the budget frees London for £10bn of borrowing, and almost 1m young Britons are NEETs. Germany's suicide count is at a 30-year high.
Sources
@FT
“Almost a million young people in Britain are 'Neets'”
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