The next four weeks will determine whether Europe＊s economy is facing a fresh crisis or simply a speed bump in its recovery.
That＊s how long U.S. President Donald Trump says his strikes on Iran 〞 which have already killed Ayatollah Ali Khamenei, triggered a wave of counter attacks across the Middle East and sent energy costs surging 〞 will last.
A lengthier campaign risks sabotaging the euro zone＊s fledgling revival while reawakening inflationary forces that the European Central Bank has fought hard to contain. A reliance on oil and gas from the region makes the bloc the ※most exposed major economy§ to Iran spillovers, ING＊s Carsten Brzeski reckons.
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