1. ECB's Villeroy Warns: Iran Conflict Pushes Eurozone Toward 'Adverse Scenario,' Rate Hike Likely
The European Central Bank is now staring down its own adverse economic forecast. Governing Council member Francois Villeroy de Galhau has declared that the conflict involving Iran is actively pushing the euro-area economy closer to the ECB's predefined 'adverse scenario.' This shift is not a distant risk but a present ...