Europe
Portugal faces period of heightened instability
The centre-right won the March 10 election but will probably have to form a minority government
PortugalFirm services activity aids GDP but poses policy risks
Europe’s flash PMIs for March further highlight the outperformance of services relative to manufacturing
InternationalRussia will exploit any use of blocked funds by EU
A spokesperson for the Kremlin warned EU states against using the proceeds from blocked Russian assets to assist Ukraine
RussiaNew Irish leader is unlikely to boost party’s support
Ireland will have a new prime minister on April 6 following Leo Varadkar’s surprising decision to resign
IrelandECB policy rests on wage growth continuing to slow
The ECB president confirmed that the Bank is considering a June rate cut, after wage growth slowed in October-December
EUBusiness scepticism will impact EU policy
Surveys from Germany suggest that the EU is losing support among those in the business community
EUBulgarian coalition faces choice of difficulties
The ill-matched coalition could break up as one side tries to dominate the other at the nine-month leadership rotation
BulgariaSlowing UK CPI pressures aid all election contenders
Inflation slowed to 3.4% last month and core inflation fell below 5% for the first time in more than two years
United Kingdom
