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Macron’s work has barely begun

Emmanuel Macron is nothing if not persuasive. He’s built a political movement from scratch and won enough votes from France’s established parties to take the keys to the Elysee Palace. He’ll need those skills and more to carry out an essential reform that has eluded all his predecessors — freeing up France’s labor market. Just last year, France debated the ...

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Merkel’s weak-euro complaint has two goals

For a long time, German Chancellor Angela Merkel made a point of not disagreeing publicly with European Central Bank President Mario Draghi. This year, however, that tradition is broken, and Merkel appears interested in making sure Draghi’s successor is more acceptable to Germany, perhaps even a German. Recently, for the second time this year, the chancellor blamed ECB for euro ...

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Never mind Brexit, plucky UK shoppers keep spending

Brexit is driving up prices and there’s an election around the corner, but Britons are still hitting the shops, to judge by a raft of reports from retailers. Marks & Spencer Group Plc said that while its same-store clothing and home-furnishing sales fell more than estimated in the three months through April 1, full-price sales were up, and there are ...

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