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US political uncertainty crashes central bank retreat in Portugal
When Europe’s most powerful technocrats gathered this week at a secluded mountain resort near Lisbon to discuss their deepest concerns, you'd have expected them to focus on the election in nearby France. But instead their gaze was fixed on developments across the Atlantic, where uncertainty over the direction of the world’s largest economy has been growing since U.S. President Joe Biden’s poor showing at a debate last week against Republican rival Donald Trump. “I think everybody in Europe is watching the U.S. elections,” one participant said. “Concern about France would be related to the high cost of ... (full story)