Holger Schmieding

Germany enters a period of political uncertainty Thursday after its fragile three-party ruling coalition collapsed on the same day Donald Trump won the U.S. election.

Chancellor Olaf Scholz—who announced a January confidence vote, likely followed by snap elections in March—will seek to reassure his European partners at a summit in Budapest.

Foreign economists say Greece needs to use the cash it will get from the European Commission's Recovery Fund to strengthen the healthcare and education systems, implement investments and growth policies, cut taxes, support entrepreneurship and contain the rebound of unemployment.

By Simon Kennedy

Mario Draghi?s July 2012 pledge to do ?whatever it takes? to keep the euro intact has kept speculators at bay for almost three years. Bond yields fell from Dublin to Athens, giving governments room to cut budgets and start revamping their economies.