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[size=32]Amid turmoil, world leaders bail on Davos[/size]
David Callaway, USATODAY 1:21 p.m. EST January 21, 2016
(Photo: AP)
DAVOS, Switzerland — First Germany's Angela Merkel. Then Francois Hollande of France. And now comes word that Italy's Matteo Renzi might cancel his Davos plans amid a banking crisis at home.
This year's World Economic Forum takes place against a more dismal backdrop in many countries in Europe, not even counting the plunging markets of the last few weeks.
Refugees, local scandals and a shadow over the future of the European Union with a British referendum on membership coming this summer are casting a pall over the normally ebullient proceedings.
Last year, even in the wake of the Charlie Hebdo killings in Paris and the Russian incursion in Ukraine, there was a much stronger feeling of diplomatic cooperation and discussion. It seems, especially with new worries about oil, the Middle East, emerging markets and a stronger U.S. dollar, that it might be a long 2016.
http://www.usatoday.com/story/money/business/2016/01/21/amid-turmoil-world-leaders-bail-davos/79113042/?utm_source=feedblitz&utm_medium=FeedBlitzRss&utm_campaign=usatodaycommoney-topstories
David Callaway, USATODAY 1:21 p.m. EST January 21, 2016(Photo: AP)
DAVOS, Switzerland — First Germany's Angela Merkel. Then Francois Hollande of France. And now comes word that Italy's Matteo Renzi might cancel his Davos plans amid a banking crisis at home.
This year's World Economic Forum takes place against a more dismal backdrop in many countries in Europe, not even counting the plunging markets of the last few weeks.
Refugees, local scandals and a shadow over the future of the European Union with a British referendum on membership coming this summer are casting a pall over the normally ebullient proceedings.
Last year, even in the wake of the Charlie Hebdo killings in Paris and the Russian incursion in Ukraine, there was a much stronger feeling of diplomatic cooperation and discussion. It seems, especially with new worries about oil, the Middle East, emerging markets and a stronger U.S. dollar, that it might be a long 2016.
http://www.usatoday.com/story/money/business/2016/01/21/amid-turmoil-world-leaders-bail-davos/79113042/?utm_source=feedblitz&utm_medium=FeedBlitzRss&utm_campaign=usatodaycommoney-topstories
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