Hot, hot August: Europe’s leaders are going on holiday, but the markets are not

Warm and languid, yet pregnant with autumn, August is the time for many Europeans to forget their cares. Factories and businesses across much of the continent shut down. Governments all but stop as ministers take a break. Even Charlemagne likes to sign off for a while. It is a time, too, when citizens might reconsider their reservations about European integration.





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Economist