As an astute politician himself, Mario Draghi may give Angela Merkel a gift at next week’s ECB meeting, which comes just 2 weeks ahead of the German election, according to Brendan Brown, chief economist and head of economic research at MUFG. Speaking to Bloomberg Daybreak Europe’s Caroline Hepker and Markus Caroline, Brown also discusses President Trump’s tax plan which he says won’t bolster US growth momentum.

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President Donald Trump shakes hands with President of the European Commission Ursula von der Leyen as he announces a trade deal with the EU at Trump Turnberry golf club on July 27, 2025, in Turnberry, Scotland. (Andrew Harnik via Getty Images)