Just so you understand, Europe is loaning the money to Ukraine. They get their money back.” — President Donald Trump “Now, in fact to be frank, we paid. We paid 60 percent of the total defaults, and it was like the U.

The euro rebounded on Monday as hopes for a Ukraine peace deal improved, and interest rate differentials moved against the dollar ahead of a possibly pivotal steer on U.S. economic growth in the February payrolls report late in the week.

President Donald Trump holds talks this week with the leaders of France and the UK at a moment of deep uncertainty.

While meeting with British Prime Minister Keir Starmer, Trump said he backed a key provision of the NATO alliance that requires members to come to the defense of another if attacked.

If a dictated peace were to be imposed on Ukraine, the most obvious economic implication for the rest of Europe would presumably be less eagerness among foreign investors to invest in Central and South Eastern Europe.

Donald Trump says the US has given Ukraine more aid than Europe - what does the data say? Read more. More episodes

Europe should use money from frozen Russian assets for further military support of Ukraine and relax its fiscal rules to boost defence spending, Czech Prime Minister Petr Fiala said on Monday.

Europeans would need to ramp up military spending quickly, a notion that has set off a market rally, led by defense stocks.

European leaders met in London to form a plan to help end the war in Ukraine. But even potential peacekeepers face political and economic hurdles.