While the central banks dominated the headlines this week, the deeper story lay in the factories. Europe’s industrial heartland is quietly contracting.

German industrial jobs have fallen to a low, and carmakers keep cutting. The continent’s leaders met in Brussels to confront the alarm.

Today’s Europe Intelligence Brief covers the region’s finance, industry, economy, and politics. We pulled it together from German, French, Italian, Spanish, Dutch, and English sources.

Germany — The Old Model Breaks

Jobs Hit A Low