Bailins Coming In EU - 114 Italian Banks Have NP Loans Exceeding Tangible Assets
Bailins Coming In EU - 114 Italian Banks Have NP Loans Exceeding Tangible Assets
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European Union
Cable Soars After UK, Ireland Agree On Brexit Border Deal
As several sellside desks have summarized, today will be a binary one for GBP: either deal or no deal. And following an early swoon in cable after speculation rose that a deal would be elusive, the pound soared above 1.35 following a report that EU chief brexit negotiator Barnier told MEPs that a breakthrough is likely today.
Europe's Migrant Crisis: Millions More Still To Come
Authored by Soren Kern via The Gatestone Institute,
EU Agrees On Financial Settlement With The UK On Future Committments, Formula For "Brexit Divorce Bill"
Confirming reports from earlier in the week that the EU and UK have agreed on a financial settment for outstanding obligations as well as a formula for calculating the Brexit "divorce" bill, Reuters is out with the following headlines:
"It Could Reshape The Global Trading System For Decades" - US Rejects China's Bid "Market Economy" Status
The US has filed a legal submission to the WTO as a third party, intervening in a case that China has brought against the European Union. The US rejects China’s argument that under the 2001 agreement, which confirmed China’s WTO status, it would should automatically be considered a “market economy” fifteen years after joining.