Saturday

25th Nov 2017

Ticker

Report: Italy to rescue bank with €6.5bn instead of €5bn

Italian officials have told international media that the government will pump €6.5 billion into the ailing Monte dei Paschi di Siena bank, instead of the initially reported €5 billion. Italy's government agreed to bail out the bank last week. "The state intervention will bring security to the bank, and it will become one of the safest in the world," one Italian official told the FT on Tuesday.

UK has 10 days to make Brexit progress

British prime minister Theresa May was told to make progress on the financial settlement, and Ireland, before talks can move to the next phase.

Tusk: Poland risks harming EU appeal

EU Council president said anti-democratic 'interventions' in Poland and the US could harm Western soft power in its contest with Russia.

Agenda

Africa and EU summit This WEEK

Billed as a new partnership, the EU and Africa summit in Abidjan will focus on youth and jobs. The gathering takes place against the backdrop of migratory flows towards Europe and reports of open slave auctions in Libya.

Trade talks could only start post-Brexit

Substantive negotiations on an EU-UK free trade deal would only start once Brexit is a reality. The main issue could be how much the UK would want to retain elements of the single market, and what the EU agrees to.

News in Brief

  1. Merkel: Germany remains 'active' in EU
  2. Work with Israel, Egypt on gas exploration, says Commission
  3. Only seven EU states have 'advanced' stage climate plans
  4. EU dashes integration hopes of eastern countries
  5. EU approves joint Irish electricity scheme
  6. German president to launch 'Grand Coalition' talks
  7. Irish opposition 'threatens national interest', says minister
  8. SPD drops opposition to grand coalition in Germany

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