Euro zone finance ministers early Wednesday morning agreed in principle to disburse 10.3 billion euros. The September part of the tranche will be disbursed only if the Greek government has sorted out the establishment of an independent privatization fund controlled in part by the European Commission. Source: Greek Reporter
French Leftist firebrand Jean-Luc Mélenchon has broken new ground on social media by broadcasting a police raid on his political headquarters from his mobile phone. A furious Mr Mélenchon, head of France Insoumise (France Unbowed), filmed as eight police officers searched the party headquarters early on Tuesday, which he slammed as an attempted “coup de force” against his party “to scare and intimidate us”. Source The Telegraph
China and the Netherlands on Monday pledged to jointly safeguard multilateralism and free trade by carrying out more open and pragmatic cooperation, against the backdrop of a complicated international situation with increasing uncertainties. Source: Xinhuanet
China’s moves to boost liquidity in an effort to safeguard economic growth are eroding the country’s yield premium over the U.S., putting “renewed pressure” on the yuan, according to Citigroup Inc. Source: Bloomberg
