A collision between Italy and the European Union over a potential bailout of the nation’s teetering banking system is getting closer by the day, threatening to tear up the newly woven fabric of the EU’s banking union and posing a bigger potential threat to Europe’s stability than the Brexit. Source The Australian
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Greek Prime Minister Alexis Tsipras said on Tuesday it was important for Turkey to remain part of the NATO security alliance and continue its orientation toward Europe despite current tensions between the two countries. Source: Daily Sabah
China’s GDP rose from 54 trillion to 80 trillion yuan (about 12.1 trillion U.S. dollars) over the past five years, Xi Jinping said Wednesday. Source: People’s Daily
Turkey’s overseas assets rose by 5.1 percent in the first eight months of 2017, the Central Bank said on Oct. 17. The country owned external assets worth $226.5 billion at the end of August, compared to $215.5 billion at the end of last year. Source: Hurriyet Daily News