This week, a German cooperative savings bank in the Bavarian village of Gmund am Tegernsee said it’ll start charging retail customers to hold their cash. From September, for savings in excess of 100,000 euros, the community’s Raiffeisen bank will take back 0.4 per cent. Source Financial Post
GEFIRA provides in-depth and comprehensive analysis of and valuable insight into current events that investors, financial planners and politicians need to know to anticipate the world of tomorrow; it is intended for professional and non-professional readers.
The Gefira bulletin is available in ENGLISH, GERMAN and SPANISH.
Bulgarian Defense Minister Krasimir Karakachanov wants to protect the European Union’s external borders with arms, he said in an interview published Thursday. Karakachanov told German newspaper Die Welt that he wants NATO or EU forces in Greece and Italy to stop people from entering the continent in large numbers. Source: Greek Reporter
Spanish police early on Friday said they killed the alleged perpetrators of a suspected “terrorist attack” in the town of Cambrils, south of Barcelona. Six civilians and one police officer were hurt when a car drove into people in the Spanish seaside resort of Cambrils early on Friday. Source: Al Jazeera
Top Turkish and Russian economy officials are set to discuss key economic, political, technical and trade issues at an international fair in the Aegean city of İzmir, which will start on Aug. 18 and last until Aug. 27. Source: Daily News