The take-up in the TLTRO-II, compares with a net 31 billion euros, when Spanish and Italian banks were the biggest participants. The cost of the four-year loans could drop as low as the deposit rate of minus 0.4 percent if the banks expand credit supply, meaning the ECB would be paying financial institutions to take its cash. Source Bloomberg
The A6 was cut off Saturday morning in both directions at the border between the Saone-et-Loire and the Rhône, by the prefect as a precaution against the expected mobilisation of “yellow vests”. Source Ledauphine
The Elysée was in castle mode on Saturday, December 8 for Act IV of the Yellow Vests. If Emmanuel Macron stayed on the spot, everything was ready to take him away from the hustle and bustle of Paris if the day went wrong. Source Le Dauphine
India’s monthly oil imports from Iran plunged to their lowest in a year in November with Tehran dropping two places to become only the sixth biggest supplier after New Delhi cut purchases due to the impact of U.S. sanctions, according to ship tracking data and industry sources. Source: Reuters
