Saudi Arabia has warned Donald Trump that the incoming US president will risk the health of his country’s economy if he acts on his election promises to block oil imports. Mr Trump pledged to create “complete American energy independence” from “our foes and the oil cartels” Source: FT
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A Turkish military patrol boat fired shots early Friday morning in the area around the eastern Aegean island of Farmakonisi, the Greek defense ministry said.Source Ekathimerini
Czech Premier Bohuslav Sobotka said his Social Democrats could create a ruling coalition with the opposition Communists to prevent billionaire Finance Minister Andrej Babis from taking power after fall elections. Sobotka said his party has already held a number of functioning coalitions with the Communists in regional administrations Source: Bloomberg
A special budget only for the countries of the euro area, the EU Council as “a true legislative chamber” – MEPs propose. The report by Italian Socialist Mercedes Bresso and the German Christian Democrat Elmar Brok proposes reforms that would not require changes in the EU Treaty of Lisbon. Source: PAP/Onet