Because of the uncertainty about the outcome of the Italian constitutional referendum and the whereabouts of Italy in the Eurozone, Italians buy gold and bunk it in Switzerland. “Normally we have 20% Italian customers in Lugano and 80% Swiss. Now this relationship has almost reversed.” Source: Wirtschaftswoche
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EU enlargement commissioner Johannes Hahn has called for a change of course for the EU on Turkey’s accession to join the bloc, after president Recep Tayyip Erdogan urged Turks living in Germany not to vote for the county’s two ruling parties in the upcoming September elections. Source: Euobserver
France’s ‘Operation Sentinelle’, a domestic military presence that since the January 2015 terrorist attacks has deployed thousands of soldiers to patrol public spaces will be revamped, the French Interior minister announced Tuesday. G.Collomb said: “We are going to redefine the mission in order to make it more mobile”. Source: France24
U.S. President Donald Trump warned on Tuesday he might terminate the NAFTA trade treaty with Mexico and Canada after three-way talks failed to bridge deep differences. Source: Reuters