Greece must implement economic reforms if it is to keep its place in the eurozone, Germany’s finance minister has insisted, ruling out debt relief for the country ahead of a crucial euro group meeting on Monday. Asked about debt relief, Schäuble quipped: “That would not help Greece.” Source: Guardian
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Italy’s plans to bail out two regional banks pose a tough dilemma to European regulators, who are still considering whether Monte dei Paschi qualifies for state aid, three months after giving a preliminary green light. Source Reuters
Catalonia’s regional parliament, which is dominated by parties that want the region to break away from Spain, approved Wednesday a 2017 budget that includes funding for an independence referendum. Source The Local
Catalonia’s separatist government on Sunday again urged Spain’s central government to let it hold a legal referendum on independence like the one Scotland staged in 2014 with London’s approval. Source the Local