Italy’s government is ready to pump 15 billion euros into Monte dei Paschi di Siena and other ailing banks, sources said, as the country’s third-largest lender pushes ahead with a private rescue plan that is widely expected to fail. Italy’s banking sector is saddled with 356 billion euros of bad loans. Source: Reuters
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.
The German government is considering scrapping a scheme that supports companies operating in Turkey. The move comes after reports surfaced that Turkey had issued a blacklist of German companies it accuses of supporting terrorism. Source Deutsche Welle
Turkey wants Israel to use its clout to push Cyprus into allowing a pipeline to pass through its waters so the region’s natural gas can be exported to Europe. Source: Bloomberg
China is willing to strengthen cooperation with Palestine on trade, infrastructure, human resources and capacity building to improve its economic development and people’s well-being, Premier Li Keqiang said Wednesday. Source: China daily