Because the ECB has been buying covered bonds for so long, it has been subject to complaints of distortion for several years. One of the most significant distortions created from bulk buying of government bonds and other high quality debt has shown up in Europe’s repo market. Source: FT
A police station in the southern Swedish city of Helsingborg was hit by a powerful explosion in the early hours of Wednesday morning. A large part of the building and even the windows on the building opposite were damaged by the force of the blast, though nobody was injured. Source TheLocal
Billionaire investor George Soros has given away nearly $18 billion to his Open Society Foundations, transforming it into the “second largest” charity in the US after the Bill and Melinda Gates’ Foundation. Source: RT
Greek Prime Minister Alexis Tsipras said on Tuesday it was important for Turkey to remain part of the NATO security alliance and continue its orientation toward Europe despite current tensions between the two countries. Source: Daily Sabah
