Under the plan, Rothschild will advise the country on all areas connected to its debt, including negotiations with creditors, potential inclusion in the European Central Bank’s €80bn per month bond-buying programme and the resumption of Greek government bond sales, two people with direct knowledge of the matter said. Source: FT
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 state of Berlin has been ordered to pay a Muslim teacher €6,900 after it rejected her job application on the grounds that she wore a head scarf. The Berlin labour court ordered the state to pay the woman the equivalent of two months’ salary. A second case of a teacher whom the state rejected because of her head scarf is also currently being considered by the court. Source The Local
French President Emmanuel Macron invited his US counterpart Donald Trump on Tuesday to attend the country’s traditional Bastille Day military parade, despite public differences over the Paris Agreement on climate change. Source France24
U.S. Federal Reserve Chair Janet Yellen said on Tuesday that she does not believe that there will be another financial crisis for at least as long as she lives, thanks largely to reforms of the banking system since the 2007-09 crash. Source Reuters