On Wednesday Marine le Pen told RTL radio she would introduce a new franc at a rate of one-to-one to the euro and then allow it to fluctuate, despite previously saying that any new national currency would continue to be pegged to a basket of currencies. Source: MINA
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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