Foreign holdings of German government bonds have fallen to their lowest since before the financial crisis in 2008, data suggests, a potential headache for the European Central Bank which buys the bulk of assets for its stimulus scheme from among the debt. Source Reuters
President Macron promised French households a €6 billion tax cut as he launched plans designed to reinvigorate his flagging presidency. The tax cut, earmarked for next year, would be paid for in part by cutting more than 4,000 public-sector jobs as well as reducing pensions and benefits. Mr Macron said that it would help to usher France towards a new era of prosperity and shore up his credibility within the European Union. Source The Time
China has reacted with anger to the news that the United States is ready to approve a $330 million arms sale to neigboring Taiwan. Source: CNBC
France is not ready for now to let the Mediterranean rescue ship Aquarius dock and disembark dozens of migrants at the port of Marseille, France’s finance minister said on Tuesday. Source: France24
