A major disagreement has Macron and Rutte about the future of the eurozone. Macron is a big advocate of a euro zone parliament, its own budget and its own minister. This ‘deepening of the eurozone’ is being accustomed to the Netherlands because this transformation would transform monetary union into a transfer union, with money flowing from stronger to weaker countries. Source FD
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Spain has discreetly hired ferries to be moored in the Port of Barcelona as temporary housing for possibly thousands of police specially deployed to keep order in rebel Catalonia and help suppress an illegal independence referendum. Source bloomberg
Norway’s sovereign wealth fund hit $1 trillion for the first time on Tuesday, driven higher by climbing stock markets and a weaker U.S. dollar. Source: Bloomberg
Finland, a first-rate place in which to be a mother, has registered the lowest number of newborns in nearly 150 years. The birth rate has been falling steadily since the start of the decade, and there’s little to suggest a reversal in the trend. Source: Bloomberg