European Banks.....
Risk gauge from NYU's Stern School Of Business - SYSTEMIC RISK ANALYSIS OF WORLD FINANCIALS ( US$1,197,485 million.)
Talks between Deutsche Bank, DOJ continue but details in flux; no deal yet presented to senior decision makers on either side - Dow Jones
Reuters & Handelsblatt report - DB suffers third recent IT outage "that prevented some customers getting access to their money."
As previously mentioned , no agreed settlement between DB & DoJ - German political commentary critical of proceedings underlines that fact.
Not necessarily true that DB settlement talks haven't begun-they could at point decision-makers are involved. But certainly Friday "settlement near" news seems premature.
German economy minister worried about DB employees
http://mobile.reuters.com/article/idUSB4N1A100I …
" I did not know if I should laugh or cry that the bank that made speculation a business model is now saying ..."
Bloomberg - Deutsche Bank Set to Clear Hurdle for About 1,000 Job Cuts
Deutsche Bank races against time to reach US settlement. http://reut.rs/2dn2DZm
“They have their hand caught in every single cookie jar. I think the market is seeing a wounded lion and will soon prey on it."-Marco Elser
Just means there will be a need for more twitter rumor settlements , the next time DB swoons below 10 euros a share...
It’s not just Deutsche. European banking is utterly broken. http://www.telegraph.co.uk/business/2016/10/01/its-not-just-deutsche-european-banking-is-utterly-broken/ …
Twitter being more valuable that DB , gives perspective on how far DB has fallen..
Spain......
EDITORIAL—After another shocking day of PSOE self destruction on Saturday, Rajoy could now move to finish it off.
Pedro Sánchez's Resignation Statement: 10 Key Phrases
https://www.thespainreport.com/articles/932-161001233033-pedro-sanchez-s-resignation-statement-10-key-phrases …
El Mundo reports tomorrow that the PP is already upping the pressure on the PSOE, to demand more than just support at a confidence vote.
Quoted by @AABerwick of @Reuters on what the resignation of PSOE leader Sánchez could mean for the formation of the next Spanish government.
Greece.....
Institutions and the incompetent http://dlvr.it/MN7kwC
PM mounts effort to turn tide against gov't in bid for debt relief and QE inclusion http://dlvr.it/MN7kdC
UK......
David Davis reiterates May's pledge: This Conservative government will not roll back workers' rights. #CPC16
Davis: We will control our borders and we will bring the numbers down. #CPC16
Davis: Campaign is over. People have spoken. The decision has been made. Our job is to make Brexit work for everyone. #CPC16
Davis: Our destination is clear. We're going to be a nation that makes for ourselves all decisions that matter most. #CPC16
PM May's declaration brings welcome clarity on start of Brexit talks. Once Art. 50's triggered, EU27 will engage to safeguard its interests
May: I want new UK-EU relationship to involve free trade in goods and services, cooperation on law enforcement and counterterrorism. #CPC16
May: It's not going to be a Norwegian or a Swiss model, but an agreement between sovereign, independent UK and the EU. #CPC16
May: Whether people like it or not, the country voted to leave the EU. That means we're going to leave the EU. #CPC16
May: There's no such thing as a choice between 'soft' and 'hard' Brexit. #CPC16
NEW - Chris Grayling: ‘Inconceivable’ MPs would block repeal bill to end EU influence over British law http://bit.ly/2dB8LRt
Brexit: UK's PM May to trigger Article 50 by end of March. http://www.bbc.com/news/uk-politics-37532364 …
Conservative party conference, day one: The Spectator guide http://specc.ie/2dmw9Pf
#Brexit shakes up thriving UK tech sector
http://bit.ly/2cGwj1q
Explaining how the Great Repeal Bill would work by transposing EU law into UK law on Daily Politics last month
The conditions that UK might have to fulfil to access #SingleMarket after #Brexit http://bru.gl/2d3D4ey
UK PM May says will begin #Brexit process before German election http://reut.rs/2dwPfAi
Turkey........
Erdoğan: Right to sue Saudi Arabia "has the potential to start a dangerous debate on the issue of state sovereignty."
President Recep Tayyip Erdogan on Saturday warned that Turkey had reached the "end of the game" over its decades-long EU membership bid.
@fredwalton216 Erdogan also told Brussels it needed to allow Turks visa-free travel to the bloc by October, as per EU-TUR Refugee Deal.
1 killed, 2 wounded in bomb attack in southeast Turkey
Turkey: Fethullah Gulen's brother arrested in Erdogan's ongoing crackdown after coup http://www.independent.co.uk/news/world/europe/turkey-coup-fethullah-gulen-police-arrest-brother-qutbadin-gulen-crackdown-erdogan-a7341471.html …
Syria: Turkey sends 1,000 special forces to secure ‘security zone’ across border http://algo.fyi/j6sp7q
As of October 1 at least 92 journos r in jail, at least 2500 journos lost their jobs & 660 press cards cancelled in Turkey @JournosInTurkey
Hungary Referendum....
Orban apparently focusing on voter number (95%) rejecting EU plan including refugee/migrant quotas , rather than turnout # s.
Hungarian #QuotaReferendum invalid. Just 45% participation.
Hungary: #QuotaReferendum invalid as turnout is low (Nézőpont exit poll). Orban's plan to oppose EU's migrant quotas via referendum failed.
Hungary, Nézőpont exit poll:
Migrant Quota Referendum
I approve (the plan of the EU): 5%
Disapprove : 95%
#QuotaReferendum #Hungary
Hungary, Migrant Quota Referendum:
Turnout Nézőpont exit poll 7 pm: 42%
(required: 50%)
#QuotaReferendum #Orban #Hungary #migrantcrisis
This will be a big surprise , if it comes to pass !
Hungary, Migrant Quota Referendum:
Turnout 5.30 pm: 39.88%
Requirement to oppose EU's plan: 50% +1 vote + majority of No
Hungary, Migrant Quota Referendum:
Turnout 1 pm: 23.56%
Requirement to oppose EU's plan: 50% +1 vote + majority of No
#QuotaReferendum
If you're following #Hungary's referendum today on #refugees you should read this by @PatrickKingsley https://www.theguardian.com/world/2016/oct/01/hungarian-referendum-slam-door-migrants-new-era-europe …
Turnout crucial to Hungary referendum result http://bit.ly/2d5P3IB
Hungarians expected to reject EU migrant quota in referendum http://news.sky.com/story/hungarians-expected-to-reject-eu-migrant-quota-in-referendum-10602502 …
The referendum (+ fear campaign) will cost tax payers ~€40,000,000 but can't reverse the EU decision to resettle asylum-seekers in #Hungary
Hungary’s plebiscite on refugees is a referendum on Europe’s survival. http://atfp.co/2dG2srP
Odds & Ends....
Fukushima will leak indefinitely 300 tons of radioactive waste into the Pacific Ocean every day , as source of the leak cannot be sealed.
Italy government won't resign whatever outcome of referendum: minister http://reut.rs/2dndzqy
Austrian Foreign Minister @sebastiankurz comes put against migration quota, urges the EU to ditch the idea https://twitter.com/otmarianna/status/782577237900099585 … #Hungary
Schauble calls for Muslims in Germany on Sunday to develop a "German Islam" based on liberalism and tolerance...
.@BorisJohnson: global number of refugees is up by 30% much can be attributed to war in Syria #CPC16
State of play for Mosul...
On September 30th , 9/11 widow filed a lawsuit against Saudis (providing material support to al-Qaeda and its leader, Osama bin Laden.)
Saudi coalition says Houthis pose threat to shipping after attack on UAE vessel http://ow.ly/Cb8z304LB5v
THE SYRIAN ARMY HAS ORDERED ALL THE JIHADIST INSURGENTS TO LEAVE EAST ALEPPO IMMEDIATELY, GUARANTEEING THEM A SAFE PASSAGE AND MEDICAL AID
Trump responds to bombshell report on his taxes http://hill.cm/5auIINJ
maytham
South Asia Summit Scheduled in Pakistan Postponed, Nepal Says
Aleppo is facing a humanitarian catastrophe http://ow.ly/L1GQ304Iz8N
AccuWeather.com @breakingweather
After striking the Caribbean early this week, #Matthew may approach U.S. East Coast mid- to late week. Latest info: http://ow.ly/4cnZ304LtE7
ICYMI: UN casualty figures for #Iraq (September 2016): 1,003 Iraqis killed; 1,159 injured in acts of terrorism, violence & armed conflict.
France (accused of contradictory policy on #Libya) hosting international meeting on crisis 2mrw. Egypt, UAE, Qatar & Turkey among invitees
UN #Libya envoy @KoblerSRSG 'very concerned' about replacement of elected mayors with military appointees in areas under Hiftar's control
Haftar: We invite UN to review policy dealing w/ #Libya, its Mission has complicated issues instead of solving them
http://alwasat.ly/ar/news/libya/119646/ …
LNA likely to make a move on #Tripoli soon, they won't allow oil flow without a plan to capture the capital. Difficult days ahead. #Libya
Western and regional foreign ministers due to discuss Libya in Paris on Monday - https://www.libyaherald.com/2016/10/01/western-and-regional-foreign-ministers-due-to-discuss-libya-in-paris-on-monday/ …
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