Europe.....
Italy....
ECB has told Monte dei Paschi it needs to plug a capital shortfall of €8.8 billion, 76% greater than the previous €5 billion gap estimate.
Buba Weidmann warns of hasty Monte Paschi rescue. Planned #Italy govt measures can only be directed to healthy banks http://www.bild.de/bildlive/2016/12-weidmann-49485280.bild.html?wtmc=twttr.shr …
The familiar view: #Italy's 10y risk spread over Germany has risen ahead of most likely Monte bailout which will higher deficit to 3% of GDP
*DIJSSELBLOEM: FIRST BAIL-IN BEFORE STATE AID FOR MONTE PASCHI
Why Milan? Investigators probe Berlin suspect’s Italy links http://f24.my/2ivzmAP
Greece....
In case 2016 target is not met, contingency fiscal mechanism will apply on pension cost to cover fiscal gap, #Greece tells institutions.
#Greece gov't reiterates it pledges for primary surplus targets of 0.5% of GDP in 2016, 1.75% in 2017 and 3.5% in 2018, in letter to lenders
#Greece letter to institutions (1): Payment of €617 mln to pensioners is one-off, no intention to change pension reform. #economy
#Greece letter to institutions (2): Cost of retaining discount on some islands’ VAT relates only to 2017 and will burden 2017 budget
#Greece letter to institutions (3): Future fiscal outperformance will be utilised for strengthening social protection and/or …
#Greece letter to institutions (4): … reduction in tax burden for creation of cash buffer and/or arrears’ clearance, acc to FinMin sources
Germany.....
#Berlin U-Bahn attackers try to set homeless man on fire in Christmas Eve attack http://dw.com/p/2Uran?maca=en-tco-dw …
Most Germans favor additional security measures - poll http://dw.com/p/2Uroy?maca=en-tco-dw …
Pope, German bishops comfort terror victims in Christmas messages http://dlvr.it/Mypv02
France....
French police probe deadly cafe shoot-out http://dlvr.it/MyqnPk
#France faces #cyberattacks by groups that attacked the US presidential campaign #cybersabotage http://bloom.bg/2iluH0a via @markets
Youth Unemployment:
Sth Africa: 54.2%
Greece: 46.5%
Spain: 42.6%
Italy: 37.1%
France: 23.9%
Turkey: 19.9%
UK: 13%
US: 10.4%
Germany: 6.8%
Europe, next 12 months.
- Netherlands election
- France election
- Germany election
- Norwegian election
- UK: Article 50
French aid worker kidnapped in Mali http://dlvr.it/MyWq9m
Libya....
Ahmed al-Mismari: Soon we will see endorsement for the Army to enter Tripoli to protect civilians
Ahmed al-Mismari: The Army is prepared to repel any renewed attack on the #OilCrescent
Ahmed al-Mismari: Armed groups seek to attack the #OilCrescent partly to lift the Army siege on terrorists in #Ganfuda district in #Benghazi
Ahmed al-Mismari: The so-called Benghazi Defense Brigades see the #Jufra region as important base
Syria....
The world is a better pace with this departure....
While tension rises in Idlib prov. with infighting & merger talks; Pro-Gov forces are expected to launch offensives in Aleppo countryside
SyAAF & RuAF have stepped up airstrikes on the western countryside while IRGC-led fighters reportedly mobilizing at Hader & Qarassi in south
Leader of Liwa Suqur al-Jabal says JFS raided houses & arrested several militants who had returned from fighting as part of #EuphratesShield
The arrests were reportedly made in Kansafra, Idlib and they were taken to unknown location
SDF continue advance against IS in western Raqqa countryside. Ja'bar area has changed hands several times. ~15km until SDF reaches Tabqa Dam
UN: At least 53,700 or 60% of East Aleppo IDPs ended up in government areas. 35,000 or 40% evacuated to rebel areas. http://reliefweb.int/report/syrian-arab-republic/syrian-arab-republic-aleppo-situation-report-no-10-23-december-2016 …
Regional and international balance in the Levant (1): Turkish shifts in the Syrian war
http://alrai.li/wxv2plm
https://elijahjm.wordpress.com/2016/12/26/regional-and-international-balance-in-the-levant-1-turkish-shifts-in-the-syrian-war … …
Syria will remain, in 2017, an intractable problem. Jihadism will flourish among the ruins http://econ.st/2hduOOO
Syrian army prepares wide-scale assault on Aleppo's countryside amidst the arrival of reinforcements. Read - https://goo.gl/e2VsjH
Where will Assad go after Aleppo? Not Raqqa, maybe Idleb, but, writes Yezid Sayigh, look closely at southern Syria.
AND- 24 US jets destroyed 188 ISIS oil tankers in biggest airstrike of the year, eliminating an estimated $2 million in oil revenue.
Turkish army says #IslamicState attack in #Syria's al-Bab killed 30 civilians
Read More: https://goo.gl/Of6sBL
#Turkey asks the U.S. backed coalition to back its ongoing operation on #Syria’s Al-Bab. #Al_Bab #EuphratesShield
Turkey sends military reinforcements to Syria as fight for al-Bab rages
Odds & Ends....
5 big fights for Trump's first 100 days http://hill.cm/JWXmpIs
Obama on 2016: I have to be quiet for a while to process what happened http://hill.cm/ZcTAVRH
Obama: Clinton campaigned too defensively http://hill.cm/tBXR8Sh
Nearly 100 ISIS fighters killed in Mosul: http://hill.cm/ZJQWIaH
ISIL burns batches of alcohol and cigarette shipments in Mosul
Terror not seen by Russia as cause of horrible Christmas Day crash...
Bitcoin has regained $900 mark. Bitcoin Investors should send a thank you note to #India's Modi & Venezuela's Maduro http://www.forbes.com/sites/panosmourdoukoutas/2016/12/25/bitcoin-investors-should-send-a-thank-you-note-to-indias-modi-and-venezuelas-maduro/#3472f5ebe5b5 …
Thanks to socialism, #Venezuela this Christmas is one of the world's most miserable countries. My new column: http://bit.ly/2heDNem
No food, no medicine, no respite: a starving boy’s death in Venezuela. http://nyti.ms/2hlBWaI
Demonetization stupidity in India is leading to the really big and important questions being asked.
#bitcoin
#India #India Talk to real people about demonetization, you will get beaten up: Lalu: This… http://dlvr.it/Myw3G6 #Indilens via @Indilens
CASH that will never come back IN HAND – India’s demonetization story
(Cash Withdrawal Curbs to continue……)
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