EUROPEAN HEADLINES
BBC Europe – UK Food industry warns of higher prices without EU workers. The UK faces higher food prices without continued access to EU workers, 30 food and drink associations have warned. In a letter published in the Guardian, they argue that EU workers play an important role in the supply chain and some are already starting to leave. It called on the UK government to offer “unambiguous reassurance” about their right to remain.
| FT Europe |
ECB to cut monthly bond buying to €60 billion but prolong life of QE
Rate to fall after March. Draghi vows “long-time” support. |
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| WSJE |
ECB extends but shrinks stimulus
Bond-buying programme is open-ended, but purchases will scale down as of April. |
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| INYT |
Executives keep their ears tuned to Trump
Armed with Twitter, president-elect takes aim at American businesses. |
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| Le Monde |
Hapless France faces the worst air pollution in ten years
On Thursday 8 December, Paris, Lyon, Marseille and other major cities were suffering winter pollution peaks of fine particles and carbon dioxide. |
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| Les Echos |
Growth: ECB gives new boost
The European Central Bank will extend its QE programme until December 2017. Its bond purchasing programme will be reduced from €80 to 60 billion as of April. France has benefited from rates close to 0% this year. |
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| Frankfurter Allgemeine |
The Office of Protection of the constitution makes Russia responsible for cyber-attacks
Precise knowledge about state action under the cover of hackers. |
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| Süddeutsche Zeitung |
Draghi floods markets with new billions
Crisis in Italy, delicate elections in several EU countries: Europe’s central bank extends its radical treatment for the economy until the end of next year. Interest rates to remain at zero for foreseeable future. |
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| La Repubblica |
Mattarella under pressure: let’s go with Renzi
Draghi, another year of ECB aid. Mattarella insists on the indictment before the Chambers. |
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| Il Sole 24 Ore |
Draghi extends QE but reduces it
Stock exchanges on the up: Milan +1.64%, new record for Wall Street. |
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| Gazeta Wyborcza |
Major re-Polandisation
Polish Development Fund and PZU bought second-largest bank in Poland Pekao from its Italian owner for nearly PN10.6 billion. It is a leap in Law and Justice’s re-Polandisation of the banking sector. |
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| El Pais |
EU uncertainty forces Draghi to put money into the economy
ECB President is to extend bond buying programme but will reduce size in April. |
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| Expansion |
Draghi extends incentives but cuts amount
The ECB extends its bond buying programme by 9 months until late 2017 but starting in April, it will cut the amount dedicated to these purchases to €60 billion, from the current €80 billion. |
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| The Times |
Aid blown on foreign luxury
Hundreds of millions poured into hotels and restaurants. |
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| The Guardian |
Allies rally to Johnson over Saudi gaffe
Tory MPs defend foreign secretary after public rebuke by prime minister.
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