So far, so expected. After earlier announcing the failure to attract any anchor investors for a private capital raise, Monte Paschi has announced that it will officially ask the Italian government for a "precuationary capital increase" - in other words a bailout. The funds will come from the newly decreed EUR20 billion bailout fund, and as Bloomberg reports will not trigger a "bail-in."
Recent messages posted to the pro-ISIS "Secrets of Jihadis" group on the Telegram app included a list of churches in the United States and called for lone-wolf attackers to "turn the Christian New Year into a bloody horror movie."
Ask yourself; what are the trades that make complete sense and all your instincts say are right, and then do the opposite. Basically what you end up constructing is an out of consensus portfolio and we all know how consensus trades work out in this market.
"In my view we experienced a major shift on Monday," said Stephan Mayer, a member of Merkel's center-right bloc. "Terrorism has reached a new level in Germany. It's shaken the nation and citizens are worried. I think citizens wouldn't accept it if we simply returned to the political order of the day."
German media is solidly behind Angela Merkel as the US media was behind Hillary Clinton. German reporting of the recent terrorist truck incident was in a single word “pathetic”. Thanks to chancellor Merkel, it’s politically incorrect to presume refugees are a problem. Worse yet, the media cooperates.
"The German authorities are dangerously underestimating the threat of Islam... They have betrayed their own citizens. We will have to de-islamize our societies... But it all begins with politicians with the courage to face and speak the truth."
German authorities issued a Europe-wide police alert naming 23-year-old Anis Amri as a suspect in the case, describing him as “dangerous and armed” and offering a €100,000 reward for infomation leading to his arrest.
The third bailout, and re-nationalization, of Italy's third largest banks is imminent following a Reuters report that the ongoing, JPM-led attempt to execute a complex private sector bailout of Monte Paschi has failed.
German police is searching for a Tunisian man after finding a temporary-stay permit under the driver's seat of the truck that plowed into a Berlin Christmas market, killing 12 people. According to a temporary-stay permit discovered, the man, named as Anis A, was born in 1992 in the city of Tataouine.
The police union in the German state of Thuringia issued an open letter to the state's Interior Minister, describing the crumbling law-and-order situation amid the rising migrant crime: "[You] are abandoning us completely helpless to a superior force... But what changes? Nothing. One instead gets a sense of uninterest." Meanwhile, representatives of Arab community were reported telling the police in Ruhr, "The police will not win a war with us because we are too many."
"I would like to commend you on your opposition to mass uncontrolled immigration into Europe. One would think that it would be trivial to praise politicians – who are elected to uphold law and order, meaning our culture and values – for doing so, but these are the times we are living in."
Another Christmas market clash, this time in the eastern German city of Bautzen, after a group of local Germans and "young asylum seekers" got into a brawl after a heated exchange regarding the migrants' loud music.