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Thursday, June 28

28th Jun - The funny and sad EU summit

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Ferdinando Giugliano: Mario Draghi Can't Save Europe This TimeBB
Only the EU's leaders can manage Donald Trump’s trade war and the migration crisis.

Yanis Varoufakis: Profiles in European DenialProject Syndicate
An impartial observer of the Meseberg Summit between Angela Merkel and Emmanuel Macron would conclude that the eurozone remains as macroeconomically unsustainable as it was five years ago. And yet Europe’s establishment, oblivious to the Nationalist International preparing to devour the EU, is serving it appetizers.

Mark Leonard: Are Europe’s Populists Calling the Shots?Project Syndicate
Less than six months after forming another grand coalition government, German Chancellor Angela Merkel is now fighting for her political life against a pan-European alliance of anti-immigration forces. But whether or not she holds on to power, it is already clear that Germany's unique influence over EU affairs is waning.

Make Or Break Time For Merkel: What To Look For In Today's EU Summit ZH

Summit conclusions detail reform plan for WTO to please TrumpEuractiv

Italy blocks EU summit conclusions – euobserver

Economic BulletinECB

Fed Test Fails Deutsche Bank, Forces JPMorgan, Goldman, Four Others to Limit PayoutsZH

Bank Of America Spots An €800 Billion Cliff "That Fills Us With Fear"ZH
QE drove debt costs so low that many issuers who had previously never raised debt joined the party

EU Open RundownRANsquawk

Market Briefing: Daily Markets Overview Yardeni Research

FirstFT Daily BriefingFT
China pollution, Amazon drugs, CEO time management

EU Kicks Off Key Summit, What to Watch in U.S. Bank Stress Tests

WSJ EconomicsWSJ
The U.S. Economy Is Absolutely Roaring—At Least For Now

Danske DailyDanske Bank

Daily Market CommentMarc Chandler
US Dollar Remains Firm, Sends Yuan, Rupee, Sterling and Kiwi to New 2018 Lows

Brussels PlaybookPolitico
Summit frenzy — Merkel’s leadership — No Brexit shortcut

Five Things You Need to Know to Start Your DayBB

US Futures Rebound Amid Emerging Markets Rout; China Drops To 2 Year Low
Kaksipäiväinen EU-huippukokous alkaa tänään Brysselissä | Euroalueelta saadaan tänään maakohtaisia inflaatiolukuja huomenna julkaistavan koko euroalueen inflaation alla | Tshekin keskuspankki nosti ohjauskorkoaan 25 korkopisteellä