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Wednesday, March 27

27th Mar - ECB to the rescue of banks #4054



EUROPE
Editorial: The eurozone needs a dose of fiscal stimulusFT
Germany and other surplus countries have room to expand spending

U.K.'s Brexit Stalemate Deepens Despite May's Promise to QuitBB

  EUROPEAN CENTRAL BANK
Officials give colour on ECB’s policy responseABN AMRO
TLTRO-III could be more generous than initial details suggest, QE-II an option

ECB Looks to Ease Banks’ Pain in Era of Sub-Zero Interest RatesBB
Communicating tweak risks sending wrong signals to investors * Tiering, excluding some reserves, is one option for ECB

Mario Draghi: Monetary policy in the euro area – ECB
Providing monetary policy stimulus after the normalisation of instruments – ECB
Cross-border banking since the crisis – ECB
International spillovers of monetary policy and financial stability concerns – ECB
Central bank independence in unconventional times – ECB


OTHER
Will the steel price recovery last?ABN AMRO



REGULARS
Five Things to Start Your Day AsiaBB

Eco Day AsiaBB
Fed Worries Worsen, PBOC Goes Easy on Gas, Trade Talks * A wonky basket and price controls undermine BOJ inflation goal * Italians cherish easy money while German speakers want it gone

Five Things to Start Your Day EuropeBB

EU Open RundownRANsquawk

FirstFT Daily BriefingFT

Brussels BriefingFT
Barnier’s quiet bid for Brussels top job - Fortune will need to be on his side when EU leaders and the Parliament pick a president

Brussels EditionBB

Brussels PlaybookPolitico
The press conference that wasn’t — Operation Save Strasbourg — New Euroskeptic alliance

Danske DailyDanske Bank

Eco Day EuropeBB
Theresa May's Job, Fed Cautious, Beijing Trade Talks

Daily Market CommentMarc Chandler
Global Bond Rally Continues, Greenback Remains Firm

Five Things to Start Your Day USBB

US Open RundownRANsquawk

Eco Day USBB
U.S. Recession Risk, Draghi’s Cushion, China Outlook * As U.S. bond market sees downturn, data show a more mixed view * ECB president says officials need to reflect on sub-zero rates