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European Union Lifts Bond-Sale Ban for Some Banks-June 18 (Europe bout to get stimmy’s!)

When the EU is¬≠sued ‚ā¨20 bil¬≠lion, equiv¬≠a¬≠lent to $24 bil¬≠lion, of bonds on Tues¬≠day to raise funds for a fis¬≠cal stim¬≠u¬≠lus pack¬≠age, it ex¬≠cluded some of the world‚Äôs largest banks be¬≠cause of their par¬≠tic¬≠i¬≠pa¬≠tion in car¬≠tels in bond and cur¬≠rency mar¬≠kets in ear¬≠lier years. The banks had been pe¬≠nal¬≠ized for those ac¬≠tions in 2019 and 2021.

The EU ex¬≠pects to sell up to ‚ā¨60 bil¬≠lion of long-dated debt this year and ‚ā¨150 bil¬≠lion an¬≠nu¬≠ally through 2026, and plans to use the funds to sup¬≠port mem¬≠ber states‚Äô eco¬≠nomic re¬≠cov¬≠ery through a mix of grants and loans. The pro¬≠gram, the first ma¬≠jor pan-Eu¬≠ropean debt pro¬≠gram, will even¬≠tu¬≠ally raise around ‚ā¨800 bil¬≠lion over five years.https://www.wsj.com/articles/european-union-lifts-bond-sale-ban-for-some-banks-11624032927?st=sdfl0wx5i7g2h8u&reflink=article_copyURL_share

Still bullish on $EFA

The Group of Seven richest democracies sought to counter China's growing influence by offering developing nations an infrastructure plan that could rival President Xi Jinping's multi-trillion-dollar Belt and Road initiative reut.rs/3veiWO1

https://www.reuters.com/world/g7-counter-chinas-belt-road-with-infrastructure-project-senior-us-official-2021-06-12/

https://www.realvision.com/shows/the-interview/videos/a-world-broken-into-splinters