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MNI: Watered-Down EU Deal Points To Resistance To Draghi Plan

Smaller countries have been angered by what they see as attempts to ram through proposals on European Capital Markets Union.

MNI: Watered-Down EU Deal Points To Resistance To Draghi Plan

Smaller countries have been angered by what they see as attempts to ram through proposals on European Capital Markets Union.

Political Risk

MNI: Watered-Down EU Deal Points To Resistence To Draghi Plan

MNI speaks to European officials about the outlook for competitiveness reforms-- On MNI Policy MainWire now, for more details please contact sales@marketnews.com

Iran And Israel Play Down Significance Of Israel Strike

Israel and Iran have played down the significance of an overnight Israeli strike on a military facility near the Iranian city of Isfahan. It is unclear the extent of the damage, but the attack, whilst hitting targets within Iran, appears to fallen short of the worst-case scenario of a major strike of Iranian nuclear or energy infrastructure.

  • NYT reports: "State television in Iran said military and nuclear facilities in Isfahan were safe and broadcast footage of the city looking calm in the spring light. One newsreader there described the attack as “not a big deal.”"
  • International security expert Charles Miller noted a prevailing analyst view: “It seems that actually both sides want to be seen to be doing something without actually undertaking the risks of doing anything that’s too provocative.”
  • The attack appears to have fulfilled a key strategic deterrent objective for Israel by demonstrating Israel can strike targets within Iran, but restraining from a major escalation.
  • Dana Weiss, a diplomatic affairs analyst for Israel’s Channel 12, said: “Israel can do elegant military maneuvers that are not noisy or cause significant military damage but which deliver the message Israel wants. And that is what we have seen them do.”
  • A US official told Axios that Israel notified the Washington in advance, and said: "We were not surprised."
  • The government of Egypt said in a statement it is, “deeply concerned about the continued mutual escalation,” and warned of the consequences of, “expanding conflict and instability in the region.”
  • G7 Foreign Ministers, meeting again today in Italy, are expected to press Israel on stepping away for additional retaliatory strikes. The US will likely continue to use active Swiss and Omani diplomatic backchannels to lower tensions with Iran.

Interview with MOFCOM Official on New Trade-In Scheme

China's newly announced trade-in scheme will generate over CNY1 trillion in domestic demand, according to a senior MOFCOM official --On MNI Policy MainWire now, for more details please contact sales@marketnews.com

China Overcapacity Rejected, Cooperation Likely - Advisors

China will not adjust its EV industrial practices following western overcapacity accusations, advisors tell MNI -- on MNI Policy MainWire now, for more details please contact sales@marketnews.com.

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