Beware of robber banks (RB), bad advisors.
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Euro Summit: “no sense of urgency but it’s urgent”
Completely overshadowed by the EU Summit covering pressing matters like Brexit and migration, monetary union reform was also on the agenda at the so-called Euro Summit, a lunch meeting at the end of almost two long days. As expected, no decisions were made but the plan to have further reforms of the monetary union centre stage at the December summit was confirmed. In June, EU leaders had decided that they would revisit the reform agenda at the end of the year. Whether the December Summit will really bring a breakthrough is far from certain. Final words by European Council President Donald Tusk were not really ... (full story)