European Council President Donald Tusk is out on the wires, saying that leaders agreed to strengthen ESM fund, and that would act as a backstop for bank resolution fund, as reported by Reuters.
Key quotes
- It is the last call to put all cards on the table on Brexit.
Meanwhile, Jean-Claude Juncker, head of the European Commission, announced that he would travel to Washington before the end of July to discuss trade.
Also recently, the ECB Governor Mario Draghi voiced his concerns over the U.S. trade policy by saying that it would have a larger-than-expected impact on the European economy.
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