FT News Briefing Germany’s tank dilemma
Jan 24, 2023
Chinese property bonds are making a surprising comeback, thanks to new support measures from Beijing. Meanwhile, the EU faces a significant shift as it prepares to ban Russian diesel imports, raising inflation concerns across Europe. The spotlight is on Germany, which is caught in a tank dilemma, hesitating to send Leopard tanks to Ukraine due to fears of escalating tensions with Russia. Allies are divided on this issue, highlighting the urgency of military assistance for Ukraine as they seek to strengthen their defenses.
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Chinese Property Market Rebound
- Some foreign investors are starting to buy bonds issued by Chinese property developers again.
- Beijing has been easing up on its crackdown on high debt levels, leading to a bond market recovery.
EU Diesel Supply
- The EU is about to lose its main diesel supplier, Russia, due to upcoming sanctions.
- This could lead to higher diesel prices and inflationary impacts, particularly in Europe.
Germany's Tank Dilemma
- Germany is under pressure to send Leopard tanks to Ukraine.
- Chancellor Olaf Scholz is hesitant due to historical sensitivities and escalation fears.