FT News Briefing Thursday, October 10
Oct 10, 2019
U.S. senators are gearing up to propose sanctions against Turkey after its military actions in Syria. Meanwhile, EU leaders are pressing the UK on Brexit negotiations as tensions rise. Leaked documents reveal the European Central Bank's controversial decision to restart bond-buying. In U.S. politics, experts discuss the implications of the White House's refusal to cooperate with the impeachment inquiry and explore the hurdles Congress faces in obtaining information from uncooperative entities.
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US Sanctions on Turkey
- US senators plan to sanction Turkey after its offensive in Syria against Kurdish forces and ISIS.
- The EU also condemned the attack and warned of a possible ISIS resurgence.
EU Ultimatum to Johnson
- The EU gave Boris Johnson an ultimatum: keep Northern Ireland in the customs union or no Brexit deal.
- Johnson and Irish PM Leo Varadkar are meeting, but both are pessimistic about progress.
ECB Bond-Buying Controversy
- Leaked documents reveal the ECB restarted bond-buying despite internal committee objections.
- This highlights a divide over monetary policy, with opponents hoping Christine Lagarde changes course.