By FLORIAN EDERwith ZOYA SHEFTALOVICH PRESENTED BY BANCO SANTANDER Send tips here | Tweet @florianeder | View in your browser Quote du jour: What is the role of a central banker? Mario Draghi, the president of the European Central Bank, had a definition ready for leaders, and perhaps a job description for a successor: “My job is to be worried and to worry everybody else,” he said in a closed-door meeting, according to diplomats. He worried other participants of the summit meeting by talking about the labor markets in some EU countries, about American inflation and Europe’s exposure to it, and about the current growth cycle possibly coming to an end some day. GOOD MORNING, and here are some fun facts to start your day: More than half of global trade, 60 percent of the world’s population and two-thirds of global GDP is currently represented in Brussels at the EU-Asia summit. This morning, we have some insights for you on what happens when leaders … [Read more...] about POLITICO Brussels Playbook, presented by Banco Santander: Italy, problem child — Budget beauty contest — Salvini for … Commission president?
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By FLORIAN EDERwith ZOYA SHEFTALOVICH PRESENTED BY BANCO SANTANDER Send tips here | Tweet @florianeder | View in your browser BREXIT FATIGUE: How did Wednesday evening at the European Council summit go? Well, there were no “humiliations” and a lot of goodwill. Is that a sign of “fatigue,” as one EU diplomat put it? Nothing new: British Prime Minister Theresa May addressed EU27 leaders ahead of their Brexit-themed dinner. Several of the participants, including Austrian Chancellor Sebastian Kurz and Parliament President Antonio Tajani, noted she didn’t say anything new. She had half an hour for her presentation, and was done in half the time allotted, as an avid timekeeper in the room told Playbook. What May told leaders: “We’ve shown we can do difficult deals together constructively. I remain confident for a good outcome and the last stage requires trust and leadership on both sides,” May said, according … [Read more...] about POLITICO Brussels Playbook, presented by Banco Santander: Brexit fatigue — Cool kids on the Grand Place — Poland unscrewed
Seventeen Spanish players will tee it up at the Andalucía Valderrama Masters Sergio García will lead the Spanish contingent next Thursday as the Andalucía Valderrama Masters gets underway with the support of the Council of Tourism and Sport of the Junta de Andalucía. Tournament host García is set to defend the title he won last year, in the wake of becoming the all-time European Ryder Cup points leader in Paris last month. He will be joined by double Masters winner José María Olazábal (1994 and 1999), as well as compatriots Pep Anglés, Jorge Campillo, Alejandro Cañizares, Nacho Elvira, Scott Fernández, Gonzalo Fernández-Castaño, Sebastián García, Ángel Hidalgo, Pablo Larrazábal, Pedro Oriol, Carlos Pigem, Álvaro Quirós, Eduardo de la Riva, Santiago Tarrio and Samuel del Val. There is much at stake in this Andalucía Valderrama Masters hosted by the Sergio García Foundation, the last … [Read more...] about Home players hone their skills ahead of Valderrama
An investigation has laid bare the scandal of doubling ground rents affecting hundreds of thousands of people who own leasehold homes. Some of Britain's largest developers, most notably Taylor Wimpey, have been selling new-built properties that let the freeholder charge high ground rents and, in some cases, have rendered homes unsellable. Some leases contain small print that mean ground rents can double, creating huge bills for home owners and saddling them with a house very few would want to buy and which any new buyers might struggle to get a mortgage on. Last December the Government announced plans to stop unfair leasehold terms, including a ban on most sales of new build homes with these terms. But six months on and there is still no sign of the ban. While most housebuilders have voluntarily stopped selling homes with unfair ground rent terms, until the ban comes in there is nothing to prevent this practice continuing. Earlier today the consumer group Which? … [Read more...] about Leasehold scandal: the banks that won’t lend on homes with damaging ground rents
Press play to listen to this article By FLORIAN EDERwith ZOYA SHEFTALOVICH PRESENTED BY BANCO SANTANDER Send tips here | Tweet @florianeder | Listen to today’s Playbook and view in your browser It’s a rap: The Socialists and Democrats may have won the rap Battle for Your Vote, but MEP Dita Charanzová won the war for best dressed. Tomáš Zdechovský came a close second. SLOVENIAN ELECTION: The anti-immigration Slovenian Democratic Party (SDS), led by Janez Janša, emerged victorious from Slovenia’s election on Sunday, winning 25 percent of the vote. Janša, a one-time liberal dissident who transformed himself into an anti-immigration conservative, modeled his campaign on Hungarian Prime Minister Viktor Orbán’s political playbook. Janša acknowledged his party will face an uphill battle attempting to form a governing coalition. More results here. ORBÀN’S NEMESIS: No, not … [Read more...] about POLITICO Brussels Playbook, presented by Banco Santander: Merkel’s answer to Macron — Slovenian election — Orbán’s nemesis