By Martin M. Sobczyk
0830/0730 Hungary third-quarter
1000/0900 Polish Nov unemployment
Italy's government has set up a backstop fund to shore up troubled banks, setting the stage for the rescue of troubled Italian lender Banca Monte dei Paschi di Siena.
At a cabinet meeting in the early hours of Friday, the government of Prime Minister Paolo Gentiloni approved the creation of a EUR20 billion ($20.9 billion) fund to help troubled banks. Shortly afterward, Monte dei Paschi said it will apply to tap this fund for fresh equity to shore up its balance sheet.
The government's decision comes just hours after the Tuscan bank declared that a last-ditch effort to raise capital from private investors has failed. The bank, Italy's No. 3 lender, attempted to raise EUR5 billion to stay afloat and avert a government bailout.
German investigators said fingerprints found in the truck used in this week's terror attack pointed to the central suspect as the likely perpetrator, as it emerged that Germany had alerted the U.S. in June that the 24-year-old Tunisian asylum seeker may pose a risk.
The new evidence in an investigation that otherwise showed little progress in the fourth day since the attack came as the government hit back at accusations that authorities failed to stop Anis Amri, the fugitive suspect, despite being aware of his radicalization and putting him under surveillance.
Poland's statistics office is expected to confirm that the country's registered unemploymentrate was stable at 8.2% in November.
Unemployment in Poland has been falling steadily. Survey-measured unemployment, arguably a more accurate reading of the active workforce, was at 5.9% in the third quarter.
0350 GMT 26.994-7.054
0350 GMT 310.09-59
0350 GMT 4.4211-29
3 yrs 0.82% 0.83%
5 yrs 1.70% 1.69%
10yrs 3.15% 3.14%
3 yrs 1.94% 1.93%
5 yrs 2.69% 2.70%
10yrs 3.43% 3.42%
3 yrs -0.87% -0.85%
5 yrs -0.29% -0.28%
10yrs 0.43% 0.44%
51423.71 199.86 0.39%
31700.85 -64.45 -0.20%
917.53 -0.02 0.00%
The next issue of the CEE Morning Briefing will bepublished on Jan. 2, 2017.
-Write to Martin M. Sobczyk at email@example.com
(END) Dow Jones Newswires
December 22, 2016 23:10 ET (04:10 GMT)
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