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Sales include stakes in Commerzbank, NatWest, ABN Amro and Monte dei Paschi di Siena

Travellers are booking shorter, cheaper trips but winter bookings are still strong with UK airlines flying at capacity

Strong growth in some eastern and southern countries was offset by declines in many northern EU states

Also in this newsletter: How Brussels wants to retrain car industry workers

Banks and fund managers face shorter window to finalise deals as US reforms its securities market

Outflows are in contrast to America where US equity ETF flows represented nearly half of the total accrued

Also in this newsletter: Slamming the brakes on the EU’s deregulation omnibus

Germany in particular has been slow to come to terms with significant geopolitical and economic shifts

Rerouting of container ships has disrupted supply chains, increasing travel times and transport costs

And default divergence