Crisis in Turkey, Italy on ECB Watch, U.S.-China Spats: Eco Day

(Bloomberg) -- Good Thursday morning, Europe. Here’s news from Bloomberg Economics to help get your day started:

  • Just as it might have closed the book on its Greek debt crisis involvement, the European Central Bank has eyes on embattled populists rising to power in Italy
  • Erdogan under fire. Turkey raised its interest rate in an emergency meeting after the lira crashed to a record low
  • More spats. Trump is backing away from an agreement with China amid backlash from trade hawks and U.S. lawmakers, and the U.S. has opened a probe to consider car tariffs
  • Trade tracking. Here are the issues to watch in U.S.-China trade talks; meanwhile, see how fast China’s economy is catching up to the U.S.
  • On hold. The Bank of Korea kept the benchmark interest rate unchanged amid disappointing exports and job growth
  • Foggy day. Federal Reserve officials signaled an interest-rate hike set for June while inflation muddies the outlook in minutes of their May meeting
  • New kids. Italy’s fragile new government faces some stark realities in the economy, and the new Bank Indonesia chief has his work cut out for him

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