Germany’s tank dilemma
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 24 January 2023
⏱️ 9 minutes
🧾️ Download transcript
Summary
Bonds issued by China’s highly indebted real estate developers have rebounded sharply over the past two months, the EU is on the brink of effectively severing ties with its biggest external diesel supplier, and pressure is mounting on Germany to send its highly prized Leopard tanks to Ukraine.
Mentioned in this podcast:
China property bonds rebound on support measures from Beijing
Oil market braces for fresh turmoil as EU prepares to cut off Russian diesel
Why are Ukraine’s allies arguing about tanks?
‘Free the leopards!’: Tank row heightens Germany’s isolation over Ukraine
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:09.7 | Good morning from the Financial Times. |
| 0:11.2 | Today is Tuesday, January 24th. |
| 0:13.6 | This is your FT News Briefing. |
| 0:19.2 | Investors are tiptoeing back into the market for Chinese property bonds. |
| 0:23.5 | Germany is under pressure to send its leopard tanks to Ukraine, |
| 0:27.4 | but Chancellor Olaf Schultz is resisting. |
| 0:30.4 | And I think there's a huge frustration about the |
| 0:33.0 | the melee-mouthed explanations from Berlin. |
| 0:37.2 | Plus, a European Union ban on Russian diesel is about to go into effect. |
| 0:41.8 | It could be painful for Europe. |
| 0:44.5 | I'm Mark Filipino and here's the news you need to start your day. |
| 0:47.2 | Some foreign investors are returning to the Chinese property market. |
| 0:58.1 | They're once again starting to buy bonds issued by the country's highly indebted real estate |
| 1:03.0 | developers. Chinese developers were at the heart of a real estate implosion sparked by a |
| 1:07.6 | government crackdown on high debt levels. But Beijing's been easing up and China's |
| 1:13.1 | high-yield dollar bond index has recovered almost 50% from its record low in November. |
| 1:18.8 | Still, there's been no rebound in bonds from developers who have already defaulted, |
| 1:23.5 | including China Evergrande. |
| 1:31.2 | The EU is about to lose its main source of diesel fuel. |
| 1:34.7 | Early next month, sanctions on Russian refined fuel imports take effect, |
... |
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