The federal government wants to put more pressure on bituminous coal power plants than previously planned. Power stations could be switched off without compensation as early as 2024. The exit from sub-bituminous coal had been clarified in separate negotiations with the operators. Both are to be brought together in one act of law.

Turkey joined negative rates club after the central bank decision. The central bank’s fifth straight round of easing under governor Murat Uysal pushed its real rate below zero, only months after Turkey boasted one of the highest inflation-adjusted yields in the world. The move brought the benchmark rate to 11.25%. Inflation capped last year at 11.8%.