<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0">
  <channel>
    <title>rbtfl — Money Plumbing</title>
    <link>https://rbtfl.xyz/en/track/money-plumbing</link>
    <description>Central banks, rates, FX, insurance and the pipes value moves through.</description>
    <item>
      <title>Merz demands 'all or nothing' on a 33-point pension overhaul</title>
      <link>https://rbtfl.xyz/en/n/merz-rentenreform-kommission-2026</link>
      <guid>https://rbtfl.xyz/en/n/merz-rentenreform-kommission-2026</guid>
      <pubDate>Wed, 24 Jun 2026 00:00:00 GMT</pubDate>
      <description>A commission hands Germany a capital pillar and life-expectancy retirement ages; the SPD and unions revolt [pending-decision]</description>
    </item>
    <item>
      <title>Milei renews Argentina's US$5bn China currency swap despite US pressure</title>
      <link>https://rbtfl.xyz/en/n/milei-china-swap-renewal-2026</link>
      <guid>https://rbtfl.xyz/en/n/milei-china-swap-renewal-2026</guid>
      <pubDate>Wed, 24 Jun 2026 00:00:00 GMT</pubDate>
      <description>The self-styled Beijing critic extends the active yuan swap tranche for 12 months as Washington presses Buenos Aires to cut financial ties [active]</description>
    </item>
    <item>
      <title>Prabowo's rupiah breaks 18,000 as investors flee Indonesia's worst-performing currency</title>
      <link>https://rbtfl.xyz/en/n/prabowo-rupiah-record-low</link>
      <guid>https://rbtfl.xyz/en/n/prabowo-rupiah-record-low</guid>
      <pubDate>Wed, 24 Jun 2026 00:00:00 GMT</pubDate>
      <description>An oil-price shock, a corruption scandal in the free-meals programme and an unnerving inner circle drive a crisis of confidence in Jakarta [worsening]</description>
    </item>
    <item>
      <title>Putin's SPIEF: 'no recession' as the war economy stalls and drones hit the showcase</title>
      <link>https://rbtfl.xyz/en/n/putin-spief-2026-economy-stagnation</link>
      <guid>https://rbtfl.xyz/en/n/putin-spief-2026-economy-stagnation</guid>
      <pubDate>Wed, 24 Jun 2026 00:00:00 GMT</pubDate>
      <description>Saudi guest of honour, a US delegation back after a decade — and a president conceding 'risks of stagnation' while Ukrainian strikes shadow his hometown forum [worsening]</description>
    </item>
    <item>
      <title>June European Council lands the EU budget architecture and opens the Ukraine cluster</title>
      <link>https://rbtfl.xyz/en/n/euco-june-2026-mff-ukraine-cluster</link>
      <guid>https://rbtfl.xyz/en/n/euco-june-2026-mff-ukraine-cluster</guid>
      <pubDate>Wed, 24 Jun 2026 00:00:00 GMT</pubDate>
      <description>Leaders agree the 2028–2034 MFF shape, roll Russia sanctions for 12 months, and start Ukraine accession talks [active]</description>
    </item>
    <item>
      <title>India's FY26 GDP prints at 7.7% — Modi's headline, the statisticians' puzzle</title>
      <link>https://rbtfl.xyz/en/n/india-fy26-gdp-7-7</link>
      <guid>https://rbtfl.xyz/en/n/india-fy26-gdp-7-7</guid>
      <pubDate>Wed, 24 Jun 2026 00:00:00 GMT</pubDate>
      <description>The first full year on a new 2022-23 base year shows the fastest-growing major economy, even as a rare rise in unemployment and an implausibly low deflator fuel a credibility debate [active]</description>
    </item>
    <item>
      <title>Israel's war bill lands as the shekel hits a 30-year high</title>
      <link>https://rbtfl.xyz/en/n/israel-war-economy-bill</link>
      <guid>https://rbtfl.xyz/en/n/israel-war-economy-bill</guid>
      <pubDate>Wed, 24 Jun 2026 00:00:00 GMT</pubDate>
      <description>Q1 GDP shrank 3.3% from the Iran war, but the ceasefire sends the currency to a 1993 peak and ratings outlooks to stable — even as Smotrich fights a record defence budget [easing]</description>
    </item>
    <item>
      <title>Prabowo's inner circle spooks markets as Indonesia swings from darling to laggard</title>
      <link>https://rbtfl.xyz/en/n/prabowo-inner-circle-investor-confidence</link>
      <guid>https://rbtfl.xyz/en/n/prabowo-inner-circle-investor-confidence</guid>
      <pubDate>Wed, 24 Jun 2026 00:00:00 GMT</pubDate>
      <description>Insiders blame erratic, poorly communicated policy and an opaque advisory court; a Tony Robbins session at the palace becomes the symbol of the unease [worsening]</description>
    </item>
    <item>
      <title>Saudi Arabia posts its largest-ever quarterly deficit on war spending</title>
      <link>https://rbtfl.xyz/en/n/saudi-q1-record-deficit</link>
      <guid>https://rbtfl.xyz/en/n/saudi-q1-record-deficit</guid>
      <pubDate>Wed, 24 Jun 2026 00:00:00 GMT</pubDate>
      <description>A $33.5bn Q1 hole — most of the year's planned shortfall in one quarter — as military outlays jumped and Hormuz throttled oil exports despite high prices [worsening]</description>
    </item>
    <item>
      <title>Germany's 2027 budget: record new borrowing and a €140bn planning gap</title>
      <link>https://rbtfl.xyz/en/n/bundeshaushalt-2027-schulden-luecke-2026</link>
      <guid>https://rbtfl.xyz/en/n/bundeshaushalt-2027-schulden-luecke-2026</guid>
      <pubDate>Wed, 24 Jun 2026 00:00:00 GMT</pubDate>
      <description>Klingbeil defends ~€196bn in fresh debt as defence spending climbs toward €180bn by 2030 [pending-decision]</description>
    </item>
    <item>
      <title>The MoU's $300bn rebuild pledge becomes a who-pays fight</title>
      <link>https://rbtfl.xyz/en/n/iran-reconstruction-fund-dispute</link>
      <guid>https://rbtfl.xyz/en/n/iran-reconstruction-fund-dispute</guid>
      <pubDate>Wed, 24 Jun 2026 00:00:00 GMT</pubDate>
      <description>Trump insists 'no $300 billion payment to Iran by the US'; Vance says Arab states and investors will fund it — and no country has confirmed a cent as Iran's own bank warns of a 12-year rebuild [active]</description>
    </item>
    <item>
      <title>Merz calls the EU's next seven-year budget 'unaffordable'</title>
      <link>https://rbtfl.xyz/en/n/merz-eu-rat-mfr-haushalt-2026</link>
      <guid>https://rbtfl.xyz/en/n/merz-eu-rat-mfr-haushalt-2026</guid>
      <pubDate>Wed, 24 Jun 2026 00:00:00 GMT</pubDate>
      <description>After the June European Council, Berlin rejects the MFF proposal and floats Ukraine 'associate membership' [contested-result]</description>
    </item>
    <item>
      <title>NEOM halts The Line until after 2030 with a $16bn cancellation bill</title>
      <link>https://rbtfl.xyz/en/n/neom-the-line-halted</link>
      <guid>https://rbtfl.xyz/en/n/neom-the-line-halted</guid>
      <pubDate>Wed, 24 Jun 2026 00:00:00 GMT</pubDate>
      <description>The flagship of Vision 2030 cuts its population target to 100,000 and faces a bigger bill to cancel contracts than to build, as Riyadh resets its megaproject [worsening]</description>
    </item>
    <item>
      <title>Egypt's central bank holds rates, doubles its inflation outlook</title>
      <link>https://rbtfl.xyz/en/n/egypt-cbe-inflation-revision</link>
      <guid>https://rbtfl.xyz/en/n/egypt-cbe-inflation-revision</guid>
      <pubDate>Wed, 24 Jun 2026 00:00:00 GMT</pubDate>
      <description>The CBE keeps rates on hold a second straight meeting and lifts its 2026 inflation forecast to 16-17% from 11%, blaming the regional conflict and an energy shock [worsening]</description>
    </item>
    <item>
      <title>Abu Dhabi reviews $1.8tn+ in sovereign funds through war volatility</title>
      <link>https://rbtfl.xyz/en/n/abu-dhabi-sovereign-funds-q1</link>
      <guid>https://rbtfl.xyz/en/n/abu-dhabi-sovereign-funds-q1</guid>
      <pubDate>Wed, 24 Jun 2026 00:00:00 GMT</pubDate>
      <description>Sheikh Tahnoon chairs a Q1 review of ADIA, Mubadala, L'Imad and ADNOC as the emirate steers wartime capital and builds a 'fourth pillar' fund [active]</description>
    </item>
    <item>
      <title>Markets brace for a Burnham premiership and the fate of Reeves's fiscal rules</title>
      <link>https://rbtfl.xyz/en/n/uk-burnham-markets-fiscal-rules</link>
      <guid>https://rbtfl.xyz/en/n/uk-burnham-markets-fiscal-rules</guid>
      <pubDate>Wed, 24 Jun 2026 00:00:00 GMT</pubDate>
      <description>Sterling and gilts move only modestly on Starmer's exit — the real question is the spending rules [transition]</description>
    </item>
    <item>
      <title>ECB raises rates on the Iran-driven energy shock, first hike since 2023</title>
      <link>https://rbtfl.xyz/en/n/ecb-rate-hike-energy-shock</link>
      <guid>https://rbtfl.xyz/en/n/ecb-rate-hike-energy-shock</guid>
      <pubDate>Thu, 11 Jun 2026 00:00:00 GMT</pubDate>
      <description>The deposit rate goes to 2.25% as war-driven oil prices push 2026 inflation projections to 3.0% amid stalling growth [active]</description>
    </item>
  </channel>
</rss>