| Damage Control | Turkish President Recep Tayyip Erdogan is taking steps to ensure protests across the country don't worsen and to contain a rout in stocks and bonds, even as he turns the screws on opponents. Finance Minister Mehmet Simsek's pledged to do "whatever it takes" to stabilize financial markets. Creating Distance | The board of Italian tiremaker Pirelli will meet today to discuss whether to cut a Chinese investor's stake in the company following a request by Italian regulators. Separately, Italy has put the investor, Sinochem, under review for a potential breach of rules aimed at limiting China's influence over strategically important assets. Tough Sheriff | Stefan Walter, Switzerland's chief financial regulator, has earned the nickname "The Sheriff" for a reason. In his first year on the job, Walter has taken action against seven banks and fintech firms, using his limited powers to the full. ECB Dependence | Poland is dependent on the decisions taken by the European Central Bank whether it joins the euro or not, according to Croatia's central bank Governor Boris Vujcic. He argued at an event in Warsaw that the country would benefit from lower credit costs if it ditched the zloty and adopted the euro. Bold Bet | Amid the perceived malaise of European industry, Citigroup's Beata Manthey made the brave call of upgrading European stocks last year. An 11% rally later, Manthey was proved right, and she says there's more to come as US tariff announcements push investors to look for underperformers elsewhere. | 
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