EUR

According to a survey published by the Daily Mail, the British people are in favor of staying in Britain EU, and even sharply. The poll result says that if you held a referendum today on Brexit, 52% of voters would vote’ yes’ in Brussels against the 41% of ‘no’.

The British, however, do not believe the alarm raised by Prime Minister David Cameron that divorce Union could bring back a conflict on the continent after decades of peace. The survey underlines a general trend in recent surveys that saw a recovery in the face pro EU. According to the Financial Times, which on its website has a ‘thermometer’ with the average of major polls, the campaign Remain is at 47% and that for Brexit to 41%, while the percentage of undecided voters remains still large, around 10 %.

Spain has placed on the market a 50-year state title. Following the example of Belgium who recently successfully priced titles in this length of time, even Madrid decided to refinance a maturing issue in 2066. Even Italy is considering to issue a 50-year bond, but for now nothing is yet planned by the Treasury. Interest in the very long-term emissions comes mainly from pension funds and insurance funds, in pursuit of higher returns to zero and at the same time to have in "investment grade securities portfolio". Spain in fact enjoys BBB + rating from Standard & Poo’rs and Fitch and Baa2 by Moody’s.

The ECB seems optimistic, not in an exaggerated way, for the Eurozone economy, as confirmed by the minutes of the last meeting took place on 20 and 21 April last. In this way the orientation of President Mario Draghi is confirmed.

A few hours from the minute the FOMC the Fed takes time but says it is ready to raise interest rates in June, Eurotower confirms its objective of achieving inflation at 2%, although the macroeconomic data shows that the ‘Eurozone still gripped by deflation.

The exit of Britain from the EU would trigger a ” prolonged period of high uncertainty ”, with negative consequences for economic growth of the country, this is the summary of the IMF report presented in London by the Director Christine Lagarde.

Among the consequences ” negative and substantial ” which listed Lagarde there are the depreciation of the pound, the decline in investment, market volatility, with direct repercussions on employment. ” In any country have gone in the past six months, all the leaders have asked me about the economic consequences of a Brexit ”, Lagarde said, stressing that the Fund does not intend to enter the political debate on the referendum.

The Eurozone takes time on the subject of Greece, being the EU, subject to the test of the crisis of migrants and the risk of a ‘Brexit’ in late June. However, the situation is not simple: Greece is still lagging behind the partner requests and the extraordinary meeting ends with virtually a stalemate, by updating to May 24. But some progress there: after Athens approved the pension reform and a new round of cuts and taxes, the ministers begin formally to discuss the rescheduling of the Greek debt, while continuing to exclude a reduction and by subordinating everything to the completion of the measures provided for in the Memorandum.

Growing surplus of the German trade balance in March, thanks to the recovery in exports.

The trade surplus stood at € 23.6 billion, revised from a surplus of 20 billion the previous month (19.8 billion the first reading) and increased slightly compared to the 23 billion in the same month of 2015. the expectations of analysts was for a 20.5 billion surplus.

According to data published by the Federal Office of Statistics (Destatis), exports grew by 1.9% while imports fell by 2.3%.

In March, industrial orders in Germany were up by 1.9% on a monthly basis. The figure was much worse than analysts’ estimates, which showed a monthly increase of 0.7%. Orders have benefited from the increase of consumer goods, which in the period under review showed an increase of 4%.

The greek parliament approved yesterday in the evening further austerity measures to release the second tranche of the third floor of international aid to 86 billion euro before extraordinary Eurogroup today.

The green light applies in particular to the stabilization (and resulting savings) of the pension system and an increase in taxes for a total 3.6 billion euro, measures that are part of a wider package of 5.4 billion Euros agreed with the ‘ EU and the international Monetary Fund (IMF).