EUR

Fitch sends a warning to Europe and the United Kingdom, that in the aftermath of Brexit have already begun negotiations to regulate future trade relations, beyond the official statements.

The rating agency, in an article by analysts, said that "the negotiations will last longer, it will be worse" for both sides, showing "weak positions" and are affected by the political uncertainty and the risk of food populist positions in other European countries. "The time is crucial for both the United Kingdom, to see materialize the benefits highlighted by supporters of Brexit, both for the European Union, which risks delaying the laborious process of integration.

Brexit doesn’t scare Italian banks; this is the concept expressed by Giovanni Sabatini, General Manager ABI, during the presentation of the Global Institute of International Affairs outlook, according to which "the market seems to have changed everything, but if we look at the fundamental Italy and the system Italian bank are less exposed than the Brexit risk ".

"The exposure of the banking sector to financial institutions in Britain is absolutely limited and in any case less than France, Spain and Germany, but for the markets is not so. It looks as if Italy after the vote has been overwhelmed by a huge problem. "

The new € 50 banknote will enter into service in April 2017, issued by the European Central Bank (ECB) in Frankfurt.

After the banknotes of 5, 10 and 20 euro, the 50 is the fourth cut of the second series of euro banknotes, known as "Europe." Among the banknotes, it is the most widely used and represents 45% of all banknotes in circulation, as reported by the note of the ECB. For this reason the new banknote has "highly advanced safety features" to avoid being spoofed.

The EIB bonds remain very safe. Standard & Poor’s affirmed its AAA rating on the European Investment Bank (EIB), with a stable outlook. After the vote in favor of the release of the UK from the European Union, the rating agency analysts consider it likely that London withdraw from EIB.

In the last week, the European Central Bank has bought 9.734 billion euro of public sector bonds (government bonds and bonds of agencies and institutions) as part of the Quantitative Easing program, according to the release of the ECB. The amount refers to the securities purchased in the so-called ‘public sector purchasing Program (PSPP)’ which, together with the covered bond purchases, Abs, and corporate bonds is part of QE by 80 billion euro per month.

Italy is ready to challenge the European Union and unilaterally injected billions of euro in its banking system in trouble if you were to record serious systemic tensions. An article in today’s front page of the Financial Times, citing several anonymous sources between officials and bankers, said that Matteo Renzi, President of the Italian Council, is determined to intervene with public funds if needed despite warnings from Brussels and Berlin on the need to respect the rules stipulate that banks should be saved from creditors rather than by taxpayers.

"Now is the time to be pragmatic." Wolfgang Schaeuble, the German finance minister, chooses an interview with the Welt Am Sonntag to return to thunder against the EU Commission and, without naming it directly, its president, Jean Claude Juncker. "If you do not want to get all 27 together from the beginning, then we’ll start with a few. If the Commission is not part of it, then we will take matters into our own hands and solve the problems between the governments," Schaeuble said, noting that after the Brexit vote on this "is not the right time for big visions. The situation is so severe that you must stop playing the usual games of Europe and Brussels."

The shadow of Brexit seems to have already stretched on Europe: within a few days by the outcome of the British referendum, Dutch 56 thousand have signed an online petition calling for the release by the European Union of the Netherlands, delivered by the promoters to lower house of parliament.