EUR

Ads by Mario Draghi, who has coaxed the bankers with borrowed money supply not only at no cost, but even negative interest, the ECB moves to implementation of the plan: the European central bank is ready to pay European finance institutions to lend them money, provided that end up channeled to the real economy.
The new Tiltro plan provides that the interest rate will depend on the behavior of the bank and the use we make of that money. If it acts as always, he will not pay interest; but if the bank increase its lending by at least 2.5%, it will be the ECB to pay the bank, up to 0.4%.

The ECB is ready for any eventuality, even if Brexit, President Mario Draghi said. And even the Fed, the President Janet Yellen said, is ready to act after the vote if necessary.

In his speech to the European Parliament, Draghi said that "the recovery of the euro area has gained momentum at the beginning of the year. It is expected to proceed at a moderate but steady pace, supported by strong domestic demand and transmission of our dal’efficace real economy "policy. He added that the inflation dynamics remain "fairly subdued" and that will remain low in the coming months.

While polls see the lead again Remain faction in referundum on Brexit next June 23, the fears about the exit of Britain European Union weigh on merger between Deutsche Boerse and the London Stock Exchange. The alarm is launched by the Wall Street Journal, according to which, even if the British were to choose "remain", the merger, which would create a colossus with $ 30 billion of market capitalization, is winning widespread skepticism in the German political world.
According to insiders, the Brexit would lead to severe obstacles to closing the agreement, due to expected pressures on the political front, an even stricter regulatory scrutiny and decided a change in the valuation of both companies.

The Quantitative easing program of the European Central Bank could help bolster the eurozone economy. As stated in the monthly report, the Central Bank of Germany points out that, if inflation will return to 2%, the ECB will have to start a normalization of its monetary policy process "regardless of the status of public finances and the level of financial stability."

Previously, the Bundesbank had been strongly opposed to the quantitative easing program launched by ECB 15 months ago, as it was feared that such an intervention would eventually reduce pressures on euro zone governments, urging them to slow down on reforms.

On 23 June, the UK will hold its long-awaited referendum for voters to determine whether to remain in, or leave the European Union. Although the run-up to the event has been long and dragging, very crucial questions regarding possible outcomes, consequential scenarios and market reactions have only come to the fore in recent weeks. In this note, we summarise what we think are the most important facts and figures surrounding the event.

Unfortunately, we cannot forecast the vote outcome with any degree of certainty. Until recently, opinion polls and bookmaker odds saw the “Remain” camp in a more or less clear lead over the “Leave” one. However, in recent days, the odds have swung significantly in favour of „Leave”. In addition, both bookmaker odds and opinion polls have proven to be unreliable forecasters in UK elections and the Scottish referendum, so it would seem unwise to rely on them. Given the recent swings in public opinion and the narrow margin between the support of the two campaigns, we believe that the outcome of the referendum is too close to call.

To that extent, a Brexit is a very real threat, and thus, we look at some crucial what-if questions in a macroeconomic context. Since there is no precedent for an EU exit, forecasts are hard to make, but building scenarios based on plausible assumptions should help find some guidance for the time after the referendum.

The introduction of the new 50-euro banknote will be shortly. The European Central Bank (ECB) and the national central banks (NCBs) of the euro area, which together form the Eurosystem, will present the bill in the series "Europa" on 5th July while its entry into service is scheduled for spring of 2017.

"The Eurosystem and its industry partners have launched a timely preparations for the introduction of the new banknote of 50 Euros, to ensure that companies are ready and the public can use the new notes everywhere and without any problems from the day of putting them into circulation, "said Ton Roos, head of the Directorate Banknotes ECB.Among the banknote denominations in the euro from 50 euro is the most widely used. Over 8 billion euro banknotes, or about 45% of the currently outstanding, belong to this denomination.

The killing of the British MEP Jo Cox anti-Brexit froze the election campaign, at least for a day. But the IMF has launched a new alarm about the dangers caused by the possible exit of Britain from the European Union, stating that there would be a recession early as next year, with GDP in 2017 under the adverse scenario is expected at -0.8% and they would return to grow, deficit, debt and unemployment. Note that the baseline scenario foresaw a growth of 2.2% and the base case of intermediate impact + 1.4%

Brexit hot topic, even more after the killing of Jo Cox in Leeds and the director of the IMF Christine Lagarde, during a speech in Vienna, made an appeal to the British people to vote against the Brexit.

In a speech entitled "Unity in Diversity: A European Support", Lagarde said that "EU membership has made the UK’s richest economy." "As in all countries, there are people who are in difficulty in this new environment, but for the majority of citizens has been a great success story," she added.