For the Germans, the old love, D-mark, you never forget. In a note, the Bundesbank announced that, although 14 years have passed since the introduction of the single currency, 12.8 billion D-marks (6.53 billion euro) are still in the homes of the population in the form of banknotes and coins.
The shadow of Brexit stretches out on the global growth forecasts made by the International Monetary Fund, that according to the World Economic Outlook, has cut estimates on the world GDP in 2016 and 2017, respectively 3.1% and 3.4 %, compared to 3.2% and 3.5% indicated last April.
"The result of the vote in the UK, which has surprised the financial markets, implies the materialization of an important downside risk to the world economy. As a result – the report says – the global outlook for 2016-2017 It worsened, despite the better than expected performance. "
Switzerland could see another referendum to modify the effects of the end of 2014 on the limitation of immigration in the country. A group of citizens is collecting signatures to cancel the results of the previous consultation, which with 20,000 votes difference has rewarded the initiative of the SVP, which aims to put a cap of 100,000 units to the inputs in the country, where a quarter of the resident population it is foreign.
It is the first time that such a thing happens in the country, which historically has made more use of public consultations on the key issues under discussion. The problem lies in relations with the EU, because since 2002 the country adopted the Bilateral Agreement I, which ensures a market for its goods and its services in the rest of Europe, in exchange for accepting the free movement of workers.
The United Kingdom looks towards Australia to forge a new trade agreement, useful to overcome Brexit. The first Australian minister, Malcolm Turnbull, told the new British colleague, Theresa May, who would like to see the two countries enter into a free trade agreement as soon as possible, after the UK vote on the output from the EU, as also reported by office of the same May.
After the failed coup, Turkey remains a central concern of economic observers. According to reports from Bloomberg, political instability would become a disaster for the country, which currently finances the majority of its expenditure and investment projects with foreign capital. The opinion of analysts is that the budget deficit will rise up to 4.5% of GDP.
It is difficult to find new workers: it is the result of the survey conducted over 150 companies by the consulting firm Robert Walters. In Switzerland, for 68% of companies, it is hard to recruite new staff to fill vacancies.
In particular, the big obstacle is, for more or less half of the employers, the poor knowledge of languages. Companies also complain about the shortcomings of the technical level qualifications (70%) and consider an "enemy" (36%) the strong request of increasing salary by expectant employees.
Online commerce will lead to being multilingual: in fact by 2020 the English, while remaining the main language of digital commerce, will see the bow share decrease 42-33%. Mandarin (basic idiom of Chinese), will increase its share from 8 to 12.8%. But also other idioms "emerging", as the countries in which they are spoken: the Spaniard (for South America) to Portuguese (for Brazil), from Russian into Nigeria. The "force" evolution companies to a further translation effort to achieve the same number of online consumers.
The first call of the Italy-Switzerland 2014-2020 Interreg program begins with the stage of submission of expression of interest. The Programme co-funded by the European Union aims to support the development and the cross-border cohesion Italy-Switzerland (four Italian regions and three Swiss cantons) making the most of local resources, taking advantage of the distinctive features of the two sides and consolidating international relations. The expression of interest (project idea in summary form) must be submitted by September 15, 2016.
