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 UK intends to reduce the rate of tax to 15 percent the company, to encourage companies to invest in British islands even during the transition phase that will exit the European Union.
The Chancellor of the United Kingdom, George Osborne, was to declare it in an interview with the Financial Times; after participating in the campaign for the Remain, Osborne has accepted the result and is now focused on reducing the risks of adverse effects: "Now we must be part of a great national effort to make things work for the British people."
Brexit doesn’t brake the merger London – Frankfurt: nowadays, the shareholders of the London Stock Exchange Group (LSE Group), the company that manages the London list and which also controls the Milan Stock Exchange, voted with a favorable opinion to the proposed merger with Deutsche Boerse. By July 12, they will have to vote on the transaction also members of the German company, through the postal vote.
As stated by Hufeld, the chairman of the German markets (BaFin), the only constraint is that the headquarters of the largest European stock exchange, which would arise from the merger, will not be in London, outside the European Union.
At the Swiss Exchange it will be able early to invest in bitcoin. Bank Vontobel is the first Swiss institution to apply to SIX for a title – lasting two years – for the virtual currency.
The first day of trading is expected to be on July 15, as in today’s press release of the bank. In the meantime, investors can sell and buy the certificate on the secondary market.
Living in London, one of the most expensive cities in the world, is now "cheaper". Among the first effects of the British economy Brexit was also a fall in prices of apartments for sale in London.
No entrance fee in Switzerland for frontier workers. The Federal Council has rejected a proposal to that effect in a motion of Lorenzo Quadri (Lega / TI), which proposed this system to protect the local labor market and cover the social, economic, environmental and infrastructure generated by the phenomenon.
In Ticino border workers, as well as being a source of problems in the labor market, are entitled to benefits financed by the Swiss taxpayer and cause costs to society that are not called to cover, such as Quadri noted in his parliamentary speech and cited examples such as wear of the cantonal road network, damage to the economy generated by traffic jams and urban solid waste, whose collection and disposal is the responsibility of the resident population.
Slight improvement in the labor market of the Eurozone, which sees unemployment down slightly. It’s the best figure since July 2011, since before the euro crisis season opened from the shock of sovereign spreads.
According to the Institute of Statistics of the European Union (Eurostat), in May, the unemployment rate fell to 10.1% compared to 10.2% registered in April, resulting in improvement even compared with 11% in May 2015 . Analysts’ expectations were spot on which indicated 10.1%.
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