Europe

For Vladimir Putin the Euro is a mistake: The president of Russia, speaking to the nation in a direct line, considers that the mistake was made by the European Union, which sought to unite with each other economies "not comparable with each other," and that it was guilty of several crises, including the one that hit Greece.
The Eurasian Economic Union (ECC), which owns both Russia and other countries of the former Soviet Union, according to Putin will not commit the same mistake. Responding to a question on the possible introduction of a single currency area, Putin said: "I think this is an interesting question. The question of whether or not there will be a national currency the Eurasian Economic Union (…). In principle, this interesting question will probably be possible, one day. But only when the levels of economic development and economic structures of the ECC member countries reduce their differences. We simply can not repeat the mistakes made by the European Union, which introduced a common currency in a context where the economies of the countries were so different. "

For the first since three years, Tesco reported its first quarter of underlying UK sales growth on Wednesday, but warned it was still battling in a price war which would pressure operating profits in the current year.

George Soros, in an interview reported by CNBC, warned that the EU is in a state of high danger of collapse if not extraordinary, and appropriate measures will be taken, especially with regard to the refugee crisis.

Soros has vigorously raised the humanitarian issue that is proving to be a real catastrophe, particularly in Greece. "Asylum seekers are desperate" And he added that "EU leaders should understand that the ultimate solution to this crisis is necessarily to find a large sum dicapitali be invested exclusively on the project, rather than breakdown and invest sufficient sums year after year."

They could come as early as next week in parliament two bills, one on the much-discussed reform on pensions and the other on the income tax, as called for by the creditors ( European Union , International Monetary Fund , European Central Bank , the European Stability Mechanism ). Question of unpopular measures which it was feared could be applied in Greece and resulting in clashes and turned strong controversy in recent months .

After announcing the postponement until after the spring meeting of the International Monetary Fund ( IMF), the negotiations with international creditors on the revision of the bailout , the Greek Finance Minister , Euclid Tsakalotos states that the agreement is close.

The European Central Bank (ECB) has announced a new series of four targeted long-term refinancing operations (TLTRO II), as part of its new latest accommodative measures. Standard & Poor's economists […]

Standard & Poor’s economists said they trimmed their growth projections for the eurozone economy to 1.5% this year (versus 1.8% previously) and to 1.6% in 2017.

Given renewed investor interest in dividend cuts Morgan Stanley analysts have revisited their 2008 analysis that showed cuts to dividend can indicate powerful inflection points in share prices.
"We would buy stocks on dividend cuts, particularly those that are ‘stressed’" is written in the European Equity Strategy of March 24th.

Both equity markets and the euro are lower on Tuesday after what appears to be a coordinated terrorist attack in Brussels. Belgium is now on its highest terror alert after […]