Governatives

Christine Lagarde, via Twitter, responded publicly to the applications received. At the end of the IMF and World Bank work, the general manager of the Fund is entrusted to the popular social network to explain the IMF recipes. On the possibility that Britain bait by the European Union, Lagarde reiterated that creates ” uncertainty ”: ” We have already revised down its UK growth forecasts, there is already uncertainty ” and there will also after the pending referendum for the definition of relations between Great Britain and Europe. An uncertainty which has a ” impact ” on the economy but also on the European English, dealing with the political crisis and social refugees. ” It ‘a global humanitarian issue that, if not managed well, can worsen. If managed well can lead ” economic benefits declared the number one of the IMF. ” In Europe need more cooperation, serves a real banking union ”.

The marathon negotiations in Doha is of no effect: the agreement to freeze the production of oil has not been reached. After a long standoff sixteen producers, OPEC and not, who had gathered in the capital of Qatar have declared surrender, opening the way to a likely decline in international oil prices. Largely it was precisely the expectation of an agreement to support the recovery of Brent, who had climbed the slope to nearly $ 45 a barrel last week, after he collapsed in January under $ 30, the lowest for 13 years .

The Brazilian Chamber of Deputies approved, at the end of a marathon began Friday, the opening of an impeachment proceeding against leftist President Dilma Rousseff, whose term expires in 2018. The majority in favor of impeachment against Dilma eventually overwhelming, beyond the worst predictions: 367 yes, 137 no, 7 abstentions.

The House vote, after three days and nights of debate, states the beginning of removal of Dilma Rousseff from the Planalto Palace in Brasilia that will now have to be confirmed by the Senate. If even approve senators, in their case by a simple majority, the President will be suspended for 180 days. At the end of this period, a new Senate vote, and then the Supreme Court will have to confirm or deny his dismissal. Meanwhile, his deputy, Michel Temer, will take power and form a new government. It’s ‘a turning point gained in the Brazilian lost the last months of scandals of corruption, severe economic recession and emergency Zika.

The UK national income could lose 6% by 2030 if the UK really leave the EU in a referendum on Brexit of 23 June. In late hours Ministry of the Treasury’ s report of 200 pages, anticipated by the media and already contesato by Eurosceptics, has released the alarm. The traces the relationship of Britain shock scenario, hit in its vital business interests and impoverished its people for decades, once consumed the hypothetical divorce from Brussels.

The growth of the German GDP has proceeded at a fast pace in the first three months of the year, thanks mainly to the positive trend in domestic demand which offset the weakness of exports. For the next quarter, which ends in late June to see economic expansion slowing.

This was stated by the Bundesbank in the April newsletter, explaining that the German economy has benefited in the first quarter from the good weather conditions that favored the construction industry, while consumption benefited from the favorable situation on the labor market and low inflation . The contribution from exports was however not very high.

The director of the IMF, Christine Lagarde, has intervened yesterday in "strong support" of the European Central Bank’s monetary policy, the subject in recent days of heavy criticism of the German Finance Minister, Wolfgang Schaeuble. Although hardly the differences can be ironed out – the minister has long been opposed to the "excessive liquidity" created by the measures of the ECB and the low interest rate policy – the face-to-face responds wing probably need to tone it down, who recently taken by the virulent characteristics of the establishment and of the German media.

Jose Manuel Soria, Minister of Industry of the Spanish Government, has resigned after his name was in fact associated with an offshore company of those that have been mentioned in 11.5 million revealed to the press documents from an inside mole to law firm Mossack Fonseca. The name of Soria appears in top secret list.

"I sent my irrevocable decision to resign," he wrote the minister, "in view of the obvious damage that this situation due to the Government and People’s Party" by Mariano Rajoy.
He previously served as Prime Minister of Iceland to have left office a few days after the scandal broke.

Finance ministers of the European Union will discuss next week put limits on exposure that banks have to sovereign debt, according to an EU document.

The EU countries have debated for months whether they review the status enjoyed by public debt used to finance the states, but during the financial crisis of the eurozone joined a "vicious circle" of dependence between states and banks. Sovereign bonds are considered risk-free and are exempt from the limits that banks have over other types of corporate or personal debt. EU countries have been cautious about their treatment for fear of affecting markets and financial stability of the institutions.