Governatives

he EU finance ministers will discuss in the summit next week five different options to reduce the exposure of banks to sovereign debt.

According to Reuters from official EU sources, noting that on the table there will be cases such as the imposition of ceilings or financial disincentives to the holding of government bonds, currently considered as risk-free asset and therefore exempt from such imposed limits on debt of companies or families.

One option is to limit the exposure of banks to a single sovereign issuer, said one of the sources. Another is to introduce a weighting nothing for the risk on the sovereign, but also on the table the proposal to impose a combination of the two elements.

Ahead of the June referendum on Brexit, for and against Britain staying in the EU they are neck and neck, respectively, with 39% of the vote, while the undecided represent 17% and those who will abstain 5 %.

And ‘what emerges from a survey conducted by’ YouGov ‘and published by the’ Times’ from which it also appears that confidence in the British Prime Minister David Cameron has dropped eight percentage points. The survey was conducted questioning 1,693 people between 11 and 12 April.

On Wednesday, the U.S. Court of Appeals upheld an earlier decision that allows Argentina to issue bonds and payoff its creditors it has owed since the country defaulted in 2001.
The ruling is a major victory for Argentina, which slugged through a legal debt battle with American hedge funds known as "vultures" in Latin America.
This week, Argentina’s brass is on a "road show" in London, New York and elsewhere in the U.S. to pitch investors on $15 billion in governments bonds, amount second only to Mexico, which holds the record with a $16 billion debt offering in 1996.

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. "

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.

Fed policy makers signalled an interest-rate hike in April is unlikely, minutes of the March policy meeting showed, confirming market’s growing anticipation that the US central bank will act cautiously […]

"The economy’s engines are not going into reverse … but at the moment, it is hard to see GDP with a 2 percent handle. Based on today’s lackluster sales report, policymakers will be in no hurry to raise interest rates"

The ultra-low policy that a growing number of Central banks is pursuing is damaging the entire economic system. In his monthly Investment outlook Bill Gross warns investors about it and points out the way Janus Capital unconstrained portfolios deal with it.