Actuality | World Economy

Alert “Swexit”, Sweden tries to leave the EU
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SwexitReport Wall Street Italia
Of Alessandra Caparello

From rallies draped with swastikas and swastika tattoos to the Swedish government: This is what the members of the SD aspire to, having thus cleaned up their image by calling themselves not racist but rather social conservatives.
“We believe in social values ​​and try to protect them, for example fromimmigration (…) If populism means being close to people and understanding their needs, then we are populists. But if it means that we don't have an ideology, we're going astray. We have a strong ideology based on two cornerstones: a welfare state with strong national security”.

He has clear ideas Matthias Karlsson, SD group leader in Parliament interviewed by La Stampa in which he indicates his party's moves, i.e. Swexit. Read More

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Actuality | World Economy

Draghi: sulla fine del QE "non è detta l'ultima parola"
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Mario DraghiReporting of Wall Street Italia
Of Alessandra Caparello
Inflation is on the right track but “there is still a need for significant accommodative measures”. Go back to talking about Quantitative easing the number one of the European Central Bank Mario Draghi during his speech at the Sintra Economic Forum in Portugal where his colleagues from the Fed and the Bank of Japan, respectively Jerome Powell and Haruhiko Kuroda.
For Draghi thelast word regarding the end of Qe.

"In the 2017 Eurozone growth was higher than we had expected: growth on annual basis recorded in the fourth quarter was the strongest in a decade. But in the 2018 growth has slowed and, until now, it was lower than our expectations (…) Regarding the ECB's monetary policy, as indicated last week the progress made so far towards a sustained adjustment in inflation has been substantial. The expected end of our net asset purchases in December this year is subject to new macro data confirming the medium-term outlook for inflationinflation. Furthermore, the asset purchase program can always be used if contingent events arise that we cannot see at the moment.".

Draghi underlined how confidence in the return of inflation towards the long-term objective has strengthened significantly over the last few months., but uncertainty permeates theeconomic outlook.

“With long-term inflation expectations well anchored, the underlying strength ofEuropean economy and the continued large degree of monetary accommodation allow us to be confident that inflation will converge towards our objective and that this convergence can be maintained even after a gradual winding down of our program of net asset purchases.".

Therefore, says Draghi, the "monetary policy in the Eurozone must remain patient, persistent and prudent”. Read More

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Actuality | Policy

Lega-M5S government, Here is the contract and list of ministers
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SalviniReport Wall Street Italia
Of Alessandra Caparello
ROMA (WSI) – More than a draft agreement, for some it is seen as a gauntlet to the European Union capable of sending the financial markets into a tailspin. Let's talk about the contract that Lega e Five Star Movement have developed and which they will soon bring to the attention of the Head of State, thus giving the green light to the new government.
Compared to the version leaked byHuffington Post in the new contract, thorny references disappear, such as the creation of an exit mechanism from the euro and the request to Mario Draghi of the ECB to cancel i 250 billions of debt for Italy.
However, some key points remain that could damage relations with Brussels. Not to mention that the coverage to be found for all these measures will be considerable and the budget constraints do not allow much room for manoeuvre.
Some points of the programmatic design still require some reflection, like them flat tax rates, the proposal to establish a regional Cie, the reform of the prescription, a law on mosques, up to the commitment to suspend executive works and re-discuss the Tav project in its entirety. Read More

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Actuality | World Economy

Argentina turns to the IMF and people take to the streets
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Argentina turns to the IMF and people take to the streetsReport Wall Street Italia
Of Alessandra Caparello
A financial debacle that reopens old wounds for Argentines in recent days with the national currency, the weight, under the threat of hyperinflation and a president Mauricio Macri which to save the economy and spare its people from a new financial crisis is asking for help from the International Monetary Fund.
Although the central bank of Argentina has decided for a huge increase in the rates three times since 27 April, issandoli al 40%, the peso continued to collapse and the president had to do resort to International Monetary Fund, looking for a standby agreement for a loan of at least 30 billions of dollars (although other sources even talking about 50 billion). Which means on standby? Which wouldn't be cashed in right away, but used if the situation worsens further. Read More

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Actuality | Policy

Elections, Mattarella: it's up to President of the Senate Casellati
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Elections, Mattarella: it's up to President of the Senate CasellatiReport Wall Street Italia
Of Alessandra Caparello
ROMA (WSI) – Italy is in a stalemate situation and after the second round of consultations a response is expected from the President of the Republic, Sergio Mattarella who will have to decide what to do most likely tomorrow.
According to what Corriere della Sera writes today, President Sergio Mattarella will try to entrust an exploratory mandate to one of the two high state offices and the most accredited one would appear to be the President of the Senate Elisabetta Alberti Casellati.

“If it goes like this, she will have to have a studio set up quickly Giustiniani Palaceand prepare a calendar of meetings in an attempt to bring the positions closer together and untangle the knots of an agreement that until last week seemed almost done".

Another option on the table is to give a pre-appointment to one of the two leaders who emerged victorious from the recent elections and the favorite name is that of Matteo Salvini who yesterday engaged in the electoral campaign of Molise and Friuli-Venezia Giulia stated: Read More

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