• Euro zone lending to grow but ECB weighs on profits: ECB survey


    Banks across the euro zone are set to expand lending further in the second quarter, even as the European Central Bank's ultra-easy monetary policy erodes profitability, an ECB survey showed on Tuesday. Banks may slightly tighten access to credit for companies in the second quarter but corporate, household and consumer loan volumes will continue to rise, helped by ultra low rates, ECB said. REUTERS

  • Italy is better shape than France - Padoan


    "The Italian economy is in better shape than France," Economy Minister Pier Carlo Padoan told CNN. "I'm not convinced at all that Italy is in much worse shape than France. Italy is much stronger, has a different structure, it's coming out strongly out of the crisis with a lot of effort," the minister said. RADIOCOR

  • IMF can cooperate with Trump to improve global trade: Lagarde


    International Monetary Fund Managing Director Christine Lagarde said she believes the IMF can work with the Trump administration to improve the global trading system, but cautioned against jeopardizing open trade as a growth engine. Lagarde told that the IMF saw the need to reduce subsidies and other trade distortions that limit competition, but also said "protectionist measures" needed to be avoided. REUTERS

  • Euro zone needs budget, bank union to fight populism: Moscovici


    The euro zone needs its own budget, a fully-fledged banking union and more democratic accountability in its decision-making to reverse the economic divergence that is fuelling populist movements, European Economic Commissioner Pierre Moscovici said. REUTERS

  • Italy GDP up 0.8% in 2017, 0.8% 2018


    Italy's GDP will rise by 0.8% this year and the same next, the IMF said Tuesday, raising their 207 estimate by 0.1%. Italian growth is "decidedly below its potential," it said. Italy's debt will be a better-than-expected 132.8% of GDP this year and will fall to 131.6% next year, below the government's forecast. Italy is lagging behind most of the rest of the EU in most macroeconomic parameters, the IMF said. ANSA

  • IMF cautions about imminent risks of Europe breakup


    The International Monetary Fund does not see imminent risks of a European Union breakup despite the presence of political movements hostile to the bloc, Chief Economist Maurice Obstfeld said. "It's certainly true that we see some politicians running in Europe on a platform hostile to the EU, but a breakup requires several steps that are less probable in our view" he said. RADIOCOR

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