On the Sun: the effects on savings and businesses of quantitative easing ECB – Il Sole 24 Ore

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This article was published on March 5, 2015 at 20:23.

The ECB launches Quantitative easing. What does it mean for the real economy? How the markets will react and what impact will the entry of liquidity on household savings and investment firms? All you need to know about an experiment in monetary policy ever attempted in the Eurozone. From Monday 60 billion liquidity month – at least until September 2016 – will flood the eurozone financial markets through the purchase of securities (sovereign bonds, ABS and covered bonds). Il Sole 24 Ore on Friday 6 March, the analysis of the possible effects of the bazooka Dragons out of the trap of deflation: rates continue to fall, greater ease of financing for companies and households, weakening of the euro with the relaunch of export competitiveness and an increase in inflation.

Return of capital, the agreements with Switzerland, Liechtenstein and the Principality of Monaco in comparison
In recent days, Italy has signed agreements on the exchange of information for tax purposes with Switzerland, Liechtenstein and the Principality of Monaco.
Il Sole 24 Ore of Friday, March 6 provides a comparative picture of the agreements reached soon.

Moda24: the Italian fashion industry is growing, but only thanks to exports
It ‘a framework overall positive that comes out of the fashion industry data on Italy ‘textile and clothing industry for 2014: sales rose by 3.3% to 52.3 billion, almost returning to pre-crisis levels of 2008. Not only that, the positive trend has spread to the entire supply chain, which includes textile companies (which in recent years had suffered the most, also because of the structurally lower margins) and companies “downstream”, ie those of the finished product, brands, so to speak. Can not hide, however, that the growth of the industry is tied to exports, which even exceeded the figure recorded in 2008, before the great economic and financial crisis. Exports in 2014 reached 28.483 billion (+ 3.9% on 2013). Domestic consumption unfortunately continued to decline and by 2015 it is not expected a turnaround. Also down jobs: according to the president of Italy fashion Claudio Marenzi a partial solution would be policies to encourage the “reshoring”, ie the return of Italian production is relocated in recent years abroad. But for this to happen would require the approval of the “made in mandatory”, which require all European companies to indicate the place of production of their goods. The opposition of Germany – said Marenzi – continues to be the main obstacle to approval from Brussels of this rule: Berlin fears repercussions on key industrial sectors such as automotive, but for Italy fashion is now also take into account needs of the manufacturing sectors of the southern European countries, such as Italy and Spain.

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