Draghi admits more stimulus in March. Mario Draghi as the economists have anticipated, opened the door to the adoption of more stimulus measures from the European Central Bank. Changes that can be already announced at the meeting of 10 March, and in the next month and a half the central bank’s technical teams will study the various possible alternatives. According to Mario Draghi, the risks on the growth of the eurozone have become more negative and inflation in December came out lower than expected, hence the need to think about further action. At the same conference in Frankfurt, Vítor Constâncio repeated that “ the ECB had no interference” in the decision of the Bank of Portugal on the recapitalization of the New Bank.
Bags and oil recover. If at the December meeting Mario Draghi disappointed by announcing measures that were below expectations, this time the words of the President of the ECB were well received. European stock markets, which were already in positive territory, stressed the gains and closed with rises above 2%. In Lisbon, the PSI-20 gained over 2.5%, the biggest rise since October, a session in which the BCP stood one an appreciation of over 13%. In the forex market the effect was the opposite, with the prospect of more stimuli to cause the euro to retreat close to 1%. Already in the raw material oil bucked the trend of sharp decline in recent sessions and returned to $ 30.
Bloomberg Graph shows the reaction of the Stoxx 600 to the statement of Mario Draghi
VAT on restoration down in July. Only in July is to enter into force one of the electoral promises of António Costa. The VAT on the restoration will lower from 23% to 13% from July 1, which allows the government to accommodate political commitments to the left and to meet the Brussels requirements, since the impact of the measure on public accounts low to EUR 175 million . A Association of Hotels, Restaurants and Similar of Portugal (AHRESP), whom the Prime Minister announced the decision, does not seem concerned about the timing of the VAT descent. “It’s what we always ask,” said the Secretary General Ana Jacinto.
30 days to confirm early retirement. Workers who requested early retirement have 30 days to confirm that really want to move forward with the request, and if they do not respond the process It has no effect. he is “give the person a chance to think twice before embarking on” a solution which can be a 50% cut in pensions, explained the Minister Vieira da Silva in SIC Notícias. The previous deadline was 10 days, and extending the deadline to 30 days is for private workers (Social Security) and Civil Service (General Retirement Fund).
TAP bet in the US. TAP anticipated for June receiving two aircraft A-330-200 aiming to double its supply to the United States. This was the way found by TAP to respond to the fall of two traditionally strong markets for the company, Brazil and Angola. “We want to make America the new Brazil” Business source told TAP. Also today was to know that the Blue Brazilian airline owned by David Neeleman, shall connect Sao Paulo and Lisbon from May 4.
Treasury will get to know how much is in the bank. The financial sector will have to provide the tax authorities over banking information on your customers, residents in Portugal. Elisabete Miranda, lead writer of Business, explains what is being prepared.
What banking information will access the IRS?
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