Government recovers 1.2 million in Social Security – the Observer

The minister of employment, Solidarity and Social Security said this Friday, in Coimbra, that the State has recovered 1.2 million euros of debts to the Social Security of the first list of taxpayers of debtors published by the Government.

The ministry has updated today the list of debtors to the Social Security, which integrates 5.365 new taxpayers, representing a total value in debt of about 414,6 million.

"it is Not easy to assess the amount of debt it recovers, since a lot of people do not have the name in the list because you paid or regularized, but the same 1.2 million euros recovered by the people who have been on the list of the first phase, which may seem small, but it is a value with meaning," said Vieira da Silva.

The ruler spoke in Coimbra, the Praça do Comércio, on the sidelines of the closing of the Festival of Solidarity, promoted by the CNIS-National Confederation of Solidarity Institutions, which this year has led to Calls for Solidarity to go through the entire district from Monday.

according To the information now disclosed by the Ministry of Labour, in a statement, the total of these taxpayers debtors, 2.397 correspond to the contributors of the second stage and 2.968 of the first phase, which were reported a second time.

This list of debtors updated today – making the dissemination of the second phase provided for in the Plan to Combat tax Fraud and tax Evasion Contributory pension and healthcare benefits 2016 – includes legal persons with debts between 10 thousand and 50 thousand euros (second phase), which, having been notified, does not have regularised their situation to pay.

on the other hand, it is also updated the list on debtors of the first stage, natural persons with debts of more than 25 thousand euros, and to legal persons with debts in excess of 50 thousand euros reported for the second time for not having been raised in the course of 1.Th stage, the first notification.

"The first goal is to comply with the law, which from 2013 requires the publication of the list, that was not to be fulfilled, and the State can no longer meet their own" determinations, said the minister of Labour, Solidarity and Social Security.

The second goal is to participate in an effort to combat contributory evasion and the debt to Social Security".

According to Vieira da Silva, the publication of the lists is an "incentive for people to regularizing the debt or to enter into agreement with the Social Security" for their settlement, that can be made through instalments that can go up to 150.

The ruler said that the lists are being updated and that, by the end of the year, the process will be completed with the disclosure of all of the debt that the law provides.

Government recovers 1.2 million euros of the first list of debtors to the Social Security – the Observer

The minister of employment, Solidarity and Social Security said this Friday, in Coimbra, that the State has recovered 1.2 million euros of debts to the Social Security of the first list of taxpayers of debtors published by the Government.

The ministry has updated today the list of debtors to the Social Security, which integrates 5.365 new taxpayers, representing a total value in debt of about 414,6 million.

"it is Not easy to assess the amount of debt it recovers, since a lot of people do not have the name in the list because you paid or regularized, but the same 1.2 million euros recovered by the people who have been on the list of the first phase, which may seem small, but it is a value with meaning," said Vieira da Silva.

The ruler spoke in Coimbra, the Praça do Comércio, on the sidelines of the closing of the Festival of Solidarity, promoted by the CNIS-National Confederation of Solidarity Institutions, which this year has led to Calls for Solidarity to go through the entire district from Monday.

according To the information now disclosed by the Ministry of Labour, in a statement, the total of these taxpayers debtors, 2.397 correspond to the contributors of the second stage and 2.968 of the first phase, which were reported a second time.

This list of debtors updated today – making the dissemination of the second phase provided for in the Plan to Combat tax Fraud and tax Evasion Contributory pension and healthcare benefits 2016 – includes legal persons with debts between 10 thousand and 50 thousand euros (second phase), which, having been notified, does not have regularised their situation to pay.

on the other hand, it is also updated the list on debtors of the first stage, natural persons with debts of more than 25 thousand euros, and to legal persons with debts in excess of 50 thousand euros reported for the second time for not having been raised in the course of 1.Th stage, the first notification.

"The first goal is to comply with the law, which from 2013 requires the publication of the list, that was not to be fulfilled, and the State can no longer meet their own" determinations, said the minister of Labour, Solidarity and Social Security.

The second goal is to participate in an effort to combat contributory evasion and the debt to Social Security".

According to Vieira da Silva, the publication of the lists is an "incentive for people to regularizing the debt or to enter into agreement with the Social Security" for their settlement, that can be made through instalments that can go up to 150.

The ruler said that the lists are being updated and that, by the end of the year, the process will be completed with the disclosure of all of the debt that the law provides.

Facebook Analytics for Apps with new features – PCGuia

Facebook has announced the availability of a new set of features for Analytics for Apps with the aim of helping the developers to a better understanding of where it is coming from the growth of the business and using that information to engage better with their audiences, regardless of whether you are in mobile applications or on the Web.

from Here onwards it is possible to view the trends, optimizing conversions, and understand the retention, insights into demographic and audience for a website in Analytics for Apps. The integration of online and offline customer data, including information from the CRM system and data application profile, it is now more easy.

developers can now measure whether a shared content is viral, in particular the frequency with which a link will often be shared and viewed on Facebook.

Via Facebook.

List of Social Security with the most 5365 new debtors – Diário de Notícias – Lisbon

The list of debtors to the Social Security, which was suspended since August 2013, it was reactive in June

The Government upgraded this Friday the list of debtors to the Social Security, which integrates 5365 new taxpayers, representing a total value in debt of about 414,6 million.

according To the information disclosed by the Ministry of Labour, in a statement, the total of these taxpayers debtors, 2397 correspond to the contributors of the second stage and 2968 are the contributors of the first phase that have been reported a second time.

This list of debtors up – to-date making the disclosure of the second stage provided in the Plan to Combat tax Fraud and tax Evasion Contributory pension and healthcare benefits 2016 – includes legal persons with debts between 10 thousand and 50 thousand euros (second phase) that, having been notified, does not have regularised their situation to pay.

on the other hand, it is also updated the list on debtors of the first stage, natural persons with debts of more than 25 thousand euros, and to legal persons with debts in excess of 50 thousand euros reported for the second time for not having been raised in the course of 1.Th stage, the first notification.

The Ministry of Labour, Solidarity and Social Security released in June the list of debtors to the Social Security that was suspended since August 2013.

The ministry recalled that the list of debtors that, we have finished the term of voluntary payment, without having fulfilled their obligations and, within legal terms and do not have the respondent and framed the payment of the debt in instalments, provided the guarantee or request for the exemption, you do not have no outstanding debts.

The list of debtors was published on 21 June 2016 with 1798 taxpayers debtors, of which 44 already did no more than legalize your situation-contributory pension, an amount of debt of 1,263 million euros.

The measure is inserted in the plan to combat tax fraud and tax evasion contributory pension and healthcare benefits, with the goal of promoting transparency and increase efficiency in the recovery of debts contributions.

The third phase is scheduled for December 2016, covering the natural persons with debts ranging between seven thousand and 500 euros and 25 billion euros.

The note from the ministry says further that from the third phase, the whole universe of taxpayers debtors will be covered, as from January 2017 to a monthly update of the list of debtors to the Social Security, with the inclusion of new debtors.

taxpayers debtors forming part of the list of debtors are excluded from the same as soon as settle your situation contributory, once the update process is dynamic, it clarifies the document.

The list of debtors to the Social Security can be viewed here

New Bank. Workers want explanations about redundancies – the Observer

The National Committee of Workers (CNT) of the New Bank meets next Monday with the administration due to the news that point to the possibility of a new process of redundancies, that can reach up to 500 people.

"The meeting is confirmed for next Monday, 14h30," he said to the agency Lusa, Rui Geraldes, port-voice of the structure that represents the workers of the New Bank.

The responsible person has taken the concern of the CNT in the face of the news enhanced this Friday by the Business Journal, which indicates that the European Commission has imposed new remedies to the New Database when, in December of last year, were extended to the state guarantees and the closing date for its sale until August 2017.

One of these remedies is the reduction of more than 500 jobs, after having already been a cut of staff of 1,000 people, if the New Bank is not sold by the end of the year.

"we Just get out of a dismissal of 1,000 people and we live the situation is quite painful," said Rui Geraldes, adding that "it is very complicated to work in a climate of vagueness there are already two years old."

The responsible person said that only on the next Monday, after the CNT meeting with the management team of the bank led by António Ramalho, it will be possible to go more information regarding this matter, because the same was not the knowledge of the entity until today, unnoticed.

The New Bank – the bank of transition that resulted from the bailout to Banco Espirito Santo (BES) – is currently in the process of sale, and the Bank of Portugal has received four proposals for the acquisition of the funds Apollo/Centerbridge and Lone Star, and the banks BCP and BPI.

This is the second process of sale of the New Bank, after the Bank of Portugal considered that, during the first process, suspended in September of last year, no proposal was interesting.

List of Social Security enhanced with more 5365 new debtors – Public.en

The Government has updated this Friday the list of debtors to the Social Security that started to integrate 5365 new taxpayers, representing a total value in debt of 414,6 million.

according To the information disclosed by the Ministry of Labour, the total number is divided into 2397 contributors of the second stage and 2968 taxpayers of the first stage, which have been notified for the second time.

The list of debtors now updated includes legal persons with debts between 10 thousand and 50 thousand euros (second phase) that, having been notified, does not have regularised their situation to pay.

on the other hand, is still up-to-date list on debtors of the first phase. Concerned are natural persons with debts of more than 25 thousand euros and legal persons with debts exceeding 50 billion euros, which have been notified for the second time for not having been raised in the course of the first phase, the first notification.

The Ministry of Labour, Solidarity and Social Security released in June the list of debtors to the Social Security that was suspended since August 2013. The disclosure of the names of the biggest debtors is one of the objectives of the plan to combat fraud and evasion of contributions presented by the Government in mid-May.

The ministry reminds, in a note divulged in this Friday, that list debtors that, we have finished the term of voluntary payment, without having fulfilled their obligations and, within legal terms and do not have the respondent and framed the payment of the debt in instalments, provided the guarantee or request for the exemption, you do not have no outstanding debts.

The list of debtors was published on 21 June 2016 with 1798 taxpayers debtors, of which 44 already did no more than legalize your situation-contributory pension, an amount of debt of close to € 1.3 million. This time there were ten companies at the top of the biggest debtors: four of the textile sector, four in construction, one of the area of the shows and other in the cleaning sector, with debts between one million and five million euros.

The third phase of the list will be published in December 2016, covering individuals with debts ranging from 7500 euros and 25 billion euros.

The note from the ministry says further that from the third phase, the whole universe of taxpayers debtors will be covered, as from January 2017 to a monthly update of the list of debtors to the Social Security, with the inclusion of new debtors.

taxpayers debtors forming part of the list of debtors are excluded from the same as soon as settle your situation contributory, once the update process is dynamic, it clarifies the document.

If the New Bank is not sold this year, leaving more than 500 workers – TVI24

the Government has promised to the European Commission has been selling the New Bank until August 2017, or is, there are still ten months ahead. That does not prevent Brussels to make three demands that the institution will comply if it is not sold already by the end of this year 2016. And one of them is the output of more than 500 employees of the New Bank, to join the thousand employees that have already been dispensed.

in This scenario, you will still be bound to a greater effort of reduction of costs and the closure of counters.

The accounting financial made by Brussels: the value of the cuts will have to spend 150 million euros to 250 million; and instead of closing the agencies to stay with a total of 550 branches, the target goes to the 450.

Though only now being made public, these goals are not new. Were decided by the European Commission in December 2015 and the restructuring plan that the directors of the New Bank is in course already provides a part of them.

The only penalty that was not on the agenda is the closing of a hundred counters. Of the rest, the team led by António Ramalho already assumed that wants to exceed the € 150 million in cuts set for this year.

The sale of the business already announced and others still in negotiation, as well as the natural departures of employees, should ensure that the goal of reduçãode more than 500 workers until 31 December.

The sale process is ongoing and already the second attempt, after the first have failed. The efforts may, however, be more committed if the BPI get out of the race. It is one of the interested parties, but the CaixaBank – which launched a TAKEOVER bid on the entire capital – seems to be not to there face.

The deadline for the sale to be completed is August of 2017. If you do not come to happen, the institution be liquidated.

The U.S. economy grew more than expected in the second quarter – Jornal de Negócios – Portugal

The U.s. economy grew more than expected in the second quarter of the year. According to the data released this Thursday, September 29, by the Department of the north american Trade, the GDP rose by 1.4% compared to the same period last year, which compares with the previous estimate of 1.1%.

the evolution of The world’s largest economy was more positive than was expected by economists surveyed by Bloomberg, who anticipated a growth of 1.3%. In the first quarter, the GDP rose by 0.8%.

This review is justified with a lower down expenses of the companies in infrastructure and equipment, a smaller downs of inventories, and performance is more positive in exports.

investment in structures non-residential – including offices and factories – fell to 2.1%, when the previous estimate pointed to a reduction of 8.4%.

the final sales to private consumers grew 3.2%, above the 3% initially advanced.

The government wants agreement on the minimum wage or decides itself – Diário de Notícias – Lisbon

Employers and trade unions have three paths: the agreement to the legislature, appointment, annual, or leave the decision to the government

The government will not go back in the goal to raise the minimum wage to 600 euros until 2019. But, instead of fixing a value to 2017, the minister Vieira da Silva yesterday at the meeting with the social partners a different proposition – employers and trade unions have to choose one of three paths: to draw an agreement of medium-term that has as a limit the end of the legislature; to sign an agreement of short-term that generates a commitment of an annual review of the minimum wage or, if not possible, leave the decision in the hands of the government.

“Even though the value is exactly the same, is not the same thing raising the minimum wage to derive from a government decision or a government decision, supported by a decision of the social partners”, explained the minister of Labour and Social Security at the end of the meeting, underlining the importance of achieving the goal of 600 euros minimum wage in 2019 and not the goal to merge that defined in the program of the government of 557 euros in January.

Of all the partners who walked away the most satisfied of the meeting was the UGT, which, even before the meeting, underlined the need of an agreement on medium-term which has a limit of 600 euros minimum wage in 2019, which give stability to government, and which serve to silence criticism of the IMF and help to pacify the markets. “I’m going to propose in the name of the UGT openness to discuss the rise of the minimum wage until the end of the legislature. Dir-me-ão: yes or no. We don’t have anything on top of the table. It is a proposal, and the proposals are to be discussed”, said Carlos Silva, the two-hour meeting with the minister of Solidarity. The output, after three hours of debate, which reinforced what he had already said: “we will Give margin for each year is established, a value for the minimum wage. It is important to realize what is the margin of manoeuvre for companies”, said the secretary-general of the UGT to the DN/Cash.

Carlos Silva left the meeting, which is back to be resumed in mid-October, with “the idea that there is availability for an agreement in the medium term” at around the national minimum wage, considering that it is natural that “the confederations, employers seek predictability for the investment, guarantees of stability of production and fiscal support to the recruitment and political stability.”

Antonio Saraiva, the Business Confederation of Portugal (CIP), has argued, precisely, that an understanding can facilitate the recapitalization of companies, and facilitate the reversal of some measures was the troika that are still to penalize the companies. The CIP did not increase proposals to the negotiating table, but one thing António Saraiva has as right: “The economy does not support an increase to 600 euros” already in January of 2017. To accept a value that “does not have economic rationality”, the CIP requires compensation – the widening of discounts in the TSU, which will end in January, is one of the hypotheses.

The boss of the industry rejects, therefore, the proposal made by the CGTP, which asks for an increase to 600 euros already in January. “Contrary to what people may have you believe, the rise in wages is not the enemy of business”, said the secretary-general Arménio Carlos, remembering that the ” update “is an investment that people make with the return, because one of the big problems of the overwhelming majority of companies is that you do not program their production or create more jobs because they are afraid that people do not have the capacity of income to be able to consume”.

João Vieira Lopes, of the Confederation of Services (CCP), also took values closed, but left in the air the idea that to compensate for increases in the minimum wage and 5.1% in the next year, the government should move forward with economic and fiscal measures that can compensate the effort of the companies. The DN/Money Live, Vieira Lopes recalled that “with productivity growing at 1% a year, the economy moving forward in the house of 1% and inflation below 1% seems disproportionate to an increase to 557 eur”.

And as far as the preferences for an agreement? “The CCP does not open, or closes the door. The government wants us to decide on an agreement, and we will analyze it,” he explains, but assumes at the outset that the discussion of raising the minimum wage “is lagged growth of the economy and can have a negative impact on the progress of the companies.

Ghost German clouded by Wall Street – Express

Wall Street and Nasdaq end up closing in the red. This Thursday, the Dow Jones 30 has lost 1,07% and the S&P 500 decreased by 0,85%. The general index of the Nasdaq (the stock exchange of technology) dropped by 0,93%.

the volatility of The stock market, as measured by the index VIX relative to the S&P 500, rose m 15.25%. The situation of major German banks hovered over the square in New York city. On the New York Stock Exchange (NYSE), the shares of Deutsche Bank (subsidiary in the us) came the sinking 9.1% and closed with a loss of 6.7%. The market was shaken by the news from Bloomberg that 10 funds high-risk have reduced their exposure to the German giant.

The index for the financial sector, the S&P 500 Financial Index has lost 1,49%.

The increase of 2% of the price of a barrel of oil of Brent is not able to neutralize the crisis of the banking in germany and its spread to Wall Street. The price of Brent crude closed at 49,70 dollars and already went up 8% in two consecutive days because of the positive impact of the agreement on the establishment of a ceiling of monthly production in the informal meeting of the OPEC in Algiers on Wednesday.

the Fall of the Commerzbank in Frankfurt

european stocks ended close 'mixed', with Frankfurt and Zurich are closed on the ground negative. The index Eurostoxx 50, of the fifty major listed companies in the euro zone, closed slightly below the water line.

The index DAX German lost 0.3% on Thursday. Leading the falls in the square germanic was the Commerzbank, whose shares have lost this Thursday up 3.1%, and already fell by 8.1% during the week.

Deutsche Bank (DB), which has been in focus in Monday and Tuesday having lost, then, to 7.5% at the Frankfurt stock exchange, recovered by 3% in the two following sessions. Loss weekly of the largest bank in German it is 6.6%. The DB is considered by the International Monetary Fund the bank of greater systemic risk to the global scale.

According to analysts, the germans, the crisis of the DB and Commerzbank poses complex problems of political management on the part of the government of chancellor Angela Merkel. The German ministry of Finance has contradicted news reports that the federal government would be to prepare a rescue plan.

The London stock exchange topped the climbs in the major european markets, with the FTSE 100 recorded a gain of 1.02%.

The government takes advantage of the minimum wage to challenge partners to sign agreement of cooperation – the Public.en

The minister of Labour last Thursday, launched a challenge to the confederations of employers and trade unions to sign an agreement on a social pact that, in addition to the increase in the National Minimum Wage (NMW), has also associated with other aspects, such as collective bargaining or the fight against precariousness. The response of the social partners ranged from the availability of representatives of industry and of the UGT, the country’s trade and the distrust of the CGTP.

The proposal was left by Vieira da Silva in the first meeting of the Permanent Commission for Social Dialogue to discuss what should be the increase in the minimum WAGE next year.

"The Government wants to promote a settlement of the middle term with the social partners. The goal of the Government, do not hide, is to get 600 euros at the end of the legislature, to say more than that this time would be conditional upon the possibility of an agreement", said the minister from the end of the meeting, which lasted little more than two and a half hours.

The idea, she added, is that the eventual agreement could have, in addition to the evolution of the NMS, the commitments in other areas related to the salary, giving as an example the collective agreements and the legislation that regulates the precariousness.

Vieira da Silva refused to say that caveat emptor – tax, or economic – could put on top of the table, so to convince the bosses to sign the agreement. "Everything he said about the content of this agreement would decrease the possibility of it exists. Once you have the part of the partners in the manifestation of willingness to work in a medium term, the Government will make its proposals", he noted.

Of concrete values a little if you spoke up. The CGTP has reiterated his proposal of raising the minimum wage from the current 530 to 600 euros and UGT placed on top of the table 565 euros. The bosses do not put forward any proposal.

The minister of Labour referred only to the goal of 600 euros in the end of the legislature, avoiding to say if the starting point of negotiations for the next year are the 557 euros foreseen in the program of the Government and agreed with the BE and the PCP.

"Even if the value were exactly the same, is not the same thing it derive from a decision of the Government or derive from a decision of the Government, supported by a decision of the social partners," said Vieira da Silva.

"we Know what we want and where we want to go, but we are also available to listen to proposals that can enrich the approach and make a decision of the consultation on a positive factor and of social and economic stability and predictability of costs," he added.

And there will be conditions to make an agreement for medium term? The UGT says clearly that "there is availability in the mental and psychological of all", but it requires to know the value that the bosses are willing to accept in 2017.

The Business Confederation of Portugal (CIP) is also available for an agreement which does not let the partners "hostages of parliamentary initiatives”. Places, however, tags: "that contains such matters as the non-reversibility of some of the measures" and that "ware the actual situation of enterprises and the sustainability of the economy".

Antonio Saraiva, head of the CIP, leaves a warning: "The economy does not support an increase to 600 euros in 2017", as proposed by the CGTP.

Already the president of the Confederation of Trade and Services of Portugal (CCP), João Vieira Lopes, is open to dialogue. Although see as "very difficult" an agreement of medium-term, "because there is a scenario agreed by the Government, with its base of support in parliament".

The ball, he says, is on the side of the minister. "Desafiámos the Government to say what measures you can take that will lead the companies to accept to increase the NMW above" the growth of the economy and inflation.

Already the CGTP does not trust in this attempt of the agreement and argues that the essential is to know the proposals of the bosses. "Do not commit ourselves to a process in relation to which we do not know what the availability of employers to increase the minimum WAGE," said the secretary-general, Arménio Carlos.

If there is scope for an agreement in the medium term, the minister has put two more hypotheses. Or the partners agree that only the increase for 2017 – as it happened in 2016 – or so the Government takes the decision without any agreement, something that would not be unheard of.

CaixaBank is “centered” in the BPI, and departs from the New Bank – Express

"in the Face of the news published today, the CaixaBank reiterates that no comments on the process of the New Bank, and that is solely centered on offering on the BPI,” he said to the Express, the official source of the Spanish bank. The CaixaBank is the largest shareholder of BPI,with more than 45% of the capital, and have on the table a public offer of acquisition (OPA) on the Portuguese bank. Bloomberg reported on Wednesday, citing sources close to the CaixaBank, the Spanish bank will oppose the purchase of the New Bank by the BPI.

One of the big questions that arises after last week they have been desblindados the statutes of the BIS was to know if the bank led by Fernando Ulrich will present a proposal of purchase for the New Bank. A few months ago, the CaixaBank have given indications to the Portuguese authorities that it would be a candidate seriously to the New Database if the question of the tender offer if persuaded, as reported in the Express last Saturday. But everything indicates that the Caixabank, is less enthusiastic about the idea of being able to buy the old BES. The BPI is, however, one of the four groups that is evaluating the acquisition of the New Bank, in the framework of the sale process is in progress.

On the day that the desblindagem was approved on September 21, Artur Santos Silva, president of the Board of Directors of the BIS, came to reinforce the idea that the bank is interested in the New Bank. “The bank (BPI) is to seriously study this operation and will continue to study it and make decisions. The aspect that today has been resolved allows the bank to take positions when the time comes, and when it is convenient, because it is not locked in capital requirements”, advocated the founder of the BPI.

On the same day, the executive chairman of the bank Catalan, Gonzalo Gortázar stated, in Madrid, that the purchase of the majority of the BPI is an exception to the internationalization strategy of CaixaBank. And he explained why: “the banking sector is not in a time of internationalization, with acquisitions cross-border”. The priority of the CaixaBank, has said the same source, is to complete the BID and move forward with cutting costs to improve the efficiency of the BPI. Go to the New Bank would require the Catalan club to raise money in the market, and this week the CaixaBank reported that it had sold 9.9% of capital held through treasury shares, to fund the OPA. To stay with 100% of the share capital of BPI, would invest approximately €900 million.

Official: Commerzbank cuts 9.600 jobs – TVI24

The Commerzbank, which is the second largest bank in Germany and is partially nationalized, reported officially that you want to cut on 9,600 jobs, full-time, and create other 2.300 in growth areas.

The dismissal of personnel meet to the last value pointed to by the newspaper Handelsblatt, a few days ago.

Confirms that Commerzbank will not pay a dividend to shareholders this year. And the institution explains why: the restructuring plan will cost of 1,100 million euros, said the Commerzbank.

the main German bank, Deutsche Bank - which in the Uk will close 15 branches -is going through a difficult period, but because of the fine historical that the United States wants to impose on him still because of the subprime crisis, in 2008, for having sold real estate credits of low quality without informing customers.

in the Meantime, and after much speculation, the bank said that it will resolve their problems without needing help from the Government.

Portugal,

Belgium, there is another worrying news for the banking sector. The daily Sudpresse reported that the Dutch bank ING will announce, at an extraordinary general meeting of next Monday, the dismissal of 4,000 employees in this country, where plans to reduce the branch to a hundred.

The proposal, which does not include the properties <> > > > > franchisees, aims to improve the profitability of the financial institution, need the same journal francophone.

Currently, ING has 726 branches in the belgian territory, of which only one third are in that regime.

Houses vacant are going to pay three times more IMI – TVI24

The local authorities are to receive information about contracts for water, electricity and gas to know what the homes that are vacant. Once identified, the data are sent to the internal revenue service and the owners of these dwellings will have to pay IMI tripled.

The process information of the chambers on the part of the companies services have come to be automatic from this year, in a measure provided for in the State Budget.

Until tomorrow, 30 September, the authorities must be in the possession of the list the annual updated about the “absence of contracts of supply or low consumption for each building or urban fraction stand-alone”.

that is, is not enough there is a contract to which the property is not considered devoluto, it is also necessary to have consumption.

If you are low, you can constitute, according to this new system, a sign that it is not inhabited. The issue is that the range of what can be called a low consumption is not defined. Who has a holiday home, for example, will surely have a use much lower energy than the family home, throughout the year.

To which the tax is tripled it is necessary to hear the owners and the association lisbonense, which represents notes the “brutality” of the measure, because the cameras are “interested party” in the process, by which the classification of the buildings derelict should be made by another entity.

Menezes Leitão gave account to the same newspaper that has received complaints from owners who saw their IMI exacerbated the triple because, for example, “do you have a house for rent but can’t, and the camera does not take this into account”. Or the cases of those who have several fractions in the same property, only with some(s) with energy contracts.

data on homes vacant will then be sent to the internal revenue service along with the rate of IMI that the municipality decided to apply.

See also: New tax arises because IMI progressive is in the drawer

There are cameras which allow to reduce the tax in the coming year

“Yes,” the ECB is one of the five conditions to meet for Fosun to enter in the BCP – Jornal de Negócios – Portugal

The authorization of the European Central Bank and the easing of the limits of the vote in the Portuguese Commercial Bank (BCP) are still to be realised. Only with them the Fosun will enter in the capital of the bank. The negotiations, exclusive, between the investor and the bank are continuing. The results have to be presented in a next meeting of the directors of the BCP for which, officially, there is no deadline.

The administration of the financial institution met on Tuesday, September 27, and found “the favourable evolution of the already recorded as to the fulfilment of the conditions precedent to the proposed investment by Fosun was subject”. Remain, however, “conditions for verifying, among which are those relating to approvals by the entities banking supervision,” noted the statement from the bank to the Commission for the Securities Market (CMVM).

July 30, when the Fosun announced the intention of buying a 16.7% (and extend, potentially, the position of up to 30%), were soon pointed out seven major conditions for realising the investment.

what is already done

The first to be met was that of “did not need to conduct special contributions and recognition accounting immediate potential future contributions to the Resolution Fund national”. A contribution that might be required if the sale of the New Bank will be made with a high loss compared to 3.9 billion euros lent by the State to the Resolution Fund. But when the capitalization of Caixa Geral de Depósitos has been agreed, in the Summer, was clarified with the European Commission that there will be no mandatory additional, removing an obstacle from the front of the Fosun.

last week was the Government that came to the front to resolve a subject: changed the Code of the Securities to consecrate the reunification of actions. An operation that the BCP is authorized to do by the shareholders since April but only in September advances after the legal change being promoted, and with green light of Marcelo Rebelo de Sousa, in 48 hours. It is for this reason that, now, the BCP will move forward with the merger of the 75 actions in a single on October 24th. “Establishment and registration of the process of 'reverse stock split'” was the condition in question. The actions leftover from the reunion will be acquired by the BCP 2,57 cents.

what is there to do

But it is at a price lower than 2 cents per share which Fosun intends to stay with 16.7% of the share capital of BCP. That is a clause that must be met for the investment group that owns the insurance company Fidelity materializes.

There are more requirements that are yet to comply, as the BCP admits: “The approval of the supervisor of banking for the acquisition of a qualified shareholding by Fosun and the conclusion of meetings and/or discussions with the European Commission”.

For the rest, everything has to be approved by the board of directors: 1) “Approval by the board of directors proposal to be presented to the general assembly with a view to increasing to 30% of the limit on the counting of votes laid down in the statute of the BCP; 2) Approval by the board of directors, on the date of the subscription and realisation of the increase in reserved, of the co-option of at least two new members appointed by Fosun to the board of directors, which would also be the executive committee, and the board of directors come to co-opt up to a total of at least five new members appointed by Fosun to the board of directors, in context and in proportion with the increase of participation of Fosun in the BCP”.

The administration will convene a next meeting, no date has been indicated in the official statement. It is there that the executive committee under the command of Nuno Amado, after having completed the exclusive negotiations with that had to do with the group owner of the Fidelity, will present “their results for approval at the next meeting of the board of directors”.

All of this while the bank ensures that not occur to a situation that may aprovocar a “material change adversely affecting the BCP, or the proposed transaction”. It is the fifth condition, and that only if you can guarantee until the completion of the process.

Cs will be made of the merger of the shares of BCP’s?

How it will be made of the merger of the shares of BCP’s?

Oil Exporting countries will reduce production and the price of a barrel shoots – Express

The member States of the Organization of Petroleum Exporting Countries (OPEC) agreed today, in Algiers, to reduce the production of crude oil in 2017, to 32.5 million barrels per day.

This decision means a reduction of 750 thousand barrels/day in relation to the month of August, said the agency Bloomberg News, which cited a member of a delegation, who requested anonymity.

the countries of The OPEC supplying about 40% of the world’s supply of crude oil.

The decision was taken in Algiers, at an informal meeting of the organization, to discuss a possible freeze of the production and try to make up the oil quotes.

The prices of oil in New York closed higher, after it has been disclosed agreement finalized in Algiers.

The agreement should be approved in Vienna on 30 November this year.

Prices shoot up nearly 6%

The price of a barrel of Brent oil for delivery in November closed today in the futures market of London in high 5,91%, for 48,69 dollars.

The crude oil from the North Sea, of reference in Europe, ended the session at the International Exchange Futures the quote 2,72 dollars above the 45,97 with that you closed the transaction on Tuesday.

Oil rises more than 5% with output cut from OPEC – the Public.en

News that the Organization of the Petroleum Exporting Countries (OPEC) will have limits of production in effect from November led to a rush to crude oil, whose price has gone up this Wednesday.

THE OPEC represents about 42% of the world production and has 14 members, among which are Iraq, Saudi Arabia, Venezuela and Angola. The representatives of these countries gathered in Algeria and there are months that the idea of limiting production has been considered as a way of boosting prices, but the strategy had never achieved consensus between the different States.

The organization has not disclosed formally is still to the conclusions of the meeting, but the international press agencies began to advance that the several countries have decided to establish an agreement. Later, and when the decision was already given as a right in a good part of the international press, the minister of Energy of the United Arab Emirates has confirmed, on Twitter, that the countries had reached an understanding.

The barrel of brent (the North Sea oil, which is a reference world), was about 22h a rise of 6%, to 48,73 dollars (value at the beginning of this month to 45 dollars, almost touched us $ 50 in the second week). With a similar trend, West Texas Intermediate, produced in the U.S. went up a little over 5%, to 47,07 dollars per barrel.

according To the agency Bloomberg, the proposal on the table for the meeting in Algeria will cause a majority of the members of OPEC to reduce production by 1.6% compared to the average of the values between January and August. Outside of this limit will be Libya, which struggles with a civil war, and Nigeria, whose economy is striving to climb out of a recession. Also iran Will have a different limit, once that have been raised this year the economic sanctions that have allowed the country to re-export oil to the U.S. and the European Union.

Venezuela, whose economy shrank and that crosses a huge lack of liquidity, is one of the countries that has pressed for that there are ceilings to a tight production to make prices rise. On the other hand, Saudi Arabia took over up here the opposite position.

Environmental taxes are again gaining weight on tax revenue – the Public.en

taxes on goods with particular negative impact on the environment, known for taxes with environmental relevance, are the weight gain in tax revenue, show data published on Wednesday by the National Statistics Institute (INE), relative to last year.

In 2015, the year of the reform of the "green taxation", this revenue grew more than that of the whole of the taxes, and emphasized the importance of the contributions "environmentally relevant" in the amount of revenue earned by the State.

in This group include, for example, taxes on resources, energy, pollution, tobacco, rates of collection and treatment of waste, the IUC (Single Tax Movement), the ISV (vehicle) and the ISP (oil products, and energy). What happened in 2015 was a very significant increase in the revenue of the ISP (to grow 10.4%), and the ISV (the trigger by 22.8% compared to 2014). These latter three taxes are the most important for this recipe, especially the fuel tax, which is worth more than 3000 million euros.

With this growth trend, the value achieved with the environmental taxes rose by 10.7% and, to achieve 4354 million euros, returned to 2010 levels. After a break in this revenue in 2011 and 2012 (to values on the order of 3630 million and 3760 million) and a decrease of their weight in the total revenues, the trajectory in the following years was being recovery. And for the third consecutive year, revenues of this type of tax has increased, having reached a level not seen since 2010", says the INE.

But while we’re on the same level of five years ago, "in structural terms, there were some differences", note the INE, detailing that "the single tax movement increased in importance (your weight has gone up 7.3% to 12.4%), while the tax on vehicles had an opposite behavior (to 19.1% in 2010 and 13.4% in 2015)". Also the ISP has "lost relative weight (72,1% 70,5%) while the other taxes on the energy they saw his weight climb from 1.2% to 2.8%, due to the introduction of the emission of gases with greenhouse effect".

With the implementation of the reform of the "green taxation" launched by the previous Government, was created "a new tax with environmental relevance – contribution on plastic bags light, which had a global revenue of around one million euros", a residual value for the total of more than 4300 million and far short of the 40 million that were expected when the rate was released.

In relation to the taxes that are most representative for the revenue, the INE makes some notes: "the evolution of energy taxes shows a behaviour, in general, similar to that of the sales of gasolines and diesel fuel, in volume"; "with regard to taxes on the transport, verifies that the sales of motor vehicles and the tax on vehicles exhibit similar behavior"; "the IUC, which focuses on the vehicle park existing, presents a growth" several years ago, which is "explained mainly by the overall reform of car taxation in effect in 2007, "that introduced a worsening of taxation over the lifetime of the vehicle."

Are the families who most contributes to the revenue of these taxes. According to the INE, support 51.1% of the volume raised (50,6% in the case of energy and 52.7% in taxes on transport).

After the tax reform green 2015, the current Government included in the National Programme of Reforms for the legislature to revisit the measures in this area already in the budget in 2017, "encouraging behaviour that is environmentally correct and in accordance with the principle of user-pays" principle, but always in a logic of fiscal neutrality, in that the increases and tax reductions (direct or by changes in tax incentives) balance each other out in the overall amount of revenue. Tax hunting with lead was a sample given in March by the minister for the Environment, João Pedro Matos Fernandes, in an interview to the PUBLIC, such as a fee to evaluate.

Economy minister promises to boost public investment – RTP

By the end of the year, the Government will boost public investment. The promise was made by the minister of the economy, in an interview to Antena 1, in the day that he discusses in the Parliament the state of investment in Portugal.

Caldeira Cabral admits to being influenced by the european rules, but stated that there are community funds to inject in the economy until the end of the year.

The minister of the Economy, promises to give more force to the investment of the state. Vitamins for the Portuguese economy, because the private investment is recovering, but Caldeira Cabral, you want more.

Caldeira Cabral admits that the Government must do more to create jobs, but hid the measures to introduce in the State Budget for the next year.

The minister of Economy says that not everything depends on Portugal and Europe must help.

Open door to the chinese: the BCP moves forward with the merger of shares on the stock exchange – TVI24

As for the BIS, the law that opened the door to the desblindagem of the statute facilitated the TAKEOVER of CaixaBank. Now, also the decree-law on the regrouping of shares in listed companies, the diploma of the Government enacted by the President of the Republic, comes also open the door to the chinese of Fosun to advance the same to the BCP, with the board of directors of the bank to communicate that you are going to merge the actions on October 24. Everything routed in the negotiations with Fosun, which are to “continue and end” soon.

in A statement sent to the Commission for the Securities Market, prior to the opening of the bag, the BCP states the “production effect on the date of 27 September 2016 resolution by the general meeting of shareholders of 21 April 2016, decided to proceed to reunification, no reduction of the capital, of the shares of capital stock of the Bank.”

that way it will be made this fusion of actions? “Through the application of a ratio group 1:75″, that is, each 75 shares will be 1. All are covered.

The reaction on the stock exchange is to be positive: the titles have been on the rise more than 3% of the opening, and by 08:20 advancing 2% to 0,0153€. Simulating that the reunion would be with the actions in this value, each would be worth 1,1475 euros.

The titles that are left will have a counterpart – 2,57 cents for each one – “in cash to be received by shareholders for shares which do not permit the assignment of a whole number, action, value, this corresponding to the weighted average price of the shares representative of the share capital of the Bank on the regulated market Euronext Lisbon during the six months immediately preceding the date of this resolution”.

The measure will have effect on the day 24 October 2016, and the shareholders may select their lots of shares until the 21st of October.

“Through the sale and purchase of shares to obtain a total number of shares held that are a multiple of 75, in view of the reunification, being, up to this date, paid the deposit or provided guarantee in the amount corresponding to the maximum amount of the compensation to be awarded, in accordance with the law”.

in Another statement, the Banco Comercial Português informs that, in the meeting held on Tuesday by the Board of Directors has been appreciated. “in favour of the development, with substantial progress of the negotiations with Fosun Industrial Holdings Limited”.

As the leaders of the BCP found that the publication of the decree-law, on the part of Marcelo Rebelo de Sousa, which allows the grouping of actions, they saw it as a “favourable evolution” in regard to the “fulfilment of the conditions precedent to the proposed investment by Fosun was a subject”.

it Is thus open even more the way for the chinese to be with 16.7% of the capital, and admit increase participation in the Portuguese bank, up to 30%.

there are Still underlines the same press release, “conditions for verifying, among which are those relating to approvals by the entities of banking supervision”.

it is Certain that the executive committee of the BCP was mandated to “pursue and finalize exclusive negotiations with Fosun”. The idea is to present the results of this process at the next meeting of the board of directors.

The owner of the TAP want to use the air base of Montijo – TVI24

The businessman David Neeleman, one of the owners of the firm, said that it is necessary an increase of the Lisbon airport, suggesting the use of Montijo, and argued that this process must move quickly because the TAP can not wait for more.

“We need more tracks, more terminals. We have an airport that side [of the river Tagus, the base of Montijo] which must be open, because without that, we won’t be able to grow “, said today to the businessman, the consortium’s Atlantic Gateway, the private shareholder of the firm.

“Until the next year we have many things we want to do, what we could do, but we will not be able to do,” said the responsible person, which is already on the sidelines, he defended the journalists explicitly the solution Portela + 1, referring to the fact that in Montijo could be the companies budget, such as Easyjet and Ryanair, while the TAP (including TAP Express) would be left with the enjoyment of the terminal 2 of the airport of Portela.

Neeleman defended even so, all the companies would gain space to grow their operations, especially at peak times.

At the conference, Neeleman also said that since the ANA – Airports of Portugal, it was privatized that the costs for the TAP already rose 20%, but that there has been no major investment in the airport and that it is time to begin to do.

The businessman told reporters that three years, the time that talking to increase the the airport, it is too much for the airline company which is the controlling shareholder.

“We don’t have three years”, concluded.

The Government has included in the proposal of the great options of the plan for 2017 the decision on the future of the Lisbon airport, which can pass by its expansion or by the existence of an infrastructure that is complementary.

In the document, that the Lusa had access last week, it is stated that “the Government has started, in 2016, the assessment studies of the future capacity of the Airport Humberto Delgado, so that, during the year 2017, to be taken the necessary decisions on this matter”.

The airport of Lisbon has surpassed the barrier of 20 million passengers in 2015, a rise of 10.7% compared to the previous year, according to data published by ANA – Airports of Portugal, in January.

At the time, the minister of Equipment and Infrastructure, Pedro Marques, highlighted that this number of passengers raises new challenges, adding that a team was studying all the details concerning the option of Montijo as a solution to respond to the increased demand of passengers.

The executive president of TAP, Fernando Pinto, also had already publicly stated that it considers that the Air Base of Montijo is the “only possible solution” to cope with the bottleneck of the airport of Lisbon.

David Neeleman said that the TAP needs to cut costs, but that will make for efficiency and not for dismissal, referring to the fact that the company may not be based on results in the low oil price.

“The people thought that we were going to cut salaries, not people, this is the new active. When we say that we have to save 150 million euros, with efficiency,” said at the Summit of the Portuguese Tourism, which was held in Lisbon.

The businessman the brazilian and north-american have underlined that “the TAP has to strengthen to the results improve” and that they “have to improve” because the company can’t continue as it is today.

Asked on the sidelines of the Summit, about how much more time the TAP handle with the results that you have, Neeleman replied that the airline can handle while the barrel of fuel is below 50 euros, but that the company can’t count on that for the future, because the price will inevitably go up sooner or later, so you have to reorganize.

During the summit, the entrepreneur had already said that, in 2016, TAP will have already saved more than 200 million euros in jetfuel, in the face of 2015.

The owner of the TAP want to use the air base of Montijo – TVI24

The businessman David Neeleman, one of the owners of the firm, said that it is necessary an increase of the Lisbon airport, suggesting the use of Montijo, and argued that this process must move quickly because the TAP can not wait for more.

“We need more tracks, more terminals. We have an airport that side [of the river Tagus, the base of Montijo] which must be open, because without that, we won’t be able to grow “, said today to the businessman, the consortium’s Atlantic Gateway, the private shareholder of the firm.

“Until the next year we have many things we want to do, what we could do, but we will not be able to do,” said the responsible person, which is already on the sidelines, he defended the journalists explicitly the solution Portela + 1, referring to the fact that in Montijo could be the companies budget, such as Easyjet and Ryanair, while the TAP (including TAP Express) would be left with the enjoyment of the terminal 2 of the airport of Portela.

Neeleman defended even so, all the companies would gain space to grow their operations, especially at peak times.

At the conference, Neeleman also said that since the ANA – Airports of Portugal, it was privatized that the costs for the TAP already rose 20%, but that there has been no major investment in the airport and that it is time to begin to do.

The businessman told reporters that three years, the time that talking to increase the the airport, it is too much for the airline company which is the controlling shareholder.

“We don’t have three years”, concluded.

The Government has included in the proposal of the great options of the plan for 2017 the decision on the future of the Lisbon airport, which can pass by its expansion or by the existence of an infrastructure that is complementary.

In the document, that the Lusa had access last week, it is stated that “the Government has started, in 2016, the assessment studies of the future capacity of the Airport Humberto Delgado, so that, during the year 2017, to be taken the necessary decisions on this matter”.

The airport of Lisbon has surpassed the barrier of 20 million passengers in 2015, a rise of 10.7% compared to the previous year, according to data published by ANA – Airports of Portugal, in January.

At the time, the minister of Equipment and Infrastructure, Pedro Marques, highlighted that this number of passengers raises new challenges, adding that a team was studying all the details concerning the option of Montijo as a solution to respond to the increased demand of passengers.

The executive president of TAP, Fernando Pinto, also had already publicly stated that it considers that the Air Base of Montijo is the “only possible solution” to cope with the bottleneck of the airport of Lisbon.

David Neeleman said that the TAP needs to cut costs, but that will make for efficiency and not for dismissal, referring to the fact that the company may not be based on results in the low oil price.

“The people thought that we were going to cut salaries, not people, this is the new active. When we say that we have to save 150 million euros, with efficiency,” said at the Summit of the Portuguese Tourism, which was held in Lisbon.

The businessman the brazilian and north-american have underlined that “the TAP has to strengthen to the results improve” and that they “have to improve” because the company can’t continue as it is today.

Asked on the sidelines of the Summit, about how much more time the TAP handle with the results that you have, Neeleman replied that the airline can handle while the barrel of fuel is below 50 euros, but that the company can’t count on that for the future, because the price will inevitably go up sooner or later, so you have to reorganize.

During the summit, the entrepreneur had already said that, in 2016, TAP will have already saved more than 200 million euros in jetfuel, in the face of 2015.

Facebook at Work: social network for businesses arrives in October, says the site – Globo.com

Facebook at Work is a version of the social network especially designed for business — and it promises to be the newest rival of the LinkedIn. According to information released by the site, The Information, and confirmed by sources from TechCrunch on Tuesday (27), it is possible that the platform is released in final version in October of this year. The idea is that people communicate for business matters and the payment for the use of this platform would be the monthly, for each active user, as the director of Facebook at Work, Julien Codorniou. In addition, would be present feature messenger, with calls in both video and audio.

the List shows 12 ways to steal your password for Facebook; secure-

free Download app Youtube: get tips and technology news in the Android or iPhone

The Facebook at Work is not new for many users, since in 2014 there are rumors about its release for professional contacts. Even one of the factors that has been highlighted would be the limitation of online games, such as Candy Crush, keeping the interaction focused between work colleagues. The tests began in January 2015 with corporate partners, in an application that was made available to Android and iPhone (iOS).

Facebook for Businesses

The novelty this time is that the final version of "Facebook for Business" would be released finally to more customers, so commercial. The interface promises to be very similar with the "traditional", showing the News Feed, timeline, profile with professional data, send messages, search for users, cover photo and albums. This makes it easy to usability, since many people are already accustomed to the look of Facebook.

How do you know whom I deleted from Facebook? ask your questions in the forum!.

Facebook at Work without ads

One difference is on account of resources more "private", as the data is not traceable and the absence of ads. The profile is separate to matters of work, without mixing with your staff. For Facebook, one of the advantages would be to raise extra profit, using something in addition to advertising.

for those who are excited with the newness, it will be necessary to still wait for an official announcement about the Facebook Work, that still does not have exact launch date, only a forecast for the "next month". We do not know in which countries it will be possible release of the service.

Via TechCrunch, The Information

Is Deutsche Bank the “litmus test” for the rules of the european banks? – The public.en

With the shares falling over 20% since the beginning of the month, facing the threat of a fine of 14 billion dollars in the United States and with more and more analysts finding signs of fragility in their accounts, Deutsche Bank is now the new focus of the crisis in the european banking sector. And could even be the litmus test for the new banking rules in the euro area, criticized in countries such as Italy and Portugal, but up to now defended with determination by Germany.

The questions surrounding the largest German bank (and one of the largest in the world) there are practically from the beginning of the financial crisis. But in the last few weeks adensaram with the news that the regulatory authority of the financial system in the United States is preparing to require Deutsche Bank to pay damages of 14 billion euros for its role in the outbreak of the international financial crisis in 2008.

This potential fine, although it may still be subject to a negotiation, it is an amount so high that it would be able to put the German bank is in serious difficulties to continue to comply with the capital ratios that they are required. This even in a scenario in which the fine would remain considerably below the 14 billion now required, because of issues such as the exposure of Deutsche Bank to the derivatives markets continue to haunt the financial health of the banking institution.

that Is why, in the markets, it seems to be at this point a given that Deutsche Bank will have to strengthen in the coming times, their capital. It is what it claims, for example, an analyst of an investment firm international, quoted by the Financial Times: "Virtually everyone is now convinced that [the Deutsche Bank] will have to strengthen their capital. They had no margin for error, I don’t see how that can avoid".

This need for increased capital, which would dilute the amounts held by the current shareholders, is the main reason why the actions of the bank have been to lose a large part of its value in the stock markets. Since the beginning of the year, the securities of Deutsche Bank dropped by more than 50%, with the fall to reach more than 20% during this month.

The climate of uncertainty in the markets even more serious if it makes it this time because there still remains the question about how is it that this capital increase may be done. The hypothesis preferred by the directors of the bank and by the authorities is, of course, obtain this capital with private investors. There are those who indicate that Deutsche Bank has as a cushion of safety a volume large of debt securities that may be converted into shares, helping to bring the ratios to healthy levels if necessary.

The problem is if this money coming from the private does not arrive. Will be that there would be no public money available to help?

The first answer given by the German Government during this week seemed to indicate that the availability is not much. "There is no basis for a speculation of this kind," said the spokesman of the government led by Angela Merkel when asked about the possibility of a public intervention in the Deutsche Bank. The own chancellor chose on Tuesday not to make comments on the subject.

at The same time, Hans Michelbach, a prominent member of the party of Merkel, took a position much more clear. "It is unimaginable that came to help the Deutsche bank with taxpayer money. This would lead to a protest of public opinion," he said cited by Bloomberg.

These signals from Berlin have also created more nervousness in the markets, since they put into question the idea many years ago, consolidated that Deutsche Bank is "too big to fail" and that the German State will always by the rescue, in case of need.

The point is that, for Merkel, the issue is not only in the reaction to the opinion in the German public could have to a rescue. Since the beginning of the year, came into force the new rules for the banking sector in the euro area that do not allow that to occur to a capital injection by the State before the shareholders, creditors and even large depositors take their losses.

Until now, Germany has shown itself, before the call for greater flexibility in the rules made by other countries, especially Italy, as the great advocate of the new regime. A change of opinion sharp just to save the Deutsche Bank could be a fatal blow to the legitimacy of Germany to ask that other countries comply with these and other rules.

To Angela Merkel, this would be a difficult challenge. As recently stated in the IMF, the Deutsche Bank is "the bank contributes to systemic risk" and this means that a scenario of losses to shareholders and creditors could have a very significant impact on the rest of the world financial system. This time, Merkel would have to decide if I was willing to risk making Deutsche Bank a "Lehman Brothers european" or if he preferred to sacrifice, with high political costs, the banking rules in europe.

Camera White Castle approves the application of the minimum rate in the IMI – Digital Diary

“The town Hall of Castelo Branco approved at an extraordinary meeting of the municipal executive the maintenance of the rate of IMI of 0.3%, an application of the minimum rate laid down in the law that the municipality albicastrense maintains there are already several years”, says in a statement the municipality of Castelo Branco.

The executive also approved the application of discounts on Municipal Property Tax (IMI) for families with children.

“THE IMI Family will entail a lump-sum allowance, in accordance with the household. Thus, the deduction will be 20 euros, for families with one dependant, € 40 for families with two dependent and 70 euros for families with three or more dependents,” reads the announcement.

The municipality explains that, after the communication of the decision to the Tax Authority (AT), the mechanism of allocation of the deductions is automatic, without the need for any procedure on the part of the taxable persons who meet the requirements to enjoy this tax benefit.

the Digital Money with Lusa