Calendar of Economic Events. Second Quarter 2016

In the UK, the voters' choice to leave the European Union caught political institutions off their guard. The debt relief for Greece called for by the International Monetary Fund was rejected by the euro donor countries. The Panama Papers disclosures illuminated legal and illegal practices of offshore service providers. – After Werner Faymann's resignation, Christian Kern succeeded to the post of Austrian chancellor. The terms for the HETA creditors were to be improved by a memorandum of understanding concluded with the Republic of Austria which, if accepted, would grant creditors a dividend of 90 percent.