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Friday, December 14, 2012

New Greece tax bill awaits parliamentary approval | Business | DW.DE | 14.12 ...


Deutsche Welle

New Greece tax bill awaits parliamentary approval | Business | DW.DE | 14.12 ...
Deutsche Welle
New Greece tax bill awaits parliamentary approval. Greece has submitted a new tax bill to parliament in a bid to secure higher government income in the years ahead. The draft law does away with many tax exemptions and raises rates across the board.
Greece aid clears final hurdle - Dec. 13, 2012CNN
Greek Legislators Introduce Tax Reform Bill - NYTimes.comNew York Times
HEARD ON THE STREET: Greece Steps Away From 'Grexit' - WSJ.comWall Street Journal
BBC News -Reuters UK -Globe and Mail
all 363 news articles »

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Why Greece's Creaky Trains Have Become the Transit Option of Choice


The Atlantic Cities

Why Greece's Creaky Trains Have Become the Transit Option of Choice
The Atlantic Cities
Rail traffic between Greece's two biggest cities - Athens and Thessaloniki - surged by 33 percent in the first 11 months of 2012, even if the night train plying that route is jokingly called "Karvouniaris" (coal-fired) to suggest it is slow and noisy ...


READ THE ORIGINAL POST AT www.theatlanticcities.com

The Associated Press: Merkel: Crisis could weigh on Europe for years


Deutsche Welle

The Associated Press: Merkel: Crisis could weigh on Europe for years
The Associated Press
BRUSSELS (AP) — German Chancellor Angela Merkel says Europe will continue to suffer from slow or no growth and high unemployment next year — and maybe beyond. Her comments in Brussels on Friday appeared aimed at damping hopes for a quick ...
Eurozone crisis live: Merkel warns 2013 will be 'tough' as Summit ends with little ...The Guardian (blog)
Investors bet on euro assets in 2013 despite riskReuters
Spain Could Be Beneficiary of Solidarity Fund, Merkel SaysBloomberg
Financial Times -gulfnews.com -MNI News
all 327 news articles »

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Spain's house prices keep tumbling

Spain's Prime Minister Mariano Rajoy arrives for a round table meeting at an EU summit in Brussels on Thursday, Dec. 13, 2012. In one whirlwind morning, the European Union nations agreed on the foundation of a fully-fledged banking union and Greece’s euro partners approved billions of euros in bailout loans that will prevent the nation from going bankrupt. (AP Photo/Geert Vanden Wijngaert)Spain's ailing property market showed little sign of recovery Friday, with the latest figures showing house prices were down some 15 percent in the third quarter.



READ THE ORIGINAL POST AT news.yahoo.com

Cyprus's Woes 'More Serious Than Greece,' Juncker Warns


Cyprus's Woes 'More Serious Than Greece,' Juncker Warns
Businessweek
The fiscal situation in Cyprus, the fifth euro-area nation to seek international aid, is “more serious than Greece,” a danger overlooked by markets, Luxembourg Prime Minister Jean-Claude Juncker said. “My priority in the short-term for 2013 is Cyprus ...

and more »

READ THE ORIGINAL POST AT www.businessweek.com

The Euro Will Not Collapse, Neither Will Greece Exit the Euro


euronews

The Euro Will Not Collapse, Neither Will Greece Exit the Euro
Huffington Post (blog)
For two years, U.S. economists and market specialists have been announcing the collapse of the Euro. In a famous post in the New York Times, Paul Krugman announced in May the Eurodammerung. He was referring and added the famous scene of ...
Merkel makes rousing Bundestag speech praising Greece debt reduction effortseuronews
EU delays euro fix after deal on Greece, banksBusiness Recorder
Europe's Headway on Greece, Banks Masks Deeper DivisionsBloomberg
MNI News
all 359 news articles »

READ THE ORIGINAL POST AT www.huffingtonpost.com

EUR/USD Eurogroup releases bailout funds to Greece


EUR/USD Eurogroup releases bailout funds to Greece
OANDA Forex (blog)
After months of uncertainty, the ongoing Greek debt saga appears to be moving in the right direction. Eurozone finance ministers finally agreed to release the second installment of bailout funds to Greece. At a meeting in Brussels on Thursday, the ...

and more »

READ THE ORIGINAL POST AT forexblog.oanda.com

Germany to set up Greek investment fund


The Local.de

Germany to set up Greek investment fund
The Local.de
German Economy Minister Philipp Rösler told a joint news conference with Greek Development Minister Kostis Hatzidakis that they aimed to work together to create a development fund to support Greece's economy. Neither minister gave a figure for how ...

and more »

READ THE ORIGINAL POST AT www.thelocal.de

After EU summit, Samaras eyes 50bln reduction of Greek debt via ESM recap


Kathimerini

After EU summit, Samaras eyes 50bln reduction of Greek debt via ESM recap
Kathimerini
Brussels - Greek Prime Minister Antonis Samaras has suggested that the decision of European Union leaders to rubber stamp agreements on measures to form a banking union gives hope to Greece that it could reduce its debt by another 50 billion euros of ...
Greek tax reform bill to tax capital gains on sharesReuters UK
Evaggelos Vallianatos: The Greek LessonHuffington Post
Greek PM: Greece Has Major Chance to Grow - WSJ.comWall Street Journal
Zee News -Deutsche Welle
all 350 news articles »

READ THE ORIGINAL POST AT www.ekathimerini.com

EU chiefs pledge €49bn for Greece and new banking body


Irish Times

EU chiefs pledge €49bn for Greece and new banking body
Irish Times
European Union leaders have pledged to create a body with the authority to restructure or close down banks in trouble and to give Greece €49.1 billion in desperately needed bailout funds. The leaders meeting in Brussels said bank wind-downs should be ...

and more »

READ THE ORIGINAL POST AT www.irishtimes.com

Germany suspends returning asylum seekers to Greece for 2nd year to ease pressure on EU ally

BERLIN - Germany has decided to hold off for a second consecutive year on sending asylum seekers back to Greece in an effort to relieve pressure on its European Union partner as it reforms its asylum system.

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Greek bank recap from rescue fund would cut debt further -PM


Greek bank recap from rescue fund would cut debt further -PM
Reuters
BRUSSELS Dec 14 (Reuters) - Directly recapitalising Greek banks through the euro zone's permanent rescue mechanism (ESM) rather than through loans could help cut the country's debt by 50 billion euros, Greek Prime Minister Antonis Samaras said on ...


READ THE ORIGINAL POST AT www.reuters.com

New Greece tax bill awaits parliamentary approval

Greece has submitted a new tax bill to parliament in a bid to secure higher government income in the years ahead. The draft law does away with many tax exemptions and raises rates across the board.

READ THE ORIGINAL POST AT www.dw.de

Farm living a lifeline in Greece

Greece's financial crisis causing some to leave cities for rural living, as CNN's Diana Magnay reports.

READ THE ORIGINAL POST AT edition.cnn.com

EU scores a hat-trick with Greek, banking deals and Nobel but challenges remain


EU scores a hat-trick with Greek, banking deals and Nobel but challenges remain
Minneapolis Star Tribune
After months of bitter debate, European Union finance ministers finally reached two crucial agreements Thursday: They found a compromise to create a single supervisor for their banks — a major step toward lessening the damage struggling lenders can ...


READ THE ORIGINAL POST AT www.startribune.com

TRNC May Provide Economic Assistance to Greek Cypriots


TRNC May Provide Economic Assistance to Greek Cypriots
Journal of Turkish Weekly
PM of the Turkish Republic of Northern Cyprus (TRNC) Irsen Kucuk said that "if the Greek Cypriots apply to the TRNC for economic assistance, we would convey their wish to our motherland Turkey without wasting time." LEFKOSA -- Irsen Kucuk said that "to ...


READ THE ORIGINAL POST AT www.turkishweekly.net

Greece Unveils New Tax Bill

The legislation, which has already incited protest, looks to raise $3.25 billion from middle-income families, self-employed professionals and farmers.


READ THE ORIGINAL POST AT www.nytimes.com

Greece seeks 2.5 billion euros in new tax revenues


Greece seeks 2.5 billion euros in new tax revenues
Chicago Tribune
ATHENS (Reuters) - Greece has formally unveiled a bill to boost tax revenues under the terms of its international bailout, part of a two-pronged attack to get its citizens and firms to pay their way. The planned measures are estimated to increase tax ...
Greece Proposes New Tax Bill In Parliament - WSJ.comWall Street Journal

all 7 news articles »

READ THE ORIGINAL POST AT www.chicagotribune.com

EU summit delays decision on ‘solidarity fund’





afp










European leaders meeting in Brussels delayed making a concrete decision on creating a eurozone "solidarity fund" until the middle of next year, a day after reaching a landmark deal on banking supervision and releasing aid to Greece.





READ THE ORIGINAL POST AT www.france24.com

Greece gets new EU aid, declares "Grexit" era dead


Greece gets new EU aid, declares "Grexit" era dead
Reuters
The deal averts a catastrophic default and secures Greece's survival in the euro zone after months of doubt and political turmoil. Athens had repeatedly missed fiscal targets agreed with the EU and the International Monetary Fund, and stalled ...


READ THE ORIGINAL POST AT www.reuters.com

Greek debt-relief debate flares after release of fresh aid


Business Times (subscription)

Greek debt-relief debate flares after release of fresh aid
Kathimerini
European governments geared up to provide extra aid or debt relief for Greece after releasing the country's first loan payment in six months, signaling renewed battles over how to stabilize the euro economy. Euro-area finance ministers approved the ...
IMF's Lagarde: Will Recommend Greek Debt Deal to Board - WSJ.comWall Street Journal
IMF Says Europeans Won't Let Greek Debt Expand Beyond TargetBloomberg
Euro zone support key for credible Greek program - IMFReuters
MSN Philippines News -Business Times (subscription)
all 134 news articles »

READ THE ORIGINAL POST AT www.ekathimerini.com

Europe moves to unify banks, help Greece





European officials Thursday took two more steps in their fight against the region's lingering debt crisis, agreeing on a deal to put big banks under the oversight of a single supervisor and releasing desperately needed loans for Greece to pay its mounting bills.

The plan to have the European Central Bank supervise the eurozone's major financial institutions lays the foundation for a deeper "banking union" across the 17-nation currency bloc, or a harmonization of rules governing the finance sector.


READ THE ORIGINAL POST AT www.sfgate.com