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 ...

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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 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.

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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 »

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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 »

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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 »

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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 »

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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 »

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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 »

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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 ...

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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.

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Farm living a lifeline in Greece

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

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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 ...

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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 ...

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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.

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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 »

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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.

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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 ...

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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 »

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Europe moves to unify banks, help Greece

Europe moves to unify banks, help Greece

Los Angeles Times


Copyright 2012 Los Angeles Times. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Published 11:02 pm, Thursday, December 13, 2012

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.

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