Search Results for: tax
Greece Enters Fateful Week as Talks End Fruitlessly
June 15th, 2015
Greece enters what could be a defining week after last-ditch negotiations between representatives of the Greek government and its creditors collapsed on Sunday. The euro dropped as the European Commission said the talks in Brussels had broken up after ...
Switzerland Rules Out FTA With EU
June 12th, 2015
The Swiss Federal Council has concluded that a free trade agreement with the European Union (EU) would be a step backwards and cause uncertainty. The Council was responding to the postulate of Council of States member Karin Keller-Sutter. The ...
EU and IMF sign an Agreement for a €8 million Fiscal Reforms Program in Southeastern Europe
June 12th, 2015
The European Union (EU) and the International Monetary Fund (IMF) signed a grant agreement for a €8 million (US$9 million) capacity development program on fiscal reforms in Southeastern Europe (SEE). IMF Deputy Managing Director Carla Grasso made the following ...
Brussels talks halted as pressure on Greece mounts
June 12th, 2015
The International Monetary Fund has withdrawn its delegation from negotiations in Brussels aimed at breaking an impasse and unlocking crucial loans, citing significant differences with the Greek side following another round of talks between Prime Minister Alexis Tsipras, German ...
Fast Facts about the Debt Crisis in European Countries
June 11th, 2015
Here’s a look at the European Debt Crisis which has affected the countries of Cyprus, Greece, Ireland, Italy, Portugal and Spain. Cyprus: July 11, 2011 – A munitions explosion at a naval base kills 13 people and destroys the ...
RBNZ: Official Cash Rate reduced to 3.25 percent
June 11th, 2015
Statement by Reserve Bank Governor Graeme Wheeler: The Reserve Bank of New Zealand today reduced the Official Cash Rate (OCR) by 25 basis points to 3.25 percent. Growth in the global economy remains moderate. Data on economic activity in ...
RBS Stake Sale by U.K. Government to Begin in Coming Months
June 11th, 2015
Chancellor of the Exchequer George Osborne said he’ll start returning Royal Bank of Scotland Group Plc to private ownership in the “coming months,” even though it may cause a loss for U.K. taxpayers. Shares will be sold to institutional ...
PM Tsipras hopes for breakthrough in talks with Merkel, Hollande in Brussels
June 10th, 2015
Greek Prime Minister Alexis Tsipras is due in Brussels on Wednesday with the key goal of meeting German Chancellor Angela Merkel and French President Francois Hollande on the sidelines of a summit of leaders from European Union and Latin ...
Leaders push for deal as creditors await revised Greek proposals
June 9th, 2015
Representatives of Greece’s creditors were on Monday awaiting revised proposals from Athens as international pressure mounted for a reform deal, with US President Barack Obama and German Chancellor Angela Merkel pushing for swift action to clinch an agreement. In ...
Japan’s revised Q1 growth blows past expectations
June 8th, 2015
Japan posted stronger-than-expected growth in the first quarter as a pickup in capital spending drove the world’s number three economy, but some economists warn that the recovery could be short-lived. The 1.0% expansion in January-March—or 3.9% on annualised basis—was ...
