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Economy

Luxembourg, Ireland, Netherlands among worst tax havens

A report published by the charity non-governmental organization OXFAM exposes the worst offenders in the ‘race to the bottom on corporate tax.’ Luxembourg, Ireland, Cyprus, and the Netherlands are among the world’s 10 worst tax havens, despite an ongoing EU crackdown on tax avoidance and profit shifting across the bloc. …

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German conservative MPs threaten to exit Greece’s program

Leading deputies of the ruling CDU/CSU Union responded with sharp criticism to the announcement by Eurogroup CEO, Jeroen Dijsselbloem, that the International Monetary Fund (IMF) will not participate in the third aid package for Greece by the end of the year. Speaking to Bild Zeitung, deputy chairman of parliamentary group …

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IMF wants open shops throughout Greece on 52 Sundays per year

The International Monetary Fund insists on opening shops on Sundays all through the year, claiming to boost competitiveness and the ‘wise” tool kits of the OECD. According to daily To Ethnos, the IMF submitted its demand to the Greek government last Friday via an e-mail. the IMF demanded the opening …

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Why are EU & Eurozone partners afraid of Dr Schaeuble?

At the Eurgorup meeting on Monday, Germany won. There will be no program review for Greece this year. Athens has to wait until it could be able to sell bonds to the European Central Bank’s quantitative easing scheme and return to the markets. The stalemate allegedly left Greece’s allies among its …

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Greece’s Govt says Eurogroup decision “will lower debt by more than €45billion”

The short-term measures announced by the Eurogroup on Monday will lower Greece’s debt by more than 45 billion euros, while rates were set at 1.5 percent, government sources said on Monday, commenting on the meeting of Eurozone’s finance ministers in Brussels. “It is a national success,” the same sources said, …

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Schaeuble: Greece must reform or leave the eurozone

Greece must reform or leave eurozone. German finance minister Wolfgang Schaeuble o000mmed his favorite mantra and ruled out  debt relief for Greece before on Sunday. Just hours before the Eurogroup meeting to discuss the second review of the third bailout program -and the Italian slap in the face of the  …

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Schaeuble agrees on short-term measures for Greece’s Debt Relief

The European Stability Mechanism (ESM) is currently working on proposals for the implementation of the agreed short-term measures regarding the Greek debt relief, Dennis Kolberg, the spokesman of German Finance Minister Wolfgang Schaeuble, said in exclusive statements to the Athens-Macedonian News Agency. “Eurogroup agreed on May 24 to take short-term …

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German Finance Ministry supports EZ’s Debt Relief plan for Greece

The euro-zone member states are planning a new round of debt relief for Greece that would allow the country to profit from low interest rates, Handelsblatt has learned. The currency union’s bailout fund, the European Stability Mechanism or ESM, would secure Greece against rising rates by offering the country bonds …

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ESM proposals could reduce Greece’s debt by a fifth in 2060

Confidential proposals drawn up by the eurozone’s bailout fund European Stability Mechanism could reduce Greece’s debt load by about a fifth in 2060. The six -page document, dated November 25th 2016, outlines measures that that could be taken in the near future to reduce Greece’s large debt load. According to …

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64% of Greeks want to set up their own business

64 percent of Greeks want to become businessmen, Amway said its seventh annual global survey released on Tuesday. The survey, conducted in cooperation with the Tech University of Munich, records public trends on entrepreneurship throughout Europe, including Greece. Compared with 2015, Greek respondents were less positive towards entrepreneurship (64 pct) …

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ECB’s Draghi: Solution for Greek Debt is in the interest of the Eurozone

A solution for the Greek Debt is in the interest of the eurozone, chief of the European Central Bank, Mario Draghi said on Monday, speaking at the Economic and Monetary Committee of the European Parliament. Answering a question posed by Giorgos Kyrtsos, MEP of conservative New Democracy, Draghi stressed  that …

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FinMin Tsakalotos admits: Creditors push for more austerity measures for 2019-2020

Without conclusion of the second program review there will be no discussion on debt neither we will enter ECB’s Quantitative Easing and consequently return to the markets. This dramatic warning came from Greece’s Finance Minister Euclid Tsakalotos on Monday. Speaking at the conference “Time for the Greek Economy” in Athens, …

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ECB’s Coeure: Europe’s success in dealing with Greece is Europe’s success in …

“Europe’s success in dealing with Greece is Europe’s success in dealing with itself,” European Central Bank (ECB) Executive Board Member Benoît Cœuré said in Athens on Monday, while failure to support Greece will also be a failure to support itself. He noted that Greece had made a lot of progress …

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One-Stop Agency: Greece tries again to facilitate starting a business

For one more time, Greece tries to overcome bureaucracy and facilitate starting a business without having to go around through half of Attica prefecture if you’re an aspiring entrepreneur living in Athens. It is not the first time, Greece tries to make the life of business world easy. A couple …

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