Financial markets are betting heavily that Greece's crushing debt could drag
down the entire eurozone, and that could force reluctant EU leaders into an
embarrassing bailout. If EU leaders don't take some kind of decisive action
this week at their summit meeting, the euro could continue its
The plan will lower the threshold for paying the highest tax rate of 40 percent
to 60,000 euros ($82,700) from 75,000 euros. The corporate tax rate will
gradually be lowered to 20 percent from 25 percent, while dividends will be
taxed at 40 percent compared with 10 percent now. The changes will
The plan will lower the threshold for paying the highest tax rate of 40 percent
to 60,000 euros ($82,700) from 75,000 euros. The corporate tax rate will
gradually be lowered to 20 percent from 25 percent, while dividends will be
taxed at 40 percent compared with 10 percent now. The changes
The New York-based firm, run by former Apollo Management LP partner Michael
Gross , declined 4.9 percent to $17.59 as of 12:02 p.m. in New York trading.
The company sold 5 million shares for $18.50 apiece after asking investors to
pay as much as $21 each, a Jan. 27 filing with the Securities
Greece's European partners are under pressure to approve a financial aid
mechanism for Athens and are to convene at a summit on Friday in Brussels. The
Greek fiscal debacle is expected to figure prominently at the talks, with the
EU wanting to avoid the intervention of the International
Click to enlarge photo Labour Minister Andreas Loverdos said men and women will
retire at 63 on average in a bid to save Greece's cash-strapped pensions
system, as other ministers met for a second day to finalise the country's new
tax policy. "There will be a
The advance pushed the Greek 10-year bond yield down the most since at least
1998, when Bloomberg began collecting the data. Trichet will leave a gathering
of policy makers in Sydney a day early today to attend a summit of European
Union leaders, ECB spokeswoman Regina Schueller said. Greek
European Commission President Jose Barroso won approval for a team that
features Olli Rehn as economy commissioner, Michel Barnier as
financial-services chief and Joaquin Almunia as head of competition. The
European Parliament gave its backing today in Strasbourg, France, amid
European Commission President Jose Barroso won approval for a team that
features Olli Rehn as economy commissioner, Michel Barnier as
financial-services chief and Joaquin Almunia as head of competition. The
European Parliament gave its backing today in Strasbourg, France, amid investor
Portugal plans to issue 10-year notes in euros, according to two bankers
involved in the transaction. Barclays Capital, Banco Espirito Santo SA, Credit
Agricole CIB, Goldman Sachs Group Inc. and Societe Generale SA are managing the
sale, said the bankers, who declined to be identified before the
The plan will lower the threshold for paying the highest tax rate of 40 percent
to 60,000 euros ($82,700) from 75,000 euros. The corporate tax rate will
gradually be lowered to 20 percent from 25 percent, while dividends will be
taxed at 40 percent compared with 10 percent now. The changes will
