Saturday 20 July 2013

The economy

Economic News





"Greece on Wednesday passed a divisive bill that will eliminate thousands of public-sector jobs but help the debt-strapped nation qualify for billions in bailout money from international lenders."




"In the midst of the crisis, Madrid's regional government and city administration are hawking their treasures and altering ordinances in order to make the Spanish capital more attractive to investors. The Spaniards are even selling the names of subway lines."





"Nine insurers from around the globe have been deemed as posing risk to the global financial system by a panel of the Group of 20 leading economies."


"If we were to tighten policy, the economy would tank."

"The world is on the brink of 'global tax chaos' says a report released by the OECD Friday, which warns that global corporations have become nearly stateless entities, avoiding taxation in rich and poor countries alike."







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