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Greece
Bans Protests During Schäuble Visit; Country Needs Another €10
Billion; Expect More Haircuts
"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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