Wednesday, 10 February 2010

Worth reading today

Germany building Greek firewall
The Financial Times reports that German policymakers are looking into the danger of a flight from Greek government bonds turning into a flight from eurozone bonds in general. Officials spoke vaguely about trying to insulate themselves from the Greek phenomenon, not bailing Greece out, without specifying details.
http://www.ft.com/cms/s/0/83de2cae-15a9-11df-ad7e-00144feab49a.html?nclick_check=1
The markets' sensitivity to Greek default fears remained as high as ever, as yesterday's positive trading showed.
http://www.ft.com/cms/s/0/9f177262-160f-11df-8d0f-00144feab49a.html


The new tax code
The socialist government is increasing high-end income tax brackets, offshore company tax and taxes on fuel and luxuries, among other measures. A controversial measure is making half the tax-free threshold of 12,000 euros contingent on taxpayers gathering thousand of euros' worth of sales receipts. Daily Eleftherotypia offers a summary of the measures announced today, and due to be voted before the end of the month.
http://www.enet.gr/?i=news.el.oikonomia&id=130645

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