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.
The markets' sensitivity to Greek default fears remained as high as ever, as yesterday's positive trading showed.

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.

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