The exception is Spain, which actually raised its value-added tax (VAT) to 21% from 17% back when they were getting a bailout . They had to do something, because their sales dropped by 67%. So, given that their sales were down so much with their
* Athens seeking to finish bailout review by early December
ATHENS, Oct 24 (Reuters) - Greece is pressing its EU/IMF lenders to exclude a contentious pension reform plan from the backlog of reforms it must complete before exiting its bailout programme, in a...
* New regime would have avoided taxpayer bailout of RBS (Adds detail, comment)
trouble. (The more realistic goal is to avoid investing one's way into trouble.) Planning for unusual gains that will bail out lower savings rates, based on the ability to select better stocks, or funds, or asset classes, is a triumph of hope over
* U.S.-based Centerbridge Partners to provide loans, raise stake
call options on these businesses. Following a near-20% gain on his Sony ( SNE -0.5% ) investment, Loeb decided to bail out . Though approving of Sony's restructuring efforts , he thinks "more urgency will be necessary to definitively turn around
BRATISLAVA, Oct 20 (Reuters) - A review of the European banking sector due to be released on Oct. 26 should bring clarity on Greece's funding needs, the head of the monetary union's bailout fund said on Monday.
ATHENS, Oct 17 (Reuters) - Greek Prime Minister Antonis Samaras on Friday said his government is in talks with lenders over the country's post- bailout period, including a potential credit line Athens...
By David Sims : Sometimes the biggest breakthrough comes from an audacious idea. These types of things are so shocking that people don't want to believe them and they immediately get dismissed as foolish or immaterial twisting of facts. The following exercise is an expansion upon topics previously