Sheesh, why when Greece's PM Tsipras came into office in January claiming he was against austerity didn't he impose taxes on the wealthy in Greece - the ship owners, the tax-exempt churches, etc. - and not dump the pain on the little guy who now faces closed banks and pensioners who can't cash their paper pension checks because banks are closed?
China bans big shareholders from cutting stakes for next six months
Thu Jul 9, 2015 4:26am IST
SHANGHAI | By Samuel Shen and Brenda Goh
Investors look at computer screens showing stock information at a brokerage house in Shanghai, China, July 8, 2015. Reuters/Aly Song
China's securities regulator took the drastic step of ordering shareholders with stakes of more than 5 percent from selling shares for the next six months in a bid to halt a plunge in stock prices that is starting to roil global financial markets.
[ though it would be tough for all i believe the abyss is overstated.. for Greece, for the EU and for the world .. e.g. China is more of a worry for Australia ]
Europe's bankers fear Brexit more than Grexit
Thu Jun 25, 2015 6:31pm IST Related: Business, Economy
FRANKFURT | By Thomas Atkins and Steve Slater
The British Union flag and European Union flag are seen hanging outside Europe House in central London June 9, 2015. Reuters/Toby Melville
The possibility of Britain leaving the European Union sometime in the future worries European bankers a great deal more than the prospect that Greece might be on its way out soon.