Sunday, March 9, 2014

Ισόβια σε εφοριακούς για παράνομες επιστροφές ΦΠΑ

ΘΕΣΣΑΛΟΝΙΚΗ
Σύννεφο» πήγαν τα ισόβια από το Κακουργιοδικείο Θεσσαλονίκης σε βάρος εφοριακών που κατηγορούνταν για την γνωστή υπόθεση των παράνομων επιστροφών ΦΠΑ.
Μάλιστα, σύμφωνα με νομικούς, είναι η πρώτη φορά που ποινικό δικαστήριο της πόλης επιβάλει την ποινή της ισόβιας κάθειρξης εναντίον κατηγορούμενων εφοριακών σε δίκη που συνδέεται με το συγκεκριμένο σκάνδαλο, το οποίο αποκαλύφθηκε πριν από περίπου 15χρονια, με τη συνολικά προκληθείσα ζημιά για το ελληνικό δημόσιο να εκτιμάται σε δεκάδες εκατομμύρια ευρώ.

Saturday, March 8, 2014

Greece, lenders will miss March 10 deadline for rescue loan deal: sources

ATHENS Fri Mar 7, 2014 5:50pm EST
(Reuters) - Greece and its international lenders will miss a self-imposed March 10 deadline to clinch a deal that will release the next tranche of the country's rescue loans, three senior Greek government sources said late on Friday.

Friday, March 7, 2014

Greece's top banks need $8.9 billion euros in extra capital: central bank

BY GEORGE GEORGIOPOULOS
ATHENS Thu Mar 6, 2014 1:44pm EST
(Reuters) - Greece's major banks must raise an extra 6.4 billion euros ($8.9 billion) in capital to make themselves strong enough to deal with the fallout from future crises, the central bank said on Thursday.

A health check was run to see whether last summer's 28-billion-euro recapitalization of the four top banks had left them with enough cash to withstand rising loan losses, a further economic slump and other potential shocks.

How the Ukraine crisis ends
By Henry A. Kissinger, Published: March 6
Henry A. Kissinger was secretary of state from 1973 to 1977.

Public discussion on Ukraine is all about confrontation. But do we know where we are going? In my life, I have seen four wars begun with great enthusiasm and public support, all of which we did not know how to end and from three of which we withdrew unilaterally. The test of policy is how it ends, not how it begins.

Thursday, March 6, 2014

IMF Said to Demand Greater Say on Greek Banks in ECB Wrangle

By Nikos Chrysoloras, Jeff Black and Christos Ziotis  Mar 6, 2014 2:00 AM GMT+0200
The International Monetary Fund wants a greater say in the fate of Greek banks because it’s worried that the European Central Bank is being too lenient on them, three people with knowledge of the matter said.

The IMF views an analysis of the country’s banks run in 2013 by BlackRock Inc. (BLK) as being too optimistic, said the people, who declined to be identified as the talks are private. The fund is concerned that the ECB, which will conduct its own stress test later this year, hasn’t pushed the Greek central bank hard enough to revise BlackRock’s findings, the people said. Those results will be published today.

EU weighs Russia sanctions as Ukraine diplomacy falters

BY LUKE BAKER AND ELIZABETH PIPER
BRUSSELS/MOSCOW Thu Mar 6, 2014 3:41am EST
(Reuters) - European Union leaders were set to warn but not sanction Russia on Thursday over its military intervention in Ukraine after Moscow rebuffed Western diplomatic efforts to persuade it to pull forces in Crimea back to their bases.

Russian Foreign Minister Sergei Lavrov refused to meet his new Ukrainian counterpart or to launch a "contact group" to seek a solution to the crisis at talks in Paris on Wednesday despite intensive cajoling by U.S. Secretary of State John Kerry. The two men will meet again in Rome on Thursday.

U.S. Effort to Broker Russia-Ukraine Diplomacy Fails

By MICHAEL R. GORDON and STEVEN ERLANGERMARCH 5, 2014
The New York Times

PARIS — An effort by the United States to broker the first face-to-face diplomatic meeting between Russia and Ukraine over the Crimea crisis failed on Wednesday, but Secretary of State John Kerry and his Russian counterpart announced more discussions in the days ahead.

Their remarks left open the possibility of progress toward a solution to de-escalate one of the most serious East-West confrontations since the Cold War.

Wednesday, March 5, 2014

Almost Half a Billion Worth of Bitcoins Vanish

The Wall Street Journal


Mt. Gox Says It Lost 750,000 of Customers' Bitcoin to Fraud

Mt. Gox, once the dominant exchange for bitcoin trading, on Friday said more than $470 million of the virtual currency vanished from its digital coffers, kicking into high gear a search for the missing money by victims and cybersleuths.
Acting alone and in groups, the people stepped up their efforts after Mt. Gox filed for bankruptcy protection in Japan and confirmed rumors it had lost almost 750,000 of its customers' bitcoins, as well as roughly 100,000 of its own.

Is Putin “in Another World?”


Marvin Kalb | March 4, 2014 12:30pm

Brookings

Germany’s Chancellor Angela Merkel, rarely one to engage in flights of fancy, finished a telephone conversation with Russian President Vladimir Putin about the crisis in Ukraine, and then, turning to several of her aides, she said that “she was not sure he was in touch with reality.” The Russian leader, she added, seemed to be “in another world.”

President Obama’s foreign policy is based on fantasy

By Editorial Board, Published: March 3
The Washington Post
FOR FIVE YEARS, President Obama has led a foreign policy based more on how he thinks the world should operate than on reality. It was a world in which “the tide of war is receding” and the United States could, without much risk, radically reduce the size of its armed forces. Other leaders, in this vision, would behave rationally and in the interest of their people and the world. Invasions, brute force, great-power games and shifting alliances — these were things of the past. Secretary of State John F. Kerry displayed this mindset on ABC’s “This Week” Sunday when he said, of Russia’s invasion of neighboring Ukraine, “It’s a 19th century act in the 21st century.”

Putin’s error in Ukraine is the kind that leads to catastrophe

By David Ignatius, Published: March 3
The Washington Post
Napoleon is said to have cautioned during an 1805 battle: “When the enemy is making a false movement we must take good care not to interrupt him.” The citation is also sometimes rendered as “Never interrupt your enemy when he is making a mistake.” Whatever the precise wording, the admonition is a useful starting point for thinking about the Ukraine situation.

Tuesday, March 4, 2014

High-Interest Web Banks on the Rise in China

By DAVID BARBOZAMARCH 2, 2014
The New York Times
SHANGHAI — Last June, an affiliate of the Chinese e-commerce giant Alibaba made an offer to its hundreds of millions of users: Give us your cash, and we will pay more than Chinese banks will.

Savers swamped the company seeking interest rates that were significantly higher than the low rates fixed by the government. By early February, 81 million people had signed up for the company’s money market product called Yu’e Bao, which translates as “leftover treasure.”

Monday, March 3, 2014

Ukraine's Perpetual East-West Balancing Act

Brookings
Striking the right balance between relations with the West and relations with Russia has always been Ukraine’s central foreign policy challenge. Ukraine’s leaders have sought to have it both ways: to grow relations with the United States, European Union and NATO while also trying to maintain a stable relationship with Russia.

Russian forces expand control of Crimea

By William Booth, Will Englund and Kathy Lally, Updated: Monday, March 3, 7:44 PM E-mail the writers
The Washington Post
SEVASTOPOL, Ukraine — Russian forces expanded their control of the Crimea region Monday and reportedly gave the Ukrainian military an ultimatum, as the Ukrainian prime minister called for Western political and economic support and the Russian and Ukrainian currencies fell in tandem.

Saturday, March 1, 2014

Kremlin Clears Way for Force in Ukraine; Separatist Split Feared

By ALISON SMALE and DAVID M. HERSZENHORNMARCH 1, 2014
New York Times
SIMFEROPOL, Ukraine — As Russian armed forces effectively seized control of Ukraine’s Crimean peninsula on Saturday, the Russian Parliament granted President Vladimir V. Putin the authority he sought to use military force in response to the deepening instability in Ukraine.

The authorization cited a threat to the lives of Russian citizens and soldiers stationed in Crimea and other parts of Ukraine, and provided a blunt answer to President Obama, who on Friday pointedly warned Russia to respect Ukraine’s territorial sovereignty.

Friday, February 28, 2014

How to Read President Obama's New Budget

BROOKINGS
By: David Wessel
The first trick: Skip the rhetoric. ("This budget takes critical steps to grow our economy, create jobs and strength the middle class....") Do what the pros do: Go directly to the tables.

Next week President Obama is expected to send Congress his new budget. It's a huge, sprawling document; last year's was 2,476 pages in four volumes. Because no one can absorb all that instantly, here's an insider's guide to the budget for fiscal year 2015, which begins Oct. 1, 2014.

The Wisdom of Crowd-Funders: What Motivates Cross-Border Private Development Aid?

Report | December 2013
 By: Raj M. Desai and Homi Kharas
BROOKINGS
(Introduction and conclusions, for full report follow the link at the end of the text)

INTRODUCTION

In 2010, foundations, nongovernmental organizations (NGOs), religious groups and other charitable organizations in the United States contributed $39 billion to international development causes (Hudson Institute 2012). By comparison, $30 billion in US official development assistance (ODA) was disbursed during the same year. For US-based organizations, this represented a doubling of international private, voluntary development assistance over the past decade.

Crowdfunding In Europe: The Top 10 'Peer-to-Peer' Lenders

Forbes
The following guest post is by David Drake, founder and chairman of LDJ Capital, a New York City private equity firm, and of The Soho Loft, a global financial media company with divisions in Conferences and Publishing.
Crowdfunders generally fall into different categories: equity, donation, reward, and debt. The last is also known as microfinancing — and commonly referred to in Europe as “peer-to-peer lending.” Here are the top 10 up-and-coming peer-to-peer lenders e making financial waves in Europe:

Greece’s troubles

The troika is back
The Economist
The stand-off between the government and international lenders continues
Mar 1st 2014 | ATHENS
THE scene is familiar: burly Greek bodyguards hustle a trio of foreign bureaucrats into the finance ministry through a side entrance to avoid a cluster of anti-austerity protesters shouting “troika go home”. Hours later tight-lipped representatives of the troika—the European Commission, IMF and European Central Bank (ECB)—head back to their hotel while ministry officials spin their version of the talks: heroic Greek resistance to “excessive” demands made by the country’s international creditors.

Thursday, February 27, 2014

In Ukraine, Naming of Interim Government Gets Mixed Response

By DAVID M. HERSZENHORNFEB. 26, 2014
The New York Times
KIEV, Ukraine — Standing before a crowd of tens of thousands in Independence Square, the center of the three-month civic uprising that ousted President Viktor F. Yanukovych, the lawmakers temporarily controlling Ukraine announced an interim government on Wednesday night to be led by Arseniy P. Yatsenyuk, a veteran public official.