The total of counterfeit euro coins removed from circulation in 2012 were 184.000, a 17% increase from the previous year.
Euro counterfeiters prosper amid the currency’s crisis
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Posts Categorized: Europe
Bolt sprints free of U.K. taxes
Tax-free gold: Photo Credit: Getty Images/Alexander Hassenstein
Her Majesty’s Revenue and Customs – the U.K. taxman to you and me – says that paying tax isn’t voluntary. The U.K. finance minister says, oh yes it is. Or at least it is if you are a sporting superstar.
Euro area reforms in motion, according to Big Mac
If the price of a McDonald’s Big Mac were to be used as a fiscal indicator, hard-hit euro zone countries like Ireland, Greece, Portugal and Spain would seem a lot better off.
A looming transatlantic trade pact
A free trade deal between the U.S. and the E.U. would kick-start growth and job creation on both sides of the Atlantic.
Bringing Britain’s bankers to book
Britons are still angry at bankers for creating the 2008 global financial crisis, and politicians appear to be listening.
Spain and Italy’s politics relaunch the Euro crisis
Echoes of investors’ last-year anxieties over the European Union’s crisis have returned as political upheavals befall Spain and Italy.
Spurring growth in Russia
A portrait in self-contentment. Photo Credit: AFP/Getty Images/Alexey Druzhinin
This year, Russia has taken over the rotating chair of the G-20 group of leading economies. Its theme is the need to start a new cycle of economic growth. Timely.
Will the E.U. tackle youth unemployment–finally?
As the E.U. will try to pass their multi-annual financial framework, a practical scheme to help the young jobless, Youth Guarantee, could be initiated.
A shift of clout, no deals from Latin America–E.U. summit
No major outcomes come from Santiago: ‘legal certainty’ in the economic investments while the E.U. was unsuccessful in closing a free-trade agreement with Mercosur.
Spanish local government finance: White elephants in black shorts
Playing second fiddle: Real Madrid’s Khedira gets the better of Valencia’s Ruiz . Photo credit: AFP/Getty Images/Dani Pozo
Misery loves company. The government of Valencia, the first region in Spain to ask for bailout money from the central government last year, has added its beloved but financially stretched local soccer team — currently seventh in the top division of Spain’s La Liga — to a growing portfolio of financial basket cases.…
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Posted September 26, 2024