Overvalued House Prices to Stay

Published on December 16, 2010 by Technology Slice

Overvalued House Prices to Stay – House prices could be overvalued by as much as 10 per cent, but strong population growth and rising income will continue to underpin the market, an international report says. A staff analysis by the International Monetary Fund (IMF) has found a link between episodes when Australia has a strong [...]

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Posted in General

Greek Tax Office Looking For Money

Published on May 24, 2010 by Technology Slice

Greek Tax Office Looking For Money – Greek authorities tracking down tax cheats have turned their attentions on high-earning footballers, lawyers and artists, an official said overnight, as the country works to cut back a mountain of debt. A special audit office within the finance ministry “is looking into the cases of artists, footballers, lawyers [...]

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Posted in Money

1$ Billion in Aid Approved By The European Union

Published on May 10, 2010 by Technology Slice

1$ Billion in Aid Approved By The European Union – Europe has agreed a package of crisis aid for troubled eurozone countries totaling “more than 500 billion euros,” ($718 million) which will be topped up by the International Monetary Fund (IMF), a European Union diplomat told AFP. The fund would be made up of €440 [...]

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Posted in Money

Greece Agrees to $30 Billion Deal

Published on May 3, 2010 by Technology Slice

Greece Agrees to $30 Billion Deal – Greece has agreed a package of austerity measures under which it aims to cut its budget deficit by 30 billion euros over three years on top of measures already agreed, Finance Minister George Papaconstantinou said on Sunday. Under the deal with the European Union and International Monetary Fund [...]

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Posted in Money, Politics

Spain’s Credit Rating Downgraded

Published on April 29, 2010 by Technology Slice

Spain’s Credit Rating Downgraded – The crisis affecting the eurozone worsened yesterday when Spain’s credit rating was downgraded less than 24 hours after Greece was sent into financial meltdown. Fear of contagion gripped Europe’s financial markets when the debt rating agency Standard & Poor’s cut the rating on Spain’s sovereign bonds. The decision — coming [...]

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Posted in Money

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