Greek Prime Minister Pleads For More Time To Meet Bailout Terms

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Greek Prime Minister Antonis Samaras requested on Friday that European Union (EU) and International Monetary Fund (IMF) creditors extend a ?237 billion bailout package for a grace period of two years to help the country survive its fifth year of recession.
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France Slaps 7B Euro Taxes On Rich And Big Firms

France's new Socialist government announced tax rises worth 7.2 billion euros on Wednesday, including heavy one-off levies on wealthy households and big corporations, to plug a revenue shortfall this year caused by flagging economic growth.
Lopez Obrador

Lopez Obrador Refuses To Concede In Mexico's Presidential Elections, Again

After turning up second in Mexico's presidential elections, leftist candidate Andres Manuel Lopez Obrador questioned the legitimacy of the results and refused to concede, following a similar scenario in 2006 when he lost to President Felipe Calderon by little more than half a percentage point.
Indian Prime Minister Manmohan Singh

GAAR: India May Not Go For Retro-Taxing Of Overseas M&A

A committee which was formed to give recommendations on the implementation of the controversial general anti-avoidance rules (GAAR) provisions in India released its draft guidelines Thursday night. The draft guidelines have clarified that the GAAR will not be applied retrospectively.


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