Friday Jan 30, 2015 Search
Weather | Athens
16o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Bond turmoil forces govt to revoke tax

The Finance Ministry is scrambling to abolish a regulation concerning a retroactive capital gains tax on Greek bonds held by foreigners, following the impact on Greek debt in the market.

Reports say that in view of sovereign bonds soaring yields this week, the ministry intends to cancel the regulation as soon as Parliament reopens after the European elections and is seeking a formula for the best way to do that.

The regulation provided for a tax of between 20 and 33 percent on capital gains that foreign investors reaped from Greek bonds in the 2012-13 period. When the regulation became widely known via a ministry circular, bond yields started to climb rapidly earlier this week.

The ministry issued a statement on Thursday that revoked the circular, in effect rendering the regulation null and void, but this did not appear sufficient to appease investors on Friday, as the 10-year bond yield jumped to 6.96 percent.

ekathimerini.com , Friday May 16, 2014 (21:57)  
Draghi deflation challenge underlined as prices plunge by record
Greek bonds rise a second day after debt negotiation assurances
Greece turns away from EU bailout cash before Dijsselbloem visit
Greek meltdown splits investors translating Tsipras
Greek cleaners show dichotomy of Tsipras as markets tumble
On a sunny Wednesday morning in Athens, two days after Alexis Tsipras became Greek prime minister, workmen dismantled the barricades that had protected the Parliament and its ceremonial guar...
Eurogroup chief in Athens for talks with Tsipras, Varoufakis
Eurogroup head Jeroen Dijsselbloem was meeting with Greek Prime Minister Alexis Tsipras in Athens on Friday and was to hold talks later in the day with Finance Minister Yanis Varoufakis, ess...
Inside News
SOCCER
Olympiakos draws AEK in Cup quarterfinals
The dream draw of Olympiakos vs AEK in the quarterfinal materialized on Friday, as two of the capital's three giants will face off in a two-leg tie for a place in the semifinals of the Greek...
BASKETBALL
Below-par Olympiakos succumbs to Efes
The winning streak of Olympiakos in the second group stage of the Euroleague ended on Thursday in Turkey, as Anadolu Efes outclassed the Reds in the second half to win 84-70. Olympiakos had ...
Inside Sports
INTERVIEW
SYRIZA must come up with pragmatic solutions, Schulz tells Kathimerini
SYRIZA must realize that it is now the Greek government, not a party running an election campaign, European Parliament President Martin Schulz, the first European official to visit Greece ...
COMMENTARY
Strange haste
The members of the new government must have a lot of confidence in themselves. Several days before announcing his program, Prime Minister Alexis Tsipras and his cabinet have opened up a mult...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greek cleaners show dichotomy of Tsipras as markets tumble
2. Draghi deflation challenge underlined as prices plunge by record
3. Greek bonds rise a second day after debt negotiation assurances
4. Greece turns away from EU bailout cash before Dijsselbloem visit
5. Eurogroup chief in Athens for talks with Tsipras, Varoufakis
6. Greek meltdown splits investors translating Tsipras
more news
Today
This Week
1. SYRIZA must come up with pragmatic solutions, Schulz tells Kathimerini
2. Why Greece went left while Europe turns to right
3. Greek government's signals very mixed, ECB's Jazbec says
4. EU's Schulz: Greece should follow EU line on Russia
5. Monastiraki restaurant fire prompts panic, restricted before spread
6. Capital flees Greece at fastest pace since 2011
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. Greek Elections 2015 | LIVE
4. Greek Elections 2015: The day after | LIVE
5. Poll shows SYRIZA leading ND by 4 pct
6. SYRIZA's win will test institutions
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.