Monday October 20, 2014 Search
Weather | Athens
24o C
16o 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)  
Greeces Alpha Bank said to seek 180 mln euros for Athens Hilton
Greek toy retailer Jumbo lifts Q1 sales 11 percent
Greece must stick to reforms, says Schaeuble
European leaders pivot back to debt crisis after wake-up call
Turkish vessel enters Cypriot Exclusive Economic Zone
A Turkish research vessel entered Greeces Exclusive Economic Zone (EEZ) on Monday morning, according to the government in Nicosia. The Barbaros, accompanied by two support vessels, entered ...
Samaras to visit Cyprus on November 7, ahead of Egypt talks
Prime Minister Antonis Samaras is to make an official visit to Cyprus on November 7, it has been announced. According to Cypriot government spokesman Nicos Christodoulides, the meeting is ta...
Inside News
BASKETBALL
Reds lose to Nea Kifissia, search for new coach
Nea Kifissia recorded the biggest win of its short history in the top flight defeating Olympiakos 68-67 on Sunday, in a Basket League weekend marred by the abandonment of the Thessaloniki de...
SOCCER
OFI stuns Panathinaikos, Mitroglou hits twice
OFI Crete produced the upset of the week in Greek soccer beating Panathinaikos in Athens for only the second time in its history on Sunday, while PAOK stayed on top beating Atromitos at home...
Inside Sports
Greeces closed society is central to its current malaise
I started writing my book The Thirteenth Labour of Hercules a couple of months after the June 2012 elections in Greece. In that nail-biting showdown, a bruised and battered electorate narr...
COMMENTARY
Between West and East
The crisis that has been buffeting Greece in recent years has perforce turned the focus of domestic politics to developments in Europe. The nations attention, thoughts, relationship-buildin...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greeces Alpha Bank said to seek 180 mln euros for Athens Hilton
2. Greek toy retailer Jumbo lifts Q1 sales 11 percent
3. Turkish vessel enters Cypriot Exclusive Economic Zone
4. Samaras to visit Cyprus on November 7, ahead of Egypt talks
5. Greece must stick to reforms, says Schaeuble
6. European leaders pivot back to debt crisis after wake-up call
more news
Today
This Week
1. Bakers encircle Thessaloniki's White Tower with giant 'koulouri'
2. Hardouvelis does not see 'big surprises' in ECB stress tests
3. European leaders pivot back to debt crisis after wake-up call
4. Greece must stick to reforms, says Schaeuble
5. Samaras to visit Cyprus on November 7, ahead of Egypt talks
6. Turkish vessel enters Cypriot Exclusive Economic Zone
Today
This Week
1. Possible third figure in Amphipolis mosaic may be uncovered shortly
2. Less haste, more focus
3. Greece to contribute 1 mln towards Gaza reconstruction
4. Greece nearing bailout exit, says gov't spokesperson after IMF talks
5. Istanbul skyscraper casts shadow over Greece's banking ambitions
6. Coalition shooting itself in the foot
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.