Greece plans to ease the country's current capital controls in the early months of 2016, said Deputy Prime Minister Yannis Dragasakis, speaking in parliament. He said that the country's international lenders will have verification of the Greece crisis program completed at the beginning of 2016. According to Dragasakis, negotiations on the restructuring of Greek debt will begin after that....

The speaker of the lower house of the Brazilian Congress Eduardo Cunha announced commencement of impeachment of President Dilma Rousseff. This step was preceded by accusing the President of corruption and a two-month investigation into financial irregularities committed by the president in the re-election campaign. Last night the speaker of the lower house of the Brazilian parliament Eduardo...

Once the Greek authorities ignored their citizens’ opinion. Now, they are forced to seek money wherever possible, even asking for help ordinary people. Athens is now aimed not only on deposits but also for cash of the Greeks. Earlier, the Greek magazine Enikonomia reported that Greek taxpayers will have to report about all their available cash savings worth more than 15 thousand euro, including...

Today, the German government approved the Bundeswehr's participation in the antiterrorist operation in Syria. It is about deploying the most ambitious overseas mission of the Bundeswehr: up to 1.2 thousand soldiers can be involved in the operation. Formally, the operation still need the Bundestag’s approval, yet, the German media are sure that there’s not much to wait. The military operation...

According to the US Customs and Border Protection, a record number of children under 17 yo without parents (almost 5 th.) were detained in October at the US border with Mexico when trying to illegally cross it. The unfavorable situation in the Caribbean and quite mild US policy towards illegal migrants are greatly contributing to this. This is almost two times more than the same period last year,...

While Eurozone continues to move a snail's pace (growth in the III quarter was only 0.3%), a small member of the currency club has rushed ahead. Less than two years after the humiliating financial assistance programs, the Irish economy is recovering rapidly. In 2014, growth rates were 5.2% and in the first half of 2015, GDP has increased by 7% compared with the same period of the previous year....

The conflict over the downed plane can reduce capitalization of some Russian companies and hurt the Turkish economy, believe economists of BofA Merrill Lynch. Downed aircraft SU-24 scared off international investors, says Vladimir Osakovsky and Türker Hamzaoglu, economists of BofA Merrill Lynch. "The news is negative for all asset classes of the Russian and Turkish markets " - they wrote. It has...

Direct damage from terrorist attacks is less than it seems. In particular, developed countries are affected by the fear factor, provoking decline in economic activity and growth of unproductive expenditure. At the time, terror hits the Third World countries most of all, depriving them of even a chance for normal development. Number of victims of the terrorist attacks has increased five-fold in...

"If I had a chance, I would do it again," - says Lutz Otte, who handed to Germany client data stolen from the Swiss bank Julius Baer. He made 600,000 euros out of this and was sentenced to 1.5 years in prison. Switzerland does not cooperate with the tax authorities of other countries, if their request is based on stolen data. In this case, according to Swiss law, foreign authorities act as...