Fitch upgrades Greece's credit rating

[SAT]

http://news.yahoo.com/fitch-upgrades...164327369.html

[SAT]

Re: Fitch upgrades Greece's credit rating

EU bailout chief: no contagion from Cyprus

http://euobserver.com/tickers/120117

[Issachar]

Re: Fitch upgrades Greece's credit rating

Pretty cool, eh? Hundred billion and even trillion dollar "stuff" can happen and all is well. It's like magic.

Issachar, believes firmly that the chickens will come home to roost ..

[SAT]

Re: Fitch upgrades Greece's credit rating

lol


Europe pushes Switzerland to end bank secrecy

European Union finance ministers gave the green light on Tuesday to start talks with Switzerland and Liechtenstein about surrendering bank data, as Europe stepped up its fight against tax evasion.

The move, described as 'historic' by Germany's Finance Minister Wolfgang Schaeuble, redoubles pressure on Switzerland to open up account details and will likely pave the way for Austria to ditch its own bank secrecy for foreigners.

By giving the European Commission the go-ahead to negotiate with Switzerland, Liechtenstein, San Marino, Andorra and Monaco, EU finance ministers hope to push for the same rules to be applied to these countries as within the European Union.

http://news.yahoo.com/eu-start-talks...162808199.html

[SAT]

Re: Fitch upgrades Greece's credit rating

Switzerland close to deal in U.S. tax dispute: finance minister

Switzerland is on the brink of a deal to settle a long-running dispute with U.S. authorities over Swiss banks accused of helping wealthy Americans evade billions of dollars of tax, the finance minister said on Saturday.

"We hope that we will shortly be at the finishing line," Eveline Widmer-Schlumpf told Swiss radio in an interview. "The banks won't get it for nothing."

Widmer-Schlumpf declined to say how high fines might be, but added: "It is clear that it will not be a pleasant solution."

A source familiar with the talks has told Reuters the two sides had agreed an outline for a deal that would divide more than 300 Swiss banks according to the extent they had helped U.S. clients hide money, to determine how they are dealt with.

Under the outline deal, banks already under investigation would settle with individual deferred prosecution agreements, the source said. Credit Suisse has already made a 295 million Swiss franc ($303 million) provision towards a settlement.

A second group of banks which had U.S. clients but have not yet been targeted by investigators would have to agree to pay fines and hand over data on their customers, the source said.

The country's biggest bank UBS was forced in 2009 to pay a fine of $780 million and hand over the names of more than 4,000 clients, delivering the U.S. authorities information that allowed them to then pursue other Swiss banks.

http://www.reuters.com/article/2013/...94H09Q20130518


Remember all the hoopla about the Banks in Cyprus? It actually is the same thing but without all the hoopla. In the end Cyprus was forced into this position to receive their IMF loan.

EU finance ministers gave their official approval this week to start formal negotiations with Switzerland and the tax-haven microstates of Liechtenstein, San Marino, Andorra and Monaco about surrendering bank data on an automatic basis, exposing savers to tax claims

[SAT]

Re: Fitch upgrades Greece's credit rating

Don't forget...


U.S. Deficit Falls Faster Than Expected

The decline in the projected deficit for 2013 stems largely from a boost in estimated revenues as well as from expected payments to the Treasury by Fannie Mae and Freddie Mac. The changes in CBO’s baseline for the 2014–2023 period result mainly from lower projections of outlays (primarily for Social Security, Medicare, and Medicaid). As a result of those changes, CBO now projects that, under current law, debt held by the public will total 74 percent of GDP in 2023, down from the 77 percent the agency projected in February.

and others....
http://wedg.millenniumweekend.org/fo...ghlight=fannie

[SAT]

Re: Fitch upgrades Greece's credit rating

Plus the added perk for the OWO. The entire change of the financial/economic system. Plus no where to hide your money. Control and preparation.
"All" will eventually be forced to accept the mark....