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Interview

Géraldine Schmit, FIDEOS partner Focus on Israël "The International Monetary Fund forecasts for Israel see economic growth nearly doubling to 4% next year as exports, consumption and domestic credit…
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Erwan Loquet, Partner Tax chez Deloitte Impact de la TVA sur les projets d'outsourcing La crise financière a amené les entreprises à reconsidérer leurs modèles, et à…
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Figure of the week

60 " Luxembourg has ratified sixty double tax treaties so far;  four with African states, five with states of the American continent, twenty with Asian states and thirty-one with European countries. In 2009 and 2010 alone, Luxembourg…
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Agenda

Who's Who

Caroline Dresse
IFBL
Luxembourg
Nir Kozlovsky
Waves Audio
Israel
Paul Perdang
ArcelorMittal R&D
Luxembourg
Nicolas Dewald
Vectis PSF
Luxembourg
Mireille Rodius
Atoz S.A.
Luxembourg

Companies

Ebsylon Sàrl Ebsylon Sàrl
Advisory
Luxembourg
G&G Associates Sàrl G&G Associates Sàrl
Tax
Luxembourg
FIDEOS FIDEOS
Corporate Trust Serv...
Luxembourg
Capita Fiduciary S.A. Capita Fiduciary S....
Corporate Trust Servic...
Luxembourg
Tempo-Team Luxembourg SA Tempo-Team Luxembou...
HR
Luxembourg
Home arrow News
A Big Fat Crisis Averted? PDF Print
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Posted by Cfo World News   
jeudi, 03 juin 2010
The ongoing European debt crisis creates new risks for CFOs.

europe.jpg
What began as concern regarding Greece's sovereign debt burden has now mushroomed into fears about other Eurozone nations. Mounting anxiety about the finances of Spain, Portugal, and Italy continued to roil global markets even after an initial rescue package for Greece was announced, prompting European leaders to quickly pass a much larger, wider-ranging plan last month that would quash talk of market contagion and preserve the region's fragile economic recovery.

Perhaps they should have scrambled sooner. "If the Europeans had acted decisively at the very beginning, they could have snuffed it out," says Richard Marston, director of the Weiss Center for International Financial Research at the Wharton School. (... read more)
 
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