Greek Statistician Under Scrutiny for Budget Estimates Before Euro Crisis

ATHENS — Andreas Georgiou was not particularly alarmed when he was asked to testify in a judicial investigation into one of the most contentious issues in Greece today: whether the 2009 budget deficit — which precipitated not only Greece’s crash but the broader euro zone crisis — had been badly overstated.

As the director of Greece’s newly founded statistical authority, he was prepared to be summoned for questioning, but not for what actually [...]

Republican Budget Would Slash Taxes, Establish Two-Bracket Tax System And Scrap AMT

While it has no chance of passage, the GOP 2013 budget, details of which have been leaked by the WSJ, proposes slashing corporate and individual tax rates, collapsing the current six tax bracket system into just two tiers (10% and 25%), lowering top corporate tax rate to 25% and scrapping the anachronism that is the AMT, or Alternative Minimum Tax. Finally, the proposed plan would nearly eliminate U.S. taxes on American [...]

Canada, U.S. agree to use each other’s troops in civil emergencies

Canada and the U.S. have signed an agreement that paves the way for the militaries from either nation to send troops across each other’s borders during an emergency, but some are questioning why the Harper government has kept silent on the deal.??Neither the Canadian government nor the Canadian Forces announced the new agreement, which was signed Feb. 14 in Texas. ??The U.S. military’s Northern Command, [...]

Canada has sold its entire holding of 1023 tonnes, making it the only G7 nation that has no gold backing for its currency.

By: Nick Barisheff

On March 8, 2004 European central banks announced reaching a “collegial commitment” to renew the Washington Agreement of 1999, which was to expire in September, 2004. Under the terms of the commitment, participating central banks have agreed to raise their self-imposed limit on gold sales from the current maximum of 400 tonnes per annum to a new maximum of 500 tonnes per annum for the next five [...]