Italy tax receipts fade on slowing economy

Note: This section contains information in English only.
Source: Bloomberg
Italy start to face signals that tax increases might be too high, Alberto Alesina, Harvard University professor suggested on Wednesday. VAT tax revenue have dropped, government data showed on June 5. The amount gathered over 12 months is the lowest in 6 years. Former PM Berlusconi lifted VAT by 1% to 21% in September 2011. The fall in tax receipts may force government to postpone an additional tax increase to 23%. 
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Wed, 13 Jun 2012 09:07:41 GMT

London City vacancies climbed in May

The job vacancies in London's main financial district surged by 25% in May, Astbury Marsden reported. In absolute terms the number of new job vacancies advanced from 3,455 in April to 4,320 in May. Derivatives and foreign exchange businesses were the main new jobs' providers. On yearly basis the vacancies still are 35% down, Astbury Marsden added. 

Wed, 13 Jun 2012 08:45:41 GMT

Sweden is least exposed to Greek exit

Karolina Ekholm, Riksbank Deputy Governor claimed the Sweden's exposure to Greek economy is insignificant. Therefore the Nordic country would not suffer from Greek Euro exit. Sweden a country that refused to introduce Euro currently is a haven for sovereign debt traders. Swedish 10-year notes trade at 1.49% today.

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