Greek lawmakers have approved a new tax legislation intended to increase government revenues by 2.3 billion-euro (3 billion USD) in the following months. The new tax bill was approved with the support of the majority of the lawmakers in the 300-member parliament early on Saturday. The new legislation aims to tax any income above 42,000 euros (56,000 USD) per year at 42 percent. The passage of the... 

US Senator Rand Paul has called for a reduction of American foreign aid, even to allies like the Israeli regime, during his visit to Israel. In a speech at the Jerusalem Institute for Market Studies on Monday, the Kentucky Senator, recently selected to the Senate Foreign Relations Committee, said that the United States would be a friend of Israel, but “it will be harder and harder to be a friend... 

A new poll has found that only one in four people Britons support the coalition government’s international aid policy, with over 60 percent believing the money is being wasted, local media reported. The survey commissioned by Ipsos-Mori found that only 6 percent of people strongly disagreed with the idea that foreign aid is wasted, The Daily Telegraph reported. The survey follows a series of reports... 

Palestinian men gather around a crater caused by an Israeli air strike on the al-Dallu family’s home in Gaza City on November 18, 2012. The United States is to supply the Israeli regime with munitions worth $647 million to renew its stock after Tel Aviv’s massive bombings during the eight-day war on Gaza. The US Department of Defense informed the Congress of a deal to sell munitions including... 

In the wake of the destruction caused by hurricane Sandy the people of Iran are reaching out in a variety of ways, by offering help and emergency aid relief. Even the Red Crescent Organization of Iran has offered to send an emergency response team to help with the rescue and clean up effort. Mahmud Mozaffar, the leader of the Red Crescent Organization told the Fars News Agency that: “We are ready... 

Thousands of people hold a demonstration outside the Portuguese parliament in the capital Lisbon on October 31, 2012. Thousands of people have gathered outside the Portuguese parliament in Lisbon to protest against the assembly’s approval of the government’s 2013 draft austerity budget. The demonstration was staged on Wednesday after the parliament approved the draft bill, which proposes substantial... 

Two years ago, Greece missed the chance to extricate from the crisis with Russia’s help. Nowadays, Russian investments in the country grow and give air to breathe to economies of several regions of Greece, such as the north-east. Russian investors are especially attracted by cheap real estate, tourism and the property that they can buy from the state. “Greece should only give Russia the... 

Provisional figures released by Greece’s national statistics authority have shown the country’s deficit and public debt for 2011 are worse than estimated. According to provisional data published by ELSTAT statistics agency on Monday, the 2011 deficit stood at 9.4 percent of gross domestic product and the public debt at 170.6 percent. “The revisions as regards the debt ratios are primarily... 

Portugal Finance Minister Vitor Gaspar Portugal finance minister announces an income tax hike for the 2013 budget as the unemployment rate is expected to hit 16.4% the same year. On Wednesday, the Portuguese Finance Minister Vitor Gaspar had announced that the average tax hike would rise from 9.8 percent to 13.2 percent in 2013, adding that the unemployment rate is also expected to rise from 16 percent... 

The EU and Spain are trying to come to terms over a rescue plan for the debt ridden European economy. The government remains unwilling to apply for international aid, but analysts say asking for a bailout is essential. A new Spanish rescue programme to be announced next Thursday will be focused on the measures international lenders would ask in return for a bailout. As the ECB money always comes with... 

Euro zone finance ministers want a clear cut answer from Spain whether it will seek financial support after Madrid’s borrowing costs sharply lowered following the European Central Bank decision to buy bonds last week. Will Spain ask for its bailout, so that the ECB’s unlimited bond buying project can be launched? This question has recently been number 1 in Europe. The ECB has made it clear... 

Germany’s Constitutional Court has ruled that the €500-billion bailout is legal under German law. The verdict comes as Greece’s coalition government hesitates on the further austerity cuts required by its creditors. The verdict ruled that the German government will not be liable for sums over 190 billion euros without approval of the Bundestag, and that both houses of parliament would be informed,... 

Spain’s unemployment rate reaches 24.63 percent. Spain says its unemployment rate for the second quarter of the current year has reached the record high of 24.63 percent. According to the new figures released by the government of Friday, nearly 5.7 million Spaniards are now out of work. The country also says that almost 53,500 people lost their jobs between April and June alone. The jobless rate... 

A majority of people in four European countries believe that the eurozone crisis will worsen after giving Greece the 130-billion-euro financing package. The respondents to the phone survey that was carried out by the French opinion poll institute Ifop from June 18 to 21 were asked if they thought the eurozone economic crisis will worsen or improve after giving Greece the loan. The results of the survey... 

It is “no accident,” but rather a direct result of “Jewish organizational and political power.” The Jewish Daily Forward reports, Jews face special risks that require vigilance, though there is no “specific, credible threat” against Jewish targets, Janet Napolitano, secretary of the Department of Homeland Security, told the Forward during a visit to the newspaper’s New York offices…. A...