With the stroke of a pen, Wisconsin’s governor passed a two-year spending bill which also strikes down a key wage protection law. The prevailing wage law ensured government contract workers were paid comparable rates in any given industry.
The so-called 'bank holidays' in Greece will last until Friday, the country's Finance Ministry has said. The announcement comes just hours ahead of Wednesday’s vote in the Greek parliament on a third bailout package.
Sales of legalized marijuana have put over $65 million into Washington state’s tax coffers over the past year, officials said. They are now lowering excise taxes and regulating medical cannabis to help the fledgling industry.
Banks in Greece will remain closed and the €60 per day limit on cash withdrawals will remain in place, according to a Greek finance ministry official. The ECB has refused to increase its emergency liquidity assistance to banks from current €89 billion.
Decisions taken in Brussels were without the participation of the Greek people, that’s why they are irrelevant. Greece has been basically mortgaged, says Leonidas Chrisanthopoulos, a former Greek ambassador.
The International Monetary Fund has warned Ukraine against the adoption of the new fiscal law package which it claims could “significantly undermine the progress” made in correcting the country’s “economic imbalances.”
A summit of all EU leaders scheduled for Sunday has been cancelled with eurozone leaders only meeting to “conclude talks on Greece.” On Saturday, a meeting of Eurogroup finance ministers was adjourned without reaching any conclusion.
As the US keeps pressing European governments to restructure Greek debt as part of the new bailout, the German Finance Minister has jokingly told his US counterpart to better advise the countries which owe debt repayments to Washington.
As cash withdrawals from Greek banks reach €100 million a day the country’s banking system will end up bankrupt on Monday if no deal with creditors is reached over the weekend, some senior bank executives told the Financial Times (FT) on Friday.