PM wants global constitution for financial system

clipped from uk.reuters.com LONDON (Reuters) - Prime Minister Gordon Brown called on Friday for a world constitution to regulate the financial system and said he hoped for agreement on a range of regulation issues at G8 and G20 meetings in coming months. Brown said a global solution was required to transform financial services, which he defined as follows: "Common rules for capital and liquidity, common standards for supervision, common rules for bonuses and a shared way of assessing the contribution banks should make to society, free of the unfair and disproportionate use of regulatory and tax havens which penalise countries doing the right things." On the issue of when to start withdrawing fiscal stimulus measures to start reducing Britain's fast-growing public deficit -- a hot political issue in the run-up to Britain's election, which must take place by June -- Brown strongly defended his stance of delaying fiscal austerity measures.

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HIGHLIGHTS-Greek FinMin unveils tax reform, wage policy

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clipped from www.reuters.com ATHENS, Feb 9 (Reuters) - Greece outlined on Tuesday its public sector incomes policy and a tax reform bill, as part of an EU-endorsed plan to increase state revenues and reduce its huge deficit. "EU partners and markets will closely monitor the implementation of our fiscal plan, I believe that the response will be positive. The measures that we have announced are becoming action" "From 1. Jan. 2011, every transaction above 1,500 euros between natural persons and businesses, or between businesses, will not be considered legal if it is done in cash. Transactions will have to be done through debit or credit cards" "We all know that the public sector wage policy is full of injustices ... which have been formed by adding up various allowances without a central direction. "The wage cuts will begin from 18 euros a month, reaching 345 euros a month for court officials. In percentages, it will be between 1 and 5.5 percent"

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