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UK Advertising Watchdog Cracks Down on Not-so-free Tours
Bear found dead in northern Greece, believed poisoned
EU should consider billion-euro investment boost for Greece – Austrian finance ministerThe European Union should consider a one-billion-euro (£887-million) special investment programme to spur growth in debt-ridden Greece, Austria’s finance minister told daily Der Standard in an interview published on Monday.
Why now is the time to sell your European holiday homeThe fall in the pound is good news for Britons who are selling a holiday home in Europe: they can now pocket tens of thousands of pounds more from their villa, gite or seaside apartment than before the Brexit vote, thanks to sterling’s weakness. With buying and selling property abroad, timing is everything. Get it right and you can win big. Getting it wrong, buying when the pound is weak and selling when it is strong, could leave your bank balance permanently damaged.For example, if you spent £500,000 on a European holiday home in January 2002, when your pound bought €1.65, and sold again in March 2009, when a pound could be bought with just €1.09, you would bring back £746,000, ignoring property price movements.That would allow you to chalk up a profit of almost 50 per cent, even if property prices failed to rise.However, reverse that pattern by buying property abroad when the pound is weak and selling when it is strong and you could lose life-changing sums of money.If you invested the same £500,000 in a holiday home in March 2009 at €1.09 and sold in November 2015, when sterling had recovered to €1.40, you would bring back just £383,000, a loss of £117,000 or almost a quarter. The difference between good timing and bad is £363,000.
Greece's Inconvenient TruthIt's time to face the fact: Greece is very likely to require another bailout to avoid a bankruptcy.
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Topic: 11/04/17 (Read 1186 times)
