Greek finance minister: creditors must keep promise on debt relief – Public Finance International

Euclid Tsakalotos stressed that the country had done its part, passing yet another series of austerity measures at the behest of its European lenders and the International Monetary Fund a condition required in return for the next tranche of loans. Despite Greece conceding to and fulfilling these terms, which it had originally rejected, talks to…

Bank-friendly insolvency regime challenged by new laws – The Sydney Morning Herald

Australia’s corporate insolvency laws are among the most favourable to banks in the world, but this mantle could be threatened by looming changes to wrestle power away from lenders. The federal government is expected to soon publish legislation it hopes will “reduce the stigma associated with business failure”, and one aspect of this will be an overhaul…