Word: billioned
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...business is in Eastern Europe. "That exposure is helping," he says. Aegean Airlines, which may have to move to short-term leases for some of its fleet, is looking outward too. In the past six months, the carrier has added routes to Egypt, Israel and Turkey. Greece's $40 billion shipping industry--the country controls 22% of the world's oil-tanker fleet and nearly 25% of its cargo ships--should also prove immune to the financial maelstrom because of its global reach, according to Theodoros Veniamis, the president of the Union of Greek Shipowners. "Shipping is a cyclical business...
...needs to lure foreign investors aggressively, which means everything from offering tax breaks to helping investors navigate the bureaucracy associated with setting up shop. "We must transform Greece into a welcome place to do business," says Nikolaos Karamouzis, deputy CEO of Eurobank EFG, an Athens-based bank with $84 billion in assets in 10 countries...
With unemployment at nearly 10% nationwide, the Senate voted 70 to 28 in favor of a $15 billion bill to help create jobs. While it's a victory for Senate Democrats--particularly majority leader Harry Reid, who scrapped a bipartisan draft earlier this month--the bill still has to pass the House or be reconciled with the lower chamber's $154 billion version, approved in December. Reid hopes to push through a series of small jobs-related bills like this one, which includes temporary tax breaks for companies hiring employees and support for highway-construction programs...
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