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Greek Prime Minister George Papandreou has put tax reform at the heart of his austerity plan, and says his government is serious about fixing the roots of his country's current economic predicament. He says Greece will tackle its deficit without the deep government-wage or job cuts that other...

Author: /time Magazine | Title: Taxing Times in Greece | 2/15/2010 | See Source »

The new trial for sodomy that Anwar Ibrahim faces is also a trial for his country, Malaysia. Anwar contends that the fresh charge is yet another attempt by the authorities to jail and sideline him - he's a former high-flying minister turned opponent of the government. But beyond politics...

Author: /time Magazine | Title: The Moment | 2/15/2010 | See Source »

Every Jan. 6, Greeks celebrate Epiphany with a ceremony full of symbolism and hope. All over the country, priests throw a gold cross into open water and young men dive in to retrieve it. The winners get a blessing on the spot; everyone else takes home some holy water for...

Author: /time Magazine | Title: Greek Tragedy: Athens' Financial Woes | 2/15/2010 | See Source »

Indeed, the chances of failure are high. Already, Better Place has run into problems with Renault over Denmark's promised tax exemptions. Last year, the former Climate and Energy Minister, Connie Hedegaard, suggested the government might extend the tax break until 2015, but months later, a decision on that has...

Author: /time Magazine | Title: Denmark Leads Europe's Electric-Car Race | 2/14/2010 | See Source »

As if to prove how seriously he takes the issue, Jonathan's second action (after sacking the justice minister, who had campaigned most noisily against his promotion) was to call a meeting with the oil majors in Nigeria. The peace process was his top priority, he told executives from Chevron...

Author: /time Magazine | Title: Is Goodluck Jonathan the Answer to Nigeria's Woes? | 2/13/2010 | See Source »

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