Italian tax debt hits ‘ALARMING’ levels, warns IMF – the same spark that toppled Greece – Express.co.uk

Financial watchdogs described the nations fiscal debt as alarming and warned structural problems must be addressed as it unveiled the state of Italy’s tax agencies.  The IMF published a report this week titled Italy: Enhancing Governance and Effectiveness of the Fiscal Agencies, as part of the Funds Capacity Development function, which aims to help countries…

Defense Technologies Announces Debt Consolidation, Update on Production Funding – GlobeNewswire (press release)

LAS VEGAS, July 21, 2016 (GLOBE NEWSWIRE) — Defense Technologies International Corp (OTCQB:DTII) (The Company), a developer of security technologies, announces debt restructuring and consolidation in preparations to move towards production. On July 18, 2016, the Company closed agreements to buy-out and restructure two convertible note holders (EMA and Crown Bridge) holding an aggregate of $130,000…

US Treasury chief backs Greece debt relief – The Daily Courier (subscription)

ATHENS, Greece – U.S. Treasury Secretary Jacob Lew stressed Thursday the importance of making Greece’s debt sustainable, praising the country’s progress in reforming its economy as part of its bailouts but urging it to keep implementing the necessary measures. … Read the full article at: http://www.kelownadailycourier.ca/news/world_news/article_6724ab03-578f-5f2a-83ba-f5f4b8f7b8d5.html

US Treasury chief stresses need for Greek debt relief – Appeal-Democrat

ATHENS, Greece (AP) U.S. Treasury Secretary Jacob Lew stressed Thursday the importance of making Greece’s debt sustainable, praising the country’s progress in reforming its economy as part of its international bailouts but urging it to continue implementing the necessary measures. … Read the full article at: http://www.appeal-democrat.com/news/regional_news/europe/us-treasury-chief-stresses-need-for-greek-debt-relief/article_e96deb52-7ae5-5bcc-a969-df153c057a72.html