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And Greece's credit rating has been downgraded to below junk status.Rating agency,Standard&Poor's has classified Greek debt as being in selective default.The European Central Bank says Greek bonds can no longer be used as collateral1 for loans to commercial banks until the middle of next month.
And one of Britain's biggest banks, Barclays, has been ordered to pay millions of dollars after the government outlawed2 two tax avoidance schemes.Tax authorities say anyone else involved in the scheme will be tracked down and prosecuted3.
Well,if anybody else is involved in these arrangements,HMRC will find out about it.There are disclosure requirements.HMRC will obviously be scrutinizing4 the financial affairs of a bank or other tax payers,so if anyone else is trying to use the same theme,then they will be caught in exactly the same way.
To the markets,the Dow closed 23 points higher,the NASDAQ was up 20 points.The S&P500 also made ground and in London the FTSE rose 12 points.
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1 collateral | |
adj.平行的;旁系的;n.担保品 | |
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2 outlawed | |
宣布…为不合法(outlaw的过去式与过去分词形式) | |
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3 prosecuted | |
a.被起诉的 | |
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4 scrutinizing | |
v.仔细检查,详审( scrutinize的现在分词 ) | |
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5 sterling | |
adj.英币的(纯粹的,货真价实的);n.英国货币(英镑) | |
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