Greece’s former finance minister should be prosecuted, lawmakers say

Former socialist Finance minister George Papaconstantinou at the Greek Parliament in Athens on January 17, 2013.

The three charges against Papaconstantinou are breach of trust, doctoring an official document and dereliction of duty. If convicted, he faces a prison sentence. Papaconstantinou served as finance minister from October 2009 to June 2011, and was finance minister when Greece negotiated its first international bailout. Dominique Strauss-Kahn on austerity Greece secures bailout deal with Troika Because he is a lawmaker, Parliament has to approve the lifting of immunity before any prosecution can proceed.

Finance set to surpass tech as most-profitable U.S. industry

Second-quarter earnings for the finance sector are expected to climb almost 20% from the same period in 2012, with all of the different industries within the sector including major banks, regional banks, insurers and brokerages set to report higher profit. Leading the way will be investment banks and brokerage houses, whose earnings are seen surging 40%. The industry has once again become such a driver of U.S. earnings growth that, without it, corporate profits would be seen declining 3.2% in the second quarter compared with a year ago.

Finance Latest News: Goldman’s Profit Doubles, Helped by Underwriting

For years now Latin America has been a hotbed for emerging talent, and many of its countries have produced a steady output of successful local films, said Garcia. But its the combination of the growing appetite in the consumer market for cinema as evidenced by the rising screen count and the improving production resources/infrastructure that make Latin America ripe for a film finance forum, he added. Weve seen a comparable explosion for major music (e.g. Lollapalooza Chile) and sports (e.g. World Cup) events.

Film Finance Forum Latin America Lines Up Panelists

Cine-Sud Boards ‘Circus,’ ‘Parable’

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