At the extraordinary EU Council of 21 July European leaders have to accomplish a triple-mission. First, they should pave the way to restoring solvency in Greece by initiating debt reduction. Softening the Greek debt burden implies i) reducing the interest rate on official lending, ii) requesting...

Frontmatter -- Vorwort -- Inhaltsverzeichnis -- Abbildungsverzeichnis -- Tabellenverzeichnis -- Zusammenfassung -- 1. Einführung -- 2. Euro-Krisendynamik in 2010-12 -- 3. Ansteckungsdynamik und Problematik einer Ausweitung der Euro-Krise -- 4. Probleme der internationalen Wettbewerbsfähigkeit...

This book investigates the taxation of companies under economic and financial distress. A company in economic distress has no or low profitability and a low going-concern value. On the other hand, a company in financial distress is a viable entity with current, but not necessarily long-term,...