ISRAEL: ‘ BENJAMIN NETANYAHU IMPROPERLY USED STATE FUNDS FOR HIS FAMILY IT IS ALLEGED ‘

#AceFinanceNews – ISRAEL:Feb.17:Prime Minister Benjamin Netanyahu has “improperly used state funds for his family,” firing up center-left opponents before a parliamentary election next month, a report by Israel’s state auditor found on Tuesday.

The comptroller’s report was drawn up after complaints by members of parliament about spending by Netanyahu and his wife.

It found a series of infractions, including petty cash not paid back, a personal water tax charged to the state and an electrician called out at high expense over a Jewish holiday, Reuters said.

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GREECE: ‘ ANTI-CORRUPTION MINISTER WANTS TO RECOVER 2.5 BILLION EURO LOST TO TAX-EVASION ‘

#AceFinanceNews – GREECE:Feb.17: Greece’s new anti-corruption minister Panagiotis Nikoloudis wants to recover €2.5 billion lost to tax evasion, reports AFP.

Nikoloudis has handed over 3,200 files to the Financial Crimes Squad (SDOE) on cases that mostly concern tax evasion.

The 65-year old is Greece’s former supreme court deputy prosecutor.

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BRUSSELS: ‘ GREECE REFUSES TO SIGN OFF SIX-MONTH BAIL-OUT EXTENSION ‘

#AceFinanceNews – BRUSSELS:Feb.17: A meeting of eurozone finance ministers ended early on Monday (16 February), with Greece refusing to sign off to a six-month bailout extension, in what appears to be a clash both on semantics and conditions EUobserver reported.

Eurogroup chief Jeroen Dijsselbloem, who chaired the meeting, said there had been a "slight sense of disappointment" in the room as no agreement could be reached.

He spoke of a "general feeling" and the "preferred option" that the only solution was for Greece to ask for an extension of its bailout programme which ends on 28 February.

Within this extension – six-months, according to the draft prepared by Dijsselbloem’s services – Greece would have enough time to negotiate the way forward with its creditors and would also have enough "flexibility" on the reforms it needs to implement, provided it sticks to the commitments attached to it.

Dijsselbloem said he "didn’t really mind" if the extension was called a "bridging programme" – a term used by Athens – so long as there was a common understanding of what the conditions are.

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