Opening Bell: 03.05.10
Greece Braces for Strikes, Vote on New Austerity Plan (WSJ)
One poll released by privately owned SKAI television Friday, shows that 62% of Greeks expect social unrest in the country to rise. But the same poll shows that 78% of respondents think the austerity measures will be implemented nonetheless.
Singapore Plans Greenwich-Style Hedge Fund Home in Nepal Hill Neighborhood (Bloomberg)
The Monetary Authority of Singapore and JTC Corp. -- the government agency developing and marketing the project in Nepal Hill -- quietly asked hedge fund managers in January to visit the district’s so-called black-and-white bungalows, named for their white-washed walls and dark timber frames, according to a copy of the invitation obtained by Bloomberg News. “I’ve visited and think it’s a very interesting development and a great alternative to a traditional office,” said Michael Coleman. “You’re surrounded by greenery, have your own garden to enjoy and the area is rapidly developing.”
Supertax pulls in £2.5bn for UK Treasury (FT)
“Clearly there has been the kind of restraint the exchequer was looking for,” said Rob McIvor, spokesman for the Association for Financial Markets in Europe, which represents the securities industry.
Papandreou: ‘We Don’t Want to Be EU’s Lehman Brothers’
(DealBook)
The EU's Jimmy Cayne would be okay though.
Soccer -- Not Sovereign -- Debt Crisis Hits Home (CNBC)
This is serious.
Oversight group: Citigroup should downsize itself (MarketWatch)
"If you break up, you won't have as big a company to run and we will reduce systemic risk," Elizabeth Warren, chairwoman of the congressional oversight panel told Pandit, arguing Citigroup is the poster child for "too big to fail" institutions whose collapse could damage the markets.
Feinberg: Criticism of Executive Pay Rules Is Just 'Spin' (CNBC)
As for the suggestion that people will go elsewhere to flee compensation rules, the Czar is "not buying it."