That is why Mr Bush is right to accelerate the transfer of power, but also why he must not bodge it.

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The sale of big-name players over the past year continued right up until the last day of the transfer window as the club cashed in on many of its prized playing assets.

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Such a transaction involves a transfer of the right of ownership of the copy .

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There may be a hidden cost of what has arguably been this country's central industrial policy of the past 30 years, which is that all businesses are for sale to foreigners at the right price: the systematic transfer into overseas hands of so many UK companies may have contributed to long-term erosion of corporation tax revenues.

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He said that it was for the parties to decide when the time is right, but the government will be ready to make the transfer of powers next May "as envisaged in the St Andrews Agreement".

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Citizens too, if they are able to do so, have a huge economic incentive right now to take their money out of Greek banks, and either hold it in cash or transfer it to a perceived safe haven, such as Germany.

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