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Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Wednesday, August 5, 2015

NIESR warns on further Greek austerity

Thinktank says that a haircut of 55% on Greek debt is needed to give the country a chance of reducing its debt to 120% of GDPGreece’s economy will suffer fresh damage from the austerity measures demanded by its creditors and will remain stuck in permanent depression unless it receives substantial debt relief, one of the UK’s leading thinktanks has warned.The National Institute of Economic and Social Research said the increases in VAT reluctantly accepted by the Syriza-led coalition in Athens in exchange for a new bail out will result in a 1% fall in national output in 2016. Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com