Seeking Refuge: Migrants say 'no thanks' to EU distribution plans

Hundreds of black and blue tarps, many with thatched roofs, vie for space in this port city’s migrant camp, a testament to the powerful flow of human migration across Europe this year. Camps like this are spurring some European nations to push for what they're calling burden sharing, particularly Italy and Greece. Unsurprisingly, many of the less affected countries are opposed, arguing they have neither the infrastructure nor the resources to house and care for asylum seekers.

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European Union tramples over British opposition to Greek rescue plan

Brussels will press ahead with plans to use a defucnt EU-wide bail-out fund that will put Britain on the hook for €690m of loans to Greece

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The New Development Bank is a Linchpin for the BRICS' Countries

brics_2015.jpg Home Page News Page Greece was the first non-member to be offered BRICS membership, even though ironically the association of the emerging economies is yet to take off. The New Development Bank (NDB) operated by the five member-countries of Brazil, Russia, India, China and South Africa (BRICS) is all set to take off with an intention to develop economic relations amongst developing countries. It is considered to be an important institution since it is the first to be created by emerging countries with the hope to finance many important projects. Greece was the first non-member to be offered BRICS membership, even though ironically the association of the emerging economies is yet to take off. The New Development Bank (NDB) operated by the five member-countries of Brazil, Russia, India, China and South Africa (BRICS) is all set to take off with an intention to develop economic relations amongst developing countries. It is considered to be an important institution since it is the first to be created by emerging countries with the hope to finance many important projects. The BRICS bank will be financing projects by the year’s end, with special focus in the member countries. The launch of the bank was on July 7, 2015, just ahead of a summit held in Ufa, an industrial city of Russia. Greece was the first non-member to be offered BRICS membership, even though ironically the association of the emerging economies is yet to take off. The New Development Bank (NDB) operated by the five member-countries of Brazil, Russia, India, China and South Africa (BRICS) is all set to take off with an intention to develop economic relations amongst developing countries. It is considered to be an important institution since it is the first to be created by emerging countries with the hope to finance many important projects. read more

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IMF criticizes EU bailout of Greece. Other paths to economic stability?

A report by the International Monetary Fund (IMF) released Tuesday attacks the viability of the new bailout terms between the EU and Greece, which would see creditors – the eurozone  and IMF – pay a total of €86 billion towards restoring the Greek economy.

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European Nations at Loggerheads over Migrants

eu_flag.jpg Home Page News Page The financial woes in Greece are not the sole crisis dividing European states. Tensions over how to deal with thousands of migrants landing in the Mediterranean have spilled over as domestic political pressures threaten ideals of unity. Angela Merkel calls it “the biggest challenge in European affairs” in her time as chancellor. The financial woes in Greece are not the sole crisis dividing European states. Tensions over how to deal with thousands of migrants landing in the Mediterranean have spilled over as domestic political pressures threaten ideals of unity. Angela Merkel calls it “the biggest challenge in European affairs” in her time as chancellor. The financial woes in Greece are not the sole crisis dividing European states. Tensions over how to deal with thousands of migrants landing in the Mediterranean have spilled over as domestic political pressures threaten ideals of unity. Angela Merkel calls it “the biggest challenge in European affairs” in her time as chancellor. read more

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Deal conditions are fair

Are the conditions being imposed on Greece too severe? They're probably not, but Greece does need our help with the reception of Syrian refugees. If Greeks themselves do not trust their own government and their own banks with their money, it is difficult ...

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How to make Greece rich

It is the greatest tourist destination on earth. If only the Greeks realized the possibilities.

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