How the world sees Greece
The capital controls that are in effect in Greece as of June 28 and the three week closure of Greek banks, have caused a significant shift in how Greeks make their transactions. According to Bloomberg, since June 28 1 million debit cards have been issued to Greek bank depositors. National Bank of Greece SA, the country’s largest bank,
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With the Greek Aegean islands, having received an unprecedented number of migrants and refugees in 2015, most of them hailing from Syria, the Greek Aegean University is considering enrolling refugees in its various departments. Aegean University Dean Stefanos Gritzalis told ProtoThema that the goal is to internationalize the university and to respond based on the realities that
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There would have been risks in restructuring Europe’s debt, but running those risks would have been well worth itThe International Monetary Fund’s acknowledgement that Greece’s debt is unsustainable could prove to be a watershed moment for the global financial system. Clearly, heterodox policies to deal with high debt burdens need to be taken more seriously, even in some advanced countries.Ever since the onset of the Greek crisis, there have been basically three schools of thought. First, there is the view of the troika (the European Commission, the European Central Bank, and the IMF), which holds that the eurozone’s debt-distressed periphery (Greece, Ireland, Portugal, and Spain) requires strong policy discipline to prevent a short-term liquidity crisis from morphing into a long-term insolvency problem. Related: Greek banking shares take another hammering as key talks continue - live Continue reading...
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Greek shares resumed trading on Monday after the suspension as part of capital controls imposed to stem a debilitating outflow of euros that ...
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ATHENS Greece's main stock index unofficially closed down 1.2 percent on Tuesday, a day after a record fall of 16.2 percent, but most losses were in ...
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Puerto Rico's failure to pay a bond that was due on Monday has set the US commonwealth firmly on the course to a general default or other forced ...
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François Hollande and Angela Merkel at the Elysée Palace last month: France and Germany need to take the lead in getting the euro project back on ...
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