Trendy Ancient Greek Sandals Elude the Economic Crisis in Greece
There are many readily evident examples of the economic crisis that has gripped Greece over the past several years. Businesses have closed, shops remain empty and not many new businesses have managed to flourish given the banking situation making it...
Greek Government Agrees to Hold Discussions with IMF Over Pension Reform
Tsipras’ Syriza-led government has done more somersaults since it came to power than an acrobatic gymnastics team in Olympic competition. Take for example its stance on the IMF and the so-called Troika in general. First, Tsipras and his lieutenants promised...
Finance Μinistry, Greek Banks Say they're Positive About Results of Recapitalization
Greece ’s finance ministry and the country’s main lenders expressed on Sunday their optimism about the outcome of the third bank recapitalization, following the announcement of the results of European Central Bank’s stress tests on Saturday. Banks are now...
Economy Minister: New Development Law to Be Implemented Jan.1
"The new development law will be implemented as of January, 1, 2016," Greek Economy Minister George Stathakis said on Thursday. "Youth entrepreneurship will constitute the basis for Greece 's growth. We are giving priority at all levels, and this is...
Fitch Downgrades Greece to 'CCC' from 'B'
Fitch Ratings has downgraded Greece's long-term foreign- and local currency Issuer Default Ratings (IDRs) to 'CCC' from 'B'. The issue ratings on Greece's senior unsecured foreign and local currency bonds are also downgraded to 'CCC' from 'B'. The Short-term...
German Music Video Portrays Greek FinMin Varoufakis as Hercules; Goes Viral
German outlet Neo Magazin Royale produced a music video poking fun at the German stance towards Europe and Greece that Greek Finance Minister ("and Financial Hercules") Yanis Varoufakis is here to change! This is what the Germans wrote about their...
Europe's "Hope Ceiling"
By Ioannis Patrikakis* The current state of affairs in the Euro zone clashes with the basic principles of Aristotelian Ethics philosophy. Aristotle is describing a "flourishing state of the mind," (Evdaimonia), as the perfect aspiration for all human beings. After...
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