Daily Archives | Greece
A Possible Greek Exit From the Euro
May 18th, 2012
READ MOREThe European Central Bank and the European Commission are making contingency plans for a possible Greek exit from the euro, according to a note published by BBC News. Karel De Gucht, trade commissioner, considers that the plans could minimize any …
A Coalition Against Bailout Deal in Greece
May 9th, 2012
READ MOREGreek leftist Alexis Tsipiras, said that if he becomes Greece’s prime minister he will try to cancel the international loan agreements. He has asked the two major parties to reject “barbaric” austerity measures. “We will exhaust all possibilities to reach …
Greece: a “Time Bomb”
May 8th, 2012
READ MOREAn article published by BBC news explains the Euro decline after the elections held in France and Greece. The euro reached its lowest level since January against the dollar: $ 1.295. In Greece the Syriza party which has opposed austerity …
Anti-German Feeling in Greece
February 28th, 2012
READ MOREGreek citizens feel uncomfortable with the austerity measures imposed by the European Union, especially Germany. The tension between both countries has grown steadily. German media consider Greeks lazy and unproductive and tension reached its highest point when Greece’s bailout was …
The Human Consequences of Greek Crisis
February 24th, 2012
READ MORECNN News has published an interview with nine Greek citizens about the consequences that austerity cuts are having on them. Konstantinos Papaioannou, Greek language teacher and columnist, says that all citizens are affected, especially vulnerable groups that are living below …
A Second Bailout for Greece
February 22nd, 2012
READ MOREOn Tuesday morning the finance ministers of the euro zone signed a deal for a second bailout for Greece including US $ 173 billion in new financing. The new deal provides short-term relief but the situation is still complicated considering …
Greek Museum Robbed
February 20th, 2012
READ MOREGreece is living one of the worst times in its recent history. The austerity measures to deal with the economic crisis have awakened social unrest and its economic troubles have unexpected consequences. Past week Mexican newspaper El Universal published a …
Versailles 1919 / Greece 2012
February 16th, 2012
READ MORERichard Quest, CNN Correspondent in Greece presents an interesting comparison between the austerity program in Greece and the way Germany was treated after World War I, when it suffered territorial changes and military and legal restrictions imposed by the Allied …
A “Dramatic Dilemma” for Greece
February 9th, 2012
READ MOREIn a statement issued after the meeting with officials of the European Union, the International Monetary Fund and the European Central Bank, Greek Finance Minister Evangelos Venizelos has acknowledged that Greek people is facing a “dramatic and acute dilemma”. The …
Greek Unions Reject Austerity Measures
February 8th, 2012
READ MOREThe crisis in Greece is deepening and social unrest grows fast. Greek union members went into a daylong strike on Tuesday to protest against new austerity measures sought by foreign lenders to reach an agreement on a new bailout package. …