Search Results for: Greek economy
Greece in tatters: Why snap election can’t save nation in crisis
August 24th, 2015
Greece is headed for its fifth general election in the last six years … After convincingly winning an election in January 2015 on an anti-austerity platform and securing a triumphant win for “No” in the referendum on a bailout deal in ...
Greece to get 6 billion euros in bridge loans if no agreement at Eurogroup
August 14th, 2015
Greece could get 6.04 billion euros in bridge financing if euro zone finance ministers cannot agree on the planned third bailout for Athens when they meet on Friday, according to German newspaper Bild, citing a European Commission proposal for ...
Bailout Money Goes to Greece, Only to Flow Out Again
August 3rd, 2015
The Greek businessman was nervous as he carried a suitcase stuffed with cash through security at the Athens airport a few months ago. But the distracted and overworked officials waved him through. A few hours later the man touched ...
Eurozone debt crisis: why the Greece deal will work
July 27th, 2015
The deal between Brussels and Athens is actually a good one for both sides Now that Greek banks have reopened and the government has made scheduled payments to the European Central Bank and the International Monetary Fund, does Greece’s ...
Greece’s headache: how to lift the capital controls?
July 27th, 2015
It is just the headache Greece‘s government does not need right now: how can it loosen the capital controls that are shielding its banks, but strangling the rest of the economy? For the past month, Greece has been financially ...
The Euro is Destroying the European Movement
July 23rd, 2015
“Terrorists”, “blackmail”, “lack of trust” are just some of the terms voiced during the recent negotiations between Greece and its Eurogroup partners during the recent Greek negotiations. There were even suggestions that Greece should leave the common currency altogether. ...
Post Referendum, Greece Will Not Leave The Eurozone
July 9th, 2015
Summary Even after the large victory of the “No” at the referendum, Greece will not leave the Eurozone. This is certainly the reason why financial markets kept a relatively cool head in the turmoil of this Monday. Let’s dig ...
Greece and its Slow Growth Problem
July 8th, 2015
I knew that Greece has not traditionally been the economic dynamo behind growth in the EU economy. I had not quite realized how far the Greek economy has lagged behind over the last several decades. Here’s a figure from ...
Greece Votes NO – Let The Chaos Begin…
July 6th, 2015
The result of the referendum in Greece is a great victory for freedom, but it is also threatens to unleash unprecedented economic chaos all across Europe. With almost all of the votes counted, it is being reported that approximately ...
Saudi banks unruffled by Greece-euro crisis
July 6th, 2015
Saudi Arabia‘s banking system remains largely insulated from the ongoing events in the euro zone, with high levels of liquidity and solid capitalization ratios, say top economists in the Kingdom. Their reaction came as early results from the referendum ...
