Entries tagged "Greek economy"



Eurozone Storm Clouds Have Silver Lining For Some

Paul Müller 14 may 2012 

The Eurozone crisis may be threatening to ruin the lives of many Europeans, from Greece and Spain, to Ireland and Italy - but, as always, there is a silver lining for some. 

Europeans whose currencies are outside the Euro can look forward to a very pleasant Summer on the continent because ...

The $1 trillion EU Bazooka

James Johnston 27 mar 2012 

German politicians are relaxing their opposition to raising the emergency bail out fund.

Throughout the Greek crisis German finance ministers made it plain they were not prepared to underwrite so called “blank cheques” to help protect the most distressed EU states from the actions of the markets. At times their ...

Greek Haircut As Voluntary As Confession At Spanish Inquisition

Paul Müller 12 mar 2012 

The $140 billion “haircut” imposed on private investors involved in the Greek bailout has been described as “about as voluntary as a confession during the Spanish inquisition.”

Up to now European banks involved in trying to prop up the economically shattered country seemed to indicate that any solution would have ...

The Sun Is Still Shining For Greece's Tourist Industry

Richard Ricci 20 feb 2012 

There may be people rioting in the streets of Athens - but there’s a rare piece of good news for Greek’s struggling economy this week. New figures suggest that their all important tourist industry is going to remain intact, with MORE rather than less people planning to visit the ...