Category Archives: europe

Call It A Day, Greece

February 28, 2012 – 12:58 pm

Greece joined the EEU with hopes of modernizing its economy and reaping the benefits of one currency, however the banks loaned money to both the public and private sectors of the Greek economy like they were financing a crack binge. Since 2008 the EEU has struggled to lessening the Euro’s risk from the Greek debt. [...]

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Pane Gamisou

February 21, 2012 – 12:28 pm

Europe’s economic powers have issued the Greek cabinet a last bail-out plan. The indebted birthplace of democracy will receive 130 billion Euros in loans and 107 billion Euros in write-downs, but only if the government agrees to slashing more services and jobs from the public sector. A similar pact in 2010 was met by riots. [...]

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Oipho IMF

February 10, 2012 – 10:15 am

Western culture hails ancient Greece as the birthplace of its civilization. Throughout the 5th through 4th centuries BC Greece formed the basis of politics, architecture, art scientific thought, literature, and philosophy, but the nation has fallen on hard times due to its inescapable debt crisis for not following the classical advice Mēdèn ágan or nothing [...]

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Tabula Rasa Abracadabra

February 9, 2012 – 7:44 pm

The BBC reported today that Greece will have to accept new conditions for their bailout of 130 Billion Euros and one of which will be austere reductions to the public budget as well as salary reductions in the private sector. The Greek government has been backed into a corner by a debt greater than its [...]

By Peter | Also posted in economy, money | Comments (0)

Addi Luxembourg

February 3, 2012 – 2:42 pm

Most of my departures are without good-byes. Family and friends have offered to accompany me to airports and train stations. I have told them not to bother. My reason has nothing to do with sad farewells, but an old love for the title of the film NOBODY WAVED GOODBYE, even though I never saw the [...]

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