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Economic crisis, technological growth
Economic crisis, technological growth
Adéa Guillot

ATHENS — Over the past three years, the European country most affected by the global economic crisis is without doubt Greece. Today, almost six in 10 young people are unemployed, 58.8% of those under 24. Many have also moved abroad since the country has struggled to recover from the recession. The “troika” (the International Monetary Fund, European Central Bank and the European Commission in Brussels) returned to review the country’s progress in Athens earlier this month, keeping the pressure on for Greece.

If we leave, what will be left of Greece when it comes out of this crisis?” asks Georges Spanoudakis. The 29-year-old heads up Pinnatta, a flourishing startup created barely three years ago. “I used to run an enterprise in the Silicon Valley, when I realized that there was a huge market for electronic greeting cards. At the time, the industry was valued at 8 billion euros, and experts estimate that it will reach 36 billion in the next three years.”

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Geopolitics

Has Lebanese Politics Finally Freed Itself Of Iran's Influence?

Lebanon's recent elections have shrunk the legislative block led by national power-brokers Hezbollah. But will a precarious new majority be able to rid the government of the long shadow of Tehran?

Supporters of pro-Iranian Hezbollah sit in a street decorated with picture of the party chief Hassan Nasrallah

Ahmad Ra'fat

-Analysis-

The results of parliamentary elections in Lebanon, have put an end to the majority block led by Hezbollah, the paramilitary group concocted by the Islamic Republic of Iran. Hezbollah and its Christian allies, the Free Patriotic Movement, led by President Michel Aoun, lost their 71 seats and will now have 62 (of a total 128 seats).

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