KATHERIMINI (Greece), THE GUARDIAN (UK), REUTERS Worldcrunch ATHENS – The three-month old Greek coalition government is facing its first anti-austerity general strike Wednesday, with disruptions bringing the country to a standstill. Greek public sector unions have called a strike that is likely to draw thousands of workers out into the street today to protest against […]
Tag: greece
BRUSSELS – Greece needs at least two more years and an additional 30 billion euros in order to be able to meet the targets set for it by the euro zone countries, European sources tell Süddeutsche Zeitung. When – and indeed if – the country gets money from the second bailout package is unclear. In […]
In the face of the European debt and financial crisis, Hamburg-based economist Dirk Meyer has a “third way”: a system of parallel currencies. A professor at the Helmut Schmidt University of the armed forces, Meyer is convinced that in its present form the euro zone is simply not sustainable in the long term. He used […]
LE TEMPS (Switzerland), DER SPIEGEL (Germany) Worldcrunch As Greece remains under the watchful eye of Angela Merkel and the IMF to make sure it imposes strict austerity measures, there is one governmental budget that has largely escaped cuts: the defense department. Alexandre Trauvers, writing in Le Temps, reported that Greece’s defense budget amounts to around […]
BILD (Germany), CHANNEL 4 NEWS(UK), ATHENS NEWS (Greece) Worldcrunch Greek Prime Minister Antonis Samaras is meeting with eurogroup leader Jean-Claude Juncker in Athens on Wednesday, after asking “more time for cuts” in an interview with German publication Bild. Mr. Samaras rejected the possibility of an exit from the euro zone and a return to the […]
OP-ED – A German newspaper recently published a list of the “ten most dangerous politicians in Europe.” When something bad happens we immediately start looking for someone or something to pin the blame on. It makes no difference if the “bad” thing was the capsizing of a cruise liner, a war that ended in a […]
BBC NEWS (UK), ASSOCIATED PRESS (USA) Worldcrunch Inspectors from the European Union, the European Central Bank and the International Monetary Fund arrived in Athens on Friday to meet with Greek authorities, who hope to convince their international creditors that Athens should receive the final installment of 31.5 billion euros in bailout money. Greece is facing […]
With its blue waters and soft breezes, the island of Zante is the essence of a Greek paradise. It turns out it was also home to widespread scams of state benefits that help explain what is so deeply broken in modern Greece.
It may look like art, but it’s just a beautiful dress: Mary Katrantzou is leading fashion’s digital print boom, a new generation of designers creating clothes with the help of such tools as Photoshop.
Once a gateway for illegal immigrants hoping to hop a ferry to Europe, the Greek port of Patras is now a dead end, where refugees must now also face growing hostility from the popular Neo-Nazi political party Golden Dawn.
Even if he was considered a “pro-Europe” option, the Conservative victor in Greece’s Parliamentary election does not enjoy a shining reputation around the continent.
Worldcrunch CNN, DIE ZEIT, BLOOMBERG LONDON – World leaders have enthusiastically welcomed the narrow election victory of Greece’s pro-bailout New Democracy and Pasok parties –world markets, not so much. The center-right New Democracy and center-left Pasok parties won a combined 162 seats in Greece’s parliamentary elections, enough to form a majority in the 300-member parliament, […]
[dailymotion https://www.dailymotion.com/embed/video/xrkm8a expand=1]Greeks ready for future-defining poll by reuters
ANT1 (Greece) ATHENS – Only weeks after the neo-Nazi Greek party Golden Dawn entered Parliament, one of its deputies physically attacked two left-wing women rivals during a TV show on ANT1. Ilias Kasidiaris, Golden Dawn’s spokesman, exploded when Rena Dourou, from the far-left party, referred to Kasidiaris’ current trial for armed robbery. Kasidiaris stood up […]
LE MONDE (France) THE GUARDIAN (United Kingdom) PARIS – It may be a sign that the euro zone crisis is reaching a new low when political leaders say out loud what they share behind closed doors. The typically careful managing director of the International Monetary Fund (IMF), Christine Lagarde, has let loose with some plain […]
Top economists at Germany’s Deutsche Bank suggest creating a second “parallel” currency, alongside the euro, to save Greece. They also believe Greek banks should be turned into a European-managed “Bad Bank,” a
LES INROCKUPTIBLES (France) ATHENS– “The time has come for this country’s traitors to fear us,” said Nikolaos Michaloliakos, leader of the Golden Dawn, the neo-Nazi movement that won 7% of the seats in Greece’s Parliament this past Sunday. Until a few weeks, reports the Inrockuptibles magazine, no one had heard of these skinheads. Here’s the […]
For some northern Europeans, Greece’s economic crisis may be just the opportunity to finally have a sun-soaked Mediterranean vacation home. Property prices are down, with some sea view plots going for as little as 30,000 euros. Still, would-be buyers shou
Greek intellectual Nikos Dimou published a book in 1975 slamming his native country’s failure. Now published for the first time in German, “On the Misfortune of Being Greek” is painfully relevant to understanding the current crisis engulfing the
Europe’s job seekers can expect tough years ahead. Cedefop, an EU agency, predicts slow employment growth will continue to come down disproportionately hard on the educated youth. Some are even asking if a university degree is still worth the time and mon
Op-Ed: Blinded by its own visions of grandeur, Europe dropped the ball years ago and will make things worse by turning the keys to the empire over to Goldman Sachs-trained “experts” like Mario Monti and Lucas Papademos. Folks, we are witnessing a train wr
The euro zone countries and the IMF are now making it clear to Greece: bailout cash will only come after the kind of drastic reforms that would effectively transform Greek society. But are the measures too drastic to make it possible?
Along the river Evros, at the Turkish border, the Greek town of Nea Vyssa has become the first point of arrival for immigrants coming from all points east. Nowhere can you see better both the hopes and futility of the waves of immigration that continue to
The Fitch ratings agency offers the latest vote of no-confidence on Italy’s finances, as the situation only grows worse in Greece. Germans try to measure whether the vicious cycle of bailouts will ever end.
Splitsville for Sarkozy and Bruni, Germany buys its way to a soccer championship, Greece can’t kick the habit, China stimulates itself to new heights. Meanwhile, Paul Krugman can’t be satisfied, even as Sarko finds a new bride. These and
Essay: The West traces its origins to Greece and its Mediterranean neighbors. The region’s history and traditions continue to inspire, even as developments there warn us against taking capitalism and its social benefits too far.
Throughout the euro zone, banks are quietly hemorrhaging money as nervous clients seek safer havens for their cash. Some large companies deposit directly with the European Central Bank. Other clients are looking north, to the presumably more secure Scandi
Outside creditors aren’t the only ones loathe to throw money Greece’s way. Would-be taxpayers have been unwilling to part with their cash, according to a new EU Commission report that found the Greek government may have to write off some 30 billion euros
Op-Ed: Rescue plans were the focus of this week’s high-stakes EU summit in Brussels. But anyone really wanting to know how Europe is doing should stop looking to its leaders, and talk instead with the region’s struggling business owners and unemployed wor
Both Greece and its fellow euro-zone member countries must decide whether to bet on a future of shared sacrifice and common rules. Europe’s post-War dream of a union to avoid the continent’s history of warfare is facing its gravest risk
Germany continues to shoulder much of the load when it comes to Europe’s bailout of Greece. For some Greeks, that’s just as it should be. After all, Germany still has billions of euros in unpaid reparations bills from World War II. Die Welt takes a closer
Name the color, name the odor: Local factories have long been dumping all kinds of pollutants into the river north of Athens. Will the arrival of legendary American activist Erin Brockovich make a difference?
Op-Ed: Deeply indebted euro zone countries are hoarding significant quantities of gold reserves: Greece has 4 million ounces, Portugal’s stash is worth 13 billion. But instead of selling it to pay off their creditors, they’d rather ask t
Unemployment, economic hardship, and the shame of being considered Europe’s black sheep – the Greek have never been so dispirited. And the number of cases of clinical depression and suicides is soaring.
Greece’s deepening economic crisis is prompting some lifelong city-dwellers to return to their ancestral villages, where they are taking up farming, opening B&Bs and rediscovering the quiet charms of rural living.
In the small Greek village of Kalapodi, German archaeologists have excavated one of the primary Greek sanctuaries of the ancient world: the Oracle of Abai.
A new study rejects the hypothesis of suicide, concluding that Callas’ vocal decline and 1977 death were caused by a degenerative disease. Maria Callas, Henry Koerner, Oil on canvas, 1956 (via Flickr) BOLOGNA – To this day, the causes of both the vocal decline and eventual death of legendary soprano Maria Callas have remained a […]