Tag Archive | "crisis"

Smaller firms wiped out by the crisis

Highlighting the impact of Greece’s recession on small and medium-sized enterprises, the latest labor market data showed that the country’s 252 biggest employers provided work to one-quarter of the private sector’s total work force. Also, the data – compi… … Full News here – Latest News

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8/19/2014: Front Page: Hostage crisis ends peacefully

A 34-year-old farmer was to face a prosecutor in Kozani yesterday after he stormed a building housing the offices of the state organization that pays out compensation for farmers in Kozani, northern Greece, yesterday afternoon with a gun. According to… Full News here – Kathimerini English

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Crisis has major impact on the economics of immigration

Besides locals, the crisis that has been gripping Greece for the last six years has also had a major impact on the economic activities of immigrants. Unable to find work, large numbers of non-Greeks have been buying one-way tickets home. The trend is conf… … Full News here – Latest News

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Banks to return 2.86 billion euros in crisis loans to ECB next week

Banks will return 2.861 billion euros (2 billion pounds) in long-term loans to the European Central Bank next week after the ECB started to charge for holding banks’ excess cash overnight and promised more long-term loans. The amount that banks will repay… … Full News here – Latest News

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In Greek crisis, priest buys inmates their freedom

Germany made headlines this week by letting Bernie Ecclestone, the Formula One chief, pay $ 100 million to end his bribery trial. In Greek justice, money talks in a different way: Some inmates jailed for minor offenses are allowed to buy their freedom – at… … Full News here – Latest News

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8/2/2014: Front Page: Plans to tackle Russian crisis

The government is keeping a close eye on developments in the RussiaUkraine crisis in a bid to respond to any adverse effects it may have both on natural gas and oil imports, as well as on exports of agricultural products to Russia. The first crisis… Full News here – Kathimerini English

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Plans to tackle Russian crisis

The government is keeping a close eye on developments in the Russia-Ukraine crisis in a bid to respond to any adverse effects it may have both on natural gas and oil imports, as well as on exports of agricultural products to Russia. The first crisis meeti… … Full News here – Latest News

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Democracy ‘retreated’ during crisis, says Papoulias

The crisis caused the democratic process to “retreat” and that is probably the most dramatic side effect of the financial crisis noted Greek President Karolos Papoulias in a statement marking the restoration of democracy in Greece following the fall of th… … Full News here – Latest News

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IOBE warns crisis will return if reforms are not implemented

The Greek economy will expand by 0.7 percent this year but it risks slipping back into the mire of the recent crisis years unless the reforms are implemented, the Foundation for Economic and Industrial Research (IOBE) warned in its quarterly report publis… … Full News here – Latest News

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The Greek Economic Crisis Could Turn Athens Into a Major Beach Destination

The Greek Economic Crisis Could Turn Athens Into a Major Beach Destination While most waterfront redevelopments sit among empty quays and ex-industrial rust, this site is bordered on one side by one of Athens's wealthiest, most coveted neighborhoods, Glyfada. Calling the area "Greece's Beverley Hills" or "the Hellenic … Full News here – Read more […]

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Merkel praises Greek progress to exit crisis, launches new fund in Athens

Merkel praises Greek progress to exit crisis, launches new fund in Athens German Chancellor Angela Merkel sent a message of confidence in Greek economy during a visit to Athens Friday, praising her hosts for the progress achieved in the battle to exit the financial crisis, a day after the country successfully returned to … Full […]

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2/1/2014: Front Page: Islet crisis re-examined

Paying respect to the memory of the three Greek navy officers who died in the line of duty during the military standoff between Greece and Turkey in 1996 on the eastern Aegean Imia islets demands a cool-headed and thorough study of what exactly went… Full News here – Kathimerini English

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Merkel cautions against ‘deceptive calm’ as crisis risk remains

German Chancellor Angela Merkel called for a fresh push to create “real economic union” through changes to European treaties, saying that the euro-area debt crisis isn’t yet defeated. Addressing lawmakers in Berlin on Wednesday in her first policy speech … … Full News here – Latest News

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Cost of crisis is unevenly spread

Political considerations and recent court decisions deeming the wage cuts imposed on special categories of civil servants unconstitutional are making it harder for the bailout program to stay on track. This is not good news for the citizens who have borne… … Full News here – Latest News

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E-commerce gains ground thanks to the crisis

Greek consumers are the biggest users of electronic commerce in the south of Europe despite the fact that the penetration of the Internet and of online shopping has been somewhat delayed in coming to Greece, according to a study by E-Commerce Europe – the… … Full News here – Latest News

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