Monday , February 19 2018

Recent News

Guest Post: Ordoliberalism, Calvinomics and Austerity in Europe

What is happening to Europe of austerity? Difficult to explain. Cheshire Cat has a post about it. Calvinomics  I have given up using economics to explain the rationality behind what happens in Europe. ‘European values’, as represented by every treaty since Maastricht 1992, are the rules and order of ordoliberalism. …

Read More »

Spain has the EU’s third highest rate of child poverty, after Romania and Greece

After the economic crisis and years of austerity, child poverty is on the rise in wealthy countries, according to Unicef. In Spain, the proportion of children living below the poverty line increased by nine percentage points between 2008 and 2014, to reach almost 40%. In Greece, one in four children …

Read More »

IMF lowers Greece GDP growth projection to 2.2 percent

The International Monetary Fund has lowered its projections on Greek growth from last fall and warned against “unreasonable forecasts” and “unjustifiable frameworks” by the country’s European creditors. In its World Economic Outlook, published on Tuesday, the Fund argued that growth in Greece this year will come to 2.2 percent against …

Read More »

Four dead, one survivor in military helicopter UH-1 crash in Central Greece

A military helicopter UH-1 with five people on board has gone missing in central Greece. the incident has set on alert the Greek Armed Forces, a huge search operation has been launched with the participation of the Army, the Air Force and the fire brigades. According to a statement issued …

Read More »

Turkish Purge: Young Lawyer flees to Greek islet off Symi

Turkish purge: A young Turkish lawyer was found on an uninhabited Greek islet, two days after the referendum in Turkey. The man was located by the Greek Coast Guard on Nimos islet in the north of the island of  Symi, very close to the Turkish coast in southeastern Aegean Sea. …

Read More »

UPD Family drama: Two toddlers abandoned outside church in Thessaloniki

A boy and a little girl were found abandoned outside the church of St. Panteleimon in Kalamaria, Thessaloniki on Tuesday afternoon. Residents who saw the toddlers roaming around alone for a couple of hours, called the police. The toddlers, a 3.5-year-old boy and a girl between 1.5 to 2 years …

Read More »

US Treasury Secretary Mnuchin talks to FT about Greece and IMF’s participation

US Treasury Secretary Steven Mnuchin gave no indication that the Donald Trump administration has any intention of standing in the way of an agreement between Greece and its lenders. In comments to Financial Times on Tuesday, Mnuchin said he hopes the Greek situation would be resolved in the near future. …

Read More »

Surprise! Theresa May calls on Early Elections on June 8

Theresa May has called an early general election for June 8 in an announcement that has stunned the political world. “Election is only way to guarantee certainty and stability in the wake of Brexit,” May says The Prime Minister had repeatedly denied that she would call an election before the …

Read More »

2.5 million Turkish referendum votes could have been manipulated, says observer

Up to 2.5 million votes could have been manipulated in Sunday’s Turkish referendum which ended in a tight ‘Yes’ vote for greater presidential powers, Alev Korun, an Austrian member of the Council of Europe observer mission, told ORF radio on Tuesday. The mission of observers from the 47-member Council of …

Read More »