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Tag Archives: Economy

The Week: America is turning Puerto Rico into Greece

I can’t help but remember German Finance Minister Wolfgang Schaeuble every time I read somewhere the word “Puerto Rico.” In 2015, Schaeuble offered  US-Treasury Secretary Jack Lew swap burdens of Puerto Rico with those of Greece. Would the swap have been a good deal for Germany and the Eurozone? Hardly. …

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Varoufakis: Shortlisted Candidate for Children Book Award

Former finance Minister Yanis Varoufakis is one of the candidates for a Children Book Award. The name of Varoufakis is on short listed by the Greek Ministry of Culture for his book “Talking to my daughter about the economy” and in the category “knowledge books for children.” Varoufakis’s book was …

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One year Capital Controls in Greece – Was it worth it?

Remember that Sunday, on June 28th, a year ago? Remember the queues outside ATMs growing in a quick and non-stop pace? It was a day after Prime Minister Alexis Tsipras had announced a Referendum amid suffocating pressure from the European Union, financial dry out by the European Central Bank and …

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The Contra-Narrative: EU’s elites blackmail Greece

There is a another narrative to the usual “Greece doesn’t deliver”, “Greece sent reform list for the garbage bin”, “Greece does not try enough” and all the other nice things we have been reading since the new Greek government came into power. The counter-narrative is called: EU’s elites blackmail Greece. …

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Greek PM Samaras: “Two tourists for every Greek”

Many puzzle about what Prime Minister Antonis Samaras’ meaningful and mysterious oracle. He said that there will be “two tourists for every Greek”. What did the Prime Minister had in mind? Some wondered whether every Greek will have to host two tourists at home. Others  corrected the sentence stressing that …

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“Greece is exiting the MoU” – any idea what does this mean?

I’ve been hearing the Greek government saying the whole time that “Greece is now exiting the Memorandum [of Understanding].  Any idea what does it mean? I am asking this because me, common Greek, understands under Memorandum strict austerity and over-taxation and unemployment and recession”. Any idea what the Greek government …

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Gov’t spokesman: Greek economic recovery can be seen in TV commercials

I heard this unbelievable argument on Greek success and development this morning. Government spokesman Simos Kedikoglou was talking to Popi Tsapanidou, the presenter of LiveU morning news magazine at private Star TV. Talking about the outcome of the first round of municipality and regional elections and defending the government austerity …

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Mid-term plan: Greeks to pay additional €4.1billion in indirect taxes

Greek government may celebrate the primary surplus, but the financial gap remains. Greek companies and households will be called to pay 4.1 billion euro within the next four years 2015-2018. But as the government insists that they will be no new wages and pensions cuts, the revenues will come from …

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