Firesale privatization of Greek State Assets Raises Concerns for Future of Greece, accusations of Corruption In order to repay its sovereign debts, the Greek government has placed everything from a police headquarters in Athens to leasing private beaches on the auction block to raise much-needed funds. As part of its bailout of Greece, the International Monetary Fund […]
Read MoreGreek President Karolos Papoulias has announced that talks to form a coalition, technocratic government have failed and new elections are expected. Evangelos Venizelos, leader of the Panhellenic Socialist Movement (PASOK), has presided over three failed coalition talks and is now instrumental in forming a caretaker government to chaperone Greece into its next round of elections. […]
Read MoreResponding to Greek leftist coalition Syriza’s leader Alexis Tsipras’ vow to abandon the debt resettlement terms, German leaders vowed today to cut Greece off from any international monetary aid if they fail to support the debt renegotiation settlement terms. Struggling to form a government in the wake of the May 6 elections, Greece’s leadership has […]
Read MoreThe fate of Greece rests in the hands of a newly elected far-left leader, Alexis Tsipras, propelled to power on a platform that Greece could no longer support her international loan agreements. The anti-austerity, leftist coalition, Syriza, emerged surprisingly strong after this past weekend’s poll, winning 16.8% of the vote. News of Greek anti-austerity measures […]
Read MoreOn the heels of the saving of the Euro comes fresh news of Greek disorganization and economic mismanagement. According to this article by Ian Cowie from the UK’s Telegraph, there are more Porsche Cayenne SUVs in Greece than people who can afford them according to their income tax declaration forms. An income of 50,000 euros […]
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