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Greece Economy

By Embracing Responsibility, We Shall Overcome

Dimitris Maris | Posted 06.03.2016 | Business
Dimitris Maris

Greece needs to become identified with a term other than the crisis, with one or more words that would signal recovery and reconstruction.

Greece Has a Deal ... of Sorts

David C. Wittig | Posted 06.02.2016 | World
David C. Wittig

Greece finally passed its long awaited package of reforms, which follows the usual pattern. The Parliament was all too happy to raise taxes and social security contributions, but pension reform and the sale of NPLs is much less clear.

Greek Man Who Lost Job Now Works Full Time Feeding Those In Need

The Huffington Post | Elyse Wanshel | Posted 05.23.2016 | Good News

One man was fed up with seeing people hungry. Konstantinos Polychronopoulos, is the founder of O Allos Anthropos, or The Other Human, a Greek aid grou...

Amid Protests, Greece Passes Painful Fiscal Reforms

Reuters | Jade Walker | Posted 05.09.2016 | World

ATHENS (Reuters) - Greek lawmakers on Monday passed a package of unpopular pension and tax reforms that the country's leftist-led government hopes wil...

There Is No Settlement -- Part ?

David C. Wittig | Posted 05.04.2016 | World
David C. Wittig

There was no settlement between the EU and Greece before Greek Easter as promised. I wonder how many more times that headline will appear.

Nothing Has Happened

David C. Wittig | Posted 04.08.2016 | World
David C. Wittig

No, you did not miss my last article; I have not written since January 24, 2016. And no, nothing has happened in Greece since then ... no pension reform, no sales of NPLs, nothing. And, nothing is likely to happen for the foreseeable future.

In Greece, Constitutional Changes Without Constitutional Revision

Antonis Manitakis | Posted 03.14.2016 | World
Antonis Manitakis

Let us not use the Constitution and its revision as an alibi for political power to conceal its inability to tackle a political problem on political terms. And it is sad to see constitutional changes being used as a firework.

Europe Cannot Sacrifice Greece

Nicos E. Devletoglou | Posted 03.11.2016 | World
Nicos E. Devletoglou

Sacrificing Greece will not save Europe from having to come face-to-face with awkward, complex and hazardous realities. Nor is the fundamental question here one of simply centralizing the processing of asylum claims -- generated by a basically flawed system.

Greece’s Seniors Reveal The Harsh Truth About Nation’s Pension Crisis

HuffPost Greece | Alexandra Ma | Posted 02.16.2016 | World

On the verge of a drastic reform of the social security system, the Greek parliament is expected to vote this month on a new round of pension cuts. G...

Can FinTech Be an Opportunity for Greece's Troubled Economy?

Demetrios Pogkas | Posted 02.10.2016 | World
Demetrios Pogkas

FinTech is globally considered as one of the hottest sectors in startups right now, with VC fundings having been tripled between 2013 and 2014, toppin...

An Optimist Sees Opportunity

David C. Wittig | Posted 01.24.2016 | World
David C. Wittig

Each New Year seems to bring about a renewed optimism (unfortunately that optimism has already disappeared on Wall Street). Even I am beginning 2016 with the Greece glass half full. The weather is beautiful.

Greeks From All Walks Of Life Unite Against Austerity Measures

The Huffington Post | Alexandra Ma | Posted 01.21.2016 | World

Farmers in tractors, lawyers in ties, engineers in hard hats and hundreds of other workers across industries united in massive protests around Greece ...

A Photographer's Journey To Capture Greece During The Crisis

HuffPost Greece | Alexandra Ma | Posted 01.14.2016 | World

ATHENS, Greece - On April 23, 2010, Greece's then-Prime Minister George Papandreou addressed the world from the small Greek island of Kastelorizo. Pap...

You Can't Argue With a Sick Mind ...

David C. Wittig | Posted 12.29.2015 | World
David C. Wittig

To understand what is going on in Greece, imagine Bernie Sanders fighting to pass a significant reduction in social security payments in the U.S. in order to continue to prop up a host of insolvent banks.

Café Opens Its Warm Doors So Freezing Stray Dogs Have Safe Place To Sleep

The Huffington Post | Elyse Wanshel | Posted 12.22.2015 | Good News

This Greek island cafe is going viral for all the right reasons. Eustratios Papanis, an assistant professor of sociology at the University of the Aege...

Songs of the Doomed

David C. Wittig | Posted 11.23.2015 | World
David C. Wittig

Greece is being starved to death by a lack of capital. End the starvation, and the economy will turn around very quickly. In this case, starvation is the NPLs. The non-performing loans are strangling the Greek economy.

The Tipping Point?

David C. Wittig | Posted 11.07.2015 | World
David C. Wittig

If Greece continues to refuse to deal with the NPL problem, it is only a matter of time before the Europeans simply cut the Greeks off completely.

The Tipping Point?

David C. Wittig | Posted 11.07.2015 | World
David C. Wittig

Question ... "When is the tipping point?" Do you recognize it before it happens or only after? Has Greece already tipped over? The current governme...

Yet Another Deadline in Athens

David C. Wittig | Posted 10.09.2015 | World
David C. Wittig

The situation in Greece is approaching a nuclear meltdown. The economy is in a death spiral. It is hard to imagine how Greece can avoid a haircut for depositors.

Experiencing and Explaining the Greek Crisis With Children

Zanthe Taylor | Posted 10.08.2015 | Parents
Zanthe Taylor

What, if any of this, could our children understand? What have they taken away from their eyewitness view of the world's economic turmoil?

Standing with Attica for the Future of Greece

Rena Dourou | Posted 10.06.2015 | World
Rena Dourou

The case of Greece is worth standing for: due to its geopolitical burden in troubled times but also due to the fact that Greece belongs to the same community of countries sharing the values of democracy, liberty, social justice.

The Greece Polls Were Wrong Again

David C. Wittig | Posted 09.21.2015 | World
David C. Wittig

Syriza remains almost as popular, despite a confusing message. Is Syriza in favor of the agreement with the EU? They say, "Yes," but they recommended a "No" vote in the referendum. They seem to be doing very little to comply with the EU agreement.

Greek Election Day Minus 4

David C. Wittig | Posted 09.17.2015 | World
David C. Wittig

Athens is eerily quiet. The restaurants are half-full. If it were not for a few lingering tourists, the restaurants would be empty. Even the Nike store in Kolonaki closed in the last two weeks (in the interest of full disclosure the store was not owed by Nike, it was operated by Folli Follie).

A Late-August Dispatch From Athens

David C. Wittig | Posted 08.20.2015 | World
David C. Wittig

Perhaps the worst news for the Greeks is that the Germans have gone "radio silent." When the Germans were beating up the Greeks daily in the press, the Greeks were getting sympathy ... no more. Greece is on its own.

What The Greek Government Isn't Saying About The New Bailout Deal

The Huffington Post | Daniel Marans | Posted 08.12.2015 | World

The bailout deal Greece finalized with creditors on Tuesday, worth up to $94 billion, won't bring significant relief from austerity, contrary to Greek...