In the Greek Orthodox tradition, the events of Good Friday begin late Thursday night, and proceed step by step with elaborate rituals and incense-fill...
Additional policy measures -- beyond monetary policies -- are vital to make a durable exit from the global financial crisis and to safeguard financial stability. Crisis legacies need to be addressed. The traction of monetary policies must be increased with complementary reforms and financial excesses need to be contained.
Our Easter special for public television is in the can. We finished shooting on Eastern Orthodox Easter -- which was this past Sunday -- in Nafplio, Greece. A fun part of my work is to give another culture meaning so it becomes less foreign to an American visitor.
Five years into Greece's fiscal emergency, the Troika is justifiably skeptical about this week's make-or-break negotiations with Athens. Its leaders have heard these commitments before. For Syriza, this will be its most important test.
Behind the numbers lies an unusually complex set of forces shaping the world economy. Some, such as the decline in the price of oil and the evolution of exchange rates, are highly visible. Some, from crisis legacies to lower potential growth, play more of behind-the-scenes role but are important nevertheless. Let me briefly review them.
Because Eastern Orthodox Christians use a different calendar than western Christians, Orthodox Easter was a week later this year. While some countries do Christmas with more gusto, it's clear Greece (along with Spain) pulls out all the stops for Easter.
BERLIN -- Great crises often produce enduring images. For the Israeli-Palestinian conflict, this has often been a terrified child cowering behind protective parents; for 9/11 it was brave firemen rushing headlong into collapsing buildings. Last month saw what could become one of the lasting images of Europe's unending crisis: the sight of burning cars and buildings after riots outside the European Central Bank.
I believe that one of the biggest things that will occur in this century is the diminution of theories of national economics. What's happening in Greece and Argentina right now suggests that this should happen -- sooner rather than later. Each of these countries is in conflict with the national law of a foreign country. Greece is in conflict with German law, Argentina with U.S. law.
There is a tense standoff right now between the Greek government and the European authorities -- sometimes known as the Troika because it includes the European Commission, the European Central Bank (ECB), and the International Monetary Fund (IMF).
Growing up with a Catholic father and Greek-Orthodox mother, I just assumed everyone celebrated two Easters. You can only imagine my confusion when I learned that I was the only kid in my second grade class who observed two different Easters.
Global issues like the spread of ISIS, the weak global economy and Middle East turmoil will continue to burden us this quarter. These are factors that may hinder stability in the international system - that's global political risk in a nutshell. But what can we expect of domestic political risk in the second quarter of 2015?
If you haven't tried tsoureki before, then you are certainly missing out!
The mind boggles. Because no one seems willing to appreciate, whether in Berlin, Brussels or Athens, that the situation could easily be normalized at this stage if the Greek sovereign debt were accordingly adjusted in real terms to compensate for such "unintended" damage.
This Easter, I am returning to Lefkada to celebrate with my family. And, even if it may not be the same as in my childhood, I will be overjoyed to hear my father chanting again.
You've probably started a list already and spent countless hours behind your computer daydreaming...but here are a few of our favorites that you might want to take a look at.
I find myself immediately in the island's lull, falling into its idle routine. Its alchemy is restorative, cathartic, elemental--swimming every day in the sea, driving through the amber pastures of arid farmlands, eating the same simple Greek dishes you find at every little taverna.