Thanos Dimadis

Those not being familiar with the new emerging reality in Greece should know that it is a country within which currently one in two young people are jobless, the recession overcomes the 5 percent as a percentage of the GDP and many employees are being forced...

Last week, Greece's European neighbors and the IMF made their decision which has been breathlessly anticipated by the Greek people living with the looming specter of a national economic crisis. According to this decision, Greece will be supported with a new rescue package of 130 billion euros that...

Certain analysts have claimed that Greece does not deserve the new financial support provided by its European partners and the International Monetary Fund. Some say that the country has not done as much as it had to do in terms of reducing the deficit, putting its fiscal house in order...

Everything has to do with politics. Every country is governed by politicians; any economy runs based on political decisions; our own future is defined by the choices of those leaders who we have elected.

As I have pointed out in the past, the crisis that Greece is experiencing today...

Christine Lagarde's appearance in her first press briefing as the new IMF head created reasonably high expectations about the new promising prospects she opens for the requisite restoration of the organization's image. The unprecedented arrest of Dominique Strauss Kahn deprived IMF's staff of his beneficial ability to lead the Fund...

In his recent story, titled "Obama's Partner in Athens", the respectful Brookings Institution's managing director, Mr. William J. Antholis tried -- among other things -- to persuade us that George Papandreou is probably the "Barack Obama of Greece". I would definitely say, "no, he is not". Although the...

Thousands of indignant Greek people, surrounding all these days the heart of Athens and many other cities in Greece, have combined their voices with millions of other citizens of European countries who are protesting throughout Europe against the current economic meltdown, the increasing unemployment and the bad prospects for their...

Although ancient Greece is considered to have transmitted the light and ideas of democracy throughout the world, nowadays modern Greece seems to lack a real Democracy, a fact that makes Greek people feel even more frustrated. The current economic crisis hitting Greece is only one incidental reason for the general...

There is a motto in the Greek language which is often used and refers to how Greece treats young people living in the country and struggling to succeed in their life. It is usually said that "Greece strangles its own children". It is a phrase which does not have, of...

In one of his recent statements, the Turkish Prime Minister Recep Tayyip Erdogan, referring to the Cyprus problem, once again insisted on denying reality and distorting the truth commonly admitted by the European Union, the United Nations and other international organizations and states.

While Turkey blames the EU for...

Yesterday's massive strike in Greece and the thousands of people who demonstrated in the center of Athens and many other Greek cities proved once again that Greece is under an unprecedented "social war" that no one knows when it will end. Greek society is dominated by anger against the unfair...

The Greek economy continues to stand on the edge of the cliff. Despite the EU-IMF' s bailout, -- the unprecedented austerity program of cutting wages and pensions implemented by the Greek government and a tough tax invasion pushing down the buying power and income of the middle class -- the...

Two of the "P.I.G.S." group members, Spain and Portugal, seem to have a strong likelihood of avoiding any kind of European and IMF external funding assistance, through the same mechanism imposed in Greece and Ireland in exchange for the implementation of a tough austerity measures program. Contrarily, debt-ridden Spain and...

Over the last year Greek Prime Minister George Papandreou made bold efforts to persuade the European Union and the global financial markets that his government is determined to take tough austerity measures to fight the huge budget deficit and restore the credibility of Greek economy. It's an historic task that...

Most of us may have been informed of many aspects regarding the Euro zone's debt crisis and particularly of the risk that the EU members run of getting caught in a vicious cycle of instability, which would definitely cause disastrous effects on the financial system, not only in Europe but...