Showing posts with label Greece politics. Show all posts
Showing posts with label Greece politics. Show all posts
Thursday, February 26, 2015

For Many Greeks, Taxes have been seen as Theft…

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…and thus massive tax avoidance and the huge informal economy. The Wall Street Journal explains : (bold mine) Of all the challenges...
Saturday, February 21, 2015

Grexit Drama: Greek Government Capitulates to Germans, Gets 4 Month Bailout Extension

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Last December I wrote that the populist political group which eventually took over the helm of the Greece government made empty promises w...
Thursday, February 05, 2015

Grexit Drama: ECB Suspends Greece Bonds as Bank Collateral

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The Grexit drama appears to be crescendoing. In a move to forcefully address the stalemate between the new government of Greece and the...
Friday, January 30, 2015

Greece’s Alex Tsipras to Germans: Greece will End the Brussels Extend and Pretend Policies

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In desperation, the average Greeks has turned to the radical left party Syriza for economic salvation. The Syriza h andily won almost a maj...
Wednesday, December 10, 2014

Bloody Tuesday: GCC, European Stocks Battered; Greek Stocks Collapse 13%!

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Add to the carnage in China’s stock markets , it has been a largely bloody Tuesday for global risk assets. The 4% crash in Europe...
Friday, September 27, 2013

European Recovery? Greece Reservist Calls for Coup

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Mainstream pundits keep saying that Europe has been on the mend mostly relying on surveys to backup such calls. They suggest that a Europea...
Tuesday, October 16, 2012

In Greece, Sales of Select Expired Goods Now Legal

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In Greece, food shortages signified by food price escalation has prompted authorities to allow the sale of select “expired” foods. From...
Tuesday, September 04, 2012

US Companies Prepare for Greece Exit

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More evidence of the financial market-real world detachment. Seen from the financial markets, Euro’s problems seem headed for a silver lin...
Tuesday, July 10, 2012

Taxing Greeks: Separating Reality from Fiction

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This terse article gives us a glimpse of the mechanics of how wealthy Greeks has successfully been able to avoid paying taxes From the Wal...
Saturday, June 23, 2012

Cartoon of the Day: Greece’s Pro-Euro Victory

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This cartoon by Robert Ariail depicting the recently concluded Greece elections gave me a good laugh. It’s hilarious but that’s the way...