Private Bad Debt Buildup Casts Shadow on Greek Rebound By Eleni Chrepa and Nikos Chrysoloras To Aristides Belles, it’s clear what’s blocking Greece’s recovery: a quiet build-up of about 164 billion euros ($208 billion) in bad loans. “The inability of Greek companies to repay their loans to banks and their dues to the state is clearly holding back Greece’s return…
The world in which our desires materialize provided we strongly want it is a perfect world. It has only one weakness: it exists in our imagination – and in bad literature. Students of politics prefer to focus not on the power of will, but on the impact of external constraints. Practitioners of politics and policymakers naturally tend to blame outside…