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…
Concerns linger on Greece’s economic growth as IMF calls for further reforms
Greece forges template for economic recovery as tourists pour in – By Helena Smith After six stark years of recession, debt-stricken Greece is drawing in holidaymakers at record-breaking rates It is Greece’s summer ritual: the arrival of the island ferry, funnels billowing, horns blaring, gangplanks screeching as wide-eyed tourists prepare to disembark. Last week in the wind-swept Cyclades, the isle…
A Greek Taxing Woman Faces Task of Restoring Confidence – By Nikos Chrysoloras and Eleni Chrepa Katerina Savvaidou, nominated Greece’s top tax collector, has her job cut out for her. The 41-year-old Supreme Court lawyer, university lecturer and PricewaterhouseCoopers manager was named late last night by Greece’s finance ministry to replace Haris Theoharis, who was ousted after he pursued claims…