The IMF has reached an agreement to reduce Greece's public debt to below 110% of GDP by 2022 and to ensure its repayment. The compromise avoids the need for a haircut on Greek debt held by eurozone governments in the short term. However, the deal, if implemented successfully, exhausts most options available to reduce Greek debt other than an outright write-down of Greek government debt.
TEDxAthens this November, took the format even further by focusing on 'The Ones Who Do'. The theme seemed entirely appropriate, given the country's current lack of belief in the system and in the future. "Our choice of topic is not only local but urgent: we need to turn thought into action today", one of the organisers Dimitris Kalavros comments.
LGBT communities in Greece are experiencing an alarming rise in the number of violent hate crimes, according to a researcher writing for the Huffingto...
Historian Laurence Rees, author of The Dark Charisma of Adolf Hitler and producer of the titular BBC documentary, spoke at the London School of Economics last night on the nature of leadership - mainly, how could significant portions of populations support groups such as the Nazi Party or Golden Dawn?
Investors and business leaders - on whom the country's economic recovery depends, can no longer be certain of the UK's liberty and protection under the law. At the very time other crisis economies are cutting costs and increasing certainty, business in the UK will have to contend not just with statutory rules and the costs they impose on employers. They will also face the consequences of pressure-group politics, in which politicians abandon the labour market to the unpredictable operations of twilight law.
If anything, the timing of the Nobel Peace prize is ironic. If the European Union is serious about sticking to the values and the principles upon which it was formed, it must recognise that bringing unity to a country where the memories of civil war are all too recent is paramount. Austerity measures will do nothing but create unrest and divide country, allowing parties such as Golden Dawn to rise up through the cracks.
If one man in Stroud can find a viable alternative to powering cars over 150mph, surely the best brains in the country can work out how to pull Britain through the recession? Written like that, it sounds so simple, doesn't it? So, if there's a consensus that what we're doing now isn't working, what is the alternative? Certainly in Europe, the politicians haven't convinced the electorate that austerity is the way forward. Witness the general strikes in Greece and rioting in Spain. When there is no alternative, people take the law into their own hands.