greece economy

Compromise is required by both sides. In his comments about 'flooding' Europe, Kammenos made no effort to disguise the fact that this 'policy' was informed by vengeance only, saying "if they strike us, we will strike them." And while some Greeks may feel they have the moral high ground, the EU states must be careful to ensure the same contagion isn't infecting their thinking too.
Pity the Greeks. Today as they commemorate their 'OHI' to Italy's fascist regime and their joining the Allies in World War II, instead of enjoying the traditional military parade as it snakes through the plateies festooned with white and blue ribbons and flags, they will be contemplating a far grimmer scenario...
As you may know, we have been in Greece for the past two weeks. We flew in the same Saturday the Greek government announced
Greek finance minister Yanis Varoufakis resigned on Monday, just hours after the country's resounding vote in a nation-wide
Ultimately, that is all it takes - changing the political perception of what is merely cost, and what has real value in people's lives. Paying to gain access to the resources of real wealth-creation is a cost in human terms; the work that people choose to do because it brings undeniable benefit to their lives has value, even if no money changes hands.
The only sensible way forward is to cancel the Greek debt (or at least substantial swathes of it) and for the international community to support Greece's democratically elected government to rebuild its society and its economy. I ask my fellow Labour leadership candidates to echo this call to the Prime Minister, and for him to heed this call. It is in our own interests to do so. Let's use this as an opportunity to remake a Europe of solidarity.
As for the EU, there's little else to say. They have gone from promising the earth and the heavens to their citizens, to becoming the executioners of the IMF and their own bankers. Pity they cannot see that by carrying out like this, they are not just destroying Greece but also the very foundations of their precious and profitable political and economic unity. For them, too, the hour of reckoning is nigh.
The post-war generation to which my uncle belongs has left us a precious legacy of democratic institutions. It is to be hoped that the current generation of politicians, diplomats and citizens can protect and build on it.
They tell me under this island is Europe's richest deposits of oil and gas, the Chinese Prime Minister visited this month, and the government here are getting paid to allow the Syrian Chemical weapons arsenal to be poured into the sea just off the North Western coast... Exactly why is this Doctor serving me coffee earning a little over 400 euro per month (£320 approx.) in the process? She can't answer that one either.
Amid the debt crisis and concomitant economic depression, the Athens Stock Exchange (ASE) lost 91% of its value between its