Athens


The truth of why Europe wants Greece to suffer

Another reason why Belize should be paying attention to what is going on in Greece and start to make changes before we get to the same place. The truth about the never-ending financial crisis & the cult of extreme austerity Greece’s financial nightmare has lasted five years now. There’s no sign of real relief—for a very specific reason   For someone who writes about economics, the situation in Greece offers two enticing elements: the ability to spin out moments of high drama, and the probability it will endlessly repeat forever. We’ve experienced five years (really, here’s one of my first […]


Want to know the future of Belize? See Greece

Pay attention to what’s happening in Greece. We’ve posted about this before and things di geh dread as we say in Belize. Greece is slowly being led to slaughter house and Belize is going to the same place, Greece is at the door, Belize is making it’s way down the chute. Greece’s economy will be locked down with capital controls if it can’t find a deal by the weekend European governments are ready to push for capital controls in Greece would mean a severe lockdown on flows of cash … strict limits on the amount that could be withdrawn from […]


The 'Grexit' Issue and the Problem of Free Trade

By George Friedman The Greek crisis is moving toward a climax. The issue is actually quite simple. The Greek government owes a great deal of money to European institutions and the International Monetary Fund. It has accumulated this debt over time, but it has become increasingly difficult for Greece to meet its payments. If Greece doesn’t meet these payments, the IMF and European institutions have said they will not extend any more loans to Greece. Greece must make a calculation. If it pays the loans on time and receives additional funding, will it be better off than not paying the […]


Greece – the Country we should be studying for what NOT to do

Seeing how the International Financial market has led nations to be on one knee and some with seemingly no hopes of getting back on their own two feet; Greece stands out today as THE example of what NOT to do to get yourself out of the hole you were thrown into. Open you browser and search for Greece and it’s financial woes and you will understand.. A bit ago we posted What happens when a country Defaults on their Foreign Debt or gets a Bailout to avoid Foreclosure? and ‘Meddlers’ upset Greek sell-offs both articles describe the dire situation in […]


'Meddlers’ upset Greek sell-offs

Austerity measures have provoked demonstrations in Athens. Photo: REUTERS/Yiorgos Karahalis By Colin Freeman – 7:00AM BST 26 Aug 2012 Greece’s attempts to balance its books by selling off its bloated state sector are in disarray because of political meddling, the country’s former privatisation chief has warned. Costas Mitropoulos, who resigned last month from the Hellenic Republic Asset Development Fund, told The Sunday Telegraph that a lack of “political visibility” around the privatisation programme meant there was little prospect of investors committing at present. As chief executive of the fund, Mr Mitropoulos, 57, a former executive chairman of Eurobank EFG Equities and […]