French Soldier Stabbed in Paris, Investigators Seek Link to Woolwich, UK Murder Riots in Sweden Spread Beyond the Capital of Stockholm Suicide Bomber Strikes in Dagestan Attacks on Muslims in the UK Increase in Wake of Woolwich Murder Google to Bring Wireless Internet Access to Africa British Police Arrest 3 More in Connection to Woolwich [...]
Tag Archive | "Sovereign Debt"
Greeks Sell-Off Assets to Repay Debts in Europe’s Newest Onion Economy
Posted on 21 January 2013.
Firesale privatization of Greek State Assets Raises Concerns for Future of Greece, accusations of Corruption In order to repay its sovereign debts, the Greek government has placed everything from a police headquarters in Athens to leasing private beaches on the auction block to raise much-needed funds. As part of its bailout of Greece, the International Monetary Fund [...]
Posted in Global EconomyComments (0)
Three-Party Coalition Greek Parliament Passes Law to Boost Tax Revenues by $3 Billion Annually
Posted on 12 January 2013.
The move comes from the coalition government in Greece’s parliament in order to appease creditors to the debt-ridden state as part of its bailout agreements. The law raises taxes on top earners, simplifies tax brackets, and extends income taxes to farmers. As part of its $45.5 billion bailout, Greece has to pass such laws even [...]
Posted in UncategorizedComments (0)
After a Two Month Detention in Ghana, Argentine Ship ARA Libertad Released
Posted on 10 January 2013.
Originally held for Argentina’s refusal to pay sovereign debt obligations from a 2002 default, the ARA Libertad was released from its seabased prison in Ghana and returned home to fanfare and parades in a spectacle in the capital of Buenos Aires that embattled Argentine President Cristina Fernandez de Kirchner called a ‘victory.’ Financial fund NML Capital obtained a ruling [...]
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Europe’s Economic Woes Forestall Worldwide Recovery
Posted on 07 November 2012.
The issue of European economic troubles will be addressed at the upcoming G20 summit in Mexico City, Mexico. The crisis with the euro and the implosion of sovereign debts in Greece and elsewhere present strong impediments to the growth of the world economy. Additional issues to be addressed at the meeting include China’s unwillingness to [...]
Posted in Global EconomyComments (0)
The European Financial Crisis Has Left Greek Society in Chaos
Posted on 05 November 2012.
Doctors going unpaid for months. Legions of unemployed swamping benefits offices across the country and a situation in which even the employed are not receiving money. Such is the state of Greece, a society in ‘free fall’ ever since the financial crisis began. [Yahoo News]
Posted in Global EconomyComments (0)
Is the European Union Going to Fail?
Posted on 24 September 2012.
The bailout of Greece and the sovereign debt crisis in Spain has called into question the long-held notion that a federal Europe was all but an inevitability. Will problems of collective action ultimately doom one of history’s most ambitious political experiments? Will the affluence of the North and the dereliction of South sunder apart a [...]
Posted in VideoComments (0)
Talks to Form Greek Coalition Government Collapse – New Elections Expected as Euro Zone in Turmoil
Posted on 15 May 2012.
Greek President Karolos Papoulias has announced that talks to form a coalition, technocratic government have failed and new elections are expected. Evangelos Venizelos, leader of the Panhellenic Socialist Movement (PASOK), has presided over three failed coalition talks and is now instrumental in forming a caretaker government to chaperone Greece into its next round of elections. [...]
Posted in Global EconomyComments (0)
Germany Threatens to Cut Greece Off
Posted on 09 May 2012.
Responding to Greek leftist coalition Syriza’s leader Alexis Tsipras’ vow to abandon the debt resettlement terms, German leaders vowed today to cut Greece off from any international monetary aid if they fail to support the debt renegotiation settlement terms. Struggling to form a government in the wake of the May 6 elections, Greece’s leadership has [...]
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Greek Political Crisis Emerges as Leftist Coalition Syriza’s Leader Alexis Tsipras Vows to Reject Austerity
Posted on 08 May 2012.
The fate of Greece rests in the hands of a newly elected far-left leader, Alexis Tsipras, propelled to power on a platform that Greece could no longer support her international loan agreements. The anti-austerity, leftist coalition, Syriza, emerged surprisingly strong after this past weekend’s poll, winning 16.8% of the vote. News of Greek anti-austerity measures [...]
Posted in WorldComments (0)
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