Latest in Tag: Greece Highlight

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Latest in Tag: Greece


IMF changing tack on Greece

Latin Americans and Asians are happy that they do not need the help of the International Monetary Fund (IMF). But, Europe can no longer function without it. What’s behind the IMF’s interest in Greece?

Deutsche Welle

German factory orders surge in June

German industrial orders are up significantly in June, surprising analysts expecting more moderate growth amid economic turbulence in Greece and China. A weak euro has proven instrumental in filling German order books. German factory orders were up sharply by 2 percent in June, with a weak euro fueling strong global demand, the Economics Ministry said …

Deutsche Welle

Falling Greek stocks weigh on Europen markets

Greece’s main stock index seemed to have stabilized by the time the markets closed on Tuesday, with shares closing down around 2.2 percent – a far cry from the record drop in share prices from the day before. The head of the Athens Stock Exchange, Socrates Lazaridis, said that most losses incurred on Tuesday were …

Deutsche Welle

Effect of Greece’s economic crisis on people’s health

For the last several years, Greece has been going through a protracted and damaging economic crisis that has had profound consequences on the health of the Greek people. The economic crisis has predominantly impacted the health of vulnerable populations, with a rise in suicides and deaths due to mental and behavioural disorders. Although other European …

Cesar Chelala

Living with Greece’s new tax increase

How are Greeks dealing with the country’s new value-added tax? Where are they cutting corners? As Marinathi Milona reports from Thessaloniki, many Greeks feel the increase is the right plan at the wrong time.

Deutsche Welle

IMF’s Lagarde: Greek debt restructuring ‘inevitable’

The head of the International Monetary Fund, Christine Lagarde, has insisted that any new bailout program for Greece requires significant restructuring of the cash-strapped eurozone nation’s massive debt load. In an online press conference on Wednesday, Lagarde reiterated her view that any new plan for Greece had to include significant restructuring of the country’s debts …

Deutsche Welle

Greece’s musical hero: Mikis Theodorakis turns 90

His impact not only on Greece's music but also its politics is unparalleled. As renowned Greek composer Mikis Theodorakis turns 90, singer Maria Farantouri recalls their years of close collaboration. Born on July 29, 1925 on the island of Chios, Mikis Theodorakis has seen nine decades of political developments in Greece – and continually responded to them in music. Often…

Deutsche Welle

Can Greece invest its way out of the crisis?

Greece could surely use some economic growth – badly. But how? An evaluation of more than a hundred studies has revealed that public investment, even on credit, may just hold the key to long-term success. First of all, no one doubts that Greece is in need of fundamental reforms. It requires better administration, less corruption and more competition. It is…

Deutsche Welle

Why Germany should pay war reparations to Greece

By Dr Cesar Chelala In 1960, the then Federal Republic of Germany paid Greece DM115m on account of compensation for Nazi crimes. Greek governments stated that this was only a fraction of what is due on account of loss of life, damaged infrastructure, and the repayment of a forced loan the Nazis extracted on Greece in 1942. Recent statements by leading …

Daily News Egypt

Qatar buys helicopters, missiles in $23bn arms deals

Reuters – Qatar announced contracts worth about $23bn on Thursday to buy attack helicopters, guided missiles, tankers and other weapons from Boeing Co, Airbus and other arms makers as the Gulf state accelerates its military build-up. The world’s top liquefied natural gas (LNG) exporter announced deals with about 20 global companies, including firms from the …

Daily News Egypt