Evo Morales has proved that socialism doesn’t damage economies

The Guardian , Tuesday 14 October 2014 Bolivia’s re-elected president has dumbfounded critics in Washington, the World Bank and the IMF. Evo Morales in the runup for the vote at the inauguration of a thermo-electric plant in Yacuiba in September 2014. Photograph: Aizar Raldes/AFP/Getty The socialist Evo Morales, who yesterday was re-elected to serve a … Continue reading Evo Morales has proved that socialism doesn’t damage economies

What will happen with the return to the drachma, our national currency?

Obviously, the sky will fall on our heads and crush us.  Greece will become Enver Hoxha’s Albania or Kim Il Sung’s North Korea.  Just as it was before we became member of euro-zone.  If I remember correctly, Greece did not come into existence on the day euro became our currency. We knew how to look after ourselves … Continue reading What will happen with the return to the drachma, our national currency?

The Wall Street Journal : Greek Government Bonds Pay Off Big for Fund Managers

WALL STREET JOURNAL :  Πώς οι διαχειριστές αμοιβαίων της Eurobank και Εθνικής έβγαλαν τις μεγαλυτερες αποδόσεις παγκοσμίως απο τα ομόλογα του Ελλ. Δημοσίου. John Gikas, left, and Aris Papageorgakopoulos manage funds that have returned over 100% in the past year by betting on Athens debt. Alkis Konstantinidis for The Wall Street Journal The best-performing bond-fund … Continue reading The Wall Street Journal : Greek Government Bonds Pay Off Big for Fund Managers

Why should we belong to the EU if it is destroying us ?

Leonidas Chrysanthopoulos is a third generation diplomat and former Ambassador of Greece to Canada,Poland and Armenia.He was Director General in the Ministry of Foreign Affairs of Greece and Secretary General of the Black Sea Economic Cooperation Organization. Extremely knowledgable on issues of the EU and on what is happenning in Greece now, Leonidas Chrysanthopoulos was … Continue reading Why should we belong to the EU if it is destroying us ?

A Grexit is starting to look more feasible for Athens – Η έξοδος από το ευρώ πιο εφικτή τώρα

Το ελληνικό κείμενο κάτω από το αγγλικό By Wolfgang Münchau in the Financial Times For Greece to reform and not default makes sense only from Berlin’s perspective "I would like to ask all of you not to continue at this time this discussion on a new haircut ... It is not in your interest." So … Continue reading A Grexit is starting to look more feasible for Athens – Η έξοδος από το ευρώ πιο εφικτή τώρα

Dimitris Kazakis speach at Cass Business School 11/4/2013

Greetings to everyone, Right from the beginning we need to clarify that the crisis which Greece is currently facing and has led the country to its 5th official bankruptcy does not originate from the actions of a prodigal government or from the effects of a fiscal problem which could be solved through the implementation of … Continue reading Dimitris Kazakis speach at Cass Business School 11/4/2013

Two of Greece’s biggest banks face nationalization after failing to attract private investment and a surprise move by the state to suspend their merger deal.

By George GeorgiopoulosATHENS | Mon Apr 8, 2013 7:27amShares of Greek lenders National Bank (NBGr.AT) and rival Eurobank (EFGr.AT) plunged by as much as 30 percent on Monday after they confirmed their merger deal had been halted and they are unlikely to raise the private capital they need to stay out of state hands. National bought 84.3 percent of … Continue reading Two of Greece’s biggest banks face nationalization after failing to attract private investment and a surprise move by the state to suspend their merger deal.

EU Official: Cyprus Was A Special Case, But…

HELSINKI (Reuters) - Big bank depositors could take a hit under planned European Union law if a bank fails, the EU's economic affairs chief Olli Rehn said on Saturday, but noted that Cyprus's bailout model was exceptional. "Cyprus was a special case ... but the upcoming directive assumes that investor and depositor liability will be … Continue reading EU Official: Cyprus Was A Special Case, But…

Greek Tax Trap: overtaxing even zero-euro income with ‘deemed income criteria’

A shock is awaiting 2,400,000 Greek taxpayers with annual real income between zero and 5,000 euro. This year, they will have to pay tax even if they have no income at all. The tax law applied this year for the income of 2012, will be based on so-called “deem income criteria.” According to this Troika-imposed … Continue reading Greek Tax Trap: overtaxing even zero-euro income with ‘deemed income criteria’