Greece and the economic crisis 2018
NEWS ARCHIVE - April 27 - April 30
April 30, 2018
"Greece’s low-key stance also comes against the backdrop of deteriorating US-Turkey relations, which were highlighted again on Friday as Washington threatened to impose sanctions on Ankara over its planned purchase of Russian S-400 missile defense systems."
April 29, 2018
Theories about the "Antikythera mechanism" which was found from a 60 BC Aegean shipwreck, speculation that the complex device is an instruction tool for teaching cosmology, or perhaps a way to synchronize the calendars of varied places to make a sure a ship crew (or passengers) could arrive at the right time to attend the ancient Olympic games.
April 28, 2018
"Three of the 85 jets earmarked for modernisation will be upgraded in the United States while the rest will be refurbished in Greece, a Greek defence ministry source said, adding that the cost would be about 1.2 billion euros."
"Bouboulina was the first to raise the revolutionary flag, flying a modified Greek flag from the mast of the Agamemnon. She assisted the people of Spetses in their revolt before sailing with eight ships to Nafplion to begin a naval blockade. She later took part in the blockade and capture of the coastal cities of Monemvasia and Pylos. She was also present at the fall of Tripoli in September 1821."
"The numbers are staggering. It's not just that Greece's economy shrank 26 percent in per capita terms between the middle of 2007 and the start of 2014. That, as you can see below, might have put it on par with some of the biggest calamities in economic history - it was a little better than the United States had done in the 1930s, but a little worse than Argentina had done in the 2000s - but it didn't distinguish it among them. No, it's that Greece has grown only a total of 2.8 percent - again, adjusted for its population - in the first four years of what is supposedly a recovery. To give you an idea how miserable that is, 1930s America grew 30.2 percent and 2000s Argentina grew 26.9 percent during the first four years of theirs."
April 27, 2018
...The ECB’s intervention comes as tension grows between France and Germany about the level of political control creditors should hold over a debt relief mechanism that would adjust Greek debt repayments depending on the country’s economic performance. Germany and its allies in the Netherlands, Austria and Finland want the mechanism tied to tough conditions
"There can be a much more optimistic view of Greece today than a few years ago," Scholz said before the meeting of euro zone finance ministers on Friday.