Tag: Financial crisis
Economic woes create anti-establishment movements around the world
In some western countries frustration with the status quo is boosting populist and rightwing political parties The US is not the only western nation to be undergoing political ructions over the faltering post-crisis recovery. New counter-establishment parties have emerged in several countries and, as in the UK, people have voted for dramatic change. Meanwhile, theres […]
A year after the crisis was declared over, Greece is still spiralling down
The historic third bailout awarded to Athens after weeks of brinkmanship last year was supposed to have secured its future in the EU. But little has changed In a side street in the heart of Athens, two siblings are hard at work. For the past year they have run their hairdressing business an enterprise that […]
For sale: Greek islands, hotels and historic sites
As privatisation agency chairman, Stergios Pitsiorlas is seen as the right man to expedite disposal of a growing list of assets In Greece today, government power comes with few trappings. Unable to tap capital markets and dependent wholly on international aid, the debt-stricken country’s senior officials are acrobats in a tightrope act. They are placating […]