Tag Archives | Europe

Austrian Chancellor Can΄t Rule out Cyprus Euro Exit

Austria hopes Cyprus will find a way to stay in the euro zone but its fate is in the hands of its own government, Chancellor Werner Faymann said on Wednesday, Reuters reported. After an international rescue for the island was thrown into turmoil by its rejection of a bank deposit tax on Tuesday, Faymann said [...]

Economides: Rebranding Greece Changing Country’s Image

ATHENS – Marketing specialist Peter Economides says his campaign “Give Greece a Chance” to promote positive feelings toward Greece globally is working. “We can already speak of success. More than 90 European journalists have already sent us e-mails asking for more information,” while the web page www.greeceischanging.com numbers more than 120,000 visitors, of which only [...]

New Greek Government Wins Confidence

Greece’s coalition government breezed through a largely symbolic confidence vote late Sunday, winning the tough mandate of tackling a two-year-old crisis and keeping the country safely in the eurozone, AFP reports. After three days of tense parliamentary debate, 179 lawmakers out of the chamber’s 300 voted in favour of a centrist coalition led by conservative [...]

A Crisis of Democracy: Greece

Since the elections of May 6, Greece has been in all media headlines in Europe, with the focus being on the Greek left party SYRIZA that on a platform of reversing austerity, won second place. As negotiations with the other political parties came to a standstill and failed to produce a viable government, new elections are [...]

Lazy Greeks? Think Again!

At a time where the world is suffering an economic crisis and government officials all over the world are blaming the public for the crisis instead of themselves, new surveys show which country works the hardest and Germany isn’t one of them. The winner of this survey, surprisingly, is Greece. The Office for National Statistics [...]