Posts Tagged ‘Europe’

Political crisis in Europe

Political crisis in Europe

Political crisis in Europe

The recent years marked by economic problems and austerity measures are now reflected in the politics. The countries leaders and their parties started to pay for their disastrous management that brought Europe on the brink of disaster.

The best example is France, where the conservative incumbent Nicolas Sarkozy lost the presidential elections to socialist party candidate Francois Hollande. The new French president is against austerity and stated that he wants to change the current approach for euro-zone which is based on cutting the government spending and reducing the sovereign-debt. (more…)

Sovereign debt crisis hits Europe?

Sovereign debt crisis hits Europe?

Sovereign debt crisis hits Europe?

It passed a year since the first voices of concern were heard. Then there were few people to think that a debt crisis could hit large European economies. The financial crisis from 2008 put the pressure on the banking systems and many countries decided to bail out their financial systems by increasing sovereign debt.

In 2010 the debt crisis hit Greece, a member state of the eurozone. A €110 billion loan from International Monetary Fund (IMF) and EU members was expected to solve the problem in Greece as the country agreed to implement harsh austerity measures.  Another two huge loans followed: a €85 billion for Ireland in November 2010, and a €78 billion loan for Portugal in May 2011. (more…)

Orient Express train adventure

Orient Express train adventure

Orient Express train adventure

For those travelers looking for old fashion adventures in this fast traveling era, the Orient Express is the best choice. In present times people want to travel as fast as possible to get to their vacation destination in a very short time. But what if the whole vacation is based on the journey itself?

The Orient Express can be the unique vacation that combines the history, the luxury and the adventure in a very special way.

Launched in October 1883, the Orient Express train rapidly became famous for the impeccable services, luxury interior and fine restaurants. The original route of the train started in Paris, went through Alps, passed by Budapest and Bucharest, ending at its final destination, Constantinople. (more…)

Top ten European weekend destinations

Top ten European weekend destinations

Top ten European weekend destinations

The economic crisis that affected the whole world in the past few years also put a mark on the travel industry. The number of tourists has decreased for all types of destinations just as the funds available for vacations.

Under these economic circumstances many individuals compromise and change the one-week or two-week holiday with one or two weekend vacations. The weekend destinations should be close so the traveling time to get there to be as short as possible. This is the main reason that makes the European continent very attractive for weekend city breaks. (more…)

European countries that still have economic problems

European countries that still have economic problems

European countries that still have economic problems

The first European Union member state that hit the bottom was Greece. The disastrous situation revealed in Greece crated panic worldwide, some even feared that this could destroy the European Union and the euro currency.

It seems that the prompt response of the European authorities and the huge loan granted to Greece helped a lot. The Greek authorities done their part of the deal and the crisis appeared to fade away. (more…)