Posts Tagged ‘Greece’

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…)

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…)

The Olympic Games

The Olympic Games

The Olympic Games

The Olympic Games represent the largest sports competition in the world for both summer and winter sports. Both Summer and Winter Olympic Games are held every four years, alternating every two years.

Thousands of athletes compete in each edition, the Olympic medals being considered the supreme title in many sports. The history of the Olympic Games starts in Ancient Greece in the eighth century BC.

(more…)

Greece struggles to recover

Greece struggles to recover

Greece struggles to recover

The Greek government was forced to impose a series of austerity measures in return for the huge bail-out of 110 billion euro from the European Union and the International Monetary Fund.

Because of those drastic measures, Greece is under a siege of protests and strikes for weeks now. The number of violent clashes reduced considerably in the last few weeks inducing a more calm and relax atmosphere.

(more…)

Greece’s economic crisis affects European Union

Greece’s economic crisis affects European Union

Greece’s economic crisis affects European Union

The common European currency, Euro was considered a huge success before the world economic crisis. In seven years of trading, Euro that started from $1.12, reached over $1.60. The world crisis hit hard the European currency and things are still looking bad. Although the world is recovering after the huge economic crisis, Euro is still in trouble. This time Greece is the one that pulls the Euro down. (more…)