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Capital controls: why Greece is not going to get better anytime soon

Καταχωρήθηκε από τον/την Δέσποινα Συριοπούλου on . Δημοσιεύθηκε στο Economy

By Kerry Sullivan, National Monitor

A tenuous deal has been struck between Greece and its Eurozone frenemies. Yet many in the economic and political communities do not believe Greece will be able to stick to the agreement. Greek citizens are only slightly more confident in their government.

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What Will A $15 Minimum Wage Do To New York State? Ask The Greeks

Καταχωρήθηκε από τον/την Δέσποινα Συριοπούλου on . Δημοσιεύθηκε στο Economy

By Panos Mourdoukoutas, Forbes

Among all the causes of the current unprecedented Greek crisis, one stands out — strict labor regulations and employment guarantees, including job security, early retirement, and a generous minimum wage. Greece’s minimum wage rose from slightly below 600 euros in 2000 to close to 900 euros by 2011, according to Eurostat. That’s a 50% increase, exceeding the minimum wage increases of Greece’s closest peers, Spain and Portugal, according to the same source.

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Grexit is coming. It’s just a matter of time before Greece falls

Καταχωρήθηκε από τον/την Δέσποινα Συριοπούλου on . Δημοσιεύθηκε στο Economy

By ERIC REGULY, The Globe and Mail

After a particularly ugly negotiating session in February between German Finance Minister Wolfgang Schaeuble and his then-Greek-counterpart Yanis Varoufakis, Mr. Schaeuble concluded that the two sides had “agreed to disagree.” Mr. Varoufakis, barely concealing a smirk, said the description was not quite accurate: “We didn’t even agree to disagree.”

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Greece Really Should Leave The Euro, The Economics Is Entirely Clear Here

Καταχωρήθηκε από τον/την Δέσποινα Συριοπούλου on . Δημοσιεύθηκε στο Economy

By Tim Worstall, Forbes

That Greece should leave the euro is something that is pretty much established as the revealed truth in Anglo-Saxon economic and commentary circles. Sadly it is not so established either in European economic circles nor in any political ones. European economics seems to be almost deluded on this point and of course the politics is just toxic. For the euro is considered to be a cornerstone in that myth of ever closer European unity and that must proceed, whatever the suffering inflicted upon Greece or the Greeks.

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Urgent Greek bailout talks delayed by security and logistics problems

Καταχωρήθηκε από τον/την Δέσποινα Συριοπούλου on . Δημοσιεύθηκε στο Economy

By Alanna Petroff and Chris Liakos, CNN Money

Formal talks on Greece's 86 billion euro bailout have been delayed due to "logistical" and security issues, despite a tight deadline to get the deal done.

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