A hard winter lies ahead for the Greek government
Buying properties in Greece became more popular earlier this year in China after it was highly recommended by immigration agents, because the financially troubled Greek government has introduced a policy to give permanent residency to any foreign buyer purchasing a Greek property worth more than €250,000 (US$340,000), Guangzhou Daily, the official newspaper of the Guangzhou municipal party committee, reports.
(CNN) -- Greece is on the way to economic recovery as investor faith returns to the recession-ridden eurozone nation, an executive at Greece's largest bank has told CNN.
Petros Christodoulou, deputy chief executive of the National Bank of Greece, said that a drastic drop in government borrowing costs since the outbreak of the crisis in 2009 marks a "great improvement and a great perception of the country" by foreign investors.
Dan Alexander, Forbes
The most dominant countries in history are the most indebted nations today, according to the latest data released by the International Monetary Fund.
The world’s most indebted country is ancient power Greece, with general government net debt that is 173% of its GDP. Other historic superpowers in the top 20 include Italy, Egypt, Portugal, Spain, France, the United Kingdom, Japan and the United States.
By Kurtis Droge, wallstcheatsheet.com
Greek support for the nation’s membership in the euro remains strong, but the situation in Athens is still tense, the Wall Street Journal reports. According to the results of a poll by the Pew Research Center, some 69 percent of Greeks approve of the country’s membership in the region’s common courtesy. This is a view not shared by many across the rest of the continent, who associate the country with the massive amounts of bailout money that it has received in order to fix its economic problems.