Word: crisises
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Here Come the PIGS Greece faces an immediate crisis. but there are fears that other weak euro-zone countries could follow. Portugal, Italy and Spain also have large untaxed economies and, like Greece, face huge budget deficits that have raised concerns.
As Greece struggles to convince its European partners it is working to end its crisis, George Pagoulatos, a professor at the Athens University of Economics and Business, says the mess may have a positive side. For the first time in recent history, he says, there's widespread consensus in Greece...
See 25 people to blame for the financial crisis.
Shortly after Papandreou took office in October, his socialist government revealed that Greece's finances were in far worse shape than the previous government had let on. The 2009 deficit was nearly 13% of GDP, more than four times the euro zone's 3% limit. The European Commission blasted Greece...
The sense of urgency may finally be hitting home. "Greeks have realized, in the last 40 days, that this is no joke," says Eftichios Vassilakis, vice chairman of Aegean Airlines, Greece's largest air carrier. "We are at a critical moment. Some like to say that Greeks respond best when...