Word: economice
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It's not easy to be told that your attitude needs to change, but that's the Greek government's message. Still, even as Greeks grapple with changing their lifestyles, the fact that they like to spend could turn out to be a blessing. "Greece is a poor country with...
Problem is, though, the markets are finding it tough to trust Athens. At the World Economic Forum in Davos rumors swirled - despite assurances to the contrary by Greek and E.U. officials - that Greece was on the brink of a default and would need a bailout from Brussels or the International...
Most Greeks agree that the tax system (see following story) and the bloated public sector, nicknamed "the country's sickest patient," are at the root of Greece's current problems. In a country of 11 million people, almost 850,000 workers are employed by the state, which means they receive...
The Road Ahead Brussels has okayed the Greek austerity plan but warned that it will be subject to unprecedented monitoring. Joaquin Almunia, the European Commissioner for Economic and Monetary Affairs said Athens' targets were "ambitious" but "achievable." Importantly, Greece managed to raise about $11 billion in its first postcrisis bond...
Given the current economic challenges and political discord, the conventional wisdom might be that the U.S. is in no position to accommodate an additional 100 million people, as it is expected to have to do by 2050, thanks to birth rates and immigration. But Joel Kotkin argues that population expansion...