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...home some holy water for a trouble-free new year. Newly elected Greek Prime Minister George Papandreou attended ceremonies on the Aegean island of Lesbos this year, but with Greece sinking under debt and a huge budget deficit as fast as a priest's crucifix, Papandreou is going to need more than holy water to get through...

Author: /time Magazine | Title: Greek Tragedy: Athens' Financial Woes | 2/15/2010 | See Source »

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 Monetary Fund (IMF) - or even get booted out of the E.U. altogether. "If any other country was making the kinds of adjustments that we are, it would be applauded," says Papaconstantinou. "In our case, they are not sure we are actually doing it." (Read: "Why Greece Could Be the Next...

Author: /time Magazine | Title: Greek Tragedy: Athens' Financial Woes | 2/15/2010 | See Source »

...current Prime Minister's father Andreas, who would dominate Greek politics for the next 15 years, first swept into office. "The state has an irrational control of the economy," says Yannis Stournaras, director of research for the Foundation for Economic and Industrial Research, a nonprofit, independent think tank. "We need nothing less than a revolution in the public sector...

Author: /time Magazine | Title: Greek Tragedy: Athens' Financial Woes | 2/15/2010 | See Source »

...they hand the bread to those people? They've lost everything. Why should they lose their self-respect too?" It was as if someone hit me over the head with a cricket bat. I got out a piece of paper and wrote down what I would need after a natural disaster: shelter, warmth, comfort, dignity. (See video of Shelter Boxes being delivered and used in Haiti...

Author: /time Magazine | Title: How ShelterBox Helps Haiti Earthquake Victims | 2/15/2010 | See Source »

...Facebook. Not a photo or some cartoonish image of roses - these were the real deal, complete with glass vase, petals and thorny connotations. The whole thing cost precisely 534 Facebook credits - or $53.40 - and took me about 30 seconds. No shopping cart, no checkout. I didn't even need to input her shipping address, which is good, since she won't tell me where she lives...

Author: /time Magazine | Title: Gift Giving on Facebook Gets Real | 2/15/2010 | See Source »

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