Greece Economy

Ontario Can Look to Greece to See the Dangers of an Underground Economy

Christine Van Geyn | Posted 07.20.2016 | Canada Business
Christine Van Geyn

The Greek failure to successfully address tax evasion should prove instructive to Ontario Premier Kathleen Wynne, who in 2014 pledged to crack down on tax cheats. Greek measures to tackle evasion with enforcement have resulted in only small improvements. An enforcement only strategy should not be the model Ontario follows for tackling the underground economy. Relying on enforcement and punishment squeezes legitimate businesses who are already faced with high compliance costs and tax and regulatory burdens.

Greece: Here Is Why #ThisIsNotACoup

Andreas Souvaliotis | Posted 07.14.2016 | Canada
Andreas Souvaliotis

It's time for an enormous dose of tough love, so we can finally turn the most beautiful country in the world into a viable, democratic, modern society.


CP | The Associated Press | Posted 06.28.2016 | Canada Business

ATHENS, Greece - The latest news on Greece's financial woes as it closes its banks and limits money withdrawals (all times local):___11:35 p.m.Hundred...

Even a Greek Crisis Is a Terrible Thing to Waste

Andreas Souvaliotis | Posted 02.09.2014 | Canada Politics
Andreas Souvaliotis

When I recently returned to my incredibly beautiful and incredibly troubled birth country to launch the translated edition of my memoir, some expressed concern that my candid descriptions of the intolerant society I had fled a generation earlier could potentially touch some very raw local nerves.

Eurozone Economy Actually Grows

CP | Alan Clendenning And Pan Pylas, The Associated Press | Posted 10.13.2013 | Canada Business

MADRID - Minube, a travel startup on the outskirts of Madrid, is doing something that many Spanish companies haven't thought about for years: It's hir...

Europe Becoming Third World, Consumer Goods Giant Suggests

The Huffington Post Canada | Daniel Tencer | Posted 08.29.2012 | Canada Business

If you want a good way to gauge how an economy is really doing, look at the retailers working in it, what they’re selling, and to whom. If the ex...

Greek Bailout Deal DONE

CP | Gabriele Steinhauser,Sarah Dilorenzo, The Associated Press | Posted 04.21.2012 | Canada Business

BRUSSELS - The countries that use the euro pulled Greece back from an imminent and potentially catatrophic default on Tuesday, when they finally stitc...

Austerity Measures Send Greece's Economy Spinning

CP | The Associated Press | Posted 04.15.2012 | Canada Business

ATHENS, Greece - The Greek economy remained stuck in a deep recession in the fourth quarter, according to official figures released Tuesday that confi...

Greece Is Just the First to Fall

Peter Worthington | Posted 01.03.2012 | Canada Business
Peter Worthington

Let 'em go. Let 'em make their own way until they change their minds and rejoin the club and adhere to existing rules. If that means another recession, or even a depression, better now than at some time in the future when damage will be even greater.

Could the Greek Economic Crisis Happen to Us?

Andreas Souvaliotis | Posted 12.20.2011 | Canada Business
Andreas Souvaliotis

Do we understand exactly what has historically earned us top marks in the world's balanced scorecard -- and are we doing everything we can to maintain that wonderful distinction, primarily on behalf of those who will inherit this beautiful country from us?

Let Greece Default

Peter Worthington | Posted 12.17.2011 | Canada Politics
Peter Worthington

There is no rescuing Greece. If the country will not submit to regulations that people like Mark Carney would probably endorse, better that it not be propped up. Let it abandon the euro and revert to the drachma, until it comes to terms with itself.

Greek Financial Crisis Just More Of The Same

CP | Christopher Torchia, The Associated Press | Posted 12.08.2011 | Canada Business

ATHENS, Greece - To find symbolism in the Greek financial crisis, just go to the source. The national image on the two-euro coin in Greece depicts an ...

Lessons From Greece's Bankrupt Society

Andreas Souvaliotis | Posted 12.06.2011 | Canada
Andreas Souvaliotis

It wasn't just a domestic credit crisis that brought that country to its knees -- it was a much more serious case of social corruption and mistrust, an ailment so deeply entrenched in their national psyche that it could only be wiped out with the help of a deep and painful crisis.

A (Friendly) Memo to a Greek Protester

Michel Kelly-Gagnon | Posted 10.02.2011 | Canada Business
Michel Kelly-Gagnon

The popular discontent of the last few months is certainly understandable. What is less understandable is what seems to be a widespread belief among Greeks that the citizens are neither responsible nor have any obligation to bear the consequences for their government's overspending.

Greek Prime Minister Survives Crucial Vote

CBC | Posted 08.21.2011 | Canada

CBC -- The embattled government of Greek Prime Minister George Papandreou survived a crucial confidence vote Tuesday. Parliament approved the new c...