Canada Greece

What You Need to Know About the Greek Debt Crisis

Ana Rodriguez | Posted 07.07.2015 | Canada Politics
Ana Rodriguez

Wall Street melts down in 2008. Greece announces financial troubles and borrows €110 billion in 2010. It isn't enough, so a second bailout package brings the total loan to €246 billion by 2016. In early 2015, Alexis Tsipras of the radical left Syriza party is sworn in as the new prime minister with a plan to refuse any more loans. On June 28, the Greek government announces bank closures. Two days later, they miss an IMF payment and default on their debt.

Why Canada Should Cautiously Monitor Greece's Financial Crisis

Gerry Som | Posted 07.06.2015 | Canada Business
Gerry Som

A Greek crisis cannot be good for the world right now, and we cannot/should not be mute spectators. Here are some reasons why we in Canada in particular, and the rest of the world in general, have to cautiously monitor the current events in Greece, and should try to guide or help Greece get out of the crisis before it becomes contagious. Canada already has internal financial stresses, just like many other countries around the world do, at this moment; this Greek crisis can add to external stress for many countries, and this really is bad timing, and an unwanted occurrence for the world economy.

Greek Finance Minister Quits

CP | Elena Becatoros And Demetris Nellas, The Associated Press | Posted 07.06.2015 | Canada Business

ATHENS, Greece - Greek Finance Minister Yanis Varoufakis resigned Monday, saying he was told shortly after Greece's decisive referendum result that so...

Greek Referendum: More Than 60 Per Cent Vote No, Interior Ministry Predicts

CP | Elena Becatoros And Demetris Nellas, The Associated Press | Posted 07.05.2015 | Canada Business

Greece faced an uncharted future as its interior ministry predicted Sunday that more than 60 per cent of voters in a hastily called referendum had rejected creditors' demands for more austerity in exchange for rescue loans.

Visit the Greek Island of Chios

Vitamin Daily | Posted 07.03.2015 | Canada Travel
Vitamin Daily

A short flight from Athens or a 30-minute ferry ride from nearby Turkey, the Greek island of Chios is a true hidden gem, boasting picturesque beaches, medieval villages, quaint tavernas and nary a tourist in sight (present company excluded).

Greek Poll Shows 2 Sides Neck And Neck

CP | Derek Gatopoulos And Menelaos Hadjicostis, The Associated Press | Posted 07.03.2015 | Canada Business

ATHENS, Greece - Greeks packed city squares for dueling rallies late into the night Friday, as polls showed a dead heat between the 'yes' and 'no' cam...

THE LATEST

CP | The Associated Press | Posted 06.29.2015 | 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...

Greeks Pull Money Out Of Banks As Eurozone Refuses Bailout Extension

CP | Raf Casert And Elena Becatoros, The Associated Press | Posted 06.28.2015 | Canada Business

Latest update: Greece's finance minister is suggesting that his country might not pay the 1.6 billion euros ($1.8 billion) it owes to the Internationa...

Markets Tumble As Greece Bailout Talks Break Down

CP | Pan Pylas And Lorne Cook, The Associated Press | Posted 04.19.2015 | Canada Business

BRUSSELS - Greek shares led a European retreat Tuesday as investors reacted negatively to the breakdown in talks between Greece and its creditors in t...

FIFA Bans Former Greece Coach After Verbal Abuse

CP | The Associated Press | Posted 10.04.2014 | Canada

ZURICH - FIFA has banned former Greece coach Fernando Santos for eight international matches for verbally abusing officials during his team's World Cu...

Why Was a Family Fined for Taking Their Kids on Vacation?

Emma Waverman | Posted 03.26.2014 | Canada Living
Emma Waverman

A British couple has been fined 1,800 dollars (approximately) for taking their two kids to Greece for one week during the school year. Their vacation contravened a new British law that forbids missing school for a vacation. I have no issue with pulling your kids out of school for vacation. I think kids learn a lot more from experience than they do from sitting at a desk.

Should Canada Trust Greece?

Justine Frangouli-Argyris | Posted 08.10.2013 | Canada Politics
Justine Frangouli-Argyris

It seems that Greece is finally headed in the right direction and with Canada's support and the tireless work of ambassadors, the country's crisis may indeed eventually be overcome. However, the Greek government must continue its reforms in order to prove that it is worthy of this international trust.

Greek Immigrants in Canada: The Twilight of a Generation

Justine Frangouli-Argyris | Posted 07.08.2013 | Canada
Justine Frangouli-Argyris

You can meet them at Rockland Shopping Centre, in the heart of Montreal's Mount-Royal suburb, every Wednesday afternoon. They are a large group, some ...

When Young Democracies Make Immature Decisions

Andreas Souvaliotis | Posted 05.06.2013 | Canada Politics
Andreas Souvaliotis

How could any country find itself in a scenario where it suffers the consequences of having been too socialist and too capitalist at the same time? I was listening to a former Greek Prime Minister recently at a global conference and I was struck by the number of times he referred to his country as a "young democracy." The implication, of course, was that it was an immature democracy -- and suddenly it all made sense.

Why Canada's Definition of Austerity Is All Wrong

David Gratzer | Posted 04.29.2013 | Canada Business
David Gratzer

Government program spending is still growing from sea to sea. Virtually every government in Canada is spending more in current dollars from one year to the next. Many are spending more in inflation-adjusted dollars, too. If they aren't, they're generally coming pretty close.

I Travelled to Greece and Saw a Vampire

Sandra Garvie-Lok | Posted 12.31.2012 | Canada Living
Sandra Garvie-Lok

2012-10-31-halloweenbanner.jpg Most people go to Greece for beaches, ouzo and temples gleaming in the Mediterranean sun. I went for a vampire. But what I found there led me beyond pop culture images of vampires to a darker part of the human imagination. In the midst of searching for ancient ruins, an archaeological team from UBC stumbled on a cemetery from the time of the Ottoman empire. The lead researcher wanted an osteologist to study the skeletons -- especially one that might have been accused of being a vampire. There wasn't much question of not going, of course.

Spain, Ireland, Italy and Greece: Which One Doesn't Belong?

Andrew Cooper | Posted 09.17.2012 | Canada Business
Andrew Cooper

If no longer -- thank goodness -- the geo-political cockpit of Europe (caught between rival ideologies in the civil war era), Spain cannot be dismissed as a periphery or marginal country out of step with the European project. Spain has all the features of a highly efficient and accountable country, from its ability to produce majority governments from both the respectable left and right, its elaborate system of federalism, and its increased multicultural identity.

What Italy's Victory Over Germany Really Means

Andrew Pyle | Posted 08.29.2012 | Canada
Andrew Pyle

The irony of Germany's loss to Italy in the Euro 2012 cup will not be lost on those who have been watching the Eurozone financial crisis play out in recent weeks. Germany's Chancellor Angela Merkel has been steadfast in her opposition to a plan for a common debt issuance program (so-called "euro bonds"), while her electorate have turned up their collective noses to calls for additional handouts to the problem centres like Greece.

Will a Soccer Match Decide Greece's EU Fate?

Diane Francis | Posted 08.18.2012 | Canada
Diane Francis

Greeks will watch the Euro 2012 soccer match between their country and Russia before going to the polls on June 17. If the Greeks lose, the country will vote to stay in the Eurozone. If they win, all bets are off. But, like football, forecasting is impossible (unless the games are rigged) which means that anything can happen. Here are three possible scenarios.

Greece's Unemployment Crisis Keeps Getting Worse

CP | The Associated Press | Posted 08.07.2012 | Canada Business

ATHENS, Greece - Greece's unemployment shot up to 21.9 per cent in March, rising sharply from the 15.7 per cent rate in the same month last year and u...

Greece Must Go -- and Quebec's Students Too

Diane Francis | Posted 07.22.2012 | Canada Business
Diane Francis

Quebec's unruly students are no different than the Greeks. Both have enjoyed free rides for years, both are being asked to pay their share of the tab and both are refusing to do so. The Greeks are going to fall behind the Romanians in living standards in short order while the students are making a fuss over a pittance. That makes the Quebec students, in a sense, even more irresponsible.

Canada Exposed To Aftershocks From Europe Crisis: Flaherty

CP | Julian Beltrame, The Canadian Press | Posted 07.16.2012 | Canada Business

OTTAWA - Finance Minister Jim Flaherty is warning the Canadian economy stands to feel the tremors from the political and financial quake in Greece.The...

What Does Allan Greenspan Think of the Eurozone Crisis?

Diane Francis | Posted 07.15.2012 | Canada Business
Diane Francis

For nearly 20 years, Alan Greenspan was the most powerful banker in the world as chairman of the Federal Reserve Board until 2006. Here, Greenspan speaks with National Post Editor-at-Large, and Huffington Post contributor Diane Francis regarding the eurozone crisis.

Economy Being Squeezed Between Greece and China

Andrew Pyle | Posted 07.14.2012 | Canada Business
Andrew Pyle

From last weekend's elections in France and Germany, highlighting a shift in the populace away from fiscal austerity, to the gridlock in Greece's parliament (and more probable threat that the country will leave the euro), the region has created a conundrum for investors.

What do the Elections in Greece and France Have in Common?

Peter Worthington | Posted 07.10.2012 | Canada
Peter Worthington

For starters, the status quo in both countries has been capsized. Voters in both countries reject austerity measures that were imposed to save the euro and avoid bankruptcy, and to deter some countries bailing out of the 17-country European Union.