Canada Greece

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

Christine Van Geyn | Posted 07.20.2015 | 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.

Greeks Wake Up To Open Banks.. Higher Taxes

CP | Derek Gatopoulos And Nicholas Paphitis, The Associated Press | Posted 07.20.2015 | Canada Business

ATHENS, Greece - Greek banks reopened Monday for the first time in three weeks, but strict limits on cash withdrawals and higher taxes on everything f...

Tsipras Expected To Reshuffle Cabinet After Party Rebellion

CP | Elena Becatoros And Geir Moulson, The Associated Press | Posted 07.17.2015 | Canada Business

ATHENS, Greece - Prime Minister Alexis Tsipras is widely expected to reshuffle his Cabinet, following a rebellion within his party over a parliament v...

Greek Austerity Package Triggers Riots, Political Revolt

CP | Elena Becatoros And Derek Gatopoulos, The Associated Press | Posted 07.20.2015 | Canada Business

ATHENS, Greece - Greece's troubled left-wing government was seeking urgent relief from European lenders Thursday, after it pushed a harsh austerity pa...

Deal Reached On Greece Bailout

CP | John-Thor Dahlburg And Pan Pylas, The Associated Press | Posted 07.13.2015 | Canada

BRUSSELS - After grueling, often angry negotiations that tested the limits of European unity, Greece struck a preliminary rescue deal with its credito...

In Greece, Debt Is a Four-Letter Word

Murtaza Haider | Posted 07.09.2015 | Canada Politics
Murtaza Haider

Never before has the financial distress of a few million attracted such global attention. From bank executives to finance ministers, the financial future of Greece and its place in the European Union is being discussed across boardrooms and kitchen tables.

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...


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.