Greece Debt Crisis
People around the world love the Olympics. The Games bring nations together and promote peace through friendly competition. They tell life-affirming stories of humanity's endurance and drive and the capabilities of our bodies. They bring joy to so many that we need to devise some way to stop them from also bringing so much pain in the form of billions of dollars of debt.
In many ways the United Kingdom of Great Britain and Northern Ireland, which joined what was then the European Common Market in 1973, represents a distinct society in its own right: with its strong currency it remains outside the Euro zone, fails to participate to the Schengen Area regulating border controls, while enjoying special budgetary rules.
ATHENS, Greece (AP) — Greek lawmakers have approved their country's draft third bailout in a parliamentary vote that relied
WASHINGTON -- An International Monetary Fund official says the IMF cannot participate in another Greek bailout until Greece
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.
There were hopeful developments: The cash-strapped nation got a short-term loan from European creditors to pay more than
Tsipras, who flew home Monday from grueling night-long negotiations with European leaders, will chair an executive meeting
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.
But Bokas also does installation and repair jobs — and half of those involve cash deals with no receipts for his labour. The
Greece does not have its own currency to devalue to gain economic relief. And so the nation's debt problem can't be fixed by issuing more loans with conditions that kill economic growth. If truth be told, there has never been a bailout designed to bail out the Greeks. The aid issued to date has been all about buying time to play musical bondholders.