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Greek Vote: Sign of Relief
After the parliamentary elections, the political parties in Greece face again a complex political puzzle. Month after having failed to form a government the Greek political leaders will need to… Read more
After the Euro and … Flood
The National Bank of Greece expects fatal consequences for the country on exit from euro If Greece leaves the euro area, living standard will crash, incomes will decrease by half,… Read more
Why is Europe in crisis?
The EU focus on fiscal deficit is completely mistaken. They are the result of the crisis, not the cause. The EuroMemorandum group expresses its critique that the European Union response… Read more
Europe: Political Uncertainty and Falling Euro
Following the elections in Greece and France, the euro continued to fall and reached a fresh four-month low on Tuesday, hitting a trough of $1.2643. It was hurt by worries that… Read more
Greece Ends the Money at the Beginning of June
The Prime Minister Lucas Papademos warned that the country may stop servicing its external debt obligations Greece will not be able to service the obligations of the State from the… Read more
The Whole Truth about Greek Bailout
Sigh of relief in Athens: the private creditors gave their consent for partial write off of Greek debt. As a result of continued negotiations, it was agreed that 86% of… Read more
Costa Concordia Accident: the Biggest-Ever Marine Loss for Insurance Companies
The insurance liabilities, related to the wrecked vessel Costa Concordia, can exceed 1 billion of US dollars for the insurance industry and for the owner of the ship, Bllomberg announces…. Read more
First Chinese Passenger Car Plant Opens in EU
On February 21, 2012, the Bulgarian company Litex Motors officially inaugurated its new plant for production of Great Wall vehicles in Bulgaria, EU. The project is a result of successful… Read more
