It's kind of overblown to one degree if you look at the size of the Greek economy relative to the size of the euro zone," [Sacha Tihanyi] says. "But on the other side of things, people worry about contagion risk and the viability of the euro zone as a currency union should one of its countries default on its debt without the support of other members. "Typically, governments don't actually pay down their debt," he says. "They roll it over. As their economy grows, they will devalue their debt." But developing economies or economies that have difficulty financing a large part of their borrowing needs in their own domestic currency issue debt in foreign currency. "That's because countries with loose monetary controls have a propensity to run high inflation because of seigniorage -- printi...
I don't think there is a Greek island I would recommend against visiting. It is a fascinating country. Whether you start or end in Athens, even with the smog, you should not visit that country without a day or two visiting the Acropolis, nearby ruins, and gaining the experience of the urban side of Greece. However, I don't know whether I would share your enthusiasm for a winter vacation there. The winters are mild, not necessarily hot or even warm. You can run into a lot of rain during January, February or even March. Summers can be hot, but the traditional shoulder seasons of spring and fall are both wonderful. There are almost too many choices for island stays, and any recommendation somewhat depends on what you are looking for in a vacation. Crete is a large enough island to give ...
The pent-up anger of Greece's youth, matched by the anarchists' taste for mayhem, triggered five nights of riots, causing damage estimated at more than 100 million euros. Hundreds of school students battled with police after the teenager's funeral in a plush seaside suburb. Others threw stones at policemen on guard outside parliament, shouting, "Let parliament burn. For all his party's weakness, the prime minister's personal approval rating has so far stayed well ahead of [George Papandreou]'s. But with his image as a safe pair of hands in tatters, that may now change. Small, family-owned businesses and retailers, the backbone of support for New Democracy, are furious at the failure of the police to protect their property. Karamanlis has cruised through two elections and four-and-a-hal...
The paper tests hypotheses regarding the relationship between husbands' pluriactivity and women's integration in the agricultural occupation in terms of feminization of agricultural decision-making and institutional feminization; and between farm size and women's integration in the agricultural occupation with a population of active women farmers in the province of Kastoria. The data do not support either of the two hypotheses, thus indicating that women's integration in the agricultural occupation can occur not only among smallholders but as well as among large farmers (and even more among the latter) and that husbands' full-time off-farm employment is not the sole determining factor for women's integration in the agricultural occupation. Furthermore, the combination of large farm size...
ZAHARO, Greece -- Uncontrollable fires burned across Greece for a second night Saturday, with villages cut off from help by towering walls of flames that have ravaged the country, killing at least 49 people and raining ashes down onto the Acropolis in central Athens. So many fires breaking out simultaneously in so many parts of the country cannot be a coincidence," [Costas Karamanlis] said in a nationally televised address. "The state will do everything it can to find those responsible and punish them. "I feel deep grief for our dead," Karamanlis said. "I feel deep pain for the mother who perished in the flames with her arms round her children. I feel anger -- the same that you feel."
ZAHARO, Greece -- Uncontrollable fires burned across Greece for a second night Saturday, with villages cut off from help by towering walls of flames that have ravaged the country, killing at least 49 people and raining ashes down onto the Acropolis in central Athens. So many fires breaking out simultaneously in so many parts of the country cannot be a coincidence," [Costas Karamanlis] said in a nationally televised address. "The state will do everything it can to find those responsible and punish them. "I feel deep grief for our dead," Karamanlis said. "I feel deep pain for the mother who perished in the flames with her arms round her children. I feel anger -- the same that you feel."
If we created the euro, we cannot drop a euro-zone country -- otherwise it wasn't worth it to create the euro," [Nicolas Sarkozy] said at a Paris agricultural fair. "That's why I'm supporting Greece. Sarkozy said he would fight to defend the entire EU's economy "with the same fierce energy" as he said he has for Europe's common agricultural policy, which benefits French farmers. "We have already seen that the reform package that Greece came up with on its own has clearly brought new faith in the country from financial markets," said German Foreign Minister Guido Westerwelle, speaking in Cordoba, southern Spain at an informal EU foreign ministers' meeting.
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