Category Archives: economy

Call It A Day, Greece

February 28, 2012 – 12:58 pm

Greece joined the EEU with hopes of modernizing its economy and reaping the benefits of one currency, however the banks loaned money to both the public and private sectors of the Greek economy like they were financing a crack binge. Since 2008 the EEU has struggled to lessening the Euro’s risk from the Greek debt. […]

By Peter | Also posted in europe, Liberty, revolution, Rich | Tagged | Comments (0)

Pane Gamisou

February 21, 2012 – 12:28 pm

Europe’s economic powers have issued the Greek cabinet a last bail-out plan. The indebted birthplace of democracy will receive 130 billion Euros in loans and 107 billion Euros in write-downs, but only if the government agrees to slashing more services and jobs from the public sector. A similar pact in 2010 was met by riots. […]

By Peter | Also posted in europe, revolution | Tagged | Comments (0)

The Cliffs of Moher

February 13, 2012 – 11:08 am

Last Tuesday I boarded a plane at JFK for Orlando, Florida. My two travel companions, AP and his financier Jerry Mumbels, were attending a builders’ convention. I was just along for the ride. My seat had been reserved as an after-thought and I was seated by the window in the rear of the plane. The […]

By Peter | Also posted in Health, ireland, medicine | Tagged | Comments (0)

Oipho IMF

February 10, 2012 – 10:15 am

Western culture hails ancient Greece as the birthplace of its civilization. Throughout the 5th through 4th centuries BC Greece formed the basis of politics, architecture, art scientific thought, literature, and philosophy, but the nation has fallen on hard times due to its inescapable debt crisis for not following the classical advice Mēdèn ágan or nothing […]

By Peter | Also posted in europe, revolution | Comments (0)

Tabula Rasa Abracadabra

February 9, 2012 – 7:44 pm

The BBC reported today that Greece will have to accept new conditions for their bailout of 130 Billion Euros and one of which will be austere reductions to the public budget as well as salary reductions in the private sector. The Greek government has been backed into a corner by a debt greater than its […]

By Peter | Also posted in europe, money | Tagged , , , | Comments (0)