Despite drastic austerity measures, a new Greek debt haircut looks unavoidable. The old system has proven resistant to reform and billions in emergency aid hasn’t been enough to turn things around.
After making a lot of money manufacturing swimming pools, Stelios Stavridis has redirected his entrepreneurial talents toward saving his country.
The 66-year-old Greek business executive with aristocratic features recently became the head of the country’s privatization agency, which has been charged with selling off hundreds of government-owned real estate, companies, marinas and airports.
Read the whole story : www.spiegel.de/ link to original article
Posted in Article, Links, reblog, video
Tagged 'A Toxic System': Why Austerity Still Isn't Working In Greece, 2013, 9 July, Anne Seith, DerSpiegel, Disclosure, Earth, news, spiritual, Spiritual evolution, World
At the last European Union summit, leaders agreed to establish a banking oversight authority. It remains unclear, however, what such a system might look like. The European Central Bank is to play a role, but can it maintain its independence? Continue reading
Posted in Article, Links, reblog
Tagged 2012, 9 July, A More Perfect Union, Anne Seith, Bank Oversight Plans May Threaten ECB Independence, Disclosure, Earth, European Central Bank, European Stability Mechanism, Eurozone, Mario Draghi, news, spiritual, Spiritual evolution, World