Monthly Archives: December 2011

Μεγάλα κείμενα για να έχεις να διαβάζεις στις διακοπές

Via Scoop.itkgEDUCATION


Σου προτείνουμε τα πιο ενδιαφέροντα μεγάλα κείμενα που έχουμε διαβάσει τελευταία. Βρίσκονται όλα online.
Via www.oneman.gr

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Calling time on the euro?

Via Scoop.it#GreekCrisis

“EU LEADERS face a daunting challenge in 2012 as the quest continues for a lasting salve to the debt debacle. After a second year of upheaval and blunder, they have yet to fully confront the danger that the emergency could blow asunder their cherished single currency.
It is not for lack of trying. In 2011 the leaders gathered in conclave at a record eight summits in Brussels, along with dozens of bilateral meetings around Europe. For all their infighting, they still took numerous initiatives to soothe the storms of contagion – but none was sufficient.
The turmoil grew only worse, taking down government after government as the rot spread from downtrodden “peripheral” countries such as Ireland to the wealthiest bastions of fiscal probity and rigour. With the triple-A credit ratings of Germany, France and their most powerful allies under threat, the biggest crisis in five decades of European integration casts a huge pall of gloom over the global economy generally.
In many ways, the parameters of a solution are clear enough. For Europe to overcome the crisis, political leaders will have to deliver on five fronts: tougher enforcement of EU budget rules via treaty change; a second Greek rescue; bigger bailout funds; a costly reinforcement of the banking sector; and the averting of a slide into recession. The big question is whether they have the gumption and staying power to deliver all that, and more besides.”
Via kostasgeorgioy.blogspot.com

Despite crisis Greece doesn’t want to give up euro

Via Scoop.it#GreekCrisis
“ATHENS: Ten years of the euro have left Greece’s economy in tatters, but the single currency remains highly popular among Greeks who fear a return to the drachma would be catastrophic. Politicians never fail to hammer it home, but the polls also confirm it: Greeks want to stay in the eurozone. “Our position in Europe is non-negotiable,” Prime Minister Lucas Papademos said recently. “Greece is and will remain part of a united Europe and the euro,” added Papademos who was governor of the country’s central bank when the currency went into circulation a decade ago and went on to become a vice president of the European Central Bank. Strong support for the euro — up to 80 percent according to polls — has held up despite the deep recession and the bitter austerity measures Greece must impose to get its bailout funds. Unemployment has rocketed, with nearly half of young people now without a job.”
Via kostasgeorgioy.blogspot.com

Self imposed contraints back to the time of the ancient Greeks.

Via Scoop.it#GreekCrisis

Via kostasgeorgioy.blogspot.com

Fiscal Crisis Takes Toll on Health of Greeks

Via Scoop.it#GreekCrisis

“PERAMA, Greece — The free clinic here opened about a year ago to serve illegal immigrants. But these days, it is mostly caring for Greeks like Vassiliki Ragamb, who was sitting in the waiting room hoping to get insulin for her young diabetic son. Four days earlier, she had run out of insulin and, without insurance and unable to pay for more, she had gone from drugstore to drugstore, pleading for at least enough for a few days. It took her three hours to find a pharmacist who was willing to help.
“I tried a lot of them,” she said, gazing at the floor.
Greece used to have an extensive public health care system that pretty much ensured that everybody was covered for everything. But in the last two years, the nation’s creditors have pushed hard for dramatic cost savings to cut back the deficit. These measures are taking a brutal toll on the system and on the country’s growing numbers of poor and unemployed who cannot afford the new fees and co-payments instituted at public hospitals as part of the far-reaching austerity drive.”
Via kostasgeorgioy.blogspot.com

Greece’s Dangerous Cuts

Via Scoop.it#GreekCrisis

Via kostasgeorgioy.blogspot.com

Respite from European Concerns?

Via Scoop.it#GreekCrisis

“Europe remains the big story, dominating everything else. This is the single most important thing to understand, for both traders and investors. It might start to be a case of the “dog not barking” for those who know their Sherlock Holmes. In the absence of fresh bad news, the market seems to have an upward tilt.
There was a developing story this week that is still given short shrift by many observers: the recognition that the European “solution” will be incremental in nature. Regular readers know that I have been a lonely advocate for this position for many months (as noted in this new summary of articles). I forecast that there will be no magic bullet and no single meeting with a comprehensive plan. I anticipate that we will observe a gradual process of compromise and negotiation. Eventually this will include many programs and participants. The result will be messy and will not please everyone. My time frame for general recognition that this is “working” is mid-2o12. I put “working” in quotes because the underlying problems will linger for years after the situation is no longer viewed as a crisis.”
Via kostasgeorgioy.blogspot.com

The euro celebrates its tenth anniversary on a background of historical crisis

Via Scoop.it#GreekCrisis
“The euro has become the last ten years in the purse of millions of Europeans without success to conquer the hearts, or marketsthat today are questioning its existence. Used in 1999 by financial markets, the euro broke into the life of every day in 12European countries on 1 January 2002, when the franc , lira DM and others have bowed out. Today the euro area encompasses 332 million people in 17 countries. Mid-2011, 14.2 billion of notes and 95.6 billion coins were in circulation for a value of nearly $ 870 billion, according to figures from the European Central Bank(ECB).
Political and economic circles continue to highlight the benefits of the single currency: “Increased choice and stable prices for consumers, more security and opportunity for companies and markets” or a “tangible sign of European identity, “and praises the website of the European Commission . But with the debt crisis, which began in Greece in 2010 before winning gradually throughout the euro area, the old resentments have resurfaced, beliefs Eurosceptics have again become “trendy” and mistrust between the North and South the region has never been higher.”
Via kostasgeorgioy.blogspot.com

2011: A year of debt crises and downgrades for global economy

Via Scoop.it#GreekCrisis
“From debt turmoils to downgrades, and the default risks for corporates and sovereign entities alike, a mosaic of grey shades overshadowed the global economic landscape in 2011 and the big brothers struggled to maintain even their anaemic growth rates. Against the backdrop of spiralling European debt contagion and leadership lacunae, the very existence of their common currency euro, a symbol of regional unity, was seen at the stake. At the same time, the Americans were seen facing their own set of woes, as the political brinkmanship over debt ceiling kept the US economy on tenterhooks.”
Via kostasgeorgioy.blogspot.com

EV/EBITDA is Best Valuation Metric According to New Study

Via Scoop.it#GreekCrisis

Via kostasgeorgioy.blogspot.com