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Tag: Greek economic crisis

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Moody’s Keeps Junk Rating For Greece Debt

Moody’s has maintained its deep junk “Caa3” credit rating for Greek government debt, but has upgraded its outlook following recent political breakthroughs. “Moody’s Investors Service has today confirmed Greece’s government bond rating at Caa3 and changed the outlook to stable,”

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Brain Drain: Educated Greeks Flee a Nation In Economic Ruin

As Greece stumbles from one economic disappointment to the next, the country is now exporting something it desperately needs to retain; young, educated workers. Thousands of skilled Greeks are heading overseas to further their careers, leading to fears the deeply

A barbed wire is seen in front of a European Union flag at an immigration reception centre in Bicske

The EU Is Dead: It Just Refuses to Lie Down

Anyone who has ever witnessed the terminal struggles of insects in a killing bottle will recognise the nature of the paroxysms contorting the EU “leaders” today. The Greek pantomime is beyond parody. It is a shadow-boxing contest between two factions of the

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Strange Bedfellows: Turkey Offers Greece Aid to Remedy Financial Crisis

Multiple factions within the Turkish government have expressed a willingness to help the Greek government repay its debts to the European Union, from a general statement by Turkish Prime Minister Ahmet Davutoglu that Turkey will do “whatever we can” to help Greece to the nation’s leftist party suggesting a massive loan to the Greek government in solidarity.