The Ionian Sea island of Zakynthos, famous for its gorgeous beaches and sparkling waters, is also home to an unabashed and shameless scam which occurred over several years, eventually costing the Greek government several millions […]
Tag: Grexit
Greece Capitulates to Creditors’ Demands in Order to Remain in the Eurozone
Greek Prime Minister Alexis Tsipras agreed to European demands in order to immediately qualify for up to $95 billion of aid Greece needs to remain in the Euro Zone. These agreements were reached at a […]
‘No’ Vote To Austerity Pushes Greece Closer To Euro Exit
After voting ‘no’ to more austerity measures issued by its creditors, Greece is now at the mercy of the European Union. Greece failed yet again to meet another deadline for paying back some of their […]
Greece Exit Polls Show ‘No’ Vote On European Exit
Polls have just closed in Greece after the country voted today on whether to remain a member of the European Union or whether to leave the economic zone. At the close of polls, 7pm local […]
Greek Contagion Spreads As Italian Banks Fail To Start Trading On Monday
Just a few hundred miles west of Greece lies Italy, where banks have aggressively courted Greek business over the years. This may now make them among the first to feel any effects of a Greek […]
Greece Teeters Closer To Bankruptcy, Announces More Capital Controls
The latest developments in Greece do not appear to be positive. Last week, the Greek government seized “excess cash” from municipal government to replenish the central bank coffers so that Athens would be able to […]