Greece, the nation that has experienced a near economic meltdown, has finally broken its silence on the matter of bitcoin (BTC) and other virtual currencies. The central bank pretty much repeated what other financial authorities have iterated before: beware. This week, the Bank of … [Read more...]
Top 7 Political Scandals in Greece
Filed Under: Political by
Between 2006 and 2009, a number of scandals involving Greek politicians made it to the news. Formal enquiries were launched and the cases were tried in court. But in most cases, stringent action was not taken and some of the accused simply walked free. Here's the list of top scandals … [Read more...]
Greece to Get 34.3 Billion Euros in Bailout Money
The Eurogroup, a meeting of the finance ministers of all the members of the Eurozone, agreed to doll out 34.3 billion euros to Greece as part of a larger bailout plan that has famously included austerity measures that have met with much resistance. “The disbursement today will allow … [Read more...]
Pleas for Leniency from Greece Go Unheeded
The dire situation regarding the national finances for Greece came to another boiling point as Greek Prime Minister Antonis Samaras voiced a directed plea for an “accommodating policy” to the ECB (European Central Bank). This plea was to ease financial obligation on Greece's current … [Read more...]
