Greece Able to Call Its Own Tune

The euro crisis started in Greece, and it won’t be over until doubts over Greece’s prospects are erased. That this is still some way off was clear from Greece’s latest bailout review, the longest and most attritional yet. After seven months of haggling, the troika of official lenders—the European Commission, the European Central Bank and the International…

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Holidays at Cyprus in light of banking crisis

Frequently Asked Questions and Answers 1. Can tourists make payments with credit cards and EC cards problem-free? YES 2. Can tourists withdraw money from cash dispensers with their credit cards and EC cards? YES 3. Have you noticed bottlenecks in terms of foodstuffs, medications or gas? NO 4. Will strikes of the public enterprises, e.g.…

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EU plans XXL bailout package

According to FT Deutschland, eurozone leaders are preparing a larger than expected rescue fund (‘XXL bailout package’) to be validated by the end of November at the latest. Same source notes that modifications to the Greek bailout and the program planned for Cyprus as well as a second Spanish request for aid could all be…

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