Posts Tagged ‘Greece’

  • Tax Revenue

    Greek Taxes

    Nov 29, 11 • 463 Views • No Comments

    Having added property taxes to electric bills, the Greek government is shutting off the power to people who do not pay what they owe. The response? In a northern suburb of Athens, a mayor has assembled a group of electricians to reconnect people who lose...  [read more]

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    The First Credit Default Swap

    Nov 28, 11 • 502 Views • No Comments

    Some of the euro zone’s problems actually started with the Exxon Valdez oil spill. After the 1989 Exxon Valdez calamity, when an Alaska jury said that Exxon owed $5 billion in damages, they asked J.P. Morgan for a $4.8 billion line of credit. Concerned...  [read more]

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    California and Kentucky

    Nov 20, 11 • 322 Views • No Comments

    Could we compare California’s relationship with Kentucky to Germany and Greece? Somewhat like Germany and Greece… California and Kentucky share the same currency. California has a more vibrant economy than Kentucky’s. Workers in California...  [read more]

  • Unless We Look More Closely at Women in the Global Labor Force, We See Only the Tip of the Iceberg.

    Leaving the Euro

    Nov 5, 11 • 326 Views • No Comments

    Would you like to win 250,000 British pounds? Predicting that a nation’s euro zone exit would be catastrophic unless properly managed, a UK businessman has sponsored a contest. To win the prize money, you just need to submit the best departure plan. The...  [read more]

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    Default Deja Vu

    Nov 2, 11 • 297 Views • No Comments

    Between its independence in 1829 and 2006, Greece has had 5 defaults or debt reschedulings that occupied a total of 50.6 years.  Described by Rogoff and Reinhart in their 2008 paper and book, This Time It’s Different, few nations break out of a...  [read more]