Search results
Results from the WOW.Com Content Network
On 23 April 2010, after realising the second austerity package failed to improve the country's economic position, the government requested that the EU/IMF bailout package be activated. [6] Greece needed money before 19 May, or it would face a debt rollover of $11.3bn. [7] [8] [9] The IMF had said it was "prepared to move expeditiously on this ...
In return, the thirteen administrative regions of Greece, which had already been created in 1987, but in the absence of a working budget remained unable to fulfill even their limited responsibilities, [4] now assumed the prefectures' competences in regard to tax collection, European structural funding and treasury.
Since political and economic decisions were made by majority vote, Sparta's policy could change quickly, when the vote of one ephor changed. For example, in 403 BCE, Pausanias convinced three of the ephors to send an army to Attica , a complete reversal of the policy of Lysander. [ 18 ]
From a moral point of view, it is difficult to say whether the efforts of Greek unions to shut down the nation's economy are ethical. From an economic viewpoint, it is not. Massive walkouts slow ...
Greek Prime Minister George Papandreou said his nation won't deepen austerity measures beyond their current levels. The government has already made sharp cuts to national spending, which has ...
A laconic phrase or laconism is a concise or terse statement, especially a blunt and elliptical rejoinder. [1] [2] It is named after Laconia, the region of Greece including the city of Sparta, whose ancient inhabitants had a reputation for verbal austerity and were famous for their often pithy remarks.
According to an IMF official, austerity measures have helped Greece bring down its primary deficit before interest payments, from €24.7bn (10.6% of GDP) in 2009 to just €5.2bn (2.4% of GDP) in 2011, [67] [68] but as a side-effect they also contributed to a worsening of the Greek recession, which began in October 2008 and only became worse ...
Greece is among European Union's poorest and least fertile countries. But there are other barriers it faces in lifting birth rates up. ... Greece spends €1 billion a year on pro-child policies ...