Friday August 22, 2014 Search
Weather | Athens
32o C
25o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
A lesson, not a model

Greece has a lot to learn from the problems that have dogged Argentina since the Latin American country declared bankruptcy in 2001.

The powers of overinflated populism – not just here but in other parts of the world too – which cited Argentina as an example of success that Greece should try to emulate and pressured governments in Athens to default on its debt payments and declare bankruptcy should take special note.

They should also not ignore the fact that not only is Argentina’s debt much smaller than Greece’s as a percentage of its gross domestic product, but it also has a much larger production base than Greece as well.

Nevertheless, despite its many assets, Argentina fell apart after declaring bankruptcy and to this day has not managed to regain its international standing and good reputation.

For Greece to have heeded the abovementioned voices and followed the same path, especially given the weakness of its economy, would have been nothing short of a complete disaster.

ekathimerini.com , Thursday June 19, 2014 (21:14)  
Self-destructing political system
Welcome movement
Logged out of reality
Manipulated institutions
KEELPNO blames stomach bug for sick tourists on Rhodes
The Center for Disease Control and Prevention (KEELPNO) on Thursday contradicted foreign press reports according to which hundreds of tourists suffered food poisoning at a hotel on Rhodes ea...
KEPs to issue new and replacement driving licenses
Greeks and foreigners living in Greece will no longer have to queue up at the Transport Ministry to get new or replacement driving licenses as the government decided yesterday that Citizen S...
Inside News
Report: Greek banks sturdily positioned
Greece’s banks are on sturdy capital ground, and if any capital injections are needed, the sum should not exceed 3.5 billion euros, Morgan Stanley notes in a new report. Morgan Stanley analy...
Economy stunted by property tax demands, report says
The overtaxation of property is suppressing the potential of an economic recovery, which could have been achieved as far back as the first quarter of 2013 had faulty and detrimental property...
Inside Business
SOCCER
Greek soccer officials in refereeing probe to face prosecutor on Sept 15
Eleven soccer officials were on Wednesday given until September 15 before they have to face prosecutor Aristidis Koreas, who is investigating allegations that the draws to decide which match...
ATHLETICS
Long jumper Tsatoumas takes Greece´s second silver at European Championships
Greece won its second medal at the European Athletics Championships in Zurich, Switzerland, on Sunday with Louis Tsatoumas coming second in the long jump. Briton Greg Rutherford won the even...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. KEELPNO blames stomach bug for sick tourists on Rhodes
2. Report: Greek banks sturdily positioned
3. Economy stunted by property tax demands, report says
4. Primary surplus exceeds January-July target figure
5. KEPs to issue new and replacement driving licenses
6. EU funds reserved for waste facilities in northern Greece
more news
Today
This Week
1. Merkel cites euro’s ‘construction flaws’ as economy sputters
2. Brussels warns Greece over plans to allow construction near Korinos beach
3. Second man held over double murder in Mani
4. Avramopoulos in US for talks with Hagel on possible Greek role in peace missions
5. Eurozone business growth slows in July, prices fall: PMI
6. Inspectors visit Rhodes to probe reports of mass food poisoning of hotel guests
Today
This Week
1. Carved sphinxes at Ancient Amphipolis tomb will not be removed
2. Treating Amphipolis with care
3. Canada’s fiscal adjustment has lessons for Greece
4. Greece to offer law on restructuring bad loans next month
5. Ministry sys ‘no’ to debt collection agencies
6. Karatzaferis eyes ND-LAOS alliance to stop Tsipras
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.