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Parched Cyprus in desperate search for water
A man walks across the parched surface of the Kouris dam near Limassol... |
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EDITORIAL |
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Missing the investment train
Charges by Spanish businessmen accompanying their prime minister to Athens, who claim that their 2.5 million euro investment proposals for natural gas plants and renewable energy sources are going nowhere, come as no surprise. As already shown in a survey by the World Bank and other organizations, Greece is an undesirable destination for foreign investment capital, first of all on account of its hostile bureaucracy and secondly because of the widespread corruption that raises production costs. |
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EDITORIAL:AthensPlus |
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The mother of invention
The economic crisis that has broken out across the world looks like the beginning of a difficult time for many countries. Even Europe, with its relatively well-off population and sophisticated safety net for the poorest citizens, looks like it will suffer greatly in the storm. And Greece is no exception. Just six months ago, the government and bankers were proclaiming that Greece would be immune to the credit crunch caused by the subprime mortgage fiasco in the United States. But that crisis kept deepening, making money more expensive after a long period of low rates, at the same time that fuel and food prices, as well as other commodities, began to reach unprecedented highs. |
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