No Greek relief, Germany said

When it says no, it means no even if it is the IMF that insists. The German government headed by Chancellor Angela Merkel reiterated its opposition to any relief for Greece’s debt. Even though the policies enforced since the sovereign debt crisis in 2011 have […]

Bad Weather forecast for the whole Euro area

Greece would still be on the brink of collapse, Italy would no longer control its public accounts and its banking system, the United States would seek to terminate the euro, the United Kingdom would seek a hard Brexit and major elections will take place soon...

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Most-read Greek daily also in crisis

Since at least November 2016, the Greek government and its international creditors are engaged in an increasingly tense tussle. Yesterday, Cyceon informed its readers about the latest IMF report which worried about Greece’s general situation. Today, the Greeks can no longer read their favorite daily […]

Endless prolonged recession for Greece

As tension keeps mounting between Greece and its international creditors, the IMF listed the priorities for Greece’s return to sustainable growth. Summing up, “Greece should deepen and accelerate reforms, which, together with further debt relief, are needed to allow the economy to return to a […]

Greece’s still in crisis after years of austerity

The situation in Greece is not positive in light of its efforts in recent years to restore its economy. This finding shared by Cyceon’s correspondents underlines the failure up to now of the general economic policy of the euro area, recently strengthened by the popular...

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Is walking dead Greece safe enough in Alexandria?

After the agreement reached in August 2015 between Greece and its creditors, the news coverage about the economic situation in Greece has become far more discreet since Prime Minister Alexis Tsipras’ government has decided to not leave the euro area – the “Grexit”. Could it...

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3rd largest public debt, Italy’s a risk of contagion

Summing up History quickly, Greece has been a leading nation till Rome let’s say Italy took up the torch. The same story, although far less significant for the human kind, may be happening in the banking sector. The 680 Italian banks or so are currently...

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