The capital controls imposed by the Greek government to protect the country’s banking system from collapse have left many people and companies, both Greek and foreign, scratching their heads as to how to go about their lives and businesses.
Today we still use an industrial age monetary construct while we have technologies to do things differently. Greece could create a precedent with a different way of addressing economic problems, says one of the architects of the euro, Bernard Lietaer.
Greece will need €10 billion over the next few months and an additional €50 billion in the next three years, says the IMF. Before making any repayments, Athens should have a 20-year grace period, so the last debt payment would be made in 2055.
The eurozone project is a complete fiasco so Greece should be allowed to go back to the drachma, to devalue and to rebuild itself, columnist and podcaster Jon Gaunt told RT. This might be the beginning of the end of the whole EU he adds.
Once you commit to helping children in need, you stop seeing children as “yours” and “other children.” The fate of every single kid in desperate need of help becomes your problem, your task, and your mission.
Beijing needs to quicken financial sector reform. The model of “the traditional investment-driven growth shaped by heavy state intervention” has started slipping, says the World Bank report. This could overshadow 30 years of “stellar performance”.
WikiLeaks has published secret “core text” related to the controversial trade agreement currently being negotiated behind closed doors between the US, EU and 23 other countries. Big corporations look to be the biggest winners in the deal.