Financial crisis

The stock market corrections that brought about the coronavirus scare have come as a surprise for many investors.

The fires are extinguished with resignations, money distribution and postponement, but such methods exhaust their effectiveness and do not solve problems, said the head of state in Belovo.

The price of gold has reached a 7-year high because of the danger of a military conflict between Iran and the United States. It reached $ 1,582 an ounce. This is the highest value since April 2013. The rise was expected because in times of geopolitical crises, gold is seen as a safe investment and the price goes up.

The biggest challenge facing Greece's new government is without a doubt managing the ongoing migration and refugee crises, and for many reasons too.

The German economy will be able to counteract a possible economic crisis, Finance Minister Olaf Scholz said today in an interview with the public broadcaster ARD, quoted by Reuters.

The minister, however, added that he did not expect a crisis as severe as the one that had occurred in 2008-2009.

Three out of 10 companies founded during the years of the financial crisis (2009-18) did not survive it, according to a study by the Center of Planning and Economic Research.
The least affected were private capital companies, also called "one-euro companies" because they did not have a minimum capital requirement.

The clouds are thickening over the global and the European economy.

A confluence of events and conditions has created an environment of uncertainty and insecurity.

By Alexandros Kapsylis

Harvard Economics Professor and ex-IMF Chief Economist Kenneth Rogoff discusses the challenges posed by the Greek economic crisis, the errors made in addressing them, and ways in which the economy can be placed back on a growth path in an exclusive interview with To Vima on Sunday (24 February).

Greece may risk a new financial crisis if its banks do not succeed in ridding their balance sheets of their bad loans, news agency Bloomberg said in an article on Friday.

Bloomberg said "crippled banks remain one of the biggest hurdles" to Greece's economic recovery, noting those loans make up almost half of total lending.

One main reason that countries plunge into prolonged periods of decline is the absence of consensus. Greece has paid dearly for this. With a little consensus, we could have had private universities, we could have avoided bankruptcy and could have exited the bailouts much earlier.