Spotlight on Geopolitics

Archives for Greece

Postcard from Rhodes

The latest statistics regarding Greek tourism indicate a drop of 20 percent in the number of visitors over the past two years. Together with my wife, I have lived and worked in Rhodes for about four weeks this summer and as a result I now have a much better understanding of the problems experienced by… » read more

Posted by Florian Pantazi

The problems of the Greek economy have received all the attention necessary from large German tour operators, who understand the need to dramatically increase the number of German tourists holidaying in Greece. Despite recent acrimonious exchanges between parts of the German media and Greek politicians, German intellectuals have always admired the achievements of Greek civilisation,… » read more

Posted by Florian Pantazi

International speculators bent on creating an eurozone debt crisis where there wasn’t one could now rejoice. One of their earlier bets, a no-brainer at that, was that when austerity measures would finally be adopted by the Greek government, mass protests will ensue. On the 5th of May, protest actions which started peacefully a week earlier… » read more

Posted by Florian Pantazi

One of the most annoying consequences of the 2007-08 financial crisis, and now of the European debt crisis, is the re-emergence of religious fascism. We’ve seen it all before, in the 1930’s. In Spain, Franco’s fascist regime was strongly backed by the Catholic Church until the end of the ‘seventies. In Romania, Orthodox fascists calling… » read more

Posted by Florian Pantazi

In the wake of the attacks on Greece, Portugal and Spain’s credit ratings, it is worth knowing how NY speculators – the same who provoked the 2007-2008 global financial crisis – are now using rumour-mongering and the subsequent investor panic to turn a profit. Pitiful, but true. In an editorial on the current debt crisis… » read more

Posted by Florian Pantazi

Last week’s Davos Economic Forum became a center stage for condemning casino capitalism in earnest. The most comprehensive critique came from French President Nicolas Sarkozy. His attacks on Wall Street bankers’ misdeeds and unreasonable bonus packages were combined with a call for the organisation of a second Bretton Woods conference. The stated objective was to… » read more

Posted by Florian Pantazi

Greece: Storm in a Tea Cup

For the past few weeks, rating agencies like Fitch and Moody’s have hoped to stir up a financial storm within the European Union by downgrading Greece’s sovereign debt and treasury bond issues. On the Greek stock exchange, the downgrade has prompted a slide in bank shares, amid fears that government T-bills cannot be used as… » read more

Posted by Florian Pantazi