European equities have fallen heavily in the past few weeks from their 2015 peaks due to the Greek debt crisis. For example, the DAX has declined from 12,390 in April to 10,667 today. As of July 7 close, the returns of the major indices are listed below: S&P 500 Index: 0.5% UK’s FTSE 100: -0.50% …
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The greek debt drama continues to drag on with no end seem to be sight. Now that the Greeks have voted “no” to creditors’ demands in the referendum yesterday, the country faces a difficult future ahead. Today the OECD released a report titled “Government at a Glance 2015” comparing the performance of public sector across countries.The following are …
Every year the Forbes magazine publishes its annual list of Forbes Global 2000 list. These companies represent the largest and most profitable firms from around the world. From the 2015 report: The FORBES Global 2000 is a comprehensive list of the world’s largest, most powerful public companies, as measured by revenues, profits, assets and market value. …
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Greece is the birthplace of democracy. However modern-day Greece can be considered as a “failed state” by some measures. For example, the country is notorious for tax evasion from ordinary people to billionaire shipping magnates. No wonder, Greece is the poorest country in developed Europe. For better or worse, Greece was included in the European Union. In …
The Greek debt drama is taking center stage again in recent weeks. A few years ago it appeared that the Greek story was dead once and for all. Alas. That did not happen.Every few years the tiny poorest country in developed Europe appears to rear its ugly head again on the international arena. It is …