As Greece is about to resolve its major problem of instability and Italy has become the “new protagonist” of the crisis (with Spain and France awaiting for their turn), the investments all around Europe and the world are practically frozen. The same stands for Real Estate investments and especially in Romania, where lots of discussions had been held in the past. Now most of the investors are standing by, waiting to see what will happen, before they proceed. Is it the time for the brave? Should we call the ones who proceed as courageous? Are they the ones who know what they [...]

  Greek party: Key players and their “flexible ideas” George Papandreou belongs to one of the 3 families that has been ruling Greece over the last decades. It looks like he will not manage to preserve his family’s legacy, as he received it from his grandfather and father. Yesterday, lots of Greek politicians were “very flexible”: Vagelis Venizelos ·         Early in the morning, Mr. Vagelis Venizelos, Minister of Economy and Vice President of the government, announced that he does not agree with the idea of a [...]

  Ten minutes ago the summit of Greek ministers ended, with the Prime Minister, George Papandreou, refuses to resign. Mr. Papandreou is quoted to have said to his ministers that “we had to ask for a referendum, as the opposition did not want to vote for the new agreement. It is very important that they finally accepted it and now we can move forward. Even if we don’t go to the referendum anymore, we can still find a common ground of discussion with them”. The Greek Prime Minister does not intend to quit. Except for Mr. Andreas Loverdos, Minister of Health, no minister has [...]

  The situation in Greece gets more complicated. Right now the ministers’ summit is in progress. The Prime Minister, George Papandreou, is quoted to have started his speech to the ministers by saying: “I had to speak about the referendum, in order to force Mr. Antonis Samaras (leader of the opposition) to become responsible and realize that he cannot just oppose everything”.   While BBC expects him to resign during the following minutes, his supporters – members of the Parliament on Greek television say that he is not over yet. The major difference now is that [...]

  The Greek government lost its majority in the parliament: ·         Mrs. Milena Apostolaki became independent on Tuesday ·         Mrs. Eva Kaili became independent today ·         Mrs. Vaso Papandreou declared that she will not vote for the government and proposes a new government with all political parties involved ·         Mrs. Soula Merentiti withdrew her confidence in the government ·         [...]

  I had prepared a different text for the blog today. But… the Greek prime minister did not allow my wish to become reality. So I changed my plans, because I wanted you, my readers, to be among the first ones in the world who will know…   Last night Chancellor Merkel and President Sarkozy decided that Greece should have a referendum by December 4th, with a single question: “Does Greece want to stay in the Euro Zone? Yes or No?”. Check for more details here. This is the end of George Papandreou I was thinking to share with you this title by having a question [...]

  Let us change the negative atmosphere of the international news (especially the Greek ones). I found this application on the site of BBC and I took the test myself. So, I am the 4,082,784,702nd citizen on this planet. I just added my date of birth on the spaces. (Ok, I should also add gender, country etc, but I didn’t have the time). Find out yourselves and be… surprised! PS. Don’t be upset with Greece. I told you that you cannot understand the country just by following the announcements and the analyses by people who have never visited it… [...]

  I keep on reading analyses over the write down of the Greek debt. As usual, most analysts are focusing on the surface, not the consequences of an incident. But even if we stay on this surface, we should still state the truth. Right? The total Greek debt is approximately 360 billion Euro. Out of which 154 “can’t be touched”, as these are loans by the IMF, the bonds bought by the European Central Bank So the “haircut” was applied on 206 billion Euro. 103 of them were written down. So initially Greece was relieved of 103 billion. But at the same time Greece [...]