Early this morning the European summit decided on a solution regarding the Greek debt crisis. I am sure that you are aware of this and what exactly it contains. If you want to read my questions on this agreement, you can check here. Lots of people are asking me if this is a good decision or not. I don’t think it’s either good or bad. I consider it FORCED. If you make 1.000 mistakes, you end up without options and someone else will decide your future. This is what happened to Greece: “The best possible solution, considering the circumstances”. It is worse than the [...]

  Tomorrow the leaders of Europe are supposed to decide the future of Greece. Between you and me, their decision will be relevant to the future of Europe, Greece is just an excuse. Countries like Italy are waiting in the queue to become “a visible problem”, once they finish with Greece. I personally do not agree with the majority of the solutions proposed. But at the end of the day I am not the one who decides. But there is one thing that I like from all these stories: Deposits are and will remain protected. For me this is something very important, as it allows to us to think [...]

  This evening I would like to share with you something different than what you read. There are just three opinions in the mainstream Greek media nowadays: ·         The ones who support the government’s agreement with the troika, as the only solution to exit the crisis. ·         The ones who oppose this agreement, without offering any alternative (except “empty words” like “ask the ones who stole to bring the money back” etc.) ·         [...]

As the economic crisis continues, Mr. George Soros and many more important politicians, businessmen and influential people decided to sign a declaration for Europe yesterday. I found their text here.   Why is this interesting for Romania? Because there is also a major Real Estate investor among them, active in the Romanian Real Estate market. I’m talking about Mr. Stelios Zavvos, CEO and founder of Zeus Capital Partners. You can find his data here.   Zeus Capital Partners has acquired properties in Romania and they continue being interested in the country. Mr. Zavvos is one [...]

  I’ve reserved an exclusivity for you, this evening. You hear everyone talking about Greece etc., but you are, probably, not aware of the fact that Greece and Germany are working on a project, in order for the Germans to invest in Greece and produce some… thousands of MW of Solar Energy. Today I present this project to you, as it was officially announced by the Greek Ministry of Environment, Energy and Climate Change. You can find the project here. Greeks and Germans speak about billions of Euro in income, if this project will be really implemented. Check it [...]

Hello to everyone. Today I decided to do something different. Not to share with you my view on a certain topic, but my opinion on the actual news, as we hear it in Romania. In case you like it, we can do it more often as well, adding to it your approach. «Romania has a fiscal risk which is 2 times smaller than the Greek one»  Source: www.hotnews.ro Comment: This is correct. I have been talking to many (important) people lately and they describe Romania as one of the best locations in Europe. Why? “Because it is not member of the Eurozone” or “because the debt [...]

This Monday morning will not be forgotten in Greek economic history. At 08.00 in the morning the minister of economy announced that “Proton Bank” has been nationalized. This is a small private bank that was involved in several scenarios and rumors over the past few months. Greece’s central bank activated a rescue fund set up under an EU-led bailout in May 2010 to restructure Proton Bank SA (PRO), with the Hellenic Financial Stability Fund becoming its sole shareholder. Athens-based Proton will reorganize into a new lender called New Proton Bank which will have a 10.6 percent [...]