The Greek crisis is moving toward a climax. The issue is actually quite simple. The Greek government owes a great deal of money to European institutions and the International Monetary Fund. It has accumulated this debt over time, but it has become increasingly difficult for Greece to meet its payments. If Greece doesn't meet these payments, the IMF and European institutions have said they will not extend any more loans to Greece. Greece must make a calculation. If it pays the loans on time and receives additional funding, will it be better off than not paying the loans and being cut off from more?Add a comment
Greece steadily remains the most corrupt country among EU, together with Italy, Romania and Bulgaria despite taking strides towards tackling endemic corruption, according to the corruption perception index for 2014 published by Transparency International.
The same report, published on Wednesday December 3rd shows that Denmark is the least graft-prone country with Finland and Sweden also scoring well, coming in directly below Denmark.
According to Transparency International, the Corruption Perceptions Index measures the perceived levels of public sector corruption worldwide, and paints an alarming picture for Greece. Not one single country gets a perfect score and more than two-thirds score below 50, on a scale from 0 (highly corrupt) to 100 (very clean).
Greece’s unemployment rate reached 25.9% in August, down from 26.1% recorded the previous month and 27.8% recorded in August, 2013, according to figures released by the Hellenic Statistical Authority, ELSTAT, on Thursday November 13th.Add a comment