This Mediterranean country dumped its own currency, the drachma, in 2001 in favor of the European Union's new single currency, the euro. As a result, it gained unprecedented footing in financial markets. With Greek debt backed by the rock-solid euro, the leadership in Athens raised billions from … [Read more...]
Historical Development of Cyprus Problem: Postures and Thesis of Parties within the Period Ending 1974
Bars OZDAL As is known, Cyprus Problem has been using its currency since years and depending on developments faced in international conjuncture, this problem comes into prominence from time to time and sometimes it is left in the background. Nevertheless, in general it is observed that Cyprus … [Read more...]
Is Europe Imploding?
Immanuel WALLERSTEIN http://iwallerstein.com/is-europe-imploding/ Commentary No. 280, May 1, 2010 Europe has had its nay-sayers since it started on the long road to unification. There were many who believed it impossible. And there were many who thought it undesirable. Still one has to say that, … [Read more...]