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Europe

Greek Artists Inspired by Economic Crisis

Artists in Greece are fighting back against cuts to arts funding, as the country struggles to solve its debt crisis and impose tough austerity measures. Difficulties and lack of money have inspired young people who represent various arts. Journalist Mark...

Greek Ship Owners Cashing in on Economic Crisis

According to a recent article in the German financial newspaper Der Handelsblatt, the weaknesses of the German shipping businesses to cover additional funding, benefits Greek and Chinese ship-owners. The article states that at least two-thirds of German businesses involved in...

Greek Companies Active in Polish Markets Despite Greek Economic Crisis

Greece is being hit by political turmoil as it struggles under the effects of the economic crisis. However, for many Greek companies based in Poland, this year has been business as usual. There are currently about 40 companies with Greek...

Sotheby’s Greek Sale Hit by Economic Crisis

In recent years, Sotheby's was accustomed to enjoying the gains offered by Greek sales. However, on Monday, with the closure of the first Greek Sale for 2011, the gains of the day were slightly disappointing. Sources say that many people in...

Credit Suisse Borrows $54bn from Central Bank as Fears of Global Crisis Grow

Banking giant Credit Suisse secured a deal on Wednesday to borrow up to $54bn from the Swiss Central Bank to shore up its finances as authorities try to avert a global financial meltdown. Shares in Credit Suisse fell 24 percent...

EU Energy Crisis: Greece Outlines Six-Point Plan

Greece's Prime Minister Kyriakos Mitsotakis outlined a six-point plan to deal with Europe's energy crisis earlier this week. In a letter addressed to EU officials, the Greek leader calls for the EU to deal with the economic repercussions of soaring...

Turkey Bars Warships From Black Sea Straits Amid Russia-Ukraine Crisis

Turkey barred warships from passing through key straits in the Black Sea in a bid to de-escalate the Russia-Ukraine crisis on Monday. The move came after Ukraine asked Turkey to activate a 90-year-old international pact that can be used to...

Ukraine Crisis: Biden Responds to Russia by Imposing Sanctions

United States President Joe Biden responded to Russian President Vladimir Putin on Monday after the latter declared he is recognizing the independence of two regions in Ukraine. Putin will likely use this recognition as a reason to invade Ukraine. Biden...

Crisis in Turkey Forces Vendors to Sell the Delicacy Koulouri Cut in Half

The economic crisis and spiraling price rises in Turkey have forced street vendors to sell their iconic bread koulouri, or as Turks call it “simit”, cut in half. Turkish citizens are having increasing difficulties coping with the rising prices of...

Could EU Energy Price Hikes Lead to a Global Energy Crisis?

Gas and other energy prices have spiked in Greece, Europe and globally in the past two weeks. Experts have been researching whether this could lead to a new global energy crisis, like the one in the 1970s. Analysts believe gas...

US Plans World Summit on Refugee Crisis

U.S. Secretary of State John Kerry called on the world's nations Friday to redouble their efforts to solve the crisis posed by unprecedented numbers of war refugees, help victims of other global crises and combat the rising threat of...

Merkel Rules out Tax Increases in Refugee Crisis

German Chancellor Angela Merkel on Sunday ruled out tax increases to help deal with the biggest influx of refugees since World War II. "We can be glad that our economy has been well managed for years and that our economic...

An Ancient Greek Wrote the Perfect Play to Reflect on the Refugee Crisis in Europe

By: Laura Swift Berlin recently agreed to curb the number of migrants it welcomed after a backlash against Angela Merkel’s suspension of EU rules limiting numbers. It followed previous scenes of crowds welcoming new arrivals, which commentators had suggested was...

Two Germans Turn Greek Crisis into a Board Game

Nikolai Diekerts, 28, and Julian Schärdel, 29, are friends and they share a common passion: board games. However, they are interested in finding new games that escape the mainstream board game market rules and promote their own ideas. It appears...

Inspirational Video: Is Crisis an Excuse to Surrender to Cynicism?

If you face any kind of crisis, the last person you would think to ask for advice might be a Greek ship owner. However, this man delivered one of the most inspirational speeches we have seen on the topic...