Greece economy

Murder, suicide, disease surges under Greek austerity

A homeless man sleeps outside the headquarters of the Bank of Greece in Athens

When Greece's economy took a plunge, murders and disease rates soared, according to a study that suggests the impact of the European nation's austerity cuts may be worse than expected. Suicide and murder rates climbed from 2007 to 2009, particularly among men, and unusual outbreaks of malaria, West Nile virus and HIV took clinicians by surprise, according to the findings published in the American Journal of Public Health on Thursday.

Saturday, 20 April, 2013, 3:27am

Business Digest, December 20, 2012

Galaxy Entertainment plans to invest between HK$40 billion and HK$50 billion in the newest phase of a resort on Macau's Cotai strip.

Western areas allotted 578b yuan in projects

20 Dec 2012 - 3:19am

Misdiagnosing European austerity

Economists have proposed models that explain very well how the global system has come to this point and how that has affected European Union countries in the grip of austerity measures. Photo: Bloomberg

Tom Holland's Monitor column ("Opponents of austerity are barking up the wrong tree", December 10) is excellent. That is, it is an excellent example of the narrow, ahistorical and uncritical approach of neo-liberal economics.

14 Dec 2012 - 3:03am

Business Digest, December 4, 2012

UBS nears rate-fixing deals with US, Britain

HK$8.9m in bonus shares for HKEx chief

Hong Kong Exchanges and Clearing has awarded chief executive Charles Li Xiaojia shares worth HK$8.92 million as a long-term incentive. The HKEx board also approved HK$103.48 million for the purchase of shares to be awarded to other selected employees. Enoch Yiu


Greece to spend €10b on bond buy-back

4 Dec 2012 - 3:10am

Debts force nations to quit Eurovision song contest

Anastasiya Petryk from the Ukraine performs during the dress rehearsal for the Junior Eurovision Song Contest. Photo: EPA

One after another they are calling in sick. First, Portugal and Poland and now, short of an economic miracle, Cyprus and Greece.

3 Dec 2012 - 4:24am

Europe's Plan C for Greece no better than previous plans

A plan for Greece to grow its way out of its debt problem appears to be just one of a long line of stopgap measures. Photo: Bloomberg

Europe's leaders have reached Plan C in their efforts to rescue Greece. Unfortunately, it lacks a crucial element also absent in plans A and B: adequate debt relief.

29 Nov 2012 - 3:46am

Talking points

Zhang Zhijun

Strategic dialogue for China and South Korea

26 Nov 2012 - 2:58am

Fear of failure looms over EU budget summit

 British Prime Minister David Cameron speaks during a press conference during a second day of the European Union leaders summit in Brussels on June 29, 2012. Conservative Party leader Cameron is being urged by some fellow lawmakers to refuse any real terms increase in the EU budget at the summit in November 2012. Photo: AFP

An EU budget summit seemed set for trouble before it began on Thursday as leaders were to start two days of talks to agree a trillion-euro budget that has bitterly divided a 27-nation union already mired in crisis.

22 Nov 2012 - 11:46am 2 comments

Greek PM Antonis Samaras tells euro partners to pay up on promised loans

Antonis Samaras says Greece has done its part. Photo: Reuters

Greece reacted with dismay to a failure by European finance ministers to agree to release up to €44 billion (HK$436 billion) of rescue loans it vitally needs, with the prime minister warning that the stakes are higher than his debt-ridden country's future.

22 Nov 2012 - 4:08am

Talking points

Martin McGuinness

Greece runs out of cash

16 Nov 2012 - 2:20am

Can the US economy survive the fiscal cliff?

A vegetable for fiscal health.

One certainty about life, in addition to Keynes' death and taxes, is that everything changes. And no more so than in the financial environment. For a while everybody was fixated by the problems surrounding the US, then Greece, then concern moved to the PIGS, oh, and let's not forget Europe's banks.

14 Nov 2012 - 2:58am

Brothel owner in storm over gift to hard-up school

Brothel owner Soula Alevridou is at the centre of a storm after she donated money to a cash-strapped primary school. Photo: Reuters

In a country ravaged by recession, Soula Alevridou stands out, in more ways than one. Where other Greek entrepreneurs have fallen on hard times, her business is booming: so much so that she has been forced to open new premises to meet demand.

12 Nov 2012 - 3:55am

As prices fall in troubled Athens, yields rise

The economic crisis is prompting Athens businesses, banks and other property owners to close stores and branches. Photo: Bloomberg

Yields on prime commercial property in Athens climbed this year as pessimism over Greece's economy and the prospect of banks selling assets depressed real estate values, according to Colliers International.

24 Oct 2012 - 2:57am

Buyers biding their time

Capari, a six-bedroom, five-bathroom opulent property on the island of Tinos, a few nautical miles from Mykonos, is on the market for €2 million.

Vultures - of the avian kind - are opportunistic predators. They can sniff out potential prey from more than a mile away, and will hone in and circle it until satisfied that the time is right to strike.

24 Oct 2012 - 2:56am