Greek was chic (remember the hit film My Big Fat Greek Wedding?) ... Whether Ellinikon is really a sign of an enduring Greek renaissance is hotly disputed. For many Greeks, not much has improved since the dark days of the debt crisis.
Later, during the Greek debt crisis, rapid downgrades by rating agencies intensified market panic and constrained policymakers, showing how reactive – and damaging- these ratings could be.
So I’m waiting patiently for the next book in the cycle on debt covering the crusades and onward, because that’s a particular interest of mine from a literary perspective on Christian hermeneutics ... And so he said, it’s not really about debt at all.
The IMF may have been wrong about the sustainability of the Greek debt, in the sense that the country appears for the time being capable of consistently repaying its otherwise unimaginable debt – at 150% of GDP.
It has the scent of new life ... He was announcing that the debt of sin had been fully paid. The word he used in Greek was, “Tetelestai,” which means “paid in full.” That means your past mistakes, failures and regrets don’t have to define you anymore ... .
Artemidorus, a Greek of Daldis in Asia Minor (modern-day Turkey), lived during the 2nd century AD... Similarly, the Greek novelist Achilles Tatius described dreams as tools preparing the soul for adversity, rather than instruments for altering fate.
And where exactly are we? GreekGDP is at the levels it was 15 years ago. Public debt, both in absolute terms and as a percentage of GDP, is many times higher than it was 15 years ago – when the public debt crisis started.
Investors think they have a risk-free asset - it could be a mortgage-backed security, shares in a Bernie Madoff fund, Greek debt - and are surprised when it turns out not to be ... to reduce its debt.
But most of the attention fell on stadium construction and transport, not greenery.</p><p> "We haven't given the proper attention on reducing vehicle traffic or upgrading building ...