Tag Archives: Greece

The Egyptian billionaire Naguib Sawiris has offered to buy an island off Greece or Italy and develop it to help hundreds of thousands of people fleeing from Syria and other conflicts. The telecoms tycoon first announced the initiative on Twitter. He wrote “Greece or Italy sell me an island, I’ll call its independence and host the migrants and provide jobs …

By: Jonathan Cook I’m no economist but I have been wondering how Syriza plans to bypass German-imposed austerity as long as it sticks with the euro. Depressed economies recover by devaluing their currency so that they can become more competitive. But Greece is currently tied to the euro, which means it cannot devalue and must continue to compete, despite its deathbed economy, against …