Over the last decade, Greece went on a debt binge that came crashing to an end in late 2009, provoking an economic crisis that has decimated the country’s economy, brought down its government, unleashed increasing social unrest and threatened the future of the euro.
Since a change in government revealed the true size of the country’s massive deficits, Greece has been kept afloat by its fellow euro zone countries, but at a steep price: the austerity measures demanded by France and Germany in return for two massive bailout packages, totaling 240 billion euros, have ripped holes in the Greek safety net and plunged the country into a recession of near-Great Depression dimensions.
After long resisting the idea of a default, European officials in March 2012 helped Greece negotiate a landmark debt restructuring deal with the vast majority of its private sector lenders, who agreed to swap $77 billion in Greek debt for new bonds worth as much as 75 percent less. It was the largest default in history.
The deal cleared the way for the so-called troika — European Commission, the European Central Bank and the International Monetary Fund — to begin releasing funds from the second, 130 billion euro ($163.4 billion) bailout package, avoiding an uncontrolled default. But many economists said it still left Greece saddled with unsustainable debts and little prospects for growth.
While Greece received billions of euros in emergency assistance from the lenders overseeing its bailout, almost none of the money is going to the Greek government to pay for vital public services. Instead, much of it is flowing directly back into the troika’s pockets. The European bailout that was supposed to buy time for Greece is mainly servicing the interest on the country’s debt; other funds have been set aside for propping up the nation’s shaky banks. Meanwhile, the Greek economy continues to decline.
In early May 2012, voters upended the country’s political system in a parliamentary election that saw the crushing defeat of the dominant parties, who were blamed for Greece’s collapse. Parties representing the left and the far-right made gains, as Greeks protested the austerity pact. After the leading parties failed to form a coalition, a caretaker government was installed until elections in June.
Over the last decade, Greece went on a debt binge that came crashing to an end in late 2009, provoking an economic crisis that has decimated the country’s economy, brought down its government, unleashed increasing social unrest and threatened the future of the euro.
Since a change in government revealed the true size of the country’s massive deficits, Greece has been kept afloat by its fellow euro zone countries, but at a steep price: the austerity measures demanded by France and Germany in return for two massive bailout packages, totaling 240 billion euros, have ripped holes in the Greek safety net and plunged the country into a recession of near-Great Depression dimensions.
After long resisting the idea of a default, European officials in March 2012 helped Greece negotiate a landmark debt restructuring deal with the vast majority of its private sector lenders, who agreed to swap $77 billion in Greek debt for new bonds worth as much as 75 percent less. It was the largest default in history.
The deal cleared the way for the so-called troika — European Commission, the European Central Bank and the International Monetary Fund — to begin releasing funds from the second, 130 billion euro ($163.4 billion) bailout package, avoiding an uncontrolled default. But many economists said it still left Greece saddled with unsustainable debts and little prospects for growth.
While Greece received billions of euros in emergency assistance from the lenders overseeing its bailout, almost none of the money is going to the Greek government to pay for vital public services. Instead, much of it is flowing directly back into the troika’s pockets. The European bailout that was supposed to buy time for Greece is mainly servicing the interest on the country’s debt; other funds have been set aside for propping up the nation’s shaky banks. Meanwhile, the Greek economy continues to decline.
In early May 2012, voters upended the country’s political system in a parliamentary election that saw the crushing defeat of the dominant parties, who were blamed for Greece’s collapse. Parties representing the left and the far-right made gains, as Greeks protested the austerity pact. After the leading parties failed to form a coalition, a caretaker government was installed until elections in June.
Presentation for PMIIC - Open Membership Meeting 74th on 26th October 2016 at Multimatics - AXA Tower 37th Floor - Jakarta, Indonesia.
Presentation Duration: 2 hours
Presentation Content: This presentation describes the risks and challenges for IT Project Managers when managing IT projects especially in banking industry.
Presentation by Reka Somssich, Hungary, on the Sources of the EU Law and decision making institutional framework in the EU, given at the workshop organised by SIGMA with the Turkish Ministry for EU Affairs on the Transposition of EU legislation into the legal system of Turkey, Ankara 25 May 2016.
We all know Greece is in deep trouble after defaulting on its debt to the International Monetary Fund. Many Greeks blame the austerity measures for much of the country’s continuing problems. The leftist Syriza party rode to power this year promising to renegotiate the bailout.
The Greek economy is shrinking. At such times one of the tools available with government is to tinker with the currency. Unfortunately the Greeks cannot do so because they share their currency with other nations of the EURO region.
Today’s lesson by Prof. Simply Simple attempts to explain you the story of ‘Greece Crisis’ using an interesting analogy.
European Union Legislative and Regulatory UpdateManagedFunds
This new educational and informational resource offers users in depth information on the many legislative and regulatory issues facing the hedge fund and managed futures industries in the EU.
Along with current status and scope of the issues, the presentation also lists MFA’s views on the issues and key concerns. This extensive guide covers a number of issues, including:
Financial Transaction Tax
Markets in Financial Instruments Directive (MiFID) and Markets in Financial Instruments Regulation (MiFIR)
Market Abuse Directive (MAD) and Market Abuse Regulation (MAR)
Shadow Banking
Alternative Investment Fund Managers Directive (AIFMD)
European Markets Infrastructure Regulation (EMIR)
European Short Selling Regulation
European Union Member State Short Selling Bans
On June 23rd 2016 the UK voted in a referendum to leave the European Union. Prime Minister David Cameron resigned the morning after the vote and a few weeks later, Theresa May was elected leader of the Conservative Party and new Prime Minister
The process of Brexit has begun although the timing of the decision to invoke Article 50 of the EU treaty remains uncertain
Once Article 50 is invoked, there is a maximum period of two years before the UK finally leaves the EU. The terms of the UK’s new economic relationship with the EU also remain uncertain.
Withdrawal of the United Kingdom (UK) from the European Union (EU), often shortened to Brexit is a political aim of some political parties, advocacy groups, and individuals in the United Kingdom.
In 1975 a referendum was held on the country's membership of the European Economic Community (EEC), a precursor to the EU.
The outcome of the vote was that the country continued to be a member of the EEC.
More recently the European Union Referendum Act 2015 has been passed to allow for a referendum on the country's membership of the EU, with a vote to be held on 23 June 2016.
Presentation for PMIIC - Open Membership Meeting 74th on 26th October 2016 at Multimatics - AXA Tower 37th Floor - Jakarta, Indonesia.
Presentation Duration: 2 hours
Presentation Content: This presentation describes the risks and challenges for IT Project Managers when managing IT projects especially in banking industry.
Presentation by Reka Somssich, Hungary, on the Sources of the EU Law and decision making institutional framework in the EU, given at the workshop organised by SIGMA with the Turkish Ministry for EU Affairs on the Transposition of EU legislation into the legal system of Turkey, Ankara 25 May 2016.
We all know Greece is in deep trouble after defaulting on its debt to the International Monetary Fund. Many Greeks blame the austerity measures for much of the country’s continuing problems. The leftist Syriza party rode to power this year promising to renegotiate the bailout.
The Greek economy is shrinking. At such times one of the tools available with government is to tinker with the currency. Unfortunately the Greeks cannot do so because they share their currency with other nations of the EURO region.
Today’s lesson by Prof. Simply Simple attempts to explain you the story of ‘Greece Crisis’ using an interesting analogy.
European Union Legislative and Regulatory UpdateManagedFunds
This new educational and informational resource offers users in depth information on the many legislative and regulatory issues facing the hedge fund and managed futures industries in the EU.
Along with current status and scope of the issues, the presentation also lists MFA’s views on the issues and key concerns. This extensive guide covers a number of issues, including:
Financial Transaction Tax
Markets in Financial Instruments Directive (MiFID) and Markets in Financial Instruments Regulation (MiFIR)
Market Abuse Directive (MAD) and Market Abuse Regulation (MAR)
Shadow Banking
Alternative Investment Fund Managers Directive (AIFMD)
European Markets Infrastructure Regulation (EMIR)
European Short Selling Regulation
European Union Member State Short Selling Bans
On June 23rd 2016 the UK voted in a referendum to leave the European Union. Prime Minister David Cameron resigned the morning after the vote and a few weeks later, Theresa May was elected leader of the Conservative Party and new Prime Minister
The process of Brexit has begun although the timing of the decision to invoke Article 50 of the EU treaty remains uncertain
Once Article 50 is invoked, there is a maximum period of two years before the UK finally leaves the EU. The terms of the UK’s new economic relationship with the EU also remain uncertain.
Withdrawal of the United Kingdom (UK) from the European Union (EU), often shortened to Brexit is a political aim of some political parties, advocacy groups, and individuals in the United Kingdom.
In 1975 a referendum was held on the country's membership of the European Economic Community (EEC), a precursor to the EU.
The outcome of the vote was that the country continued to be a member of the EEC.
More recently the European Union Referendum Act 2015 has been passed to allow for a referendum on the country's membership of the EU, with a vote to be held on 23 June 2016.
Human RIghts Conference in Geneva at UN- March 2011 invitation Unification Movement
An invitation to an exciting conference on human rights issues, taking place in Geneva with many top activists and experts, as a side program of the official UN human rights conference.
Race, ethnicity and nation international perspectives on social conflictyoonshweyee
an international and comparative analysis of social division rooted in race, ethnicity and national identity. It provides an overview of the key issues underlying ethnic conflict which has now risen to the top of the international political agenda.
Invitation to Knesset March 20 conference on racism at the knesseteurope_in_israel
This conference is supported by the European Union through the project “The Coalition Against Racism: Fighting Racism, Building Solidarity Between Communities in Israel” within the European Instrument for Democracy and Human Rights (EIDHR) programme.
You are welcome to participate in a workshop "HOW TO WIN EUROPEAN TENDERS" organized by the Israel Export & International Cooperation Institute and Enterprise Europe Network – Israel, on 10 January 2012.
Find us on Facebook:
http://www.facebook.com/Europe.in.Israel
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
1. From 16:15 Registration and reception 14:30-15:30 The Transatlantic Relations in the
Age of the Lisbon Treaty
16:45-17:00 Greetings Keynote Speaker:
Prof. Charles Kupchan, Georgetown University, U.S.A
17:00-19:00 Facing New Challenges: Is it all about Discussant: Dr. Joel Peters, Virginia Tech University,
the Economy? U.S.A
Chairman: Prof. David Newman, Dean, Faculty of
Humanities and Social Sciences, BGU 15:30-15:45 Coffee Break
Keynote Speaker: 15:45-17:00 Afghanistan, Iran and Iraq
Prof. Amy Verdun, Chair – Co Editor of the Journal of Speaker: Dr. Claire Spencer, Head, Middle East and North
Common Market studies, The Department of Political Africa Programme, Chatham House, UK
Science, University of Victoria, Canada
Speaker: Prof. Kurt Huebner, Director, The Institute for 17:00-17:15 Coffee Break
European Studies, University of British Columbia, Canada 17:15-19:15 A Paradigm Shift for Europe’s Arab
Discussant: Prof. Alfred Tovias, Chair, Department of Minority? – Effects of the Arab World’s Upheaval
International Relations, Hebrew University of Jerusalem, on Europe’s Arab Population
Israel
Introduction: Dr. Laurence Weinbaum, Executive
Director, Israel Council on Foreign Relations/Chief Editor
The Israel Journal of Foreign Affairs
10:00-11:30 The Middle East Conflict and
International Intervention Speakers:
Speaker: Dr. Shlomo Shpiro, Mr. Mohammed Ibrahim, German Development Agency
Department of Political Studies, Bar-Ilan University, Israel (Berlin) and active member of the Palestinian community in
Germany
Discussants: Prof. Michael Schulz, School of Global
Prof. Raphael Israeli, The Hebrew University of
Studies, Peace and Development Research, University of
Jerusalem and author of “The Islamic Challenge in Europe”
Gothenburg, Sweden
Mr. Bashar Azzeh, Entrepreneur and founding member of
Dr. Raffaella A. Del Sarto, Oxford Centre for Hebrew and "The March 15th Movement"
Jewish Studies/Middle East Centre, St. Antony's College, UK Mr. Don Macintyre, Jerusalem Correspondent, The
11:30-11:45 Coffee Break Independent, UK
11:45-13:15 Asia Rising Moderator: Mr. J. Samson Altman-Schevitz, Program
Coordinator, ICFR Israeli-European Young Diplomats Forum
Speakers: Prof. Martin Holland, Director, National Centre
for Research on Europe, University of Canterbury New
Zealand
Dr. Michael Bruter, Department of Government, London
School of Economics and Political Science, UK
Discussant: Prof. Elise Brezis, Director, The Azrieli Center
for Economics Policy, Bar Ilan University, Israel