Financial crisis

Three out of 10 companies founded during the years of the financial crisis (2009-18) did not survive it, according to a study by the Center of Planning and Economic Research.
The least affected were private capital companies, also called "one-euro companies" because they did not have a minimum capital requirement.

The clouds are thickening over the global and the European economy.

A confluence of events and conditions has created an environment of uncertainty and insecurity.

By Alexandros Kapsylis

Harvard Economics Professor and ex-IMF Chief Economist Kenneth Rogoff discusses the challenges posed by the Greek economic crisis, the errors made in addressing them, and ways in which the economy can be placed back on a growth path in an exclusive interview with To Vima on Sunday (24 February).

Greece may risk a new financial crisis if its banks do not succeed in ridding their balance sheets of their bad loans, news agency Bloomberg said in an article on Friday.

Bloomberg said "crippled banks remain one of the biggest hurdles" to Greece's economic recovery, noting those loans make up almost half of total lending.

One main reason that countries plunge into prolonged periods of decline is the absence of consensus. Greece has paid dearly for this. With a little consensus, we could have had private universities, we could have avoided bankruptcy and could have exited the bailouts much earlier.

We are at the 10th anniversary of the global financial crisis that laid ruin to the Greek economy. The overriding lesson of the global crisis is the persistently weak governance of the global financial system. I count six basic blunders that cost the world trillions of dollars in lost output and years of anguish.

Foreign investors might be facing the dilemma of whether or not to invest in Turkey, with the rising opportunity from high interest rates on the Turkish Lira and very low stock prices of the BIST 100 Index's valuation of the United States dollar, as well as the decreasing value of real estate.

Turkey is facing a speculative attack rather than an economic crisis, the CEO of a major private lender said on Aug. 14.

MarketWatch - As worries about Italy and Spain's governance whack European markets on Tuesday, George Soros is adding to the downbeat mood.

The 87-year-old Hungarian-American, known as the investor who broke the Bank of England, has offered the following bleak assessment in a speech in Paris to the European Council on Foreign Relations

According to a research of the German IMC Institute, the possibilities to begin a global financial crisis very soon has sharply increased and is now 32.4 percent.

IMK warns that there will be a major change in central bank policy, which could lead to a severe deterioration of the European economy and even to a new recession.