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Greece’s Default Holds a Warning for United States

Greece’s Default Holds a Warning for United States

Greece’s default holds a warning for the United States. The warning is a country cannot become tilted where the number of non-working people grows so large that the smaller number of employed people cannot continue to support them. The Mediterranean country defaulted on its $1.7 billion debt payment to the IMF today. Banks are closed […]

The Black Athena Debate: Egypt, Not Greece, Spawned Western Civilization

The Black Athena Debate: Egypt, Not Greece, Spawned Western Civilization

Historiography is at its best when the historian interpreting data stays within the limits dictated by the range of knowledge he/she commands. No historian should be so credulous to believe that they can get away with positing a thesis, no matter how plausible, on unconventional evidence outside their field of knowledge. Therefore, it is fundamentally […]

Greece May Go Bankrupt Within a Matter of Weeks

Greece May Go Bankrupt Within a Matter of Weeks

Greece is experiencing a major financial crisis and it is one that is more serious than anything the country has faced in recent years.  Greece’s Prime Minister stated earlier in the week that the country is in a state of financial ruin and people are worried that Athens, which is the country’s capital, may soon […]

Alexis Tsipras Warns of Default in Letter to IMF

Alexis Tsipras Warns of Default in Letter to IMF

It has been released that prior to Greece’s May 13 International Monetary Fund (IMF) payment, Alexis Tsipras wrote a letter warning of the possibility of default. The recipient of the letter was IMF prime minister Christine Lagarde who shared the contents of the letter in a closed-door meeting Thursday. The message Tsipras was sending was […]

Earthquake With Magnitude of 4.3 Hits Greece

Earthquake With Magnitude of 4.3 Hits Greece

In Crete, Greece, an earthquake with a magnitude of 4.3 hit at exactly 8:15PM Eastern European time.  A local resident reported feeling a good amount of swaying back and forth from the second story floor of their home, which lasted for only about a few moments. Other locals made reports of very strong, vigorous shaking that would […]

IMF Projects Modest Growth in Greece From Washington

IMF Projects Modest Growth in Greece From Washington

Friday signaled the start of spring meetings for the International Monetary Fund (IMF) in Washington D.C. that’s primary focus will be Greece and its projections of modest growth. This comes after it was released last week that all of Europe, including Greece, saw significant increases in trade surplus this year in addition to the euro […]

Greece’s Financial Deal Ends in Protests

Greece’s Financial Deal Ends in Protests

Downtown Athens, Greece has been overcome by fighting between police and protesters after an initial anti-government demonstration, following last month’s election when the nation’s far-left-minded Syriza political party assumed power in parliament. Scores of protesters threw gas-laden fire bombs and other debris at law enforcement officers and set fire to parked cars as the march advanced through […]

Greece Agrees to Bailout Package, EURO Rebounds

Greece Agrees to Bailout Package, EURO Rebounds

The agreement to approve Greece’s bailout package has brought relief and helped the Euro zone rebound. The bailout package for Greece has been one of the most hotly discussed and argued topics within the European Union for the past few weeks. With Greece threatening to exit the Euro zone with the support of Russia and […]

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