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Finance Others

The Historic Downfall of an Economy: The Greek Debt-Crisis

The Beginning  On January 1, 1981, Greece had joined the European Union with a debt-to-GDP ratio of 28% and a budget deficit of 3%, in other words as a somewhat perfect economy.  At this point, there were two main political parties, the NDP and the PASOK, both of which were founded in the year 1974. […]

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International

Our unpredictable and complex world: Can we understand it better?

-Yogendra Kumar   Global uncertainties are growing. There is a sense of crisis, practically, everywhere and the pace and direction of events is becoming increasingly unpredictable. Many of these developments affect adversely the functioning of global, multilateral or regional institutions. Many of these trends are occurring in India’s close proximity and are a matter of […]