Digital Currencies a Silver Lining in the Dark Cloud of Greece's Economic Crisis
As the world watches nervously, Greece, under pressure from the European Central Bank, takes the serious step of imposing capital controls: Banks are closed, ATM withdrawals are limited and funds cannot be sent out of the country. Capital controls will be in place at least until July 7 after Sunday's citizens' referendum that will ask Greeks if they want....
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Anyone with a brain can see the principle of the European Union is not necessarily beneficial to most member states. It is evident the financial sector is still going through a lot of issues as we speak. The next economic crisis may come upon us a lot sooner than most people anticipate. In fact, it appears things will take another turn for the worse where Greece is concerned. Moreover, the country violated the terms of the EU bailout with some of their recent developments. Introducing economic changes in a country suffering a significant crisis is never easy. For Greece, that situation has....
The results of Sunday's elections in Greece brought the left wing party Syriza a breath away from an absolute majority. The party was 2 seats away from getting the 151 required in order to form a government of its own. The government was formed in cooperation with the party Independent Greeks that won 13 seats in the parliament. Besides all that, what does a left wing government really mean for bitcoin in Greece? What things are like in Greece. It's quite well known that Greece is in an economic crisis. Not many things have changed from the time Greece became insolvent back in 2010. The....
Amidst the growing debt crisis of Greece, Eurozone finance ministers have rejected a request made by Greece in order to extend the bailout program beyond June 30th. A statement by the Eurogroup said that Greece ceased negotiations over a new deal “unilaterally.” Greece is to pay €1.6bn to the IMF on Tuesday, without additional funding, there are fears that Greece may leave the Euro and face economic collapse. Greek Finance Minister Yanis Varoufakis stated that Greece is still trying to secure a bailout deal that could be put to a referendum, stating: “In these crucial moments, the Greek....
It's back to the the New Normal following last week's global market black swan, with the only remaining vestages of that glitch in the matrix being elevated levels of investor fear. OPEC expresses concern about the state of its oily cash cow and the Reserve Bank of Australia discovers that the dark cloud of deterioration in China has a silver lining. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates. Commodities. In the Calendar This Week. Mon 31 August. New Zealand ANZ Business Confidence (actual:....
The Hellenic Bitcoin Community (HBC) is hosting its first Blockchain Hackathon in Athens, Greece on October 17, 2015. The Chainthon — as it’s called — will be hosted at Orange Grove (Leoforos Vasileos Konstantinou 5), offering a fun-filled coding experience and discussions for everyone involved. The theme of the event is called “We Hack Crisis,” derived from the economic crisis happening in the region. The HBC members said: “The event is aims to increase awareness locally and tackling the more prevalent issue of value transfer in situations of socioeconomic crises. We will try to hack....