Greece – Actuarial News

Link: https://www.wsj.com/articles/bidenomics-takes-root-in-europes-economically-fragile-south-11620039617

Excerpt:

Since the 1990s, Italian leaders have tried to overhaul the sclerotic economy while also running tight budgets. Mr. Draghi is the first in decades who can deploy massive fiscal firepower to help.
Italy’s economy has rarely grown by more than 1% annually over the past quarter-century. The economy has never fully recovered from the global financial crisis and subsequent eurozone crisis, and slumped by another 9% in 2020 amid the pandemic and strict lockdowns.
Germany, France and other EU countries backed the recovery fund mainly for fear that Italy and Southern Europe could get stuck in another deep economic slump that once again tests the cohesion and survival of the eurozone.
….
Most of Greece’s debt is in bailout loans from the rest of the eurozone, with no repayments due for many years, making another Greek debt crisis unlikely for a long time.

Author(s): Giovanni Legorano

Publication Date: 3 May 2021

Publication Site: Wall Street Journal

Link: https://theconversation.com/an-ancient-greek-approach-to-risk-and-the-lessons-it-can-offer-the-modern-world-154139

Excerpt:

While the earliest generations lived life free of worries, according to Hesiod, life in the current iron generation is shaped by risk, which leads to pain and sorrow.
Throughout the poem, Hesiod develops an idea of risk and its management that was common in ancient Greece: People can and should take steps to prepare for risk, but it is ultimately inescapable.
As Hesiod says, “summer won’t last forever, build granaries,” but for people of the current generation, “there is neither a stop to toil and sorrow by day, nor to death by night.”

Author(s): Joshua P. Nudell

Publication Date: 22 February 2021

Publication Site: The Conversation

Tag: Greece

Bidenomics Takes Root in Europe’s Economically Fragile South

An Ancient Greek Approach to Risk and the Lessons It Can Offer the Modern World