“Greece’s deep recession has forced almost a third of businesses in the capital’s commercial district to close down as shrinking incomes and frequent strikes drive Athenians away. Tens of thousands of small businesses, which make up a big chunk of the struggling economy, have shut since Greece secured a 110-billion-euro bailout package in 2010 in exchange for promises of painful austerity measures. On the capital’s cobbled pedestrian shopping streets, long lines of shops are boarded shut while others have ‘Everything must go’ signs plastered across their windows.”
http://www.zerohedge.com/news/2012-09-25/one-third-athens-business-shuttered
Related posts:
David Gregory Does Some Hard-Hitting News Coverage
Could Shapeshifting 'Material Support' Doctrine Take A Bite Out Of Apple?
Congratulations to Gay Americans Who Are Now Eligible for the Tax Code’s Marriage Penalty
War On Drugs Now Sees FDA Targeting Over-The-Counter Anti-Diarrheals
The U.S. Keeping the Eurozone in Line
New Yorker Foodies Pissing Off the Regulatory Bullies
Notice Sent To RBI Demanding Clarity On Bitcoin Law In India
Affordable Care Act Summary for Self-Employed, Unemployed, and Early Retirees
Why Did KKR Hire a Four Star General for a High Profile Private Equity Position?
Bitcoin developer Jeff Garzik on altcoins, ASICs and bitcoin usability
Obama delivers ‘full-throated defense’ of Larry Summers to House Democrats
New Mexico Police Shoot At Kids When Mother Flees Speeding Ticket
Microsoft alum promises to ‘mint millionaires’ with future U.S.-Mexico marijuana trade
Unwanted Exotics
Kraken partners with Fidor Bank to offer EU bitcoin trading services