Synopsis of International Events of 2011

The Force of Nature and the Tragedies On March 11, 2011 one of the strongest earthquakes of the last century happened in Japan. The nation was ravaged by a brutal 9 magnitude (on the Richter scale) earthquake, followed by a tsunami with waves of 10 meters high and th...

Papandreou Resigns as Greece Prime Minister

The Greek Prime Minister Yorgos Papandreou will present his resignation today, however first he addressed the nation to talk about his achievements of the past two years. Afterwards Papandreou will go to the presidential mansion to tender his resignation to President Karolos...

Greece Calls Another Referendum

The uncertainty in the Greek markets returned due to the loose ends of the agreements treated last week in Brussels. The lack of clear objectives regarding how the European Fund of Stability will increase and the doubts about the removal of the Greek debt by a 50% made that the...

Greek Parliament Approves Austerity Plan

Today the Greek parliament approved the austerity plan demanded by the European Union and the IMF that seeks alternative help methods. The Prime Minister Yorgos Papandreou obtained the 151 votes that needed the approval for a savings plan of 28,000 millions of euro in a period...