Coalition government is the European norm

11/10/11 18:10

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The recent agreement between the two major Greek political parties to form a transitional coalition government that would lead the country to elections on February 19th, although it is considered a rare political event in Greek politics, on a European level, it is rather the rule than the exception, as evidenced by research on the type of party politics in the 27 member states of the European Union.

Moreover, according to data available for the statehood of the European countries from 1945 till today, only Spain, Greece and Britain seem to have no significant experience in this type of government, unlike the Netherlands, Luxembourg and Germany where it is the dominant model.

Thursday, 25 May 2017

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    Looking back at the past of human history, debt crises, defaults, financial "haircuts" and debt restructuring are cases proved as old as public borrowing. The first recorded debt default can be traced back to ancient Greece in 454 BC, when ten of the thirteen city-states of the Delian Alliance, borrowed large amounts of money from the common treasury at the temple of Delos, only to later announce failure to repay their debt and proclaimed the first official default in world history, while eight of them initiated negotiations for debt restructuring.

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    The river Listara was suddenly lost in a tectonic fault in Northeastern Colombia, the authorities of the town of San Andres stated yesterday.
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    See in the infographic for the income of the European countries from the privatization of their public property (either through the public offer of a percentage thereof or by using a strategic investor) in the period 1997-2009, in relation to their debt.

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