by Δρ Φώτης Φυτσιλής | Oct 30, 2012 | Articles in English
The Euro is the most powerful European symbol. Its failure would shake the faith of Europeans in the basic idea that lies behind the European Union. If the Eurozone breaks apart, the project of the European Union, which took decades of political efforts and sacrifices...
by Δρ Φώτης Φυτσιλής | Oct 24, 2012 | Articles in English
Linking entrepreneurship with research and innovation is a challenge for every developed or developing economy. In the European Union this was expressed with the Lisbon Treaty, which originally aimed to make Europe the most competitive economy in the world....
by Δρ Φώτης Φυτσιλής | Oct 17, 2012 | Articles in English
The recent developments in Europe regarding the future of the Eurozone are not reassuring. Both the turbulence in the Franco-German axis and the open conflict between Great Britain and Germany, have a negative effect at the cohesion of the European Union. At the same...
by Δρ Φώτης Φυτσιλής | Oct 15, 2012 | Articles in English
Against the recession there is a simple recipe: growth. Everyone is talking about it. But only a few bother telling us how it can be achieved. Here we will try to describe in plain words the real condition of the Greek economy. Where we are and how we got here. An...
by Δρ Φώτης Φυτσιλής | Sep 14, 2012 | Articles in English
The ongoing global economic crisis is best understood when knowing our monetary history. In particular, the study of the creation of the United States (U.S.) dollar and its comparison with the other major monetary union, that of the euro area, reveal valuable...
by Δρ Φώτης Φυτσιλής | Sep 14, 2012 | Articles in English
All nations of the world have something in common. They have debts. The entire global debt exceeds the staggering amount of $ 40 trillion (1 trillion is 1000 billion). But to whom they owe? The answer can be simplified as follows: every single country is indebted to...
