Social historians will mourn the demise of the world’s oldest travel company, founded by a Baptist carpenter in northern England in 1841; their corporate counterparts will not. With more than 500 high street outlets, Thomas Cook demonstrated a stunning inability to adapt to changing travel habits. The rise of budget airlines and disruptors like Airbnb combined with the weak pound and the unusually hot summer of 2018 to kill off the company which had suffered a near-death experience in 2011.
Officials at the Deputy Ministry of Tourism are scrambling to ascertain the impact of the collapse of Thomas Cook on the Cypriot hotel industry.
I feel that the success of the New Democracy administration will largely depend on Premier Kyriakos Mitsotakis’ ability to strike a balance between the two camps...
Prime Minister Kyriakos Mitsotakis is planning a series of trips abroad toward the end of this month and next, hoping to convince Greece’s creditors of the recently elected government’s commitment to reforms and to lay the groundwork for reducing demanding primary surplus targets agreed under the country’s post-bailout agreement....
The Greek parliament approved an across-the-board reduction of a deeply unpopular property tax on Tuesday, fulfilling an election pledge of new prime minister Kyriakos Mitsotakis....
Greece can really take off. The economy has already reached its lowest point and is now poised for a spectacular rebound. The country’s human capital is unlimited in all sectors and for the first time in a long time we have a government that understands the notion of entrepreneurship and wants to move dynamically in the field of investments.
The government that has just taken power in Greece is different to what we are accustomed to and close to what a big chunk of the population is eager to see. The center-right administration appears well-prepared. The comparison is not only being made with SYRIZA, which was completely unprepared when it took over at a crucial period in 2015, but also with other supposedly experienced administrations before them. That said, in politics plans can be undone by unforeseen events.
The coming weeks will naturally see an emphasis on New Democracy’s proposals on all the major issues, from the economy and security, to education and health. At the same time the new prime minister will have to strike a balance between the rival forces within his party’s ranks, combining the new with the old.
Discussion on Greece was brief at Monday’s Eurogroup, but the council of eurozone finance minsters sent a clear message to Athens that creditors are ready to cooperate with the new government while warning that the handouts announced in May by the previous administration are putting growth and fiscal targets at risk...
Conservative politician Kyriakos Mitsotakis was sworn in as Greece’s new prime minister on Monday after storming to victory on a pledge to create jobs and lure investment to the economically stricken nation...
With the re-election of Nicos Anastasiades, many were puzzled with Harris Georgiades’ decision to insist that he not be reappointed finance minister. Having a clear path ahead of him and a brewing storm miles away, shouldn’t he be entitled to leaving while things were still good?...
How will the hatred that has spread around us in the years of the crisis be erased? The Greek people have been deeply divided. You have the supporters of the bailouts versus the critics, the haves versus the have-nots, the patriots versus the traitors and so on. ...
Greece's bailout creditors say the country has fallen behind on several key reforms that have been set as a condition for debt relief....
Germany and the Netherlands have benefited enormously from the euro over the 20 years since its launch, a study has found, while for almost every other member the single currency has been a serious drag on economic growth....
European officials are urging the Greek government to focus on maintaining financial and political stability even as political parties ratchet up their rhetoric ahead of general elections next year....