
XpatAthens
Greece Needs Debts Cancelled And Growth
As economists, we note that the historical evidence demonstrates the futility and dangers of imposing unsustainable debt and repayment conditions on debtor countries; the negative impact of austerity policies on weakening economies; and the particularly severe effects that flow on to the poorest households.
We therefore urge the troika (EU, European Centra Bank and IMF) to negotiate in good faith with the Greek government so that there is a cancellation of a large part of the debt and new terms of payment which support the rebuilding of a sustainable economy. This settlement should mark the beginning of a new EU-wide policy framework favouring pro-growth rather than deflationary policies (Report, 14 January).
We urge the Greek government to abandon the austerity programme that is crushing economic activity and adopt a more expansive fiscal policy setting, targeting immediate relief from poverty and stimulating further domestic demand; to launch a fully independent investigation into the historic and systemic failure of the Greek public financial management processes (including any evidence of corruption) that led to the accumulation of debt, the disguising of the size and nature of the debt and the inefficient/ineffective use of public funds; and to consider the establishment of a judicial body or alternative mechanism that is independent of government and charged with a future responsibility of investigating corruption from the highest to lowest levels of government.
To read more, please visit theguardian.com
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Flexible Workspaces Add $254 BN To Local Economies
Mark Dixon, the CEO of International Workplace Group (IWG), believes this growth in out-of-town workspace is partly down to support for a flexible working policy among employees: “When people commute into major cities, their wallets commute with them,” he says. “Working locally keeps that spending power closer to home. What this study shows is that providing more opportunities for people to work closer to home can have a tremendous effect, not just on them, but on their local area too.”
The first major socioeconomic study of its kind, it found that the presence of flexspace created up to 128 new jobs and a Gross Value Add (GVA) – or sandwich economy – of $16.47m (£12.7m) per area.
As the trend for a flexible-working policy continues to spread, the numbers are getting bigger too: from the roles created by running the building itself, to the ancillary jobs that spring up to serve the new business community. Amongst these many economic benefits, flexible office space is predicted to add a staggering $254bn of value to local economies around the globe over the next 10 years – roughly the same as the entire economy of the Czech Republic in 2019. It’s perhaps another indication that growth is still an important part of an economy – but it’s shifting location, and it’s doing so with the potential to be more evenly distributed.
Dig deeper: read the full Regus report here.
Originally published at Regus.com
XpatAthens Announces Media Sponsorship For "Olympic Day Run GREECE"
The biggest anniversary for the Olympic celebration in Greece will unite, for another year, the footsteps of people of all ages, in the ultimate Olympic experience.
Olympic Day Run GREECE is the only Olympic Road Running Race in Greece and constitutes the official global institution for the celebration of the International Olympic Day, established by the International Olympic Committee, the organizing authority of the Olympic Games, with the aim of spreading the message of the Olympic idea.
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