THE word tolerance comes from the Latin “tolerare”: to bear. In modern dictionaries, it is defined as, among other things, the “freedom from bigotry or prejudice”.
ONE OF THE basic conditions for the financing of Greece by the International Monetary Fund (IMF), as we have already analysed in the Athens News, was nominal wage and benefit cuts in order to reduce costs and improve price competitiveness.
THE REPORTS in the Turkish press that Ankara might lift its threat of war against Athens over the extent of Greece’s territorial waters garnered broad coverage in the Greek press - and premature jubilation.
THE GREEK recession is milder than initially expected and the economy will shrink by less than the forecast 4 percent this year, the finance minister said on August 25, although a separate survey showed many businesses are struggling to stay afloat.
EUROPEAN Economic and Monetary Affairs Commissioner Olli Rehn on August 24 launched his strongest public rebuttal yet against those who cast doubts over Greece’s ability to service its debt obligations after completion of a three-year, 110 billion euro aid plan under supervision of the EU-IMF-ECB troika.
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