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Greece is the country that’s been hit the hardest by the debt crisis that has brought a lot of unrest in Europe, threatening even the existence of the Eurozone itself. For the past three years, successive governments have imposed heavy taxes and pay cuts to reduce the country’s debt, an effort that has yielded questionable results.
- New Ford Focus St Hits It Off With A Vw Scirocco R On A Hill Climb
The conversation in this video may sound Greek to you, but that’s only because…it is Greek. Apart from an exorbitant debt, which may or may not kick started the Eurozone crisis that's knocking even on Germany's door, the Mediterranean...
- That’s Rich: Piraeus Claims To Have Priority Over Patras In Hosting Greek Formula 1 Race…
News of the Greek government allocating nearly €30 million, pending Parliament ratification, to build a track that will comply with Formula 1 standards were quite a surprise, given the country’s current financial state. If the Greek Parliament...
- Report: Will The Italian Debt Crisis Force Fiat Out Of The Country?
The Fiat Group used to enjoy a strong presence in Europe, and especially in its home market of Italy, where it has traditionally been very strong. But that’s not the case anymore. The debt crisis that is threatening Europe and especially the northern...
- Greece Turns To Iran For Oil As Fears Of Default Make Western Suppliers Unwilling To Trade
Greece has been making the world headlines for quite some time now – and for all the wrong reasons. After years of excessive borrowing, its economy eventually went down and the country's government was forced to turn to the European Union...
- Mazda Donates Bt-50 Fire-unit Pickups To Greece
Mazda Europe has announced it will donate 35 Mazda BT-50 pickups outfitted as Quick-Response Fire to the Greek Ministry of Interior and Relief Agency for deployment in the communities that were devastated by massive fires this past summer. The 2007 Greek...
Cars
Debt-Stricken Greece Wants to Build a Formula 1 Racing Track in the Peloponnese
Greece is the country that’s been hit the hardest by the debt crisis that has brought a lot of unrest in Europe, threatening even the existence of the Eurozone itself. For the past three years, successive governments have imposed heavy taxes and pay cuts to reduce the country’s debt, an effort that has yielded questionable results.
Yet it looks like a long dream of Greek car and motorsport fans may come true, even amidst the crisis. The Ministry of Development and Transportation has given the green light to begin construction of a Formula 1 track; all it remains for the works to begin is the ratifying of the project by the Greek Parliament.
Read more »- New Ford Focus St Hits It Off With A Vw Scirocco R On A Hill Climb
The conversation in this video may sound Greek to you, but that’s only because…it is Greek. Apart from an exorbitant debt, which may or may not kick started the Eurozone crisis that's knocking even on Germany's door, the Mediterranean...
- That’s Rich: Piraeus Claims To Have Priority Over Patras In Hosting Greek Formula 1 Race…
News of the Greek government allocating nearly €30 million, pending Parliament ratification, to build a track that will comply with Formula 1 standards were quite a surprise, given the country’s current financial state. If the Greek Parliament...
- Report: Will The Italian Debt Crisis Force Fiat Out Of The Country?
The Fiat Group used to enjoy a strong presence in Europe, and especially in its home market of Italy, where it has traditionally been very strong. But that’s not the case anymore. The debt crisis that is threatening Europe and especially the northern...
- Greece Turns To Iran For Oil As Fears Of Default Make Western Suppliers Unwilling To Trade
Greece has been making the world headlines for quite some time now – and for all the wrong reasons. After years of excessive borrowing, its economy eventually went down and the country's government was forced to turn to the European Union...
- Mazda Donates Bt-50 Fire-unit Pickups To Greece
Mazda Europe has announced it will donate 35 Mazda BT-50 pickups outfitted as Quick-Response Fire to the Greek Ministry of Interior and Relief Agency for deployment in the communities that were devastated by massive fires this past summer. The 2007 Greek...