Cars
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 and the International Monetary Fund for help.
- Renault-nissan Ceo Says Worst Has Passed For European Car Market
The European car market is not what it used to be as it has been severely affected by the global credit crisis, a phenomenon that has caused grief in many parts of the world, bringing each country’s own economy to its knees. Greece was (and still...
- Only 1 New Ferrari Sold In Greece In 2012, Compared To 21 In 2007
That the economy of Greece is in shambles, is no secret, nor is the fact it will take years, if not decades, for the country to stand up on its feet again. Even the rich seem to be affected from the cash flow crunch, as according to a Reuters report,...
- Euro Debt Crisis Reaches Vw's Front Door, Cuts 2012 W. European Sales Target By 140,000 Vehicles
It was bound to happen sooner rather than later. The European sovereign debt crisis that started in Greece and spread to other countries including Cyprus, Portugal, Ireland and Spain, is beginning to have a deeper effect on companies like Volkswagen....
- 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...
- 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
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 and the International Monetary Fund for help.
Help was indeed provided, but at a price: severe cuts were required and the Greek government, despite initial promises, stalled for a long period.
This caused fears of a Greek default that could spread to other European countries with vulnerable economies such as Italy and Spain, threatening the euro and even the stability of the European Union itself.
Consequently, many suppliers have practically stopped dealing with Greece. “Companies like us cannot deal with them. There is too much risk. Maybe independent traders are more geared up for thatâ€, an unnamed trader with a major international oil company told Reuters.
- Renault-nissan Ceo Says Worst Has Passed For European Car Market
The European car market is not what it used to be as it has been severely affected by the global credit crisis, a phenomenon that has caused grief in many parts of the world, bringing each country’s own economy to its knees. Greece was (and still...
- Only 1 New Ferrari Sold In Greece In 2012, Compared To 21 In 2007
That the economy of Greece is in shambles, is no secret, nor is the fact it will take years, if not decades, for the country to stand up on its feet again. Even the rich seem to be affected from the cash flow crunch, as according to a Reuters report,...
- Euro Debt Crisis Reaches Vw's Front Door, Cuts 2012 W. European Sales Target By 140,000 Vehicles
It was bound to happen sooner rather than later. The European sovereign debt crisis that started in Greece and spread to other countries including Cyprus, Portugal, Ireland and Spain, is beginning to have a deeper effect on companies like Volkswagen....
- 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...
- 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...