The London 2012 Paralympics is about to get underway, and we’re still on a comedown from the 2012 London Olympics. But eight years ago, Greece spent €13 billion to stage the 2004 Summer Olympics in Athens. This is what some of the venues look like now.
While no official statements have been made by anyone, an external analysis is showing the first signs of Greece leaving the Eurozone. For those of us in SA, where the markets are highly reactive to what’s happening in Europe, could this bring the relief and stability that we’ve been waiting for?
If you’re looking for a job, don’t even think seeking your fortune in Europe. Unemployment rates across the Eurozone – the countries which use the euro – continue to climb and in February were at their highest level since the introduction of the single currency in 1999. Spain has been worst hit, with the unemployment rate amongst its under-25 population rising to an alarming 50.5% in February.
On 9 December 2011, British Prime Minister, David Cameron emerged from 10 hours of negotiations with European Union leaders, announcing his decision to reject new European Rules on behalf of Britain. It is a move that has set Britain up for a season of icy relations with its continental cousins that may last much longer than this year’s winter.