Thursday, 08 September 2011 09:28 'The Greek government made the first big step regarding decriminalization of drug use. Justice Minister Miltiadis Papaioannou presented to the Greek Parliament the basic ideas of a new law concerning drugs. He announced that, for the first time, drug use will be fully decriminalized in Greece, on the condition that the drugs used harm only the behavior and the condition of the user.' Thursday, 08 September 2011 09:02 'Greece or Portugal would lose up to 50% of their national income if they quit the euro, according to research by analysts at Swiss investment bank UBS. A eurozone country with a more robust economy, such as France or the Netherlands, would see 20% to 25% of national income disappear if they went back to operating their own currency. For Greece the loss would be $165bn (£100bn) from its $330bn annual gross domestic product, while France would suffer a loss of $660bn from its $2.65 trillion annual GDP. The stark warning to eurozone members that a breakup of the euro currency club will cost them dear follows several speeches by policymakers and economists that the status quo is untenable.' Thursday, 08 September 2011 08:49
Thursday, 8 September 2011
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