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International Financial Commission
The International Financial Commission (french: Commission Internationale Financière de la Grèce) was a six-person commission established in 1898 to enforce repayment of sovereign debt by the Kingdom of Greece to its creditors. It is often referred to in Greece as the instrument of International Financial Control ( el, Διεθνής Οικονομικός Έλεγχος), an expression that refers generally to the foreign supervision of the country's public finances. Background and precedent international practice Between 1857 and 1859, the UK, France and Russia created the International Financial Commission of Inquiry, a commission whose goal was reporting Greece's capability of repaying the debt of 1833. This commission, by the intervention of Russia, did not have the role of controlling the economy and ensuring payments; it was restricted to an advisory role. The result from the work of this commission was the payment of an instalment amounting to 900,000 French fran ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Debt
A country's gross government debt (also called public debt, or sovereign debt) is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occurs when a government's expenditures exceed revenues. Government debt may be owed to domestic residents, as well as to foreign residents. If owed to foreign residents, that quantity is included in the country's external debt. In 2020, the value of government debt worldwide was $87.4 US trillion, or 99% measured as a share of gross domestic product (GDP). Government debt accounted for almost 40% of all debt (which includes corporate and household debt), the highest share since the 1960s. The rise in government debt since 2007 is largely attributable to the global financial crisis of 2007–2008, and the COVID-19 pandemic. The ability of government to issue debt has been central to state formation and to state building. Public deb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Empire
The German Empire (), Herbert Tuttle wrote in September 1881 that the term "Reich" does not literally connote an empire as has been commonly assumed by English-speaking people. The term literally denotes an empire – particularly a hereditary empire led by an emperor, although has been used in German to denote the Roman Empire because it had a weak hereditary tradition. In the case of the German Empire, the official name was , which is properly translated as "German Empire" because the official position of head of state in the constitution of the German Empire was officially a " presidency" of a confederation of German states led by the King of Prussia who would assume "the title of German Emperor" as referring to the German people, but was not emperor of Germany as in an emperor of a state. –The German Empire" ''Harper's New Monthly Magazine''. vol. 63, issue 376, pp. 591–603; here p. 593. also referred to as Imperial Germany, the Second Reich, as well as simply Germa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of Greece
The economic history of the Greek World spans several millennia and encompasses many modern-day nation states. Since the focal point of the center of the Greek World often changed it is necessary to enlarge upon all these areas as relevant to the time. The economic history of Greece refers to the economic history of the Greek nation state since 1829. Earliest Greek civilizations Cycladic civilization Cycladic civilization is the earliest trading center of goods. It was extensively distributed throughout the Aegean region. Minoan civilization The Minoan civilization emerged on Crete around the time the early Bronze Age, it had a wide range of economic interests and was something of a trade hub, exporting many items to mainland Greece as well as the Egyptian Empire of the period. The Minoans were also innovators, developing (or adopting) a system of lead weights to facilitate economic transactions. Despite this Minoan civilization remained, for the most part, an agriculturally d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eleftherotypia
''Eleftherotypia'' ( el, Ελευθεροτυπία, lit=freedom of the press) was a daily national newspaper published in Athens, Greece. Published since 21 July 1975, it was the first newspaper to appear after the fall of the Regime of the Colonels, and for most of its period had been one of the two most widely circulated newspapers in the country. Generally taking a center-left, socialist stance, it was highly respected for its independence and impartiality. Following the economic downturn in Greece, the newspaper had to file for bankruptcy in 2011. Briefly taken over by a new publisher, lawyer Harris Oikonomopoulos, it was finally shut down in November 2014. Profile From the beginning, ''Eleftherotypia'' had been an opposition voice against the governments of the conservative Nea Demokratia party. Editors often adopted a social-democratic stance on a number of issues, but more radical viewpoints are also frequently represented in the paper, to a notably greater extent th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rizospastis
''Rizospastis'' ( el, Ριζοσπάστης, "The Radical") is the official newspaper of the Communist Party of Greece. It has been published daily since its first issue in 1916. Liana Kanelli A liana is a long- stemmed, woody vine that is rooted in the soil at ground level and uses trees, as well as other means of vertical support, to climb up to the canopy in search of direct sunlight. The word ''liana'' does not refer to a ta ... is currently one of the senior editors of the newspaper. Motto "Organ of the Communist Party's Central Committee" and "Proletarians of all countries unite!" See also * Nikos Boyiopoulos References External links * Publications established in 1916 1916 establishments in Greece Greek-language newspapers Newspapers published in Athens Communist newspapers Communist Party of Greece Daily newspapers published in Greece {{Greece-newspaper-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sultanate Of Morocco
Morocco (),, ) officially the Kingdom of Morocco, is the westernmost country in the Maghreb region of North Africa. It overlooks the Mediterranean Sea to the north and the Atlantic Ocean to the west, and has land borders with Algeria to the east, and the disputed territory of Western Sahara to the south. Mauritania lies to the south of Western Sahara. Morocco also claims the Spanish exclaves of Ceuta, Melilla and Peñón de Vélez de la Gomera, and several small Spanish-controlled islands off its coast. It spans an area of or , with a population of roughly 37 million. Its official and predominant religion is Islam, and the official languages are Arabic and Berber; the Moroccan dialect of Arabic and French are also widely spoken. Moroccan identity and culture is a mix of Arab, Berber, and European cultures. Its capital is Rabat, while its largest city is Casablanca. In a region inhabited since the Paleolithic Era over 300,000 years ago, the first Moroccan st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moroccan Debt Administration
The Moroccan Debt Administration (french: administration de la dette marocaine), formally known as the ''Contrôle de la dette'' from 1904 to 1910 and after that as the ''Administration du Contrôle de la dette publique mahghzénienne'' (referring to the Moroccan monarchy as the Makhzen), was an entity set up by the French government in 1904 to administer the sovereign debt of the Moroccan Monarchy. History The Moroccan Debt Administration originated in 1904, as Morocco's sovereign debt, which had increased significantly following the Hispano-Moroccan War (1859–1860) and the First Melillan campaign of 1894, was restructured by the Banque de Paris et des Pays-Bas (BPPB) in coordination with the French government. as a consequence, France became the only creditor of the Moroccan government. The loan contract was signed on by Moroccan Foreign Minister Si Abdelkrim Ben Slimane, Moroccan Finance Minister Si Mohammed Tazi, and the BPPB's representative Georges Zangarussiano. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Khedivate Of Egypt
The Khedivate of Egypt ( or , ; ota, خدیویت مصر ') was an autonomous tributary state of the Ottoman Empire, established and ruled by the Muhammad Ali Dynasty following the defeat and expulsion of Napoleon Bonaparte's forces which brought an end to the short-lived French occupation of Lower Egypt. The Khedivate of Egypt had also expanded to control present-day Sudan, South Sudan, Eritrea, Djibouti, north western Somalia, north Eastern Ethiopia, Israel, Lebanon, Jordan, Syria, Greece, Cyprus, southern and central Turkey, in addition to parts from Libya, Chad, Central African Republic, and Democratic Republic of Congo, as well as northwestern Saudi Arabia, parts of Yemen and the Kingdom of Hejaz. The United Kingdom invaded and took control in 1882. In 1914 the Ottoman Empire connection was ended and Britain established a protectorate called the Sultanate of Egypt. History Rise of Muhammad Ali Upon the conquest of the Sultanate of Egypt by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Caisse De La Dette
The Caisse de la Dette Publique ("Public Debt Commission") was an international commission established by a decree issued by Khedive Ismail of Egypt on 2 May 1876 to supervise the payment by the Egyptian government of the loans to the European governments following the construction of the Suez Canal. It was initially led by a secretary and three commissioners representing the governments of Austria-Hungary, France and Italy; from 1877 the United Kingdom and from 1885 Russia and Germany. One of the Commissioners would serve as the President, or Chairman, of the Commission. "This system was under the control of two main countries, France and Britain. This system of 'dual control' represented Europeans direct intervention in Egypt's financial affairs." The Public Debt Commission was abolished by a bilateral agreement between the British and the Egyptian governments, signed on 17 July 1940,Text in ''League of Nations Treaty Series'', vol. 202, pp. 98-105. due to Allied interest in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic And Financial Organization Of The League Of Nations
The Economic and Financial Organization (EFO, french: Organisation économique et financière) was the largest of the technical arms of the League of Nations, and the world's first international organization dedicated to promoting economic and monetary co-operation. It took shape in the early 1920s and was in activity until the creation of the United Nations in 1945. It has been described as having had seminal influence on postwar economic institutions, notably the International Monetary Fund (IMF). Background The establishment of the EFO took place in the aftermath of unprecedented transnational cooperation initiatives among allied powers during World War I, which were also pioneering experiments in planned economy imposed by the circumstances. These included the Wheat Executive established in late 1916, and the Allied Maritime Transport Council established in late 1917. They had brought together enterprising civil servants such as Italy's Bernardo Attolico, France's Jean Monne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
League Of Nations
The League of Nations (french: link=no, Société des Nations ) was the first worldwide Intergovernmental organization, intergovernmental organisation whose principal mission was to maintain world peace. It was founded on 10 January 1920 by the Paris Peace Conference (1919–1920), Paris Peace Conference that ended the World War I, First World War. The main organization ceased operations on 20 April 1946 but many of its components were relocated into the new United Nations. The League's primary goals were stated in Covenant of the League of Nations, its Covenant. They included preventing wars through collective security and Arms control, disarmament and settling international disputes through negotiation and arbitration. Its other concerns included labour conditions, just treatment of native inhabitants, Human trafficking, human and Illegal drug trade, drug trafficking, the arms trade, global health, prisoners of war, and protection of minorities in Europe. The Covenant of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt Restructuring
Debt restructuring is a process that allows a private or public company or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts to improve or restore liquidity so that it can continue its operations. Replacement of old debt by new debt when not under financial distress is called " refinancing". Out-of-court restructurings, also known as s, are increasingly becoming a global reality. Motivation Debt restructuring involves a reduction of debt and an extension of payment terms and is usually less expensive than bankruptcy. The main costs associated with debt restructuring are the time and effort spent negotiating with bankers, creditors, vendors, and tax authorities. In the United States, small business bankruptcy filings cost at least $50,000 in legal and court fees, and filing costs in excess of $100,000 are common. By some measures, only 20% of firms survive Chapter 11 bankruptcy filings. Historically, debt re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
