What does the journalistic network Redaktionsnetzwerk Deutschland write about Elliniko.
THE Hellas designs the largest casino complex in Europe, giving a note from Β Las Vegas to Athens, comments the German journalist, Gerd Heller, in the journalistic network Redaktionsnetzwerk Deutschland. As he states “The idea and dimensions of the project are reminiscent of the large casino, entertainment and conference halls in Las Vegas. The investment is also comparable from an economic point of view: The cost of the project is estimated at 1.1 billion euros “.
In fact, closing the post, he adds that the casino It is not only intended to attract foreign touristsas well as the Greeks themselves are among the “highly enthusiastic gamblers worldwide”, as in 2021 they spent 22.5 billion euros on gambling, twice as much as in 2018. Compared to economic efficiency, gambling revenues in Greece it is two and a half times higher than in Germany or Austria “.
The “economic fate” of Greece and Southern Italy
“Fear of the euro crisis has returned with interest rates,” the financial newspaper Handelsblatt wrote in an extensive article on the future of monetary union in the wake of the Brussels Summit. “The yields on ten-year government bonds in southern Europe are rising sharply,” he said.
Commenting on the differences between the Eurozone countries, he recalled that “The euro area is a monetary union and not a fiscal union. This is the main reason why there is no really strong fiscal institution that can, if necessary, ensure a balance between countries with different economic strengths “- something which, according to the newspaper, has been described as a” genetic defect “of the Eurozone. “In an ideal world, all euro states would have similar fiscal discipline and would be equally strong economically. In reality, however, European regions are more different than, for example, the German L .nder. At the same time, it is not clear to what extent the weakest regions have the power to change their economic destiny. They are usually located far from the financial centers of Europe, such as Greece or southern Italy. Moreover, for centuries, a destructive relationship between citizens and authorities has prevailed in them. Therefore, it is very much to ask these areas to step up their efforts. In practice, such an economic miracle has not been achieved even by the tiny state of Bremen in Germany “.
DW / Chryssa Vachtsevanou
Check out the news feed and stay up to date with the latest news.
I have worked in the news industry for over 10 years. I have a vast amount of experience in covering health news. I am also an author at News Bulletin 247. I am highly experienced and knowledgeable in this field. I am a hard worker and always deliver quality work. I am a reliable source of information and always provide accurate information.
