Mr. Philip Chrysopoulos
The Greek Reporter (www.greekreporter.com)
The success stories of Greek entrepreneurs who defied the economic crisis and prospered is the subject of a recent feature article in The Washington Times.
Penny Vomva is a fashion designer who took the risk to open a store and sell her creations in prestigious Voukourestiou street in downtown Athens. Now RIEN, her storefront, sits next to Dior and Prada. Her handmade leather handbags sell for 180 to 450 euros, rather steep for the crisis-stricken Greek market, but Vomva says business is good and it would have been better if it wasn’t for the crisis.
Professor Paul De Grauwe is the John Paulson Chair in European Political Economy at the LSE’s European Institute. Prior to joining LSE, he was Professor of International Economics at the University of Leuven, Belgium. He was a member of the Belgian parliament from 1991 to 2003.
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This article has been posted in the Social Europe Journal:
The Greek debt crisis that erupted in 2010 is back and again threatens the stability of the Eurozone. That crisis was the result of two factors. First, an unbridled spending drift of both the private and the public sectors in Greece during the boom years of 2000-2010, which led to unsustainable levels of debt. Second, reckless lending to Greece by Northern Eurozone banks. At no time the Northern bankers asked themselves the question of whether the Greeks would repay the loans.
The European Union chose to resolve the debt crisis by punishing the Greeks and by saving the Northern banks. A punitive austerity program was imposed on Greece, whose effects are now visible everywhere in this country. A decline in GDP of close to 25% since 2010, a rise in unemployment to a level we have not seen since the nineteen thirties, and impoverishment of large parts of the Greek population.
Mr. Martin Zwilling is the founder and CEO of Startup Professionals, Inc., a company that provides products and services to startup founders and small business owners. The author of Do You Have What It Takes to Be an Entrepreneur? and Attracting an Angel, he writes a daily blog for entrepreneurs and dispenses advice on the subject of startups.
This article has also been posted in the Entrepreneur.com
People who have been followers too long as an employee don’t realize how hard it is to be a leader. Every new entrepreneur has to initiate the right actions to be perceived as a leader in their chosen business domain by their team and by their customers, or the road to success and satisfaction will be lost along the way.
Driving these actions are some basic principles that entrepreneurial leaders, such as Zappos CEO Tony Hsieh and Evernote CEO Phil Libin, seem to have learned early. These have helped them build trust and confidence among team members, and effectively sell their message to partners, investors, vendors and customers.