Drachma reintroduction ‘would mean social explosion’


A renowned economist has warned from reintroducing the drachma in Greece. Greek economic expert Miranda Xafa said such a step would cause “economic chaos and a social explosion”. She told profil that no one could guarantee the stability of the currency. Xafa added: “No Greek exporter, hotelier or restaurant owner would change their Euros for […]

Vienna among most liveable cities in the world

General News

Vienna has been found one of the most liveable cities in the world. The Austrian capital came second in the Economist Intelligence Unit’s (EIU) latest check on around 140 cities in the world. Melbourne in Australia topped the list. Three Canadian cities – Vancouver, Toronto and Calgary – took the places behind Vienna. The top […]

IHS to name new head in September


Officials at the Institute for Advanced Studies (IHS) said today (Fri) that they were aiming to appoint a successor of current chief Bernhard Felderer this autumn.The think tank revealed that 14 economists and business experts have applied for the post. The deadline for applications was last Tuesday.”A company-internal committee will meet to discuss the applications […]