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Greece tourism and travel

Eurozone Crisis: Greek Tourism Revenues to Shrink in 2012

Greek tourism revenues could drop by up to five percent in 2012 due to a fall in pre-bookings from Germany, industry officials said Wednesday, denting hopes the key sector will help pull the country out of the Eurozone financial crisis.
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European Recession 2012: How Would It Affect The US Economy?

If Europe is hit by a recession, bond investors might be led to assume that countries on the continent will have a harder time repaying debts, and that assumption could prompt them to sell off European debt, exacerbating the current crisis.
Satellite image shows the nuclear facility at Bushehr, Iran,

Israel Welcomes Iran-World Power Talks, But Believes Military Strike Only Alternative to Solve Issue

Israel was guarded in its approach to the resumption of talks with Iran by the world powers on Wednesday. The six world powers including the United States, France, Britain, China, Germany and Russia had expressed their willingness to continue talks with Iran over its nuclear program.Iran had offered to open up a key military base for international inspections, which the world powers suspect would be used for a its secret nuclear program.
787 Dreamliners are seen on the production line at the Boeing Commercial Airplane manufacturing facility in Everett

German Factory Orders Slumped Unexpectedly in January

German factory orders unexpectedly decline in January, mirroring a sharp drop in orders from outside the euro zone, flashing an early warning sign that Europe's largest economy could be heading back into recession.
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Adidas outlook disappoints in Olympic year

German sportswear group Adidas stuck to forecasts for a slowdown in sales growth in 2012, disappointing investors who had hoped for more in a banner year for sports events with the Olympics and European soccer championships.
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Porsche employees charged with credit fraud

German state prosecutors have charged three employees at Porsche with credit fraud, the latest fallout from a legal dispute alleging the sportscar maker illegally cornered the market in Volkswagen shares in 2008.
Iran

West Offers to Resume Iran Nuke Talks; UN Gets Site Access

Iran on Tuesday said it will give U.N. weapons inspectors access to a secret military complex where it's believed work on a nuclear weapon may be taking place, as Western countries offered to resume talks with Tehran over its nuclear program.

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