Translation from English

Thursday, July 2, 2015

Turkey-Today's Zaman

Business
BİST marks worst first-half performance since 2011

BİST marks worst first-half performance since 2011

Turkey's main stock exchange, Borsa İstanbul (BİST), recorded its worst first-six-month »»
World
Militants attack Egypt army checkpoints in Sinai, kill 50

Militants attack Egypt army checkpoints in Sinai, kill 50

Militants on Wednesday unleashed a wave of simultaneous attacks, including suicide »»
Arts & Culture
Marcus Miller to take stage at İstanbul Jazz Festival

Marcus Miller to take stage at İstanbul Jazz Festival

The İstanbul Jazz Festival, which marks its 22nd edition featuring over 35 concerts »»
Expat Zone
Central European triad (2): Prague, the sequel

Central European triad (2): Prague, the sequel

Lütfü and I were in fair shape when we landed in Prague, although we had been up »»
Sports
Chelsea offered chance to sign Arda Turan from Atlético Madrid

Chelsea offered chance to sign Arda Turan from Atlético Madrid

Chelsea has been offered the chance to sign Arda Turan from Atlético Madrid in a »»
todayszaman oped

The proposed Greek referendum is a master move inspired by the ancients 
by ALPER ALİ RIZA*

July 01, 2015, Wednesday/ 16:08:13
There will now be a referendum in Greece on July 5 whether to accept the terms of the final bailout deal on offer from Greece's creditors. The government said the offer is humiliating and passed on to the Greek people the ultimate responsibility of deciding whether to accept or reject it and whether Greece will stay in the eurozone. Although very late, this is direct democracy as it was originally conceived by the ancients. In an article in Today's Zaman on

Why the Greek bailout failed 
by KENNETH ROGOFF*

July 01, 2015, Wednesday/ 15:12:19
As the Greek crisis painfully illustrates, a structural-adjustment program to enhance long-term debt sustainability can work only if the country takes ownership of it. The immediate sticking point for Greece is its unwillingness to make its pension system sustainable in a credible way -- but this is only the latest example of intransigence. In fact, lenders have long been giving Greece significantly more money than it has been asked to pay, though one might never k
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