Weak domestic demand is holding back Greek recovery

Significance Evidence of Greece’s economic recovery, which started in 2017, is to facilitate its exit from the bailout programme on August 20, while the speed of the rebound should largely determine future Greek borrowing costs in international markets. The European Commission’s recent downward revision of its 2018 economic forecast for Greece comes at an inopportune time as the country strives to generate positive economic news; it draws attention to the economy’s persistent structural weaknesses that lenders may have underestimated. Impacts Conditional debt relief measures, if agreed, will offer little incentives to future investors, as economic recovery remains fragile. That would in effect limit the circle of investors to those who are closely familiar with the Greek economy. IMF participation in Greek government funding would send a positive signal to the market regarding debt sustainability. A financial cushion accumulated by the Greek state is to support new debt issuances over the next two years. Rising income inequality increases political vulnerability to sudden external shocks, such as difficulty in borrowing in open markets.

Low resolution STEM imaging

IntroductionIn recent papers (Fraser and Jones 1975, Fraser, Jones and Loretto 1977) it has been shown that STEM does not offer an increase in penetration of metallurgical specimens over that available in CTEM. It was argued that two factors, lack of intensity and a top/bottom effect, limit penetration in both CTEM and STEM and the relative importance of these factors is expected to differ for different experimental requirements. The present paper examines an experiment with requirements such that the intensity limit in STEM may be overcome by using a large probe of about 40nm diameter.ExperimentalSpecimens of a complex copper alloy (Long 1977) containing particles of Cr (∼10nm in diameter) and particles of SiO2 (∼0.5 μm in diameter) have been examined at 100kV in STEM and CTEM using a Philips EM40O fitted with a conventional tungsten hairpin filament. In addition micrographs have also been obtained at 1MV in an AEI EM7. The contrast mechanism was of structure factor type.