March 13, 2014

Regulation on Yogurt Is Blocking Greek Recovery

Peter Gumbel, Reuters

The Associated Press

The news that Greek-style yogurt maker Chobani is looking to sell a minority stake that would value the company at around $2.5 billion should in theory be a big boost for Greece’s beleaguered dairy industry. But instead, the main beneficiary will be Chobani’s Turkish founder, who operates the company in upstate New York, and who has proved to be innovative in a way that Greek dairy farmers are not. In fact, they are so stuck in their traditional ways that it’s actually illegal in Greece to call low-fat yogurt “yogurt.” Any variant that contains additives of any sort must be labeled “dessert of yogurt,” which is akin to waving a warning flag at consumers.

Read Full Article ››

TAGGED: Chobani, Eurozone, Europe, Greece


March 7, 2014
What Really Went Wrong in Greece?
Daniel Gros, Project Syndicate
What went wrong in Greece was not the fiscal adjustment. On the contrary, austerity was perhaps too successful (and painful). But it was the wrong target. more ››
There must be times when David Cameron envies Nigel Farage. The simplicity of the Ukip leader’s message obviates any need for subtlety or nuance. His position is easy to articulate: he wants Britain to leave the EU –... more ››
March 2, 2014
Crimea Crisis Could Lead to Second Cold War
Dmitri Trenin, Observer
This is perhaps the most dangerous point in Europe's history since the end of the cold war. Direct confrontation between Russian and Ukrainian forces will draw in the United States, one way or another. While there is still time,... more ››
March 2, 2014
Why Switzerland Closed Its Doors
Matthew Stevenson, New Geography
Many Swiss feel that if the country were an EU member, their communes (really villages) would become hostage to German edicts or French heavy-handedness, not to mention bureaucrats in Brussels. more ››
March 13, 2014
Crimea: The Revenge of Geography?
Robert Kaplan, Stratfor
It isn't that geography and geopolitics supersede everything else, including Western values and human agency. Not at all! Rather, it is that geography in particular is the starting point for understanding everything else. Only by... more ››