ThyssenKrupp AG engages in the production of steel. It operates through the following business areas: Components Technology, Elevator Technology, Industrial Solutions, Materials Services, Steel Europe, and Steel Americas. The Components Technology business area offers components for the automotive, construction, and engineering sectors. The Elevator Technology business area constructs and modernizes elevators, escalators, moving walks, stair and platform lifts, and passenger boarding bridges. The Industrial Solutions business area is an international supplier in special and large-scale plant construction as well as naval shipbuilding. The Materials Services business area distributes materials and provides complex technical services for the production and manufacturing sectors. The Steel Europe business area involves in the flat carbon steel activities. The Steel Americas business area produces, processes, and markets steel products in North and South America. The company was founded on March 17, 1999 and is headquartered in Essen, Germany.
Political circles in Greece are abuzz with talks about the possibility of another snap election in the country in 2017, after Prime Minister Alexis Tsipras failed to reach a breakthrough with international lenders this month. Tsipras won the elections in September 2015, riding on his anti-austerity, populist manifesto; his popularity has waned steadily since then as his government failed to address austerity-related issues. Although Tsipras’s term ends in 2019, a snap election next year will not be surprising as, on average, the lifespan of any government in Greece has not been more than two years since 2009, when the country’s crisis unfolded.