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Daily Archives: November 22, 2010

Turkish PM Erdogan: No Agreement on 12 miles dispute with Greece

Turkish Prime Minister Recep Tayyip Erdogan denied Greek media reports that Turkey had agreed to allow Greece to expand its territorial waters in the Aegean Sea. According to Turkish Hurriyet newspaper, Prime Minister Erdogan said Monday:  “There is nothing like an agreement that has been reached on the 12 miles …

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Austerity Measures for Piraeus Bank Employees

The ambitious Greek bank, that offered  € 701 million in cash to buy two state run money lenders last summer, proceeds to a radical  changes of  its course. Piraeus Bank sends a percentage of its employees in Greece and abroad to a so called “sabbatical year.” The bank sends employees …

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Greek Seamen suspend strike (6upd)

6th UPDATE -Nov 30 2010: Greek seamen suspended strike this morning! 5th UPDATE – Nov 29 2010:  Greek government ordered striking seamen to return to work through a “civic mobilization”. Yet, It is not clear when and if ferry boats and ships will undock from Greek ports. Similar govenrment orders …

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Who’s that Blond cheasing the IMF boys in Athens? (Funny Video)

“Helloooo, Mister Bluuue-Eyes!” The tall, slim, fully blossomed blond is holding the microphone towards one of the  IMF officials, currently in Athens to check and deeply research  Greece’s economic data. “Mister Blues-Eyes! Are you gonna be gentle with Greece?” she asks him in arch and ambiguous manner. Mr Blue-Eyes, Poul Thomsen, …

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Minister turns Greece-IMF/EU negotiations upside town

Minister for Labour, Louka Katseli, threw a fire bomb right in the middle of the negotiations table where Greek  and  IMF/EU/ECB troika officials were sitting to discuss the terms and conditions for the release of the third tranche of the € 110 billion loan. Katselis had decided  to write an article …

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Former Greek FM launches new political party – Readies to visit Turkey

Former Greek Foreign Minister Dora Bakoyannis, 56,  launched her political party yesterday Sunday, a party pledging to help Greece come out of the severe economic crisis. How? By applying neo-liberal economic policies… what else? Bakoyannis’ party carries the name “Democratic Alliance” and  its emblem consists of a  white olive tree …

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Welcome to the Club: Ireland asks 70 bill Euro bailout

Another member of the eurozone loses its sovereignty and pays the price for joining a club whose membership in fact could not afford and thus was unable to follow the rules. Sunday night Ireland  asked its European partners for an international financial rescue package worth at least €70bn (£60bn), after …

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