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Daily Archives: December 10, 2010

First time for everything

When people are frustrated  and angry and feel injustice taboos can easily fall. Such an incident occurred Thursday in London, when the car carrying Prince Charles and his wife Camilla was attacked by angry students protesting tuition fees hikes.  Demonstrators hurled glass bottles, litter bins and white paint at the Royal Rolls …

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The Night that rained Measures… New Austerity Measures!

I know it is depressing to write (and read) about a cracked-down economy on a Friday but more depressing is when you have to live with it. Thursday night, December 9, 2010 will remain in the history of Greece as the night that rained … measures! Shortly before Christmas and while Greeks had been waitiing …

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Are you ready for the new VAT hikes?

One, two, three weeks… Ready? Go! A new waves of price hikes are going to hit the Greek households as the low Value Added Tax is going to increase from 11% to 13% as of January 1, 2011.These sweeping hikes covering from food items to utilities and from cinema tickets …

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Middle Ages in Greek Labor Market: Wages cuts & layoffs liberation in private sector

Greeks are shocked! Employees rights have been infringed. Collective bargaining is been completely reversed as the bill of Labor Minister Luka Katseli was approved  by the cabinet, Thursday night. The new labor reforms cut wages in private sector down to 35% and eases layoffs.  The percentage of wages decreases, of layoffs …

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