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Daily Archives: January 10, 2011

City Council session ends in sound smacking (video)

This week’s omens do not promise any good. Monday started with new announcements for public transport strikes, Government spokesman verbally “disapproved” Greek deputy Prime Minister insulting statements (I will report about tomorrow).  Athens stock Exchange went down  and  10-year Greek bond spreads went up, both hitting historical records.   In Stylida …

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Of Greek Spreads, Budget Deficit and Solidarity Bread

Greece’s 10-year bond yields touched another record high  and exceeded the equivalent German yield by 10 percentage points, news wires reported Monday. The midpoint spread topped the fresh record of 985 basis points, reaching dangerously the psychological level of 1,000 bps. Later  Greek bond eased to 969 bps. The historical record, “the first since …

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Athens Stocks Index at 1997 level

Greece’s budget deficit may have shrunk by 36.5% and beat the target, yet Monday’s Athens Stock Exchange session was one of the worst since 2009 for the Greek Stock Market. Economic news portal, Capital.gr  reported that the General Index ended below 1360 units for the first time since April 1, 1997 …

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Athens: Updates/Chaos as Public Transport workers announce new strikes

Another “Passion Week” started for residents of Athens as Public Transport workers announced new strikes and stoppages. If you belong to the class of people using public transport, you have no car and you can’t afford a taxi,  you are scr*w*d this week as well. I advice you to take notice …

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Greek Mayor demolishes Toll Barriers

Actor Apostolos Gletsos has always been a tough guy not only in Greek television but in real life as well. As new elected mayor of Stylida (Fthiotida), Gletsos joined the civic anti-toll  movement in his own special way.        Using his authority as mayor,  former national Beau climbed on a municipality bagger and …

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Fast Track Pensions for Greek retirees on the way

The majority of pensioners in Greece have been in difficulties to receive their pensions after having fulfilled the preconditions and applied for it. Administration delays and unreasonable bureaucracy drive many thousands to have to live without income for a period of  eight months, the earliest,  up to three years, the …

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Athens: Justice for tortured and burnt puppy Manolo!

Justice in fast track for tortured burnt puppy Manolo! A court in Athens sentenced Pavlos Tachtaloglou to six months prison sentence and fined him with € 1,000 for torturing puppy Manolo. Tachtaloglou was arrested in on December 26, 2010 in Kallithea, suburb of Athens, after neighbors complained that he systematically tortured his …

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Greece: Winter Sales start Jan 15, 2011- Merchants in despair

This year’s Winter Sales official start on January 15, 2011, two weeks earlier than February 1, as normally scheduled.  However retailers have already started offering goods at discount prices after having seen the Christmas-New Year market recording incredible low sales between -30% and even -40%. The Winter Sales will conclude on February 28. …

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Greek PM determined to punish politicians who can’t explain how they became rich?

Has finally Greek Prime Minister heard people’s demands to have politicians, who has become rich, punished? Apparently it seems so….  Media reported that  PM Goerge Papandreou expressed his discontent on the issue in a closed meeting with major government ministers. “I want an answer to why nobody goes to jail” Papandreou reportedly …

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