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Daily Archives: March 29, 2011

Greek survey: Corruption worst than Unemployment

Corruption is Greece’s worst problem, however most Greeks see nothing wrong with paying bribes if they need do, a survey disclosed. A third of Greeks believe that corruption is the country’s biggest problem but more than half see nothing wrong in bribing a public servant if they have to. The …

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Greek Teachers on Strike, Mar 30 – Rally in Athens downtown

There were so many news today that I almost forgot that. Primary and secondary school teachers will be on 24h strike tomorow, March 30, 2011. They oppose the planned mergers of schools and the possibility of wages cuts and loss of social security and labour rights. They plan a protest …

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S&P downgrades Greece – PM lashes out against Rating agencies

Standard & Poor΄s Ratings Services said on Tuesday it lowered its long-term sovereign credit rating on Greece to ΄BB-΄ from ΄BB+΄ and maintained the rating on CreditWatch with negative implications.  At the same time, the rating agency placed its ΄B΄ short-term sovereign credit rating on Greece on CreditWatch with negative …

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(Upd) Mornos Water pipeline breaks down – Residents Flee

A sixty meters rift broke in the Mornos pipeline that carries water to the Greek capital. Masses of water were released flooding fields, houses and shops. Panic broke out among the residents  who were warned almost at the last minute to  flee the rushing water. Most affected was the Saranti village …

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Keratea: There is a war going on 50 km SE of Athens… (videos)

 In Ovriokastro village church bells rang, and sirens and megaphones called the residents to rush to the road blocks on the outskirts of the town. “We are getting attacked!” the voice was warning through the megaphones, while the shrilling sound of municipality sirens was sending waves of goosebumps to men …

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Greece’s Libya participation costs € 6,5 million per month

In an extremely difficult economic period for Greece, the country’s participation to operations against Libya cost just 6,5 million euros per month. “Therefore should the operations last three months the costs will amount 20 million euro” National Defence Minister Evaggelos Venizelos told the External Affairs & Defence committee of the Greek parliament. …

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Greek economy? Thanks for asking…

How is Greek economy doing?  Apart from the failure to combat tax evasion, to cut state spending by trimming the  state apparatus and to boost development to escape recession…. thanks for asking! A BBC survey conducted among Euro economists show no good ahead. Two-thirds of the 52 respondents forecast a default! “The …

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