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Monthly Archives: September 2011

Thinking of Buying a Greek 100-Year Bond?…

What an exciting proposal! What a perfect investment! Especially for those Greeks hit by unemployment so that they will never manage to get a pension in their old days. A 100-year Bond is an extraordinary attractive call  for newborns in debt-ridden households. Reuters reported: “Greece may be looking into kicking the can into the …

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Horror! “Parents” Hide Child in a Suitcase

That’s unbelievable! A pair of foreigners hid an eight-year-old boy in a suitcase and loaded it into the storage space of a coach bus! Operators of the bus and passengers were more than stunned when Igoumenitsa Port Authorities asked the bus personnel to open the suitcase: A child was curled inside the …

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UPD: Greek Air Traffic Controllers(GATCA) on Strike, Oct 5/11

Air Traffic Controllers (GATCA) will join the mobilization of Greece’s public sector for a 24-hour strike on October 5th 2011. The strike will start October 5/11 at 00:01 midnight, local time,  and end 24 hours later. However watch for updates as Athens courts normally rule GATCA strikes as ‘illegal’… Then strikes are cancelled, Air Traffic …

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Athens: Poet Consults in …Bridge Construction?

At first I couldn’t believe my eyes. Then the news “What does a poet and a bridge have in common?” published on Greek internet.  A blog revealed that a poet has been hired as consultant for the construction of a pedestrians/school children bridge over one of the main roads of Athens, Kifisias street. There is a …

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German Parliament Approves EFSF Expansion

German parliamentarians on Thursday approved the planned expansion of the European Financial Stability Facility (EFSF) with 523 voting in favor, 85 against and three abstentions. The bill’s passage is a vital hurdle in euro-zone efforts to increase the fund’s lending capacity from its current €250 billion ($338 billion) to €440 …

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German FinMIn: Greece’s 6th Tranche Decision on Oct 13th

German Finance Minister Wolfgang Schaeuble decided on his own when the Eurogroup meeting will take place and take decisions about Greece’s sixth tranche! According to German DIE ZEIT online, Schaeuble said: “Greece’s 6th tranche will be decided during Eurogroup’s Oct 13 extra meeting. It will be paid only if conditions are …

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Operation “Block the Troika” – Greek CSs “Occupy” Ministries (pcts, video)

Hundreds of civil servants ‘occupied’ several ministries since the early morning hours and hindered government officials but also Troika representatives to enter the buildings in order to protest wages cuts and ‘labour reserve’. Currently nine ministries, among others these of  health, justice, interior, finance, are formally blocked, while the civil …

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Upd2: Greece’s Taxation Nightmare – Venizelos Part II

After the uproar triggered by the announcement of receipts collection, Finance Minister E. Venizelos issued a clarifying statement… triggering an even bigger uproar! For two simple reasons, hmmm… in fact three: 1) the state will electronically survey even citizens’ savings 2) the plan hasn’t been thoroughly worked out 3) more clarifications are needed. …

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Millions Greeks Cry Over the Plight of Deputy PM…

Millions of Greeks were ‘deeply touched and burst into tears” this morning to hear Deputy Prime Minister and PASOk heavy weight, Theodoros Pangalos to declare, he has no money to pay the additional property tax for his 58 real estates. ” I have to pay €7,000 for the extra property …

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Speechless Schock! Tax Robbery with Documented Receipts!

I’m sorry (?) to say that but I have reasons to believe Greece is not anymore a ‘state of law’ but a “state of pure absurdity’! The Machivallism unprescendeted, the amateurism exemplary! Those listening to Finance Minister E. Venizelos yesterday, those who managed to understand what he was saying about the …

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Cynical BBC-Video: Get Rich with Euro Collapse!

Alessio Rastani claims to be a stock market and a forex trader. A ‘golden’ boy that dreams of the euro collapse just to see his golden dream bubble come true. He spoke to BBC and said things that can only leave you stunned.  The nervous and fevery guy, that reminded me of …

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Greeks Anticipate Crucial Voting on Property Tax

“Crucial” here and “crucial” there, ruling party PASOK deputies are actually expected to approve the property tax on Tuesday evening, after one aspiring  ‘defiant’ deputy declared earlier today that he will support the government. So far no other PASOK deputy has declared that he/she will not vote, so it seems …

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Greek Fin Min – Dazzling the Public, Blasting the Press…

Sibyl spoke and the audience tries to untie the knot of magic oracling especially those concerning the new austerity measures. All those who watched the press conference of Finance minister Evangelos Venizelos via live television broadcast have been wondering about the absence of announcing the new measures. The trick was simple: …

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Cyprus Drilling: Tension High as “Piri Reis” Enters Block 12

Tension is high around the drilling off shore of Cyprus as the Turkish research vessel Piri Reis has allegedly entered Block 12. Greek newspaper Proto Thema claims that Piri Reis entered the area of Block 12 where US company “Noble Energy” carries out natural gas research. The Piri Reis entered the …

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UPD: Athens Public Transport & Taxi Strikes, Sept 26-29/11

The week will be’hell’ for public transport passengers, for people without private cars and but also for motorists as strikes of public transport cause incredible traffic jams for the residents of Athens. A friend was telling me today, he needed 2 hours to cover a 10-km distance with his car. The strike schedule for …

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