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Monthly Archives: October 2011

Greek PM Calls Referendum Over “Haircut”-Agreement

Greek prime minister George Papandreou announced referendum over the October 26th, 2011 Loan-Agreement  (“Haircut”-Agreement) stunning the public. It was the PM’s answer to all criticism by the opposition, the society and even some of his own deputies, the request for early elections and/or government of national unity. Speaking to parliamentary …

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Protests Against the President Trigger Political Confrontation

Strong political confrontation broke out in Greece after protesters insulted the President of the Greek Republic, Karolos Papoulias, and enforced the cancellation of the October 28th – OXI Day military parade in Thessaloniki. After the protesters insisted on hindering the stat of the parade, a visible angry and deeply insulted President decided to …

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Unprecedented! Thessaloniki Parade Cancelled Due To Protests

Unprecedented! The military parade on the anniversary of OXI-Day in Thessaloniki has been cancelled after protesters insulted the President of the Republic, Karolos Papoulias. Papoulias was ‘weclomed’ with boos by crowds of protesters. They raised banners and chanted the usual slogans “Thieves!” and “Traitors!”. The President of the Greek Republic felt …

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Angela Merkel: She Has A Dream….

Powerful world bankers knelt and paid their respect to the new souvereign of Europe. They bowed to what German Chancellor Angela Merkel called “last word”: a 50% Haircut of Greek bonds. Angela Merkel may remind us of the German version of Margaret Thatcher”, but deep in her heart she is still the …

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28th October 2011- The Alternative OXI-Day Parade

Every year, on October 28th the Greeks celebrate with parades the anniversary of  heroic “Oxi”-Day, the day when the then prime minister of Greece said “NO” to Italy’s ultimatum asking the surrender of Greece to the forces of the Axis. That was on October 28th, 1940. Parades are usually performed by school students on October …

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Greek Haircut: Bankruptcy and National Humiliation

I woke up this morning, the first day of the Salvation Year “Greece in Haircut” with some voices in my ear. I had fallen asleep on the couch, watching television. People were arguing on TV about the “50% Greek Haircut”. While I was sleeping, people I don’t know and never …

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UPD1: Latest Info on Greek Debt Countdown in Brussels

All eyes are focused on the European leaders in Brussels bound to take historical decisions on the Greek debt and the whole of Europe. The meeting is about to start soon. A failure of taking the needed decisions tonight might cause turmoil in the markets on Thursday morning, with Spanish and …

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Greek Boil, With or Without “Haircut”

“They put our feet in one single shoe” shouts the old lady as she enters slowly a bakery shop in a middle class suburb of Athens. She stands half-at the doorway and  sends a smile to the bakery woman; she shouts over my head “I can’t buy anything today, I’ve …

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Thessaloniki: Protesters Boo Defense Minister (video)

 An angry crowd booed and chanted slogans against two government ministers attending the festivities of St. Dimitrios Day in Thessaloniki. Defense Minister Panos Beglitis and  deputy Transport minister Yannis Magkriotis were forced to hear people chanting “Thieves! Thieves!” while they were entering the St Dimitrios church. Some protesters even tried …

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Winners Among Us – Alexandra in Istanbul Marathon

Greeks are in deep depression. Economically. Psychologically. Greeks are saddened with what is happening with their country. Whether EU leaders will take haircut or bankruptcy decision today, on Sunday, next month, next year, next decade… And yet. There are still winners among us. Winners of life. People winning personal races with …

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Greek Students Protest & Boo ECB-Chief Trichet in Berlin (video)

Outbound chief of the European Central Bank, Jean-Claude Trichet, was delivering his last speech at the Humboldt university in Berlin, where he became the target of angry Greek students. A group of Greeks entered the hall and started chanting slogans against the Troika and the banks, while they also raised  …

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Greek Bankers At Odds with Gov’t Over “Haircut” & Recapitalization

 There is a strong public confrontation between the Greek government and the Greek banks as the latter oppose a haircut of 50% or more percentage. Tuesday morning, prime minister George Papandreou while calling political parties and citizens to show ‘collectedness’ ahead and after the critical EU Summit on Wednesday, describing the ‘haircut’ …

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Greek Greek Taxpayers Apply for Legal Measures Over Property Tax

 With an appeal to the Supreme Administrative Court/Council of State “Greek Taxpayers’ Association”, one private person and the “Lawyers’ Association of Athens” request the annulment of the decision for the emergency property tax to be paid via the electricity company bills. It is the first filed application against the temporary …

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Racing Against a Greek Default & PIIGS Contagion

Greek Prime Minister George Papandreou left Brussels and returned to Athens for 24 hours to calm down ‘rebelling’ PASOK deputies. No political development is possible before the final decisions on the Greek debt before Wednesday. Within ruling party PASOK voices are loud that the government cannot take such historical decisions …

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Upd: Athens Public Transport Strike, Oct 25/2011

Athens Blue Buses, Trolleys, the Metro and the Tram will be on 24-hours strike on Tuesday, October 25th, 2011. Urban Train HSAP will have a work stoppage from 12 noon until 4 pm. Long distance buses (KTEL) have announced a strike on Oct 26/27, but as 90% of the workers are …

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