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Monthly Archives: November 2011

CEO of Alter TV CEO arrested for €1.2million unpaid VAT‎

Greece’s Economy Police proceeds unabated to the detention of big scale public debtors and on Monday afternoon the CEO of the privately-owned Alter television channel Kostas Yiannikos was arrested by the financial crime squad of the Finance Ministry (SDOE)  for failing to pay 1.2 million euro in VAT since the start of 2011. Yiannikos …

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Athens: Public Transport Work Stoppage, Nov 22

Workers at Athens Metro, Tram and Urban Train-HSAP will stage a work stoppage from 12 pm to 4 pm on November 22nd, 2011. Workers oppose the ‘labour reserve’ that sends people home with 60% on their income.

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Selling Umbrellas on a Sunny Day ?!

I was walking at the beach with a friend on Sunday noon. The air was a bit chilly, full with the essences of the sea. The sun was shining with an extraordinary intensity for the season, covering the Saronic Gulf, the sand and the people with a sparkling and happy light.  Young and old have have come …

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Greek Armed Forces: Free Lunch & Housing for Professional Officers

That soldiers enjoy a free meal at the barracks is normal. But that noncommissioned officers join the mess is indeed an issue. As the economic crisis, the strict austerity and the income decreases knock the doors of more and more Greek households, low ranking members of the Greek Armed Forces …

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Greek Armed Forces: Free Lunch & Free Housing for Professional Officers

That soldiers enjoy a free meal at the barracks is normal. But that noncommissioned officers join the mess is indeed an issue. As the economic crisis, the strict austerity and the income decreases knock the doors of more and more Greek households, low ranking members of the Greek Armed Forces …

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NYT: Conspiracies, Coups & Currencies – Greece & Italy

Do the markets cause the end of Democracy in Europe? If their pressure on elected governments is immense, the answer is most probably…. “Yes!”. There is this interesting article published on New York Times about “Conspiracies, Coups and Currencies“. It coincides more or less with the KTG-article “ Post-Post Modern Coup …

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Athens Stock Exchange at Level of 1993

The General Index of Athens Exchange moves below 700 points for the first time since April 1993, as concern about the debt crisis in Europe intensifies, reaching a peak after Moody’s warning to France. The rating agency said the deteriorating market climate was a threat to the country΄s credit outlook, …

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School Closes Due to Lack of Heating Oil

The Association of Parents at the 2. Elementary School on the island of Skiathos, Sporades, decided to close the school due to lack of heating oil.  The parents decided to do so because the municipality delayed the creation of the school committee with the effect that no heating oil can be …

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Greece’s Budget 2012: Recession, Unemployment, High Taxes

Greece’s Budget 2012 has been submitted to the Parliament on Friday after being approved by the Cabinet. According to the text tabled at the parliament, the Budget 2012 estimated that recession will be reduced to 2.8%, unemployment to exceed 17% and new taxes to empty taxpayers’ pockets by 12 billion …

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Thessaloniki: Riot Police Enters University; First After Lifting “Uni Asylum”

For the first time after the lifting of the “university asylum”, riot police entered the premises of the university of Thessaloniki on Thursday. Greek media report that a group of 50 people wearing hoods stormed the yard of the Aristoteleio University where a concert was taking place. Two riot police squads …

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Dallara: Greek Debt Swap Will Likely Cause Selective Default

FRANKFURT (Dow Jones)–An agreement between the Greek government and private bond holders will likely cause a selective default on Greek sovereign debt, the managing director of the Institute of International Finance said Friday. “We are not worried about a selective default, which will last a matter of days, but won΄t …

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Survey:Frustrated Greek Consumers “I Don’t Buy!”

Yesterday I visited one of the most known cosmetics multi-stores in Greece, a branch located  in one of the middle class suburbs of Athens. It was about 2 pm. I was very much surprised to see we were no more than 5-6 customers there. I did my shopping, strictly staying with …

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17 November 1973 – Athens Polytechnic Students’ Uprising (rare footage; videos)

Here is some footage with rare visual and sound material from the Athens Polytechnic Students’ Uprising on 17. November 1973. The videos have been compiled in by EOA in cooperation of the Library of the Greek Parliament. They also contain material from the BBC and some quotations in English, for …

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Athens: Police Closes Metro Stations Due to Protest March, No 17

The police will close four metro stations for several hours in downtown Athens on Thursday due to the march protest expected today in context of the commemoration of  the Polytechnic Student’s Uprising in 1973. Metro station <Panepistimiou> will close at 12 pm, <Syntagma> at 1 pm, <Evangelismos> and <Megaron> at 3 pm. …

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Greek Haircut With Long Pigtails… ops! High Interest Rates

Greek PM Lucas Papademos’ meeting with Charles Dallara, managing director of Institute of International Finance (IIF) concluded on Wednesday night in Athens.  Greek media report, the two men discussed the restructuring of the debt and the participation of private investors. I am sure, the two men spoke a common language …

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