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Daily Archives: January 31, 2012

Venizelos – Loverdos: United They Go… To Challenge Papandreou

Finance Minister Evangelos Venizelos and Health Minister Andreas Loverdos joined their political forces. Two high ranking Socialist PASOK officials will challenge party leader and ex PM George Papandreou first place in the leadership of the parliamentary group. Consequently in the leadership of the socialist party. We decided to struggle together” said …

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Greek Prison Directors: “Sorry, We’re Full!”

In an unprecedented move the directors of three Greek prisons decided to put a ‘padlock’ to the prisons they manage and do not accept any new inmates. The directors of prisons in Athens, Chalkida and Tripoli sent letters to the Minister of Justice and prosecuting authorities announcing that the prisons …

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Athens Stock Exchange Rallies at +6.13%; Banks Jan-Winners with +83%

The month of January finished with a real rally of +6.13% for Athens Stock Exchange. With 796 units, the  General Index almost touched the psychological threshold of 800 units, recording a three-month high. Banks were the winners of the month recording a plus of 83%. Analysts explain the rally with …

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EUROSTAT: Unemployment in Greece at 19.2% in Oct 2011

What we see and hear everyday, it has been now recorded in statistics. Unemployment reached 10% among the EU member countries and Greece is holding one of the leading positions, according to EUROSTAT, the EU Statistics Authority. While the number of jobless reached 19.2 in October 2011, the number of young people (under …

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Greek Consumers Change Habits Due to Economic Crisis

Greek consumers have made a turn towards their homes, family and friends, boosting household consumption, searching for better prices and products. In this environment, the current economic crisis offers opportunities to those enterprises that will react by timely strengthening their position in the market,” a report by Boston Consulting Group …

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Athenians Freeze as Snow Falls and Icy Wind Blowing (videos)

Temperatures below zero, frost, snowfall. These are the features of the ice cold weather that hit Greece coming from Siberian Russia. In Athens, temperatures fell at -1 degrees Celsius in the morning and snowflakes fell even at the sea coast of the Greek capital. Schools were closed in some northern …

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Sarkozy Rejects the Idea of “State Commissioner” For Greece

The German proposal of a “state commissioner” for Greece is off the table. Moreover the proposal has been rejected  by Merkel’s best friend, French president Nicolas Sarkozy. He said that the austerity programme can only be applied by the Greeks themselves. On their turn Greeks felt unbelievable relieved. Now they will …

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