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Monthly Archives: March 2012

Abbot Ephraim of Vatopedi Monastery to be Released on Bail

  A big Bravo to the Greek prison system that managed to bring a defendant in custody to reason and brought him to denounce crime for ever and ever. Abbot Ephraim, accused for the Vatopedi Monastery  land swap will be relased exit the prison cell after three months in custody. Abbot Ephraim …

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Greek Bank Deposits Fell 2.7% in February 2012

Greek bank deposits fell 2.7% in February, data from the central bank showed Thursday, as households continued to use their cash reserves to make ends meet. Total deposits held by domestic residents and companies fell by EUR4.6 billion to EUR164.38 billion in February. The 2.7% decline on the month comes …

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Bundesbank: No ban on Sovereign Debt Collateral from Greece, Ireland & Portugal

UPDATE: Germany΄s Bundesbank said on Monday (April 2/2012) that it will continue to accept all euro zone sovereign bonds as collateral in its lending operations, rejecting media reports that it had stopped taking debt from EU/IMF programme countries. On March 30, German daily Frankfurter Allgemeine Zeitung reported, that Germany’s Bundesbank …

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Greek Survey: “No Sex, We have Austerity…”

This is one of the most tragic impacts of the loan agreements between Greece and its lenders on the debt-ridden society. Memorandum I and II seems to have triggered a dramatic ‘haircut’ in the sexual life of the Greeks. Sharp decrease of libido apparently goes hand in hand with the sharp increase …

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EC Report – Greece: Unemployment, Income Losses, Poverty

Greece is going from bad to worse. That’s no news, but when it comes summarized through the official data from the European Union it is really impressive.  In its querterly report on employment and the social situation in the opean Union, the European Commission states that 370,000 jobs were lost in the first three quarters …

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Baker Fined for Distributing Free Potatoes to His Customers

While speculators continue to operate undisturbed, the Ministry of Development has exhausted its severity and the law in punishing a baker for handing out free potatoes to his customers, two weeks ago. According to daily “Eleftheros Typos”, the Ministry fined the baker with 5,000 euros. A statement issued by the General Secretariat of …

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Greek PM Papademos Does Not Rule Out 3rd Bailout Package

Greece’s Prime Minister Lucas Papademos said on Friday the country was making every effort to avoid a third bailout package but said he could not rule out the need for one. “Some form of financial assistance might be necessary but we have to work intensely to avoid such an event,” …

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Greek Helped Bring Down “Erratic” Pilot of JetBlue Flight (video)

Pick up a stone and you will find a Greek underneath. Diaspora Greek, Paul Babakitis, a retired New York police officer, was one of the JetBlue Flight passengers who helped wrestle the “erratic” captain to the ground. On Tuesday a JetBlue flight bound for Las Vegas made an emergency landing in Texas on Tuesday …

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Education Minister Threatens to Resign over Greek Universities Funding

Just 23 days after his appointment, Greece’s  Education Minister Giorgos Babiniotis threatened to resign on Thusrday upon criticism and pressure he received on his decision to disengage the funding of universities and Technical Education Schools (TEI)from the councils elections as it has been defined by a recent law passed by Papademos coalition government. …

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IMF’s Thomsen Booed At LSE (video)

IMF’s Poul Thomsen became the target of protests while he was delivering a speed at the London School of Economics on Wednesday. Poul Thomsen Poul Thomsen, deputy director in the European Department of the International Monetary Fund and and head of the Troika Programme for Greece, was speaking about the (successful?) recipe …

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USS Enterprise in Piraeus: Wellcome, American Dollar!

The very first American nuclear powered aircraft carrier “Enterprise” anchored off shore of Palaio Faliro, south of Athens, on Wednesday morning. The USS Entreprise, the longest naval vessel of the world, is on its last deployment after 53 successful years on duty. With more than 4,000 crew members the ship resembles a small …

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Turkey: Reopen Halki Seminary? Reciprocal Move, First!

That’s the usual Turkish tactic when it comes to diplomacy: reciprocacy above all! It was just two days ago, when Turkish Prime Minister Recept Tayyip Erdogan announced to US President Barack Obama his decision to reopen the Theological School of Halki. On Tuesday, Turkish EU Minister Egemen Bagis came out …

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Greek Crisis: Welfare Bodies Close to Bankruptcy

” The financial situation in which Greece’s national insurance bodies find themselves is, to say the least, very serious. The organisations are the victims not only of the serious economic crisis in which Greece finds itself but also of the two-party system that has ruled the country for years and that …

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Educated Young Greeks Seek Life as Farmers

Highly educated young people seeking a quality life consider to abandon big cities, return to the countryside and get involved in the rural sector even if at the price of a decreased income. One to one-and-a-half million young Greeks plan to return to the countryside, according to a survey conducted …

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Dozens Greeks Willing to Return Illegal Social Benefits

Dozens Greeks are apparently willing to return the social benefits that they illegally obtained fro several years after several government bodies run a severe cross-checking. Speaking to VIMA FM, Athens deputy mayor Kalliopi Giannopoulou said that these false “beneficiarie”s seek the municipality and request to return the money in installments. However, no solution …

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Athens: Metro, Tram, Urban Train Work Stoppage, Mar 28/12

Workers at the Metro, the Tram and the Urban Train (HSAP) will launch a warning four-hour work stoppage on Wednesday, March 28th 2012. The work stoppage will take place from 11 am to 3 pm. The workers demand the signing of a Collective Labour Agreement and warn that there would …

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Resistance by Unions to Household Tax Escalates

You have just been tricked! You though it’s a news from rebelling Greeks, but it is not! This news item comes from debt-ridden and bailout Ireland. Thank God, Greeks are not the only ones who resist to pay what is generally called “emergency” or “additional” taxes.  Our Irish friends, precisely the …

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“Rent a Greek Doctor” for €3 per Hour

Doctor trainees working at Evangelismos public hospital found an original way to protest the ridiculous payments of 3 EUR per hour, when on call. They printed and distributed “Rent a Doc trainee for 3 EUR per Hour” leaflets. Greek with University degree seeks job as secretary, doorman, ambulance, nurse, security and …

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