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Daily Archives: March 1, 2012

Italian Song-Writer Lucio Dalla Dies During Concert Tour

One of my favorite singers passed away this morning. Italian song-writer Lucio Dalla. He died in the morning of March 1st, just three days before his 69th birthday, right after having had breakfast. His death was due to a heart attack. He was in Montreux (Switzerland) for his new tournée. He performed …

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Greek Police Publishes Photos of The Metro-Bomb

Greek police published several pictures of the bomb that was found at the Athens Metro on Saturday evening and asks the help of the citizens. The explosive device was carried into a green plastic bag. It didn’t explode due to some failure in the connection of the alarm clock with …

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Merkel “Threatens” Europeans Citizens With “Competitiveness”

This is a warning to all European citizens. German Chancellor Angela Merkel urged euro-zone members on Thursday to become more competitive. Taking economically depressive Greece as example, ‘competitiveness’ in Merkel’s mind means ‘peanuts’ for wages and some ‘bread crumbles’ as social benefits. It means harsh austerity without one single euro for …

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Unemployment Benefit Goes Down to Ridiculous €359 per Month

Greece rushed to obey to its lenders dictates ahead the Eurogroup meeting on Thursday afternoon. Just a couple of hours earlier the Ministries of Finance and Labour had hastily signed an agreement that the unemployment benefit will undergo reductions of 22% as the minimum wages. Unemployed Greeks will receive (ridiculous) €359 per …

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Komotini: Jobless Man, 62, Injures Three, Takes Hostages at the Factory of his Former Employer

An unemployed man has taken hostages in a factory producing waste bins in the industrial area of Komotini, Northwestern Greece. The man was working at the factory HELESI PLC for ten years, but he was fired in last September. According to Greek media, the man, 62 years old, was expecting …

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Greek CDS: ISDA “Greece Has Not Defaulted On Its Debt”

THE CDS will not be activated, the PSI does not mean a ‘credit event’. The latest deal to cut Greece’s debt did not constitute a default, an official trading body has ruled. The International Swaps and Derivatives Association said that new Greek legislation forcing all bondholders to accept losses and …

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PM Papademos Has Waived His Salary

This is something that even his closed aides didn’t know. Lucas Papademos does not receive any salary for serving Greeks as their prime minister. According to daily TA NEA, Papademos made this revelation when a relevant question came by a German journalist. Unfortunately the Greek daily does not give any further …

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