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Daily Archives: April 23, 2012

Greece’s 2011 Budget Deficit at 9.1% of GDP

Battered Greece saw its budget deficit fall to 9.1 percent of gross output last year as severe austerity required to secure international aid bit into spending. Athens managed a 1.2 percentage point fiscal improvement compared with 2010 but its primary budget balance – which excludes debt servicing costs – has …

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Greek Party with 25 Words – Ready to Hit the Guinness Record?

This is the Greek political party with a title of the length of a model train or an ad of a real estate agency whose owner has gone nuts.  25 words to describe what the founder Miltiadis Tsalazidis wants to express:: Independent Renewing Left, Renewing Right, Renewing PASOK, Renewing Nea Democratia, …

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Greek Elections: 36 Parties to Run for Voter’s Choice

The upcoming elections in Greece offer the angry, frustrated and undecided voter a wide spectrum of choices. A whole of 36 political parties have submitted their applications to run for the parliamentary elections that will take place on May 6, 2012. Big parties, small parties, one-person parties, estalbished parties, fringe parties, …

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Greek Elections: What Will Happen If No Party Wins Absolute Majority?

While the general election campaign is in full speed, the latest public opinion polls destroy any political hopes for an absolute majority and the formation of  one-party government. Greece’s voters will most likely cast their vote pushed by the motivation to “punish” those parties that governed the country for almost four decades and …

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Member of Qatar’s Royal Family Buys Greek Island

Oh, we need some exotic in our grim and depressive Greek times. A member of Qatar’s royal family apparently bought a private Greek island located at the Ionian Sea, near Ithaca. Like a modern Odysseus, the Qatar royalty will find its Ithaca with a private island, and we will all …

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Greeks “Freeze” With Heating Oil Prices Up 40%

Despite the rising temperatures Greeks ‘froze’ on Monday morning to hear that heating oil price will go up by 40%. Due to the so-called equalization of the tax for heating oil, one liter will cost €1.45-€1.47 as of next October. One liter costs one euro today. As heating oil is distributed from October …

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