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Daily Archives: July 28, 2012

Halyvourgia Steel Plant Workers To Return to Work After 272 Days of Strike

After 272 days of strike, workers at Halyvourgia steel plant decided to suspend the strike and return to work. Upon a recommendation of the Halyvourgia workers’ union, 107 voted in favour of strike suspension, 14 against, while 29 refrained from voting, in a secret-ballot process that took place on Saturday …

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Greece’s Private Sector Union GSEE Calls The Troika “Charlatans and Quacks”

The atmosphere during the meeting between private sector union umbrella GSEE and Troika representatives on Friday was chilly. In fact, it must have been icy-cold despite the high temperatures in Greece’s capital Athens when the issues of dramatically high unemployment, prolonged recession, cancellation of collective bargains and the miserable conditions in the …

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Greece’s Banks Deal: Piraeus Bank Absorbs Healthy Assets of ATE Bank

Debt-ridden Greece sent a positive message to the Troika, as it announced that the country’s fourth-biggest lender Piraeus Bank took over the healthy assets of state lender Agricultural Bank (ATE). Greece’s lender had been pushing since summer 2011 for ATEbank’s restructure as it was the only bank that had failed to pass …

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