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Daily Archives: October 15, 2012

Greece Collects Just €19 Million out of €13 Billion Owed by 1,500 Debtors

 Greece’s tax authorities move forward with the pace of a turtle. From 13 billion euro owed to the state by 1,500 big scale debtors, the Treasury managed to collect just 19 million. This data was given to the Parliament by Deputy Finance Minister Giorgos Mavraganis. According to Mavraganis, for the …

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Athens: Metro, Urban Train (ISAP) on Work Stoppage, Oct 16/2012

Workers at Athens Metro and urban train (ISAP/HSAP) will launch a work stoppage tomorrow Tuesday, October 16th 2012. The work stoppage will take place from the start of the morning shift until 9 o’clock in the morning. After 9 a.m. metro and urban trian will operate as usual. With this …

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Greek FinMin: Talks Between Gov’t & the Troika to Continue after EU Summit

Greek Finance Minister Yiannis Stournaras said Monday that talks between Greek Government and the Troika on the 13.5 billion euro austerity package will not be completed before the EU Summit on October 18-19, but that they will continue next week. Stournaras told reporters that the package will be voted at …

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Greeks at Risk to Spend Tough Winter Without Heating Oil

Thank God, temperatures are still mild for this time of the year,  thank God many bought heating oil last spring before the price hikes. Then the raw between Finance Minister and representative of gas station owners threatens to force millions of households to spend a rel tough winter. Apart from the fact …

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Samaras Gov’t Rumors on Reshuffle & MPs To Down Vote Austerity Package

Never ending Troika demands and reluctance by some ministers to meet them, time pushing for the release of the 31-billion -euro bailout tranche,  a growing number of coalition government partners MPs sending messages that they will down-vote the austerity package,  a society on the streets, several professional groups on strike, …

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UPD: Justice Minister & Deputy Parliament Speaker Hospitalized

There is no doubt that the Greek government and the officials of the state are under immense pressure, just like every citizen of the debt-ridden country. Of course, the stress factors for citizens and state officials have totally different motives… Deputy Palriament Speaker Yiannis Tragakis reportedly suffered a brain stroke …

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German FinMin Rules Out Greece’s Bankruptcy or Euro Zone Exit

German Finance Minister Wolfgang Schaeuble has for the first time ruled out the possibility of debt-stricken Greece sliding into bankruptcy or leaving the euro zone. “I think there will be no state bankruptcy in Greece,” he told a meeting of the Singapore-German Chamber of Commerce and Industry in Singapore on …

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UPD: Gunshots at Athens Court – One Dead, One Injured

Gunshots were fire on Monday morning inside the Evelpidon Court in Athens. According to latest information one man is dead and one injured. The perpetrator is a Roma woman whose son was killed in a vendetta among Roma families. The woman was arrested right after the shooting. Earliers we wrote: …

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