There are no news today, except….

Posted by in Economy, Society

Coalition government leaders to meet today in order to give the final green light to austerity measures worth 13.5 billion euro. Prime Minister Antonis Samaras, PASOK-leader Evangelos Venizelos and Democratic Left Fotis Kouvelis will meet at 3 p.m. With the exception of some open issues on Labour Rights, all other issues have been agreed upon. Venizelos and Kouvelis reject the Troika imposed labour ‘reforms’ that will deprive employees and workers from any right. The full package is precondition for Greece to receive the 31.5 billion euro bailout loan tranche.

Head of Task Force Horst Reichenbach will Health, Development and Tourism ministers several ministers in order to discuss EU Funds issues but also opening of closed professions, reduce of medicine prices, changes in hospitals management, funding in touristic businesses, and other broader issues with regards to ease ‘red tapes’ in enterprises.

Life is expected to be more expensive as ticket fares in public transport will rise by 25% and hikes will be applied in electricity consumption. Property owners will be asked to pay taxes without tax-free amount.

No worries. Not right now. But a couple of months later…

The Troika pushes for lifting the “auction ban” for homes when owners do not service their mortgages. The ban is until 31.12.2012.

156,986 people are on stand by as their pensions applications cannot be handled due to lack of personnel in Greece’s biggest insurance fund IKA-ETAM.

Next Sunday, October 28th 2012, we will have to set our clocks one hour back.

The Troika-Government agreement will set our lives at least 50 years back.

However, I don’t want to be dramatic. This morning I decided to declare today as “Understatement Day”.