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Daily Archives: November 13, 2012

Greece’s Biggest Furniture Company, NEOSET, Files for Bankruptcy

The rope of recession that drags to the bottom even healthy companies and sends thousands of people to unemployment wrapped around one of the biggest furniture companies in Greece: NEOSET. With a network of 100 stores in Greece and 1,014 employees the company apparently could not cope with liquidity problems.  After 30 years of activity …

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German FinMin: €44 Billion in One Payment to Greece only with Enhanced Control Mechanism

German Finance Minister Wolfgang Schaeuble confirmed on Tuesday evening that news that Germany considers to the payment of three bailout tranches of total 44 billion euro. As expected, Schaeuble stressed the need of an ‘enhanced control mechanism.” “You’ll run up three tranches by the end of the year,”Schaeuble told reporters today in Brussels, …

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“Nacho Mostacho & the Travelling Pig”: Video for Pan-European Strike, Nov 14/2012

 A film with the title ‘Nacho Mostacho and the Travelling Pig’ is a creation by P.I.I.G.S United in London to raise awareness for the Pan-European general strike of trade unions on November 14th 2012. Video: embedded by Embedded VideoYouTube Direkt PIIGS is an acronym consisting of Portugal-Italy-Ireland-Greece-Spain invented by some technocrats and …

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