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Monthly Archives: August 2013

Deputy FinMin Staikouras admits: “Greek debt is not sustainable”

SSSS-U-rrr-P-R-I-S-E! Greek deputy finance minister Christos Staikouras admitted that “the Greek debt is not sustainable and its relief will require negotiation.” In an interview to weekly Parapolitika, Staikouras said: “The public debt has been gaining strong increasing dynamics, whether in absolute levels or in relation to GDP, the debt is …

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RT report: “Debt Drama: Was whole Greek bailout deal a failure?” (video)

Stuck in recession, plagued by soaring unemployment and suicides – the Greek plight is dragging on, sending shivers across the EU. Greece is struggling to meet the conditions of its international lenders, who are pouring billions into the ailing economy. But when will the rescue package actually work? Or has …

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Greek FinMin quotes Lenin: ‘useful idiots’ those who do not want Greece to succeed

Would you dare believe that a Finance Minister who applies neo-liberal IMF policies would cite a phrase attributed to Russian communist revolutionary Vladimir Lenin? Oh yes! In this surreal country called “Greece” everything is possible. Even that. Apparently because the ‘modern neo-liberals’ used to be ‘leftist’ or ‘communists’ when they …

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Death myystery: designer “Michalis Aslanis died of pulmonary edema,” says autopsy preliminary report

The death of famous fashion designer Michalis Aslanis remains a mystery even after the preliminary results of the autopsy. “Aslanis died from pulmonary edema,” Greek media report on Thursday, citing the coroner who conducted the autopsy. Greek fashion designer Michalis Aslanis died from pulmonary edema according to a preliminary post …

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Philip Morris to turn town of Agrinio into Europe’s tobacco warehouse

Big investment on the way. Greece will turn into tobacco warehouse for the whole of Europe. Philip Morris has plans to build a new central warehouse in Agrinio, a town in western Greece and supply with tobacco all smokers within the European boundaries. “Philip Morris plans to take 50 percent …

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Greece is ready to “fulfill its international obligations” against Assad-regime

While the countdown for an US-led operation against Syria has started, Greece reassures its NATO allies, it was ready to assist in an operation against the Assad regime. “Greece is ready to fulfill its obligations,” deputy Prime Minister Evangelos Venizelos (PASOK) told the press after a meeting with Defence Minister …

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Train driver allowed teenager daughter to drive the train

A teenager girl in shorts test driving a train? Ah, no problem! “Driving a train is” allegedly “a piece of cake”. Therefore the train driver let his daughter on the command of a train full of passengers. You know, in the art parents give private car driving lessons to their …

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Olli Rehn: Troika to evaluate Greece’s debt sustainability in September

Troika here, EU there, Schaeuble & Merkel lead the dance.  In the middle the sustainability of Greece’ debt that does not decrease despite strict austerity measures and tax tsunamis. A third ‘rescue’ package is on the way. “Greece’s international lenders will step up their assessment next month of how the …

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Famous Greek designer Michalis Aslanis found dead; suicide speculation

One of Greece’s most beloved fashion designers Michalis Aslanis is dead. He was found in his apartment in Kolonaki in Athens on Wednesday noon by one of his assistants.  Greek media speculate that Michalis Aslanis had committed suicide due to economic problems. An autopsy will determine the exact cause of …

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Merkel: Pressure on Greece will not relax

I have the feeling, Greeks help German chancellor Angela Merkel lead a successful elections campaign and consequently win the next elections. By asking an additional 10-billion euro package, by fulfilling the Troika imposed ‘structural reforms’ with great struggling, by demonstrating inability to catch the real big fish of tax evaders …

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Greek food stores to sell expired food as of 1. September 2013: YUCK on our plates

Do you remember these posts of mine about a year ago on a law allowing the sale of expired food at supermarkets? This blessed happy hour for the austerity-hit, taxes-ridden, unemployment-beaten and income-less impoverished Greek households is to start as of 1. September 2013. In separate sections of supermarkets and …

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FinMin Stournaras: Greece could return to debt markets in 2014

Greece could return to debt markets to test the water in the second half of 2014 if his country returns to growth in the first half of next year and manages a primary surplus, its finance minister said in a German media interview out on Monday. “That would be a …

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Troika, EU & ESM want to grab Greece’s public assets from Privatization Fund

The economic occupation of Greece is getting …better and more obvious. The Troika, the European Union and the European Stability Mechanism (ESM) have big plans concerning the real estate assets currently managed by the Greek Privatization Fund (TAIPED). According to newspaper Proto Thema that grabbed the confidential report prepared by …

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Wes McGrew: New IMF mission head to replace Bob Traa in Greece

Our beloved Bob Traa, the head of IMF mission in Greece is leaving the debt-ridden country. There were claims in the Greek press some time ago, that Bob Traa would go to early retirement at the tender age of 56. Because as everybody knows the rules (taxes, retirement age at …

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