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Daily Archives: October 9, 2013

Athens: arson attack against ministers’ office

An arson attack against the political office of Marine Minister, Militadis Varvitsiotis (Nea Dimocratia), took place short before 8 o’clock on Wednesday evening in Athens. According to Greek media, a group of people wearing masks threw flammable liquid on the ground floor of the building where Varvitsiotis’ office is located …

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IMF on Greece: new austerity measures €6.7 billion, new “haircut”

International Monetary Fund wants new austerity measures worth 6.7 billion euro from Greece and thus until 2016. The IMF sees no primary surplus to be achieved for 2013 and furthermore that additional debt restructuring (haircut) will be requited.. According to IMF’s “Fiscal Monitor” report published on Wednesday, Greece is expected …

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Greek Parliament Budget Office: “Debt Restructuring is one-way street”

We live in an illusion world… that things will get better, the debt volume will decrease, Greece will return to the markets, recession and unemployment will ease, that this and that… However the Greek Parliament Budget Office dropped a bomb today. It said that “debt restructuring is one-way street” and …

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ΕU approves Aegean Airlines – Olympic Air merger

Τhe European Union gave its blessing Wednesday to the merger of Greece‘s Aegean Airlines and its rival Olympic Air, saying that there would be no harm to competition since Olympic Air would have no choice but to shut down without the deal. The EU‘s executive, the European Commission, had once …

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