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Monthly Archives: April 2014

Mid-term plan: Greeks to pay additional €4.1billion in indirect taxes

Greek government may celebrate the primary surplus, but the financial gap remains. Greek companies and households will be called to pay 4.1 billion euro within the next four years 2015-2018. But as the government insists that they will be no new wages and pensions cuts, the revenues will come from …

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High on Greek agenda: non-stop disputes ahead the elections

Dispute is high on the agenda just a couple of weeks before the EU and the municipalities elections with each party trying to trip the rival and gain points in the voters’ preference. At the same time the political, economical and social disputes set the climate on fire not only …

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University of Chicago seeks to decipher margin notes in Homer’s “Odyssey”

Are you good in deciphering …handwritten notes? University of Chicago wants to solve the mystery of handwritten notes in an 1504 edition of Homer’s “Odyssey”.  An unidentified  donor offers 1,000$ to anyone who can decipher the handwritten notes that are allegedly in French. Option is not excluded that the notes …

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AI urges EU to sanction Greece for its refugees and migrants practices

“The European Union  must sanction Greece for its widespread practice of pushing back refugees and migrants,” said Amnesty International in its “Greece: Frontier of hope and fear”” published on Tuesday. According to AI, with this practice Greece violates its international human rights obligations and urges the EU to use its …

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Protesters hang bras and briefs outside the Greek Parliament

Open-air market vendors hung bras and briefs outside the Greek Parliament on Monday morning to protest a series of so-called “reforms” that will “economically destroy 50,000 families” as they claim. symbolic protest based on the Greek phrase “mas piran ta sovraka” (“they deprived us of our briefs” )meaning “they stole …

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Tragedy in amusement park: boy dead, girl seriously injured, when gust sweeps away ball

The Sunday play turned into a tragedy for a 13-year-old boy who lost his life, while his 9-year-old sister was seriously injured.  According to Greek media, the brother and his sister had visited the playground in Ellinikos suburb of Athens together with their parents. The children were playing inside an …

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BBC reports from unemployment-hit South & EU elections. Do you want to participate?

“What jobless in crisis-hit south think of the European elections?” BBC journalist Patrick Jackson is traveling to “unemployment hotspots” of the Eurozone and collects opinions from Spain, France, Italy and Greece. First stop is Seville, in the Spanish region of Andalucia where general unemployment reached 36.3% last year and youth …

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Greek Deputy FinMin: tax reductions for companies and households

Deputy Finance Minister Christos Staikouras announced the  tax reduction for companies and households in the debt-ridden and austerity-hit Greece. In an interview to daily Typos tis Kyriakis Staikouras heralded the Greek fiscal progress in lenders’ imposed austerity program and said that “meeting of the objectives launches the tax rates reduction.” …

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“Revolutionary Struggle” claims responsibility for car bomb on April 10/2014

Guerrilla group Rveolutionary Struggle claimed responsibility for the car bomb that exploded outside the Bank of Greece in the dawn of April 10th in downtown Athens on Amerikis street,  a day before German Chancellor Angela Merkel visited the Greek capital. In a 18,322 words long text, the group said that …

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EC Greece Report: new austerity measures €7.7bn for 2015-2017

The European Commission may hail the “Greek progress” in its April 2014 review of the second Economic Adjustment Programme for Greece.  The EC may hail the primary surplus and the structural reforms. However at the same time it stresses the need for additional austerity measures totaling 7.7 billion euro for …

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Greece got a plan: a “development model” named “Greece 2021”

Greece got a plan. A growth and development plan with the futuristic title “Greece 2021”, that is seven years from now. The plan was submitted by Finance Minister Yiannis Stournaras to Euro Working Group on Thursday in Brussels in the context with the Greek debt relief request. Here is to …

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Greek debt relief discussion starts on …technical level

Greece made its first official request for a further debt relief at the Euro Working Group in Brussels. This does not mean much in substance for the time being, as the International Monetary Fund may supports the idea, but Greece’s European partners -especially the Germans –  reject it. And they …

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New austerity measures to hit Greeks also in 2014

Despite the government heralding the exit from the economic crisis and the primary surplus celebrations, a series of austerity measures will hit Greeks also in 2014. Until the end of the year, Samaras-Venizelos coalition government has to: lay-off 11,000 civil servants decrease the supplementary pensions eventually decrease the main pensions …

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Greeks launched 20,120 protests in four years of IMF loan agreements

Loans agreements, harsh austerity measures, income and pension cuts and elimination of labor rights sent Greeks 20,120 times to the streets since 2010, when the country sought the “rescue” through the International Monetary Fund. According to the data given to the Greek Palriament by Minister of Citizen Protection and Public …

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Greek Gov’t to hire 14K civil servants after laying-off 14K

Greek government plans to hire some 14,000 civil servants and thus despite the fact that more than 4,000 were laid off last year and more than 15,000 are to be laid-off this year by the orders of the Troika. Crazy? It depends… According to the governmental recruitment plan obtained by …

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23 Apr 2010 – 23 Apr 2014: Four years of austerity & loan agreements

I have almost forgotten this anniversary we call “four years loan agreements”. I almost forgot it because hardly any mainstream media and websites and blogs mentioned it. The day started with the festive celebrations of the primary surplus confirmed more or less by the Eurostat. And so were the loan …

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With €100million Germany co-funds Greek Investment Fund for SME

Greek Development Minister Costis Hatzidakis and executive vice president of the German state investment bank KfW Christian Funke put their signatures on the Greek-German Investment Fund agreement aiming to lend a helping hand to small and medium size enterprises. According to Hatzidakis, the German side will contribute 100 million euro, …

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