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Monthly Archives: August 2015

Greeks suffered wages losses of -28.16% from 2010 to 2015

Five years of loan agreements, memoranda of understanding, austerity measures and internal devaluation. And here is the bill for Greece’s employees: a decrease of 28.16% within five years. According to data from the Hellenic Statistical Authority (ELSTAT) salaries were cut by 28.16% in the period of the first memorandum of …

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SYRIZA split: Left Platform to run for elections, it may even claim mandate to negotiate for a new Greek govenrment

Twenty five SYRIZA lawmakers mainly from Left Platform of former Energy Minister Panagiotis Lafazanis split from the party Tsipras’ party on Friday morning and formed their own independent group with the name “Popular Unity”. The anti-Memorandum party will run for the elections called on Thursday after Prime Minister Alexis Tsipras …

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FRAPORT sees €1.23bn offer for privatization of Greece’s regional airports as “basis for negotiations” (!!!)

Yesterday, we “celebrated” the Greek government decision to seal the deal and give the privatization of the country’s top 14 regional airports to German-Greek consortium Fraport-Slentel. Yesterday, we welcomed German state-run enterprise FRAPORT for ‘helping  Greece’ as some German media underlined. Today, FRAPORT seems to reconsider the offer it made …

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Greece’s banks & ECB: Liquidity rises, ELA falls

All Greek banks were needed was another bailout and capital controls. Both needs have been satisfied and now their liquidity has improved.  Therefore the Bank of Greece requested the European Central Bank to lower the Emergency Liquidity Assistance (ELA). The European Central Bank lowered on Tuesday the ceiling for emergency …

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