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Monthly Archives: May 2016

Greece’s labor market: “Galley conditions” as unemployment still at 24.2% and minimum wage is going down

I read today that unemployment in Greece dropped down to 24.2% in February 2016. In comparison, general unemployment was at 24.4% in January 2016 and 25.8% in February 2015. That’s definitely good news even though I am not sure about the correspondence of real people to a percentage difference of …

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Auctions & foreclosures start with real estate, hotels & 180 sheep

It’s done. Despite the famous Greek summer, as of tomorrow, June 1st 2016, it will rain auctions and foreclosures. The relevant Presidential Decree was signed and published in the Official Gazette. Apartments, villas, land plots, hotels, ships, helicopters and yachts but also 180 sheep and poultry farm equipment with 4 …

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Mars reaches closest point to Earth: just 75mn km away, May 30/2016

Do not miss an amazing cosmic phenomenon tonight, Monday, May 30th 2016. Planet Mars reaches its closest approach to Earth for 11 years this evening at 21:35 GMT. The red planet will be just 75 million kilometers away. Mars has been steadily approaching, tripling its apparent diameter as seen through …

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Putin came, prayed and left: Geopolitics, investment & religion

Russian President Vladimir Putin came to Athens,  signed agreements, prayed in Mount Athos and left. On bilateral level, he signed a series of multiple agreements with the Greek side, a declaration of good will and cooperation in tourism, culture, and the usual staff. For sure, renewal of Greek-Russian relations is …

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Migrant commits suicide in the center of Larissa

A young migrant took his life in the center of the city of Larissa, in central Greece. According to local media, the man was found to have hanged himself from a tree very close to one of the main streets of the city. According to locals, the young man was …

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IMF economists: Austerity does not deliver Growth

After the Epic Fail of the imposed austerity program to Greece, economists at the  International Monetary Fund seem to have come to their senses. They openly question neo-liberalism: that is austerity and deregulated capital flows. In an article with Title “Neoliberalism: Oversold?” posted on IMF’s website, several economists realize that …

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Putin in Athens: Draconian security measures for Russian President

At least 2,500 members of Greek police, security and anti-terror units, have already been deployed all along the way from Athens airport to the city center, where the Russian President Vladimir Putin will visit President Prokopis Pavlopoulos first and Prime Minister Alexis Tsipras half an hour later. The Greeks will …

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Clean Beaches: With 430 Blue Flags Greece earns 4rd place in EU: 1st is … Luxembourg!

Greece has earned the fourth place in Europe with regards to the quality of its bathing waters. According to data published by the European Environment Agency,  97.2% of areas inspected were deemed to be outstanding. The EEA also announced that the country was positioned third worldwide in terms of Blue …

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Putin criticizes EU & EC, one day before his visit to Greece

One day before his visit to Greece, Russian President Vladimir Putin shared his thoughts about Greek-Russian relations and sharply criticized Europe and the European Commission. In an open letter sent to daily Kathimerini, Putin also expressed strong interest in Privatizations, especially in TRAINOSE and the Port of Thessaloniki. Hailing Greece …

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Idomeni evacuation in slow pace as many reluctant to move to new camps

Evacuation of Idomeni continues also on Wednesday although in slower pace than on Tuesday, the first day of the massive operation to have 8,500 refugees and migrants transferred to organized camps.   From idomeni to Sindos camp – via @Antolalto  Police tries to convince more and more people to leave …

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