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Monthly Archives: July 2016

CitiGroup predicts Grexit in next 1 to 3 years

Analysts of the Citigroup bank analysts insist that Grexit is a real possibility in the next 1 to 3 years. Taking into consideration factors like deeper recession and new political instability, the Citigroup analysts see increase of the Grexit risk. In its 3 monthly report Global Economic Outlook and Strategy, …

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Greece to hire 800 teachers to school 22,000 refugee children

Greece will hire hundreds of extra teachers to help thousands of migrant children join its public schools in the autumn, Prime Minister Alexis Tsipras said on Wednesday. “The inclusion of all refugee children in the public school system will begin in September,” Tsipras said in a televised address. “Around 800 …

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Gov’t gives low-pensioners extra social drops to swallow the bitter pill of being deprived of poverty allowance

Greek government will “compensate” with a total of 50 million euro the poverty allowance (EKAS) cuts to more than 158,000 low-pensioners who saw the little monthly extra being removed from their income since June. The EKAS cuts is a bailout agreement precondition since the 2. bailout of 2012. In the …

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SYRIZA vs SYRIZA: Ruling Party against Government for refugees’ evacuation from occupied buildings

Greece’s ruling party SYRIZA condemned a decision of the SYRIZA-Indepenten Greeks government to have police raid and evacuate three buildings in Thessaloniki, northern Greece. The buildings were occupied by anti-authoritarians and members of Solidarity movement who had settled refugees and migrants there. “Criminalizing solidarity projects is a method that has …

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Parliament rejects ND proposal for probe into Varoufakis’ Plan X, capital controls, 3. bailout

Greek Parliament rejected the proposal of major opposition party New Democracy to establish a special committee assigned to probe “Plan X”, the imposition of capital controls in June 2015 and the signing of the 3. bailout agreement with the European lenders. Plan X was a contingency plan drafted by former …

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Asylum procedure for 8 Turkish officers postponed until August 19the

The eight Turkish officers who fled to Greece after the coup attempt in Turkey were taken to Asylum authorities in Athens on Wednesday morning. The asylum procedure was scheduled to be launched today with individual interviews of the officers who applied for asylum fearing for their lives should they be …

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