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Monthly Archives: November 2016

ESM proposals could reduce Greece’s debt by a fifth in 2060

Confidential proposals drawn up by the eurozone’s bailout fund European Stability Mechanism could reduce Greece’s debt load by about a fifth in 2060. The six -page document, dated November 25th 2016, outlines measures that that could be taken in the near future to reduce Greece’s large debt load. According to …

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EU Commission reveals 5-billion-euro European Defense Fund

The European Commission is planning to propose the creation of a fund for military procurement and research, as part of wider plans for an EU defence union. The proposal, due out in Brussels on Wednesday (30 November) and seen by the Reuters news agency, says member states should pool money …

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Volos: Homeless surrenders to police seeking shelter from the icy cold

A homeless  had an original idea on how to protect himself from the polar cold sweeping through Greece. He thought that the police would provide hm with a roof over the head, a blanket and a warm meal. So what did he do? He broke into a vehicle parked in …

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Varoufakis: Shortlisted Candidate for Children Book Award

Former finance Minister Yanis Varoufakis is one of the candidates for a Children Book Award. The name of Varoufakis is on short listed by the Greek Ministry of Culture for his book “Talking to my daughter about the economy” and in the category “knowledge books for children.” Varoufakis’s book was …

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Samos: Council for Refugees accuses police of “torturing ISIS victim”

The police station on the island of Samos has been accused to have tortured a 25-year-old refugee from Iraq. According non-profit organization Greek Council for Refugees, the man had requested international protection in Greece and had been tortured by members of the ISIS and therefore he should have joined the …

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64% of Greeks want to set up their own business

64 percent of Greeks want to become businessmen, Amway said its seventh annual global survey released on Tuesday. The survey, conducted in cooperation with the Tech University of Munich, records public trends on entrepreneurship throughout Europe, including Greece. Compared with 2015, Greek respondents were less positive towards entrepreneurship (64 pct) …

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Polar front brings sharp temperature drop of 10C and snow Nov29-Dec1/2016

I didn’t need to check with weather reports to confirm the temperature drop and the icy north wind coming from Scandinavia. I only needed to open the balcony door of my bedroom this morning. Our youngest cat – next to my feet and ready to jump outside to conquer the …

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Strong rainstorm floods the island of Lesvos (picts, videos)

A tough night for the island of Lesvos: Strong rainfall and hail had houses and shops flooded, drivers trapped in roads turned into rivers and left large areas without electricity for several hours. Plomari and Kalloni are the regions most struck by the bad weather, in Kalloni schools are closed …

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ECB’s Draghi: Solution for Greek Debt is in the interest of the Eurozone

A solution for the Greek Debt is in the interest of the eurozone, chief of the European Central Bank, Mario Draghi said on Monday, speaking at the Economic and Monetary Committee of the European Parliament. Answering a question posed by Giorgos Kyrtsos, MEP of conservative New Democracy, Draghi stressed  that …

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FinMin Tsakalotos admits: Creditors push for more austerity measures for 2019-2020

Without conclusion of the second program review there will be no discussion on debt neither we will enter ECB’s Quantitative Easing and consequently return to the markets. This dramatic warning came from Greece’s Finance Minister Euclid Tsakalotos on Monday. Speaking at the conference “Time for the Greek Economy” in Athens, …

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ECB’s Coeure: Europe’s success in dealing with Greece is Europe’s success in …

“Europe’s success in dealing with Greece is Europe’s success in dealing with itself,” European Central Bank (ECB) Executive Board Member Benoît Cœuré said in Athens on Monday, while failure to support Greece will also be a failure to support itself. He noted that Greece had made a lot of progress …

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One-Stop Agency: Greece tries again to facilitate starting a business

For one more time, Greece tries to overcome bureaucracy and facilitate starting a business without having to go around through half of Attica prefecture if you’re an aspiring entrepreneur living in Athens. It is not the first time, Greece tries to make the life of business world easy. A couple …

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Floods in Zakynthos: Missing man found dead

Research for man who went missing in the floods of Zakynthos have been concluded with the worst possible way: the body of the 33-year-old man was found Sunday afternoon by locals. The body of the young man was found among the mud the waters had left behind, three kilometers away …

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Rainstorms flood Athens and Zakynthos, one man missing (picts, videos)

It’s short before midnight at the square of Dafni, a suburb in southern Athens. We are sitting outdoors in a cafe, sipping on our beer, trying to recover from the punch in the stomach after having watched Ken Loach’s social drama I, Daniel Blake. We cannot resist drawing the bureaucratic …

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