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Daily Archives: February 20, 2017

Athens Metro, Tram, Urban Train on 24h strike, Feb23/17

Workers at the Athens Metro, the Tram and the Urban train ISAP will launch a 24-hour strike on Thursday, February 23rd 2017. Workers oppose the legislation according to which the commercial use of stations and spaces of the Urban Rail Transport SA (STA.SY) will be given to the Public Bus …

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Greece’s public debt reached €326.358billion end of 2016

326.358 billion euros. Greece’s public debt reached 326.358 billion euros at the end of 2016 against €323.709 billion at the end of September in the same year. According to a statement issued by the Public Debt Management Agency on Monday, the cash available at 31. Dec 2016, amounted to 2,791 …

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German Minister: Greece should pledge Cash, Gold and Real Estate for new loans

New loans to Greece? Arch-conservative Germans have ideas…Yes, to new payments under conditions. What conditions? The usual conditions usually posed by loan sharks: Gold and Real Estate. Bavaria’s finance minister Markus Soeder (CSU) told the daily BILD that should Greece receive new aid payments then there should be new conditions: …

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Acropolis, archaeological sites closed due to guards’ 24h strike Feb 20/17

Hundreds of tourists from all over the world were deeply disappointed to see that the gate to Acropolis was closed on Monday. A 24-hour strike launched  by the state guards on February 20th 2017 has closed down the Acropolis and other archaeological sites across Greece. The guards called the strike …

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Regling: Greece may need less than originally planned ESM funds

As the government in Athens used only €32 billion from the €86 billion prepared by the European Stability Mechanism, with less than half the program until the end it is clear the final figure will be smaller than the maximum, said Klaus Regling, the facility’s managing director. German daily Bild quoted him …

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Greece goes to Eurogroup with ‘low’ to ‘moderate’ expectations

The Greek team goes to Eurogroup with anything but great expectations. The topic “Greece” is third on today’s agenda of the finance ministers of the eurozone.  Athens seeks a political solution to the Greek problem and anticipates the meeting between German Chancellor Angela Merkel with the managing director of the …

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Nuts in Chania: A dangerous ‘game’ with parked vehicles

Some people have apparently found a new weird hobby that not only angers the local community, it can also set lives at risk. Several such incidents have been recorded recently in the city of Chania on the island of Crete. The new hobby of a group of brainless and obviously …

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More than €4million in ‘kickbacks’ money returned to Greek state

More than four million euros in “kickbacks” money have been transferred to a bank account of the Greek government in January. The money is part of kickbacks paid for procurement of armament programs. Minister of Justice Stavros Kontonis said that the total amount of €4,313,675 has been transferred to the …

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IMF’s wrong forecasts increased Greece’s funding needs

The International Monetary Fund (IMF) has made serious mistakes in the first memorandum, noted the chairman of Attica Bank and Greece’s former representative to IMF Panagiotis Roumeliotis speaking to Athens Macedonian News Agency. “The wrong forecasts increased Greece’s funding needs” he said while referring to the second review he estimated …

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