Tuesday , March 28 2017

Recent News

One Year SYRIZA governance: Tsipras grows up but society cannot wait

SYRIZA celebrates one year in power. SYRIZA finds itself confronted with almost the whole of Greek professionals who are on the streets and highways to protest the upcoming hikes in social security contributions and the pensions reform. The farmers lead the protests followed by lawyers, doctors and engineers. Also winemakers …

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ESM Regling prepares ground for new loan: “Sooner or later Greek govt will be out of liquidity”

Odd. It’s normally German Finance Minister Wolfgang Schaeuble who ‘announces’ plans for new Greek programs and additional loans. Apparently, this time, the Germans made an arrangement among themselves: That ESM chief, German Klaus Regling will bring the bad news. It’s logical, as Schaeuble tries to topple Chancellor Merkel and cannot …

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Surprise! Standard&Poor’s upgrades Greece by one notch to B-

Standard and Poor’s ratings agency has upgraded Greece’s credit rating by one notch to B- saying the country seems to be broadly complying with the terms of its latest international bailout. Nevertheless, the financially troubled country’s rating remains well within the junk, or non-investment-grade, territory. S&P said Friday that Greece’s …

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EP sets up working group to scrutinize Greece’s adjustment program

And Greece’s auditors, the Quadriga becomes…Quinquatria. The leaders in the European Parliament have today approved a proposal by the Liberal and Democrat Group to monitor and scrutinize the implementation of macroeconomic adjustment programmes in countries such as Greece. According to a press release, the Parliament’s Economic and Monetary Affairs Committee …

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Mass Protest against Greek Pensions Reform, lawyers hand their ties outside Parliament

Thousands of self-employed took to the streets of Athens on Thursday morning to protest the Greek Pension Reforms. Layers, doctors, engineers, pharmacists, notaries, accountants, young scientists and other self-employed professionals  move to downtown Athens to express their opposition against a s0-called Reform that will swallow up to 80% of their …

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Greece still a popular holiday destination despite economic crisis

Greece remains a popular holiday destination despite the economic crisis. At least, among British travelers. According to a recent survey, 66% of the respondents consider Greece as a safe destination. And half of British travelers over 60 said that they would be happy to travel to Greece and thus “independently …

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Survey: 3 in 10 Greeks cannot afford heating or hot water

Residents in several underprivileged suburbs of Athens and Piraeus have seen their economic situation to have dramatically deteriorate and consequently also their living standards. According to a survey conducted by the Greek Ombudsman: one in five residents seeks soup kitchens and social groceries in order to get food. Three in …

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Pressure in Davos: Reports claim Schaeuble wants Grexit debate in 2016

A storm is brewing over Greeks’ heads with German Finance Minister Wolfgang Schaeuble to insist on Grexit? According to Wall Street Journal, Greek Prime Minister Alexis Tsipras is trying his best to avert a fresh confrontation over Greece’s bailout, the country’s broken finances and the participation of the International Monetary …

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