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27
Aug

Varoufakis to launch pan-European anti-austerity movement and political party

Posted by in Politics

Varoufakis’ fans get ready! The ex finance minister is preparing to launch a European movement that will develop into a political party. Yanis Varoufakis will push for a Pan-Εuropean network for fight austerity. Instead of running for the upcoming elections, he will put his energy into political action on European […]





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26
Aug

Greece misses €3.46bn in tax revenues, Greeks will have to pay €20bn by end of 2015

Posted by in Economy

These are difficult times for state revenues. Greece’s government managed to raise only 22.3 billion euro in the seven months it was in power. The goal was €25.772 billion, and now the gap amounts €3.46 billion. Even the revised target of Primary Deficit of 0.25% for 2015 – as it […]





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25
Aug

Wealthy debtors don’t pay for electricity, but the “little Greeks” can live in the dark for several months

Posted by in Society

An unidentified number of Greeks seem to suffer from heavy deficiency of “collective consciousness“.  They absolutely refuse to share common beliefs and moral attitudes which usually operate as a unifying force within a society, especially in times of a crisis, and it is often expressed in form of solidarity. I […]





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25
Aug

Greeks suffered wages losses of -28.16% from 2010 to 2015

Posted by in Economy

Five years of loan agreements, memoranda of understanding, austerity measures and internal devaluation. And here is the bill for Greece’s employees: a decrease of 28.16% within five years. According to data from the Hellenic Statistical Authority (ELSTAT) salaries were cut by 28.16% in the period of the first memorandum of […]





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24
Aug

Greece’s newborn babies to get Tax Identification Number as of 1.1.2016

Posted by in Economy

Awa! So cute! As long as a newborn will let its first scream and take a deep breath of tax-evasion-free Greek air, it will get a Tax Identification Number (AFM).  The AFM-number is necessary, for the case, the newborn Greek -who may look innocent and guileless today – turns into […]





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24
Aug

Shock in Greek Armed Forces: Three suicides in less than a month

Posted by in Very Mix

Greece’s Armed Forces are in shock. A non-commissioned officer of the Land Forces was found dead in his home on Monday morning. According to a statement of the Land Forces General Stab, the 44-year-old lieutenant was ‘fatally wounded at 2 am’ on Monday. “The causes of his death are being […]





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24
Aug

Greece’s politicians are wasting time trying to avoid early elections

Posted by in Politics

After three days of ‘exploring options to form a new coalition government with other political parties, leader of conservative New Democracy Vaggelis Meimarakis returned the mandate to the President of the Republic. “I really do not understand, why we have to go to early elections,” Meimarakis told reporters on Monday […]





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21
Aug

SYRIZA split: Left Platform to run for elections, it may even claim mandate to negotiate for a new Greek govenrment

Posted by in Politics

Twenty five SYRIZA lawmakers mainly from Left Platform of former Energy Minister Panagiotis Lafazanis split from the party Tsipras’ party on Friday morning and formed their own independent group with the name “Popular Unity”. The anti-Memorandum party will run for the elections called on Thursday after Prime Minister Alexis Tsipras […]





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20
Aug

UPD PM Tsipras’ resigned – Early elections on 20. or 13. Sept 2015

Posted by in Politics

Greek Prime Minister Alexis Tsipras is expected to hand in his resignation to the President of the Republic later today. Most probably before his meeting with the President, Tsipras will address the nation at 8 pm and explain to the people why he is taking the country to early elections […]





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20
Aug

UPD Greece’s biggest pensions fund IKA stops issuing new pensions for those below 67 and thus retrospective 1.1.2015

Posted by in Society

Greece’s biggest insurance fund for the private sector IKA has apparently stopped issuing pensions due to retirement age, invalidity or death for all those below 67 years of age or for those with less than 4,500 working stamps. According to an exclusive story of daily Eleftheros Typos, IKA will not […]





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20
Aug

ESM’s 3. bailout money comes to Greece & is immediately forwarded to repay debts

Posted by in Economy

Efforts, compromise and total surrender to creditors brought fruits: The European Stability Mechanism approved the financial assistance for Greece on Wednesday,, the first disbursement of the first tranche arrived on Thursday and it was directly forwarded to the European Central Bank for the payment of 3.2 billion euro maturing today. […]





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19
Aug

German MPs approve 3. bailout for Greece; Schaeuble, Merkel in “One picture worth a thousand words” snapshot

Posted by in Economy

With an overwhelming majority the German Parliament (Bundestag) approved the 3. bailout aid for Greece. 454 German lawmakers voted in favor of the bailout, 113 against and there were 18 abstentions. Finance Minister Wolfgang Schaeuble defended the 3. bailout for Greece telling his colleagues among others: – It would be […]





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19
Aug

FRAPORT sees €1.23bn offer for privatization of Greece’s regional airports as “basis for negotiations” (!!!)

Posted by in Economy

Yesterday, we “celebrated” the Greek government decision to seal the deal and give the privatization of the country’s top 14 regional airports to German-Greek consortium Fraport-Slentel. Yesterday, we welcomed German state-run enterprise FRAPORT for ‘helping  Greece’ as some German media underlined. Today, FRAPORT seems to reconsider the offer it made […]





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19
Aug

Bypassing Capital Controls: 1,000 Bitcoin ATMs to be installed in Greece

Posted by in Economy

Have you lost trust to Greek banks? Do you hate the Euro? Do you feel the capital controls restrict your business and private activities?No problem. There are alternatives. The Bitcoins, for example, the web-based digital currency. In order to facilitate business activities free of capital controls and the €uro and […]





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19
Aug

Greece’s banks & ECB: Liquidity rises, ELA falls

Posted by in Economy

All Greek banks were needed was another bailout and capital controls. Both needs have been satisfied and now their liquidity has improved.  Therefore the Bank of Greece requested the European Central Bank to lower the Emergency Liquidity Assistance (ELA). The European Central Bank lowered on Tuesday the ceiling for emergency […]





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18
Aug

Schaeuble: Greece’s choice to exit the eurozone, a 4.bailout can’t be completely ruled out in the future

Posted by in Economy

A few hours before the German Bundestag votes for the 3. bailout package for Greece, Finance Minister Wolfgang Schäuble (CDU) went to state broadcaster ZDF and campaigned in favor of the so-called “new aid package” for the debt-ridden country. He told the German public and his fellow lawmakers, that he […]





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18
Aug

German FRAPORT wins bid for Greece’s 14 top regional airports

Posted by in Economy

Who would have though! A German company, airport operator FRAPORT won the bid to operate and maintain 14 regional airports, considered to be top of the top in Greece. With an offer of 1.23 billion euro, the consortium of Fraport -Slentel (a unit of Greek energy group Copelouzos) won the […]





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17
Aug

Greece’s 3. bailout: Dramatic decreases in pensions and welfare benefits

Posted by in Society

How did German Finance Minister Wolfgang Schaeuble say it exactly? “The deal is a good thing and a chance for Greece.” While everybody can assume what Schaueble considered as “good” with Greece’s creditors in his mind, the same “everybody” can assume that if it is good for Greece the country, […]





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17
Aug

Greece writes off debts to state and banks up to €20,000

Posted by in Society

Greece will write off debts up to 20,000 euro to tax office, insurance funds but also consumer loans and credit cards to the banks. The measure targets the debt relief of allegedly some 35,000 people and the criteria are very strict: absolute poverty, not possession of property, no income at […]





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14
Aug

Greece’s Parliament approves 3. bailout – Tsipras to seek vote of confidence as SYRIZA suffers losses

Posted by in Politics

Bill passed, SYRIZA suffers defeat and thus by its own lawmakers. With 222 YES votes the Greek Parliament approved the 3. bailout bill on Friday morning.  64 MPs voted NO and 11 Abstained. With 42 SYRIZA MPs to have voted NO or “Present”, the the major coalition government partner suffered […]





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