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20
Feb

IMF’s wrong forecasts increased Greece’s funding needs

Posted by in Economy

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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19
Feb

Schaeuble: “I have never made Grexit threats”

Posted by in Economy

German Finance Minister Wolfgang Schaeuble denied on Sunday that he had said Greece would have to leave the eurozone if it failed to implement economic reforms. In an ARD television interview, Schaeuble that Greece would not have problems if it implemented agreed reforms, but would if it fails to carry […]





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19
Feb

UPD “Carnivalists” attack SYRIZA HQ in Athens, one injured

Posted by in Politics

Wearing carnival masks, a group of some thirty people hurled molotov cocktail bombs at the headquarters of Greece’s ruling party left-wing SYRIZA at Koumoundourou Square in downtown Athens on Sunday. One police officer was injured. According to police, the group threw to or three petrol bombs that caused damages  to […]





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19
Feb

Greek actor threatens to commit suicide if his pension undergo further cuts

Posted by in Society

Greek Actor Dinos Karydis warned that he would committee suicide, should his pension undergo further cuts. On his social media accounts on Facebook and Twitter, Karydis uploaded a macabre picture of himself lying on a bed and looking like sleeping or unconscious. He wrote: “If my pension undergoes further gut […]





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19
Feb

“Tsim Booky” : Australians angry at Greek cab driver

Posted by in Society

While thousands of tax drivers protested in Melbourne the government plans to buyback tax licenses, one cabbie decided it was a good time to prank two Australian television networks. The cab driver of Greek origin told the TV reporters that his name was “Tsim Booky”. And so he was presented […]





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18
Feb

Merkel: The Euro is too low for Germany

Posted by in Economy

German Chancellor Angela Merkel suggested on Saturday that the euro was too low for Germany but made clear that Berlin had no power to address this “problem” because monetary policy was set by the independent European Central Bank. Merkel made her remarks at the Munich Security Conference as U.S. Vice […]





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18
Feb

Special consumption fees bring back Inflation

Posted by in Economy

Special consumption fees imposed on fuel, coffee, tobacco products and telecommunications beginning of the year skyrocketed consumer prices and led to the inevitable: inflation. According to Greek Statistics Authority ELSTAT inflation reached 1.5% in January from 0.3% in December. ‘This is almost a five-year high and above market expectations that […]





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17
Feb

Der Spiegel: IMF will participate with €5bn in Greece’s program

Posted by in Economy

The International Monetary Fund is likely to contribute up to 5 billion euros to the third bailout package for Greece, German magazine Der Spiegel said in an unsourced report published on Friday. It said European lenders were now expecting a sum of this size after originally having hoped for 16 […]





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17
Feb

Greek reporter makes racist remark against NBA Star Giannis Antetokounmpo (video)

Posted by in Sports

Professional basketball player Giannis Antetokounmpo, the Greek Freak, has been often targeted by racists. The latest incident occurred two two days ago in New Orleans, when a Greek journalist asked coach Steve Kerr at a press conference whether the Milwaukee Bucks star was a “Black Greek.” Golden Golden State Warriors […]





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17
Feb

Weather: UK competes Greece with temperatures up to 17C

Posted by in weather

What? Whether in UK will be warmer than in Greece? Temperatures are set to hit highs of 17 degrees Celsius in UK, while they hardly reach 14-16 C in Greece? Temperatures in UK will reportedly be hotter than in Greece or even Dubai. Are we serious? Seriously! UK’s Meteorology Office […]





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17
Feb

Greece Joker lottery: €16.4millions go to …Cyprus

Posted by in Society

The super winner of Greece’s Joker lottery is not even in Greece. The lottery ticket with the lucky numbers 9, 11, 33, 43, 44 and Joker 13 was checked in Limassol in Cyprus. Sixteen point four million euros go overseas. Two more lucky tickets containing five winning numbers without the […]





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17
Feb

Greek Feta lost PDO status in CETA free trade deal EU-Canada

Posted by in Economy

Greece’s dairy producers reacted angrily to reports that Greek feta cheese is no longer on the list of Protected Designations of Origin (PDO) in the Comprehensive Economic Trade Agreemetn (CETA) between the European Union and Canada, The Federation of Greek Dairy Products Industries (SEVGAP) described the development as “scandalous”and warned […]





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17
Feb

Greece’s Labor minister tells Lagarde “No further pension cuts” via FT

Posted by in Economy

Greek Minister of Labour, Social Security and Social Solidarity, Effie Achtsioglou sent an open letter to Managing Director of the International Monetary Fund, Christine Lagarde, about the state of pensions in Greece. We do not accept further pension cuts was the message Greece sent to the IMF. In her letter […]





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17
Feb

Farmakonisi: Turkish gunboat fires live ammunition shots in Greece’ waters

Posted by in Turkey-GR

A gunboat of the Turkish Navy violated Greece’s territorial waters and conducted shots with live ammunition near the islet of Farmakonisi in eastern Aegean Sea. The violation occurred on Friday morning and lasted two hours. Prior to the exercise, the Turkish general staff had issued a warning (NAVTEX) for sailors […]





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16
Feb

Tsiknopempti: The day Greece is covered with smoke

Posted by in Culture

“I had no idea about the tradition until a neighbor pressed two sausages in my hands once and told me to fry them because it was good.” Nadia is a 45-year-old woman from Albania who lives in our neighborhood for the last twelve years. Although she is a Christian by […]





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16
Feb

Moscovici promises Greece “lighter austerity measures”

Posted by in Economy

EU Commissioner for Economic and Monetary Affairs, Pierre Moscovici, paid a short visit to Athens on Wednesday. Moscovici came to Athens to receive the title of  Honorary Doctor from the Athens University. However, he used the opportunity for a meeting with Greek Prime Minister Alexis Tsipras. “Greek agreement is necessary […]





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16
Feb

“Bank run” under Capital Controls: Greeks withdraw €2.5bn in 45 days

Posted by in Economy

Delays in the talks between Greece and its lenders have brought back the ghost of Grexit.  The grave disagreement between the International Monetary Fund and the European lenders, Grexit bombshell flying around and Greece’s reluctance to accept additional austerity measures have increase uncertainty among citizens – for one more time. […]





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16
Feb

Gucci denies it offered to pay Greece €56m for Acropolis Fashion show

Posted by in Culture

Italian luxury fashion house Gucci denied on Wednesday reports published in Greek media and “La Repubblica” that it offered to pay Greece’s ministry of culture 56 million euros for a fashion project on the Acropolis Hill in Athens. “The published speculation regarding the supposed economic proposal, direct or indirect, is […]





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15
Feb

IMF chief economist Blanchard warned in May 2010 Greece program was not going to work

Posted by in Economy

A report by Olivier Blanchard, a former economic at the International Monetary Fund, has been presented at a meeting organized by the Canadian think tank Centre for International Governance Innovation end of January. In this report,  dated 4. May 2010, then chief economist at the IMF, Olivier Blanchard was warning […]





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15
Feb

Graffiti vandals attack and injure professor at Panteion University

Posted by in Society

Unknown attackers beat Angelos Syrigos , Professor for International and Regional Studies at Panteion University and Secretary General of Population and Social Cohesion, and sent him to the hospital. Syrigos was kicked and beaten by three unknown perpetrators inside the premises of the Panteion University in Neos Kosmos suburb of […]





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