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10
Aug

Study: Germany made €100bn profit on Greek crisis

Posted by in Economy

What? I don’t believe it! Rea-lly? Germany made a 100 billion euro profit on Greek crisis? No, kidding? HA! And yes, so it is! A study conducted by a German Economic Institute has shown that every time investors got bad news about Greece, they rushed to Germany’s ‘safe haven’ with […]





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10
Aug

Kos: Policeman brandishes knife, slaps migrant waiting for paper (pict, video)

Posted by in Society

A Greek policeman was caught on camera slapping a migrant while brandishing a knife, on the island of Kos. The policeman was in charge of new arrivals, while the migrants were forming queues outside the administration building in order to check lists of names eligible for travel documents. Associated Press […]





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10
Aug

TILT! Germany lost the ball and demanded “Greece to solve its refugee problem first, before 3. bailout agreed”

Posted by in Politics

In pinball, the term TILT stands for GAME OVER! Germany lost the pinball and tilted. Berlin run out of ideas as to what preconditions it can ask from Greece to undermine or better ‘boycott’ the 3. bailout package. And it came with the total absurdity. It connected the Refugee’s problem […]





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10
Aug

Greece’s govt trades “Beef-VAT” for “Private Education” and “All-Day Schools” for “Teachers Hiring”

Posted by in Economy

We normally call it a “horse trading”. But Greece makes the usual exception to the rule and invents a new term: The Beef Trading. In the hard and shrewd bargaining  with creditors, the Greek government achieved to lower the Value Added Tax of 23% to beef and beef products and […]





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8
Aug

Knossos archaeological site: Souvenir sales without receipt; Greece’s Culture Ministry orders probe

Posted by in Economy

That’s a true LOL story Made in Greece! The Culture Ministry has been systematically evading taxes for years or even decades or better say: state institutions have been depriving  the state from tax revenues. The incredible tax evasion was revealed at the museum of the the archaeological site of Knossos […]





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7
Aug

V.A.T. absurdity in Greece: Why has Parsley 13% and Basil 23%?

Posted by in Economy

Now I am really angry! My face has turned red and grey smoke comes out of my ears and nostrils. My blood pressure has skyrocketed and I walk up and down in my flat like a maniac. I am about to explode – literally. But before that, I plan a […]





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7
Aug

Prosecutor investigates “violations of capital controls” by citizens & politicians

Posted by in Economy

Greece is full of many little “cunning Odysseus” who manage everything once they have the right connections, are in the right position at the right time. Allegedly, they can even violate the capital controls and send money abroad or withdraw large sums from the banks despite bank holidays and other […]





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6
Aug

Greece’s Health Minister to ‘charge’ cancer patients with 50% of treatment cost if they fail to undergo precautionary tests

Posted by in Society

It is a well-know neo-liberal policy: health issues lay in the responsibility of the patient. It is also a well-known fact that cuts in the health sector are top priority not only of the International Monetary Fund but of every government in every country  that imposes austerity measures – see […]





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3
Aug

My Big Fat Greek Funeral: SYRIZA, 3. bailout and capital controls

Posted by in Editor

I am speechless. Not since yesterday or last week. I have been speechless since July 13th when the Greek left-wing coalition government agreed to burden the country and the people with a new loan, the third bailout for Greece since 2010 together with the strictest austerity program ever. I have […]





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3
Aug

D-Day for Athens Stock Exchange: reopens with -22.87% after 5 weeks

Posted by in Economy

Investors and Traders! Ready! Go! After more 25 days of being ‘unplugged’, Athens Stock Exchange opened at 10:30 a.m. on Monday, in one of the most critical sessions in the history of the ASE. A mini-crash is expected. By 10:35 am, the General Index was down by -22.87%. Starting point […]





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31
Jul

Lagarde-List: Prosecutor summons ex PM Samaras’ aide over alleged €5.5million on HSCB bank

Posted by in Politics

“I wish we had ten Papastavrou!” It was former Prime Minister Antonis Samaras who had praised the morals of his close aide Stavros Papastravou, a lawyer consultant at the Prime Ministry, during a speech in the Greek Parliament. Now, one of the ‘ten’ the real Stavros Papastavrou has been summoned […]





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31
Jul

Athens Stocks Exchange to reopen Monday, August 3rd

Posted by in Economy

Short after  3 pm on Friday, the Bank of Greece and the Hellenic Capital Market Commission sent their recommendations for the reopening of the Athens stock Exchange to the Finance ministry. Euclid Tsakalotos is expected to sign today the relevant decree so that investors in Greece and abroad are analytically […]





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31
Jul

PM Tsipras: I ordered Varoufakis to prepare a contingency plan

Posted by in Economy

Prime Minister Alexis Tsipras gave full coverage to former Finance Minister Yanis Varoufakis and said that he ordered the ex FinMin to work out an emergency  contingency plan but not a Grexit plan. Speaking to the Greek Parliament after a question posed by PASOK leader Fofi Gennimatas, Tsipras said among […]





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30
Jul

Velculescu in Athens, but IMF insists: No funding for 3. bailout without debt relief

Posted by in Economy

Delia Velculescu, the new representative of International Monetary Fund in Greece, arrived in Athens Thursday afternoon with her luggage full of austerity measures: cuts in main and supplementary pensions, cuts in civil servants’ wages, ‘cuts’ in early retirement. Velculescu will start her meetings with Greece’s financial ministry team to whom […]





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