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10
Jun

Germany trembles with Brexit-fear, has SPIEGEL beg “Please, Don’t Go!”

Posted by in Economy

Impressive! German weekly Der SPIEGEL appeals to Brits thirteen days before the Brexit Referendum. With a front page in English: “PLEASE DON’T GO! – Why Germany needs the British”  The special edition with the English title will be sold in in the UK at a reduced price of 2 BP […]





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10
Jun

Survey: Europeans disapprove the way EU deals with Economic & Refugees crisis

Posted by in Politics

Two weeks before the Brexit Referendum and support for the European Union has fallen across Europe. A survey by the Pew Research Center suggests that support for the European Union has fallen in several EU states. In Germany, the EU’s popularity has fallen eight points to 50 percent in just […]





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10
Jun

EWG, Germany approve €7.5bn bailout tranche for Greece

Posted by in Economy

All prior action demanded from Greece have been fulfilled. The Euro Working Group gave the green light for the disbursement of the €7.5billion bailout tranche form the European Stability Mechanism on Thursday evening. The Budget Committee of the German Bundestag approved the disbursement on Friday morning. According to Reuters, the […]





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9
Jun

Driver burns in his car on Athens Highway – “Victim was well-known publisher”

Posted by in Society

A car caught fire on the Attika Highway in Athens on Thursday afternoon and the driver was trapped in the car thus burning alive. The accident occurred 10 minutes before 3 pm on the road track to Elefsina and short before the Athens Exit. According to preliminary information, the car, […]





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9
Jun

ECB’s Draghi calls on Eurozone-members to proceed with “structural reforms”

Posted by in Economy

President of the European Central Bank, Mario Drahi, called for structural reform of the Eurozone and called on the 19 members to proceeded with them as soon as possible. The cost of delaying structural reforms is “too high, by hurting labor and productivity that reduces economic potential in the long […]





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8
Jun

Kammenos to lease all properties of Greece’s Defense Ministry for 50-99 years

Posted by in Economy

I can’t help to reckon an old Greek sales slogan: “The boss went nuts!” Retailers used it when they offered their products at ridiculously low prices. Of course, I don;t want to imply that Greece’s Defense Minister Panos Kammenos will offer all properties of the Ministry – estimated worth €35 […]





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8
Jun

Germany postpones decision on bailout tranche, Greece’s gov’t reacts

Posted by in Economy

The Budget Committee of German Parliament (Bundestag) postponed the decision for the release of the bailout tranche for Greece. on Wednesday. “We have not released yet the istallment of the next bailout tranche as the implementation of a small remnant of the agreed measures by the Greek Government is still […]





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8
Jun

Greek FinMin: Once QE for Greek bonds, Grexit will be off the table

Posted by in Economy

Greek bonds will soon become eligible for the European Central Bank’s asset-purchase program, paving the way for an easing of capital controls, and the gradual recovery of investor confidence, Finance Minister Euclid Tsakalotos said. In an interview to Bloomberg, the Greek Finance Minister said also that once Greece is part […]





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8
Jun

Greece’s young employees (18-29) earn less than €500/month

Posted by in Society

Almost half of young employees between 18 and 29 years old earn less than €500 net per month despite the laws for over 25 saying otherwise. In a survey conducted by human resources and job seekers website kariera.gr among 5,208 respondents aged 18-35, students and University/technical college graduates the results […]





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7
Jun

Summer storm hits Athens, has fire brigades mobilized to pump water

Posted by in weather

While Athenians enjoyed Sunday at the beach, they didn’t have to take a long ride on Tuesday. Streets turned into rivers and lakes after a strong summer storm hit the prefecture of Attica, especially the areas in the North. While the sun was shining bright in the morning towards noon, […]





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7
Jun

Gov’t considers Referendum on Constitutional Reform & new election law

Posted by in Politics

Greek government is considering to have the Greeks vote for the upcoming constitutional reforms and the new elections law. Spokeswoman Olga Gerovasili told reporters today that the government intends to have a broad dialogue with political parties and the society on “these radical changes needed in our political system.” Asked […]





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7
Jun

Athens: Man shot in mafia style operation in Exarchia dies in hospital

Posted by in Very Mix

A man was shot in the middle of the day in Exarchia neighborhood in downtown Athens, just 100 meters away from the famous square full of cafes and restaurants. The incident took place at 11:30 am, when two assailants on a motorcycle started shooting at the man. After firing 5-6 […]





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7
Jun

EU Court of Justice rules: illegal migrants cannot be jailed for solely entering an EU country “illegally”

Posted by in Politics

The European Court of Justice ruled that a national of a non-EU country who has not yet been subject to the return procedure cannot being imprisoned solely because he or she has entered the territory of a member state illegally across an internal border of the Schengen area. This is […]





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7
Jun

Lenders’ Water Torture: Two Privatization issues delay Greece’s Program Review & bailout tranche

Posted by in Economy

Greece and lenders are just a couple of steps away to conclude the Greek Program Review and have the 7.5-billion euro bailout tranche arrive in Athens and from there have 90% of the loan turn back to lenders. The Euro Working Group did not close the Review yesterday, Monday, but […]





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6
Jun

Greece’s new development law: 12 fixed tax rate for €20mn investment creating 2 work places

Posted by in Economy

Someone has to explain this to me how is it possible to invest with almost no capital and get awarded. Economy Minister Giorgos Stathakis presented today Greece’s new development law 2016-2020. He said nice things about how debt-ridden and liquidity-short economy would grow. A key pillar of the new development […]





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6
Jun

Garbage bins on fire, tents burned down in refugee camp: Protest or scuffle?

Posted by in Very Mix

protesters in Souda refugee camp on the island of Chios have reportedly set garbage bins on fire on Monday afternoon. The fire spread around and caused damage and panic. Burned to a big extend are two tents belonging to the UN High Commission for Refugees and to non-governmental organizations operating […]





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6
Jun

Cham Albanians protest visit of Greek FM Kotzias in Tirana (video)

Posted by in Politics

It was anything but a warm welcome. Hundreds of Chams Albanian had gathered outside the Foreign Ministry in Tirana to protest the visit of Greek Foreign minister Nikos Kotzias. Holding banners and chanting slogans “Chameria, our mother, wait for us,” and “get rid of the belligerent,” the protesters reportedly even […]





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6
Jun

Public hospital overcomes material shortage via “donations” to be used “for donors only”

Posted by in Society

Inspector units from the Ministry of Health paid a visit to AHEPA university hospital on Monday. It wasn’t a routine or courtesy visit. A prosecutor had ordered an investigation in the practices of the hospital in Thessaloniki and is awaiting the inspectors’ results. Workers at the biggest hospital of Northern […]





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3
Jun

Commission wants “immunity” for EU technocrats at Privatization Fund, as charges raised against six HRADF-members

Posted by in Politics

The European Commission directly intervened in the work of the Greek Justice and demanded that EU technocrats working at the Greek Privatization Fund enjoy “immunity.” The EC intervenes two days after corruption prosecutors in Athens raised charges against 3 Greeks and 3 EU-nationals of the HRADF for selling public assets thus […]





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3
Jun

26million drug pills aimed for jihadists seized in port of Piraeus

Posted by in Very Mix

A joint operation between Greek authorities and USA Drug Enforcement Agency (DEA) led to a real catch: 26 million drug pills estimated worth 13 million euro were found in a cargo ship hidden among loads of towels and table clothes. The cargo ship had left a port in India and […]





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