Saturday , October 20 2018

Recent News

500K Greeks Have Zero-Income in First Half of 2011

The figures are merciless: 500,000 households in Greece have zero-income, as there is no household member with a work.  If you take into consideration that these data is based on employees only and do not include the self-employees, the reality must be much worst. The report prepared by the Bank …

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Troika-EU Repr. Kröger: Portugese Are Better than Greeks!?

Apparently, debt-ridden and well-behaved Portuguese are better than broke and defiant Greeks. In fact, “Portuguese are good and Greeks  are …bad (?)” if we want to believe German Juergen Kroeger, EU representative of the Troika group supervising the bailout package in  Portugal. This sentence from Kroeger angered the journalists in Portugal …

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Samaras Sends Letter with Signature to Greece’s Lenders

Greek provisional coalition government partner, Antonis Samaras, the leader of conservative New Democracy, had to bow to the blackmailing of Eurogroup Juncker and Germany’s Merkel “Sign or No 6th aid tranche”. Samaras had to sit down and write a letter of commitment to the October 26th loan agreement. At the end of …

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FT: Venizelos Worst FinMin Within Eurozone

British newspaper Financial Times elected Greek Finance Minister Evangelos Venizelos as the worst minister for finance in Europe for 2011. Venizelos got the worst rating in terms of political ability, economic performance and credibility in the markets.  The ranking, coloured by the Eurozone crisis and the unsolved problems of the …

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Greek FinMin: Delay of 6th Aid Tranche & PSI, Will Delay Elections Too

Delaying in the release of the sixth aid tranche and the PSI negotiations will delay the elections as well, Greek Finance Minister Evangelos Venizelos told the parliamentary economic committee  of PASOK. “February 19th is a ‘conventional’ date” stressed Venizelos. The new transition coalition government partners had agreed on early election to …

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Ex-SDOE Chief To Testify in Case of Not-Collection of Fines for Illegal Fuel Trading

Ioannis Kapaeleris, former head of financial crimes units (SDOE) and current General Secretary at the Greek Finance Ministry is going to testify in front of a prosecutor and give exmplanations in the case of not collecting fines for illegal fuel trading. On the status of ‘suspect’ Kapeleris will visit the Deputy Public Prosecutor in …

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Do I live in Greece or in Kafka’s Castle?

I am clueless. I simply can’t decide whether it’s a kind of  limited brain capacity on my side, whether Greek journalism is bad or whether I live in a country that resembles a crazy house. A storm of circulars, amendments, back doors and exemptions, and new cuts in the welfare state have been …

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“Sign Now!” Eurogroup Juncker Sends Ultimatum to Greek Politicians

Eurogroup chief jean-Claude Juncker sent an ultimatum to Greek politicians demanding to sign and send the paper of consent until next Tuesday, November 29th/2011, when the finance ministers of the Euro zone will meet to decide on the sixth aid tranche to Greece. Juncker’s ultimatum was officially spelled out during …

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Rethymnon: School Children Attend Classes in a …Church

You have to live in Greece to have an insight picture of what exactly going on here with a state unable to pay its duties. Three months after the beginning of the school year and elementary school children Gerani Rethymno still doing course on “borrowed” spaces, which have been converted …

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