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Tag Archives: cut

Public outcry forces PPC to reconnect power to lung-patient

It needed the media intervention for Greece’s Public Power Corporation to show a humane face. An exclusive report of local media Lamianow on Friday afternoon was reproduced by hundreds of local and national media, news websites and blogs and exposed the merciless power supply cut to a poor household thus …

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Ghost of Christmas Present: PPC cuts power to mother of four

Ignorance? Want? Ugly, mean and greedy little creatures? That was in mid-Victorian England and in Charles Dickens’ A Christmas Carol.  In the novel that has touched millions people ever since it was first published in 1843, ‘the two emaciated children” grow up to be adults, Ignorance as adult man in …

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Debt cut for Greece not on the agenda for now, says Schaeuble

Greece must press ahead with implementing its reforms-for-aid program and become more competitive, German Finance Minister Wolfgang Schaeuble was quoted as saying, adding that debt relief for Athens was “currently” not on the agenda. Euro zone finance ministers and the International Monetary Fund reached an agreement on Greece in June, …

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EU cuts Greece growth forecast, blames the country for review delay

The European Union has sharply cut the growth forecast for Greece on Thursday, sparking worries that the long delay in the second review of the third bailout program was damaging the economy. European lenders are in a row the International Monetary Fund over the sustainability of the Greek debt. The …

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EU Commission to cut growth forecast for Greece, closer to IMF projection

The European Commission will revise down its growth forecast for Greece this year to around 2% from a previous 2.7%, an EU official said today. The revision – which brings the Commission closer to International Monetary Find projections – is likely to increase pressure on Greek politicians to adopt a reform …

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Lamia: Man cuts his wrists inside Social Security Fund

Panic in the Social Security Fund for Self-Employed (OAEE) on Tueaday  morning in Lamia, Central Greece. After an argument with an employee, a desperate man used a pocketknife and cut the veins on the wrist of his left hand. Blood started to flow, screams, panic. An ambulance took the man …

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Greece’s labor market: “Galley conditions” as unemployment still at 24.2% and minimum wage is going down

I read today that unemployment in Greece dropped down to 24.2% in February 2016. In comparison, general unemployment was at 24.4% in January 2016 and 25.8% in February 2015. That’s definitely good news even though I am not sure about the correspondence of real people to a percentage difference of …

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“Heating allowance”: Austerity mind-set thinks poor Greeks freeze less in the South

This year’s ‘heating allowance’ for the poor and the needy will be cut by 50%. The total amount from the state budget will drop from €210 million last winter down to just €105 million. Blame the austerity, the bailout programs, the prior actions  and the shortage of liquidity. In the …

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EU Commission stopped funds for Greece’s ERASMUS program?

That’s an interesting development in the context of the negotiations between Greece and its creditors, one of them being the European Commission. While there are several hints* that the EC is deliberately cutting the flow of structural funds to Greece. The news comes from Italy and thus from the official …

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Greek Parliament cuts state funding to Golden Dawn

With overwhelming majority of 241 lawmakers, Greek parliament voted in favor of cutting state funding to Golden Dawn. Party leader Nikos Michaloliakos and two MPs remand custody and two other were released on bail, are facing charges of forming a criminal organization. The voting was referring to suspension of the …

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