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German FinMin: Greece’s repayment extension agreement maybe not sufficient

The March 11- agreement on loan repayment extension and interest rate reduction may not be enough to restore the economy of Greece, said German Finance Minister Wolfgang Schaeuble on Saturday. Speaking at a press conference in Codollo, Hungury after the Eurogroup finance ministers meeting Schaeuble stated that should Greece be unable to …

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Greek Grandpa’s Eastern PostCard Arrives 46 Years Later

 A post card with Eastern wishes sent from a Greek grandfather finally reached his grand daughter. 46 years later! Vasilia “Vas” Mazzotta was 13 and living with her parents in the USA when grandpa John sent her his Eastern wishes.  Mazotta The postcard was simply addressed to “Miss Vassoula Sitara” — …

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Athens: Two historical hospitals to suspend services

 Greece health condition is deteriorating. Life supporting organs collapse, the one after the other. The serum tubes dry up. As the patient dies, there seem to be no need for many hospitals. Aretaieion and Aiginiteion, two historical university hospitals in Athens downtown are reportedly to close down.  The managers of the …

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Turkish Bargain: Closure of NATO base for EU Full Membership

Turkey is a hard bargainer and would never give something for nothing. Even if it is something that it woun’t definetely wants. Ankara blackmails to give its to consent to the closure of NATO base in Izmir only in the context of trading full EU membership, a Turkish daily reported. A …

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Did you know Greek Post Office closes down branches?

I admit I didn’t know that. In fact I hadn’t even realized it as I personally haven’t took advantage of a post office services  for years – even in the years I was living abroad. But I took notice of this otherwise not known issue by reading a local newspaper. …

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Ireland and Greece will help to bail-out Portugal

That’s lovely and shows real solidarity among the impoverished  of the euro zone. After they got bailout themselves, Greece and Ireland are going to put on the counter their own part of their own bailout loan to bailout Portugal. Then Portugal, a country seeking now a €90 billion bailout, had …

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EU Council President to visit Greece, Apr 12

President of the European Council Herman Van Rompuy will pay an official visit to Greece on Tuesday, April 15. He will meet with Greece’s President Carolos Papoulias and  Prime Minister George Papandreou. There will be a press statement at 3:00 pm. Later Van Rumpuy will deliver a speech at the Hellenic …

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Eurogroup Juncker warns Greece over Control Spending

It looks as if Greece can not quite convince its lenders that the debt-driven country is adamant on proceed to control spending. Eurogrou-Chief Jean Claude Juncker warned Athens of the importance of spending control and said that “We reminded the Greek authorities that it is important to stick to the targets for …

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Greek MP’s reject Gambling Bill – ‘Bounty’ Mutiny or ‘Mars’ attack?

That was a noisy slap in the face of Finance Minister George Papaconstantinou and thus it came from his own governing party members. Papaconstantinou presented the Bill on Gambling  at the Greek Parliament on Thursday however he was forced to withdraw it after the strong reaction from PASOK lawmakers. Although …

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Dolphins Show suspended in Attica Zoo Park

The Dolphins’ Show at the Attica Zoo Park in Spata newa Athens has been suspended after an application for provisional measures submitted by the Ecologists Greens and animal loving citizens. The performance in the pool of the Zoo is temporary suspended and until an Athens court decides about the commercial exploitation of …

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CMA-report: Greece tops Debt Risk List 1Q 2011 – Again

Greece  is considered as the world’s most risky to default and tops again the CMA list of Sovereign Debt Risk Report with a 58% chance of a debt restructuring occurring within five years. The London-based CMA released Global Sovereign Credit Risk Report refers to the first Quarter of 2011. On the Top …

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ECB-Trichet Fails To Categorically Rule Out Greece Restructuring

European Central Bank President Jean-Claude Trichet failed to categorically rule out a restructuring of Greek debt down the road. Asked whether he was concerned Greece might not be able to tap the markets again next year and could face a risk of restructuring, Trichet said: “For me, we have a …

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J-C Trichet: Extrerminating the loan borrowers

Old chap Jean Claude Trichet, 69, long time French civil servant and President of European Central Bank, increased the interest rates to tame inflation within the eurozone. Interest rates went up by a quarter percentage point to 1.25 %.  Holders of loans  – credit cards, homes and whatever loans – will …

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How much austerity can we bear? Greece 2010 deficit at 10% (Reuters)

Save, Save, Save in a barrel with no bottom! Greece’s debt explodes, revenues  are not flowing, new budget deficits sprout every year. The wages and pensions cuts, the V.A.T. and taxes hikes made us poorer by 30-40% in 2010. Now new austerity measures will be added. Then the IMF/EU/ECB- representatives, currently …

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Working for the Municipality without contract? No problem in Greece…

How weird and twisted can Greece be? In the municipality of Trikala, central Greece, a young guy asked his salary for three months work. However it turned out the guy was working without contract at all! Most probably, he had got a ‘verbal contract’ by a smart municipality official to …

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IMF/EU/ECB-Troika’s non-stop pressure on Greek Government

New and inevitable measures are on the way and the IMF/EU/ECB control units are adamant to put pressure on the Greek government to speed up with necessary public spending cuts even blackmailing with the 5th tranche of the €110 bailout.   According to newspaper Proto Thema, the Troika tough guys …

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Greek Media on Strike, Apr 7-10

Greek media are on strike from April 7 to April 10. That is from Thursday 6:00 am until Monday 6:00 am there will be no news in television and radio. Sunday newspapers came out today, they will be on sale until April 10 and if you buy them on Sunday …

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Athens: Citizens jeer Deputy Prime Minister (videos)

The “Door-to-Door”, citizens’  movement found its way to Athens noble district Kolonaki where deputy prime minister Theodoros Pangalos has his political office. Armed with a huge teddy pig and megaphones a group of 30-40 senior Athenians started shouting slogans, that…. you don’t want me to translate them in English, do you? …

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Messolonghi: Locals jeer and boo Justice Minister (video)

Greeks are at the verge of nervous breakdown and do not hesitate to verbally attack government officials -preferably ministers – wherever they meet them. This time, angry lawyers had gathered to ‘welcome’ Justice Minister Xaris Kastanidis in the town of Messolonghi in West Greece.  Kastanidis climbed the long stairs of the local court …

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Thessaloniki: Police Station to be evicted

A police station in Thessaloniki has received the magic paperfor eviction. A police union representative was telling this morning on television – I don’t remember which channel – that the Ministry had asked a 20% rental decrease but the two-storey building owner did not accept. So the case landed in the …

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