Thursday , August 11 2022

Recent News

Juncker: Greek Debt Sustainable / Next Euro-Group Meeting, July 3rd

Eurogroup President Jean-Claude Juncker announced an extraordinary Eurogroup meeting on Greece on July 3rd, 2011. Speaking to journalists after conclusion of the works of Euro zone finance Ministers in Luxembourg, Juncker expressed the hope that “until that date the Greek Parliament will have adopt the Mid-Term Austerity Package.” He stressed that …

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Euro-Crisis: It’s all Greek to you…

…but it’s Chinese to me! Then for us, Greeks, the idiom “It’s all Greek to me” makes really no sense. However, whether in Chinese or in Greek, the Greek crisis makes no more sense to anybody. The Eurogroup in Luxembroug postponed its decision to release the 5th tranche of 12 billion …

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(Upd) Electricity Cuts Across Greece Due to GENOP-DEH Strike

 Households and shops across Greece will be paralyzed with electricity cuts as the labour union GENOP of the electricity company DEH launches repeated 48-hours strikes as of midnight June 19/20. The strikes will have direct impact on everyday life as the company management will apply electricity cuts lasting several hours in order to avoid the total …

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DER SPIEGEL: The Euro is Dead – Obituary

Der Euro is dead – Let’s bury it! German weekly magazine DER SPIEGEL dedicates the front page of its Monday edition with a sophisticated funeral arrangement.  The coffin is covered with the Greek flag, the picture of the deceased shows the relatives’ deep mourning through a black ribbon. The Title reads: “Sudden and …

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Poll: Majority of Greeks Reject the Mid-Term Austerity Package

The majority of Greeks favors the rejection of the Mid-Term Austerity Package, or else also called “Second Memorandum”. According to a public poll conducted by Kapa Research for newspaper TO VIMA, 47.5% of the questioned Greek answered they wanted a down-voting of the II. Memorandum. The voting at Parliament will take …

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Greek PM: We had 3 Options-Default, Eurozone Exit, Bailout

Greece prime Minister George Papandreou revealed for the first time he was considering the options of “default” and “exit the eurozone” but that he finally picked up the “bailout”.  Speaking at the Greek Parliament during the debate for the vote of confidence, Papandreou announced a referendum for ‘important changes’ among …

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Loukanikos: Athens Riot Dog made it to BBC! (video)

Loukanikos, legendary riot dog and front-man at every protest rally is Athens has made it up to BBC! The UK broadcaster uploaded a footage of the blond four-legged protester in action. What else should the dog do except running, jumping and barking? BBC wrote on its page: One committed protester was at …

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48h General Strike Despite Greek Gov Reshuffle

Private sector labour union GSEE decided to launch a 48-hours general strike during the days of debating and voting of the Mid-Term Austerity Package at the Parliament. The dates of the strike will be set according to the voting schedule. Also public sector labour union ADEDY is considering a general …

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Greece New Fin Min Venizelos: Restore Tax Injustice

Greece newly appointed Finance Minister Evangelos Venizelos gave the marks of his economic policy Friday afternoon and said that “fist priority is the sustainability of public Debt”. Speaking at the ceremony of handing over the Defense ministry to his successor, former Fin Min George Papaconstantinou, Venizelos said “I leave the …

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Merkel-Sarkozy Reached a Bailout Deal for Greece (video)

A compromise on Greece additional bailout was reached between German Chancellor Angela Merkel and French President Nikolas Sarkozy on Friday morning in Berlin. The two leaders agreed on the participation of private investors on ‘purely voluntary’ basis in order to avoid a so-called ‘credit event’. During a common press conference both …

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Venizelos: New Fin Min to talk “politics” with Greece’s lenders

Evangelos Venizelos is the new “Czar” of the Greek debt-ridden economy. The 54-year-old  Minister, until Friday morning Minister of Defence, takes charge of the Finance Ministry in one of the most critical periods for the country. He will head the government’s economic team with Deputy Ministers Philippos Sachinidis (deputy also …

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Greece: Government Reshuffle Postponed

Greece’s government reshuffle will be announced on Friday, June 17 at 9 a.m.  At 1 pm the new ministers will take  their oath. Prime Minister George Papandreou can seek vote of confidence at the Parliament the earliest on Sunday. Unconfirmed information claim the confidence vote to take part on Tuesday, …

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