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Recent News

ELSTAT: Greece’s Deflation at -2% in May 2014

I don’t know if deflation in the debt-ridden country keeps pace with the speed of the famous train bringing success and development in Greece. Fact is that deflation, that is the decrease in the general price level of goods and services, accelerates in high speed. According to Greek Statistics Authority …

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Gikas Hardouvelis: who is Greece’s new Finance Minister?

Two seem to be the key features of Greece’s new Finance Minister Gikas Hardouvelis: that he knows the euro mechanism and he knows the banks.  Hardouvelis is a professor of Finance & Economics at the University of Piraeus and Cheif Economist and Director of Research at the EUROBANK. He served …

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It’s gov’t reshuffle time: new Ministers to meet the Troika’s targets

“Minister Michelakis is exiting the Maximos mansion?” the breaking new presenter on Skai TV asked the reporter covering the government reshuffle news. “No, Minister Michelakis is exiting the government!” the reporter corrected the presenter. With breaking news Greek television channels started to report about the much expected cabinet reshuffle short …

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Greeks are holding their breath as the countdown for Gov’t reshuffle ticking

Greeks are holding their breath in agony and expectation. The countdown clock for Greece’s coalition cabinet reshuffle is ticking. It is ticking to the right – Samaras’ Nea Dimokratia – , it is ticking to the left -Venizelos’ PASOK. According to latest media reports, it is also ticking to the …

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Number of Independent MPs in GR-Parliament on the rise

The number of independent lawmakers in Greek parliament rose to 23 after Vasilis Oikonomou resigned from Democratic Left on Friday. Τhe independent lawmakers build together the fourth power group in the Greek Parliament even if  some of them have formed the lose fraction of “Independent Democrats” consisting of 13 MP’s. …

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Only 8% of Greece’s 1.27million jobless gets unemployment allowance

The majority of Greece’s 1,274,843 jobless receive no unemployment allowance. According Employment Agency (OAED) , only 102,026 jobless received the allowance in April 2014. That is less than one out of ten of the country’s at least 1,274,843 men and women without job. Although employees pay their social security contributions …

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Greece’s Tax-Collector Theocharis, the General Secretary of Public Revenues forced to resignation

Haris Theocharis, general secretary of Greece’ public revenues was forced to resign. Officially, Theocharis submitted his resignation “for personal reasons”. Unofficially, he was forced to resign and thus before the upcoming government reshuffle aiming to build a “social policy profile” around Prime Minister Antonis Samaras. Haris Theocharis submitted his resignation …

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Greek Government unexpectedly closed the Parliament for summer break

It was shortly after 5 in the afternoon and a fully troubled plenary session, when police hanged a Presidential Decree announcing the unexpected closure of the Greek Parliament and the start of the summer sessions. The government decision to close the Parliament as expressed by the Presidential Decree took Greek …

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Golden Dawn leader claims, he had contacts with PM’s aide and two ND ministers

A new Baltakos-gate is under way? Golden Dawn leader Nikos Michaloliakos claimed that he had private contacts to the director of the press officer of Prime Minister Antonis Samaras and also two of Nea Dimokratia ministers. Speaking at the Greek Parliament, Michaloliakos said: Video: embedded by Embedded VideoYouTube Direkt “Whenever …

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Greek Cabinet “paralyzed” awaiting Government reshuffle

The ministers have closed their files and opened their laptops. They surf on internet, call journalists closed to Prime Minister Samaras and deputy Prime Minister Venizelos, they read and analyze reshuffle scenarios trying to guess whether they will remain seated on their chairs, climb on new ones or they will …

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