Thursday , July 25 2024

Recent News

Rasmussen: Greece ranks second in defense spending among NATO countries

 One can hardly believe such a thing. Greece in deep recession and inhuman austerity is number 2 in military spending among the NATO countries. This was revealed by NATO’s general secretary Anders Fogh Rasmussen. A very interesting report based on Rasmussen revelations is published by the New York Times. Military in …

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Earthquake 5.8R south of Limnos felt in Athens and Istanbul

A powerful earthquake occurred on Tuesday at 4:16 pm with the epicentre located in the sea, 44 km south-east off the island of Limnos in the Aegean Sea. Seismologic institutes gave the magnitude as 5.8 on the Richter scale. The earthquake occurred in a depth of 11 km.     …

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Lagarde “missed” ex Greek FinMin Papaconstantinou in text message

 These are touching moments among eurozone finance ministers. According to UK daily the Guardian, Christine Lagarde sent an sms to her Greek counterpart George Papaconstantinou in summer 2011 – short after he was replaced from the post of Finance Minister. “We miss you!” Lagarde apparently wrote to the Greek finance minister who …

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EUROSTAT: Greece (26%) and Spain (26.6%) compete in unemployment rates

 Unemployment in Greece broke a new record in September 2012 as it climbed to 26%, according to EUROSTAT data released on Tuesday. It is 7.1% higher when compared to September 2011. Spain leads in unemployment among the EU members-countries with 26.6% for the same month. According to Eurostat data, Greece …

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Turkish Ziraat Bank plans massive loan to Greek farmers

Turkey΄s Ziraat Bank is planning to extend 40 million to 50 million euros worth of loans to Greek farmers contingent on approval from the Greek government, daily Hürriyet΄s Yorgo Kırbaki has reported. Farmers, businessmen and industrialists have been struggling with the current lack of loans in the country, which has …

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“Jobless on voluntary work without payment,” says ex Greek FinMin Doukas

Former Greek deputy Finance Minister Petros Doukas came with a revolutionary proposal to reduce unemployment. Jobless should work on voluntary basis and without payment. On his private website, and in his article “90+ Suggestions for a Greek New Deal II”, Doukas proposes that the state, the municipalities and even the private …

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Turkish FM Davutoglu warns Greece against petroleum exploration

Turkish Foreign Minister Ahmet Davutoglu has said, “In such a situation Turkey takes counter action” upon news regarding Greece’s petroleum exploration works in the Aegean Sea. Davutoglu stated that they were following the issue, the two countries had positive relations and in such time it is better to abstain unilateral …

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