Tuesday , July 16 2024

Recent News

Eurostat: 31% of Greece’s population near poverty line in 2011

Thirty-one percent of Greece’s population was living near the poverty line in 2011 and 15.2 percent was just scraping by on a small income, the European Statistical Agency, Eurostat, said in a report released on Monday. The percentage of people at risk of poverty or social exclusion ranks Greece behind …

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Greece pulls the plug the day EURONEWS launches Greek Service

Tuesday was supposed to be a special day for independent and unbiased information:  Euronews launched a Greek-language channel targeting Greece, Cyprus and Greek-speaking audience all over the world. However, as Greeks tuned to the news service in their own language, instead of Euronews, they got to see this:  Greek state broadcaster …

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Merkel: “Never thought so much about Greece in my entire life”

German Chancellor Angela Merkel has reportedly admitted to feeling an “inner involvement” for Greece during the recent tense negotiations ahead of the disbursement of its latest bailout tranche. Speaking to foreign journalists on Monday evening, the German chancellor insisted that she had a passion for keeping Europe together and making …

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S&P Christmas Bonus to Greece: Upgrades to “B-” from “Selective Default”

Greece had its credit rating raised by Standard & Poor’s after a debt buyback as the ratings company cited the “strong determination” of euro-area governments to keep the nation in the currency zone. The grade was lifted from selective default to B- with a stable outlook, S&P said in a …

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Reuters Report: Greece’s triangle of power consists of politics-business-media

International media started to report lately about that what Greeks have been aware of for decades: about the interplay between politics, big businessmen and powerful media owners. Now Reuters picks up the issue and blaming these unholy relations as responsible for the country’s economic crisis. And not only. Reuters considers …

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Christmas in Athens – December 1960

That’s Athens in Christmas. The Athens, we miss in times of recession, unemployment, sharply cut incomes, closed down shops and buildings facades deformed with graffiti and slogans. Athens in December 1960. A city festively dressed, glowing, with people going downtown for their Christmas shopping. Aiolou street, near Chaftia, the upper street …

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Athens: Deaf-mute woman threatening to commit suicide rescued

That was a very loud cry for help by somebody who literally cannot speak. A woman climbed a metal sculpture installation at Omonia square in downtown Athens on Tuesday morning and was threatening to jump. When the fire brigades and the police arrived to the spot, the deaf mute woman started to drop …

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Breath for Borrowers: Home auction-stop extended until end of 2013

A breath for thousands of borrowers as Greek government decided to extend the auctions ban for one more year. With a legislative act the Ministry of Development suspends auctions for the so-called “first housing” until December 31, 2013.  The legislative act prohibits banks from conducting auctions for unpaid mortgage loans if the home …

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EGAM: Greek PM to exclude Golden Dawn MPs from Council of Europe

European Grassroots Antiracist Movement (EGAM) said in a press release that Greek Prime Minister Antonis Samaras  announced he favored the exclusion of extreme right-wing Chrysi Avgi (Golden Dawn) from the European Council Discrimination Committee. Last October the participation of Eleni Zaroulia, Member of the Greek Parliament and wife of party chairman …

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Greek tycoon Lavrentiadis in Kolydallos prison over Proton Bank embezzlement

After three days wandering from hospital to hospital, entrepreneur Lavrentis Lavrentiadis entered a cell in Korydallos prison in Athens on Monday. Supported by three policemen, Lavrentiadis entered Korydallos main entrance limping. He has been suffering from rheumatoid arthritis since several decades. Although arrested on Thursday, Lavrentiadis claimed health problems and spent the last …

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