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Recent News

EU Hardworking/Corruption Survey: “Italy” wins when it comes to Stereotypes

Transparency International Corruption Index 2012 said Greece was the most corrupt country in European Union. In May, Washington-based Pew Research Centre found that Greeks agreed, but Italy was the real winner! In terms of stereotypes… And, of course, Germans are the most hardworking people.   source: Alessandro Leipold, Chief Economist at Lisbon Council, …

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Greece leads in TI Corruption Index 2012 among EU countries

Corrupt officials, venal politicians: Transparency International has been studied in more than 170 countries, the corruption in the public sector. Alarming is the situation in Greece, as the debt-ridden country leads in corruption among European Union countries. Greece occupies place 94 and share the same score (36 points) with Benin, Colombia, …

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Greece to Pay €12.4 Million for Counseling in Bonds Buy Back

Deutsche Bank and Morgan Stanley help Greece in the process of bonds buy back so that it will be in favor of the Greek state. For this reason the two banks will receive – are you sitting? – 11.7 million euro. Should the buy back won’t bring the expected results, Greece …

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Police Cracks Down 3 Greek Fuel Smuggling Rings. States loses €4 Mn in Taxes

 Financial police in Athens arrested 10 people in connection with fuel smuggling that is estimate to have cost the Greek state some 4 million euros in lost taxes over the six months alone. The suspects were arrested following an operation that began about six months ago, police said on Tuesday. The …

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Explosive device blasts outside Golden Dawn offices

A strong explosion occurred at 4 o’ clock on Tuesday morning in the entrance of the building where extreme right-wing Golden Dawn (Chrysi Avgi) has branch offices, at the 17th kilometer of Athens-Corinth highway in  Aspropyrgos, 20 km east of Athens. The explosion was caused by an improvised explosive device, placed …

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Athens Court Rules “Emergency Property Tax via Electricity Bills is illegal”

An Athens court ruled on Tuesday that the practice to collect the emergency property tax through the electricity bills is illegal. Several consumers’ associations and lawyers’ organizations had filed a complained about the Public Power Company (DEH) collecting the emergency property tax. The several  hundred euros of E.P.T levy have been skyrocketing …

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IKA employees on 24h Strike, Dec 7/2012

Employees at Greece’s biggest insurance fund IKA will launch a nationwide 24-hour strike on Friday, December 7th 2012. The mobilization aims to protest the dismissal of 500 people who were transferred from the former state-owned Agricultural bank.      

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Greek Gov’t to revise new tax system after outrage over 45% tax for €26K

Following the categorical refusal of his coalition partners PASOK and Democratic Left and the strong society reactions, prime minister Antonis Samaras gave orders for a new examination of the taxation draft and thus on zero-basis, as it’s been claimed. According to Greek media, the new taxation system provisions to be …

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Merkel’s spokesman denies, she had agreed to Greek debt restructuring

German Chancellor Angela Merkel (CDU) feels, she was misunderstood in the issue of debt restructuring for Greece. There was “no change of mind,” of the chancellor, government spokesman Steffen Seibert said Monday. Merkel does not endorse any “debt write-off”.  She did not explain anything different than during the Eurogroup meeting.  “To …

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Crisis claims another victim: man, 39, shoots himself

Desperate because of the dire economic situation, a 39-year-old man saw no other solution than to put the gun in his mouth and shoot himself. the man had left a notice explaining the reasons that led him to commit suicide. The tragic incident occurred Monday early afternoon in  Kountoura village …

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