Thursday , July 25 2024

Recent News

“Death Penalty” For Cancer Patients in Greece as Health Care Collapses

Cancer patients have reached the point of not being able to take their medication because they have no money to buy them as pharmacists protest the national health care organisation EOPYY and do not give prescription medicine on credit. At the same time hospitals postpone cancer surgeries due to retention of physicians. The huge …

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Athens: Members of Greek Armed Forces Protest Wages and Pensions Cuts

 More than 2,000 active and retired members of the Greek Armed Forces wearing their uniforms gathered at Kolokotroni Square in Athens on Wednesday afternoon to protest upcoming cuts in their wages and pensions.   In their first ever protest rally and holding banners the uniformed protesters marched to the Finance Ministry …

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€31.5-Billion Bailout Tranche for Greece to be Released in November?

 This is a news coming through the indirect way: Greek Finance Minister Yiannis Stournaras allegedly briefed representatives from Municipalities that any discussion on economic demands could take place after the Troika report and the release of the bailout tranche in November. Costas Askounis, president of the Central Union of Municipalities …

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Greece to Lease 40 Uninhabited Islands to Reduce Public Debt

 Fourty uninhabited islands are ready to be leased to local or foreign investors, for up to 50 years. Greece is under pressure to fill state registers and targets revenues of 50 billion euro until 2020.  Through the leasing of these islands that “offer good terrain, are close to the mainland …

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German Constitutional Court Rules in Favor of Euro Rescue Fund (ESM)

The Euro Zone is relieved. Germany’s Constitutional Court ruled in favor of the Euro Rescue Fund – European Stability Mechanism (ESM). However the judges limited Germany’s fund liability up to 190 billion euro unless the German Parliament decides to make more funds available. The court said that condition  for allowing the ESM-ratification was that any …

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IMF Opposes “Special Economic Zones” in Greece!?

International Monetary Fund is allegedly against the establishment of “special economic zones” (SEZ) in debt-ridden Greece. This follows on a news posted in a Greek economic news portal about the meeting of Greek Development Minister Costis Chatzidakis with the representatives of IMF, EU and ECB – the Troika – on Tuesday. Taking into consideration …

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Deadline for Declaring Illegal Houses Extended to January 31/2013

Greek Environment Ministry said on Tuesday that it is extending the deadline for Greeks who own illegally built or illegally altered homes to declare their properties and be exempted from future fines or demolitions until January 31, 2013. The ministry added that it was taking into account the negative economic climate …

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