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Recent News

KEPE: Greece’s Debt not Sustainable without Interventions

Greece’s public debt is on a non- sustainable path even after a restructuring earlier this year, the nation’s Center of Planning and Economic Research said. The country will not be able to cut its debt to 120 percent of gross domestic product by 2020, as required under a bailout from …

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Tutorial Schools Reduce Tuition Fees, in Times of Crisis & Tax Evasion

For some KTG readers, this may be an unknown aspect of the so-called “free education system” in Greece: The private tutorial schools for public high school students. A well-established system of tutorial classes that enables Greek students to pass exams and enter universities. A system that was established some decades ago for …

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German FinMin Tells Greek Counterpart, Greece Must Fully Implement Reforms

More was not expected, no decision either. German Finance Minister told his Greek counterpart Yiannis Stournaras the usual, good old admonition: Greece must stick to reforms implementations. The two men meet in Berlin.   “German Finance Minister Wolfgang Schaeuble told his Greek counterpart Yannis Stournaras at meeting on Tuesday that …

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Sprightly Pensioners “Storm” Health Ministry in Athens (video/pcts)

That was a dynamic action nobody had dared to expect from pensioners who proved more brisk and vital than one would have thought. Some 200 pensioners from Greece’s biggest insurance fund IKA stormed the Health Ministry in Athens on Tuesday morning, when they were denied a meeting with minister Andreas Lykourentzos. …

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Greek FinMin Goes Berlin, to Meet Schaeuble and Westerwelle

 Greek Finance Minister Yiannis Stournaras is in Berlin today, for a crucial meeting with his German counterpart Wolfgang Schaeuble. Stournaras is expected to submit the first unofficial request for the extension of the implementation period of the 11.9-billion-euro package*. The new austerity should be implemented for the year 2013-2014, but …

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Athens News: Journalists on Strike for Being Unpaid Since 2.5 Months

Journalists and technical staff in Greece’s oldest English speaking newspaper, Athens News, launched a 24-hour strike as they have not been paid for two and a half months. It’s is the second strike of Athens News staff in the last two months. Below the press release uploaded on the newspaper …

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Greece Estimates German WWII Reparations at 7.5 Billion Euro

Greek Finance Ministry tries to estimate the amount Germany should pay to Greece as reparations for damages, atrocities and enforced loans during the World War II, alternate Finance Minister Christos Staikouras briefed the Parliament. According to estimations of the team in charge of the case, the amount for reparations reaches almost …

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Athens: Green Light for Low-Emisions Cars in City Centre as of Sept 3/2012

I think that’s the only measure I agree with: only eco-friendly, low-emisions cars will be allowed to drive through downtown Athens at any day of the week. The measure comes into effect, today, September 3rd 2012, in an effort to have residents of the Greek capital and the broader Attica …

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