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Recent News

Marianne: The incredible errors by IMF experts & the wrong multiplier

Do you remember the report by IMF advisors Blanchard & Leigh “Growth forecast errors and fiscal multipliers, who were admitting the negative effects of the austerity measures? French weekly magazine Marianne wrote an article about the fatal mistakes made by the International Monetary Fund and located the calculation error – the wrong multiplier! The incredible …

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New Eurogroup Chief: Jeroen Dijsselbloem

This is the name we will have to deal with in the next years: Jeroen Dijsselbloem, 46, Social Democrat, politician of Labour Party and Finance Minister in the Netherlands since November 5, 2012.   Jeroen Dijsselbloem to be pronounced as [jɛˈrun ˈdɛisəlblum] Dijsselbloem elected new Eurogroup chief Eurozone finance ministers …

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“War” between SYRIZA and Public Order Minister over Terrorism

A new round of angry dispute broke out between main opposition party SYRIZA and the Minister for Citizen Protection and Public Order, Nikos Dendias (Nea Dimocratia), when the latter brought up new allegations linking the left-wing party with phenomena of a smooth form of terrorism. During a meeting of the parliamentary committee …

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ELSTAT chief to face felony charges over inflated Greek deficit in 2009

Greek economic prosecutors are seeking felony charges against the former president of the Greek Statistics Authority Andreas Georgiou over  upwards manipulation of the Greek deficit in 2009 and thus with the aim to push the country into the IMF bailout mechanism. Apart from Georgiou  felony charges are also to be raised against the …

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Athens: Citizens protest exorbitant electricity bills

Several hundreds of angry citizens gathered outside the headquarters of Greek Public Power Company (DEH)to protest the new hikes in electricity and the attached “emergency property tax” that skyrocket the end amount Greeks have to pay month in, month out. Banner: “We pay nothing, we owe nothing” “I dont’ pay any …

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Macedonia: Bloody highway pileups with one dead, 24 injured (picts,video)

Two pileups involving more than 36 vehicles occurred at Egnatia highway near Veroia town of Macedonia, leaving behind one driver dead and at least 24 people injured – among them 3 children. First information speak of dense fog and slippery asphalt. Video: embedded by Embedded VideoYouTube Direkt According to Greek media, the first …

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Athens: who is behind the series of bomb attacks?

Who is behind the series of bombings that shake Athens in recent days? Who placed the explosive device in The Mall on Sunday, who fired the gun shots at the headquarters of Samaras’ Nea Dimocratia last Thursday? Who put gas canisters outside the homes of five journalists, who destroyed office facades …

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Leros: 33-days-old baby with starvation symptoms

A newborn baby was taken from the island of Leros to University Hospital of Heraklion in Crete in an emergency airborne transfer on Saturday. According to local media, doctors diagnosed hypothermia, breathing problems and symptoms of starvation, while the organs have been collapsing. The baby was born on December 15th 2012 …

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Athens: US Embassy issues emergency warning after Mall bomb

 US embassy in Athens issued an emergency warning after the bomb explosion in The Mall in Athens on Sunday morning. the embassy calls American citizens to be review personal security plans, monitor local news media and report suspect incidents to the U.S. Embassy in Athens.              Emergency Message: – Explosion at …

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Athens Metro, Urban Train, Tram: Strikes & Work Stoppages, Jan 21-22/2013

Workers at Athens metro will continue their protest with a new 24-hour strike on Monday, January 21st, 2013. Urban train ISAP/HSAP and the tram will operate only form 8 a.m. until 4 p.m. On Tuesday, workers at the three public transport means will launch a work stoppage form 12 o’ clock noon until …

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