Saturday , June 15 2024

Recent News

Who Will Hold The Troika to Account for Asphyxiating Greece?

This is a good question posed by Ambrose Evans-Pritchard on British daily Telegraph.UK “Who will hold the Troika on Account for asphyxiating Greece?” Probably nobody…  “Germany has clearly taken the decision to expel Greece from the euro, whatever the new Greek government does. Vice-Chancellor Philipp Roesler says the “horror” of Greek exit has …

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Greek Foreign Ministry Considers Suspending Operation of Greek Embassy in Syria

 As fears surge that the Assad regime may use chemical weapons to combat the army of rebels, several diplomatic representations in Damascus prepare evacuation plans for their citizens. It looks as if Greece’ Foreign Ministry has prepared a similar plan as well. Greek Foreign Ministry statement: Foreign Ministry announcement on …

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EC-President Barroso To Visit Athens For Talks with Greek PM Samaras

European Commission President Jose Manuel Barroso is due in Athens on Thursday, July 26th, 2012 for talks with Prime Minister Antonis Samaras. It will be Barroso’s first visit to Greece after three years and two bailouts. Last visit of Barroso to Athens was in 2009, when he attended the inauguration of …

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Troika Inspection of Greece Starts on the Anniversary of “Democracy Restoration”

Somebody must have had a promiscuous sense of humour to send the Greece’s lenders, the so-called “Troika”, to Athens today. On the 38th Anniversary of the “Restoration of Democracy” that marks the end of the military dictatorship in Greece, on 24th July 1974.  Who arranged this arrival on such day? Christine Lagarde? Jose …

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Athens: Metro, Urban Train-HSAP on Work Stoppage, Jul 24/12

Workers at Athens Metro and Urban Train HSAP launch a work stoppage from 11:00 a.m. to 01:00 p.m. on July 24th 2012.  The workers protest the detention of one of their colleagues, a train driver. According to Skai TV, a man fell in the rail lines last night, the driver of the …

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Tsipras Calls on Greek Government to End Talks With Troika

Main opposition leader and Syriza chief Alexis Tsipras called on Greek government to end any discussion with the representatives of the EC-ECB-IMF troika, and propose an EU Summit meeting to focus on a different strategy for Greece.    Addressing the Syriza parliamentary group on Monday, Tsipras voiced his party’s determination …

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German MP: Greece Should Pay 50% of Wages & Pensions in Drachmas

 Aha! A small sleepy village in the German Upper Bavaria has the solution to Greece’s fiscal problems. The village is called “Peissenberg” and has a great man born there: Alexander Dobrindt. “Greece should start paying 50% of salaries and pensions in Drachma!” This revoluationary ’emission’ came from the lips of the executive secretary of the Christian …

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Athens Stock Exchange Plunges More than -6% as EU-South on Fire

Athens Stock Exchange experiences sever losses on Monday morning as development in Greece, Spain and Italy lead to decline of all European markets and the Euro. As of 02:21 pm, the General Index of ASE is at 588.59 units recording losses of -6.70%. The banking sector is at -8.90%. One …

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