Thursday , June 8 2023

Recent News

IMF/EU/ECB guys deeply frustrated about Greece’s public sector realities

It seems that slowly Greece’s lenders come more closely to the Greek realities. Apparently the IFM/EU/ECB controllers are deeply frustrated that they wouldn’t hesitate to propose shocking solutions for drastic cuts in public spending. “The situation is deteriorating instead of improving,  tax and customs offices are not able to collect revenues, corruption …

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Is Greece’s Odious Debt growing? Comverse Technology – OTE

Feeling like reading about another alleged bribes scandal? Bloomberg has it. And Yes, it involves another state company. The Hellenic Telecommunications Organization OTE. According to Bloomberg, it involves the New York-based Comverse Technology, a voice-mail software maker, currently under investigation for Foreign Corrupt Practices Act by the US Justice Department. The …

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Greek FinMin’s plans for wages cuts in state-run enterprises DEKO

New wages and benefits cuts and possible lay offs are on the way as the Greek government prepares a thorough spending recostruction plan for the state-run public enterprises DEKO. Greece’s lenders IMF/EU/ECB have put the knife in Athens neck and demanded immediate intervesions in order to raise at least 2.5-3 billion euros. The plans …

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EU Council Van Rompuy to Greeks: Unavoidable reforms for better tomorrow? You don’t say…

Oh these EU technocrats, percentage calculators  and professional politicians. Especially those from the far away Brussels who take crucial decisions for the fates of the European taxpayers who enable them to live in glass cocoons. European Council President Herman Van Rompuy, currently in Athens, urged Greece to continue with unavoidable, ‘painful but necessary’ reforms and said it was vital …

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Israel: Travel Warning for Greece’s Islands, Crete, other Medit-Countries

Israel issued a travel warning for its citizens out of possible fears of attacks or even kidnaps by terror organizations. According to Ynetnews, the general  travel advisory wanrs Israelis and Jews not to visit the Mediterranean Basin, Far East during Passover holiday. State official says sensitive destinations include Turkey, Egypt, Libya …

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Material Black Out threatens Greece’s State Hospitals

A material black out threatens Greek state hospitals as suppliers decided to suspend deliveries. Bandages, gauze and other medical supplies will be a rarity- although in some state hospitals these materials are already in shortage. Representatives of the Panhellenic Association of Suppliers of Medical Items have decided to suspend deliveries …

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Greece’s Debt: “Voluntary Agreement” -What’s that?

This is an economic term you will probably be reading and hearing in the upcoming weeks – or at least until Greece’s obeys to the calls for a debt restructure: “Voluntary Agreement” What is this? This is originally designed to provide relief to debts generated as a result of business …

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Beautiful Moments: Antony Quinn, 84, dances for Mikis Theodorakis (video)

Debt Restructure? Bankruptcy? Let the sterile technocrats worry about how to protect their own, virtual money.  Millions of Greek Zorbas defy the speculators’ misery and catastrophe scenarios. It sounds like a game anyway. That is a great video from the times when people had still something to say. In a rare moment,  Mr. …

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Piraeus: Bus Passenger shoots at Ticket Controller

Scenes from Far West occurred in a Piraeus bus when a passenger opened fired against a ticket controller. The incident occurred in the bus line 843, from Piraeus to Keratsini. When the ticket controller asked a passenger to check his ticket, the man took out an air rifle and shot …

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Athens Metro: German Rail bribed hand in hand with Siemens?

This post would also worth to bear the title “How Germany ruined Greece economically” or what is Germany’s contribution to Greece’s economical collapse”. Yes! I’d love a satanic “hehe” here…  German weekly DER SPIEGEL brings into the spot light another bribes scandal. This time involved is the DBI – Deutsche Bundesbahn …

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Athens: Tear Gas at Temporary Municipality Workers

Tear gas and sound flares were fired against protesters, temporary workers at the Athens municipality. The incidents started when the protesters climbed the rails of the yard where the municipality council was holding a meeting in the premises of Athens 9,84 FM. The workers even managed to set aside the strong riot …

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