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Recent News

Greece Will Levy Ship Owners; Golden Dawn Supported Tax Exemption

The additional austerity package adopted by the Greek Parliament on Wednesday includes a provision that will force ship owners, long accused of enjoying lavish fiscal privileges, to pony up at least 140 million euros. The provision initially called for a “voluntary” contribution to the state coffers, but Finance Minister Yannis Stournaras withdrew …

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‘Austerity Bill Not Enough for Bailout Tranche’, Say German FinMin & EU Commission

The austerity package that will bring financial disaster to millions of Greek households was apparently not enough for Greece’s lenders to give the green light for the release of the 31 billion euro bailout tranche. Of course, the budget 2013 has to be adopted by the Greek Parliament, as well. …

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How Much Do Greek MPs Earn Really?

Officially the gross monthly salary of a Greek Member of the Parliament is 5.700 euro. However unofficially the salary is much higher and thus more than 8,000 euro. Nea Dimocratia MP Fotini Pipili revealed the real income of MPs, reading out of her own payment declaration: 8,217 euro. Basic Salary: …

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Unemployment Skyrockets at 25.4% and at 58% for Greek Youth (Aug 2012)

Latest data on unemployment released by the Greek Statistical Authority (ELSTAT) are really shocking: Not only because youth unemployment climbed to 58% and the general unemployment reached 25.4%. But because also these data refer to August, one of the summer months that traditionally offer(ed) seasonal jobs to people. In comparison: …

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Athens: Public Transport on Strike, Nov 8/2012

Workers at Metro, Tram and urban train ISAP/HSAP are on 24-hour strike on Thursday, November 8th 2012. Also taxi owners continue their protest action.  

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Austerity Bill Pass with 153 Votes – ND, PASOK Expel 7 MPs

With 153 “Yes” votes the austerity package bill was adopted by the Greek Parliament on Wednesday night. The voting brought some casualties for Samaras coalition government as the bill received even less votes than originally thought. MPs from junior coalition partner Democratic Left voted “present”, following the party line except,  2 MPs who …

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Greek PM Samaras: “Last Painful Cuts for Wages and Pensions – Measures or Drachma”

Greek Prime Minister Antonis Samaras said that the austerity bill to be passed by the parliament is “the last austerity package, the last painful cuts for wages and pensions”.  He admitted that cuts in wages and pensions are not fair, but “necessary for the rescue of the country.” He noted …

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Thessaloniki: Anti-Austerity Protesters Caused Damage in Shops, Bank

Members of trade unions and left-wing parties gathered in downtown of Thessaloniki to protest the austerity bill. However the demonstration body was divided and the situation got out of control. Protesters broke some shop windows and the entrance of a bank, while some threw red paint at the window of a shop. Police did …

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Scandal! FinMin Withdraws Provisions After Parliament Staff Went on Strike, While Greek MPs Debate Austerity Package

Unprecedented! Finance Minister Yiannis Stournaras withdrew the provision after the Parliament staff went on strike. Stournaras told the plenary that he withdraw the provision but that he will bring it up again on a later point as the strike threatened to boycott the austerity bill voting procedure. MPs reacted shouting …

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Athens Anti-Austerity Protests – Live Stream, Nov 7/2012

Thousands have rushed outside the Greek Parliament on Wednesday evening to protest the austerity package that is due to be voted at midnight. With Banners and anti-austerity slogans, members of trade unions and political parties from the opposition raise their voice against a bill that will further crack the back …

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