Thursday , April 18 2024

Recent News

Surveys: Ups and Downs for Greek Parties Ahead June Elections

While public opinion polls right after the elections showed left-wing SYRIZA to emerge first in the ‘voting intention’, things seem to have changed during the last three days. One reason are confused statements by SYRIZA officials about the economic programme of the party. Another reason is the artificial polarization created mainly by conservative …

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Merkel Calls Greek President: Get a Functioning Gov’ ASAP

German Chancellor Angela Merkel called Greek President Karolos Papoulias on Friday morning. Although the content of their conversation has not been officially revealed, German officials made public the tone of the phone call. “We hope the country will get a functioning government right after the [June] elections,” Merkel told Papoulias according …

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Survey: 88% of Greeks say YES to Euro. But to what €uro?

What do Greeks really think about the country remaining in the Euro and at what consequences? A public opinion survey conducted by Pulse RC for weekly To Pontiki reveals that the waste majority is pro Euro, however with a quality differentiation: 54% support the Euro but they draw also a red …

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Fitch Downgrades Greece and Tells Greeks to vote Pro-Bailout Parties

The world does not cease to amaze me. Ratings agency Fitch downgraded Greece not due to its huge debts but due to … its voters. Fitch warned that should the June elections produce an anti-bailout government, an exit from the euro is possible, and therefore the agency would consider it as a default …

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Troika Won’t Meet Greek Interim Gov’ – It’ll Wait Until New Government Formed

The representatives of  Greece’s lenders from the European Commission, the International Monetary Fund and the European Central Bank, the so-called “Troika” will not visit Athens and meet the Greek interim government. Instead, they will wait until a new government has been formed after the June-17 elections, IMF spokesman David Hawley said in Washington. “We …

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Greek Interim Government Members Refrain From Salaries

Greece’s new prime minister, Panagiotis Pikrammenos gave his mark to the caretaker government that expires at June 17th 2012, when fresh general elections will take place. “Few words, lots of work.” Pikrammenos told his ministers at their first cabinet meeting.  According to To Vima  newspaper, Pirkammenos reportedly said that the country’s problems cannot be …

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Guardian: Greek Euro Exit Would Cost 1 Trillion Euro

Thursday’s front page of British daily The Guardian is impressive. A huge number of  zeros lined up next to each other. An impossible eye-exercise for those suffering of astigmatism! How does one trillion euro look like? “Cost of Greek Euro Exit Put at 1 Trillion The British government is making urgent …

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German FinMin: European Commission Should be EU-Government. HA!

I could have never imagined, German Finance Minister Wolfgang Schaeuble had a sense of humour. Reality proves me wrong. Apparently he has. Then it must be a joke when he proposes that the European Commission develops into an EU government! And this when a growing number of Europeans criticize in deepest frustration the path …

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Tsipras to CNN “Austerity Will Send Us to Hell” (video)

“Austerity will send us directly to hell” That was the main message of Alexis Tsipras, leader of left-wing SYRIZA to an American and international audience. Speaking to CNN’s Christiane Amanpour, Tsipras used the chance also to address German Chancellor Angela Merkel openly accusing her of “having put the euro and …

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Greek Interim Cabinet Sworn in – 300 MPs for A Day…

Greece’s interim cabinet was sworn in in Athens on Thursday morning. The “lean”, 16-member cabinet headed by Prime Minister Panagiotis Pikrammenos will will lead the country to fresh elections, on June 17th 2012. Greece’s caretaker government  mainly consists of academic professors, technocrats, former ministers, a retired general and a career diplomat. No …

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Greece’s Privatizations “Freeze” Until June-17 Elections and New Government

Greece will freeze privatizations until June-17 elections and a new government is being formed. This decision was taken by the board of  the State Private Property Fund  (TAIPD) on May 15, 2012. “We refrain from taking decisions that are binding for the future until the forming of the new government that …

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