Tuesday , October 3 2023

Recent News

Cyprus Drilling: Tension High as “Piri Reis” Enters Block 12

Tension is high around the drilling off shore of Cyprus as the Turkish research vessel Piri Reis has allegedly entered Block 12. Greek newspaper Proto Thema claims that Piri Reis entered the area of Block 12 where US company “Noble Energy” carries out natural gas research. The Piri Reis entered the …

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Greece Heads to Snap Polls but No “Politicians” Around?

Tomorrow, Tuesday, there is another crucial ( the No 1,453 ?) voting that will take place in the Greek Parliament. The voting for the odious Property Levy that triggered outrage in the society. And not only. Quite a number of ruling party PASOK had to feel the strong pressure of …

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Q&A: How Will a 50% Greek “Haircut” Affect Our Lives?

The rumors and the scenarios about a 50% ” Haircut” of the Greek debt and an “orderly default” , call it also “controlled bankruptcy”, keep whirling around the heads of ten million Greeks causing increased uncertainty and depression. With the tax hikes and the income decreases, the Greek household have already …

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Impressive Protest by Greek Police Against Austerity (video)

A group of 50 border guards and special guards of the Greek Police (ELAS) climbed to Lycabettus Hill in downtonw Athens at 5:30 Monday morning and hung a huge banner to protest their wages cuts.  The banner, 25 meter long and 5 meter wide, reads: “ELAS mourns: Pay Day – Mourning Day”.  …

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Athens: Police Fires Tear Gas and Beat “Indignant” Greeks (videos)

Protesters and riot police have been ‘playing’ cat and mouse for several hours at Syntagma Square in downtown Athens. Riot police beats protesters and fires tear gas, while the protesters withdraw and come back. Proto Thema newspaper underlines that the police made ‘extensive use of chemicals’ to prevent the protesters from …

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Guest Post: Greece will Default But at What Conditions & Consequences?

Greece’s Finance Minister Evangelos Venizelos’s meetings in Washington last night were ‘celebrated’ here with missals (“Not Debt Restructure” Greek press) and flourish promises. Greek Fin Min told Greek media that the Troika will come back to Athens, the 6th bailout tranche will be released and Greece will meet all its …

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Upd – Crete: Woman Hurls Egg Against Deputy Minister (video)

An egg landed on the head of deputy Minister for Citizen’s Protection Manolis Othonas while he attended a sports event in the city of Rethymnon, Crete. The egg was hurled by a woman while Othonas was making statements to local reporters. The woman was detained by the police. Local news …

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BBC: Road Map of Greece’s Debt Crisis Odyssey

BBC has published a road map of Greece’s debt crisis odyssey. The graph tree based on questions with Yes and No concludes in gloomy perspectives like Moral Hazard, Political Turmoil, Global Meltdown  and Depression. Even the “Pyrrhic Victory” should the government renegotiate its debts would lead to a banks collapse. …

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“Indignant” Greeks to Protest Poll Taxes, Sept 25/11

“Indignant” Greeks are calling for a protest against poll taxes in front of the Parliament at Syntagma Square, on Sunday, September 25th 2011. At 6 pm. After the violent suppression of the protests on last June and July, the masses of Greeks refrain from joining the protests in front of …

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50% Greek “Haircut” or German Rescue Plan with “Treuhand”?

While the scenarios over the weekend claim a Greek haircut of 50% and the most odious preconditions with more austerity measures and the Troika be seated in Athens for a decade,  Greek Finance Minister EvangelosVenizelos meets with German Finance Minister Wolfgang Schaeuble in Washington. Tomorrow he will hold meetings with IMF-Chief Christine …

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