Friday , December 6 2024

Recent News

Greeks at Risk to Spend Tough Winter Without Heating Oil

Thank God, temperatures are still mild for this time of the year,  thank God many bought heating oil last spring before the price hikes. Then the raw between Finance Minister and representative of gas station owners threatens to force millions of households to spend a rel tough winter. Apart from the fact …

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German FinMin Rules Out Greece’s Bankruptcy or Euro Zone Exit

German Finance Minister Wolfgang Schaeuble has for the first time ruled out the possibility of debt-stricken Greece sliding into bankruptcy or leaving the euro zone. “I think there will be no state bankruptcy in Greece,” he told a meeting of the Singapore-German Chamber of Commerce and Industry in Singapore on …

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“We made Mistakes” IMF’s Thomsen Briefs Foreign Media about Greece

Representative of International Monetary Fund Poul Thomsen, one of the so-called Troikans, admitted that there were mistakes in the bailout agreement between Greece and its lenders. According to Sunday newspaper TO VIMA, shortly before the Eurogroup meeting on October 8th and the visit of German Chancellor Angela Merkel to Athens …

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It’s Official: “Expired Food” Will be Sold in Greek Supermarkets

The decline in the living standards of Greeks and in the morals of politicians is without previous example. With  a decision by the Ministry of  of Development, food producers will fill their pockets with gold, while low incomers will have the chance to continue living on .. expired food. Proving its total …

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Bitter Pills for Insurers: Must Pay for Prescription Drugs due to Health Ministry’s Generics Decision

Prescriprion holders experienced (and still experience) a particularly nasty surprise when they visited local pharmacies to get their medicine. Stunned they heard that they had to pay a % participation fee in order to receive what they were getting free of charge.  Bitter Pills for Empty Wallets Yesterday a chronic-ill friend …

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IMF’s Lagarde: “Too Early to Say Greek Program Failed”

“There are good developments in Greece,” IMF head Christine Lagarde said on Wednesday, stressing that the government has come very close to reach primary surplus and that it records progress in competitiveness. Asked by a Bloomberg report why the Greek program fails, Lagarde replied that it is too early to …

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