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Recent News

EOPYY Doctors To Charge Insured Patients (Aug 20-Sept2/2012)

Private doctors collaborating with Greece’s National Organization for Health Care Provision (EOPYY), decided to stop offering their services on credit and charge insured patients. This so called “warning mobilization” will be implemented from August 20th to September 2nd, 2012.   With the action called “work retention”, doctors want to put under pressure the …

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Greece Breaks New Record. In …Unemployment!

Unemployment successfully managed to break a new record and climbed up to 23.1% in May 2012. According to Greek Statistics Authority (ELSTAT), unemployment in May 2012 rose to 23.1% from 22.6% a month earlier. In comparison unemployment was 16.8% in May 2011. The total number of jobless Greeks is 1,147,372 men …

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“EU Source” Claims No €31-Billion Bailout Tranche Before October

The notorious but anonymous “EU source” spoke again. And said that Greece would not receive the €31-billion bailout tranche before upcoming October. Greece has been expecting to receive the financial aid in September, but the EU source claimed Greece’s lenders won’t give any green light to the tranche, before the Eurogroup meeting in …

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Greek Government Crisis No 2: The Hot Potato of “Labour Reserve”

Greece’s three-party coalition government faces a new test. The cohesion of Samara’s government is under strong pressure due to some measures essential to reach the volume of 11.5 billion euro spending cuts. Precisely the issue of “labour reserve” in the public sector threatens to bring Greek government into falling apart. Two junior government …

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Standard & Poor’s Revised Greece’s Outlook to Negative

 Ratings agency Standard & Poor΄s on Tuesday revised Greece΄s outlook to negative, saying the debt-ridden euro zone country could need more help from its international creditors. “Following delays in implementing budgetary consolidation measures and a worsening Greek economy, we believe Greece is likely to require additional financing for 2012 under …

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Greeks Angry About No Lay-Offs in Public Sector, Cuts in Lowest-Pensions

Greeks are getting more and more angry. Each and every day fresh adrenaline shot drive high blood pressure, heart beats and deep rooted frustration. They need just a tiny spark to explode. Reason for this boiling mood are the upcoming additional austerity measures, the so-called “spending cuts” worth 11. billion euro. So far, no public …

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IMF Pushes EU Lenders To Reduce Greece’s Debt

That’s enlightening. The International Monetary Fund allegedly pushes European governments to ease the burden of borrowed sums to Greece. The IMF claims, it is under pressure by its own members about the huge amounts they have lent to Euro Zone. Speaking to Wall Street Journal under conditions of anonymity, IMF …

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Why No Politician Dares Telling Greeks About the €11.5 Billion Cuts?

The Troika left, Greek politicians were left behind. In Athens. Greece’s lenders inspectors left the Greek capital Athens on Sunday after they laid the country’s coalition government leaders on Procrustes*  bed. Representatives from IMF, EU and ECB did not stretched them on the rogue’s bed. Instead, they cut so much it needed to fit to …

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