Friday , December 13 2024

Recent News

Reuters: Greece Looks Out to Sea for Gas Wealth of $600 Billion

Offshore natural gas could dramatically change Greece’s fortunes, should early estimates of $600 billion worth of reserves be confirmed, according to a study presented to Prime Minister Antonis Samaras in June and seen by Reuters. The study, collating existing scientific data, says that geological similarities indicate that reserves offshore Crete …

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A new Troika Demand? Austerity of €10 Billion In a Single Year?

If it’s true, this is, indeed, insane. According to Ta Nea newspaper, Greece’s lenders’ representatives want that almost the whole package of austerity measures will be implemented in 2013 and won’t be distributed more or less equally to 2013 and 2014. The new Troika’s request is allegedly that additional 2 billion …

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Athens: Troika Team Chased & Harassed by Municipality Workers

This is the third incident within 24 hours and I slowly believe, representatives and technical teams of the so-called Troika, Greece’s lenders from the IMF, the EU and the ECB, should start thinking to change their suits with some knight armor like in the good old Middle Ages*. Earlier on Tuesday, municipality …

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Athens: IMF’s Thomsen Enters a… Gym To Avoid Disabled Protesters

If you think the Troika representatives can bypass 50 disable protesters and enter unharmed the Labour Ministry in Athens , you’re wrong. The panic and confusion is so big that the Troikans can land into some private gym instead…  Sorry, that was the gym. Labour ministry is there! Some 50 representatives …

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Golden Dawn MP Sits at Non-Discrimination Committee of Council of Europe

Eleni, Zaroulia, Member of the Greek Parliament and wife of party chairman of Chrysi Avgi (Golden Dawn) will sit on the Council of Europe’s Committee on Equality and Non-Discrimination. Zaroulia will be in Strasbourg as an alternate member of the Greek parliamentary  delegation.  “What does a member of a party involved in …

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Greece Unlocks Subsidy for Formula One Track in Patras

Greek Ministry of Development unlocked a subsidy of 28.9 million euro for the contruction of a Formula One car racing track in Chalandritsa area of Patras in Western Greece. Total cost of the project is 94.6 million euro and is expected to create more than 500 jobs in a country …

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Greece’s Electricity Workers (GENOP-DEH)To Start 48-Hour Rolling Strikes

Greece΄s electricity workers union GENOP-DEH will start rolling 48-hour strikes as of October 1st, 2012  to protest austerity measures demanded by the country΄s international lenders. Strikes at state-controlled utility PPC(DEH) have in the past led to rotating power cuts across the country, as the grid operator reduces the load to …

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Athens: Clashes Between Anti-Authoritarians and Extrem-Right Sent 2 to Hospital

 Anti-authoritarians, foreigners and “residents” turned the Athens district of Agios Panteleimon into a ‘battlefield’ on Sunday evening and the clashes sent two citizens and one policeman to the hospital and at least 15 to the police station. Somr Greek media report, that a group of some 80 people on scooters moved to the area from Exarchia …

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