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Recent News

It is Official: Greek Elections June 17th 2012

It is official. Next Greek elections will take place on June 17th 2012. The Parliament is set to convey again on June 28th, according to a Presidential Degree published on Saturday morning at 9 am. With the Presidential Degree the Parliament is being dissolved. As the elections are considered ‘repeat …

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Merkel’s Referendum Sets Greeks on Fire – Eurogroup Knew About it…

With her ‘alleged’ (?) euro-referendum proposal German Chancellor Angela Merkel achieved the impossible: to unite all Greek Parties against her! The pro-bailout and the contra-bailout parties alike. Despite denials from the German side and confirmations from the Greek side, there is still confusion on Saturday morning as to whether Angela Merkel …

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Merkel Orders Greeks: “Euro-Referendum” Together With June Elections

German Chancellor Angela Merkel “ordered” Greeks to hold a ‘euro referendum’ together with June elections. Merkel conveyed her ….thoughts to president Karolos Papoulias when she called him on Friday morning. In a statement released by the office of the Greek prime minister, it is said that Panagiotis Pikrammenos briefed the …

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EP Pres. Martin Schulz Teaches Greeks The Horror!

“Euro exit could be the beginning of a horror,” the president of the European Parliament Martin Schulz warned the stunned Greeks during an event in Athens and continued in a real morbid mood:”I ask those who think now that a horror end is better than an endless horror to think that exit …

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EU Commissioner, UK Money Printing Co: Playing Greece-Euro-Exit Games

What a day! Amid a barrage of warnings and threats for a Greek euro exit and UK companies making even offers to Athens to print there …Drachmas, a EU Commissioner puts the icing on top of  the euro cake. EU Trade Commissioner, Belgian Karel de Gucht claimed that the European Central Bank and the European commission …

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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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