Tuesday , July 16 2024

Recent News

Guardian: Greek Euro Exit Would Cost 1 Trillion Euro

Thursday’s front page of British daily The Guardian is impressive. A huge number of  zeros lined up next to each other. An impossible eye-exercise for those suffering of astigmatism! How does one trillion euro look like? “Cost of Greek Euro Exit Put at 1 Trillion The British government is making urgent …

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German FinMin: European Commission Should be EU-Government. HA!

I could have never imagined, German Finance Minister Wolfgang Schaeuble had a sense of humour. Reality proves me wrong. Apparently he has. Then it must be a joke when he proposes that the European Commission develops into an EU government! And this when a growing number of Europeans criticize in deepest frustration the path …

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Tsipras to CNN “Austerity Will Send Us to Hell” (video)

“Austerity will send us directly to hell” That was the main message of Alexis Tsipras, leader of left-wing SYRIZA to an American and international audience. Speaking to CNN’s Christiane Amanpour, Tsipras used the chance also to address German Chancellor Angela Merkel openly accusing her of “having put the euro and …

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Greek Interim Cabinet Sworn in – 300 MPs for A Day…

Greece’s interim cabinet was sworn in in Athens on Thursday morning. The “lean”, 16-member cabinet headed by Prime Minister Panagiotis Pikrammenos will will lead the country to fresh elections, on June 17th 2012. Greece’s caretaker government  mainly consists of academic professors, technocrats, former ministers, a retired general and a career diplomat. No …

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Greece’s Privatizations “Freeze” Until June-17 Elections and New Government

Greece will freeze privatizations until June-17 elections and a new government is being formed. This decision was taken by the board of  the State Private Property Fund  (TAIPD) on May 15, 2012. “We refrain from taking decisions that are binding for the future until the forming of the new government that …

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Greeks Pulled More than €700 Million from Banks After May-6 Elections

Greeks are trapped in a storm of political instability and economic uncertainty with recession at -7% and unemployment over 21%.  While they are struggling to cope with the situation and make ends meet,  they are exposed to a barrage of statements coming from abroad and threatening them euro exit. Even if this …

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What Does Loukanikos Have to Do With Arsonists in Germany?

That’s a fame Greece’s most famous riot dog Loukanikos would certainly not want. A group calling itself  “Friends of Loukanikos” claimed responsibility for the arson attack against the car of the wife of Horst Reichenbach, the head of European Union Task Force for Greece. However the car of Dagmar Roth-Behrendt, …

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Barroso Loses Battle Against Silence

As if it is not enough that Greeks are confronted with the national politicians in non-stop talking from morning till the evening, they will have to hear also the country’s lenders pressure and blackmailing efforts as the latter try to influence the voters’ hands ahead June 17th elections. Barroso Struggling with Healing Silence President …

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As Greeks Head to New Elections: Latest Public Poll

“Elections are over, long live the new elections!” This could be the slogan in Greece after 10-day government talks failed to come to a solution of a sustainable government. This happened for two reasons: First, because the austerity-hit and frustrated Greek voters were dispersed in all four directions of the political spectrum, thus …

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Next Greek Elections June 17th – Caretaker PM Judge Pikrammenos

President of Council of State, senior judge Panagiotis Pikrammenos is named caretaker Prime Minister, assigned to lead the country to fresh elections on June 17th 2012. The decision was taken by the president after political leaders failed anew to agree on a political person during a meeting on Wednesday noon. …

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Greek Leaders Meet To Agree Upon Caretaker PM – Live Blogging

Six out of the seven political leaders of the parties that entered the parliament at the May-6 elections are currently meeting in Athens to assign a caretaker prime minister who will lead the country to fresh elections after 10-day long talks did not manage to end in a coalition government. 01:00 …

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Hollande, Merkel Want Greece in the Euro Area…

While Greece is heading towards fresh elections amid political and economic instability, newly inaugurated French President Francois Hollande and Germna Chancellor Angela Merkel expressed their support to the debt-ridden country, saying that they want Greece to stay in the euro. “I want to reiterate, and we agreed on this, that we …

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