Tuesday , July 16 2024

Recent News

EP President Martin Schulz Postpones Athens Visit

President of European Parliament Martin Schulz postponed his visit to Athens scheduled for Sunday, May 13th 2012. Schulz was to meet Greek president Karolos Papoulias and allegedly political party leaders bringing a ‘kind of message’. Unconfirmed inofrmation claim that Schulz plans to visit Greece a week later. What could possible be …

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Greek Caretaker PM Meets President on “Issues that Urgently Need to be Addressed”

Caretaker Prime Minister and ex-banker  Lucas Papademos visited President Karolos Papoulias on Friday afternoon amid signs that the forming of a coalition government after May-6 elections seems difficult if not impossible. “I came to brief you about the developments in the economy and the international markets as well as about economic and foreign …

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EU Commission Predictions: Greece Recession -4.7%; Rest of EZ-South Does Not Feel Better Either…

I think it’s high time for European bureaucrats to take a deep, passionate look into the euro zone countries realities and thoroughly review their economic strategies. In its 2012 forecast report about growth within the EZ, the European Commission announced the griming predictions for the EZ in general and the European South in …

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German FinMin: “Euro Zone Can Do Without Greece”

Economic pressure is increasing by Greece’s lenders while Greece’s political party leaders pend between forming government and fresh elections. German Finance Minister Wolfgang Schaeuble shamelessly states that after two years of Greek crisis, “the euro zone area is enough protected and can do without Greece”, public surveys show that 73% of the Germans wish …

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*UPD*Greek Government: Never Ending Talks….

PASOK leader Evangelos Venizelos held a meeting this morning with leader of Nea Dimocratia Antonis Samaras. The meeting lasted half an hour the both leaders left without making statements. Samaras and Venizelos are to meet with their parliamentary groups in the afternoon. On the table is the proposal of Democratic …

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Survey After Greek Elections: SYRIZA 23.8%, ND 17.4%, PASOK….

Impressive is the increased support for left-wing SYRIZA even after the May-6 general elections. According to MARC public opinion survey conducted for ALPHA TV between May 8-9, while party leader Alexis Tsipras was assigned with the mandate to form a government, the respondent replied to the question about their voting intentions: SURVEY May …

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What Will Happen if Greece Leaves the Euro?

There is so much talk these days about a possible euro exit of Greece, especially under a left, anti-bailout government. I found an very interesting article about the consequences for Greece and the other Euro countries. The author, an Italian, asked several market experts on the impacts that “such a shock” would …

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Kouvelis: Ecumenical Gov’ Until 2014, Gradual Bailout Disengagement

Fotis Kouvelis, leader of Democratic Left, made a statement after meeting Evangelos Venizelos form PASOK, who has the mandate to form a coalition government. Kouvelis offered a counter proposal: ” The time of truth has come” Kouvelis said while his statement was on live broadcast. “I offered Venizelos to form …

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Athen Stock Exchange Rises +4.19: Markets “Vote” for Venizelos?

It looks as if markets vote for former Finance Minister Evangelos Venizelos in contrast to the Greek people. General Index of Athens Stock Exchange rose on Thursday and banks recorded a +5.26% increase, after strong pressure on three consecutive days, and after the leader of PASOK was appointed by the Greek president to lead exploratory …

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EFSF – Greek Bailout Tranche: €4.2 Bn Now, “One Billion Later”…

Panicked by the perspective of an anti-bailout left government in Greece that could set a bad example for other bailout countries and folks, Greece’s lenders use all means to increase pressure and tame future prime ministers and voters. Instead of releasing the full May-tranche amounting 5.2 billion euro, the EFSF  released only 4.2 billion …

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Unemployment in Greece: 21.7% in February 2012

900 people were losing their jobs on a daily basis in February 2012, pushing  the unemployment rates to 21.7%. According to Greek Statistics Authority (ELSTAT) the number of unemployed in 1,070,724 people and the number of employed suffered a 8% decrease, when compared to February 2011. Among the youth, younger …

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