Thursday , February 29 2024

Recent News

Rethymnon: School Children Attend Classes in a …Church

You have to live in Greece to have an insight picture of what exactly going on here with a state unable to pay its duties. Three months after the beginning of the school year and elementary school children Gerani Rethymno still doing course on “borrowed” spaces, which have been converted …

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CEO of Alter TV CEO arrested for €1.2million unpaid VAT‎

Greece’s Economy Police proceeds unabated to the detention of big scale public debtors and on Monday afternoon the CEO of the privately-owned Alter television channel Kostas Yiannikos was arrested by the financial crime squad of the Finance Ministry (SDOE)  for failing to pay 1.2 million euro in VAT since the start of 2011. Yiannikos …

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Athens: Public Transport Work Stoppage, Nov 22

Workers at Athens Metro, Tram and Urban Train-HSAP will stage a work stoppage from 12 pm to 4 pm on November 22nd, 2011. Workers oppose the ‘labour reserve’ that sends people home with 60% on their income.

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Selling Umbrellas on a Sunny Day ?!

I was walking at the beach with a friend on Sunday noon. The air was a bit chilly, full with the essences of the sea. The sun was shining with an extraordinary intensity for the season, covering the Saronic Gulf, the sand and the people with a sparkling and happy light.  Young and old have have come …

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Greek Armed Forces: Free Lunch & Housing for Professional Officers

That soldiers enjoy a free meal at the barracks is normal. But that noncommissioned officers join the mess is indeed an issue. As the economic crisis, the strict austerity and the income decreases knock the doors of more and more Greek households, low ranking members of the Greek Armed Forces …

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Greek Armed Forces: Free Lunch & Free Housing for Professional Officers

That soldiers enjoy a free meal at the barracks is normal. But that noncommissioned officers join the mess is indeed an issue. As the economic crisis, the strict austerity and the income decreases knock the doors of more and more Greek households, low ranking members of the Greek Armed Forces …

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NYT: Conspiracies, Coups & Currencies – Greece & Italy

Do the markets cause the end of Democracy in Europe? If their pressure on elected governments is immense, the answer is most probably…. “Yes!”. There is this interesting article published on New York Times about “Conspiracies, Coups and Currencies“. It coincides more or less with the KTG-article “ Post-Post Modern Coup …

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Athens Stock Exchange at Level of 1993

The General Index of Athens Exchange moves below 700 points for the first time since April 1993, as concern about the debt crisis in Europe intensifies, reaching a peak after Moody’s warning to France. The rating agency said the deteriorating market climate was a threat to the country΄s credit outlook, …

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School Closes Due to Lack of Heating Oil

The Association of Parents at the 2. Elementary School on the island of Skiathos, Sporades, decided to close the school due to lack of heating oil.  The parents decided to do so because the municipality delayed the creation of the school committee with the effect that no heating oil can be …

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Greece’s Budget 2012: Recession, Unemployment, High Taxes

Greece’s Budget 2012 has been submitted to the Parliament on Friday after being approved by the Cabinet. According to the text tabled at the parliament, the Budget 2012 estimated that recession will be reduced to 2.8%, unemployment to exceed 17% and new taxes to empty taxpayers’ pockets by 12 billion …

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