Friday , February 7 2025

Recent News

“Heat Wave” Package Worth €11.5 Billion Hits Greece

Local thermometers have gone red. Not only in terms of temperatures (40-41°C today) but also in political-economical.  Greece’s coalition government is in the middle of a race with an award of  33 billion euro waving at the end of the road. The country’s lender’s are standing at the finish with …

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Animated Video About the History of the Olympic Games

British The Guardian published an animated video about the History of the Olympic Games: from spartan Ancient Greece Olympics to lavish London’s extravaganza. For some unexplained reason, I am not sure whether I like the video concept. Maybe because the noise I get is not of very quality. But the …

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IOC President Rogge Angers Greeks, Calling London “Home of the Olympics”

 Greeks are angry at International Olympic Committee president Jacques Rogge. During the Olympic Games 2012 opening ceremony Rogge called hosting city London “Home of the Olympics.”  And not only that. Jacques Rogge did not mentioned Greece at all, the country that created the Olympic Games more than 2,500 years ago.  Rogge described …

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Greece’s Bank-Employees’ Union (OTOE) On 24h Strike, July 30/2012

 Greece’s Bank-employees Federation (OTOE) launches a warning 24-hour strike on Monday, July 30th 2012. Among the policy changes in the banking sector that OTOE demands are: boosting of real economy and growth, support of social needs and relief of the Greek households, establishing the protection of employment, and defence of pensions, …

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Halyvourgia Steel Plant Workers To Return to Work After 272 Days of Strike

After 272 days of strike, workers at Halyvourgia steel plant decided to suspend the strike and return to work. Upon a recommendation of the Halyvourgia workers’ union, 107 voted in favour of strike suspension, 14 against, while 29 refrained from voting, in a secret-ballot process that took place on Saturday …

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Greece’s Private Sector Union GSEE Calls The Troika “Charlatans and Quacks”

The atmosphere during the meeting between private sector union umbrella GSEE and Troika representatives on Friday was chilly. In fact, it must have been icy-cold despite the high temperatures in Greece’s capital Athens when the issues of dramatically high unemployment, prolonged recession, cancellation of collective bargains and the miserable conditions in the …

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Greece’s Banks Deal: Piraeus Bank Absorbs Healthy Assets of ATE Bank

Debt-ridden Greece sent a positive message to the Troika, as it announced that the country’s fourth-biggest lender Piraeus Bank took over the healthy assets of state lender Agricultural Bank (ATE). Greece’s lender had been pushing since summer 2011 for ATEbank’s restructure as it was the only bank that had failed to pass …

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Madonna at Olympia/Paris: “The Greeks Have Nothing to Eat”

Pop star Madonna picked up the Greek and the global economic crisis on Thusday night (26. Jul 2012) during her concert at Olympia Hall in Paris. During a break of her program, the pop star talked about “scary moments” experienced by the people across the planet due to the collapse of …

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Another Greek Debt “Haircut” of 70-100 Billion Euro On The Way?

Are European policymakers work on a Greek debt “Haircut”? Allegedly they do, according to a Reuters story published on Friday afternoon. Euro zone officials told so to Reuters and added that a new “haircut” of estimated  voluem 70-100 billion euro  would be needed. Greek Debt Crisis Fix May Cost Central …

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