Tuesday , December 10 2024

Recent News

Samaras’ Government Seeks Vote of Confidence on Sunday Midnight

It’s kind of difficult to catch up with the Greek politics and economy after a week’s summer break. While I was away, Prime Minister Antonis Samaras returned to office after the eye surgery recovery and read the government programme at the Greek Parliament. On Friday Samaras revealed nine steps that would …

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Outrage Over €1,000 Elections Bonus for Greek Parliament Employees

HA! If that’s not a provocation for the majority of Greeks  especially those  in the private sector struggling to make ends meet… Parliament speaker Vyron Polydoras approved to pay to parliament personnel an flat allowance of 1,000 euro due to overtime work because of the two elections in May and …

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PM Samaras Meets the Troika, Finance Minister Sworn-in

Slowly and gradually Greece got its government complete. Yiannis Stournaras was sworn-in as Finance Minister on Thursday morning and thus under the presence of Prime Minister Antonis Samaras. He made his first official appearance after his eye surgery almost two weeks ago. Antonis Samaras seemed in good mood even thought …

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Lagarde: Not In a Mood for Negotiation with Greece

International Monetary Fund Managing Director Christine Lagarde said she is not in the mood to renegotiate the terms of Greece’s bailout agreement. “I am not in a negotiation or renegotiation mood at all,” Lagarde said in an interview on CBNC television Bloomberg reported. “We are in a fact-finding mood.” Officials …

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Greece’s National Bank in Talks with Credit Agricole over Emporiki Bank

National Bank, Greece΄s biggest lender, said on Monday it was in talks with France΄s Credit Agricole over a strategic alliance with Credit Agricole΄s Greek unit, Emporiki. “There were discussions between the managements of National and Credit Agricole regarding the potential for future strategic alliances, which are at an initial phase,” …

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How about some summer vacation?

July 1, 2012: The euro zone is apparently  on a safe track, money is supposedly to be given to the banks for growth and development.. Greece is being granted some ‘mercy’ time until some things are settled: PM Samaras is back to work, new Finance Minister Stournaras takes up office and …

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EU Leaders Approved €120-Billion Jobs-, Growth-Plan via EIB

European Union leaders approved a 120 billion-euro ($149 billion) plan to promote growth in the 27-nation bloc that includes a capital boost for the European Investment Bank. The government chiefs agreed on a 10 billion-euro capital increase for the EIB today as a centerpiece of the long-term growth plan, which …

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Famous Riot-Dog Loukanikos Got a Bar in …Madrid!

Greece’s famous riot dog got a bar in Madrid. Well, not he himself personally but some Spanish fans of him. They opened a bar and gave the name of the most famous dog around the world. According to the report, a lot of Loukanikos’ pictures hang on the walls of …

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Veria: Court Clears Chrysi Avgi Members, Punishes the Plaintiff

A court in Veria, Northern Greece, cleared seven out of eight members and supporters of the extreme-right Chrysi Avgi (Golden Dawn) of charges of assault against the owner of a local coffee shop. One defendant received a four-month jail sentence suspended for 3 years for causing physical damage.  The same punishment and for the …

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