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Athens: School Children To Get Free Meals – Thessaloniki: 500 Kids Go to School w/o Breakfast

January 31, 2012 6

This is a Greek reality that officials could not turn a blind eye to. The fact that many families cannot properly feed their children anymore due to the strict austerity and devastating economic crisis. As the phenomenon of malnourished school children has been increasing, the Education Ministry decided to provide children with free snack-meals in 18 …

Sarkozy Rejects the Idea of “State Commissioner” For Greece

January 31, 2012 4

The German proposal of a “state commissioner” for Greece is off the table. Moreover the proposal has been rejected by Merkel’s best friend, French president Nicolas Sarkozy. He said that the austerity programme can only be applied by the Greeks themselves. On their turn Greeks felt unbelievable relieved. Now they will …

25 EU Leaders Agree on Fiscal Compact Treaty. What’s that?

January 30, 2012 Comments Off on 25 EU Leaders Agree on Fiscal Compact Treaty. What’s that?

Twenty five European Union leaders agreed at the EU summit on a new fiscal treaty designed to strengthen budget deficit and debt rules in all EU members. UK and the Czech Republic have decided not to enter into it. The new Treaty, now a Treaty of 25 countries, will impose German …

Is Portugal the Next Greece? And How About Ireland?

January 30, 2012 Comments Off on Is Portugal the Next Greece? And How About Ireland?

While Greece struggles in Brussels to convince its European partners of its good intentions, Portugal seems to follow the path of Greece. The IMF prescription programme didn’t help the Portuguese economy either. On Monday borrowing costs for Portugal rose to euro-era highs. The same happened with CDS that hit a record of …

The Troika: Killing the Greek Patient – Softly?

January 30, 2012 2

While the Troika meets with several Greek ministers, its demands get more and more absurd. In fact, they are not absurd, they’re just the IMF’s policies of ‘hit and kill’ applied everywhere in the world. In order to push for further of cuts in the public expenditure, the representatives of Greece’s …

UPD2: Toll Fees Hikes as of Feb 1, 2012

January 30, 2012 Comments Off on UPD2: Toll Fees Hikes as of Feb 1, 2012

UPDATE2: Toll fees prices will increase in all highways. exempted are the highways Corinth-Patras and Attiki Odos. Toll fees prices will be increased at the toll stations of Eleusis and Isthmos as of February 1, 2012, the road construction consortium Olympia Odos announced on Monday. The fees for passangers’ car …

President Plevneliev: Bulgaria is an Example for Greece

January 30, 2012 Comments Off on President Plevneliev: Bulgaria is an Example for Greece

What do we have here? A reviving of former Germany’s allies expressing in one or other way their admiration for iron fiscal policies of Angela Merkel? Working with the target of a German hegemony in Europe through an economic strategy? Bulgarian president Rosen Plevneliev told German edition of Financial Times that Germany should …

Finnish FinMin: Greece Causes Uncertainty …like Cancer

January 30, 2012 4

(Reuters) – Finnish finance minister Jutta Urpilainen on Sunday expressed her concern over Greece, the troubled euro state which has repeatedly failed to meet the fiscal targets set out by its international lenders. ‘Greece’s situation causes uncertainty, it is like cancer. As long as its own situation is uncertain, it …

German Minister Supports a “State Commissioner” for Greece

January 30, 2012 6

Yeap. It’s official. German Economy Minister Philipp Roesler fully agrees with the idea of a ‘state commissioner’ for Greece. He spoke to German newspaper Bild and here is what he said: German Economy Minister Philipp Roesler backed beefed-up EU monitoring of Greece in an interview to be published on Monday, …

Papademos Gets Coalition Gov’ Support – Greece’s Red Lines

January 29, 2012 5

Greece’s prime minister Lucas Papademos made his point of view very clear on Sunday after meeting the leaders of the three parties forming his coalition government. “If this process [ PSI, second bailout] is not completed successfully, we will find ourselves faced with the specter of bankruptcy which will have …

“One Step Away From PSI Deal” – Why Greeks & Troika Unhappy?

January 29, 2012 2

Greece and its private creditors are apparently one step away from completing the voluntary Greek Bond Swap (PSI). “We are one step away from PSI deal”, Greek Finance Minister Evangelos Venizelos said. “We are close to the finalization of a voluntary PSI”, head of Institute of International Finance Charles Dallara said …

Davos Topless Protest – 3 Ukranian Women Detained

January 29, 2012 2

Three topless Ukrainian protesters, members of the Femen movement, were detained Saturday while trying to break into an invitation-only gathering of international CEOs and political leaders to call attention to the needs of the world’s poor. Separately, demonstrators from the Occupy movement marched to the edge of the gathering. After …