Monday , July 22 2024

Recent News

Athens: Acropolis on Strike too, Oct 12-13/11

The padlock was installed at the entrance of Acropolis already yesterday. This morning  riot police squads took position outside the archaeological site. The Archaeologists will move to Acropolis at 11.30 am to protest the “labour reserve”, the salary cuts with the new payroll, the merger of state institutions that leaves people without a …

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Thessaloniki: Protesters Build Wall at Entrance of Water Company (video)

Employees at the Water  Company of  Thessaloniki in Northern Greece were really zealous this morning. They staged their protest to the privatization of the Water Supply and Sewerage Company EYATH) carrying bricks and sand and water. They met at 6 o clock in the morning and started building a wall at …

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The New Black Holes in Greece’s Budget Deficit

Greeks suffer under the harsh austerity and Greece’s Budget Deficit is growing…  Huge ‘black’ holes appeared in the period Jan-Sept 2011 and Athens seems unable to meet its fiscal targets. Direct and indirect taxes pour into the barrel without bottom and the state has to collect 5,5 billion EUR to meet …

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IMF & Co Give “Green Light” for 8b EUR to Greece

Greece’s lenders representatives in Athens, also known as the “Troika”, released their report on fiscal progress and gave the green light for the 8 billion EUR. The sixth bailout tranche would be released to Greece most likely in early November, after the Eurogroup & IMF approval of the progress report. Finance Minister …

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When Greeks Make Fun of Political Leaders…

It’s all over the Greek internet. The Steve-Jobs (God rest him in peace) photo parody with Greek politicians. It started with PM Papandreou and “No Jobs”.  PM George Papandreou Today there is a whole series with the majority of Greek political party leaders. Enjoy! Major opposition Nea Dimokratia & Antonis …

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Wanna Know Why Greece Went Bankrupt?

OK, Greece went bankrupt partly because of the tax evasion. Partly because of 1,000 reasons. But most of all because of the scandalous wages in the public sector and state-run enterprises. There is this delicious report of Greek newspaper Proto Thema  on its online edition. The report focuses on the transfer …

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Troika’s Best: Sacrifice Private Sector for …Public Sector

The shameless e-mail the Troika-guys sent to Greek government and demanded the lowering of lowest wages has be given to public by the private sector union GSEE during a press conference on Monday. The Troika technocrats demand the cancelling of the Labour National Bargain, the decrease and the freezing of …

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Media Markt-SATURN Closes Shops in Greece

Investments here, investments there, the retail market is frozen and big chains do their arrangements with firing personnel or closing down. Big German chain of stores with consumers electronics Media Markt Saturn announced the closure of three big stores in Athens and Thessaloniki on Monday afternoon. Media Markt issued a statement after Greek …

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UPD v. Rompuy: EU Summit One Week Later, Oct 23

UPDATE: Greek Prime Minister George Papandreou had a telephone conversation with Herman van Rompuy and the two men agreed to meet as soon as possible, most likeley this week in Brussels. After a round of consultations last week and over the weekend, inter alia with the Presidents of the Commission …

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Greek FinMin: You Are Getting Poorer, folks!

 I dont’ know if I should laugh or cry – or even scream about what Finance Minister Evangelos Venizelos told parliamentary committee on economic affairs. “Unfortunately incomes will fall to those of 2004 and living stands as well” he said and stunned Greeks, who feel they live already in the …

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Greeks Coping with the Crisis … or not!

Weekends have been quite ‘teaching’ for me recently as I go more around, chat with neighbors and meet friends and learn more about the concerns of the Greek society. I only need to go to neighborhood super-market to return home depressed. To tell you the truth, every Monday there is a bitter …

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Greek Students Protest Interior Minister, Hurl Yogurts (video)

 Woody Allen’s ‘Midnight in Paris’ had an unexpected surprise for Greece’s Interior Minister Xaris Kastanidis on Friday night in Thessaloniki. Instead of enjoying a movie romance with a pop corn special, Kastanidis had to hear the protests of students who not only raised a banner and chanted  anti-government slogans, but …

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