Thursday , December 12 2024

Recent News

IMF in Athens: Driving Large and Tax Free?

 There is a question here, whether Greece’s lenders IMF escaped paying Value Added Tax after importing the car they go around and control the country fiscal discipline. Yorgos Anatolakis, MP from coalition government partner, the far right-LAOS, filed a question at the Greek Parliament addressed to the Ministry of Infrastructure and  …

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Tough Bargain on Greek PSI End in No Result

The tough negotiations between Greece and the bankers on Greek debt restructuring (PSI) concluded in Athens on Tuesday but without result. The two sides were unable to agree on the interest rates that would ‘sweeten’ private creditors to swallow the bitter pill of ‘haircut’ of the Greek state bonds they hold. …

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Impressive ‘Black Hole’ of 7Bn EUR in Greece’s Budget Deficit

Despite the emergency taxes and levies and the hikes in Value Added Tax, Greece’s Budget deficit derailed and recorded an impressive black hole of €6.886 billion in the first eleven months of 2011. “The budget deficit widened 5.1% from January to November 2011 due to deeper than expected recession” the Finance …

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Riot Police Against Disabled Greeks on Wheel Chairs Protesting Welfare Cuts by EU/IMF

There must be something rotten in the heads of some people governing this country. On Tuesday morning in Athens, riot police was deployed to avert (riots by?)  hundreds of disabled Greeks on wheel chairs to come close to Prime Minister’s Mansion, the Greek Parliament and the Finance Ministry. The disabled on wheel chairs had gathered …

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Explosive Device at Greek Embassy in Paris

A self-made explosive device was found at the Greek embassy in Paris. Embassy staff was evacuated and Frnehc police defused the decive. Greek media report that “according to information, the responsibility was claimed by an Italian organisation”.

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Some Jobless Greeks Seek Work In “Film” Production?

Students, family fathers and even civil servants desperately seek means to improve their collapsed income. There is not cash in the market and and the jobs offering almost at zero. Now a Greek weekly claims that the “sensual film production” seems to be a good alternative to earn some money and …

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CNN Report: Greece’s New Homeless (video) – Shocked?

Greece middle classes are deteriorating under the strict austerity. After the social calls of Greece’s new poor, a new social class arises in the streets and squares of Athens: Greece’s new homeless. With an average age at 47 years, 11% of Greece homeless has a university degree, 23.5% a high …

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Greek PM & FinMin: No New Austerity If You Pay!

 Greek Prime Minister Lucas Papademos expressed satisfaction over the EU Summit of Dec 8-9th 2011, that layed the gorund for the new fiscal-disciplined European Fiscal Union. “Today’s summit decisions are a big step towards budget coordination and unification within the eurozone. By securing budget discipline we will in the future prevent uncontrolled …

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Full Moon and Total Eclipse: How Do They Affect Our Lives?

A wonderful ‘blood-red’ full moon will rise after the sunset on December 10th, 2011. Bright and mysterious and a kind of scary. The full moon on Dec 10/11thfalls victim of a total lunar eclipse. As the moon will rise in Europe it will be covered partially with the shadow of the earth, …

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Athens 11° C: Latest Trends Bei Greece’s New Poor

That was another sunny day in Athens today. Chilly but sunny. I had to go ‘downtown’ of the suburb I live to fix some issues, buy a birthday present for a friend. I walked around and visited several shops. What a miserable ‘festive’ mood! Hardly customers inside, not very modern or good quality staff, …

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The EU-Summit Conclusions in Short…

The new European Treaty will include Eurozone’s 17 member states and six more countries but not all 27 EU countries, according to the President of European Council Herman Van Rompuy. The President said that the countries would provide additional funds of €200 billion to the International Monetary Fund. Its managing director …

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