Keep Talking Greece Greek News in English, Blog, Wit & Drama

You can call it what you want. A Farce. A Drama. A Tragicomedy. Political Acrobats. Theater of the Absurd. A Crazy-House. A Poker game. A Kindergarten. The political pandemonium  that took part yesterday in Greece was beyond any of logic. It stunned foreigners and Greeks alike. The national humiliation in Cannes, the referendum-‘card’ …

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Greece is in uproar after French President Nicholas Sarkozy and German Chancellor Angela Merkel imposed the date and the referendum question and froze the 6th aid tranche of 8 billion euro until Greeks say YES to referendum. It was short after midnight when Merkel and Sarkozy announced the referendum conditions …

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What a glorious failure for the Greek … “Dream Team” in Cannes! EU leaders and IMF technocrats dictated that the Referendum will be held on December 4th, 2011 and that they will freeze the €8-billion aid tranche until Greeks vote YES. Furthermore they demanded that the question will not be …

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 “Blackmailing” has turned into major strategic tool among EU leaders and IMF technocrats and the ‘shock’ referendum proposal of Greek PM George Papandreou seems to backfire. It blocks the release of the six aid tranche of 8 billion euro for the payment of pensions and wages. CANNES, France(Reuters) – The European …

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An apparently “angry” Sarkozy and an allegedly “shocked” Merkel are to welcome Greek PM George Papandreou in Cannes, a “Greek side-dish” on the G20 Summit menu. Sarkozy and Merkel claim that they were stunned and taken by surprise by Papandreou’s referendum on the loan-agreement and they expressed their objection to the …

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The invitation of French President Nicholas Sakrozy to Greek PM George Papandreou had a catalytic role in the political turmoil that broke out in Greece after Papandreou announced a referendum on the loan-agreement of October 26th. With no exception all opposition parties rejected the planned referendum and retiated their demand …

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 One of the biggest newspaper in Greece closes it doors to news. “Eleytherotypia” is the first newspaper published right after the dictatorship, on July 21, 1975 and within a year it was established in one of the large circulation newspapers. The sudden but in fact rather expected end was announced on …

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The atmosphere within Greece’s governing party PASOK seems to be extremeley thick and Ministers come now and openly oppose the referendum or distance themselves after the fierce reactions by opposition parties and public. It looks as if PM Papandreou had not informed the cabinet on this decision, but just a few …

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What referendum? What early elections? What 50% haircut or 100% bankruptcy? Greeks were not born two years ago. They have a long history, they fought several wars and suffered many hardships. Should they be sacrifized to save the EURO? Hm…. Enough is enough. And you know something?  We are Proud …

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The winds of Aeolus strongly started to blow in Greece and a storm of reactions came from the opposition, after PM George Papandreou announced a referendum on the loan-agreement of the Oct 26th, 2011 and a confidence vote. The whole opposition asks early elections, the Athens Stock Exchange plunges and …

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The Athens Stock Exchange suffered heavy losses of -6.92% in the aftermath of the referendum announcement on the loan-agreement on Monday evening by PM George Papandreou. The General Index closed qt 782.65 unit and the total volume was 75.72 million euro. Stocks on the banking sector suffered the heaviest losses …

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I guess the IMF is speechless too. So far there has been not official statement to the decision of Greek prime minister George Papandreou to put the new loan agreement in a referendum. Formally, the response of the representative of the European Union Carolina Kotova was “no comment” and “We …

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