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Recent News

Athens: Public Transport Strike & Car-Pool Alternative, Sept 23

Athenians experience another day without major public transport mean, as the Metro, the Urban Train-HSAP and the Tram are on 24-hour strike, on Friday, September 23rd 2011. This morning the traffic jams of desperate motorists trying to reach their work places were incredible. Meanwhile, residents of Athens with or without …

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Athens: New Acropolis Museum Events Free of Charge, Sept 23

The New Acropolis Museum celebrates the European Days of Cultural Heritage today, Friday, September 23rd 2001. It will be open from 8 am until midnight.  At 8 pm,  Monsieur Minimal Full Band and Marietta Fafouti Band will entertain the visitors with live music. Museum visit and event are free of charge. …

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Poll: 62% believe Greek Gov. Not Authorized to Take Austerity Measures

The pulse of the society comes form the island of Crete, specifically from the Chania prefecture. According to a public poll, conducted by Cretan Polls, 65.5% of the asked Greeks replied that the government is not authorized to take the austerity measures. 42.1% believe that the economic situation will worsen …

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Students Protested Outside Greek PM’s Home (video)

Some 150 school and university students protested outside the home of Greek prime minister George Papandreou on Thursday morning. Six riot police squads were immediately sent to the Castri area in the north suburbs of Athens. Cordoning the area, the police hindered the students to near PM’s home, at a …

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Can the New Austerity Measures Prevent a Greek Default?

There must be “something rotten in the state” of… Greece. While austerity measures drain the Greeks, freeze the market and deepen the recession, the government seems unable to take control of its expenses or to raise revenues due to … the recession. The State Deficit amounts  to €18,086 million in January-August 2011, …

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Athens: Car Pool at Public Transport Strike via Twitter

There is an unofficial service initiated by the website Athens Transport via Twitter. It runs in Greek but you can post your message, offering or seeking a Car Pool in the hashtag #carpoolgr. Also KTEL-Buses operate between downtown Athens and the Airport every 30 minutes. Ticket €5. Please, share in …

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Uncontrolled Taxation Shocks Greeks – The New Austerity Measures

The new and additional austerity measures, the new uncontrolled taxation of low incomes, are here and they have been given to the stunned Greeks via a written statement. I guess, no government minister dared a televised announcement fearing that the television screens would be covered with yogurt – and who can spare even a …

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What Should A Greek Wear in Times of Austerity?

Nice and clean underwear, like a sexy boxer! It is a must-have, claims STAR.gr. And I add, that a debt-ridden Greek man should keep , if nothing else, at least his underwear dignity! Star advises men to avoid underwear with hearts, teddy bears or cartoons, not even animal print or a … string [ …

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Greek FinMin: We Are Lucky To Be Under International Control

This unbelievable sentence was worded by Greek Finance Minister Evangelos Venizelos on Wednesday morning while he was informing the parliament about his talks with the Troika on Tuesday night and stressing the need of new austerity measures. In a speech sprinkled with dramatic tones, Venizelos spoke of  “absolute fiscal derailment” …

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Athens: All Public Transport and Taxis on Strike, Sept 22

Taxi owners decided to join the strike of public transporters and will pull their vehicles’ brakes tomorrow, September 22nd 2011. Boycotting the commerce? Blocking people from going to work? Who cares? Some interest groups do care only for their pockets, in times when the Greek society has lost its balance and …

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IMF Report on Greece: Growth -2%, Unemployment 18.5% for 2012

Ominous are the forecasts of the International Monatery Fund for the Greek economy and it sees no exit from the black tunnel we are in. In its Global Report – Autumn 2011, published a couple of days ago, the IMF forecast shocking data for growth and unemployment. In fact it sees …

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Greece’s “Plan B” for Liquidity

It looks as if Greece has a Plan B should negotiations with Troika for the sixth bailout tranche will fail tonight, or tomorrow, or… Rumors claim the state has money until October 13th 2011. So how will salaries and pensions will be paid? Read below: Greece has Sufficient Fund until …

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