Thursday , January 23 2025

Recent News

Athens Protests Syntagma, June 12 – Live Blogging

Thousands Greeks are flocking to Syntagma Square to protest in front of the Parliament. Greeks have been protesting the strict austerity measures for 19 days now. However this Sunday’s it looks as the crowd is as big as it was last week. Last Sunday  300,000 to 500,000 people had flooded the centre of …

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Guest Post: Greece – Anyone Here Feeling Rescued?

I love to receive interesting posts by KTG-readers. Different ideas and opinions enrich a blog anyway. An article on Greek economy and rescue efforts, written in a way that everybody can understand,  is a must now a days for those who want to know the What and Why and Why Not as …

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Greek Fin Min Announced the Austerity Measures

Greece Finance Minister George Papaconstantinou announced in a press conference on Friday the additional austerity measures that will drive to despair millions of Greeks. Fast Track austerity or Fast Track poverty. Read some of the measures that will hit the pockets of the average Greek or even Foreigner who pays …

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Menegaki’s diet…

Do you know Eleni Menegaki? She is a juicy, blond TV-persona, celebrated for years as the ‘Queen of morning TV-shows’. She has three children and an attractive lover, after her divorce from her children’s father. Now the secret of her perfect body has been revealed in a women’s magazine – or something like …

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Disoriented in Greece

I am disoriented today. I feel the heavy load of the additional austerity measures over my shoulders. I have been hanging on the phone and e-mail box the whole morning. Friends call and we exchange views on the measures. Despair. Hopelessness. Internet friends send e-mails asking about Greece’s economic future. What can I …

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Greek Cabinet Approves XXLL Austerity Measures

Greek cabinet approved on Thursday a package of  austerity measures, the so called ‘II. Memorandum of Understanding” or else “Budget Plan 2011-2015” or else “Mid-Term Stability program” dictated by the IMF/EU/ECB Troika. Call it whatever you want, the package contains measures that will kill small and medium enterprises, drive mad families, starve …

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UPDATE: Greece -General Strike-Flights, Ferries – June 15

uPDATE 06/14: Air traffic controllers cancelled their strike for June 15, 2011. All flights from/to Greece will operate as usual!  The union of seamen also declared to participate on the general strike. No ferries or other ships will sail from major Greek ports. Check with your travel agent for updates!

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Is the “Euro-Drachma” a solution for Greece?

Is the “Euro-Drachma” a solution for the Greek crisis? No, not, a coin featuring Euro on one side and Drachma on the other side, as an internet user posted in a Greek economic forum. But the  Euro-Drachma would be the currency to be used for the internal trade within Greece, …

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Larisa: Teacher Muzzles Pupils with Tape

A school teacher silenced two elementary school pupils with a tape because they were talking too much! The pupils managed to unmuzzle themselves and complained to their parents about the unbelievable teacher’s behaviour. On their part, the parents complained to the headmaster who ordered an investigation on the issue and …

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Greek Mirage 2000 Crashed into the Sea off Samos

A double-seater Mirage 2000 of the Hellenic Air Force crashed into the sea area off the island of Samos on Thursday. The two pilots used the ejector seats to escape the falling aircraft. They were later rescued and are been transported on a C-130 to Athens military hospital. The Mirage was on training …

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Souda: Greek F-16 On Fire During Taking Off

The engine of a Greek F-16 caught fire during the take off from the Souda airbase on Crete earlier on Wednesday. The fire was followed by a small explosion and some metal parts were detached. During the thriller that lasted a couple of minutes, the pilot managed to empty the fuel …

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Greece: Unemployment hits new record with 16.2%

Each and every month unemployment in Greece hits new records, with the latest report of the Greek Statistics Authority  to state that the jobless rate for  March climber at 16,2% !  A month earlier, February 2011, the jobless rate was at 15.9% , while a year earlier (Marc 2010) the rate was …

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