Keep Talking Greece

Is Greece’s Odious Debt growing? Comverse Technology – OTE

April 12, 2011 Comments Off on Is Greece’s Odious Debt growing? Comverse Technology – OTE

Feeling like reading about another alleged bribes scandal? Bloomberg has it. And Yes, it involves another state company. The Hellenic Telecommunications Organization OTE. According to Bloomberg, it involves the New York-based Comverse Technology, a voice-mail software maker, currently under investigation for Foreign Corrupt Practices Act by the US Justice Department. The …

Greek FinMin’s plans for wages cuts in state-run enterprises DEKO

April 12, 2011 Comments Off on Greek FinMin’s plans for wages cuts in state-run enterprises DEKO

New wages and benefits cuts and possible lay offs are on the way as the Greek government prepares a thorough spending recostruction plan for the state-run public enterprises DEKO. Greece’s lenders IMF/EU/ECB have put the knife in Athens neck and demanded immediate intervesions in order to raise at least 2.5-3 billion euros. The plans …

EU Council Van Rompuy to Greeks: Unavoidable reforms for better tomorrow? You don’t say…

April 12, 2011 Comments Off on EU Council Van Rompuy to Greeks: Unavoidable reforms for better tomorrow? You don’t say…

Oh these EU technocrats, percentage calculators and professional politicians. Especially those from the far away Brussels who take crucial decisions for the fates of the European taxpayers who enable them to live in glass cocoons. European Council President Herman Van Rompuy, currently in Athens, urged Greece to continue with unavoidable, ‘painful but necessary’ reforms and said it was vital …

Israel: Travel Warning for Greece’s Islands, Crete, other Medit-Countries

April 11, 2011 1

Israel issued a travel warning for its citizens out of possible fears of attacks or even kidnaps by terror organizations. According to Ynetnews, the general travel advisory wanrs Israelis and Jews not to visit the Mediterranean Basin, Far East during Passover holiday. State official says sensitive destinations include Turkey, Egypt, Libya …

Material Black Out threatens Greece’s State Hospitals

April 11, 2011 Comments Off on Material Black Out threatens Greece’s State Hospitals

A material black out threatens Greek state hospitals as suppliers decided to suspend deliveries. Bandages, gauze and other medical supplies will be a rarity- although in some state hospitals these materials are already in shortage. Representatives of the Panhellenic Association of Suppliers of Medical Items have decided to suspend deliveries …

Greece’s Debt: “Voluntary Agreement” -What’s that?

April 11, 2011 Comments Off on Greece’s Debt: “Voluntary Agreement” -What’s that?

This is an economic term you will probably be reading and hearing in the upcoming weeks – or at least until Greece’s obeys to the calls for a debt restructure: “Voluntary Agreement” What is this? This is originally designed to provide relief to debts generated as a result of business …

Beautiful Moments: Antony Quinn, 84, dances for Mikis Theodorakis (video)

April 11, 2011 Comments Off on Beautiful Moments: Antony Quinn, 84, dances for Mikis Theodorakis (video)

Debt Restructure? Bankruptcy? Let the sterile technocrats worry about how to protect their own, virtual money. Millions of Greek Zorbas defy the speculators’ misery and catastrophe scenarios. It sounds like a game anyway. That is a great video from the times when people had still something to say. In a rare moment, Mr. …

Piraeus: Bus Passenger shoots at Ticket Controller

April 11, 2011 Comments Off on Piraeus: Bus Passenger shoots at Ticket Controller

Scenes from Far West occurred in a Piraeus bus when a passenger opened fired against a ticket controller. The incident occurred in the bus line 843, from Piraeus to Keratsini. When the ticket controller asked a passenger to check his ticket, the man took out an air rifle and shot …

Athens Metro: German Rail bribed hand in hand with Siemens?

April 11, 2011 Comments Off on Athens Metro: German Rail bribed hand in hand with Siemens?

This post would also worth to bear the title “How Germany ruined Greece economically” or what is Germany’s contribution to Greece’s economical collapse”. Yes! I’d love a satanic “hehe” here… German weekly DER SPIEGEL brings into the spot light another bribes scandal. This time involved is the DBI – Deutsche Bundesbahn …

Athens: Tear Gas at Temporary Municipality Workers

April 11, 2011 Comments Off on Athens: Tear Gas at Temporary Municipality Workers

Tear gas and sound flares were fired against protesters, temporary workers at the Athens municipality. The incidents started when the protesters climbed the rails of the yard where the municipality council was holding a meeting in the premises of Athens 9,84 FM. The workers even managed to set aside the strong riot …

Tsipras: Deputy PM is the BILD newspaper of the Greek government

April 11, 2011 Comments Off on Tsipras: Deputy PM is the BILD newspaper of the Greek government

I normally avoid to post about the fights among members of different Greek political parties that mostly serve internal affairs and voters. But this line of Left Wing party Synaspismos chairman Alexis Tsipras is really worth reporting. Tsipras was referring to deputy prime minister Theodoros Pangalos who on his part has often …

DER SPIEGEL: Germany Unwilling to Provide Aid to Greece-Debt Resutructuring inevitable

April 11, 2011 Comments Off on DER SPIEGEL: Germany Unwilling to Provide Aid to Greece-Debt Resutructuring inevitable

Despite all the denials, there is a growing realization that a so-called haircut for Greece’s debt can no longer be avoided, reports DER SPIEGEL. The German weekly claims that Germany is opposed to giving Greece any more financial aid and therefore Athens will have little choice but to restructure its debt. Last …