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Greece: At the next tone, the Prime Minister will be…

10:35 pm Nothing new. Live blogging is over… unless there would be some breakingthrough, of course.   07:45 pm Nothing new comes out – KTG is taking a shot/medium’long break, unless extraordinary developments happen….   07:15 pm Nothing new from the Greek front -[ Why do I have the feeling Samaras …

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UPD: Papandreou-Samaras Agreed on Unity Government!

Scroll Down for the Latest Updates -Original Title of the post ” Greece’s new government – They play with our nerves “… But in fact Greek politicians play with their own nerves, the nerves of the media and the nerves of the Europeans. The nerves of the market investors, share holders and hedge …

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150 MEPs Ask Oettinger’s Resignation Over “Flags At Half Mast” – He Denies Comment …due to Language Problems? (video)

A cross-political party group of 150 members of the EU parliament asked EU Energy Commissioner Minister Günther Oettinger either to apologize or to resign over his proposal to German BILD news paper that “debt sinners should fly their flags at half mast in front of the EU buildings.”. The MEPs …

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EU Under TinFoilHat-Protection: No Greek Default, No Euro Exit

Europeans send reassuring messages just hours before the critical teleconference between Papandreou, Merkel and Sarkozy and hours after  Kassandra’s bombshells heralding Greek default and pushing for exit from the euro zone.   EU economic and monetary affairs Commissioner Olli Rehn said on Wednesday morning: “A Greek default or euro exit would carry …

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Euro-Crisis: It’s all Greek to you…

…but it’s Chinese to me! Then for us, Greeks, the idiom “It’s all Greek to me” makes really no sense. However, whether in Chinese or in Greek, the Greek crisis makes no more sense to anybody. The Eurogroup in Luxembroug postponed its decision to release the 5th tranche of 12 billion …

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Vote for IMF-Package or Vote for Bankruptcy? Early Elections in July?

The next days will be dramatic for the Greek government as 16  PASOK deputies express concern about the Mid-Term “Rescue” Package imposed by the IMF/EU/ECB Troika.  Furthermore, quite some government ministers allegedly oppose the bright spectrum of privatizations and assets sales. Others oppose the idea of having ‘Troika-Commissioners” overlooking their jobs. Prime …

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Barroso: Living Groovy on EU-Taxpayers money

They came to teach Greeks financial discipline and expenditure cuts. A Spartan way of life. However the ladies and gentlemen from the European Union Commission under the chairmanship of Portuguese J. M. Barroso live a live in luxury with expensive cocktail parties, private jets, luxurious away-days with spa and foam baths, …

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Moody’s downgrades Greece lower than …Egypt

Another brick in Greece’s wall and in the heads of our government in general, and Finance Minister’s in particular. Rating Agency Moody’s downgraded Greece and placed it below … Egypt! Reuters just reported that Moody’s slashed Greece’s credit rating by three notches on Monday due to an increased default risk, raising …

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Greece at Crossroads or Deadlock?

Pressure is mounting against the Greek government, pressure is coming from inland and abroad. In Greece opposition parties refuse to bless the ‘midterm IMF/EU/ECB plan for 2011-2015’. Ordinary people occupy the major squares of 38 cities and chant “Thieves! Thieves!”.  A governing party EU official drops a bombshell and threatens – some call it ‘blackmailing’ – “More …

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It’s official! Unemployment kills!

Yes, it is official! Unemployment leads not only to financial extermination but also to biological. This is said more or less by Lazlo Andor, EU Commissioner responsible for Employment, Social Affairs and Inclusion Building a fairer future.    Each percentage increase in national unemployment attributes to a 0.8%  increase of suicides by …

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Keratea Landfill: Non-Stop Protest with 2m deep trench in the middle of the road

The struggle spirit of the Keratea citizens opposing government plans for a landfill has not limits. Last night ‘inknown revolters’ dug a two meter deep trench in the middle of the main Layrio road in order to prohibit construction units to reach the area. The trench was dug during the …

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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 …

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Turkish Minister claims: Greece is 900km(!) away from Akkuyu

HA!HA!HA! I always thought Greece had a direct border to Turkey. But a Turkish minister comes to teach me better! “Greece is 900 km away from Akkuyu” claimed Taner Yildiz, Turkey’s Minister of Energy & Natural Resources, in an effort to persuade Athens and the European Union, they should not be …

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ASE ingores Moody's moody move – Rehn's Attack

from capital.gr Athens Stock Exchange seems to ignore Moody’s downgrade of Greece’s credit rating to Junk status.  Greek Stock Market opened low this morning – even losing 2% at some point – but quickly managed to recover. Currently (14:00 local time)  the General Index advances 0.57% at 1,549,3 on a …

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