Sunday , May 26 2019

Recent News

Banking Source Reveals 8 Points of Eurozone ‘Greek Deal’

Greek private television ALTER named 8 points from the plan currently under discussion at the Eurozone Summit for the solution of the Greek debt crisis. ALTER cited a Greek high rank official from the banking sector, who spoke under conditions of anonymity. The rescue plan for Greece includes among others: 1) …

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Greek Pension Funds in Difficult Situation

Greek pension funds go from bad to worst. No wonder that with an unemployment galloping at 16% -and rising tendency- you will hardly find labourers pay their contributions. Furthermore the increased unemployment benefits paid out to several hundred thousands jobless do not make things better. One grave mistake of the …

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Guest Post: The Tragicomedy of Europe and the Greek crisis

 Things are very serious in Brussels today and yet. Until we got there, the coming and going of the European leaders and the other decision makers of the Greek crisis drama were bearing features of a tragicomedy. The following article was written a couple of days ago by Polyvios Petropoulos, …

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Greece – Euro Zone Summit

With eyes turned to Euro Zone Summit and holding their breath Greeks monitor the overwhelming developments in Brussels, lurk for the slightest official or off the record comment that could hind or imply a positive or negative development for the Greek debt crisis. The aim is to reduce the massive Greek debt, to help …

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Greek Defense Minister: Erdogan’s Statements Unacceptable

Greek  Defense Minister Panos Beglitis slammed as ‘unacceptable’ statements by Turkish Prime Minister Recep Tayyip Erdogan, who warned that Ankara will freeze its relations with the European Union, should Cyprus hold the EU presidency without a previous solution of the Cyprus issue. Nicosia is scheduled to lead the rotating EU …

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Banks Threaten with Lawsuit on Levy on 2nd Greek Bailout

Less than 24 hours are left until the Euro Zone Summit in Brussels and it looks as if a definite solution has not been found yet. The participation of the private sector divides the decision makers like  France, Germany and the ECB. The option to raise a levy to banks in …

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126 Citizens Filed Law Suit against Greek Police & Ministers for June Incidents

126 citizens together with 150 eye witnesses filed a law suit against the Greek Police and the Minister for Citizens’ Protection, Christos Papoutsis, for the use of violence during the mass protests at Syntagma Square on June 15th, 28th and 29th, 2011. The law suit complains about ‘unprovoked and murderous use violence, …

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That’s the Greece I like!

No, I don’t like been in trouble due to strikes especially in hot summer days. No, I don’t like to see the yellow-grey smog ring rising every day on the horizon and hear no measures to combat air pollution. No, I don’t like the increased ozone levels and hear the …

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Greece: Taxi Drivers-Minister Talks Fail; Strike Indefinite (videos)

The talks between representatives of the Greek Taxi Drivers Confederation and the Minister of Transportation Yannis Ragousis on Wednesday morning failed. Ragousis did not answer positive to taxi drivers’ demands to proceed to a gradual opening of their profession for a period of at least 6 months. According to their …

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IMF Calls Greek Finance Minister to Washington

Greek Finance Minister Evangelos Venizelos is hastily preparing his suitcases so he can rush to Washington on Sunday after an invitation of the International Monetary Fund. However Venizelos will also have meetings with Senators of Greek origin and most likely with U.S. Treasury Secretary Timothy Geithner. According to Greek media, …

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