Friday , May 24 2019

Recent News

Feel Like Voting for the New Euro-Coin Design?

In April 2011 the European Commission launched an open web-based competition among euro-area citizens to design the new 2-euro coin commemorating ten years of euro cash to be issued by all 17 euro-area countries. Among the designs submitted, a professional jury has selected 5 designs for public web-voting. All citizens …

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A Greek Political ‘Bomb’: PASOK-MP Resigns over IMF-Bailout

A political ‘bomb’ exploded in the hands of  PM George Papandreou Tuesday afternoon as Giorgos Lianis, MP of the governing party PASOK, submitted his resignation over the IMF/EU ‘Mid-Term Stability Programme”; also  known in Greece as “the 2nd. Memorandum”. Lianis, a lawmaker for 22 years, explained his decision saying in …

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Greek Solutions : Is the ‘Exarchia-Lira’ an Alternative to Euro?

Is the Euro too expensive for you? You don’t trust the  return of the Drachma? A currency solution is under way and thus one independent from international markets and national mints. The so-called “Exarchia-Lira”! Exarchia is a district of Athens, known to enjoy an ‘autonomous’ status, with intellectuals, lefts and anarchists. According to …

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Greeks send Bailiffs to MPs over the IMF-Memorandum

Extrajudicial lawsuits sent to members of the Greek Parliament seems to be one of the many ways of civic pressure to persuade lawmakers not to vote the Mid-Term Austerity Memorandum. Citizens from Chania (Crete), Pyrgos(Peloponnese) and the civic movement 300Greeks have sent extrajudicial lawsuits to several lawmakers from governing party …

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Does the IMF blackmail again on Greece’s 5th tranche?

They play with our nerves and empty our pockets. The sooner they go, the better for Greeks. Then it seems Greeks and Greece are two different entities. Greeks don’t want to be saved by the IMF. Because they believe that they maybe saved, give to IMF and European lenders their …

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Mid-Term Package – Voting Schedule

Prime Minister George Papandreou is adamant on passing the Mid-Term Austerity Package through the Greek Parliament. According to latest information, the Package will be submitted to the Economics Commission of Parliament on June 15 for a so-called ‘fist reading’. Most probably the commission will conclude its works on June 17, unless …

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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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