Sunday , May 26 2019

Recent News

Did you know Greek Post Office closes down branches?

I admit I didn’t know that. In fact I hadn’t even realized it as I personally haven’t took advantage of a post office services  for years – even in the years I was living abroad. But I took notice of this otherwise not known issue by reading a local newspaper. …

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Ireland and Greece will help to bail-out Portugal

That’s lovely and shows real solidarity among the impoverished  of the euro zone. After they got bailout themselves, Greece and Ireland are going to put on the counter their own part of their own bailout loan to bailout Portugal. Then Portugal, a country seeking now a €90 billion bailout, had …

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EU Council President to visit Greece, Apr 12

President of the European Council Herman Van Rompuy will pay an official visit to Greece on Tuesday, April 15. He will meet with Greece’s President Carolos Papoulias and  Prime Minister George Papandreou. There will be a press statement at 3:00 pm. Later Van Rumpuy will deliver a speech at the Hellenic …

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Eurogroup Juncker warns Greece over Control Spending

It looks as if Greece can not quite convince its lenders that the debt-driven country is adamant on proceed to control spending. Eurogrou-Chief Jean Claude Juncker warned Athens of the importance of spending control and said that “We reminded the Greek authorities that it is important to stick to the targets for …

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Greek MP’s reject Gambling Bill – ‘Bounty’ Mutiny or ‘Mars’ attack?

That was a noisy slap in the face of Finance Minister George Papaconstantinou and thus it came from his own governing party members. Papaconstantinou presented the Bill on Gambling  at the Greek Parliament on Thursday however he was forced to withdraw it after the strong reaction from PASOK lawmakers. Although …

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Dolphins Show suspended in Attica Zoo Park

The Dolphins’ Show at the Attica Zoo Park in Spata newa Athens has been suspended after an application for provisional measures submitted by the Ecologists Greens and animal loving citizens. The performance in the pool of the Zoo is temporary suspended and until an Athens court decides about the commercial exploitation of …

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CMA-report: Greece tops Debt Risk List 1Q 2011 – Again

Greece  is considered as the world’s most risky to default and tops again the CMA list of Sovereign Debt Risk Report with a 58% chance of a debt restructuring occurring within five years. The London-based CMA released Global Sovereign Credit Risk Report refers to the first Quarter of 2011. On the Top …

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Greece’s CAA threatens with Indefinite Strike after Apr 15

 No flights after April 15? Greek Civil Aviation Authority threatens with indefinite strike, should the government fail to pay wages in arrears. CAA threats to close airports after 10:oo pm every day, Sundays and holidays starting by April 15, 2011. The escalation comes amid the Eastern Holidays and the begin of …

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ECB-Trichet Fails To Categorically Rule Out Greece Restructuring

European Central Bank President Jean-Claude Trichet failed to categorically rule out a restructuring of Greek debt down the road. Asked whether he was concerned Greece might not be able to tap the markets again next year and could face a risk of restructuring, Trichet said: “For me, we have a …

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J-C Trichet: Extrerminating the loan borrowers

Old chap Jean Claude Trichet, 69, long time French civil servant and President of European Central Bank, increased the interest rates to tame inflation within the eurozone. Interest rates went up by a quarter percentage point to 1.25 %.  Holders of loans  – credit cards, homes and whatever loans – will …

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How much austerity can we bear? Greece 2010 deficit at 10% (Reuters)

Save, Save, Save in a barrel with no bottom! Greece’s debt explodes, revenues  are not flowing, new budget deficits sprout every year. The wages and pensions cuts, the V.A.T. and taxes hikes made us poorer by 30-40% in 2010. Now new austerity measures will be added. Then the IMF/EU/ECB- representatives, currently …

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Working for the Municipality without contract? No problem in Greece…

How weird and twisted can Greece be? In the municipality of Trikala, central Greece, a young guy asked his salary for three months work. However it turned out the guy was working without contract at all! Most probably, he had got a ‘verbal contract’ by a smart municipality official to …

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