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Tag Archives: Economy

The Contra-Narrative: EU’s elites blackmail Greece

There is a another narrative to the usual “Greece doesn’t deliver”, “Greece sent reform list for the garbage bin”, “Greece does not try enough” and all the other nice things we have been reading since the new Greek government came into power. The counter-narrative is called: EU’s elites blackmail Greece. …

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Greek PM Samaras: “Two tourists for every Greek”

Many puzzle about what Prime Minister Antonis Samaras’ meaningful and mysterious oracle. He said that there will be “two tourists for every Greek”. What did the Prime Minister had in mind? Some wondered whether every Greek will have to host two tourists at home. Others  corrected the sentence stressing that …

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“Greece is exiting the MoU” – any idea what does this mean?

I’ve been hearing the Greek government saying the whole time that “Greece is now exiting the Memorandum [of Understanding].  Any idea what does it mean? I am asking this because me, common Greek, understands under Memorandum strict austerity and over-taxation and unemployment and recession”. Any idea what the Greek government …

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Gov’t spokesman: Greek economic recovery can be seen in TV commercials

I heard this unbelievable argument on Greek success and development this morning. Government spokesman Simos Kedikoglou was talking to Popi Tsapanidou, the presenter of LiveU morning news magazine at private Star TV. Talking about the outcome of the first round of municipality and regional elections and defending the government austerity …

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Mid-term plan: Greeks to pay additional €4.1billion in indirect taxes

Greek government may celebrate the primary surplus, but the financial gap remains. Greek companies and households will be called to pay 4.1 billion euro within the next four years 2015-2018. But as the government insists that they will be no new wages and pensions cuts, the revenues will come from …

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a quiet Saturday morning in November…

It certainly has advantages to wake up early in the morning. Especially in a sunny morning.  Especially at this time of the season. Although we are in first ten days of November, the sun still shines bright, even though a bit more chilly than in the previous month. It shines …

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Greek Parliament Budget Office: “Debt Restructuring is one-way street”

We live in an illusion world… that things will get better, the debt volume will decrease, Greece will return to the markets, recession and unemployment will ease, that this and that… However the Greek Parliament Budget Office dropped a bomb today. It said that “debt restructuring is one-way street” and …

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Troika – Greek Gov’t talks on primary surplus 2014 deadlocked

Ops! With so much Golden Dawn we almost forgot the Greek debt, the Troika, the austerity and all the relevant plagues. I write ‘almost’ because the bills have been coming in without a break. Anyway, the Troika was here, its representatives spoke with the Greek government and they reached not …

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Greek PM Samaras: Greece will recover by 2019

Greek Prime Minister Antonis Samaras has said the debt-ridden country could return to pre-crisis living standards within six years. “According to most [experts], we will not need a couple of decades, not a couple of generations, but only six years,” he said in a speech. He was speaking in Rome …

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Some wish Greece should default

EU and US- Politicians may publicly praise Greece for its achievements, the structural reforms and the ‘sacrifices’ of the Greek people, however still some circles work in the background and wish the total  collapse of the country.  To tell you the truth, I don’t know their motives and what would …

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You’re damned alone, if you don’t believe in Greek economic recovery

You know what? After three years of austerity measures banging  our heads every once in a while, I can join Prime Minister Antonis Samaras and proudly announce “the crisis is over”. Almost. Somehow. Somewhere. Now. In the near future. In the far future. It doesn’t matter.  The signs of recovery …

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Bank of Greece report: economy rebalancing, but 28% unemployment for 2013

Greece is moving forward. Like a wild horse in the prairie, the debt-ridden country is galloping towards economic recovery and prosperity for all. If only there were not the grimy numbers predicting that the wild cart called Greece has still long way to go, as week by week, the economic …

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What does it mean “signs of hope” in Greek economy?

I am indeed very keen to know whether Greece is turning the misery page and swimms towards its economic recovery, or we’re just waiting around the corner with our nose in the air scenting the atmospheric high moving towards Greece. Or not. Here in the sun-kissed but debt-ridden country, we have …

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EU Commission Greece’s report: end of recession in 2014 and unemployment at 21% in 2016

Recession in Greece is likely to end in 2024 but unemployment will remain above 20 percent for another three years. That would be …ehm… let me count… in 2016! Nice perceptive for the more than 1.3 million jobless. In a report published on Friday, the European Commission predicted the possibility …

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Deflation shows up in Greece: Inflation at -0.2% in March 2013

Greece’s consumer inflation dropped. According to Greek Statistics authority ELSTAT, it eased to an annual -0.2 percent pace in March from 0.1 percent in the previous month. Herewith , it reached the lowest level after 46 years, since May 1968 when inflation hit -3 percent. Inflation eased in March 2013 …

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Greek PM Samaras to meet the Troika – Habemus euros?

Greek Prime Minister Antonis Samaras will meet representatives of the country’s  international lenders from IMF, ECB and EU on Tuesday afternoon. The meeting follows tough negotiations between Greek key ministers and high-ranking officials on one side and the Troika’s representatives as well as technical teams on the other side. Antonis Samaras …

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Governor BoG: “Greece is gradually exiting economic crisis”

I was really impressed this Monday noon to listen to promising and inspiring message of the governor of the Bank of Greece. “Greece is exiting the economic crisis,” Giorgos Provopoulos told audience at central bank’s annual shareholder meeting. Despite the markets’ confidence, Provopoulos did not forget to stress that Greece’ …

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