Tag Archives: 2011

“It is difficult for Greece to solve its economic problems without the tool of currency devaluation.” Thus spoke said German Finance Minister Wolfgang Schaeuble bringing back his all-time favorite topic, the Grexit. Speaking at an event in Hamburg, the German finance minister said that back in 2011, he told  then …

Read More »

Suicides exploded in 2011, the second year of the economic crisis and the loan agreements. It was mostly women who took their lives. The region of Attica, where also Greek capital Athens lies, saw 172 of its residents finding not other way to their problems than put an end to …

Read More »

 Francois Baroin, the former French finance minister, examined the possibility of a Greek exit from the euro zone with his advisors, according to advance extracts published Tuesday on the website of French magazine L’ Express from his forthcoming book on his experiences during the debt crisis. “It was a discussion …

Read More »

Recession in Greece hit -7% in the last three months of the 2011, in comparison to the same period of 2010, according to latest Eurostat report. Recession has been also recorded in Portugal (-2.7%), Slovenia (-1.5%), the Netherlands (0.7%), Italy and Cyprus (-0.5%). The biggest growth was recorded in Lithuania …

Read More »

Greek Statistics Authority (ELSTAT) tells us what we all know: that nothing moves in the economy of the country, with permanent income decreases and banks hardly giving a loan of 1 EUR to business and enterprises. Recession reached -6.8% in the whole of 2011, and it even reached 7% in …

Read More »

The poverty data in Greece in shocking. One in five Greeks is threatened by poverty, according to statistics from 2010. If one should add the statistics of 2011, that has not been gathered yet, the picture of the Greek reality in times of  IMF, bailout, strict austerity and recession, will be much more …

Read More »

The Protesters of Arab Spring and of Occupy Movements around the globe were chosen by US Magazine TIME as the “Person of the Year 2011”. Protesters from Tunisia to Spain and from Chile to Russia are featured in this special TIME issue because “in 2011, protesters didn’t just voice their complaints; …

Read More »

A new-new-new, the la  Taxation bill is under way as the Greek Finance Ministry “tries to combat tax evasion and injustice”(apparently).  The self-assessment, in power since 2004, will be abolished and the so-called new “objective criteria” will be applied for the taxation of small businesses and freelancers. These will include not only …

Read More »

Greece’s lenders Troika is here to stay. It looks as if the representatives of International Monetary Fund, European Union and European Central Bank won’t leave Athens until they have tied down with nails and ropes Greece’s government officials on further economic measures and revenues increases. According to economic portal Capital.gr the Troika guys …

Read More »

The monsterof unemployment in Greece is growing and threatens to get out of control. Concellor of private sector labor union GSEE, S. Robolis informed members of the Greek Parliament that unemployment is estimated to reach 22% at the end of 2011 and the number of jobless will reach 1,200,000 people. …

Read More »

“I owe my landlord 6,000 euros” my hairdresser tells me while she tries to handle my unhandleable hair with brush and dryer . “Now he is forcing me with lawyer either to move out or pay” she says and gazes at me with wide open eyes through the mirror. Christina …

Read More »