Tag Archives: August 2012

Latest data on unemployment released by the Greek Statistical Authority (ELSTAT) are really shocking: Not only because youth unemployment climbed to 58% and the general unemployment reached 25.4%. But because also these data refer to August, one of the summer months that traditionally offer(ed) seasonal jobs to people. In comparison: …

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It is raining ‘padlocks’ in the centre of Athens with one out of three shops to have disappeared from the map. According to a survey conducted by the National Confederation of Greek Commerce (ESEE) factors like the economic downturn, the reduction of purchasing power, the high rents as well as the explosion …

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What is a Greek family worth, if mom, dad and kids cannot swim in the sea? Already in the 1980’s Andreas Papandreou* launched the slogan of Greek summer identity: “Swimming for the Common People!” (Τα μπάνια του λαού). A socialist concept for summer where every Greek, especially low-income families, had the right to affordable summer …

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Mario Draghi, head of European Central Bank found the solution to to production, especially in the bailout countries of the Euro Zone. “Urgent need to improve competitiveness and have labour forces work for dumping prices through further lowering the minimum wages” is the magic formula proposed by the ECB-chief. In the monthly …

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Israeli President Shimon Peres will pay a historic visit to Greece in August, online daily Proto Thema exclusively reported citing diplomatic sources. Peres’ visit, the first official visit of an Israeli President to Athens,  follows the visit of Greek President Karolos Papoulis to Israel in July 2011. Peres will meet his …

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