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Tag Archives: August 2012

One in Three Stores “Disappeared” from Downtown Athens

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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7 Out Of 10 Greeks Abandoned the Dream Of Summer Vacations

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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ECB-Draghi Calls On Bailout Countries to Further Lower Minimum Wages

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 to Visit Athens in August

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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