Tag Archives: bank savings

Greece’s Supreme Court ruled that the seizure of bank deposits due to debts to the state without previous notice was against the Constitution. The judges had taken up a debtor’s complaint filed in 2006. The debtor had seen his pension being grabbed from his bank account due to debts to …

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Greece’s finance ministry is determined to bring in billions of revenues. Whether taxpayers can afford to pay them or not. Therefore the confiscation procedure will change and the long grabbing arm of the tax office will seize outstanding debts from the debtor’s bank account within two weeks. And without further …

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The times when state bonds underwent haircut or ‘debt restructuring’ to easy the national debts seem to be over. Cyprus showed the way with ‘seizing’ 50% of savings over 100,000 euro. While the International Monetary Fund and the Eurozone quarrel over a possible Greek debt haircut and the debt/bailout program …

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The uncertainty about a possible bankruptcy and euro exit, but also increased taxes and unemployment haveforced Greeks to withdraw the incredible amount of 65 billion euro from the banks since 2009. Speaking at the parliament, Finance Minister Evanhgelos Venizelos revealed these data, noting that only €16 billion were transferred to banks …

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The stuffed eggplant lays a bit heavily in my stomach and I firmly believe that it is time to make a confession hoping for some relief. I suffer from an incredible difficulty to resume posting on a daily basis. My mind is filled with images of villages and seas, my ears …

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