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Tag Archives: cut

Bank of Greece cuts its forecast for economic growth to 3.8% in 2022

The Bank of Greece cut its forecast for economic growth to 3.8% this year from 4.8% earlier, and raised its forecast for the inflation rate to 5.2% under the base scenario, in its annual report released on Thursday. The report, presented by Yannis Stournaras, the central banker, also said that …

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Mitsotakis dramatically cuts “social dividend” for vulnerable society groups

Prime Minister, Kyriakos Mitsotakis, announced on Sunday that 200,000 households will receive the “social dividend” before Christmas. The extraordinary aid will be given to “those who are in greater need,” he said. The number of beneficiaries is therefore dramatically cut from 1,4 million in 2018. The Prime Minister revealed the …

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Thessaloniki: After the water problem, power cuts up to 7 hours

Slowly but gradually water supply was restored in Thessaloniki on Saturday evening allowing thousands of people to enjoy a shower under running tap water for the first time after Tuesday. The water was back in the network sometime in early afternoon. However, it was cut again as it was very …

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Public outcry forces PPC to reconnect power to lung-patient

It needed the media intervention for Greece’s Public Power Corporation to show a humane face. An exclusive report of local media Lamianow on Friday afternoon was reproduced by hundreds of local and national media, news websites and blogs and exposed the merciless power supply cut to a poor household thus …

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Furious senior spills gasoline in PPC office and staff after power cut due to debts

A senior in outrage poured gasoline in the offices and employees of Greek Public Power Corporation (PPC/DEH) and would have set everyone and everything alight hadn’t the police manage to take him under control just moments before the disaster would break out. The 70-year-old pensioner went to the local branch …

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Ghost of Christmas Present: PPC cuts power to mother of four

Ignorance? Want? Ugly, mean and greedy little creatures? That was in mid-Victorian England and in Charles Dickens’ A Christmas Carol.  In the novel that has touched millions people ever since it was first published in 1843, ‘the two emaciated children” grow up to be adults, Ignorance as adult man in …

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Debt cut for Greece not on the agenda for now, says Schaeuble

Greece must press ahead with implementing its reforms-for-aid program and become more competitive, German Finance Minister Wolfgang Schaeuble was quoted as saying, adding that debt relief for Athens was “currently” not on the agenda. Euro zone finance ministers and the International Monetary Fund reached an agreement on Greece in June, …

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EU cuts Greece growth forecast, blames the country for review delay

The European Union has sharply cut the growth forecast for Greece on Thursday, sparking worries that the long delay in the second review of the third bailout program was damaging the economy. European lenders are in a row the International Monetary Fund over the sustainability of the Greek debt. The …

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EU Commission to cut growth forecast for Greece, closer to IMF projection

The European Commission will revise down its growth forecast for Greece this year to around 2% from a previous 2.7%, an EU official said today. The revision – which brings the Commission closer to International Monetary Find projections – is likely to increase pressure on Greek politicians to adopt a reform …

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Lamia: Man cuts his wrists inside Social Security Fund

Panic in the Social Security Fund for Self-Employed (OAEE) on Tueaday  morning in Lamia, Central Greece. After an argument with an employee, a desperate man used a pocketknife and cut the veins on the wrist of his left hand. Blood started to flow, screams, panic. An ambulance took the man …

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