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Greece’s labor market: “Galley conditions” as unemployment still at 24.2% and minimum wage is going down

May 31, 2016 Society Comments Off on Greece’s labor market: “Galley conditions” as unemployment still at 24.2% and minimum wage is going down

I read today that unemployment in Greece dropped down to 24.2% in February 2016. In comparison, general unemployment was at 24.4% in January 2016 and 25.8% in February 2015. That’s definitely good news even though I am not sure about the correspondence of real people to a percentage difference of …

RYANAIR to cut earlier summer flights to Greece, calls Tourism Minister “Marie Antoinette”

April 17, 2016 Tourism, Travel 13

Low cost airline Ryanair will cut two months earlier the summer flights to Greece. In an interview to Sunday newspaper To Vima, Chief Commercial Manager of Ryanair David O’ Brien said that the Ryanair was «forced to move” to end two months before the summer flight schedule in Greece. The …

EU’s evil Plan B: Cutting the Balkan Route, Bottling up thousands of Refugees and Migrants in Greece

February 26, 2016 Politics, Refugees 7

The closure of borders in the north of Greece has created chaos: thousands of refugees and migrants wandering from Athens to Idomeni without knowing where to sleep and what to eat, where to lay their kids and elderly to sleep. FYROM, Croatia, Slovenia and Austria has closed their border today. …

Greece’s PPC to cut power to 2.1 million customers owing €2.5 billion

November 5, 2015 Society 7

Greece’s Power Public Company (DEH) is angry. The amount of unpaid bills by its customers has reached the astronomic 2.5 billion euros. The PPC is so angry that it plans to cut the power to those with outstanding debts as soon as possible. Of course, many Greeks cannot afford to …

“Heating allowance”: Austerity mind-set thinks poor Greeks freeze less in the South

October 30, 2015 Society Comments Off on “Heating allowance”: Austerity mind-set thinks poor Greeks freeze less in the South

This year’s ‘heating allowance’ for the poor and the needy will be cut by 50%. The total amount from the state budget will drop from €210 million last winter down to just €105 million. Blame the austerity, the bailout programs, the prior actions and the shortage of liquidity. In the …

EU Commission stopped funds for Greece’s ERASMUS program?

June 24, 2015 Economy Comments Off on EU Commission stopped funds for Greece’s ERASMUS program?

That’s an interesting development in the context of the negotiations between Greece and its creditors, one of them being the European Commission. While there are several hints* that the EC is deliberately cutting the flow of structural funds to Greece. The news comes from Italy and thus from the official …

Greek Parliament cuts state funding to Golden Dawn

December 18, 2013 Politics Comments Off on Greek Parliament cuts state funding to Golden Dawn

With overwhelming majority of 241 lawmakers, Greek parliament voted in favor of cutting state funding to Golden Dawn. Party leader Nikos Michaloliakos and two MPs remand custody and two other were released on bail, are facing charges of forming a criminal organization. The voting was referring to suspension of the …

Greek gov’t secret: plans to -35% cut in new self-employed TEBE-pensions

April 25, 2013 Economy, Society 3

Greek self-employed almost suffered mass heart attacks and brain strokes on Tuesday noon, when they heard in the news, the Labor ministry planned to cut pensions of new retirees at 35 percent. Furthermore the ministry was trying to secretly pass this ‘clause’ in a multi-bill on labor issues and thus …

Greek Austerity Shock: Mimimum Wage -25%, For the Youth -32%

February 8, 2012 Economy, Society 25

The Mini Memorandum of Understanding that keeps busy Papademos and the leaders of the three parties forming his coalition government since five hours, contains some shocking austerity measures that will impoverish masses of the population form one month to the next. Troika proposed that the minimum wage will go down …

Greek Austerity: €9.2B Evaporated from Households Due To Wages Cuts of 25%

February 1, 2012 Economy, Society 2

While the Troika pressures for further wages cuts in the private sector and lay offs in the public sector, here comes the Greek Labour Minister giving evidence of the dramatic decline in the incomes of the Greek households. A tremendous amount of €9.2 billion evaporated from the pockets of the Greeks through …

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