After a long debate that ended in the early morning hours of Wednesday, the Greek Parliament decided to establish a committee in order to demand World War II reparations from Germany. And if this is not enough challenge towards the country’s biggest creditor, the Justice Minister assured, he was ready …
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Contradictοry reports on German profits from loan interest to Greece
There seems to be some discrepancy between the current and older data released by the German Finance Ministry regarding the profits it makes from the bailout loans to Greece. While the German Finance Ministry claims nowadays that the profits from Greek interest were “€360 million from 2010-2014“, according to older …
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Poverty and long-term unemployment are two Greek facts…
Poverty in austerity-hit Greece is a fact. According to the recently published EU data on Labor, incomes have dramatically decreased since 2010, since the country sought the ‘rescue’ via the International Monetary Fund. “Most affected by the income decrease are the vulnerable society groups. Real income in low income groups …
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Shocking! 6.3million Greeks live in poverty or are at risk of poverty
It was high time that the real data of the economic situation of the Greek society come to the surface! 2.5 million Greeks live below the line of relative poverty and another 3.8million people are at risk of poverty! A total of 6.3million people, which means more than half of …
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Labour Ministry: 33% of Greek pensioners get €360 gross, another 33% gets €675
for the first time since the country sought the ‘economic rescue’ by the IMF, Greek Labor Ministry published a full record of the number of pensioners and pensions distribution. The data has been collected for 93 social insurance funds. For the vast majority of Greece’s seniors the pension is very …
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Hydrocarbon research in Westen & South Greece ends successfully
“The data collected during the geophysical research for the location of underwater hydrocarbon fields in the Ionian Sea and south of the island of Crete is very good,” Petroleum Geo-Services (PGS) executive vice-president Sverre Strandenes said upon the return of the Nordic Explorer research vessel to the southern port city …
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Greek commerce sector report paints bleak picture
Employment in the Greek commerce sector shrank by over 12 percent in the past year and there is going to be no improvement in 2013, a report by the sector΄s main association claims. In a preview of its annual report, set to be released Monday, the National Confederation of Greek …
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HSBC Jersey-List: 97 Greeks Account-Holders with 22.3 Million Euro?
Bank HSBC will most likely be the Waterloo of Greek tax evaders – to be precise: of ‘suspected Greek tax evaders’. A list with the names of 97 Greek account holders having deposits of 22.3 million euro at the HSBC branch on the isle of Jersey, an offshore heaven, is in the hands of …
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Greece Will Levy Ship Owners; Golden Dawn Supported Tax Exemption
The additional austerity package adopted by the Greek Parliament on Wednesday includes a provision that will force ship owners, long accused of enjoying lavish fiscal privileges, to pony up at least 140 million euros. The provision initially called for a “voluntary” contribution to the state coffers, but Finance Minister Yannis Stournaras withdrew …
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“The Health is Bleeding”: Protesting Doctors Cover Hospital Front with Blood
Trainee doctors in Attica state hospitals had an original idea to draw attention at the shortages and shortfalls in the Greek health care sector that is falling apart. During a protest on Tuesday morning, they doused artificial blood at the front of Evangelismos, the biggest state hospital in Athens. With …
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One in Three Greeks Work Without Social Security
One in three Greeks work without social security. According to data collected from the country’s biggest insurance fund IKA for the time between January-July 2012, controls conducted by labour inspectors showed that 12,629 employees were working without social security. That is, people work without enjoying any health care or having any perspective to get …
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GD Requests Ministry Data about Number of Foreign Families Receiving Child Benefits
That’s interesting and worrying at the same time. I personally didn’t know how many foreigner families with more than two children live in Greece for more than ten years the criteria for receiving child benefit. Neither was I interested, nor did I care about. But now after the release of data by the …
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Why Can’t Greece Obtain Tax-Cheat CDs with Data from Swiss Banks?
“Because these CDs have been classified as products of industrial espionage by the Swiss banks.” This is what Deputy Finance Minister Giorgos Mavraganis replied to a question posed by members of main opposition party, left-wing SYRIZA. “For the acquisition of such CDs there have been also issued arrest warrants,” Mavraganis …
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Greek Health Minister to Ciminalize Unsafe S*x Due to HIV Positive Prostitutes
Sometimes I have the feeling Greek authorities are drawn inside one spoon full of water. After the arrest of at least 12 HIV-positive prostitutes that exposed an alarming number of brainless customers and the lack of suffiecient state health controls in the dark corridors of “love” for sale, Greek Health Minister Andreas Loverdos …
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Guest Post: 2nd Greek Bailout – an Exercise in ComPact StuPIGidty
It is commonly accepted: the second bailout for Greece is not about saving Greece (the country) or the Greeks (citizens). It’s all about saving banks, lenders and the eurozone. Recently I asked the Cheshire Cat to write about the two bailouts that will enslave Greeks for the rest of their …
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Unemployment Hits New Record 17.5% – 900K Greeks Without Job
Unemployment in Greece hits the one record after the other as recession and incredible taxes crack down the spine of the country’s economy. According to Greek Statistics Authority unemployment reached 17.7% in the months July, August and September 2011, traditionally the months were unemployment sinks due to seasonal jobs. In comparison, in the same …
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Greece: Unemployment hits new record with 16.2%
Each and every month unemployment in Greece hits new records, with the latest report of the Greek Statistics Authority to state that the jobless rate for March climber at 16,2% ! A month earlier, February 2011, the jobless rate was at 15.9% , while a year earlier (Marc 2010) the rate was …
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Survey: Greece still gloomiest after one year of bailout
Economic sentiment in Greece deteriorated for a second straight month in April, according to a survey showing the country’s consumers remain the most pessimistic in Europe a year after its EU/IMF bailout. Consumer confidence worsened after a three-month improvement as most Greeks cast doubt on recovery prospects and the survey …
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Greek Statistics: Dramatic Decrease in Consumption!
This seems to be a day with lots of economy news. Bad news. Then the recession is digging deep in our lives. It’s just that the official data confirm our daily experiences. Greek Statistics ELSTAT released data showing a decline at double-digit rates in sales and turnovers in retail trade. …
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Greece missed its deficit target for 2010 – but not much :)
The Greek government has narrowly missed its deficit target for 2010, reporting a shortfall of 23.1 billion euros for the year. The figure was announced by the Finance Ministry’s General Accounting Office on Tuesday, compared with the €21.9 billion target included in this year’s state budget. The agency said the …
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