March 11, 2015
Politics
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 …
Read More »
March 5, 2015
Economy
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 …
Read More »
October 7, 2014
Society
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 …
Read More »
September 26, 2014
Society
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 …
Read More »
June 7, 2013
Society
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 …
Read More »
February 28, 2013
Economy
“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 …
Read More »
November 19, 2012
Economy
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 …
Read More »
November 12, 2012
Economy
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 …
Read More »
November 8, 2012
Economy
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 …
Read More »
September 25, 2012
Society
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 …
Read More »
September 19, 2012
Economy, Society
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 …
Read More »
September 17, 2012
Society
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 …
Read More »
September 17, 2012
Economy
“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 …
Read More »
May 2, 2012
Very Mix
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 …
Read More »
February 26, 2012
Economy
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 …
Read More »
December 15, 2011
Economy
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 …
Read More »
June 8, 2011
Economy, Uncategorized
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 …
Read More »
May 4, 2011
Economy
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 …
Read More »
March 31, 2011
Economy
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. …
Read More »
March 16, 2011
Economy
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 …
Read More »