Tag Archives: decrease

“We have good and bad news for Greece. The good news is that we add four new routes from Athens airport in winter 2017. Unfortunately, Ryanair will make a reduction of  Athens traffic by 22% for the winter 2017,” the Commercial director of low cost airline, David O’ Brien, told …

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The great pensions slaughtering. Ops! In creditors’ language we call it nicely “the great pensions reform”. Labor Minister Giorgos Katrougalos submitted the Greek government proposal in an e-mail file containing 170 pages. the creditors’ received it and are reportedly evaluating it. As Katrougalos’ proposal was leaked to the press, the …

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How did German Finance Minister Wolfgang Schaeuble say it exactly? “The deal is a good thing and a chance for Greece.” While everybody can assume what Schaueble considered as “good” with Greece’s creditors in his mind, the same “everybody” can assume that if it is good for Greece the country, …

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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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It’s time that we, the non-economists dealing with the Greek debt crisis, learn a new term. That’s “jobless growth” or “jobless recovery”. In short,  this term means that there is growth in an economy of a country, but people still get no jobs. Something like the phenomenon in modern Greece of …

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One by one the governments’ pre-elections promises vanish in the air under the sober reality of yawning state cash registers. The Value Added Tax in the restaurants and other catering businesses will be decreased from 23% down to 13% not this year but … next year. So said Greek Tourism Minister …

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