November 22, 2024
FEATURED, Society, Very Mix
A police officer in Thessaloniki, northern Greece, filed a lawsuit at the Military Court on Friday, because he was informed that he was suffering from advanced cancer one whole year after his operation. Speaking to media on Friday, the non-commissioned officer described in the lawsuit how his nightmare began when …
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September 27, 2022
Society, Very Mix
Trains on the Athens metro Line 3 (blue line) going to the Athens International Airport will be delayed by 6 minutes over the next few days starting on Tuesday, due to tests for the new line extension toward Piraeus. Thus, trains running directly from Nikea to the Airport will run …
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February 24, 2021
CORONAVIRUS, Greece
Prime Minister Kyriakos Mitsotakis sees an extension of the lockdown, especially in Attica, due to the spike of coronavirus infections. The infections increase changes plans to open the retail sector, the months of February and March are critical because we have not built a wall of immunity. This is what …
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November 12, 2020
Economy
The survival of hundreds of Greek businesses in the hospitality industry is at stake after tour operator TUI earlier this month issued a series of contract amendments that require hotel owners to wait until March 2021 for three-quarters of the money due for accommodation booked this year, the Financial Times …
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July 6, 2017
Social, Society
The failure to pay the employees’ earned salary, albeit in the long run, sufficient by itself to establish the notion of the harmful change in the terms of the employment contract. This is what judges in Greece’s Supreme Court ruled this week. Harmful change of employment contract is established when …
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July 4, 2017
Economy
A delay is expected in the disbursement of the bailout tranche from Greece’s creditors. Reason for the delay is allegedly that some of the prior actions required have yet to be fulfilled. Speaking to daily Kathimerini, sources say that instead of the decision that was to be made on Thursday, …
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May 29, 2017
Economy
Mario Draghi joined the club of those delaying return of Greece to the international markets. The European Central Bank will not consider including Greek government bonds in its asset purchases program before a pending bailout review is concluded and creditors agree to ease the country’s burden, Mario Draghi said on …
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February 14, 2017
Economy
Jeroen Dijsselbloem said that the second review of Greece’s program will not conclude in time for the next Eurogroup meeting scheduled for Monday, February 20. The Dutch finance minister who is also head of the Eurogroup stressed that the participation of the International Monetary Fund remains essential for the continuation …
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March 23, 2016
Economy
The country’s lenders proposed that Greece should stop paying wages and pensions,” if the bailout disbursement is delayed due to Greek program review talks. These revelations have been made by the General Secretary of Fiscal Policy, Fragkiskos Koutentakis, on Wednesday. “All institutions, but particularly the IMF, are to blame for the …
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March 11, 2016
Politics
“We as a team, we are ready to help and support Greece,” European Union Commissioner for Humanitarian Aid, Christos Stylianides assured reporters in Athens on Friday and tweeted that “Greece is not alone in these difficult times”. Stylianides came to Greek capital and had a meeting with Prime Minister Alexis …
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September 2, 2015
Politics
Many Greeks have been wondering what is the purpose of the snap elections scheduled for September 20th? Some answer the question replying “Tsipras could not govern with the support of the opposition but without the support of his own MPs,” others warn that “with such a huge debt and such …
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June 18, 2015
Economy
Greece will default the next day, if it fails to make the bundles payment to the IMF on June 3oth, Managing Director of the International Monetary Fund said on Thursday, dismissing rumors that the debt-ridden country would have a month of grace time. Greece will be in default with the …
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May 25, 2015
Society
Here we are: competitive and eager to work for investors bringing development and growth. Here we are: Greeks eager to work for no money or for the prospect of being paid some time in the future – near or far, it doesn’t matter. Main thing we have an occupation to …
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January 7, 2014
Society
“A mantle of justice suddenly covered Greece, boosting the relations between the state and the taxpaying citizen”… That would be the beginning sentence in a science fiction book. In Greek reality things look different and worse. According to a decision issued by Finance Minister Yiannis Stournaras, the state repays its …
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July 24, 2013
Economy
Has Greece fulfilled all the conditions to receive the next bailout tranche of 2.5 billion euro? According to German deputy Finance Minister apparently not. In a letter to German Parliament (Bundestag) Steffen Kampeter claims, that the debt-ridden and slow-in-reforms country has completed 17 out of 22 required measures. While Athens …
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November 12, 2012
Economy, Editor, Politics
Greek Parliament adopted the inhuman austerity bill and the sharp-cuts budget 2013. Two main preconditions for the debt-ridden country to receive the 31-billion-euro bailout tranche. Just recently, Prime minister Antonis Samaras had claimed, that the state has money until November 16th 2012. However Greece’s lenders do not seem willing to …
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February 16, 2012
Economy
Dutch Finance Minister Jan Kees de Jager Thursday confirmed it may be an option to delay payment of a new bailout package to Greece until after the April elections, as confidence in the country΄s political leaders has reached a low point. According to Dow Jones Newswires, in comments made in …
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October 26, 2011
Economy, Politics
Employees at the headquarters of ruling party PASOK are kindly requested to be patient and show understanding over the delay of their monthly salaries. According to Proto Thema newspaper, PASOK’s general secretary sent an sms to PASOK employees explaining the payroll delay of about 15 days with the delay of the …
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October 4, 2011
Economy
A hurricane hit the Athens Stock Exchange sweeping away stocks of companies and banks. The General Index closed at – 6.28% and 730.33 untis. Banks lost -8.6% where some suffered even two-digit losses. The concern about the postponement of the Eurogroup meeting and the delay of the 6th tranche layed heavier than …
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