Tag Archives: economic crisis

“With Alexis Tsipras, Greece was now saved,” German chancellor at the peak of the Greek economic crisis, Angela Merkel, notes in her memoirs book, entitled “Freedom.” Talking about the “Greek crisis” in 35 pages, Angela Merkel recalls the events 2010-2018, the negotiations, the referendum and the exit from bankruptcy as …

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Cannabis use in Attica is among the highest in Europe and Athens ranks fifth or sixth in Europe, said professor of analytical chemistry at the University of Athens, Nikos Thomaidis. Increase is also the us of antidepressants, anti=psychotic drugs and of cocaine, especially in the winter months during the pandemic …

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In his memoirs, “A Promised Land,” former Us President Barack Obama makes also some reference to the Greek debt crisis and the way in which the major European powers chose to deal with the situation. In his memoir that was released on Tuesday, Obama writes: “I noticed that they rarely …

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Tensions in the Greek-Turkish relations preoccupy not only the politicians and the media, but also the Greek society. More than half of the Greeks consider as “high” the risk of a “hot incident” with Turkey,, a public opinion poll has shown. A poll conducted by MRB on behalf of Stat …

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EU Finance Commissioner Pierre Moscovici has described as “socially brutal” the austerity policy implemented in Greece during the bailout agreements. However, he blamed the economic crisis for the austerity and not the other way around. “It was not the austerity and politics of the troika that made the people suffered, …

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Prime Minister Alexis Tsipras announced that certain groups of civil servants will receive retroactive a total of €820 million net for wage cuts during the economic crisis and the bailout agreements. The total amount is €1.4 billion gross including taxes, social security and pension contributions. The money will be paid …

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Another false assessment by the International Monetary Fund. Fertility rates in Greece, that is, the average number of children Greek women have, dipped from 1.5 to about 1.3 during its eight-year economic crisis (2008-2016), the International Monetary Fund (IMF) said in its World Economic Outlook. Of course, it’s not the …

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Greece’s economic crisis is over only if you don’t live there. Everyone else, in other words, might have moved on because Greece isn’t threatening to knock over the other dominoes that are known as the global economy anymore, but its people are still stuck in what is the worst collapse …

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One in two Greeks postpones seeking medical advice, four in ten patients cannot afford to pay patient’s participation in the purchase of prescription medication due to lack of economic means. This was revealed by the president of the program “Health for All,” Eleni Sotiropoulou. Groups most affected by the economic …

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The general assembly of a multi-apartment building in Larissa decided to implement harsh measures against those who do not pay maintenance charges and building fees. They put a padlock on the elevator door and distributed keys only to those are consistent with their obligations. The building has reportedly 75 apartments …

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A 90-year-old woman died when the electric water bottle she used to keep her warm caught fire. A fire broke out Sunday midnight in an 2nd floor apartment in Neapoli, Thessaloniki, northern Greece. Neighbors who saw thick smoke coming out of the apartment called the Fire Service. When fire fighters …

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The number of Greek doctors who work in the United Kingdom has doubled since the beginning of the economic crisis in 2009. 1,700 of doctors working in UK’s National Health System were born in Greece, overwhelming majority of them has also studied in Greece. They hold the second place among …

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The European Commission will revise down its growth forecast for Greece this year to around 2% from a previous 2.7%, an EU official said today. The revision – which brings the Commission closer to International Monetary Find projections – is likely to increase pressure on Greek politicians to adopt a reform …

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“There are great social problems that need to be solved step by step, but for the first time we are facing the exit of the seven-year crisis”, government spokesman Dimitris Tzanakopoulos on Friday said in an interview to Kokkino radio station. He underlined that the issues remaining to be solved …

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Miserable present, no future.  The brain drain from Greece takes distributing dimensions as even teenagers want to leave the country. For studies or for professional development. An entire generation of teenagers, regardless of their economic status and possibilities, want to leave Greece and move abroad. These plans have usually the …

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Greece’s inflation rate rose to 1.7 percent in March, Greek Statistics Authority ELSTAT said on Monday. The rise is due to the mass price increases in food, alcoholic drinks, tobacco, telecommunications, heating oil and transport due to special fee in fuel. In February inflation rose to 1.3% and in January …

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To tell you the truth when I read the title of the article below, my brain hit the wall of my own prejudice. “Greeks still hostile to reforms despite economic depression” I read on a German state media outlet and much to my shame I thought: “Oh, it’s the German …

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Greek central banker, governor of Bank of Greece, Yannis Stournaras pointed to instability on the part of institutions in the country, as well as a lack of credibility and courage on the part of the domestic political system to “tell the people the truth”, as the primary reasons that Greece …

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Conservatives in Congress are pushing Donald Trump to block the International Monetary Fund from participating in a European-led bailout of Greece, as his administration signalled it would take a tougher line with global institutions. They say that the Europeans should solve the Greek crisis on their own not through the …

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In crisis-hit Greece, some people suffer silently. In the empty four walls of their homes, isolated from the society, the poverty victims feel the pain of the unprecedented humanitarian crisis. Their plight is revealed the moment things have reached bottom. The drama of a family was exposed when one of …

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