Tag Archives: economic crisis

A study conducted by the Labor Institute of Greece’s biggest private sector union GSEE highlights the dramatic deterioration of the living stands of Greeks due to the austerity policies of the last 5 years, that is ever since the country sought its financial ‘rescue’ from the International Monetary fund. Analyzing …

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“Ten thousand people committed suicide during the last five years, that’s the population of a whole city. One of them was my son.” Theodoros Giannaros, 58, is a broken man. May 22nd is a day that the governor of public hospital “Elpis” will remember all his life. His 26-year-old son, …

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Greece is a country always good for surprises! And here comes a painful injection to the hundreds of volunteers offering their services to the poor of the IMF-austerity hit country. After a couple of years of social practice and solidarity in the field of health care and 51 units across …

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That’s an unbelievable challenge for the debt-ridden Greek society! The collective bargain signed between Greece’s Public Power Company and powerful union GENOP-DEH electrocutes large parts of the unemployment- and austerity-hit Greeks of the country’s private sector. Four unions of workers at Greece’s Public Power Company (DEH) signed a collective bargain …

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“Negotiations with creditors will not be easy,” but “we will negotiate a new agreement – a bridge between Greece previous programs and the new“”  Yanis Varoufakis said in his first speech as the country’s new Finance Minister, while he was receiving his new portfolio by ex FinMin Gkikas Hardouvelis. He …

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Recession? Unemployment? Poverty? Over-taxation?  Padlocks in businesses? Braindrain? It’s all there. In an article posted on Wall Street Journal. Pure and official statistics. The Numbers: Greece in Crisis Greece is reeling from the effects of the biggest economic crisis in its recent history. Here are some statistics underscoring the severity …

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A good news for a change, a wonderful Christmas present for citizens and families without electricity! Attica Prefect Rena Dourou will come up for the cost and reconnect economically weak households to electricity network. The program “Electricity for all” will help households that had their electricity supply been cut by …

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The Greek economic crisis is over! Finance Minister Yiannis Stournaras said so to daily The Globe and Mail. In order to convince the Canadian journalist about the bright side of the recovering Greek economy Stournaras came up with an unquestionable argument: He replaced the windows of the finance ministry in …

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Greece got a plan. A growth and development plan with the futuristic title “Greece 2021”, that is seven years from now. The plan was submitted by Finance Minister Yiannis Stournaras to Euro Working Group on Thursday in Brussels in the context with the Greek debt relief request. Here is to …

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In its latest report UNICEF states that one in three children in Greece was at risk of poverty or social expulsion. The total number may shock: 686,000 children or 35.4 percent of the children population in Greece. The causes? Rising unemployment and cuts in welfare benefits. 292,000 children live in …

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The Budget Office of Greek parliament summarized the tax increases that took place since the country sought the aid of International Monetary Fund. The report was thought as an answer to finance Minister Yiannis Stournaras who denies the Greek households were overtaxed. “A series of tax increases from 2010 up …

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Four in ten Greek households have at least one unemployed member, one in three fears to lose its home, one in ten had to sell assets in order to pay obligations, one in three cannot pay utility bills and mortgage installments. The list of so-called “Greece’s  success story” is long …

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The economic collapse continues to threaten Greek households, with many families not being able to feed their children. Malnutrition reportedly affects more and more children, the number could be more than 100,000. According to daily Eleftheros Typos, 975 schools across the country have applied to be included into the program …

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In a symbolic action, at least fourty parents from Volos, urged the President of the Republic, the Prime Minister and the Parliament Speaker to adopt or foster their children. The members of the local association of families with three children in Almyros symbolically signed adoption papers agreeing that their children …

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Kouzilos family lives in the dark since one and a half years. The debt to Greek Public Power Company (DEH) amounts €1,900. Father Giorgos tried to make an arrangement with PCC ten days ago, but no solution was found with the local branch. His offer of 500 euro was not …

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Debts? No job? A man saw no way out of the many problems. He took a hunting rifle and shot himself in the face. However he survived the suicide attempt even though the shot hit the jawbones. HE was transferred to a nearby hospital. According to local media reports, the …

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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 of Greece’s most beloved fashion designers Michalis Aslanis is dead. He was found in his apartment in Kolonaki in Athens on Wednesday noon by one of his assistants.  Greek media speculate that Michalis Aslanis had committed suicide due to economic problems. An autopsy will determine the exact cause of …

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Economic crisis and decreased income trigger frustration. And a never-ending struggling to make ends meet. Scratching together the last euro to come up for daily expenses, cover basic needs, children’s essentials. Economic crisis spoils the fan of life and leaves you there with an endless longing for the times that …

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How does it feel to see the crisis hitting you and your family and you see your life turn upside down in just a couple of years? How does it feel to see your children without job or struggling for what I often call “bag of peanuts”? How does it …

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