Tag Archives: economic crisis

A group of  leading European economists around Prof. Hans Werner Sinn warns Greece’s creditors and advice the debt-ridden country to return to Drachma, or launch even tougher austerity measures and get a loan haircut of 30%, German Sueddeutsche Zeitung reported today. The group called “European Economic Advisory Group” (EEAG), presented its tenth …

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Greek students disturbed with slogans the speech of Prime Minister George Papandreou at the Humboldt University in Berlin last night. They shouted slogans like “The PASOK is here to rob the people” and attempted to lift an anti-government banner. Papandreou urged to talk with a representative of the some 30 people strong …

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I have been complaining the whole day about the heat-wave in Athens. A heat that went even higher as Greece bet Nigeria in Mundial 2010. But now, as we head towards evening, temperature drops. Not much, but enough to let me sit on a comfort chair and enjoy my plants and flowers on …

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↑ Inflation is up  5.4% in May 2010 ↓Income is down -30%

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All these Leaks about Greece’s bankruptcy, its Debt restructuring and return to Drahma…. where do they come from? by  Petros Leotsakos – Journalist – bankingnews.gr     Shades of indications but not evidence have started to emerge about who leaks all these  “doomsday scenarios” about  Greece’s bankruptcy and return  of  Drahma. …

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  A 50 years old man attempted to set himself on fire inside  a bank branch in downtown Thessaloniki. The man entered the bank at 15:00 and started to threaten he will set himself on fire. Shortly after he poured on himself a flammable liquid and lit the fire. The …

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Vacation? This was lllaaaast year…. The last vacation you ever had in your life ( photo: Lefkada 2009 ) Greeks experience a new shock, as the lenders – Troika (EE/ECB/IMF) demands a radical decrease in pensions. Pension : only just 48% of the salary after 40 years of work! While Labor Minister Andreas …

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Five new changes in Pension Reform Bill are required by the EU/ECB/IMF-troika, currently in Athens for consultation with the Minister of Labor. Speaking yesterday morning in ANT1 (the TV show “Good Morning Greece), Labor Minister Andreas Loverdos said that the troika, fearing a possible collapse of the Pensions/Insurance Institutions, calls …

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The Infernal Comedy Confessions of a serial killer  Audience’s darling, actor John Malkovich is performing tonight in Athens the serial killer “Jack” accompanied by the Vienna Orchestra playing from music works of Vivaldi, Boccherini, Mozart, Gluck, Haydn and Weber.  “The Infernal Comedy” is a stage-play for a Baroque-Orchestra, two Sopranos …

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photo source: ΚατσαRollers facebook – Protest May 5, 2010 Cacerolada a la Grecia – Greek Casserole Bang the Pot Against the Crisis! Pot-Protests in Greece The principle of cacarollers is simple: “Take an old pot and a scoop, sit down and start banging the scoop over the pot”. The instructions …

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Greek Businessman commits suicide after participating in “Kitchen Nightmares” reality-show. It was only a couple of months ago when restaurant owner Michalis Bofos, 42, participated in the Greek version of “Kitchen Nightmares”, a reality television series hosted by chef Hector Botrini. Bofos and his partner were seeking the help of …

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