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Tag Archives: eu commission

Commission suspends EU Funds due to “cartels” in Greece’s construction sector

The European Commission temporary suspended all projects funded through the European Regional Developments Funds for the period 2014-2020 claiming there is a suspicion that a construction cartel has been exploiting the funds flowing into Greece. EC’s official justification for the suspension of funds amounting €13.5 million is the “distortion in …

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EU Commission Forecasts Extend Greece Recession to 2017

The European Commission sees Greece’s economy returning to recession in 2015 and the following year, with growth only materialising in 2017, and urged the Greek government to comply fully with the terms of the third lending agreement in order to restore economic confidence. According to finance news MNI.com, in its …

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Troika vs Greek FinMin: 100 installments for debts to tax office; do the maths…

After a planning that lasted several months,, Greek Finance Ministry set the guidelines for debtors to the the tax and customs offices. “Outstanding debts can be paid back in 72 or 100 installments,” mainstream media herald adding that “this is a big gift by the General Secretary of Revenues” to …

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UPD Damanaki denies she made statements about lowering the minimum wage

UPDATE: According to colleagues, EU Commissioner Maria Damanaki denied having made statements “about the EU Commission considering further lowering the minimum wage in Greece.” Speaking to NewsIt.gr  Damanaki vehemently denied to “have made such statements at least during the last year.” Sources close to Damanaki, told the website they were …

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EU Task Force: We’ll see reforms results in Greece after one year

“In a year we will know what with did with the reforms in Greece,” head of EU Task Force Horst Reichenbach told during a public hearing  of the European Union. Speaking at the Committee on Budgetary Control of the European Parliament in Brussels about the application for financial assistance from …

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EU Commission Greece’s report: end of recession in 2014 and unemployment at 21% in 2016

Recession in Greece is likely to end in 2024 but unemployment will remain above 20 percent for another three years. That would be …ehm… let me count… in 2016! Nice perceptive for the more than 1.3 million jobless. In a report published on Friday, the European Commission predicted the possibility …

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ΕU Commission confirms it raided oil companies in two countries

EU Commission inspectors raided oil and biofuel companies in two member states in terms of anti-trust practices. However, the relevant EU statement did not disclose neither the names of the countries nor of the companies. Official EU Commission statement dated May 14th 2013 “Αntitrust: Commission confirms unannounced inspections in oil …

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EU Commission report: Greece doing fine but would need new saving measures in 2015 & 2016

Economic  recovery is at sight, Greek Finance Minister Yiannis Stournaras told us last week. He said, he believed and hoped that things would get much better by end of 2014 and that unemployment would start decreasing later. In short, Stournaras told us to have faith, be patience and try to …

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