If you think the Troika representatives can bypass 50 disable protesters and enter unharmed the Labour Ministry in Athens , you’re wrong. The panic and confusion is so big that the Troikans can land into some private gym instead… Sorry, that was the gym. Labour ministry is there! Some 50 representatives …
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A Very European Break Up: Satire on Greek-German Relations (Video)
It is not secret that relations between Germany and Greece are very troubled. If the two countries were a married couple, they would have certainly have to seek professional counseling, should they want to save their marriage. Bob Denham , a young British director, describes with humour not only the troubled Greek-German …
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IMF Applauds Itself for the Success its Bailout Programs
No, it’s not a joke. In IMF’s scores-reviews published on Monday, International Monetary Fund among other “applauded itself for the success of its bailout programs”… Hm… should I mention the wrong predictions on recession? The bailout programs that crash the health care system? The end of welfare state? The grabbing of social contributions translated into sharp pension …
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EUROSTAT: Greece Leads in Youth Unemployment with 53.8%
Greece leads in youth unemployment with 53.8%, while it occupies the second place after Spain in unemployment in all age groups. According to EUROSTAT, unemployment in Greece reached 23.1% in May 2012, recording an increase of 6.3% compared with May 2011. This is the second highest rate within the European Union after …
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Greece’s Recession at 6.2% in 2Q 2012
Greece’s economy is as bad as experienced by millions of Greeks. According to data released by Greek Statistics Authority (ELSTAT) recession reached 6,2% in the second quarter of 2012. The news seems to confirm EU and IMF estimations that it would reach 7% in 2012. “Greece΄s economy contracted 6.2 percent …
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Greece(22.5%) and Spain(24.8%) Lead in EU and EZ Unemployment
Greek’s never ending Calvary: Unemployment. Every month, a new record. Unemployment reached 22.5% in April – in comparison 21.9% a month earlier and 16.2% a year earlier. According to Eurostat, Greece has the second-highest unemployment rate within the European Union, after Spain that sadly leads with 24.8% (June data). However Greeks …
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EU Investigates ECB Chief Mario Draghi Over Alleged Conflict of Interest
Hardly had we found a euro zone savor, i.e. ECB-Chief Mario Draghi, it looks as if we may lose him again. The European Union saw itself enforced to investigate allegations raised against Draghi by NGO Corporate Europe Observatory, an EU-focused lobbying tracker. CEO accused Drahi of lacking of independence because of his membership to …
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EU-Sources to Reuters: Greece Will Need More Debt Restructuring
As if the notorious and anonymous “EU-source” predicting and forecasting bad omens was not enough, two more “EU-Sources” popped up and all the three together told Reuters that Greece would need another debt-restructuring. However as the issue is too complicated there is no open discussion until now about this issue, the …
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Greek Madhouse: State-Run Entreprises “Forgot” to Cut wages, Government “Forgot” to Control
The managements of Greek state-run enterprises seem to be very forgetful. So forgetful, that they “forgot” to implement government decisions concerning wages cuts for thousands of employees at state-run enterprises (DEKO) and other state bodies and organizations. Even worst: the government forgot to control if laws and decisions are been …
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EU-Commissioner Reding: Germany Must Do More To Save Euro
EU Justice-Commissioner Viviane Reding called German major companies to do more to support the euro as they benefit enormously from the single market and the currency union. German business must to do more save euro: EU’s Reding Germany’s top companies and executives must do more to support the euro, EU’s …
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EURO Grandeurs’ Vision: EU to Demand Changes in National Budgets Irrespectively of Bailout
Top officials from the European union and the Euro Zone revealed their grand vision about the common currency, the EURO. In the European version of the Chinese “Gang of Four*”, van Rumpuy (EC), Barroso (EC), Juncker (EUROGROUP) and Draghi (ECB) called EZ member countries to proceed to tighter fiscal control and to “grant …
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President Obama Assures PM Samaras, USA Will Support Greece’ Efforts
US-President Barack Obama called Greek Prime Minister Antonis Samaras on Monday afternoon and assured him that the USA will support Greece’s efforts. According to Athens News Agency, President Obama congratulated Samaras for wining the June 17 elections and asked him about his health condition. Obama assured Samaras that the …
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Soros Warns Euro May Dissolve if EU-Leaders Fail to Curb Debt Crisis
The week started really bad for the euro zone. Spain formally sought a banking rescue of up to 100 billion euros Monday, Cyprus struggles to bypass EU and seek a loan from Russia, while France does not feel better either as its banks apparently fight to avoid bank contagion. Amid this euro zone turbulence, billionaire …
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Greece Seeks International Aid to Combat Wildfires Near Athens
Greece sought international aid to combat the wildfires that started on Saturday, spread to an area of 20,000 acres and burnt of rural and agricultural land, several houses, professional sites and warehouses and causing dozens of residents to flee their homes in the Eastern Attica region some 30 to 50 km away from …
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EU Plans Loan-Agreement Concessions to New Greek Government?
Concessions? What concessions? Several international newspapers have been reporting about it in the very last days before the crucial June 17 elections. Is it true that the EU wants to make concessions in the bailout terms or is it just another ‘leakage’ aiming to convince Greeks to cast their votes for …
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Eurogroup Teleconference on Greek Elections Night?
The Finance Ministers of the Eurogroup are allegedly to plan a teleconference immediately after the results of the Greek elections on Sunday night, two EU diplomatic sources told AFP, reports Athens News Agency. “A teleconference Eurogroup meeting is expected to be held after the elections results are known on Sunday, …
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EU-Sauce Source: Euro Zone To Impose ATM Withdrawals Limitations, Should Greece Exit Euro
One week before the June 17 elections, a new allegedly horror-scenario lands on the heads of troubled Greek voters. In an exclusive story, an EU-source told Reuters that EU finance officials have discussed the limitation of free capital and persons across the EU and Schengen (for Greeks), should Greece abandon the euro zone. …
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Tsipras Briefed G20-Diplomats on SYRIZA’s Pro-European Stance and Foregin Policy
Government challenger Alexis Tsipras from left-wing SYRIZA invited the ambassadors of G20 most industrialized states in Athens in order to brief them about the party’s pro-European stance, its programme and main objectives in foreign policy. Based on the central party position that the Memorandum of Understanding leads to the destruction of the …
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EU, ECB Have a “Master Plan” to Save Euro Zone
The four Musketeers, Barroso (EC), van Rompuy (EC), Juncker (Eurogroup)and Draghi (ECB) are reportedly working on a …secret plan to save the euro zone from the crisis. The ambition plan that will be implemented first to EZ member countries foresees among others more EU control over national budgets, a “bank union”, …
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Barroso-Papademos Hand-in-Hand Against Tsipras?
Why did Jose Manuel Barroso threaten Greece with euro exit right after May 6 elections? Reuters claims that the president of the European Commission made this statement after caretaker prime minister Lucas Papademos asked him to do so – in an effort to build a dam against Alexis Tsipras. According …
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