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Tag Archives: forecast

Seismologists warn of an “even 7R earthquake in Greece”

Greek seismologists warn of a big earthquake that might strike Greece – the country that is first in Europe and sixth in the world in terms of earthquakes frequency and energy released by eaρthquakes. Right after the powerful  6.6 R earthquake in central Italy on October 30th  and despite the …

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Were will the 180 votes for Greece’s next President will come from?

The second round of Presidential voting ended on Tuesday with candidate Stavros Dimas to have received 168 votes, far below the 200 needed. The votes came from the coalition Nea Dimokratia – PASOK (155) and 13 from independent MPs, among them two ex Golden Dawn. 2. round of voting – …

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OECD – Bank of Greece: conflicting predictions on recession & unemployment

There must be something rotten in the economic reports, predictions and forecasts concerning Greece. While locals, like the Bank of Greece see “light at the end of the tunnel”, internationals like the OECD seem to see that this light belongs to a train… The Organization for Economic Cooperation and development …

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Recession here: Greece economy shrank by 5.3% in 1Q of 2013

Greece’s economic output fell by 5.3 percent in the first quarter of 2013, compared to a year earlier, according to figures published the Hellenic Statistical Authority on Wednesday.  The Greek economy, which has been in recession since 2008, is expected to shrink by about 4.5 percent of GDP this year, …

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