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Tag Archives: government

Athens: Protesting Municipality Workers Carry the Government to …Grave.

Four men in black carry a wooden coffin. The band of Athens Municipality plays funeral music. Three men carry funeral wreaths with the names of the leaders of the three-party coalition government. The procession walks slowly through the streets of downtown Athens, passes through the Ministry of Administrative Reform and reaches outside the Greek …

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Greek Coalition Leaders Reached Basic Agreement on €11.5 Billion Package

After three hours of consultations, the three political leaders of Greece coalition government managed to reach a basic agreement on the 11-billion-euro cuts-package and the additional 3-billion-euro tax tsunami. Short after the meeting, Finance Minister Yannis Stournaras told the media, that the heads of the three coalition government parties had reached a “basic …

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Greek Coalition Leaders Meet to Finalize New Austerity Package

Greek coalition government partners Antonis Samaras, Evangelos Venizelos and Fotis Kouvelis meet on Thursday morning to finalize the austerity package of 11.5+2 billion euro for the years 2013-2014. While the three leaders have agreed on main cuts there are some measures that meet the objection of Venizelos (PASOK) and Kouvelis (Democratic Left), …

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Greece to Decrease Compensations to PM and Ministers, But Not to MPs

Greece’s alternate Finance Minister Christos Staikouras uploaded in open government a series of compensation cuts for the high-ranking officials of the country. The Prime Minister and the Parliament speaker, Ministers and alternate ministers will see their income been cut between 468 and 1,872 euro per month. The salaries for the …

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Who Governs Greece Right Now?

Amid the elections results, the scenarios of forming a government and the pressure by Greece’s lenders we almost forgot to mention an important issue: Who Governs Greece right now? Officially there is a caretaker government under former PM Lucas Papademos until the new government is formed. However the hazardous elections …

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Tsipras Recieved Mandate To Form Greek Government

Alexis Tsipras, leader of left-wing Radical Left Coalition (SYRIZA), the party that emerged second at the Greek elections 2012, received the mandate to hold exploratory talks and form the next coalition government. «This is a historical moment for the Left” Alexis Tsipras told President Karolos Papoulias. Tsipras, 38, will seek to …

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Political Earthquake Shakes Papademos Gov’ as Ministers Resign

A political earthquake shakes the Papademos government after three Ministers from coalition partner LAOS submitted their resignations on Friday afternoon, shortly before the crucial cabinet meeting on the new austerity package and the new loan agreement for a second bailout for Greece. Transportation Minister Makis Voridis, deputy Farming Minister Asterios Rontoulis …

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Greek Bankers At Odds with Gov’t Over “Haircut” & Recapitalization

 There is a strong public confrontation between the Greek government and the Greek banks as the latter oppose a haircut of 50% or more percentage. Tuesday morning, prime minister George Papandreou while calling political parties and citizens to show ‘collectedness’ ahead and after the critical EU Summit on Wednesday, describing the ‘haircut’ …

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Greece: Winds of Change?

The wave of Indignants appears to be spreading increasingly and the virus of  “Speak Up”-disease infects more and more people and social classes. The voices of those seeking changes in the deadlocked political system are getting louder. No, no, there not demands about ‘anarchistic revolts, “overturning the order” and other scary political concepts, …

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Greece: Finance Ministry G.S. resigns after Budget Revenues Shortfall

 A political bomb exploded in the hands of PM George Papandreou’s government after the General Secretary of Finance Ministry, Dimitris Georgakopoulos, submitted his resignation, apparently citing ‘personal reasons’. The government tries to downplay the resignation stressing that the resignation wasn’t due to political or management reasons. However in prime time news, Georgakopoulos …

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