The clock shows two in the afternoon. I have been thinking the whole morning what news I should write about. Should I start with the upcoming cuts in pensions of several professional groups? With the hikes in patents’ cash participation in prescription medicine, maybe? As I was sipping in my …
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Finally Greek success story: Recession shrank thanks to tourists
There it is! Success and development. And growth. Everything goes upwards and I really do not understand why Greeks still complain about austerity, income shrinking and a non-stop misery. Recession shrank in the second quarter and thus due to several millions of tourists that picked up Greece for their summer …
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IMF report: Greek fiscal adjustment program failed ’cause of unpredicted human behavior
How much clown can you be? It looks as if “clownessness” has no limits. Three years after the loan agreement with Greece, the clowns of International Monetary Fund are still puzzled about the causes as to why the Greek fiscal adjustment program did not work and that recession grew much …
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Greece to set up “National Hydrocarbon Company”
Prime Minister Antonis Samaras on Tuesday announced plans for setting up a “national hydrocarbon company” to prospect for natural gas and oil deposits in the Aegean and Ionian seas. Speaking at a meeting with officials at the Environment Ministry in central Athens, Samaras said that speeding up exploration for hydrocarbon …
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PM Samaras: our goal to make Greece important tourist destination
I think three years in the crisis have mutated me into a notorious grumbler and misery-maker. I don’t see the progress Greece is recording. I don’t share the optimism bumped and hammered on my head by the government, almost on a daily basis. Greece is moving forward and I stay …
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Greece moves forward: Samaras & Co partners visit highway construction sites
Pictures from the distant past, when politicians inaugurated ambitious projects in the presence of entourage supporters and applauding locals. Prosperity right outside your doorstep. Prime Minister Antonis Samaras, his coalition government partner Evangelos Venizelos (PASOK) and parliamentary group leader Nikos Tsoukalis* (Democratif Left) had a common appearance today at three construction sites of …
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Greek PM hails Troika-deal, announces dismissal of 15,000 civil servants & new hires
He could hardly suppress his enthusiasm. A visibly touched prime minister appeared in our TV screens on Monday noon. Antonis Samaras hailed the deal with Greece’s international lenders painting with pink colors the future of Greece. Skillfully underlining the country’s achievements with a voice that trembled with passion and pride, …
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Juncker warns of “Social Rebellion in Europe” if Growth, Jobs not Addressed
Economic stagnation and high levels of joblessness risk sparking a “social rebellion” in Europe, Luxembourg Prime Minister Jean-Claude Juncker and former head of Eurogroup said Thursday. Speaking on his way into a meeting of European Union heads of government, Mr. Juncker said as long as growth prospects remain dim and unemployment …
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PASOK leader calls George Soros “international speculator”
They flashed and banged inside the Greek parliament, the political party leaders on Tuesday during the ‘hour of leaders’. Main topic of dispute the problems of in the agriculture and the farmers. It was inevitable that the leaders sharpened their swords on the painful issue of development and growth – …
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EU Commission: Greek economy to recover 2014 but unemployment still over 25%
European Commission’s economic forecasts published on Friday suggest that in 2013 we will see a gradual recovery in economic activity in the Eurozone. It should initially be driven by an improvement in external demand and later by an increase in domestic investment and consumption. As far as Greece is concerned, …
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Greek PM: “All together we can” – or not…
“With teamwork, all together will win!.I believe in the will power and the decency of Greeks in these difficult hours. The government will fight day and night to lift up our country and enter a path of development while ensuring the social cohesion that has been injured as expected. Top priority …
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Greek PM: EU Funding for development will go only to big projects
The news went almost unnoticed. It went under among billions of euro that will reach the country and make everybody’s pockets full. Everybody’s pockets? No exactly. Only the pockets of big interests that have always profited form the distribution of public money. Prime Minister Antonis Samaras made it very clear: The …
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EU Leaders Approved €120-Billion Jobs-, Growth-Plan via EIB
European Union leaders approved a 120 billion-euro ($149 billion) plan to promote growth in the 27-nation bloc that includes a capital boost for the European Investment Bank. The government chiefs agreed on a 10 billion-euro capital increase for the EIB today as a centerpiece of the long-term growth plan, which …
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Tsipras Pledges to “Keep Greece in the Euro Zone and Restore Growth” in Op-Ed to FT
Four days before the June 17 elections and while Germany and Austria raises their tones to influence Greek voters and cast their votes for pro-bailout parties, Alexis Tsipras, the leader of left-wing SYRIZA pledges to “keep Greece in the euro zone and restore growth”. In an op-ed to Financial Times, …
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Barroso Will Save Greece With Additional 15% Salary Cuts
Jose Manuel Barroso, president of the European Commission revealed during a speech at the European Parliament how he will save Greece as a country and Greeks as citizens. In a 42-page long communique, Barroso suggested several areas where immediate actions should be taken to “show promising results by the end …
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IMF Report on Greece: Growth -2%, Unemployment 18.5% for 2012
Ominous are the forecasts of the International Monatery Fund for the Greek economy and it sees no exit from the black tunnel we are in. In its Global Report – Autumn 2011, published a couple of days ago, the IMF forecast shocking data for growth and unemployment. In fact it sees …
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