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Tag Archives: growth

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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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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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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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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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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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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