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Tag Archives: loss

Greek households lose 27.9% of their assets during crisis decade 2008-2018

Greek households have lost 27.9 percent of their assets in the crisis decade 2008-2018. According to an analysis by Alpha Bank, the drop was the biggest in the eurozone and is followed by those recorded in Spain, Italy and Cyprus. Germany recorded significant gains during the same period. Portugal also …

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Greece is second on Lost Wealth List for the decade 2007-2017

Greece comes second only to Venezuela on a recent list of countries that have seen their fortunes change dramatically in the decade from 2007 to 2017. The annual report for 2017 by South Africa-based research company New World Wealth found that Venezuela saw its wealth in US dollars shrink 48 …

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Greek gov’t to issue 86,000 ‘civil mobilization’ orders for teachers …before the strike

Greek government is determined to have university entrance exams take place as scheduled. Starting date is the 17th of May 2013, not matter what. Therefore, after the teachers’ union announced on Friday that they would launch a strike, the education minister rushed to prime minister. Antonis Samaras signed a “civil …

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Police Cracks Down 3 Greek Fuel Smuggling Rings. States loses €4 Mn in Taxes

 Financial police in Athens arrested 10 people in connection with fuel smuggling that is estimate to have cost the Greek state some 4 million euros in lost taxes over the six months alone. The suspects were arrested following an operation that began about six months ago, police said on Tuesday. The …

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Crete: Employee Dies the Moment He Learns He Had Been Fired

 The news was too tough for the employee to bear. The man collapsed and passed away within minutes upon hearing that he had been dismissed. The 49-year-old man was employed at a company in Heraklion, Crete. The moment his employer announced his dismissal due to economic crisis imposed job cuts, the …

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