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Tag Archives: money

Govt’ abolishes rent subsidy for cabinet members without seat in Parliament

The Greek government has submitted an amendment that abolishes rent subsidies to ministers and deputy ministers that do not have seats in the Parliament. The amendment has been submitted on Wednesday evening and will be voted later on Thursday. The abolishing of the rent subsidies will go into effect retrospective …

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How the ECB plunders Pension Funds and Deposits

Are you one of the few chosen ones with euro savings at the bank? Are you shocked every time you go get your “profit” from the interest rates to see a handful of coins landing in your purse?  You complain to the bank and get the standard answer “There is …

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Tsipras speak of WWII loan & SIEMENS bribes, Merkel of Reforms

The joint press conference by German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras in Berlin had a strong conciliatory tone. Both sides stressed the importance of dialogue, cooperation and mutual trust. However each side focused on the issue dear to it with Germany to insist on the reforms …

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Where did Greece’s bailout money go? Mostly to the lenders…

There is much talking about debt forgiveness and haircut lately with many economists (finally!) wondering where did the bailout money for Greece go. “Just 10% from the two bailouts totalling €252 billion went into public spending,” UK-based NGO Jubilee Debt Campaign has found out. “London-based pressure group Jubilee Debt Campaign, …

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Former PASOK Minister to return €230K in SIEMENS bribes

Former Transportation Minister Tasos Mantelis (PASOK) has decided to return the money he is being accused to have received as bribe by SIEMENS in order to receive reduced punishment. According to Greek media, Mantelis has declared to give 450,000 DM (230,000 euro) to public revenues office in order to enjoy favorable …

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5,620 civil servants transferred abroad €1.5billion amid the crisis

Yeap! Our Greek civil servants earn good and apparently save even better! 5,620 government employees transferred a total of 1.45 billion euro to financial institutions abroad and thus amid the crisis. According to data released by the Ministry of Public Administration the average amount sent abroad was 270,000 euro, while …

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Greek FinMin names three MPs who transferred money abroad

A lawmaker from Samaras’ Nea Dimokratia, one from former Samaras’ juniior coaltion partner Democratic Left and one from nationalist opposition Independent Greeks. The three MPs saw their names in a statement issued by the Greek Finance Ministry on Monday. A statement saying that they had transferred money abroad. also the …

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No Greek ID cards until March 2014 due to material shortages?

Is it true? Can this be true? That there is shortage of paper and adhesive tape for the issue of Identity Cards? According to zougla.gr, Greek police headquarters sent a memo to all police stations saying that they will have to wait until March with the issue of ID cards, …

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Misleading sms sends thousands of Greeks to tax offices to claim money back

A misleading sms text sent to thousands of taxpayers via mobile phone caused long queues at local tax offices as people rushed to claim back  the so-called “emergency property taxes” already paid in 2011. Geek media report that the text message was saying: “The Law 3986/11 on special solidarity levy …

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Survey: 4:10 Greeks borrow money to pay their bills

Four out of ten Greeks borrow money in order to pay utility and other bills. Also 40% states that they have not enough money to live a decent life due to lay-offs, unemployment, wage cuts, increased taxes and the price of heating oil, and declare that utility bills -electricity, telephone, …

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