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Tag Archives: money

Police officer arrested for stealing money from migrants

A police officer was arrested on Friday for stealing money belonging to two migrants at a pre-detention in Peloponnese. According to a police announcement on Saturday, the officer  was serving in the pre-departure detention center for migrants in Corinth in southern Greece and was arrested ror theft and breach of …

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German FinMin Scholz to block €970mn for Greece at Eurogroup

German finance minister Olaf Scholz (SPD) plans to block the release of 970 million euros for Greece at the Eurogroup meeting in Brussels on Monday. According to an internal memo of the German Finance Ministry obtained by daily Handelsblatt, the Eurogroup should postpone its decision [for the money release] at …

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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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