The Economic and Financial Affairs Council (ECOFIN) approved the medium-term fiscal-structural plans of 21 member states, including Medium-Term Fiscal-Structural Plan of Greece (2025-2028) on Tuesday. Ecofin adopted the recommendations for the first-ever plans and set out the net expenditure paths for 21 member states. According to the trajectory approved as …
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Ammunition explosions: Defense Ministry inspects fire safety in military sites
Following the ammunition explosions in the depot of the country’s biggest air base, 111 Combat wind, due to wildfires, Deputy Defense Minister, Nikos Hardalias, travels to military sites throughout Greece in order to inspect their fire safety measures. “As a political leadership we want to guarantee the issues concerning the …
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Greece to restore natural environment, proceed with anti-flooding works
Energy and Environment Minister Kostas Skrekas announced a generalized plan on how the Greek conservative government will restore the natural environment in areas that were destroyed by the fires since the beginning of August. Skrekas said the Environment Ministry is drafting plans focused on allowing forests to regrow or replanting …
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Greek gov’t is planning to activate restrictions on Airbnb rentals
The Greek government is planning to activate restrictions on short-term rentals via online platforms like Airbnb. Reason for the government plans is the dramatic increase of the phenomenon that has lead to affordable rental prices for locals. The ministries of Finance, Labor and Tourism are to set a committee assigned …
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Transport Ministry plans reduced ticket fares for short journeys in Athens
Greece’s Transportation Minister Christos Spirtzis announced government plans to allow reduced ticket in Athens public transport means for short journeys. According to economic news website newmoney.gr, Spirtzis said in an interview it was not fair that someone who travels across Attica pays the same fair as somebody who uses public …
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Minister: Greece has no plans to populate islets in the Aegean Sea
Deputy Shipping Minister Nektarios Santorinios said there are no plans to create infrastructure or settle people on uninhabited islets in the Aegean Sea as part of the government’s plans to develop them. In a statement Santorinios said among others that the plan foresees the touristic exploitation for the benefit of …
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The “unaccompanied” minor brides: Greece’s Migration Minister reveals new phenomenon in Migration Crisis
Greece’s Migration Minister Yannis Mouzalas vowed to improve living conditions in the overcrowded migrants camps especially on the islands of the eastern Aegean Sea. Speaking to reporters on Wednesday, Yannis Mouzalas revealed a new phenomenon in the Migration: The Unaccompanied Brides These are minor girls married to adult refugees and …
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EU Commission works towards a EU-wide minimum wage
The idea of adaption of a European minimum wage is not new. European Commission President-designate Jean-Claude Juncker said in July 2014 that he would work towards the introduction of a minimum social wage in each member state of the EU. Two years later, the discussion on the issue is high …
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Germany, France seek stronger EU defense after Brexit
Germany and France have outlined plans to deepen European military cooperation after Britain’s exit from the European Union, a document obtained by Reuters show. In potentially the biggest leap in European defence since the 1990s, Berlin and Paris are laying out ways for the bloc to rapidly deploy forces, with …
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NATO will send ships to the Aegean asap but operational questions still open
Defense Ministers of the North Atlantic Alliance unanimously decided the NATO involvement in the Aegean Sea in order to “assist Turkey in the refugees and migrants issue”, to “intercept smugglers moving migrants from Turkey to Greece,” – and in extended form also to Europe – and “to stem illegal trafficking …
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Greece to combat tax evasion with “Midnight raids German style”
Greece’s tax authorities prepare “raids German style” in the middle of the night in order to localize ‘black money’ and ‘undeclared assets’. The tax inspectors will knock on doors or ring the bells at companies or freelancers’ business addresses even in the middle of the night and conduct controls. The …
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Time for Varoufakis to get over the political ‘divorce’ from Tsipras
Someone is still hurt deep down inside. And he cannot get over it. Word is about the ex Finance Minister Yanis Varoufakis, who was kindly requested to resign from his post after the Referendum in July as he had disagree with PM Tsipras. Yet, the ex FinMin-Super Star of Greece …
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Survey: 7:10 Greeks support “honorable compromise” with European partners
Seven out of ten Greeks support a “honorable compromise” with a mutually acceptable solution between the Greek government and the European partners. The public opinion survey conducted by Marc for daily Efimerida ton Syntakton refers to Government’s announced measures and future plans: To the question “if negotiations do not bridge …
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Varoufakis: “I’m finance minister in a bankrupt country”
“I’m the finance minister of a bankrupt country,” Finance Minister Yanis Varoufakis told German weekly DIE ZEIT and ZEIT ONLINE in an interview full of messages and good intentions, just days before his meeting with his German counterpart, Wolfgang Schaeuble on Thursday. He promised “a big reform program” and urged …
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Greek Gov’t to hire 14K civil servants after laying-off 14K
Greek government plans to hire some 14,000 civil servants and thus despite the fact that more than 4,000 were laid off last year and more than 15,000 are to be laid-off this year by the orders of the Troika. Crazy? It depends… According to the governmental recruitment plan obtained by …
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Greece to enable “vacation in Lighthouses”
I admit it! That’s an original idea to enrich the heavy industry of the country: the tourism. Deputy Defence Minister Dimitris Elefsiniotis is due to promote a law that will define anew the regulations of the lighthouse network of the country. This will make possible the establishment of an institution that …
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Greek government considers creating a big “bad bank”
Greek daily Imerisia reports that the Greek government is considering submitting legislation to create a bad bank to take non-performing loans off the books of Greek banks. The move would not only aid banks but give more time to those struggling to repay loans, according to the article. The paper …
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Tsipras: “Memorandum Failed” – Eight Objectives to Reconstruct the Greek Economy
Calling for people to respond to the “invitation for unity and creation”, Alexis Tsipras, Greece’s leader of main opposition party left-wing SYRIZA, revealed a thorough program for the recostruction of the Greek economy. Speaking at the International Fair of Thessaloniki, Tsipras presented eight objectives for “a comprehensive, coherent, progressive and realistic reconstruction program” in order to …
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NYT: Trucks Full of Cash at Greek Borders, Should The Country Exit the Euro
I try to paint in my mind the picture… How a fictive scenario would look like in reality: two, three, four… trucks full of thousands fresh-printed banknotes in US-Dollars parked near a border post to Greece – in Albania, FYROM, Bulgaria or Turkey. Bored and unsaved truck drivers, resting their feet on the wheel, chewing …
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EURO Grandeurs’ Vision: EU to Demand Changes in National Budgets Irrespectively of Bailout
Top officials from the European union and the Euro Zone revealed their grand vision about the common currency, the EURO. In the European version of the Chinese “Gang of Four*”, van Rumpuy (EC), Barroso (EC), Juncker (EUROGROUP) and Draghi (ECB) called EZ member countries to proceed to tighter fiscal control and to “grant …
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