August 11, 2012
Society, Tourism
What is a Greek family worth, if mom, dad and kids cannot swim in the sea? Already in the 1980’s Andreas Papandreou* launched the slogan of Greek summer identity: “Swimming for the Common People!” (Τα μπάνια του λαού). A socialist concept for summer where every Greek, especially low-income families, had the right to affordable summer …
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August 7, 2012
Economy
That’s enlightening. The International Monetary Fund allegedly pushes European governments to ease the burden of borrowed sums to Greece. The IMF claims, it is under pressure by its own members about the huge amounts they have lent to Euro Zone. Speaking to Wall Street Journal under conditions of anonymity, IMF …
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June 8, 2012
Economy
Statistics just confirm what everyone living in Greece experiences each and every day: That economy is deteriorating, that shops close down, people lose their work places, consummers hardly spend a euro than to cover basic needs and citizens have no money to pay taxes or even utilities. According to Greek Statistics Authority …
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May 11, 2012
Economy
I think it’s high time for European bureaucrats to take a deep, passionate look into the euro zone countries realities and thoroughly review their economic strategies. In its 2012 forecast report about growth within the EZ, the European Commission announced the griming predictions for the EZ in general and the European South in …
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April 27, 2012
Economy
“My country was the spark, but it merely exposed the inherent flaws within the eurozone. ” The Greek prime minister who took the country into the euro zone Costas Simitis published an article at the British The Guardian. He speaks about deficits and successful measures, but blames the the European Union for failing to …
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March 30, 2012
Economy, Society
Greece is going from bad to worse. That’s no news, but when it comes summarized through the official data from the European Union it is really impressive. In its querterly report on employment and the social situation in the opean Union, the European Commission states that 370,000 jobs were lost in the first three quarters …
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March 19, 2012
Economy
The monetary report of the Bank of Greece is out and forecasts the recession will continue parallel to the rise of unemployment. The governor of BoG says in a sybillic style that “unemployment will exceed 19%” but he refrains from telling where it would stop – i.e. 25%? 40%? Provopoulos …
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March 6, 2012
Economy
Recession in Greece hit -7% in the last three months of the 2011, in comparison to the same period of 2010, according to latest Eurostat report. Recession has been also recorded in Portugal (-2.7%), Slovenia (-1.5%), the Netherlands (0.7%), Italy and Cyprus (-0.5%). The biggest growth was recorded in Lithuania …
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February 23, 2012
Economy
This must be a joke. A bad joke. In fact, a very bad joke. Recession in Greece will lead within the EU with a massive 4.4 percent decline is the prediction of the EU Commission for 2012. This grim forecast comes just a few days after the new bailout was signed with the …
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February 14, 2012
Economy
Greek Statistics Authority (ELSTAT) tells us what we all know: that nothing moves in the economy of the country, with permanent income decreases and banks hardly giving a loan of 1 EUR to business and enterprises. Recession reached -6.8% in the whole of 2011, and it even reached 7% in …
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November 24, 2011
Economy, Society
The figures are merciless: 500,000 households in Greece have zero-income, as there is no household member with a work. If you take into consideration that these data is based on employees only and do not include the self-employees, the reality must be much worst. The report prepared by the Bank …
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November 18, 2011
Economy
Greece’s Budget 2012 has been submitted to the Parliament on Friday after being approved by the Cabinet. According to the text tabled at the parliament, the Budget 2012 estimated that recession will be reduced to 2.8%, unemployment to exceed 17% and new taxes to empty taxpayers’ pockets by 12 billion …
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November 10, 2011
Economy, Society
Unemployment reached 18.4% in the month of August breaking the ‘barrier’ of 900K. According to data released by the Greek Statistics Authority (ELSTAT) 90,000 people lost their job last August. the total number of unemployed Greeks is 907.953. The news is more than shocking, then the summer months consider as …
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November 4, 2011
Economy, Society
Thousands Greeks queue day in, day out for a free meal, a slice of bread and a bottle of water at the soup kitchens organized by charity organisations. While until recently the majority of the needy queueing for free meals were homeless, drug addicts and illegal immigrants, the picture changed in …
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October 5, 2011
Economy
Revising the Statistics data seems to turn into a hobby in Greece. Two days after the announcement of the draft budget -which was based on old data – , the Greek Statistics Authority (ELSTAT) revised the Gross Domestic Product. Recession was deeper than estimated. Why bother with balance sheets and …
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September 17, 2011
Economy, Society
A 55-year-old man, desperate to lose his home due to a bank loan set himself on fire in Thessaloniki of Northern Greece on Friday. The man went in front of the bank, poured gasoline on this clothes and set them on fire. Armed with a gasoline jar and a loudspeaker and …
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September 15, 2011
Economy
Unemployment in Greece reached shocking level with 810,821 people without job. According to National Statistics Authority, unemployment increased 36.5% in comparison with the April-June 2010 period. Without job is 1:3 youth and 1:5 women. Migrants are economically active at 73%, while the Greeks only at 52%. For the first time the jobless …
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May 4, 2011
Economy
Economic sentiment in Greece deteriorated for a second straight month in April, according to a survey showing the country’s consumers remain the most pessimistic in Europe a year after its EU/IMF bailout. Consumer confidence worsened after a three-month improvement as most Greeks cast doubt on recovery prospects and the survey …
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March 31, 2011
Society
Just as I was thinking to consult a psychotherapist to cure me from the deep economic depression, our Prime minister George Papandreou offered me this service free of charge. Well, not exactly ‘free of charge’, if you consider how much money we pay to maintain the state apparatus and pay back …
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March 31, 2011
Economy
This seems to be a day with lots of economy news. Bad news. Then the recession is digging deep in our lives. It’s just that the official data confirm our daily experiences. Greek Statistics ELSTAT released data showing a decline at double-digit rates in sales and turnovers in retail trade. …
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