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Tag Archives: recession

Survey in Private Sector: Dramatic cuts in wages & personnel for 2011

This is a dramatic development in the private sector. One in ten companies plan to cut salaries in 2011, is the result of a survey conducted by the KPMG polling company. At the same time, 4 out of 10 companies will give ‘zero’ increases and will decrease the number of …

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Greece’s Recession at 6,6% Q4/10 – Wanna see how it looks like? (pictures)

Greek economy shrank and recession hit unprecedented 6.6 percent in the fourth quarter of 2010, Greece’s Statistic Authority announced. At the same time, the total consumption spending fell 67 percent in the October-December period, compared with the same period in 2009 (public consumption fell 1.9 percent and private consumption fell …

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Sudden Winter Outbreak in Greek Labor Market!

I have been complaining the whole day about the heat-wave in Athens. A heat that went even higher as Greece bet Nigeria in Mundial 2010. But now, as we head towards evening, temperature drops. Not much, but enough to let me sit on a comfort chair and enjoy my plants and flowers on …

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