Tag Archives: report

Political uncertainty, high tax rates, bureaucracy and the difficulty of enterprises to access to financial resources are the main features that push down the Greek economy. Competitiveness? No chance! The report «Global competitiveness report 2016-2017» published by the World Economic Forum places Greece on 86th position on a list of …

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Fiscal policy is not sustainable – Debt relief in needed – Weak growth perspective – Tax collection 50% below the target – Investment decreased by 60% –  The Rich and the self-employed evade taxes – Cut tax allowance and pensions but also tax rates. This is the message the International …

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Increased risk of early elections in Greece. Who says that? The Bank of America Merrill Lynch,  the corporate and investment banking division of Bank of America. According to a report compiled by the company’s analysts, the increased risk of early elections is due to a weak majority coalition government and …

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The International Monetary Fund is concerned about the Europeans who insist on living instead of set sail and go meet their creator – thus relief the pensions funds and the public health care system. The population in Europe is aging and this is going to create havoc in economy and …

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The much awaited report of the International Monetary Fund’s independent  watchdog (Independent Evaluation Office- ΙΕΟ) is out: 700 pages featuring one by one all the errors, mistakes, miscalculations in the design and implementation of the IMF’s programs in Greece, Ireland and Portugal 2010-2011 and the way it handled the crises …

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An auditors’ body consisting of independent economists investigated the first Greek Program. In their report the economists sharply criticize the International Monetary Fund and record seven mistakes the IMF did in the Greek program. According to daily Kathimerini that exclusively published the report, the group of  independent economists and specialists …

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The numbers are impressive and shocking at the same time. The number of people displaced by conflict is at the highest level ever recorded, the UN refugee agency said on World Refugee Day on June 20th. The UNHCR estimates that 65.3 million people were either refugees, asylum seekers or internally …

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The economic crisis and the strict austerity bound to the loan agreement kill. They kill Greeks. The Bank of Greece may not write it in such a melodramatic way on its Monetary Policy Report 2015-2016. However, the conclusions in the chapter about “Reforms in health, economic crisis and impact on …

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For one more time, our European partners and the European Commission are using Greece as pretext to extent internal Schengen border controls for another six months and for only 5 countries which are in fact the following two: Germany and Austria. Despite the presence of the NATO force, the enhancement …

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A friendly pinch on the cheek, a pat on the shoulder. Exactly the same style European Commission President Jean-Claude Juncker uses for the prime ministers and finance ministers of the EU. This time it was the majority of EU leader who had to comfort Juncker’s frustration and tell him to …

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The independent investigator from the United Nations Human Rights Office of the High Commissioner concluded his mission on the effects of the foreign debt crisis, the creditors’ adjustment program and the impact on economic, social and cultural Human rights. In the UNHR website, Juan Pablo Bohoslavsky posted his preliminary report …

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Greeks continue to ‘invest’ in education and ‘produce’ qualified jobless despite the high unemployment among the youth and the highly skilled labor craft. According to OECD’s latest report “Education at Glance 2015” Greece has the highest rate in higher education. The Organization for Economic Cooperation and Development found in its …

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German Finance Minister Wolgang Schaeuble is a great man. And great men have great plans. Especially when it comes to charge others with taxes. German daily Sueddeutsche Zeitung reported on Saturday, that FinMin Schaeuble and the European Commission were mulling a pan-European levy in order to cope with the Refugees …

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The impact of a possible Grexit for the Greek economy and society has been outlined in a study conducted by consultancy firm Ernst & Young in cooperation with Oxford Economics. “The study was launched in March 2015 and completed end of May 2015. The purpose was to provide information to …

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What if the Brussels Agreement was adopted by the Greek government and the Parliament. The fear-mongering against the Greeks continue. After the creditors tried everything in this direction, after we critical observers thought we had seen everything… surprise! Another card was pulled out: tanks in the streets of Athens. An …

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There was this story I heard by a friend. It must have been beginning of February or so. He told me, he was advised by an employee of the bank were he had his savings to withdraw them – take it at home, dig a hole in the garden. I …

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There seems to be some discrepancy between the current and older data released by the German Finance Ministry regarding the profits it makes from the bailout loans to Greece. While the German Finance Ministry claims nowadays that the profits from Greek interest were “€360 million from 2010-2014“, according to older …

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“It’s a good strategy, finally someone raises his voice towards the lenders,” Eleni says as we sit around the table for the traditional Lent lunch on Monday. We nibble from plates and bowls full of raw and cooked seafood and various salads, we bite on crusty Lent Monday bread with …

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“The ECB Governing Council and the ECB banking supervisor would be more comfortable if there were capital controls to prevent the banks bleeding (money),” German arch-conservative daily Frankfurter Allgemeine Zeitung claimed Thursday citing an source from the European Central Bank. ECB’s concern was allegedly based on the ground of a …

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Austerity measures adopted in response to the economic crisis have adversely impacted human rights. The austerity measures traumatized the labor market and the healthcare system,  fuelled a sharp increase in unemployment,  triggered disastrous social effects, curtailed fundamental freedoms in Greece, denounce the International Federation of Human Rights (FIDH) and its …

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