Tag Archives: report

It was high time that the real data of the economic situation of the Greek society come to the surface! 2.5 million Greeks live below the line of relative poverty and another 3.8million people are at risk of poverty! A total of 6.3million people, which means more than half of …

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The weather forecast was clear: a summer storm with rain and thunder was due on Saturday, July the 19th, and thus short after noon time. Rain and lightning and wind would hit Athens and the bad weather for Greek summer would last until the evening. And so it did. I …

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“Primary surplus targets are much too optimistic,” says the budget office of the Greek Parliament with reference to the mid-term economic plan issued last week. In the report released on Friday, the budget office urges the ‘downwards revision of the primary surplus targets” and “the discussion on debt relief to …

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“The European Union  must sanction Greece for its widespread practice of pushing back refugees and migrants,” said Amnesty International in its “Greece: Frontier of hope and fear”” published on Tuesday. According to AI, with this practice Greece violates its international human rights obligations and urges the EU to use its …

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“What jobless in crisis-hit south think of the European elections?” BBC journalist Patrick Jackson is traveling to “unemployment hotspots” of the Eurozone and collects opinions from Spain, France, Italy and Greece. First stop is Seville, in the Spanish region of Andalucia where general unemployment reached 36.3% last year and youth …

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It’s official! Almost…. or something like that…. According to EUROSTAT, “Greek primary budget surplus for the year 2013 is 3.4 billion euro,” Greek media hail on Wednesday. In its annual report the Eurostat does not refer to primary surplus, but Greek government and the media came to this conclusion after …

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An American woman is being hospitalized at the intensive care unit of Venizelion Hospital in Heraklio, Crete,  while her husband, another US-citizen and a Greek are being treated for burn injuries. The three US-citizens, two Cypriots and two Greeks were injured on Saturday night in Santorini, when a makeshift firecracker …

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The Budget Office of Greek parliament summarized the tax increases that took place since the country sought the aid of International Monetary Fund. The report was thought as an answer to finance Minister Yiannis Stournaras who denies the Greek households were overtaxed. “A series of tax increases from 2010 up …

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The incomes of employees in Greece’s private sector are expected to undergo a further reduction at 1.5%. And this although wages fell at 21.7% during the last three years, after Greece surrendered to the Troika bailout mechanism. But of, course and in contrast employees at the Greek public sector and …

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Hurray! Our Lenders & Masters are pleased with us! Yes, us, the lazy and tax evading Greeks. Our Lenders & Masters are pleased with the progress we have made. Oh wait! EU Monetary affairs Commissioner Olli Rehn did not say that exactly. He said instead: “We are seeing encouraging signs …

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International Monetary Fund wants new austerity measures worth 6.7 billion euro from Greece and thus until 2016. The IMF sees no primary surplus to be achieved for 2013 and furthermore that additional debt restructuring (haircut) will be requited.. According to IMF’s “Fiscal Monitor” report published on Wednesday, Greece is expected …

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Greece is improving. In terms of competitiveness, not in terms of a living standard in dignity. According to World Economic Forum annual report, Greece demonstrates “marginal improvement in competitiveness” (that’s usual low wages), while “financial access, bureaucracy and corruption remain serious problems”. I suppose the neo-liberal technocrats of WEF did …

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It’s time that we, the non-economists dealing with the Greek debt crisis, learn a new term. That’s “jobless growth” or “jobless recovery”. In short,  this term means that there is growth in an economy of a country, but people still get no jobs. Something like the phenomenon in modern Greece of …

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Stuck in recession, plagued by soaring unemployment and suicides – the Greek plight is dragging on, sending shivers across the EU. Greece is struggling to meet the conditions of its international lenders, who are pouring billions into the ailing economy. But when will the rescue package actually work? Or has …

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The death of famous fashion designer Michalis Aslanis remains a mystery even after the preliminary results of the autopsy. “Aslanis died from pulmonary edema,” Greek media report on Thursday, citing the coroner who conducted the autopsy. Greek fashion designer Michalis Aslanis died from pulmonary edema according to a preliminary post …

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How much clown can you be? It looks as if “clownessness” has no limits. Three years after the loan agreement with Greece, the clowns of International Monetary Fund are still puzzled about the causes as to why the Greek fiscal adjustment program did not work and that recession grew much …

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While even EU politicians have repeatedly claim that Greeks cannot afford more taxes, the EU technocrats with the blessing of those EU politicians came to the conclusion that Greeks will have to pay the so-called ’emergency taxes’ also for the next years. In the latest European Commision report on Greece issued on Monday, …

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There must be something rotten in the economic reports, predictions and forecasts concerning Greece. While locals, like the Bank of Greece see “light at the end of the tunnel”, internationals like the OECD seem to see that this light belongs to a train… The Organization for Economic Cooperation and development …

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Greece’s neo-nazi party has apparently a noble cause. Only to help people in need, “like the Hezbollah does in Lebanon”. That was said by GD MP Ilias Panagiotaros to Australian network SBS “Dateline” program. Furthermore, the lawmaker suggested that instead of people committing suicide, they should rather “kill those responsible for …

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Recession in Greece is likely to end in 2024 but unemployment will remain above 20 percent for another three years. That would be …ehm… let me count… in 2016! Nice perceptive for the more than 1.3 million jobless. In a report published on Friday, the European Commission predicted the possibility …

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