March 7, 2013
Economy
Every two-three months the same procedure… Greece’s lenders increase pressure on the government of the debt-ridden country that hesitates to proceed with the Troika’s demands. This time the issue of lay-offs in the public sector lays high on the negotiation table. Greek media report, that the Troika gave a very clear …
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March 6, 2013
Economy, Society
Greek government and the Troika plans to cut even low pensions of 486 euro per month as the hole in the country’s biggest insurance fund IKA has reached one billion euro. According to daily Eleftherotypia, the plan foresees cuts of 1) 15 euro per month in 486-euro pensions for private sector. The …
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March 5, 2013
animals, Economy
Are we just about to see austerity measures imposed to Athens strays? Do the Troikans gave up numbers and balance sheets and started to deal with the stray dogs of this city? There are reports in the Greek media, that the Troikans complained to finance minister about the incident on …
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March 4, 2013
animals, Economy
The representatives of Greece’s lenders had a rather unpleasant encounter on Sunday: they came face to face with the famous Athens strays. Three, four doggies had taken position outside the finance ministry as the Troika moved to meet minister Yiannis Stournaras and check the pulse of Greece’s austerity progress. Duel …
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March 3, 2013
Politics
An odd and alarming at the same time e-mail puzzled many Greeks on Saturday, when a Greek newspaper posted on its internet site the content of an e-mail allegedly issued by the EU Commission to its staff containing “safety instructions”. The e-mail was apperently forwarded to EU staff due to visit Athens …
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March 2, 2013
Economy, Politics
PASOK leader Evangelos Venizelos dropped a bomb on Friday: “The country’s lenders offered a velvet exit from the euro in 2011,” Venizelos told 4,000 stunned party delegates during a speech at PASOK’s convention in Athens. Venizelos said that the Troika proposal came after a severe disagreement and that the price …
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February 21, 2013
Very Mix
The representatives of Greece’s lenders, that is the International Monetary Fund, the European Union and the European Central Bank, the so-called “Troika” come and go in Athens in regular intervals for the last three years. The word ‘Troika’ is in everybody’s lips like a junk candy. Greeks hear it some …
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January 23, 2013
Politics
Tens of EU officials are advised to walk around the streets of Athens wearing shabby clothes in order to avoid become a target of terrorists. The advice from Brussels was transmitted to Troika employees after the series of bomb attacks in the Greek capital. According to “Micropolitikos” column at daily Ta …
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January 14, 2013
Politics
While Greek MPs are voting in the Parliament a draft law containing a set of “prior actions”, two residents of Patras, Peloponnese, went to local police station demanding the arrest of those MPs who will vote in favor. According to the two men, supreme court ruling has declared “giving over national sovereignty” as …
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January 9, 2013
Economy, Politics, World
One can hardly believe such a thing. Greece in deep recession and inhuman austerity is number 2 in military spending among the NATO countries. This was revealed by NATO’s general secretary Anders Fogh Rasmussen. A very interesting report based on Rasmussen revelations is published by the New York Times. Military in …
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November 30, 2012
Economy, Politics
Greece’s masters, the Troika of EU/IMG/ECB, seeks to abolish the compulsory military service in order to reduce state expenditures. According to weekly magazine TO PONTIKI, this measure is being included in the Troika’s evaluation report of the Greek economy. According to the Troika, the proposal aims to reduce defense spending …
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November 19, 2012
Economy
Just hours before the crucial Eurogroup meeting tomorrow Tuesday, Greece’s lenders – the notorious Troika -sent a fax to the government posing a new demand: the dismissal of 20,000-22,000 civil servants until 2014. According to news portal in.gr, the government rejected the Troika demand, with finance ministry sources saying “we …
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November 13, 2012
Economy
Greeks will be called to pay one billion euro more on taxes with the new taxation system according to new taxation draft prepared by the Troika. Self-employed will pay taxes from the very first euro of revenues, while one million low-pensioners and employees will be exempted from tax (annual income …
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November 12, 2012
Economy, Editor, Politics
Greek Parliament adopted the inhuman austerity bill and the sharp-cuts budget 2013. Two main preconditions for the debt-ridden country to receive the 31-billion-euro bailout tranche. Just recently, Prime minister Antonis Samaras had claimed, that the state has money until November 16th 2012. However Greece’s lenders do not seem willing to …
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October 30, 2012
Politics
Coalition partner and leader of PASOK, Evangelos Venizelos was angered over PM’s Samaras statement that the negotiation with the Troika has been completed, considering the negotiation has to continue until short before the Eurogroup meeting. With PASOK’s reaction and Democratic Left insisting in not voting for the labour rights ‘reforms’, the …
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October 30, 2012
Economy, Politics
Greek Prime Minister Antonis Samaras issued a statement on Thusrday noon saying the negotiation with the Troika has been completed. Samaras announced that Greece has completed the austerity measures of 13.5 billion euro and the budget for 2013, two preconditions for the debt-ridden country to receive the loan tranche of …
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October 29, 2012
Economy
Athens Stock Exchange suffered a mini crach on Monday, plunged by -6.28%, the General Index fell below 820 units and the banking sector with losses of 15% as Greece’s lenders refused to make any concessions on labour rights ‘reforms’ and junior coalition government partner Democratic Left insists on not voting in favor of the …
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October 28, 2012
Economy
“Greece has completed 60% of the demanded reforms, it negotiates on another 20%, while another 20% is pending.” That’s the findings the Troika is writing on its Greek report, in an exclusive story of German weekly DER SPIEGEL. The representatives of Greece’s lenders write wonderful things like automatic increase of …
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October 24, 2012
Economy, Society
Samaras’ government is in dramatic negotiations with the Troika over the so-called “Labour Reforms” after two of the three coalition government partners rejected the Troika demands for a total overthrow of Labour Rights. A disagreement that threatens the cohesion among the government partners. According to latest information from state broadcaster NET TV, …
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October 16, 2012
Economy
Recapitalization of Greece’s banks will need to be completed by end of April 2013. According to TA NEA newspaper, Finance Minister Yiannis Stournaras and Deputy Finance Minister Christos Staikouras discussed with the Troika on Sunday evening the terms and the time-table for the recapitalization of the viable Greek banks. It …
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