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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Greece’s Supreme Court: Wages Cuts for Judges & Prosecutors Against Constitution
While the Greek Parliament claims the austerity measures are compatible with the Constitution, the country’s Supreme Administrative Court decided they were ‘unconstitutional’ – at least some of them. The pleanary of Supreme Court (Areios Pagos) unanimously ruled that the new cuts in judges’ and prosecutors’ wages were against the Greek Constitution. Under …
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Athens Boils: Riot Police Threatens Protesting Policemen with Tear Gas (video, picts)
Rare scenes in Greece: Protesting policemen were confronted by riot policemen, with the latter threatening the first, that they would fire tear gas. These unprecedented scenes occurred on Thursday morning outside the police academy in Goudi suburb of Athens. Protesting policemen had gathered outside the police academy in order to prohibit police squads …
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Greek Madhouse: State-Run Entreprises “Forgot” to Cut wages, Government “Forgot” to Control
The managements of Greek state-run enterprises seem to be very forgetful. So forgetful, that they “forgot” to implement government decisions concerning wages cuts for thousands of employees at state-run enterprises (DEKO) and other state bodies and organizations. Even worst: the government forgot to control if laws and decisions are been …
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Non-Stop Austerity Measures: Greek Gov’t Takes Advantage of Voters “Gold Fish Memory”
The majority of Greeks felt an icy-cold electro-current coming down their spinal cord, when they heard new Greek Finance Minister Yiannis Stournaras speaking of the necessity that the state collects 3.5 billion euro in revenues and thus as soon as possible. Greeks – and many other voters’ masses around the world – tend to …
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BoG: Greek Bank Employees to Work More for Less Salary
The first employees’ fortress fell on the altar of Memorandum of Understanding II. Once powerful banking sector union had to bow to the dictates of the times. Employees at the Bank of Greece ‘broke’ the collective bargain and agreed to 17% wages and allowances cuts and increase of the working hours. Bank employees …
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Athens: Health Workers Protest with a …Coffin (video)
Several hundreds of public hospital personnel demonstrated on Thursday morning outside the Greek health Ministry in downtown Athens. Some of the angry protesters were holding a coffin… other chanted “No to salaries of 2, 5, 10 and 20 euro!” Despite the rain and the freezing cold, the demonstrators followed the call of …
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No Wonder Greeks Protest and Launch Strikes…
Quite a number of foreigners -including media and some EU officials – seem to be unable to understand why Greeks lay down their work, go to the streets and protest. Caught in a series of never ending austerity measures that do not give them space to breath, trapped in a bureaucratic state …
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FinMin Surpsises State Employees With 25-35% Wages Cuts. But…
Greek Finance Ministry surprised employees at state-run enterprises with wages cuts of 25% to 35%, retrospective as of November 1st, 2011. The announced came with a circular issued on Thursday morning and affects thousands of employees at enterprises like power company DEH, water company, the post, Piraeus port and many other …
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Impressive Protest by Greek Police Against Austerity (video)
A group of 50 border guards and special guards of the Greek Police (ELAS) climbed to Lycabettus Hill in downtonw Athens at 5:30 Monday morning and hung a huge banner to protest their wages cuts. The banner, 25 meter long and 5 meter wide, reads: “ELAS mourns: Pay Day – Mourning Day”. …
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IMF/EU/ECB to nail and tie Greece on fiscal discipline and measures
Greece’s lenders Troika is here to stay. It looks as if the representatives of International Monetary Fund, European Union and European Central Bank won’t leave Athens until they have tied down with nails and ropes Greece’s government officials on further economic measures and revenues increases. According to economic portal Capital.gr the Troika guys …
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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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