By Michael Steininger, Christian Science Monitor | 08:54 am
Greece’s European partners are increasingly skeptical that Athens can avoid default.The highly indebted country is working feverishly to secure a debt write-off to avoid default, but international investors see even that as a default of sorts.
With only weeks to go before a crucial bond repayment date, statements from European leaders reveal a growing mistrust in the Greek political class’s ability and willingness to implement deficit cutting measures.Without those measures, Greece will not receive a necessary second bailout from international lenders, and without the bailout, it will likely Συνέχεια
THE FIGURES disclosed by the Hellenic Statistical Authority last month show the complete failure of the International Monetary Fund (IMF) prescription for Greece, resulting in a rapid increase in inflation, but also a reduction in the revenues.
So, annual inflation in July rose to 5.5 percent from 5.2 percent in June 2010 and 0.6 percent in July 2009, now returning to 1997 levels! In addition, state revenues in July decreased by 10 percent overall and Value-Added Tax (VAT) returns by 5 percent, despite the fact that all indirect taxes have increased.
It has now become evident to the government and the IMF Συνέχεια
European democracy is dead. It was executed in plain daylight on June 29, by a lone hitman thought to be in service of the European financial mafia. Συνέχεια
The BBC’s Jon Sopel describes the battle between the police and rioters as one of «cat and mouse»
The Greek parliament has voted in favour of a drastic package of austerity measures intended to save the country from defaulting on its debts.
The proposed tax hikes and spending cuts have been deeply unpopular with the Greek public.
A nationwide 48-hour strike is under way and violent clashes are continuing in the streets of the capital, Athens.
Greece is heavily in debt and the package is needed to win the latest tranche of a 110bn-euro (£98bn) loan.
MPs passed the measures by 155 votes to 138.
My site was down this morning. Problem solved in 5 minutes. For me that was the big “UP” or better say, the big “DOWN” today…. The new Pan-European appointment for Indignant Europeans is on the agenda, this Sunday. All eyes are directed to Greece and the huge protest expected to take place in Athens at 7.30 p.m. Protests will be held in the squares of many Greek cities too.
I’m considering again a Live Streaming and Live Blogging. Organizers aim to get a huge crowd again today, even though tomorrow Monday is a holiday for the public sector and banks – only the unlucky in shops will have to work tomorrow. I guess, quite some Athenians took a long weekend outside the city.
Posted by keeptalkinggreece in Economy
Greece Finance Minister George Papaconstantinou announced in a press conference on Friday the additional austerity measures that will drive to despair millions of Greeks. Fast Track austerity or Fast Track poverty. Read some of the measures that will hit the pockets of the average Greek or even Foreigner who pays taxes in Greece. Weird enough the Mid-Term Stability Programme contains not one single measure to boost development and growth, not a single word as to how the jobless live.
By Harry Papachristou and Renee Maltezou
ATHENS | Mon May 30, 2011 7:55am EDT
(Reuters) – Greece’s conservative opposition demanded tax cuts on Monday as the price for a consensus deal with the Socialist government on imposing yet more austerity, a major condition for getting further aid from the EU and IMF.
Conservative leader Antonis Samaras called for a flat 15 percent corporate tax and rejected government plans for hiking taxes to tackle Greece’s budget deficit and please fiscal inspectors mulling the next, key tranche of a 110 billion euro bailout. Συνέχεια
BBC NEWS :Greece general strike.
GREEK FINANCIAL CRISIS
Police in Athens have fired tear gas to disperse demonstrators hurling petrol bombs and stones as a 24-hour general strike grips Greece.
The violence erupted during a rally by more than 30,000 angry workers near the Greek parliament. They object to the government’s far-reaching budget cuts.
The strike paralysed public transport. More than 100 flights were cancelled.
Many schools are closed and hospitals have reduced services. Small businesses have joined in, closing many shops.
It is Greece’s first major labour protest this year, as the government sticks to austerity cuts demanded under the terms of the country’s international bail-out.
The Socialist government of Prime Minister George Papandreou is cutting spending and raising taxes to reduce its debt mountain.
In May last year Greece secured a 110bn-euro (£93bn; $150bn) bail-out from the European Union and International Monetary Fund.
A series of general strikes took place last year as the government embarked on an economic austerity programme that will last several years.
The deputy leader of Greece’s big GSEE union, Stathis Anestis, said the government measures were «harsh and unfair».
«We are facing long-term austerity, with high unemployment and destabilising our social structure,» he told the Associated Press news agency.
«What is increasing is the level of anger and desperation… If these harsh policies continue, so will we.»
This year the government is making a special effort to crack down on widespread tax evasion – one of the major reasons for its revenue shortfall.
The government says it expects the economy to shrink by up to 3% this year.
Liar, Liar, Pants on Fire
It has been a long time since you last felt my putrid cold breath near you, my sweets. I’ve had much work lately, nipping life in the bud, reaping without sowing. I had promised you something last time, a morsel of the puzzle that would lead sensible Greeks to where sanity leaves and madness begins. I had promised to tell you of the blatant mockery politicians hurled at their citizens, weaving them in a game they had started, they had played and won all by themselves. The lies came out and those who had a mind left over from the brainwashing and debilitating power exerted by the media in the country, saw the bleak reality of a country ravaged by something far worse than any war — betrayal.
It all started with the nationwide elections of 2009. Greece has 2 major political parties that have vied for the throne since the junta was overthrown in the early 70’s: the moderate right-wing New Democracy and the moderate left-wing PASOK. The Communist party (KKE), leftist coalition party (SYRIZA) and right-wing nationalist party (LAOS) add a few more minor players on a scene so stagnant that mosquitoes can’t even breed in. As usual, candidates appeared on all major networks and said their regurgitated hogwash about how they’ll help everything and everyone, from wholesellers to truck drivers, farmers to small shop owners, lowly unskilled laborers to teachers, young unwed mothers to proud pensioners. As usual, candidates maintained they’d crush foreign-owned monopolies, inflation, illegal immigration, crime and would protect national sovereignty, commercial interests, a failing tourist industry and the list went on. As usual, no one mentioned the rich, the mogul industrialists, the money-launderers, who in the end came out winners, as they do everywhere elections are held. Above all, everyone stressed (and you can visually read my lips on this one) NO MORE TAXES. You mortals know what happens when you hear that.
The intrigue begins. Greece, as mentioned in the previous leg of our story, developed a hilariously democratic electoral system whereby jobs were allotted to walking Συνέχεια . As years passed, this ever-growing group of walking ballots leeched more money from the national treasury and went on strike whenever their demands for a pay rise were not met. The country’s finances were ill-used. Politicians, contractors and anyone who could dip their fingers in the honey pot, dipped not only their fingers but dove in unabashedly, disregarding the long-term impact this would have on the country as a whole. It was only a matter of time before the bubble burst. The question is why it burst and who burst it.
Πολ Τόμσεν:To αυτιστικό της Μάργκαρετ σας εξαπάτησε!
Γράφει ο Γιώργος Δελαστίκ
Ο ίδιος ο εκπρόσωπος του ΔΝΤ Πολ Τόμσεν επιβεβαίωσε, μιλώντας σε θεσμικούς επενδυτές στο Λονδίνο, την υποψία που είχε ο ελληνικός λαός – ότι δηλαδή η Κομισιόν, η κυβέρνηση Παπανδρέου και το ΔΝΤ εξαπάτησαν με το περιβόητο Μνημόνιο τους Ελληνες προτάσσοντας ως πρόσχημα τρομοκράτησης του πληθυσμού το δημόσιο χρέος και το έλλειμμα του προϋπολογισμού προκειμένου να πετύχουν άλλους στόχους… Συνέχεια
Νέα γεώτρηση στον Πρίνο αυξάνει κατακόρυφα την παραγωγή
Στα εγκαίνια της νέας γεώτρησης στο κοίτασμα του Πρίνου, χάρη στην οποία αναμένεται να αυξηθεί κατακόρυφα η παραγωγή πετρελαίου στην περιοχή, παρευρέθηκε ο υφυπουργός Περιβάλλοντος Ενέργειας και Κλιματικής Αλλαγής, Γιάννης Μανιάτης, ο οποίος επεσήμανε ότι σύντομα θα τεθεί σε δημόσια διαβούλευση το νομοσχέδιο για τη σύσταση εθνικού φορέα έρευνας και αξιοποίησης υδρογονανθράκων, προκειμένου, όπως είπε, να υπάρξουν και στην Ελλάδα επενδύσεις για έρευνα όπως γίνεται σε όλες τις γειτονικές χώρες. Συνέχεια