The General Manager of the Institute of Economic and Industrial Research Yiannis Stournaras stresses that such a drastic reduction in the value of Greek government bonds would hit local banks the hardest.
According to some sources, the Greek Prime Minister will offer Antonis Samaras a scenario for mutual government, although he has previously rejected this option.
Despite the strong participation, a significant part of Greek journalists oppose the media strikes that aim to "save" their colleagues working in the public media. They will continue their protest actions in the coming days.
After a year and a half of sufferings, the country has come to the brink and GRReporter asked its readers the key question, "What will happen to Greece by the end of 2011?"
Greece is starting to live in the rhythm of the most critical week in the last two years. On Friday, European leaders will decide the fate of the Greek debt and the government wants to pass one of its most stringent laws.
Like many other economic sectors, the restaurant business has been severely hit by the increased tax burden and threefold higher VAT. Strikes and All Inclusive services also knock a nail in the coffin of restaurants.
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