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April 28th, 2010

Protests carrying the spirit of revolution

28 April 2010 / 09:04:17  
"IMF - out!" was the main slogan of the protest on Tuesday night in downtown Athens. Frown, moody, angry crowds of unhappy people roamed around the sidewalks with propaganda leaflets and protest banners in their hands. "All together in the fight against the corrupt system – let us stop the anti-social measures of the European Union and the IMF", "Imperialists – out!", were part of the slogans chanted by the protesters.


Standard & Poor's: Investments in Greece are junk, speculative and high risk

28 April 2010 / 08:04:04  
Finance Minister George Papakonstantinu playing the role of Nietzsche: Greece will emerge stronger from the crisis but still markets did not believe him; the index of the Athens Stock Exchange collapsed under 1700.00 points, spread-index exceeds 700 points.


April 27th

Cuts of half of the state enterprises

27 April 2010 / 12:04:27  
To gather state finances and reduce outlay, PM of Greece George Papandreou has decided to proceed with mergers and closures of hundreds of organizations in the public sector. The first decisions was taken yesterday for merger or closure of 102 organizations.


You know I like you but do not believe me...

27 April 2010 / 11:04:25  
In recent months, radio stations, clubs, iΡod-s, even at 50-year-ols parties – you can hear the hit song "You know I like you, but do not believe me", which even before releasing a video gathered a record of 500,000 visits in YouΤube.


Gloomy outlook for summer 2010 tourist season

27 April 2010 / 11:04:33  
Expected are at least 10% reduction of tourists from Germany and 7% from the UK. The economic crisis and poor image of the country in put Greece in the background of preferences of western Europe tourists this year.


Greek "Madoff" springing up like mushrooms

27 April 2010 / 08:04:37  
Greek authorities consider the case of the next financial pyramid, which this time has sucked from unsuspecting investors €3.15 million. In less than two months this is the second case, which disclosed a financial fraud on the American model Bernard Madoff.


April 26th

Strike of ferry workers paralyzes Piraeus for a day

26 April 2010 / 16:04:23  
24-hour working strike was organized as a sign of protest against the entry of foreign ferry companies in Greek shipping. Over 20 ferries from the port of Piraeus will not meet the planned courses to Crete, the Cycladic and Dodecanese Islands in southeastern Greece.