Greek journalist Kostas Vaxevanis was arrested for revealing the list of Greeks with large deposits in Swiss banks! The list was originally sent to the Greek government by the current head of the International Monetary Fund, Christine Lagarde.
Mr. Vaxevanis (the editor of the magazine Hot Doc which revealed the list) announced on his twitter account this morning that he was arrested, and that he will appear on court on Monday morning in order to set the date of his trial, on charges of violating laws relating to the privacy of personal data.
Greek police issued a statement that any public gatherings and marches would be banned that time in a large area around the city center. (Follow the link to see the map below)
A Piece of Greece - A beautiful video with images from Greece....
Greece fulfills its commitments for cuts on flexible spendings
TROIKA isn't going to renegotiate Memorandum before its implementation!
Do YOU play packman?
Greece Debt Free is nonprofit, non-political and non-governmental organization that uses donations to buy Greek government bonds in international markets at prices much lower than the amount owed by the Greek government. Greece Debt Free aims to reduce the debt, helping to wipe clean the nation's slate.
As GDF's website states:
GDF is fully transparent and operates under the laws of the State of Delaware. It is subject to U.S. Charitable Foundation laws, which exclude it from political influence. It has no employees, is run by volunteers and concerned patriots, and its operating expenses are negligible.
The Greek national debt affects all of us in different ways. Understanding that Greek national debt is being bought and sold by financial speculators at prices lower that what we owe is important.
Together with Pasok party and the Democratic Left, a small party that won only 16 percent of the vote, Mr. Samaras forms a New Government.
Mr. Samaras had supported the bailout. After the May elections, in which New Democracy and Pasok suffered a drubbing while Syriza made big gains, Mr. Samaras has said he will seek to soften the deal’s terms; but soon, Mr. Samaras will be forced to make massive spending cuts to carry out the country’s “obligations” according to the Memorandum…
Syriza party stated it will fight if the new government does not repudiate the most onerous terms of Greece’s loan deals.
Meanwhile, the departmental finance minister George Zanias will represent Greece at the meeting of Eurogroup on Thursday, and Ecofin on Friday. Mr. Zanias will ask the Finance Ministers of the Euro zone for a time extension of two years to reduce the deficit (until 2016).
Prime Minister Antonis Samaras
Ministry of Interior
Minister: Euripides Stylianidis
Undersecretary: Charalambos Athanassiou (former president of the Judges Association)
1. NEW DEMOCRACY: 30.11% - 130 seats
2. SYRIZA: 26.49% - 70 seats
3. PASOK: 12.60% 34 seats
4. INDEPENDENT GREEKS 7.43% 20 seats
5. GOLDEN DAWN 6.93% 18 seats
6. DEMOCRATIC LEFT 6.05% 16 seats
7. KKE 4.52% 12 seats
None of the other parties is near the 3% threshold. Minor changes (+/- 0.5%) might occur at the final results.
Antonis Samaras made a statement from Zappeion:
The first exit polls show that New Democracy party will get between 30.5 per cent and 27 per cent,the left-wing Radical Left Coalition of Syriza between 30 per cent and 27 per cent and PASOK between 12 per cent and 10 per cent:
1. NEA DIMOCRATIA: 27.5% – 30.5%
2. SYRIZA: 27% – 30%
3. PASOK: 10% -12%
4. INDEPENDENT GREEKS 6% – 7.5%
5. CHRYSI AVGI 6% – 7%
6. DEMOCRATIC LEFT 5.5% -6.5%
7. KKE 5% -6%
In another exit-poll by "Public Issue" for SKAI TV, Syriza seems to be the winning party with 25-31%:
People of Greece voted for the second time in six weeks in the elections that determine the fate of the crisis-hit country and maybe the future of the euro currency!
First exit polls will be published just after 7 p.m (Athens) when voting ends. The first official estimation will be released around 9:30 p.m.
The Greek team managed to defend well against Russia and score the only goal of the match just before halftime!
At the second part of the match Greece came close to a 2nd goal as Giorgos Tzavellas curled a free-kick over the wall and the ball stopped on the angle of post and crossbar.
Greece passed on the next round where it will probably meet... Germany!
The man, as reported by cretalive.gr, ended his life with a shotgun. The cause of his action is still unknown.
At the same time, in Sepolia -Athens, a 35 year old jobless taxi driver jumped to a tragic and immediate death from the balcony of the 4th floor, where he lived with his parents.
According to information the man was unemployed in the last two years and faced serious economic problems.
This is the reality in the European Greece of the memorandum! A country (which used to have very low suicide rates until recently) plagued by rash of suicides...
According to information on protothema.gr, around 5:30 am on Tuesday a 75 years old male shot himself with his hunting rifle outside his residence on the junction of Himarras and Eleftherotrias Str. in Kifissia - Athens.
Neighbors woke up from the sound of the gunshot and found the man rushed on the street. The desperate man was a retired engineer, well known in the Kifissia area.
The engineer Sotiris N. (father of 2 children) left a note attributing his suicide to his debts, while he allegedly expresses his despair in the event of tax increases on bank deposits.
Martin Stuart Feldstein (George F. Baker Professor of Economics at Harvard and also president emeritus of the National Bureau of Economic Research (NBER) ) talked about the prospects of a Greek euro exit in an interview at Bloomberg.
He expressed the opinion that there is no specific formula that the countries can follow in order to solve their economic problems. Each country is different... and in the case of Greece and there is no solution but to exit the euro zone since the country's economy is in terrible situation that can not be fixed...
“Well, I think it would create chaos, it would create problems” says Mr. Feldstein and he adds,
“It would be better for Greece to be able to adopt a new currency, a drachma, allow the currency to fall as currencies did in East Asia and in Latin America; that would give a significant boost to growth in Greece as Greeks shift their spending to domestically produce goods and services.”
Watch the video below:
Spain is doing everything right, but it’s being contaminated by Greece, according to Wolfgang Schaeuble
Spain has openly acknowledged problems with the refinancing of the financial markets and fueled speculation about further escalation of the crisis. “The markets are in fact no longer accessible in the current interest rates for Spain”, Cristobal Montoro, Minister of Finance said at the radio station Onda Cero. That admission put pressure on the € and caused further losses in equity markets.
The Greek Society and its institutions are going through very difficult times, emanating from several years of severe economic crisis. The gross national product of Greece decreased by almost 7% last year alone, and the unemployment rate exceeded 20%….
In his article in "Financial Times Deutschland", the famous economist Nouriel Roubini, who had predicted the global recession of 2008 in 2006, says that either this year or the next, Greece will be forced to go bankrupt and leave the eurozone. This will happen even if a government will finally be formed after the elections of June.
Mr. Roubini says that Greece has fallen into a vicious cycle of bankruptcy, lack of competitiveness and continuous recession.