Happens In Greece The economic crisis from another point of view

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“We Are All Greeks” – Protests of solidarity all around the world!

We Are All Greeks - Protests of solidarity all around the world!

Solidarity protests for Greece are organized in many European countries for this Saturday! People will protest against economic crisis and its effects on the Greek society. As noted in an online call to the international audience, the austerity measures that the ...

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The Shock Doctrine – Documentary (A Must See…)

The Shock Doctrine - Documentary (A Must See...)

An important documentary based on Naomi Klein’s 2007 book, The Shock Doctrine. A study of disaster capitalism, based on Naomi Klein’s proposition that neo-liberal capitalism feeds on disasters, war and terror in order to establish its dominance. Today Greek society seems ...

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TEENAGE RIOT: ATHENS – Documentary Video!

TEENAGE RIOT: ATHENS - Documentary Video!

An extremely interesting documentary from VICE network about the recent riots last month in Athens: On the eve of the biggest Greek strike since the right-wing junta was overthrown almost three decades ago, VICE travels to Athens to meet up with the people ...

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DEBTOCRACY – a documentary produced by the audience

DEBTOCRACY - a documentary produced by the audience

“Debtocracy” is a documentary that seeks the causes of the Greek crisis and proposes solutions, hidden by the government and the dominant media. Watch it below with English subtitles: [youtube 1_yTriIJa9I] Debtocracy website: http://www.debtocracy.gr/indexen.html

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“I, too, am Greek ! Solidarity with the Greek people !”

I, too, am Greek ! Solidarity with the Greek people !

Thousands of ordinary European citizens have joined their voices to the "Movement of Nantes." demanding double nationality! People all across Europe who want to express their support to Greece during this difficult period of crisis, started the "Movement of Nantes" and ...

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CATASTROIKA: Privatization goes public (Video – A must see…)

CATASTROIKA: Privatization goes public (Video - A must see...)

On April 26, 2012 at 20:00 let’s turn off the TV and turn to an alternative source of information. The creators of Debtocracy, a documentary viewed by millions of people around the world, present their new production, entitled CATASTROIKA. They analyze the ...

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17th November Celebration in Greece

17th November Celebration in Greece

Every year, on the 17th of November, Greeks but especially Greek students memorialize the students’ revolt against the colonels’ junta. Students prepare school celebrations, and a big march starts at the Athens Technical University and ends in the American Embassy, ...

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1Dec/12

Video of the Day!

Athens Tyrannosaurus!

 

8Jun/12

Video of the Day (A must see…)!

The Irish journalist Vincent Browne harangues the banker ECB's Klaus Masuch at the Troika Press Conference January 19th 2012!

Mr. Browne presses Klaus Masuch, head of the ECB's countries division, over the premises behind the ECB's approach to Ireland's fiscal issues.

Browne hits Masuch hard on the question of why the Irish people should be forced to protect unguaranteed bondholders...

Of course he never received a straight answer...

Watch the video below:

26May/12

Lagarde to Greeks: “It’s payback time… don’t expect sympathy!”

In her interview for "the Guardian" Christine Lagarde states clearly that the IMF has no intention of softening the terms of the austerity package.

The managing director of the IMF believes that the Greek parents have to take responsibility if their children are being affected by the austerity program.

"Parents have to pay their tax," she says.

25Feb/12

German Minister of Internal Affairs Advises Greece to Exit the Euro-Zone

For the first time a member of the German Government advises Greece to leave the euro zone. It's been highlighted that this should not be misinterpreted as an eviction.

German Minister of Internal Affairs Hans-Peter Friedrich (Christian Social Union), in light of the threat of bankruptcy, has advised Greece to exit the Eurozone.

Outside the monetary union, [...]

22Feb/12

Anonymous did it again! The website of the Greek Ministry of justice is down… (Video)

Only a few days after the arrest of 3 high-school students for the hacking of the Ministry's website Anonymous did it again!

The website of the Ministry is down again! The hackers uploaded a new message against the government and the IMF! In addition, the message says clearly that the 3 arrested students had nothing to do with the attack!!

The homepage of the website was completely defaced and the visitors were able to hear music while a big photo Athens' riot dog "Loukanikos" was placed in the center of the page!

Watch the video and read the message below:

21Feb/12

The real situation in Greece… (Video – A Must See…)

Maria Margaronis, the reporter of "The Guardian" talks in  "DemocracyNow!" about the Greek economic crisis and the actual situation in Greece of the Memorandum and the IMF...

Watch the video below with Greek subtitles:

19Feb/12

IMF is trying to bail out

Second thoughts about IMF's level of participation to the new austerity package.

IMF examines the option of contributing "only 13 billion €" to the new austerity help plan to Greece, reports the Wall Street Journal.

"IMF's level of participation has not yet been finalized" but the international financial institution is examining this option according to WSJ's sources.

IMF agreed in May 2010 to provide a loan of 30 million euros to Greece, contributing to a plan of 1100 billion euro.

Not only this was not enought for the greek economy to recover; now it's going through deep recession, which has actually increased public debt, notes the AFP.

According to WSJ, executives of the IMF express fears that IMF has been 'overly' exposed to the debt zone in the EU.

13Feb/12

Greek Parliament voted the new loan aggrement!

The Greek parliament voted positively on the memorandum and the new loan agreement.

199 MPs said "YES" to the Memorandum. 78 MPs voted "NO"

17 MPs of "PASOK" and 19 from "New Democracy" party voted "NO"

8Feb/12

More than 3 million Greeks at the edge of poverty!!!

Troika and Greek leaders are about to implement new austerity measures and wage cuts while EUROSTAT reports that 27,7% of the Greek population is on the edge of poverty!

According to the European Statistics authority 27,7% of the Greek population is living in poverty and social exclusion, while the highest poverty rates recorded in Romania and Bulgaria (41%), Latvia (38%), Lithuania (33%), Hungary (30%) and Poland (27.8%)!

More specifically, in Greece, 28.7% of children, 27.7% of the population aged 18 to 6 and 26.7% of people over 65 live into poverty.

These statistics refer to 2010 (in 2009 the same amount was 20%)  so imagine how dramatic will be the reports for 2011 with the wage cuts, the unemployment and the new taxes!

I wonder if there will be any statistics at all for 2012...

 

 

 

2Feb/12

Naomi’s Klein interview for the current situation in Greece! (Video)

Watch a very interesting part of Naomi's  Klein interview for the new documentary CATASTROIKA:

1Feb/12

IMF proposals for the Greek Economy aka How to drive Greeks into poverty!

IMF report for the Greek economy suggests doubling of VAT and tax on deposits, bonds and rents!

The proposals came after the Greek Government's request for technical assistance in view of the tax reforms, and the specialists of the IMF found out many interesting ways on blowing up everything that has left from our economy!

More specifically, as reported by protothema.gr the IMF suggests:

  • transfer of all goods and services from 6.5% to 13%. The IMF report proposes "abolition of the minimum rate of 6.5% which includes only hotels, medicines, books, magazines and theater tickets. This measure could generate about 360 million euros
  • imposition of single VAT rate 19% -21% on all goods and services (other than hotels and tour packages that may be subject to a reduced 9% or 11%). This represents an increase from 13% to 19% or 21% VAT burdening food, medicines, electricity, water and gas bills, public transport tickets, taxi fares, medical visits and examinations, medical care etc.
29Jan/12

IMF’s plans have even awakened the Santorini Volcano!

It seems that even the volcano of Santorini could not stay calm with the new IMF plans for the austerity measures!

During the last days, dozens of earthquakes have occurred in the sea area between Santorini and Crete!

Just in the last 34 hours more than 68 earthquakes have occured  with the two main earthequakes of 5.3 on the Richter scale that occured on Friday and Saturday morning.

The seismologists have expressed conflicting opinions for the two powerful earthquakes and whether they are linked to the latest seismic activity observed in Santorini. 

25Jan/12

Unionists protested outside Hilton hotel blocking the exit to the members of the Troika! (Video)

Members of Greek Communist Party gathered this morning outside the Hilton Hotel in which the Troika officials stay during their visit in Athens.

More than 500  unionists shouted slogans like  “Troika Go Home” and “Get Out of Greece” in order to protest against Troika’s interventions in the Greek private sector.

Troika wants the decrease of the minimum wage, the repealing of 13th and 14th salary and changes in the labor rights  in order to approve a second rescue package for Greece.

Troika representatives requested the intervention of a prosecutor in order to leave the hotel but the protest ended at 10 a.m. without any intervention from the police.

Watch the video below:

21Jan/12

George Papandreou on the Special Court?

According to information from  parapolitika.gr, a request for the prosecution against former Prime Minister George Papandreou and former Finance Minister Giorgos Papaconstantinou  was submitted to the prosecutor of the Supreme Court J. Tentes,  by the economic prosecutor Gregory Peponis. The prosecution has to do with false economic data that  brought our country to the IMF.

Specifically, the Public Prosecutor Gregory Peponis, sent the file for the case of the Greek Statistical Authority (ELSTAT) to the prosecutor of the Supreme Court, in order to be forwarded to Parliament for contingent liabilities of politicians (members of the ex- government).

Former members of the Board of ELSTA have testified that the 2009 deficit was purposely inflated!

Similar information were also revealed by the former vice president of the Authority Nikos Logothetis, who is now prosecuted for violation of personal data, after a complaint report of the President of ELSTAT Andrea Georgiou, for theft of official data form emails.

Former PM Papandreou name has been also involved in revelations of strange economic games by independent MP Panos Kammenos:

27Dec/11

Pedro Brieger: “Greece is facing the same crisis with Argentina”

The Argentine writer Pedro Brieger gave an interview on a Greek newspaper about his experiences during a recent visit in Greece of the economic crisis.

The images he saw at the center of Athens reminded him the Argentina of 2001. The writer noted that he sees many similarities on the measures imposed by the International Monetary Fund at Greece with the ones imposed in Argentina.

"I noticed that the political class in Greece behaves in a manner similar to that of Argentina.  The middle class in Greece has received a big hit just like in Argentina on 2001"

17Dec/11

173,522 less Civil Servants until 2015!

The Greek government and Troika are planning thousands reservists of public utilities and organizations until 2015, along with mass retirements and additional dismissals.

According to the plans, civil servants must be decreased by 22.4% from 775,994 to 602.472 people during the period 2010-2015!

IMF Poul Thomsen asked Greece to act with aggression in order to close unneeded state organizations and also keep on with non-voluntary dismissals, stating the content of the latest negotiations among the Greek government and the international lenders.

IMF demands  that the public employment in Greece will be one of the lowest in the EU by 2015.

11Dec/11

Papandreou attacks against the world financial system and Goldman Sachs! (Video)

George Papandreou attacks on the global financial system and especially at Goldman Sachs, raising questions about the timing and content of his statements:

"Goldman Sachs, have played a crucial role in the financial crisis around the world. We are still in the process of investigating the role of Goldman Sachs. In Greece, there has been a parliamentary committee set up, and we will have the results hopefully soon."

9Dec/11

The EU Summit decisions

The EU Summit decisions are presented below as reported by capital.gr:

The new European Agreement will comprise of Eurozone’s 17 member states and six more nations however not all of 27 EU countries, according to the President of European Council Herman Van Rompuy.

Van Rompuy and Christine Lagarde stated that the countries will give supplemental funds of €200 billion to the IMF.

In addition, the President of European Council said that the EU member states will present their draft budgets to the European Commission. He also admitted that the intergovernmental agreement encounters obstacles, but a extensive agreement could not be achieved at this time.