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 ...
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
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, ...
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 ...
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 ...
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 ...
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 ...Unemployment reached 22%!
Greece's unemployment rate shot up to 21.9% in March, rising sharply from the 15.7% rate in the same month last year!!
Nearly 1.1 million Greeks are unemployed, more that 1,000 people lose their jobs every day! Young people are most affected by the job losses, with more than half — 52.8 percent — of those in the 15-24 age group out of work in March, compared to 42 percent in the same month last year.
The number of employed in March 2012 was estimated at 3,843,905 people. Unemployed amounted to 1,075,081, while the economically active population stood at 3,372,144...
The number of employed people decreased by 342,134 compared to March 2011 (-8.2%) and by 24,996 compared to February 2012 (-0.6%).
Greek Political parties receive extra funds for the upcoming elections!
A new amendment process, which ensures the smooth financing of the political parties for the upcoming elections (protecting even those owed to banks) was proposed last night in the parliament.
According to the amendment (proposed by the Ministries of Interior and Finance), the amounts of party funding (for the last installment of 2011 and the first and second of 2012) are instantly released through the bill of "Arrangements for local development, decentralized government and administration"! In addition, the money provided through state funding can not be seized by creditors!
The funding was stopped during the last period due to outstanding obligations to the banks! PASOK and New Democracy owe around 240 million euros to the banks but that seems not to be a problem when you have the ability to make new laws...
Merkel and Sarkozy demand an account so that bailout money will go directly to serve the debt!!
Germany and France want to force more tightly controls on Greece's financial resources on top of that they Merkel and Sarkozy warned political leaders in Greece to immediately concur with new austerity measures in order not to witness their country go bankrupt!!
In addition, only a few days after the German suggestions to set up a finance commissioner in Greece, Sarkozy and Merkel demanded Athens to set up a separate account from which bondholders will be paid directly and will ensure that billions of euros in bailout money go directly to servicing debt, and not other government spending priorities!
"I support the idea that the necessary interest payment for the debt service is put on an extra account to make sure that Greece will steadliy make this money available," Merkel said.
“Area 12″ Transforms Cyprus to Energy Superpower! What about Greece?
Cyprus
The value of the gas deposits on the area 12 of the Cyprus EEZ, can exceed $ 500 billion, according to Dr.Michael Economides, professor at the Cullen College of Engineering of the American University of Houston.
As reported in the newspaper 'Citizen', if that money enter the Cypriot economy, then the incomes of the Cypriots will double and later quadrupled!
In addition, Mr. Economides states that the "area 12" contains oil, which according to estimates, reaches 3.7 billion. barrels!
According to the professor "the value of that oil is much higher that the gas! I am very surprised that nobody mentions it."
The role and the future of Greece
The important discovery of large hydrocarbon deposits on the bottom of the Cyprus EEZ sets major economic and geopolitical challenges for Greece. The large reserves of natural gas discovered in the Cypriot and Israeli EEZ, reveal that the whole arc from Cyprus to the south of Crete is very likely to contain rich hydrocarbon resources.
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