Happens In Greece The economic crisis from another point of view

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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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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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“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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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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14Jun/12

Riots in the age of Tsipras!

Riots are a very common phenomenon in Greece of the economic crisis... but what will happen if Syriza party wins the upcoming elections?

Syriza plans include the taxation of the rich and the disarming of the riot police! See below some exclusive images of Greek riots against the government of Syriza! :)

High class society protests...

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.

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.
23Dec/11

The Ottawa Citizen – “Greeks have good reasons to protest”

The Canadian journalist Declan Hill visited Greece and experienced the demonstrations and the reality in Greece of the economic crisis. The reported then returned at his country and wanted to write about his experiences in Greece. Read below some of the most interesting parts of his article:

"Almost everything you thought you knew about the current situation in Greece is wrong"

Concerning the large demonstrations that occurred in Greece during last summer from the Greek Indignants,  he stated:

"There was a festive air: food sellers amid grandmothers, students singing and lots of street theatre performances. It was unlike any of the images that I had seen; there was no stone throwing, no tear-gas or water cannon attacks. I may have been lucky but there was a wide spectrum of ordinary people marching in the demonstration. The usual suspects were there, of course: the anarchists, the Communists and the general drop-a-hat-see-me-protest lot. But there was also a broad range of others: nurses, farmers, doctors, actors and teachers"

8Dec/11

New taxes with deductions from our salaries in 2012!

A further reduction of incomes awaits Greek citizens from January 1st 2012. The implementation of the increased deduction attributable to the reduction of tax exemption at 5,000 euros begins. I addition there will be the deduction of special contribution by employees and retirees with annual incomes above 12,000 euros and 31 - 12-2014.

The Ministry of Finance Mr. Kapeleris send today the circulars for the tax deduction and special contribution. The implementation of the new measures will lead to reductions in monthly incomes ( 30 euros for a private sector employee with a monthly salary of 1,000 euros)!

Do not forget of course, the special contribution for the current year which we will receive shortly and can be paid in six installments....

26Nov/11

Thousands of unemployed people will pay the special contribution of solidarity!

Another spectacular arrangement by the Greek Finance Ministry... 

Unemployed people with even only one working day in 2011 are required to pay the special contribution of solidarity and even with the increase of 1% per month!

As mentioned in "Eleftherotypia", thousands of unemployed who had applied for exemption from the special contribution of solidarity, will not considered as 'jobless' since the law does not recognize a person as unemployed if prior to their inclusion in the Employment Service, had even an one day income!!!

The relevant notes of  rejected applications for exemption will be received by the citizens soon...  with the surcharge from August.

22Nov/11

CEO of ALTER TV arrested for unpaid taxes of 1.2 million euro

Costas Giannikos, the chief executive of the  ALTER TV, was arrested for non-payment of VAT to the State.

The charges are related to 1.2 million euros of unpaid taxes for the time period of January to October 2011.

Costas Giannikos was taken to the 10th regular magistrate, but he asked for time extension in order to apologize tomorrow Wednesday.

21Nov/11

Horst Raichenmpach: “The keys of the country were in our hands since May 2011!”

Papandreou' s government has agreed to delegate executive powers to the Commissioner Horst Raichenmpach since May 2011!

Mr. Raichenmpach during his interview for the newspaper "ETHNOS" states clearly:

"The action plan is agreed since May 2011 by the Greek authorities"

On the other hand, the Greek government in July 2011 was supporting that this was a new term of the EU in order to release the fifth installment of the loan!

Raichenmpach' s statements follow the uncovering of a secret agreement between Mr. Papandreou and Dominique Strauss-Kahn in 2009, in order to put the country in the IMF just after he wins the elections!

19Nov/11

2012 Greece’s Budget!

Finance Minister Ev. Venizelos submitted Greece’s Budget for 2012 to the Parliament on Friday. The budget had been previously approved by the Cabinet.

Mr. Venizelos stated that "the new budget could under certain conditions to begin the reversal of the country's path to primary surplus".

The basic provisions of the new budget are:

The deficit is expected to reach 5.4% of GDP

The decrease in the amount of interest can reach 5 billion euros (cash basis) in 2012 and 13.6billion until 2014.

The budget revenues will increase by 4.56% to 59.184 billion euros (from 54.673 in 2011) and the expenditures will decrease to 72.557 from 77.632 billion in 2011

16Nov/11

GENOP – DEH unionists cut power supply to health ministry!

The Public Power Corporation’s Unionists (GENOP - DEH) cut the power supply of the health ministry building this morning in Athens, due to 3,800,000 euro in unpaid bills to the corporation.

The symbolic shut-down lasted 4 hours and was described as a move against a controversial property tax.

Greek Government uses electricity bills to impose an emergency property tax to homeowners. In addition, the public Power Corporation was ordered to cut off power to consumers that do not pay the tax.

GENOP president Nikos Fotopoulos stated that “The state owes to DEH over 141 million euro and nobody cuts off the power. It’s not fair that we are forced to cut off the electricity to those unable to pay the tax”

24Oct/11

Computer problem blocks tax incomes of 1,5bil€ !

An electronic "bug" declines income of 1,5 bil € by the finance ministry, although the cash supplies in Greece are almost out. In the mean time, the upcoming tranche of 8 billion € will not arrive earlier than mid-November.

Meetings take place today in the finance ministry to discover a quick way to solve the issue and mail out tax clearance statements of "special contribution" to more than 3 million taxpayers. The ministry expects to gather a minimum of 1bil euro until the end  of October (since the lowest amount is defined at 300 €).