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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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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“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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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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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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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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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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7Jun/12

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%).

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...

 

 

 

31Jan/12

The unemployment reached 19,2% !

The unemployment rate in Greece reached 19.2 percent at the end of last year, according to the research of the European Statistical Office (Eurostat), which were released Tuesday.

Greece was the second EU country with the highest unemployment rate, after Spain (22.7%).

In comparison with October 2011 unemployment in Greece was  increased by 5.3% within a 12 month period!!

For the same month, Greece had the second highest unemployment rate in the EU for young people under 25 (47.2% when Spain reached 48.3%).

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.

5Dec/11

New surveys reveal the tragic situation for Greek companies!

55,000 Greek businesses are going to close down in 2012 according to forecasts by the National Confederation of Greek Commerce.

The president of ESEE Vassilis Korkidis during the presentation the annual exhibition on Greek commerce in 2011, highlighted the dramatic conditions in the Greek market.

The studies indicated that during the last 2 years 60,000 businesses had to close down due to the crisis. Mr. Korkidis, described  the situation in the Greek market as critical and referred to the totally ineffective absorption of EU funds which could help the Greek businesses.

4Dec/11

Young people in Greece are highly pessimistic and frustrated by the politicians!

According to a new survey from "Vima"  newspaper, young people in Greece are full of fear and concern about the situation in their country.

Most of them said that they trust only themselves (62.7%)! The political parties rate seem to inspire only 0.6% of them!

66% of respondents stated that they are willing to leave the country for a job opportunity abroad.

When asked what word best expresses the psychology of this period, only 1.1% of respondents answered the "happiness". Moreover, the word "hope"  was the answer of 8.3%.

In contrast, "anxiety" dominates with a 35.7% followed by "pessimism / fear" (28%) and "anger" (17.9%)!

2Dec/11

Greek Government will promote changes in Hazardous Occupations!

The Greek government plans to extent the reducing of salaries above €1,000/month starting from the new list of hazardous occupations,according to information from Capital.gr.

The Employment Ministry is prepared to deal with strong reactions of business organizations and chambers in regards to the new list of hazardous occupations, which is likely to comply with party and business interests insted of scientific studies.

At the same time, there is a plan to reduce wages over €1,000/month in order to accomplish structural changes in payroll.

The key argument is that the high labour costs will decrease competitiveness and affect exporting, the only way that Greece can get out of economic recession.

28Nov/11

More than 15,000 civil employees removed from the public sector!

Early retirement for public servants through the way of the pre-pension for more that 15000 employees!

About 4,000 state sector employees who have reached full retirement age are set to retire immediately.

The rest of them are forced to enter a pre-pension status. There are also some employees who voluntarily leave their posts.

Such type of measures are put into practice for the first time in recent history, and it is very likely that the State will be soon asked to address labour shortages.

The financial Ministry aims to reduce public expenses by 30%.

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.

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

11Nov/11

Almost 1 million Greeks without a job!

More than 900K Greeks are jobless. Unemployment rate increased tremendously in August according to data released a few days ago, by the Hellenic Statistical Authority.

Greece's jobless rate hit a record high of 18.4 % in August (from 16.5 % in July). In 2010 the unemployment rate was 12.2 %.

In August, the joblessness rate among young people, aged between 15 and 24, was 43.5 % (with 30.8% in 2010)!

The economically active population is now 4.034.537 people,  while the number of economically non-active is 4.403.503 people!