(Reuters) -
More than two-thirds of Greeks say their government is failing to fight tax
evasion, a poll showed on Saturday, a major focus of popular discontent along
with austerity measures imposed to unlock bailout aid.
"Ό,τι η ψυχή επιθυμεί, αυτό και πιστεύει." Δημοσθένης (Whatever the soul wishes, thats what it believes, Demosthenes)
Sunday, December 30, 2012
Most Greeks say government crackdown on tax evaders failing: poll
Saturday, December 29, 2012
Treasury 10-Year Yields Head for Record Low on Demand for Haven
By Daniel
Kruger - Dec 29, 2012 7:00 AM GMT+0200
Bloomberg
Treasury
10-year note yields were poised for the lowest annual average since at least
World War II as investors spent 2012 seeking haven from Europe’s debt crisis,
tepid global growth and a U.S.
budget showdown.
Friday, December 28, 2012
Greek tax cheats list altered to hide names -court sources
Fri Dec 28,
2012 11:39am EST
* Relatives
of ex-minister were removed from accused tax dodgers list -officials
* Former
finance minister denies tampering with list
* PASOK
party expels him over "Lagarde List" affair
By Harry
Papachristou
How Europe's Currency Survived 2012 Intact
The Wall Street Journal
http://online.wsj.com/article/SB10001424127887323300404578205580657203900.html
http://online.wsj.com/article/SB10001424127887323300404578205580657203900.html
Leaders Muddled
Through, but Bought Time for the Euro Area, Which Enters 2013 With All 17
Members Along for the Ride
With three
days left of the old year, there's still time for even this prediction to go
awry. But let's stick our necks out: Contrary to some expectations, the euro
zone will end the year as it entered it—with 17 members.
Education falls victim to Greek debt crisis
Deutsche Welle
http://www.dw.de/education-falls-victim-to-greek-debt-crisis/a-16481846
As part of Greece 's
austerity policies, salaries for teachers and educational funding have dropped
rapidly. Students who can afford private tutoring may come to depend more
heavily on tutors than teachers.
Greek Bank Capital Needs at EU27.5 Billion, Bank of Greece Says
Bloomberg
By Marcus
Bensasson & Christos Ziotis - Dec 27, 2012 7:34 PM GMT+0200
Thursday, December 27, 2012
Greek prosecutors send Swiss account list to parliament
(Reuters) -
Greek prosecutors sent a list of possible tax cheats to parliament, court
sources said, in a case that has highlighted Athens ' failure to crack down on the tax
evasion that has contributed to the country's financial crisis.
Labels:
Austerity measures,
Corruption,
Greek Oligarchs,
Politics,
Tax Evasion
German economy to grow "decently" in 2013 - Finance Minister
(Reuters) - Germany 's economy will expand at a
decent rate next year, underpinned by exports to countries outside the euro
zone, Finance Minister Wolfgang Schaeuble said.
Wednesday, December 26, 2012
Bleak Christmas in Greece
deutsche welle
Cheerful decorations, good food and gifts for the children are part of the traditional Greek Christmas. But as the country's financial crisis continues to wreak havoc, the country is in for a scaled-back holiday in 2012.
Cheerful decorations, good food and gifts for the children are part of the traditional Greek Christmas. But as the country's financial crisis continues to wreak havoc, the country is in for a scaled-back holiday in 2012.
Monday, December 24, 2012
Greece Urged to Get Tough on Tax
The Wall Street Journal
By STELIOS
BOURAS And PHILIP PANGALOS
Labels:
Austerity measures,
Greek Crisis,
Greek Oligarchs,
Politics
Sunday, December 23, 2012
Greeks flock to informal work as recession deepens
By Renee
Maltezou
(Reuters) -
Greek dietician Reggina knew she had little choice when her boss told her she
could keep her job at a health center only if she agreed to getting part of her
salary off the books.
Saturday, December 22, 2012
Greece's Top Banks Need $36 Billion Boost
By STELIOS
BOURAS and NEKTARIA STAMOULI
The Wall Street Journal
Thursday, December 20, 2012
Greece facing critical year, says finance minister: FT
(Reuters) -
Greece
is facing a critical year that hinges on its three-party ruling coalition
sticking together and following the bailout program agreed with the European
Union and the International Monetary Fund, Finance Minister Yannis Stournaras
said in the Financial Times on Thursday.
Tuesday, December 18, 2012
Struggles Mount for Greeks as Economy Faces Winter
By MARCUS WALKER and
MARIANNA KAKAOUNAKI
The Wall Street Journal
...Ms. Katri had a
Dickensian image of the former orphanage, she says, as "a place
where children are punished." However, she says the foundation
has been good to her son,...
...The slumping economy
and the retreat of the welfare state under austerity has caused a
wave of requests to take children into care...
...Since 2011, more
than 700 families have asked the Greek branch of international
charity SOS Children's Villages to take in a child for economic
reasons...
Monday, December 17, 2012
Special Report: Greece's triangle of power
A nexus of
media, business and politics lies behind the country's crisis, say critics.
By Stephen
Grey and Dina Kyriakidou
Labels:
Corruption,
Greece,
Greek Crisis,
Greek Oligarchs,
Politics
Friday, December 14, 2012
Europe Wins a Battle, but Not Yet the War
(to)...create a new common bank-resolution authority for the euro zone...
The first is political and Italian
The next risk is political and German
A further risk is technical and possibly Spanish
The next risks are Hellenic
Thursday, December 13, 2012
EU, IMF agree to lend Greece 49 bln euros by March
BRUSSELS | Thu Dec 13,
2012 6:59am EST
(From the administrator: This article is from Reuters, and at the end you can find the link, the names of the authors and the adresses of their blogs)
(From the administrator: This article is from Reuters, and at the end you can find the link, the names of the authors and the adresses of their blogs)
Dec 13 (Reuters) - Euro zone finance ministers and the International Monetary Fund have agreed to release 49.1 billion euros in aid to Greece by the end of March, with most of that sum flowing immediately, senior EU officials said on Thursday.
Wednesday, December 12, 2012
Greece Can Grow Again
Red tape,
corruption, tax evasion—and a failure of marketing. Despite being the world's
third largest olive oil producer, Greece
sells 60% of its olive oil in bulk to Italy , where it is packaged and
sold at a premium.
The Wall Street Journal
The Wall Street Journal
By JOHN
SFAKIANAKIS
Saturday, December 8, 2012
Lessons from Latin America for Greece - FT.com
Lessons from Latin America for Greece - FT.com: "nderlying solvency problems were addr"
'via Blog this'
'via Blog this'
Thursday, December 6, 2012
For Greece, Oligarchs Are Obstacle to Recovery
By RACHEL
DONADIO and LIZ ALDERMAN
The New York Times
Link: http://goo.gl/nkgwE
Labels:
Corruption,
Greek Crisis,
Greek Oligarchs,
Politics
Wednesday, December 5, 2012
Greece takes bottom EU spot in global corruption index
* Italy below ex-communist Romania in
global league table
* China realises
tackling graft in its own interests-TI
* Russian
NGO curbs make it harder to check corruption -TI
By Gareth
Jones
Tuesday, December 4, 2012
History Shows Why Germany Should Help Greece
By John
Sfakianakis Dec 4, 2012 1:37 AM GMT+0200
Bloomberg
Saturday, December 1, 2012
Merkel says understands Germans' frustration over Greece: paper
(AP Photo/Michael Sohn, File)
BERLIN| Fri Nov 30, 2012 6:01pm EST
(Reuters) -
German Chancellor Angela Merkel said she understood her compatriots' doubts
about a bailout deal for Greece ,
but insisted in an interview that aid for Athens
was in the interests of Berlin
and all euro zone members.
Thursday, November 29, 2012
Greece says voluntary debt buy back must succeed
(Reuters) -
Greece 's
debt buyback plan, a key element of the cash-strapped country's bailout deal,
will be voluntary but must succeed, Finance Minister Yannis Stournaras said on
Wednesday.
Wednesday, November 28, 2012
Europe’s Plan C for Greece Is No Better Than Plans A or B
Bloomberg
Europe’s leaders have reached Plan C in their efforts to rescue Greece. Unfortunately, it lacks a crucial element also absent in Plans A and B: adequate debt relief.
Labels:
European debt crisis,
Germany,
Greek Crisis,
IMF,
Write Down
Tuesday, November 27, 2012
Greece, markets satisfied by EU-IMF Greek debt deal
(Reuters) -
The Greek government and financial markets were cheered on Tuesday by an
agreement between euro zone finance ministers and the International Monetary
Fund to reduce Greece 's
debt, paving the way for the release of urgently needed aid loans.
Monday, November 26, 2012
GLOBAL MARKETS-Shares, euro fall on Greece, U.S. fiscal talks
Mon Nov 26,
2012 2:48pm EST
* U.S. stocks
fall as fiscal talks set to resume
* Market
focus on outcome of Greece
aid negotiations
* Euro
edges down vs dollar
NEW YORK,
Nov 26 (Reuters) - Stocks around the globe and the euro were mostly lower on
Monday, with investors cautious over whether Greece will receive emergency aid
to keep it financially afloat and no signs of progress by U.S. lawmakers to
avoid the U.S. "fiscal cliff."
Friday, November 23, 2012
Analysis: Greek economy pays high price for its high prices
By Alan
Wheatley and Karolina Tagaris
(Reuters) -
Signs across Athens
advertise property for rent or sale. One in three shops has closed. At those
still open for business, turnover has slumped.
So it is
one of the mysteries of Greece 's
economic depression that prices of some things - milk and the new iPhone, for
example - are among the highest in Europe .
Thursday, November 22, 2012
Standoff on Greece Driven by Short-Sighted Europolitics
Forbes
Karl
Whelan, Contributor
Economist
focused on European macro issues
As Greece comes ever-closer to running out of
money, the Eurozone finance ministers and the IMF have now met for two weeks in
a row and failed to agree a new deal to loan Greece any additional funds.
Labels:
Austerity measures,
European debt crisis,
Greece,
Greek Crisis,
Politics
Tuesday, November 20, 2012
Your Cheat-Sheet to Greece
By Matina
Stevis
The Wall
Street Journal
Another
week, another euro-zone finance ministers’ meeting on Greece . Christine Lagarde, managing
director of the International Monetary Fund, has flown back from Asia to attend
the meeting starting later today, while European Central Bank president Mario
Draghi and the European Union’s economics commissioner Olli Rehn are also due
to be there.
Sunday, November 18, 2012
Euro zone, IMF make progress on Greece: Juncker
By Matthias
Inverardi
(Reuters) -
Euro zone governments and the International Monetary Fund (IMF) are making
headway in settling a row over how to make Greece 's debt manageable, Eurogroup
President Jean-Claude Juncker said on Saturday.
Friday, November 16, 2012
Greece: It’s Not About the Numbers
The Wall
Street Journal
http://blogs.wsj.com/eurocrisis/2012/11/16/greece-its-not-about-the-numbers/
The
spreadsheets spell it out clearly. Billions of euros of austerity measures on
top of an already fast shrinking economy have made the country’s growing debt
pile unsustainable.
IMF's Lagarde says important for euro zone to forge deal on Greece
(Reuters) - A crucial Eurogroup meeting next week on Greece should forge a deal that will put the insolvent country's economy on a sustainable path, International Monetary Fund (IMF) Managing Director Christine Lagarde said on Friday.
Wednesday, November 14, 2012
On Greece, Christine Lagarde Is the Grown-Up at the Table
By the
Editors Nov 14, 2012 1:30 AM GMT+0200
One way or
another, the governments and other official lenders that have bailed out Greece and now
hold its debt are going to lose some or all of that money.
Labels:
Austerity measures,
Debt crisis,
Greece,
Greek default,
Politics,
Write Down
Tuesday, November 13, 2012
Europe Gives Greece 2 More Years to Reach Deficit Targets
By James G. Neuger and Stephanie Bodoni - Nov
13, 2012 5:09 AM GMT+0200
Bloomberg
Euro-area finance ministers gave Greece two
extra years to wrestle down its budget deficit, pledging to plug the resulting
financing gaps in order to keep the country in the single currency and prevent
a renewed flareup of the debt crisis.
Friday, November 9, 2012
UPDATE 2-Greece will roll over T-bills due to aid delay
Fri Nov 9,
2012 8:06am EST
* More than
5 bln euros in T-bills due on Nov. 16
* Greece expects
aid tranche only after bills mature
* ECB
expected to let Greece
raise ceiling on amount of T-bills allowed
By Lefteris
Papadimas
Greece Drinks the Hemlock
EDITORIAL
The International Herald Tribune
Published:
November 8, 2012
http://www.nytimes.com/2012/11/09/opinion/greece-drinks-the-hemlock.html#h[]
Thursday, November 8, 2012
Barack Obama's second term
Now, hug a
Republican
A budget
deal makes sense for the re-elected president, his opponents, his country and
the world
Nov 10th
2012
The Economist
Tuesday, November 6, 2012
Europe, Central Bank Spar Over Athens Aid
Discord
Over Who Should Shoulder Burden of Giving Greece More Time to Repay Loans
Comes Ahead of Crucial Deadline
By BRIAN
BLACKSTONE and GABRIELE STEINHAUSER
Europe's
governments and the European Central Bank are at odds about who should shoulder
the financial burden of giving Greece
more time to repay its loans and remain part of the euro zone.
Η Ελλάδα στους πέντε πρώτους προμηθευτές αγροτικών προϊόντων
του Δημητρα Μανιφαβα
Από τη διπλανή μας Βουλγαρία μέχρι τη μακρινή Αυστραλία
ταξιδεύουν τα ελληνικά αγροτικά προϊόντα και τρόφιμα, καθιστώντας την Ελλάδα
έναν από τους κυριότερους προμηθευτές στον κόσμο στην κατηγορία αυτή.
Sunday, November 4, 2012
Greece flirts with tyranny and Europe looks away
Greek
democracy is in peril and much of the fault lies with the EU's hard stance
Nick Cohen
The
Observer, Sunday 4 November 2012
Friday, November 2, 2012
Tax Evasion Case Emerges as Latest Headache for Greece’s Coalition
November 1,
2012, 2:23 PM
The Wall
Street Journal
By JENNY
PARIS
A Greek
journalist at the center of a tax evasion and media censorship controversy has
emerged as the latest headache for Greece ’s fragile ruling coalition.
Greece Needs a Writedown, Not a Buyback
By the
Editors Nov 2, 2012 12:30 AM GMT+0200
The prime
minister of Greece took a large political risk Oct. 31 to keep Greece in the
euro, just as other euro area leaders appear to be recognizing that the country
needs more time and more relief from its debt obligations to survive.
Labels:
Austerity measures,
Corruption,
Debt crisis,
Greece
Tuesday, October 30, 2012
Germany, France Say November Key to Keeping Greece in Euro
By Tony
Czuczka and Brian Parkin on October 30, 2012
France and
Germany will strive over the next four weeks to stop Greece from unsettling
markets as officials work to put the country’s faltering bailout plan back on
the rails, French Finance Minister Pierre Moscovici said.
'EU Should Admit that Greece Will Need Debt Cut'
Saturday, October 27, 2012
Greece to vote on labor reform despite coalition split
(Reuters) -
Greece 's
government plans to put labor reforms demanded by foreign lenders to a
parliamentary vote despite a junior coalition partner's refusal to back them,
the finance minister said on Saturday.
Friday, October 26, 2012
Europe's carmaking crisis
Forward and
reverse
Oct 24th
2012, 11:54 by P.C.
The
Economist
CAR sales in the European Union have been
falling for five years, and there seems no end in sight to the slump. Official
figures out a few days ago showed that registrations were down almost 11% in
September compared with a year earlier. In France
the fall was 18%, in Italy
26% and in Spain
a staggering 37%. Britain
was the only significant market to enjoy a small rise.
Euro zone seeks to give Greece more time to cut, find more money
By Jan
Strupczewski
(Reuters) -
Euro zone officials are expected to press ahead on Thursday with plans to give Athens two more years to meet its budget goals as well as
examine ways of closing the yawning gap in Greece 's finances.
Labels:
Austerity measures,
European debt crisis,
Greece,
IMF
Wednesday, October 24, 2012
Racist attacks in Greece hit "alarming" levels: UNHCR
(Reuters) -
Racially motivated attacks have risen to alarming levels in Greece and
authorities are doing little to tackle the problem, the U.N. refugee agency
said in a report on Tuesday.
Tuesday, October 23, 2012
Greece Earns A Laurel From The World Bank
By Sudeep
Reddy
The Wall
Street Journal
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