Iro Theophanides
Kathimerini States Bad Greek Loans Likely to Exceed 31 Billion Euros
Bad loans at Greek banks in 2011 are likely to exceed 31 billion euros ($41 billion), or 12% of total loans, up from 10%...
Scrapped Bonuses Means Fewer Greek Gifts
Twice as many Greeks as last year say they have no additional income to spend over the holiday period, Kathimerini reported, citing a survey...
1 out of 5 Greeks Live in Poverty States Labor & Social Security Minister
One out of five citizens in debt- ridden Greece today lives in poverty. This was stated by Greek Labor and Social Security Minister Louka...
Papandreou Attends EU-Africa Summit, Libya
The 3rd EU-Africa Summit opens in Tripoli, Libya on Monday. Approximately 80 European and African heads of state, the European Council, European Commission presidents,...
Citibank Closes 31 Branches in Greece
Citibank announced a large scale restructuring of its activities in Greece. It closed 31 branches out of a total of 72 branches in its...
The Pan-Hellenic Seamen’s Federation Strike Continue – Union Calls off Garbage Strike
Adding to Greek woes, the union for seamen began a strike on Tuesday with plans to extend what had initially been a one-day...
Trade Unions' Civil Suits Convene on Tuesday
A Council of State (CoS) plenum will convene on Tuesday to hear civil suits brought by trade unions. The suits are against wage cuts and...
Georgios Sklavounos Museum Opens in Amfiklia-Elatia!
The municipality of Amfiklia in south central Greece that is now the Amfiklia-Elatia extended municipality, will inaugurate the Academician Georgios Sklavounos Museum. The inaguration will take...
Government Finalized 2011 Budget Plan
The Greek government finalized decisions over a 2011 budget plan after a meeting between Finance Minister George Papaconstantinou and EU-ECB-IMF Troika officials in Athens...
Greece’s 2009 Budget Gap Hits 15.4% Of GDP, Eurostat Says
Greece’s 2009 budget deficit hit 15.4 of GDP, revised data provided Monday by Eurostat showed.
The previous notification was at 13.6% of GDP
The country’s government...