Iro Theophanides

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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...