EU
Economy
EU Wants Greek Private Sector Workers Pay Cut Too
ATHENS – With public workers set for another barrage of pay cuts – teachers already bracing for a retroactive salary slash of 380 euros, or $525 per month – European Economic and Monetary Affairs Commissioner Olli Rehn has proposed...
Economy
Greek Crisis Threatens Eurozone Survival
ATHENS – As speculation intensified that Greece would default, the crisis that has gripped the country for 18 months, setting off protests and riots over government-imposed pay cuts, tax hikes and slashed pensions to satisfy international lenders putting up...
Economy
Greece Stops Paying Bills
Strapped for cash and facing the prospect of being unable to pay workers without the next installment of rescue loans from international lenders, Greece has frozen payments to its creditors, but will keep sending out checks for salaries and...
Greece
Traditional Boats Destroyed According to European Directive
According to an article in the Greek newspaper “Kathimerini”, during the past 20 years a huge number of wooden boats have been destroyed with the approval of the Greek state and the European Union, including sailing boats, trawlers,...
Economy
3 Possible Scenarios for the Greek Crisis
The Greek government is confronting a great number of difficulties, with many issues pending at the same time. One of these is that negotiations regarding the new loan have yet to reach an agreement. Another is memorandum delays..once again.
Everything...
Economy
Courts Fine Tax Evaders $10 Billion Greece Hasn't Collected
ATHENS – Even as the government is trying to squeeze every last cent out of taxpayers, it has failed to collect some $10 billion owed by tax evaders who’ve been ordered by the courts to pay, official data from...