GREECE SITUATION UPDATES!!! YOUTH UNEMPLOYMENT RATE IN GREECE RISES TO 59.3%!!!

Just got from the bank and the damn ATM didn't let me withdraw more than 500. Haven't changed my withdrawal limit. Anyone else heard or had a similar experience recently?

zerohedge‏@zerohedge

Bank of Italy cut Italy's 2013 GDP forecast to -1.0% from -0.2%

IMF review came out, proposes a 25% haircut among other things.

IMF: Greece Needs More Help From Euro Partners
[link to online.wsj.com]

Germany Dissatisfied With Greek Privatization
[link to english.capital.gr]

zerohedge‏@zerohedge

But Monti said Europe is fixed RT @ekathimerini: Banks want a recap extension [link to dlvr.it]

The roots of the olive tree where Plato was teaching his students in 500 BC disappeared, according to reports poor people cut it to use it as firewood.
[link to images.newsnow.gr]
[link to images.newsnow.gr]
More:
[link to translate.google.gr]


Now that's completely fucking retarded.

it is, isnt it?
we should start guarding the libraries..

but really, doesnt it sound like a stupid propaganda news this one?

Kalispera Ostria. It is, even if the tree was originally cut in 1976 this is shameful.

My guess is that either immigrants who have no idea what it was took it or the govt did it coz there is a lot of noise and propaganda about fireplaces these days. What's your take?

[link to mnhopkins.blogspot.se]

Kalispera Insert :)
I think it is probably both. Someone cut a piece without knowing what it was (was there a sign or something explaining what this oil tree was supposed to be?) and then they tried to make the most of it to push their agenda as they always do.

No there isn't a sign per se, at least i don't remember one, but it's well known, bus stop right next to the tree is called "sacred olive tree" and the metro stop Eleonas a bit further, the neighborhood is called Eleonas too, had to cross this road daily for 2 years when i was living in Chaidari years back, very shitty neighborhoods around to begin with though, but how they managed to move all this thing? Twas pretty big, sounds like an organized plan.

Useful for the govt agenda no doubt.

Last Edited by insertfunnyusername on 01/19/2013 08:28 AM

Representatives of Greece’s international creditors – the European Commission, European Central Bank and International Monetary Fund, known collectively as the troika – have decided on a six-month moratorium during which they will not demand any new austerity measures while also insisting that the country stick to its promises, Kathimerini has learned.

Six-month break from austerity
[link to www.ekathimerini.com]


Generosity greatly appreciated.

Some shocking stats about the continuously deteriorating economic situation in Greece
[link to translate.google.gr]

IMF's Thomsen: The program for Greece was wrong
[link to www.protothema.gr]

surprise!




6 hours ago
The State Department urges U.S. citizens to review their personal security plans, stressing the need to maintain a high level of vigilance.

Finally, urging Americans traveling or residing in Greece to enroll in a special program of the State Department, which provided the opportunity to the U.S. authorities through the nearest Embassy or Consulate to contact them in case of emergency.

in greek
[link to news247.gr]

Damn that was fast wasn't it?
Tourism will be destroyed this year if this continues like it did this week.

Also an article today says that classified reports reveal destabilization scenarios.
[link to newpost.gr]
Why reveal this now and not before?
Seems like govt terror BS since the 'we going bankrupt, the end is nigh' ain't working anymore, a boogeyman always comes handy.

Although i had a thought today that this maybe could be connected with DEPA-Russia privatization? What do you think about this? Last time the Russians got close to Greece we all saw what happened in 2008 with Dekembriana and all. Just a theory, was surprised with State Dept stating that Greece needs to be energy diverse, when for example Germany, Finland, Turkey are more energy dependent to Russia than Greece and State Dept also doesn't usually make statements about privatizations.

Last Edited by insertfunnyusername on 01/21/2013 08:38 AM

I think you are right.. Here is a nice analysis on this

"Cold war between USA and Russia on Depa" (the greek gus enterprise that we want to privitize)

[link to www.ethnos.gr]

Thanks for link, insightful, i'll use it to my Greece-Turkey energy thread later.
The Russian offer (Sintez) can cover 1/3 of the privatization target for this year, which is 6BN, they offer 1.9 and it is 4-5 times bigger than the non-Russian offers, how can someone decline it i dunno, anything is possible with our puppets here, Russians also want the train company and the weapon industry (OSE-ELBO) when pretty much the western offers either are too low at a vulture-like level or don't care at all.
We're in trouble methinks. :(

Last Edited by insertfunnyusername on 01/21/2013 09:35 AM

Some good news:
Many companies will open production lines in Greece for both servicing the local needs and for exporting. This could bring back some job positions and make some products cheaper.

[link to greece-salonika.blogspot.com]

I know very well that the Russians want to invest in Greece (not only now, from long ago), but it seems there are always "problems" with us to make a deal.

Good news but lets wait to see the working conditions and the wages.

Good news indeed, actually a cousin of mine got a job in a new factory this month, she says that more companies will invest, new China and all, but the wage is a bit disappointing compared to how high the cost of life is still here, she makes 540 per month as a simple worker, 8 hours of work.

Yep, i know that they badly want to invest, it's more important for them now that they'll probably get the boot out of Syria but there are always problems. I'm just worried a bit, everyone wants a piece of the pie here, govt/politicians are incompetent to handle such a big geopolitical game played out here and it's always the average innocent citizens who pay the price at the end. Just hoping for the best, not much that we minions can do about it anyways.

[link to www.dikaiologitika.gr]

According to the chart she should be making a bit more but the difference is not that big, maybe she told me wage after tax reductions dunno. I'm not an ungrateful bastard, 500 is cool if the cost of living adjusts to the new wages, cousin still can't make amends with this wage and needs a bit of family support on some things. Could maybe be cool if you're living in the countryside with your own house and not pay rent.

Who am i kidding here, it sucks.

Last Edited by insertfunnyusername on 01/21/2013 10:12 AM

i hope it is not before the taxes and the rest lol
sure you can live well if you dont use much electricity and have no heat. anyway she has my best wishes, tell her to make an expenses monthly plan.

So true, must...not..comply!
Thanks for wishes.

zerohedge‏@zerohedge

Bank of Greece to propose dividend of €0.67/share. In other news, Greek central bank emergency funding to banks was €102 billion in December

Financial prosecutors on Tuesday called for a magistrate to conduct an inquiry into whether the head of Greece’s statistical service ELSTAT, Andreas Georgiou, and two of his colleagues artificially inflated the size of the country’s budget deficit in 2009 to justify an EU-IMF bailout and subsequent austerity measures.

The prosecutors reportedly found evidence to support claims by a former employee of ELSTAT, Zoe Georganta, that Georgiou inflated Greece’s deficit for 2009 to over 15 percent of gross domestic product, a figure three times higher than the conservative government’s forecast in 2009.

[link to www.ekathimerini.com]

They're probably innocent right? Why would they want to push us to bailouts?