GREECE SITUATION UPDATES: The death of a 19-year-old Greek student has come to symbolize everything that's wrong with austerity!!!

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?

IMF warns tax failure will lead to wage cuts
[link to www.ekathimerini.com]

New standoff looms between government and unions
[link to www.ekathimerini.com]

Farmers in blockades threaten riot police with pesticides if they continue to use teargas.
[link to translate.google.gr]

Ambassador Leonidas Chrysanthopoulos on the Greek economic crisis: could this Greek Tragedy lead to civil war?

I believe that the crisis has been aggravated by the wrong measures of austerity imposed on Greece by the so-called Troika (IMF-EU and the European Central Bank) and the lack of courage of Greek governments to oppose or negotiate them. IMF has admitted in public that mistakes were made. Many Greeks are suffering because of these measures .The IMF recently admitted that it did not anticipate the high levels of recession. But mistakes have to be paid. It is a shame that the Greek Government did not estimate the cost of the damages of these mistakes to the country and ask that they be reduced from the so-called debt.

Democracy no longer exists in Greece. The austerity measures recently adopted were unconstitutional according to Greece’s highest courts. One Member of Parliament and former minister said unabashed on television that the measures are unconstitutional but he has to vote for them. In this way, he blatantly violated the oath he took when he was sworn in to protect the Constitution.

The Greek government recently made an agreement with the successor company of Blackwater to hire mercenaries for the protection of Parliament. Parliament, however, in democracies needs no protection.
[link to millstonenews.com]

Business Insider‏@businessinsider

Greek Neo-Fascist Party Golden Dawn March To US Embassy by @mradamtaylor [link to read.bi]

zerohedge‏@zerohedge

Netherlands outlook to negative from stable by Fitch -> Fitch about to be sued into oblivion by the Netherlands

Hehe, US is suing Standard & Poor's too.
[link to www.france24.com]

Shameless promotion of Tsipras by NY Times
[link to www.nytimes.com]

Thread: Cracks Are Starting To Appear In Europe!!! Protesters Burn An EU Flag, As Cyprus Begins To Crumble Under The Tension!!!

25000 layoffs a requirement for the next tranche
[link to translate.google.gr]

Striking seamen returned to work early on Wednesday after the coalition government issued a civil mobilization order on Tuesday. The move came in the wake of a decision reached by unionists which called for an extension of a six-day walkout.
[link to www.ekathimerini.com]

The Council of State on Tuesday deemed unconstitutional a law passed almost three years ago which allows second-generation migrants to apply for Greek citizenship and to stand in local elections.

Greece’s highest administrative court ruled that only Greeks could stand for office. It also decided that the criteria for offering Greek citizenship were not sufficient and that each case should be examined individually to ensure the applicant has a genuine bond with Greece.
[link to www.ekathimerini.com]

Imminent prosecutions of many political figures?
[link to translate.google.gr]


Farmers distribute fruits and vegetables to pensioners, unemployed
[link to www.ekathimerini.com]

zerohedge‏@zerohedge

Wait for it... Greek January Economic Sentiment Declines from 86.9 to 85.8. Must be the choice of get back to work or go to jail

Greeks Stand Up to Protect Their Water From Privatization. As foreign investors eye their public utilities, water workers scramble to create cooperatives
[link to www.onthecommons.org]


Stournaras sees Greek recovery as cash returns
[link to www.ekathimerini.com]

Big debt arrests made in Attica over past three days
[link to www.ekathimerini.com]

The sellout/privatization process going swimmingly here in Greece.


Arabsat has signed an agreement with the Hellenic Telecommunication Organization (OTE) for the acquisition of its 99.05% equity participation in Hellas Sat Consortium (Hellas Sat).

The share purchase agreement was signed upon an aggregate consideration of €208 million, representing the 99.05%, of: an enterprise value of Hellas Sat, amounting to €157 million, which corresponds to 7 times the EBITDA of Hellas Sat for 2012, and the cash held by Hellas Sat on the date of completion of the transaction, estimated at €53.4 million.
[link to www.broadbandtvnews.com]

CH Capital will be granted a 99-year concession to exploit the seaside plot at Kassiopi. The state will retain ownership of the 120-acre (nearly 50-hectare) forested property, selling what it calls the «right of surface.» The fund said the total investment at Kassiopi is expected to reach 75 million euros.
[link to www.ekathimerini.com]

Greece set a minimum bid price of 22 million pounds ($35 million) for a London townhouse, one of six overseas properties the government is selling to help pay its debts, two people with knowledge of the matter said.
[link to newpost.gr]

Philip Morris to buy 50 pct of Greek tobacco production over next 3 years
[link to www.ekathimerini.com]

And since we talking privatizations, here's an Indian management consultant dude with a radical idea to save the country, which is to sell the big islands like Corfu, Lesbos and Rhodes and get it done with.

[link to qz.com]

Last Edited by insertfunnyusername on 02/07/2013 06:10 PM

EU embraces austerity for 7-year budget deal
[link to news.silobreaker.com]

Greek household incomes down average 38 pct from cuts, survey shows
[link to www.ekathimerini.com]

Human rights commissioner calls for action on police brutality claims
[link to www.ekathimerini.com]

Under secrecy in Thessaloniki, a 3-day forum about the Balkans under the the auspices of the Rockefeller Foundation
involving 55 politicians, technocrats.
[link to translate.google.gr]

Having experienced both, I'd say the farmers were onto something there, lol.

We'd do better to simply give Athens away to anyone crazy enough to take it. Most of our population lives there as well as one or two, err, visitors.

Not fooling anyone around here, Bob, give it up!

Explains a lot off course, surprised they got hired that fast.


The EU will spend more than $3 million on ‘troll monitors’ to trawl Eurosceptic debates on the internet ahead of European elections in June 2014, UK media reports. It comes amid fears that hostility against the EU is growing.

The new strategy will include “public opinion monitoring” to “identify at an early stage whether debates of a political nature among followers in social media and blogs have the potential to attract media and citizens’ interest,” according to internal documents reportedly discovered by the Telegraph.

"Particular attention needs to be paid to the countries that have experienced a surge in Euroscepticism," a confidential document said.

[link to rt.com]
Thread: EU to pay $3mil to GLP Trolls



Last Edited by insertfunnyusername on 02/09/2013 08:11 AM

Off topic but can some people that live in Greece provide some info on who EPAM is?

From the 'Laiko' perspective...

Epam is the party of Kazakis, a quite good economist-analyst who has worked abroad and has many times proven right with his forecasts regarding Greek economy and matters, he was a communist when his was young but he had problems with their ideology and decided to go his own way with epam.

It is a populist movement with lots of lefty and a revolutionary ideology, pro-drachma and anti-bailout, although what makes them a bit different than the other typical left or far left parties in Greece is that they're not anti-Greek and have a national consciousness on Greek foreign policy and national matters, in their own words both the far-right and far-left, both the atheists and Christians can coexist in EPAM, dunno if this is the case indeed coz the party is not that popular yet. They also organize lots of solidarity events for their respective communities.

Imo they lack 1-2 political names other than Kazakis to make it in the parliament, in the last elections these various small parties that didn't got in the parliament got a record 18%, which is further proof of how fractured the Greek society really is the last years in political terms. I expected more from EPAM in the last elections, they messed up and lost steam somewhere in the middle of the pre-election period due to cooperation with other weird small unknown parties.

Last Edited by insertfunnyusername on 02/10/2013 08:53 AM