ATHENS – Accused of being the man who could push Greece out of the Eurozone and into chaos and collapse, Coalition of the Radical Left leader Alexis Tsipras, a front-runner in the June 17 elections, is trying to persuade European leaders he’s not so radical after all and doesn’t want Greece to leave the economic [...]
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Cameron Tells Greeks ‘There is a Choice’: Accept Austerity or Go Back to Drachma
David Cameron told Greece to accept austerity measures or quit the euro last night, urging the euro zone to put in place strong contingency plans for either eventuality. Cameron, speaking in Chicago before the start of a NATO summit, dismissed talk that the G8 summit that ended on Saturday at Camp David, Maryland, was a [...]
Samaras Challenges Tsipras: Let’s Debate on TV
ATHENS – With their parties in a virtual deadlock for first place in the June 17 elections that could decide Greece’s fate, New Democracy leader Antonis Samaras has challenged Coalition of the Radical Left (SYRIZA) head Alexis Tsipras to a television debate that would be a battle between Samaras’ support of austerity measures against Tsipras’ [...]
The Red Scare: The Hammer and Sickle Flying Over Greece
ATHENS – From 1947-57 it was Sen. Joseph “Better Dead than Red,” McCarthy who put the fear of having no God into Americans with his political witch hunt trying to root out Communists – or suspected Communists – from government, the arts, schools, and wherever he imagined they might be. Americans were ripe for the [...]
Vulture Funds Cashing in on Greek Debt
Wherever chaos appears, vultures follow; an unavoidable consequence which Greece has to deal with. Greeks rush to withdraw savings, while some “clever” and rich companies around the world make deals with Greeks. Kenneth Dart is an American tax exile who left the USA in 1994 and lives in the Cayman Islands. This week, he managed [...]
More Airlines Stop Direct Flights to Greece
One by one, foreign airlines are ceasing their direct flights to Greece and vice versa, realizing these itineraries are unprofitable. Athens has, during the past two years, lost many of its tourists. International media shows a country with financial problems and possible riots at any time and many visitors are changing their plans and travel to other places, mostly neighboring, [...]
Schaeuble: Greece ‘Needs Austerity Programs’
German Finance Minister Wolfgang Schaeuble said cash-strapped Greece needed to implement EU and IMF-imposed austerity measures as European solidarity was “not a one-way street.” “To tell the Greeks that they need not apply austerity deals to which they have agreed is to lie to them,” Schaeuble told the weekly Bild am Sonntag. “European solidarity is [...]
A G8 Push for Greece to Stay in the Eurozone, But No Answers
Even as Greeks found themselves caught in the twin nightmares of accepting more pay cuts, tax hikes, slashed pensions and mass firings, or the doomsday scenarios of returning to the drachma, 70 percent devaluation, lack of food, fuel, tanks in the streets, and anarchy, the leaders of the G8 representing the world’s biggest economies said [...]
Alexis Tsipras Backs Staying in Euro
Greek poll front-runner Alexis Tsipras, buoyed by a groundswell of opposition to EU-IMF imposed austerity measures, says forcing his country out of the eurozone would sink the region as a whole. The problems in Greece were those of Europe, Tsipras told Saturday’s edition of the International Herald Tribune, and forcing his country out of the [...]
Greek Companies Want to Impose Price Increases Amidst Market Losses
Certain Greek companies couldn’t care less about the financial crisis consequences hurting the average Greek family and are pushing for increases in product prices while the country’s economy sinks in bottomless waters. Trustworthy information from protothema.gr reports that companies, such as the Fillipou family-owned Elbisco (Yiannis and Kiriakos Phillipou), demand a retail increase of 15% [...]
Merkel Calls For Greek Referendum On Euro; Berlin Denies
ATHENS – German Chancellor Angela Merkel’s office is denying a report that she recommended to Greek President Karolos Papoulias that Greece should hold a referendum on whether to stay in the Eurozone. Late last year, she blasted then Prime Minister George Papandreou for making a similar recommendation on whether Greek voters were in favor of [...]
Political Wars Begin: New Democracy-SYRIZA Clash
ATHENS – Even as a new Parliament briefly met and dissolved, Greece’s political parties were taking shots at each other ahead of a second round of elections on June 17 that could decide whether the country stays in the Eurozone or returns to the drachma. After a first election on May 6 failed to give [...]
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05 / 24 EU Leaders Tell Greek Voters to Make “The Right Choice”
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05 / 23 A Crisis of Democracy: Greece
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05 / 23 Fearing Eurozone Exit, More Greeks Stop Paying Taxes
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05 / 23 Market Watch: ‘If Greece Exits Eurozone, Replace It With Turkey’
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05 / 23 Pilot Program Allows Immediate Visa for Turkish Tourists on Arrival to Greek Islands
Calendar – Exhibits, Concerts, Fun
- Thessaloniki: 50 Year Anniversary Commemorated of Seferis Literature Nobel Prize May 23, 2012
- ‘Doctors of the World’ International Conference to be Held in Greece May 22, 2012
- Crete is a Mediterranean ‘Treasure’ of Aromatic Plants and Herbs May 22, 2012
- Crete to Export Products to Australia May 21, 2012
Salonica
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