Greece has reportedly told envoys of international envoys that the firing of 2,656 workers at the state broadcaster ERT – suspended by the country’s highest court for now – nonetheless still meets the target of shedding public employees by the end of the summer and that plans are in the works to start firing lots [...]
Tag Archives | ECB
EU Tells Samaras To Turn On ERT
The European Commission has told Greek Prime Minister Antonis Samaras to abide by an order from the country’s highest court which ruled he should immediately restore the national broadcaster ERT he ordered shut down on June 11 and remained off the air despite the decision. “The European Commission takes into consideration the decision of the [...]
Troika Sees Greek Health Care Hole
Envoys from Greece’s international lenders discussed with Finance Minister Yannis Stournaras on June 18 what they said were disturbing deficits in the funds of the health care provider EOPPY’s insurance system, a shortfall of some 1 billion euros ($1.34 billion) this year and 2.5 billion euros ($3.35 billion) for 2013-14. There were no answers how [...]
Samaras, Troika Talk Taxes, Privatization
Still reeling from a decision by Greece’s high court suspending his decision to take the national broadcaster ERT off the air, Greek Prime Minister Antonis Samaras was scheduled to talk with officials from the country’s international lenders late on June 18 as he prepared for a meeting of Eurozone finance ministers on June 20, a [...]
Samaras OK’s Temporary ERT Broadcast
Hounded by howls of protests within Greece and Europe over the closing of the national broadcaster ERT to meet demands by international lenders to start firing public servants, Prime Minister Antonis Samaras has reportedly agreed to let information programs resume with a limited staff until a new, pared-down operation begins later in the summer. Greek [...]
Greece Gets 3.3B Euro Loan OK
While attention in Greece is locked squarely on the shutdown of the national broadcaster ERT and the crisis it has provoked with the coalition government, the country’s international lenders privately approved release of a pending loan installment of 3.3 billion euros ($4.39 billion). The okay came after envoys of the European Union-International Monetary Fund-European Central [...]
Bank of Greece Completes Capital Hike
The National Bank of Greece has raised collects private funds of at least 1.1 billion euros, ($1.47 billion) increasing its capital without issuing contingent convertible bonds (CoCos). As newmoney.gr reports, the National Bank of Greece approached its target to cover 12% of the share capital increase by private funds. The administration weights the amount of [...]
Venizelos, Kouvelis ERT Showdown With Samaras
Prime Minister and New Democracy Conservative leader Antonis Samaras has set a June 18 meeting with his coalition partners, PASOK Socialist leader Evangelos Venizelos and Democratic Left (DIMAR) head Fotis Kouvelis, who are demanding he withdraw a decree that closed down the national broadcaster ERT. The flap is threatening to undermine the coalition government, which [...]
Elections Could Save Papaconstantinou
If a growing political crisis surrounding the Greek coalition government over the closing of the national broadcaster ERT by Prime Minister Antonis Samaras- a move that made him lose the support of his coalition partners – leads to early elections, it could stop the investigation of former finance minister George Papaconstantinou’s handling of a list [...]
Greece Pulls The Plug On ERT
Employees of the Greek national broadcaster ERT who vowed to stay on the air even as the government said the TV and radio stations funded by mandatory payments in electric bills would close and then re-open with a drastically reduced staff were stunned when the transmitting signals were suddenly shut off at 11 p.m. on [...]
Greece Asks Troika To Cut VAT
With envoys from international lenders in Athens to check the country’s books and the pace of reforms, the Greek government is going to ask again for permission to lower the 23 percent Value Added Tax (VAT) in restaurants. The Troika of the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) has rebuffed the idea before and [...]
Greek 2013 Primary Deficit Beats Target
While the Greek economy shrank 5.6 percent of Gross Domestic Product (GDP) in the first quarter this year, the Finance Ministry said the primary deficit also fell as deep spending cuts offset less-than-expected tax revenues that were far off the mark despite big tax hikes. The ministry said the numbers showed the country is on [...]
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Calendar – Exhibits, Concerts, Fun
- Taste of Paris in Athens June 19, 2013
- Video Captures ERT Workers Anguish June 19, 2013
- Greek-Australian Conferences in Thessaloniki, Lemnos June 18, 2013
- 35th River Party at Aliakmonas June 18, 2013
