Tag Archives | Theoharis
Greece Fears Troika Wants Fast Firings

Greece Fears Troika Wants Fast Firings

Inspectors from the Troika of Greece’s international lenders will return to Athens next week as the uneasy coalition governments they will demand a picked-up pace of layoffs and firings to reduce the public workforce by 25,000 this year. Worried about a backlash from labor unions and more social unrest, the government is expected to argue [...]

Tax Hikes Backfire, Greece’s Revenues Plummet

Despite big tax hikes as part of austerity measures demanded by international lenders, tax revenues fell precipitously in January, with the Greek Finance Ministry reporting a 16 percent decrease from a year earlier, and a loss of 775 million euros, or $1.05 billion in one month. The government took in only 4.05 billion euros ($5.47 [...]

Greece With List of 400 London Buyers

With Greek prosecutors already scouring a list of 33 politicians to determine how they obtained their wealth, the government now is probing names on another list – this one of some 400 Greeks who’ve bought luxury homes in London, trying to determine if they are laundering money or evading taxes by putting their wealth into [...]