Category Archives: economy

  1. Austerity and heavy taxes caused the dramatic reduction of State revenues

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    November 8, 2012 by pavlospapathanasiou

    Due to the dramatic economic recession in Greece, state revenues reduced, despite the heavy taxes that the government imposed both …
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  2. Antonis Samaras, the Greek Terminator; how to destroy the democracy and economy

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    November 8, 2012 by pavlospapathanasiou

    Despite having an initial parliamentary majority of 179 out of 300 MPs in June 2012, the battening Samaras Cabinet managed …
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  3. Thriller in Athens: Justice Minister and European Commission block Troika measures

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    November 5, 2012 by pavlospapathanasiou

    According to a report posted earlier today in enikos.gr news portal,  Justice Minister Antonis Roupakiotis (a technocrat proposed by Democratic …
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  4. Draft budget: Greek economy to shrink by 4.5% in 2013

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    November 3, 2012 by pavlospapathanasiou

    The country’s general government deficit is expected to fall to 5.2 pct of GDP in 2013, slightly improved from the …
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  5. Samaras tripartite Governement fails to pass reforms in Parliament

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    October 31, 2012 by pavlospapathanasiou

    Today’s crucial vote in the Greek Parliament on a series of reforms imposed by Troika , ended up as a …
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  6. Finance Minister Stournaras : “Greece will become Northern Korea”

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    October 31, 2012 by pavlospapathanasiou

    Greek Finance Minister Yiannis Stournaras seems to follow the “tradition” of his predecessors of PASOK party, George Papakonstantinou and Evangelos Venizelos, …
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  7. Another PM Samaras unsuccessful bluff or are we closer to Grexit?

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    October 29, 2012 by pavlospapathanasiou

    According to reports posted earlier today by some Greek news portals, the situation regarding  the next Troika (IMF-EU-ECB) loan payment …
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