Category Archives: recession consequences

  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. 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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  4. The end of PASOK

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    November 1, 2012 by pavlospapathanasiou

    Founded in 1974 by Andreas Papandreou and having been the dominant political party in the fifth Hellenic Republic, PASOK (Panhellenic …
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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. Former City yuppies arrested; a Greek “success story” that ended in prison

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    October 30, 2012 by pavlospapathanasiou

    In early September 2011, surprised viewers in Greece were watching the former Finance Minister and current leader of PASOK party, …
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  7. Man was threatening to blow up outside the Presidential House in Athens

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    October 30, 2012 by pavlospapathanasiou

    A man around 40 alarmed Greek Police earlier today, while standing outside the Presidential House in Athens downtown, threatening to …
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