Archive for category: Global Press Watch

  • Papandreou’s Odyssey: undoing his father’s legacy

    Papandreou’s Odyssey: undoing his father’s legacy

    Global Press Watch October 4, 2011 10:27 pm no comments

    Greek Prime Minster George Papandreou, who was born and raised in the U.S., belongs to Greece’s most important political dynasty — he’s the son and grandson of prime ministers. And yet just two years after he led the Socialist party to victory, his popularity has plummeted, his debt-stricken country is at […]

     
  • Can YOU answer these questions? What every Greek American should know…

    Can YOU answer these questions? What every Greek American should know…

    Global Press Watch October 4, 2011 7:41 pm no comments

    6Q’s from the News from the New York Times, October 4, 2011: WHO comprises the “troika” that has kept Greece’s economy afloat? HOW many economies share the Euro? HOW many “bailouts” has Greece had? WHAT is Europe’s strategy to whittle down the public debt? WHAT might happen if Greece defaults on its debt? WHAT were taxi drivers protesting […]

     
  • Caught in the middle: young Greeks in Germany

    Caught in the middle: young Greeks in Germany

    Global Press Watch October 3, 2011 9:49 pm no comments

    About a dozen Greek students stood in the rain, protesting outside a meeting of Greek and other European Union politicians in Berlin last week. They complained that the austerity measures that Greece imposed to meet creditor demands are too severe. Massive layoffs, salary cuts and spending freezes leave Greek residents […]

     
  • Greece unveils draft 2012 budget with revised projections

    Greece unveils draft 2012 budget with revised projections

    Global Press Watch October 3, 2011 6:10 pm no comments

    Greece has unveiled a draft budget for 2012 that aims to compensate for a higher than projected spending deficit this year and put the public finances back on track as agreed with international lenders. The draft budget revises this year’s deficit projection upwards to 8.5 % of gross domestic product against […]

     
  • Battered by economic crisis, Greeks turn to barter networks

    Battered by economic crisis, Greeks turn to barter networks

    Global Press Watch October 2, 2011 6:17 pm no comments

    The first time he bought eggs, milk and jam at an outdoor market using not euros but an informal barter currency, Theodoros Mavridis, an unemployed electrician, was thrilled, writes Rachel Donadio in the New York Times. “I felt liberated, I felt free for the first time,” Mr. Mavridis said in […]

     
  • Back to the Square of Tears: history repeats itself in Greece

    Back to the Square of Tears: history repeats itself in Greece

    Global Press Watch October 1, 2011 12:32 am no comments

    A century ago, Greek civil servants secured jobs for life after decades of protests at a central Athens location named Klafthmonos, meaning the Square of Tears, because this was where they bemoaned their plight. Now, a Socialist government struggling to spare the country from bankruptcy, is determined to start firing state […]

     
  • Can’t pay taxes? Greek bank offers special loans

    Can’t pay taxes? Greek bank offers special loans

    Global Press Watch September 30, 2011 9:45 pm no comments

    Can’t pay a barrage of new taxes imposed by the Greek government to plug deficits? Take a special loan, a Greek bank told clients on Friday, seeing a rare opportunity for business. In a shamelessly commercial response to new property and income taxes approved by the Greek Parliament this week, “Eurobank launched […]

     
  • Greece should not be forced to act alone

    Greece should not be forced to act alone

    Global Press Watch September 30, 2011 9:05 am no comments

    No haircut. No default. Greece will persevere. This is our government’s unyielding stance on the current crisis, stressed by the prime minister in Germany this week, writes Elena Panarites in The Guardian. The Greeks are not going to leave the euro, but their partners in the single currency need to […]

     
  • Greece may have to slash up to 200,000 public-sector jobs

    Greece may have to slash up to 200,000 public-sector jobs

    Global Press Watch September 29, 2011 10:03 pm no comments

    The Greek government faces the unenviable task of cutting tens of thousands of public sector jobs as demanded by Eurozone officials in exchange for the next tranche of bailout money for the beleaguered nation, according to a report from the International Business Times. “Greece expects to generate at least 6.3 […]

     
  • A ruined kiosk owner rebuilds in Syntagma — for pride, if not riches

    A ruined kiosk owner rebuilds in Syntagma — for pride, if not riches

    Global Press Watch September 26, 2011 10:13 pm no comments

    An Athens vendor who watched his drinks kiosk and all its contents burn to the ground during running battles between riot police and anti-austerity protesters has reopened, now deeply in debt, three months later, reports Karolina Tagaris for Reuters. “Dimitris Ptohos, whose name means ‘poor Dimitri’ in Greek, saw a […]