Monday, November 26, 2012


To vote on austerity measures equal to 11.5 Billion, while taking on bank debts of 49 Billion Euros is rather silly – although silence is what justifies the collective submission of a nation that was once proud.

“Exploding debt in 2012 at 340.6 Billion Euros, compared to an initial estimation of 316 Billion Euros; these numbers where revealed by the Greek Statistical Authority (ELSTAT) and the General Accounting Office to Eurostat, during the interim Excessive Deficit Procedure.
The same data show that the deficit for the year 2012 is expected to be around 13.4 Billion Euros, a target level that will most likely be achieved through heavy public spending cuts. Specifically, from a central government perspective, the deficit target is set at 11.4 Billion Euros.
GDP is also projected to decline to 194.7 Billion Euros, from approximately 232 Billion Euros (the GDP before the ΄΄invasion΄΄ of the IMF in Greece).
Furthermore, according to data of.....

Tuesday, November 06, 2012

Greece flirts with tyranny and Europe looks away

Greek democracy is in peril and much of the fault lies with the EU's hard stance

Nick Cohen

  • The Observer, 

  • When those madcap Scandinavian satirists awarded the Nobel peace prize to the European Union, they let everyone in on the joke by praising its commitment to "reconciliation, democracy and human rights". If the committee's 2012 citation were anything other than a spoof, you would have read denunciations of the rise of oppressive state power and neo-Nazism in Greece from concerned Euro commissioners long before now.