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Archive - Jun 29, 2011

The resorts are too expensive for ordinary people, and luxury tourism in Greece is very cheap

29 June 2011 / 20:06:31  
Sun and beaches are no longer sufficient to attract tourists who want to get a full range of "experiences" when looking where to spend their holiday, became clear during the congress "Investment for tourism: Focus on Greece" in Athens. It turns out that the resorts, hotels, and transport are too expensive for the average tourists, while the luxury places do not meet the requirements of the VIPs.


Violence and tear gas on Syntagma

29 June 2011 / 17:06:19  
More than 500 people were given medical care for suffocation, another 30 were taken to hospital. The clashes on the square continue, but they involve only the young people who cause unrest. Peaceful protesters are in the surrounding streets, waiting for the chance to return on Syntagma.


The austerity plan was adopted with 155 votes

29 June 2011 / 16:06:11  
New set of austerity measures for the local economy in the next four years, which are based mainly on revenues from high and widely unpopular taxes. Greece was not certain to the last minute whether the bill will pass.


The chances of returning to capital markets under these conditions are zero

29 June 2011 / 14:06:21  
In the critical hours before the vote on the final version of the austerity plan we turned to the Professor of International Financial Markets and Financial Law Emilios Avgouleas from the University of Manchester. He is the Director of the LLM Programme and analyzes the latest developments exclusively for GRReporter.


Greece – the world's hot topic

29 June 2011 / 13:06:32  
The media interest and not only is from the eastern to the westernmost points of the world is focused on Greece and particularly on the Greek Parliament which is expected to vote on the austerity plan.