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Archive - Jan 19, 2012

Cutting wages in Greece is inevitable, says Reichenbach

19 January 2012 / 23:01:34  
In the early years of the crisis, the cost of labour managed by trade unions was seriously overestimated. Greece must reduce the wages until the competitiveness of Greek products returns to the pre-crisis levels explained the head of the European Commission advisory group on economic growth for Greece.

Businessmen, а diplomat and а school bus driver among the captured for paedophilia in Greece

19 January 2012 / 21:01:00  
The arrested are at different ages and with different social statuses. Particularly brutal porn materials involving children with a total size of 14,000 GB were found in their computers.

Markets expect Greece to default

19 January 2012 / 20:01:23  
Another evening meeting of Prime Minister Lucas Papademos with the representative of private creditors and head of the Institute of International Finance Charles Dallara, hedge funds are taking the offensive.

The lack of a new ideology will turn the economic crisis into a catastrophe

19 January 2012 / 17:01:26  
The journalist Stavros Lygeros and his followers gave their insight on the development and pathogens of Greek society and economy that have led to today's crisis during the presentation of the book "From plunder to bankruptcy".

"White collars" mafia – the usury network in Thessaloniki has been broken

19 January 2012 / 15:01:08  
Police in Thessaloniki have seized 53 people within a massive campaign. Some of them are particularly popular in the city and across northern Greece and prior to their capture, no one would have ever thought that they were dealing with usury.