The turning point for the main shareholders of Greek banks comes after the end of the process of restructuring of the Greek external debt (PSI), when the time for recapitalization will come.

The Ministry of Finance imposed garnishment of 50 per cent of the cash assets in the account of Aspis Pronia insurance company.

The myth that private creditors will accept significant losses in the restructuring of Greece’s debt, is not quite right, writes Nouriel Roubini in a Financial Times article. The official results will be announced on March 9 at 8 o’clock in the morning at www.greekbonds.gr.

Greek and foreign media give contradictory information about the debt cutting. Finance Minister Evangelos Venizelos said that the restructuring will be successful. KFW and IIF doubt the positive result. Agony will continue until the last minute.

The lack of political will is the main reason, which causes lawlessness and undermines the authority of the institutions, which are the pillar of Greek society.

"The greatest issues that have remained unresolved for years are related to the overcrowding of the prisons, security and lack of staff," said the Secretary General of the Federation of Correctional Personnel in Greece, Spiros Karakitsos, exclusively for GRReporter.

A new type of entrepreneurship is emerging in Greece after the deterioration of the economic situation in the country. The government and the Ministry of Employment are developing targeted programmes in order to finance companies that will deal with the weakest social circles.