Turnover of stores in Greece around Christmas declined by 30 percent. From the 13 million Euros turnover in December of 2010 stores this year reached only nine million Euros.

The results from the study of the Greek Statistical Service on income and living conditions in the country in 2010 are alarming.

But not immediately, but once the next parliamentary elections take place. The Socialists will appear on those elections with another Prime Minister candidate. "An action with many question marks," this is how political observers comment on the statements done by Papandreou, who spoke on the meeting in front of the party's political council.

The Greek Administrative Court established a new case of corruption in the capital tax office, which has deprived the country of hundreds of thousands of Euros.

German media group RTL will withdraw from the Greek market by mid 2012. Expectations are that it will sell its majority stake in Alpha TV to its former owner Dimitris Kondominas, who in turn will make a turn towards more journalism programmes.

The third meeteng between the strikers in the "Hellenic Steel Company" SA, its management and the representatives of the Ministry of Labour turned out fruitless. The management wants to reduce wages, workers refuse to agree.

Proposals of the employers are for the collective agreements to be suspended for at least three years as well as the increases according to them. Some of the employers even insist on reducing the statutory minimum wage by 20%.