Why Kefalonia will survice the Economy Crisis:- By Matthew Tovey

“The Crisis of Greece and Europe” The European debt crisis, one of the most talked about subjects in the news today, began as a whirlwind story that many Americans may not be aware of. The country that this entire story depends upon is, as might be expected, Greece. In the early 1990s there was much […]

NEWS: Greek wages on the line….

PM tells unions changes to salaries, minimum rate needed as part of bailout deal Greece might have to reduce its minimum wage and private sector workers could have to accept severe salary cuts as part of the reforms needed to secure funding without which the country is likely to go bankrupt by March, Prime Minister […]

Greece will leave euro if second bailout fails, says Kapsis

  Greece will have to leave the eurozone if it fails to clinch a deal on a second, 130 billion euro bailout with its international lenders, a government spokesman said on Tuesday. It was an unusually public stark warning from the embattled country, aimed at shoring up domestic support for tough measures and possibly also […]

NEWS: Gov’t spokesman warns of tough negotiations ahead

With Greece bracing for another tough year, the government spokesman on Monday warned of tough negotiations with foreign creditors to secure the necessary funds to keep the debt-wracked nation afloat. “The danger for Greece is not yet over and the Papademos administration cannot afford to postpone the issues it has committed to,” Pantelis Kapsis told […]