Most Greeks think new government cannot solve woes: poll

(Reuters) – Most Greeks believe their new government is unable to resolve their near-bankrupt country’s problems, a poll found on Thursday. Greece depends on a second 130 billion-euro bailout from the International Monetary Fund and European Union, who demand spending cuts that have helped push it into its worst recession since World War Two and put … Continue reading

Security firm spies on Reuters correspondent

(Reuters) – A private security team was hired to follow and photograph a Reuters special correspondent who has written a series of articles exposing mismanagement in Greek banks. Stephen Grey, who was in Athens last week for further reporting, was followed to a meeting at a building in the city on June 20. The unidentified … Continue reading

From Nazi to Terminator, Europe’s media target Merkel

By Madeline Chambers (Reuters) – Demonised in Europe’s media as a red-eyed Terminator robot, a flabby centre-fold pinup and a fleshy Roman god eating Greeks, German Chancellor Angela Merkel has become the subject of a new wave of vitriol for her tough stance on the euro zone crisis. Already a figure of hate in Greece … Continue reading

Neo-Nazi Greek party threatens journalist

Chryssi Avgi (Golden Dawn), which won 6.97% of the votes and 21 seats in the Greek parliament in Sunday’s parliamentary elections (see background), has made intolerable death threats against Xenia Kounalaki, the editor of the foreign news desk of Kathimerini, Greece’s leading broadsheet, unleashing a wave of reactions on the resurgence of neo-Nazi extremism. On 12 April, Kounalaki wrote an op-ed, arguing that the Greek … Continue reading

Greece – Riot police deliberately attack journalists covering street demonstrations

(picture by Marios Lolos) Reporters Without Borders roundly condemns a new wave of deliberate attacks on reporters and photographers in Athens and calls on the security forces to immediately identify those persons within their ranks who were responsible. “The respite was short,” Reporters Without Borders said. “The riot police, who were criticized after the abuses of … Continue reading

Greek photographer hospitalised by police

Greek photographer Marios Lolos, President of Press-Photographers Union of Greece is undergoing brain surgery after reportedly being beaten by riot police in Athens yesterday. We wish to extend our union branch’s solidarity and best wishes. Journalists have every right to gather news without being subjected to intimidation and violence. The targeting of journalists is completely unacceptable and the … Continue reading

EU Treatment of Greece Shows ‘Moral Decay’: Economist

European Union leaders showed “moral decay” in delaying Greece’s bond swap deal in order to minimize the impact on the region’s banks, according to High Frequency Economics’ founder and chief economist, Carl Weinberg.In a March report on the global economy, Weinberg said EU leaders had deliberately delayed Greece’s restructuring, to the detriment of its economy, in order to … Continue reading

Pimco chief Mohamed El-Erian expects ‘second Greece’ in Portugal

Mohamed El-Erian, Pimco’s chief executive, said Portugal will need a second rescue as the original package of €78bn (£65bn) falls short, setting off a political storm over EU rescue costs. “Unfortunately, that is how it will be. It will make the financial markets nervous because they are worried about a participation of the private sector,” … Continue reading

Greece tops European arms importer ranks

Greece was Europe’s largest importer of arms between 2007 and 2011, according to a new report by the Stockholm International Peace Research Institute (SIPRI) released on Monday. Arms imports by Greece fell 18 percent compared to the 2002-06 period but Greece still ranked 10th internationally, falling from fourth place. Globally the volume of international transfers … Continue reading

Is Greece a Failed State?

Two years ago, Greece’s Prime Minister George Papandreou compared his country’s travails to “a new Odyssey.” Since then, about half a million Greeks have lost their jobs, tens of thousands of businesses have closed, the economy has shrunk by more than a tenth, Athens has witnessed several riots, and Papandreou’s government has collapsed. If Greece … Continue reading