Daily Archives: May 2nd, 2010

#274 | Latest austerity package has just been announced – further wage cuts, tax increases: welcome to Greece under the IMF

Greek finance minister Papakonstantinou has just announced (13.15. GMT+2) the latest package of public sector cuts and tax increases, delayed purposefully for after the Mayday demonstrations. These include: Three-year wage freeze across the country’s entire public sector Increases across the entire VAT range (now up to 23%) Increases in the price of spirits, tobacco and [...]

#273 | All politicians are personae non gratae, all politicians must go

It’s official, it seems – greek politicians are personae non gratae across the country; any public appearance of theirs only triggers more and more anger. In London, ex-minister of finance George Alogoskoufis was spotted at Heathrow airport, hissed and booed by a group of greek travelers – he had to be escorted to safety. In [...]