Pages

Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Wednesday, September 19, 2012

Portugal risks social unrest over taxes, warns union chief

UGT union head João Proença tells Portuguese PM that tax move will fuel type of social strife seen in Greece

Portugal will suffer the kind of social unrest that has happened in Greece unless new tax rises are abandoned, the leader of its second largest union warned on Wednesday.

João Proença, head of the UGT union (General Union of Workers), said that workers would not accept a planned raise in their social security contributions from 11% to 18%.

After meeting Pedro Passos Coelho, the prime minister of Portugal, Proença declared that such "sacrifice" was not acceptable.

He said: "In addition to increasing social strife in the country, the measure will bring us closer to the situation in Greece, and on top of that there is a serious risk …that we return to a grave political crisis."

But Wolfgang Schäuble, Germany's finance minister, remarked on Portugal's progress since taking a bailout in May 2011. In a joint statement with the Portuguese finance minister Vitor Gaspar, the pair said competitiveness was improving, government spending was "now under control" and the structural deficit was falling.


guardian.co.uk © 2012 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds


READ THE ORIGINAL POST AT www.guardian.co.uk

New York state honors Greece library


New York state honors Greece library
Rochester Democrat and Chronicle
Charlene Maloney of Spencerport and her daughters Bethy, 9, and Claire, 4, use a do-it-yourself checkout during the summer at the Greece Public Library. / Jamie Germano/Staff Photographer. Written by. Meaghan M. McDermott. Staff writer. Filed Under ...
Greece Public Library receives Library Excellence AwardGreece Post

all 2 news articles »

READ THE ORIGINAL POST AT www.democratandchronicle.com

Greece: Unemployment Climbs Steadily; So Do Prices


OpEdNews

Greece: Unemployment Climbs Steadily; So Do Prices
OpEdNews
The atmosphere in Greece is getting more electric. The puppet government and the representatives of the loan sharks are coming and going from office to office, from building to building, allegedly "negotiating' the terms of the Memorandum. Everyone ...


READ THE ORIGINAL POST AT www.opednews.com

Greece man pleads not guilty to setting blaze that injured 3 firefighters


Greece man pleads not guilty to setting blaze that injured 3 firefighters
Rochester Democrat and Chronicle
A Greece man has been accused of starting a house fire that injured three Rochester firefighters last week. David M. Borreggine, 27, of Limerick Lane, was charged with one count of third-degree arson and three counts of second-degree assault in ...


READ THE ORIGINAL POST AT www.democratandchronicle.com

Portugal union warns of strife over tax hike

To match Interview PORTUGAL/UNIONSLISBON (Reuters) - Portugal's second largest union wants a complete revision of tax hikes planned by the government and warned on Wednesday that social strife could rise because of the new austerity measure, bringing the country closer to the situation in Greece. "For us, there has to be a complete revision of this measure," UGT union head Joao Proenca told reporters after meeting with the prime minister to discuss the measure. "That much sacrifice is not admissible. ...



READ THE ORIGINAL POST AT news.yahoo.com

Eurozone crisis live: Greece plans to sell off diplomatic buildings

Overnight the Bank of Japan became the latest central bank to launch a new stimulus package, in an effort to stimulate demand



READ THE ORIGINAL POST AT www.guardian.co.uk

Greece Athena's Brian Smith headed to Pittsburgh


Greece Athena's Brian Smith headed to Pittsburgh
Rochester Democrat and Chronicle
When Brian Smith decided that he would run track at the University of Pittsburgh after he graduates from Greece Athena next spring, it was probably nowhere near a secret. And it had little to do with Smith's activity on Twitter. “Everyone knew I wanted ...


READ THE ORIGINAL POST AT www.democratandchronicle.com

Greek PM to Meet Coalition Partners Thursday on Cutbacks


New York Times

Greek PM to Meet Coalition Partners Thursday on Cutbacks
Wall Street Journal
According to finance ministry officials, so far only about half of the total package has been agreed to, with the troika citing concerns over the Greek government's ability to deliver many of those spending cuts. But with time pressing, Greece's ...
Greek central bank chief takes extra salary cut - sourceReuters
Euro or No, Economics of Everyday Greek Life Is ErodingNew York Times
Greek economy to slim by around 25 percentAlbany Times Union
The Guardian
all 331 news articles »

READ THE ORIGINAL POST AT online.wsj.com

Germany's big worry: China, not Greece


The Guardian

Germany's big worry: China, not Greece
Reuters
So it comes as a surprise to find that in Berlin's corridors of power, the main worry is not whether Greece sticks to its reform pledges or Spain demands an EU bailout. As the world's third largest exporting nation, Germans are far more concerned about ...
Merkel underlines desire to keep Greece in eurozone, but offering no new ...Washington Post

all 617 news articles »

READ THE ORIGINAL POST AT www.reuters.com

Most Greeks reject austerity attached to bailout aid, but support euro

An overwhelming majority of seven out of ten Greeks reject harsh austerity attached to bailout agreements with international lenders which keep debt-ridden Greece afloat since 2010, according to a new opinion poll released in Athens on Tuesday.

READ THE ORIGINAL POST AT www.globaltimes.cn

Euro or No, Economics of Everyday Greek Life Is Eroding

Even if Greece gets yet another lifeline from its European partners, many Greeks have reached their own conclusion: It doesn’t matter, because of deep-seated problems.


READ THE ORIGINAL POST AT www.nytimes.com