Plunging Greek Wages Crater Q2 Disposable Income By 9.3%, Government Borrowing Rises To Record by zerohedge Can someone please explain this whole "Grecovery" concept to use because neither we, nor apparently the people of Greece which are not only unemployed and broke, but have negative savings, and collapsing wages, social benefits and disposable income, seem able to understand it. Here is the latest absol ...

ATHENS — In an era when central bankers like Ben S. Bernanke dominate the global economic stage, few hold as much power within their own country as Georgios A. Provopoulos, the governor of the Bank of Greece, who has played a crucial role in keeping Greece out of bankruptcy and in the euro zone. But now Mr. Provopoulos faces one of the bigger challenges of his tumultuous reign: an investigation into whether ...

The conservative government of Antonis Samaras claims to be cracking down on “extremism”. But what skeletons does the Prime Minister hide in his closet?   Video by Ross Domoney, Klara Jaya Brekke and Dimitris Dalakoglou for the City at a Time of Crisis research project. Illustration by Latuff. The Greek Prime Minister, Mr Samaras, is currently visiting the USA. He arrived here in the immediate aftermat ...

The only way to stop the fascists profiting from the breakdown of the Greek state is to offer a socialist alternative to capitalism. Greece – and the rise of Golden Dawn – is an extreme parable of what has happened to many developed countries since the global crisis broke out in 2007. The policies of the Greek "rescue" – where the Greek people had no inkling what was afoot until the agreement was signed in ...

A fortnight ago, Golden Dawn was feeling smug. Greece's neo-Nazi party was riding high in the opinion polls at about 15%, double what it got in last year's election. ...

Dimitris Kousouris is one of the first political victims of Golden Dawn attacks. On June 16th, 1998, in a café outside the courts of Athens, he was attacked brutally by a group of Golden Dawn members. He had to go through a difficult brain surgery and he barely escaped death. The attackers were identified by Kousouris and his friends. The main perpetrator was back then nr 2 in the leadership of Golden Dawn, ...

27 anti-goldmine activists in the area of Chalkidiki are charged with the same accusation as the Golden Dawn: formation of a criminal organisation. Of course no weapons or ammunition have been found in their possession, nor have they been laundering money and blackmailing for cash as the Nazi gang. Without any specific action being linked with specific persons in the prosecutor’s call, the activists are acc ...

The authorities in Greece have long been aware of this neo-Nazi group. So why are they only now taking action? ...

Leader and senior members of far-right party held on charges of founding a criminal organisation. Greek police have arrested the leader and other senior members of the far-right Golden Dawn party on charges of founding a criminal organisation. ...

Unions, parties and other groups called for mass rally against Golden Dawn. 'Pavlos lives! Crush the nazis!' was the main slogan chanted at the demonstration, which got underway on Syntagma Square at 6pm. Metro stations in central Athens are closed because of the rally. ...