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Greece: Residents Revolt Against Financial Police

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- Allianz: If you break down the euro and the Eurozone, Europe will become 50% poorer.

The Eurozone is moving headlong towards closer fiscal and political union, despite the difficult road that is ahead. The main reason for this perspective is the effect on both the periphery and the core. Splitting the cost is so high that it does not compare to the rescue and more convergence.

According to the latest report by the chief economist of the German insurance group Allianz, Stefan Hofrichter, if Greece left the euro, then the impact on the periphery of the Eurozone would be 25-50% and for each subsequent year, the contraction would exceed 5%. For the core countries, the cost would be 3-5% for the first year and 1% in subsequent years.


- A major wildfire at the Karyes site on the island of Chios erupted early on Saturday and continues to rage for a fourth consecutive day. The fire abated on Sunday, but strong winds continue to threaten the area. There are no reports of damage to homes, but the fire has destroyed thousands of hectares of forest, including 40% of mastic trees. Soldiers and volunteers helped 120 firefighters continue to fight the blaze, backed by 50 fire trucks and 11 water tankers.

Fires were also reported in the prefecture of Irakleio on Crete, Mani in the southern Peloponnese, and Kechries in Corinthia.


- Despite the economic crisis, there is a 30% increase in Greek students opting for university studies abroad, mostly in Italy, the UK, and neighboring Balkan countries. While Greek universities are free, they rate poorly on world university listings.

In Thessaloniki, it is reported that due to the economic crisis, migrations to Germany have increased as well. On average, there are 20 new migrations per week, mostly women.


- A country-wide program persecuting and deporting immigrants is a high priority throughout Greece. In the city of Volos in northern Greece, the Police Department of Magnesia, Municipal Police, and the Volos Urban Area Office of Sanitation had orders for the direct removal of Bulgarians and other immigrantsliving in miserable conditions and allegedly posing a serious risk to public health. Tons of garbage and other materials have been removed from these areas and various suspected stolen objects are being investigated by the police and will be returned to their rightful owners. Around 40 people were arrested.


- Employees of the Serres Hospital occupied the office of the Governor of the hospital at 11:30 Monday morning to protest the delay in payment of compensation for overtime, night work and holidays. In a previously held General Assembly of the Association of Hospital Workers -- Serres, the decision was made to gain entry and occupy the Governor's office.

The government-of-the-regime's policy to withhold payment to state employees will lead to more actions of this nature and to the closing of hospitals, which will effectively hurl Greece towards third-world status.


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Linda Ross aka greydogg is a blogger at 99GetSmart
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stamp, then straight to prison after a brief show ... by Mark Adams JD/MBA on Wednesday, Aug 22, 2012 at 4:07:21 PM
Greece is a great example of what collapse in the ... by Ethan Hollow on Thursday, Aug 23, 2012 at 2:20:37 PM