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Angela Merkel does not see a new haircut for Greece

What is the real concern of the Staff of the German Chancellor?

The debate over the Greek debt haircut continues in German media but what seems to be of a greater concern for Merkel’s team is the political strength of the Greek government before and after the German elections.

For the second time in a week the German Chancellor said she does not see a new haircut for Greece, according to Deutsche Welle. In today's interview with the Ruhr Nachrichten newspaper, Merkel says "no, I do not see such a new haircut for Greece. We take one step at a time and we do not hide the fact that a lot of things should change in Greece, but on the other hand, we see clear progress and recognize it. In some areas things in Greece are going much better than a year ago."

  • Published in Greece

PPC debacle in Santorini with two blackouts in 72 hours

PPC management outrageously absent for the fourth day - No electricity for the No. 1 tourist destination in Greece - Interior and Tourism ministers in Santorini

An unbelievable debacle for PPC is evolving in recent days in Santorini as within 72 hours there were two general blackouts amid the peak of the tourist season and the international media are focusing on Greece after the fire at the factory production in Monolithi.

The latest blackout occurred Thursday evening, a little before 9 pm, due to a damage to the capacitor in the factory where an explosion occurred on Tuesday. Reportedly, the electrification of the island returned to 50% in the wee hours today.

  • Published in Greece
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