New Troika Demands: Firings, Pay Cuts, Slashed Health and Defense Spending

ATHENS – There just seems to be no good news for Greeks these days. Even ...

Police Arrest Village Priest, Church Elder, Over Chancel Treasure Big

Police in northern Greece have arrested a village priest and a church elder for allegedly digging for treasure around the altar in the church. A police statement on Friday says villagers complained of loud drilling noises late yesterday from the church at Fyska near Kilkis, some 50 kilometres north of Thessaloniki. Officers found a two-by-one-meter [...]

Christine Lagarde: Not Sutisfied With Greek Reforms

Christine Lagarde: Not Sutisfied With Greek Reforms

Christine Lagarde, head of the International Monetary Fund (IMF), has reiterated her commitment to reducing Greece’s debt to GDP ratio to 120% by 2020. However, in an interview with Bloomberg TV, the IMF chief said she was not “terribly optimistic or positive” about the the progress made by greek authorities so far. Christine Lagarde said [...]

New Strong Tremor in Crete

A latest tremor of 5.2 on the Richter scale was registered last night off the island of Crete, 46 kilometres south-east of Santorini.The epicentre of the earthquake was located 13 kilometres below the ground. The Athens Geodynamic Institute says that the quake occurred at 03:33 local time. An initial tremor of 5.3 on the Richter [...]

Papandreou Fiddles While PASOK Disintegrates

ATHENS – While former Prime Minister George Papandreou was in Costa Rica addressing the Socialist International conference as its leader, the PASOK party he still heads – if only for a while and under constant pressure to quit – and which his father, the late former Premier Andreas Papandreou formed in 1981, is vanishing. Less [...]

Karadzic Calls For Carolos Papoulias To Give Evidence on His Case

Former Bosnian Serb leader Radovan Karadzic asked the International Criminal Tribunal for the former Yugoslavia (ICTY) on Tuesday to issue a subpoena compelling the Greek President Carolos Papoulias to give a one-hour interview to Karadzic’s advisor. According to the former Bosnian Serbian leader, Carolos Papoulias, who had served as Foreign Affairs Minister from 1993 to [...]

Minister of Education Sends “Europe SOS” Letter To Romano Prodi

The Greek Minister of Education sent a letter to the former PM of Italy and former president of the European Commission Romano Prodi, asking for the promotion of a “Europe SOS” initiative that will aim at reversing the financial crisis plaguing the Eurozone countries. During their earlier phone conversation, Mrs. Diamantopoulou spoke with Mr. Prodi [...]

Dimon: The Direct Impact of a Greek Default is Almost Zero

Τhe impact of a Greek default on American banks is negligible, JP Morgan Chase CEO Jamie Dimon told CNBC on Thursday, and while there are chances of a bad outcome in Europe, he is not concerned about unpleasant surprises in the region. “The direct impact of a Greek default is almost zero,” Dimon said. “The [...]

Olli Rehn: More Public Money Needed for Greek Bailout

Olli Rehn: More Public Money Needed for Greek Bailout

The European Union΄s top economic official said on Thursday that more public money will be needed to make up a shortfall in a second bailout for Greece, if private bondholders agree to take a share of losses. Economic and Monetary Affairs Commissioner Olli Rehn told Reuters that euro zone governments and EU institutions would need [...]

Conservative Opposition In Lead, New Party Gains – Poll

Conservative Opposition In Lead, New Party Gains – Poll

Greece’s opposition New Democracy Party continued to hold a double-digit lead over the Socialist party, a new opinion poll showed Thursday, while also confirming growing strength in a new left-wing party. According to a poll conducted for the privately owned Star television channel, the conservative New Democracy Party would garner 21.7% of the vote if [...]

Venezuelan Ambassador Visits Prefecture of Thessaly

The Ambassador of the Bolivarian Republic of Venezuela to Greece, Mr. Rodrigo Oswaldo Chavez Samudio, has met with the Prefect of Thessaly, Mr. Costas Agorastos, in the latter’s office in Larissa on Wednesday. According to Mr. Chavez, the meeting aimed to bring the Venezuelan Embassy closer to the Prefecture of Thessaly, and examined the emerging [...]

EU Commission Asks Greece and Cyprus To Comply With EU Landfill Legislation

The European Commission has sent a request to both Greece and Cyprus asking for their immediate compliance with the requirements of the EU landfill legislation. Landfills that breach the EU waste legislation pose a threat to human health and the environment, a warning which the two countries are called to respond to within the following [...]

Hellenic Fertilizers – ELFE is The Only Greek Industry Producing Chemicals and Fertilizers

Hellenic Fertilizers – ELFE is a mainstay of the Greek industrial sector, having succeeded in making its name synonymous with the growth of Greek agriculture. ELFE is continuously widening its presence in Greece, while strengthening its position in the vast – and in deficit – international fertilizer market. Today it is the leader in the [...]