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Iro Theophanides

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Kathimerini States Bad Greek Loans Likely to Exceed 31 Billion Euros

Bad loans at Greek banks in 2011 are likely to exceed 31 billion euros ($41 billion), or 12% of total loans, up from 10%...

Scrapped Bonuses Means Fewer Greek Gifts

Twice as many Greeks as last year say they have no additional income to spend over the holiday period, Kathimerini reported, citing a survey...

1 out of 5 Greeks Live in Poverty States Labor & Social Security Minister

One out of five citizens in debt- ridden Greece today lives in poverty.  This was stated by Greek Labor and Social Security Minister Louka...

Papandreou Attends EU-Africa Summit, Libya

The 3rd EU-Africa Summit opens in Tripoli, Libya on Monday. Approximately 80 European and African heads of state, the European Council, European Commission presidents,...

Citibank Closes 31 Branches in Greece

Citibank announced a large scale restructuring of its activities in Greece.  It closed 31 branches out of a total of 72 branches in its...

The Pan-Hellenic Seamen’s Federation Strike Continue – Union Calls off Garbage Strike

Adding to Greek woes, the union for seamen began a strike on Tuesday with plans to extend what had initially been a one-day...

Trade Unions’ Civil Suits Convene on Tuesday

A Council of State (CoS) plenum will convene on Tuesday to hear civil suits brought by trade unions.  The suits are against wage cuts and...

Georgios Sklavounos Museum Opens in Amfiklia-Elatia!

The municipality of Amfiklia in south central Greece that is now the Amfiklia-Elatia extended municipality, will inaugurate the Academician Georgios Sklavounos Museum.  The inaguration will take...

Government Finalized 2011 Budget Plan

The Greek government finalized decisions over a 2011 budget plan after a meeting between Finance Minister George Papaconstantinou and EU-ECB-IMF Troika officials in Athens...

Greece’s 2009 Budget Gap Hits 15.4% Of GDP, Eurostat Says

Greece’s 2009 budget deficit hit 15.4 of GDP, revised data provided Monday by Eurostat showed. The previous notification was at 13.6% of GDP The country’s government...

Greece Sells 390 MLN Euro 6-month Bonds, Rates Rise

Greece has today issued six-month state bonds worth 390 million euros at a yield up 28 base points compared to the previous auction in...

Apogeumatini Newspaper Files for Bankruptcy

 Apogeumatini newspaper owner Mr. Sarantopoulos filed for bankruptcy yesterday. After having submitted the appropriate documents in court and declared bankruptcy, the chairman of the company Mr. Black,...

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