What will Angela Merkel be doing this morning? Will she be clinging, white-knuckled to her kafe, chasing her Bockwurst round her plate, waiting to hear that the Greeks have passed their austerity budget? If today’s vote in Athens is a vote on Greek bankruptcy and the future of eurozone, it’s because the German Chancellor [...]
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Head of Greek Catholics Appeals To Pope Hor Help In Crisis
“I hope my appeal will reach the pope,” Francesco Papamanolis said in an interview with the Italian daily Il Messaggero. “We need aid to help the people. The social situation is tragic.” The head of the Greek Bishops’ Conference said the hospital on the island of Syros, where he is bishop, has no heat [...]
Italy’s Prime Minister Offers Praise for Greece and Optimism About Euro Zone
Prime Minister Mario Monti of Italy said Friday that Greece’s government had made a “remarkable effort” to reach new austerity agreements with lenders to avoid a calamitous default, and that he did not believe that Greece would withdraw from the 17-nation group of European countries that use the euro currency, as some economists have forecast. In a meeting [...]
Cabinet Approves Debt Deal After PM Warns of ‘Chaos’
The Greek cabinet approved a draft bill spelling out reforms required by the EU and the IMF on Friday, taking Athens closer to getting a new 130 billion-euro bailout after the prime minister warned the alternative was “catastrophe”. All eyes will now be on parliament, which is scheduled to vote on the bill on Sunday. [...]
Papademos Says He Will Remove Dissenters Because Default Would Bring Misery
ATHENS – Facing a growing mutiny in his shaky coalition government against austerity measures demanded by international lenders in return for a second bailout to keep Greece from going bankrupt, interim Prime Minister Lucas Papademos has told any dissenters they’ll be fired unless they support him. With time fast running out to save the bankrupt [...]
ASE: Nervous Breakdown in Athens
The involvement of the Eurogroup Thursday and overwhelming domestic political developments forced serious losses in the Athens Stock Exchange on Friday, with the General Index, however, maintaining a positive sign and the weekly “contact” with the 800 units. The trading began with pressures in the “aftermath” of the treatment applied by European partners to Greece, [...]
Greek Pirate Party Enters Greek Political Life
“The Pirate Party, which campaigns for open access to technology and Internet freedom, has established a political presence in Greece”, as Bloomberg reports. Based on the model of the Swedish Pirate Party, it supports reform of copyright law, the abolition of patents, and respect for privacy. Pirate Party’s members have already organized their first protest [...]
Former President of Macedonian Studies Association Passes Away
The former President of the Macedonian Studies Association and Professor Emeritus of the Law School of Aristotle University in Thessaloniki, Constantine Vavouskos, passed away on Friday. Mr. Vavouskos was also Grand Archon of the Ecumenical Patriarchate and corresponding member of the Athens Academy. The funeral service will take place on Saturday, February 11, at the [...]
S&P:Greece Retroactive CAC Would Constitute Selective Default
Standard & Poor’s Ratings Services said today that under its ratings criteria, application of retroactive “Collective Action Clauses” (CACs) affecting the timing or amount of debt service payments on outstanding Greek-law governed sovereign debt would constitute a selective default. Were such CACs implemented, Standard Poor’s would lower the sovereign credit rating (the issuer credit rating) [...]
Greece Must Decide: In or Out of the Eurozone
ATHENS – With international lenders continuing to withhold aid until the Greek Parliament ratifies austerity measures agreed on by the country’s shaky coalition government, Finance Minister Evangelos Venizelos said the country now has to decide whether it wants to stay in the Eurozone of the 17 countries using the euro as a currency or return [...]
Abbot Ephraim’s Release Petition Rejected
A court of appeals judge assigned the case of Vatopedi Monastery Abbot Ephraim, rejected a petition on Thursday filed by the defendant requesting to be released, stressing that he does not meet the necessary preconditions. Ephraim requested his release, citing health reasons and maintaining that he is innocent of the charges against him. Abbot Ephraim [...]
Greek Ministers Resign
Ministers from a far-right party in Greece’s coalition government have offered their resignation to Prime Minister Lucas Papademos, the Athens News Agency said on Friday. It is now up to Papademos to decide whether he will accept them, ANA said, without citing a source. The far-right LAOS party, which has refused to vote in favour [...]
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02 / 11 The Telegraph: Merkel Has Herself to Blame if Greece Defaults
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02 / 11 Head of Greek Catholics Appeals To Pope Hor Help In Crisis
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02 / 11 Italy’s Prime Minister Offers Praise for Greece and Optimism About Euro Zone
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02 / 11 Cabinet Approves Debt Deal After PM Warns of ‘Chaos’
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02 / 10 Papademos Says He Will Remove Dissenters Because Default Would Bring Misery
Calendar – Exhibits, Concerts, Fun
- Lecture on Human Values by Academic Helene Glykatzi-Arhweiler February 8, 2012
- 3rd Annual Greek Shipping Forum to Be Held in Athens February 8, 2012
- 11th Athens Xclusive Designers Week in March February 7, 2012
- Australian Embassy in Athens Celebrates Australia Day February 4, 2012
Salonica
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Athens
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