Crisis talks on a debt deal for Greece among the three leaders of parties supporting the coalition government were suspended and will continue on Monday. The three party leaders held a five-hour meeting late Sunday with Prime Minister Lucas Papademos to hammer out a deal with debt inspectors representing eurozone countries and the International Monetary [...]
International Survey Reveals Greece’s Bad Payment Behavior
The 10th edition of the Atradius Payment Practices Barometer focuses on Greece, examining the primary aspects of the country’s trade credit supply and management, as well as the payment behaviour of its international and domestic trading companies. Greece’s volatile economic and financial situation shows through clearly in this survey, which demonstrates how a relatively strong [...]
Angry Youths Attack House Of Greek President Papoulias
Late on Saturday evening, a group of between 30 and 50 youngsters attacked the house of President Karolos Papoulias. The result of the attack was some minor damage to the entrance of the house at Asklipiou Street in central Athens, and to the car that Papoulias uses. The hooded youngsters, who arrived by motorbike and [...]
02/05/2012: Latest Greek Super League Results with Video
Olympiakos moved to within two points of Greek league leader Panathinaikos after winning 2-0 at PAOK on Sunday from goals by Djamel Abdoun and Kevin Mirallas. Abdoun scored in the fifth minute and Mirallas found the net in the 18th. In other action: Ergotelis – OFI 0 – 1 Kerkyra – PAS Giannina 1 [...]
Political Leaders Meeting On Loan Deal Begins
A crucial meeting between Greece’s political leaders on terms demanded by international creditors in exchange for further financial assistance started Sunday in Athens. Leaders from the Socialists, conservative New Democracy, and small nationalist party Laos arrived at the office of Prime Minister Lucas Papademos in a bid to find common ground on the terms of [...]
Most Germans Want Greece to Quit Euro
The majority of Germans feel the euro currency bloc would be better off if debt-crippled Greece left it, a poll published in mass-selling newspaper Bild am Sonntag showed on Sunday. The Emnid poll said 53 percent of Germans surveyed thought Greece should return to its former currency, the drachma, while only 34 percent felt it [...]
Countless Treasures Found in the Excavations for the Subway in Thessaloniki
Macedonians discovered a valuable treasure hid in the bowels of the earth, thanks to the methodical excavations undertaken in the construction of the Thessaloniki metro. Many artifacts found in the excavation, from items such as gold hoops, benches, and thousands of everyday objects, up to whole churches, remnants of the glorious, long history of Thessaloniki, have come to light. The excavations were completed by the end of the year, leaving behind thousands of “mosaics” of cultures that flourished in the city. Archaeologists are revealing a palimpsest of the city, a city that has undergone constant and continuous phases of [...]
Juncker: No More Help For Greece if Greece Can’t Reform
Eurogroup head Jean-Claude Juncker told Germany’s Spiegel magazine in an interview pre-released on Saturday that help for Greece won’t be coming at any cost and explicitly threatened the country with bankruptcy if it doesn’t get its act together. He said, should Greece fail to implement necessary reforms, then it should not expect acts of solidarity [...]
Venizelos: Greece Has 24 Hours to Clinch Debt Deal
Greece has one day left to clinch a eurozone bailout and a bond swap with creditors to manage its crushing debt repayments, the finance minister said Saturday, warning that talks were “on a knife edge.” “The moment is very critical,” Evangelos Venizelos told reporters, after a telephone conference with fellow eurozone finance ministers, which he [...]
Potato Farmers Hand Out Ten Tons of Potatoes To Thessaloniki Residents
Over 10 tons of potatoes were distributed in Nevrokopi to residents, a gift from potato growers from Drama, who arrived early Saturday morning at Thessaloniki International Exhibition Centre, carrying out the 24th Agrotica.Despite the bitter cold and drizzle, the inhabitants of Thessaloniki rushed to get sacks of potatoes, which were carried on foot or by bicycle.The [...]
Greek Public Sector Owes Itself 20 Billion Euros
According to the financial data publicized by Deputy Finance Minister Filippos Sachinidis, maturities of the Greek Public Services and Organizations to the Greek state reached 20.5 billion Euros in 2011, in comparison to 22.4 billion Euros in 2010. Fifteen billion Euros of these maturities belong to businesses that are either directly or indirectly controlled by [...]
Dora Bakoyiannis and Anna Diamantopoulou Booed By Protesters
Dora Bakoyiannis received the strong disapproval of the people of Thermaikos while entering the mayoral building in order to attend the meeting of the Municipal Chamber that had invited her. Members of the Independent Initiative of the People of Thermaikos gathered outside the building bearing a placard reading “They sell away our lives, awake our [...]
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Calendar – Exhibits, Concerts, Fun
- Greek-Australian Conferences in Thessaloniki, Lemnos June 18, 2013
- 35th River Party at Aliakmonas June 18, 2013
- Greece Keeps On Running in Crete June 17, 2013
- Mount Athos Area Gourmet Ends in Success June 17, 2013
