Finance: The great Greek gamble Financial Times The trade in Greek government bonds, which saw a handful of canny investors double their money, has been the single most successful hedge fund bet in two years – a period during which most hedge fund managers have struggled to navigate rocky markets ... |
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Friday, December 21, 2012
Finance: The great Greek gamble
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2nd time lucky? Greece gets list of Swiss bank depositors from France, forwards to prosecutor
ATHENS, Greece - Greece's finance ministry says French authorities have once again given it details of Greeks with bank accounts in Switzerland for use in investigating possible tax evasion, after an original list was ignored, misplaced and discredited.
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Greek court gives life sentences to 2 convicted of dealing in illegally excavated antiquities
THESSALONIKI, Greece - A Greek court has imposed life sentences on two men convicted of dealing in ancient treasure worth an estimated €12 million ($15.85 million), which had been illegally excavated from a cemetery in northern Greece.
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2nd time lucky? Greece gets list of Swiss bank depositors from France ...
2nd time lucky? Greece gets list of Swiss bank depositors from France ... Fox News ATHENS, Greece – Greece's finance ministry says French authorities have once again given it details of Greeks with bank accounts in Switzerland for use in investigating possible tax evasion, after an original list was ignored, misplaced and discredited. |
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UPDATE 2-Losses widen at Greek banks NBG and Alpha as slump bites
RT | UPDATE 2-Losses widen at Greek banks NBG and Alpha as slump bites Reuters ATHENS, Dec 21 (Reuters) - Greek banks National and Alpha posted wider nine-month losses as the debt-laden country's deep recession pounded their loan books and higher funding costs squeezed net interest income. With the economy shrinking at an ... Leading Greek banks in the doldrums and need over $17bn to recapitalize Top two Greek banks post nine-month losses Top Greek lender bank posts 2.45-bn-euro loss |
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2 Greeks jailed for life over illegal antiquities
2 Greeks jailed for life over illegal antiquities MiamiHerald.com (registration) THESSALONIKI, Greece -- A Greek court has imposed life sentences on two men convicted of dealing in ancient treasure worth an estimated (EURO)12 million ($15.85 million), which had been illegally excavated from a cemetery in northern Greece. The court ... |
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Greece's Top Banks Need $36 Billion
Greece's four largest banks need a capital boost of more than $36 billion to overcome the impact of the country's sovereign debt write-down as they battle to stem growing losses.
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Greece's Top Banks Need $36 Billion Boost
Bangkok Post | Greece's Top Banks Need $36 Billion Boost Wall Street Journal A mammoth €200 billion debt restructuring completed by the country earlier this year wiped out the capital base of Greece's top lenders—National Bank of Greece SA (NBG), Eurobank Ergasias, Alpha Bank AS and Piraeus Bank SA —forcing them to appeal to ... GREECE: Eurobank, Piraeus braced for more bad debt in 2013 Greece's Eurobank posts one-billion-euro loss in Q3 Greece's Eurobank posts third quarter loss, provisions hurt |
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Greece: Eco-cruise NGO in fraud probe
Greece: Eco-cruise NGO in fraud probe Huffington Post ATHENS, Greece — Authorities in Greece say 14 people have been arrested in a major fraud investigation into a non-profit group that organized a series of environmental conferences on cruise ships attended by religious leaders and renowned experts. |
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Top two Greek banks post nine-month losses
FRANCE 24 | Top two Greek banks post nine-month losses FRANCE 24 A woman passes by a closed branch of Greece's National Bank in Athens on February 23, 2011. Greece's biggest lender National Bank on Friday said it had posted a nine-month loss of 2.45 billion euros ($3.2 billion) while number two Alpha Bank said it ... |
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Greece's NBG, Alpha Need Combined EUR14.3 Bln Capital Boost
Bangkok Post | Greece's NBG, Alpha Need Combined EUR14.3 Bln Capital Boost Wall Street Journal ATHENS--Greece's largest lender National Bank of Greece SA (NBG) and peer Alpha Bank (ALPHA.AT) said Friday they need combined capital boost of 14.3 billion euros ($18.9 billion) to overcome the impact of the country's sovereign debt writedown and ... GREECE: Eurobank, Piraeus braced for more bad debt in 2013 Greece's Eurobank posts one-billion-euro loss in Q3 Greece's Eurobank posts third quarter loss, provisions hurt |
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Green group charged with fraud in Greek crackdown
Green group charged with fraud in Greek crackdown Reuters ATHENS (Reuters) - Greek prosecutors have filed fraud charges against members of an environmental group, court and police officials said on Friday, as Athens tries to show its international lenders that it is cracking down on corruption. The charges ... |
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Greece set to return to growth in 2014: European Central Bank official
Greek Reporter | Greece set to return to growth in 2014: European Central Bank official Economic Times "Greece will probably be able to show economic growth again in 2014," ECB executive board member Joerg Asmussen told the regional daily Rheinische Post in a pre-release of an interview to published in the newspaper's Saturday edition. "Those who at ... ECB's Asmussen: Greek Economy Likely to Grow in 2014 - Report |
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5 Must Taste Greek Christmas Recipes
Greek Reporter | 5 Must Taste Greek Christmas Recipes Greek Reporter The best part is anxiously expected Christmas table where Greeks gather with friends and family to enjoy traditional recipes passed on from generation to generation. The basic Christmas menu differs from region to region across the country with local ... |
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Leading Greek banks in the doldrums and need over $17bn to recapitalize
RT | Leading Greek banks in the doldrums and need over $17bn to recapitalize RT The two largest banks in crisis-stricken Greece need a total of €13bn ($17.2bn) to recapitalize, as they took huge losses in the country's debt restructuring. Greece's second largest bank by assets, Eurobank, needs €5.8bn, with the fourth largest ... Leading Greek Banks Need $17.2 Billion Capital Boost Greek bank reports further losses TEXT-S&P affirms NBG, Eurobank, Alpha, Piraeus at 'CCC/C' |
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In Greek migrant camp, refugees find tough road to Europe
Kathimerini | In Greek migrant camp, refugees find tough road to Europe Kathimerini It was another frustrating morning on the front lines of another Greek crisis: the arrival of desperate refugees from Afghanistan, and now Syria, fleeing bombs and war for the shores of a country ill prepared to welcome them. At least 18 migrants were ... |
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Greeks flock to informal work as recession deepens
ATHENS (Reuters) - Greek dietician Reggina knew she had little choice when her boss told her she could keep her job at a health center only if she agreed to getting part of her salary off the books.
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Greece faces critical year
Greece faces critical year NewsDay LONDON – Greece is facing a critical year that hinges on its three-party ruling coalition sticking together and following the bailout programme agreed with the European Union and the International Monetary Fund (IMF), Finance minister Yannis Stournaras ... |
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A crumbling Greek Revival house in the Garden District proves to be an ...
NOLA.com | A crumbling Greek Revival house in the Garden District proves to be an ... NOLA.com Ross McWilliams and Jim Simpson thought that they were finished with old-house renovations by the winter of 2010. Having completed the overhaul of an 1830s Federal-style home in Washington, D.C., they weren't keen on taking on yet another project. |
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Greece resident, 89, credits YMCA for keeping him 'youthful'
Greece resident, 89, credits YMCA for keeping him 'youthful' Rochester Democrat and Chronicle Frank Russotti, 89, of Greece works out at the Northwest YMCA in Greece. He visits the facilities three times a week to work out. He says keeping fit is the key to a young body, soul and mind. / MARIE DE JESUS//STAFF PHOTOGRAPHER ... |
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If You Bought Greek Bonds in January You Earned 79%
If You Bought Greek Bonds in January You Earned 79% Businessweek Investors bold enough to buy junk- rated Greek bonds in January have earned twenty times more than owners of top-rated German debt this year even after the biggest ever sovereign restructuring. Greek government bonds returned 79 percent this year, ... |
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