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Friday, December 21, 2012

Finance: The great Greek gamble


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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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, GreeceGreece'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 recapitalizeRT
Top two Greek banks post nine-month lossesBangkok Post
Top Greek lender bank posts 2.45-bn-euro lossPress TV
Wall Street Journal -WSOC Charlotte
all 54 news articles »

READ THE ORIGINAL POST AT www.reuters.com

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 ...

and more »

READ THE ORIGINAL POST AT www.miamiherald.com

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.

READ THE ORIGINAL POST AT online.wsj.com

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 2013Financial Mirror
Greece's Eurobank posts one-billion-euro loss in Q3Bangkok Post
Greece's Eurobank posts third quarter loss, provisions hurtReuters UK
Reuters -Kathimerini
all 48 news articles »

READ THE ORIGINAL POST AT online.wsj.com

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 ...


READ THE ORIGINAL POST AT www.france24.com

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 2013Financial Mirror
Greece's Eurobank posts one-billion-euro loss in Q3Bangkok Post
Greece's Eurobank posts third quarter loss, provisions hurtReuters UK
CITY A.M. -Reuters -RT
all 44 news articles »

READ THE ORIGINAL POST AT online.wsj.com

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 ...

and more »

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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 - ReportCapital.gr (press release)

all 9 news articles »

READ THE ORIGINAL POST AT economictimes.indiatimes.com

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 ...


READ THE ORIGINAL POST AT greece.greekreporter.com

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 BoostWall Street Journal
Greek bank reports further lossesIrish Times
TEXT-S&P affirms NBG, Eurobank, Alpha, Piraeus at 'CCC/C'Reuters
Oman Daily Observer -4-traders -Kathimerini
all 30 news articles »

READ THE ORIGINAL POST AT rt.com

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 ...


READ THE ORIGINAL POST AT www.ekathimerini.com

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.



READ THE ORIGINAL POST AT www.reuters.com

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 ...


READ THE ORIGINAL POST AT www.newsday.co.zw

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.


READ THE ORIGINAL POST AT www.nola.com

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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READ THE ORIGINAL POST AT www.democratandchronicle.com

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, ...

and more »

READ THE ORIGINAL POST AT www.businessweek.com