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Monday, April 8, 2013

Trial starts in lawsuit over Greek ship captain's death in Maine


Trial starts in lawsuit over Greek ship captain's death in Maine
Press Herald
PORTLAND — A trial began Monday in federal court in a wrongful death suit brought against the company that owns and operates a Portland marine terminal by the wife of Greek port captain who was crushed by a piece of heavy equipment in 2008.
Jury to decide if dock owner responsible in death of Greek port captainBangor Daily News

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Ancient Ink Called Key In New Analysis Of Long-Lost 'Gospel'

By: Stephanie Pappas, LiveScience Senior Writer Published: 04/08/2013 11:37 AM EDT on LiveScience A long-lost gospel that casts Judas as a co-conspirator of Jesus, rather...

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Here's The Best Workplaces In Greece


Greek Reporter

Here's The Best Workplaces In Greece
Greek Reporter
The Great Place to Work Institute Hellas has released its 11th annual survey of the Best Workplaces in Greece, featuring a range from health care to breweries and pharmaceutical businesses. In the survey, conducted with the academic support of ALBA ...


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Poseidon Brings SoBe Greek Cuisine With a Twist


Eater

Poseidon Brings SoBe Greek Cuisine With a Twist
Eater
Poseidon, SoBe's new Greek joint, opened up rather quietly about a week ago, but they're about to change that with their grand opening party on April 17. The spot's been brought to life up by two Greek brothers named Demetrios and Vasilis Pyliotis ...


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Greek bank shares plunge after merger plans called off


BBC News

Greek bank shares plunge after merger plans called off
BBC News
Shares in Greek banks have fallen up to 30% after plans to merge two of them were called off on fears the new entity would be too big to manage. National Bank of Greece (NBG) and Eurobank fell by 30% in morning trade, while Alpha and Piraeus lost up to ...


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Margaret Thatcher Predicted The Failure of the Euro in Forbes, October, 1992

Margaret Thatcher was indomitably outspoken against submerging all the European nationalities into a single superstate some 21 years ago when I interviewed her for a Forbes magazine article entitled "It just won't do. It's not big enough minded." The Iron Lady had a grander scheme in mind; a free trade area between and among North America and the European Community. What did we just elect our own Parliament for, she insisted sardonically; "Just to be a talking show?" On this score she was indomitable, ferociously scathing at the willingness of independent European nations giving up their autonomy to a bunch of bureaucrats in Brussels. She did not exactly predict the descent of the Euro, the financial crisis in Cyprus or the meltdown in most European sovereign securities or the need to bailout the banks of Italy, Spain and France. But, in a scathing tone, Lady Thatcher insisted to me that a single currency was impossible. It would never work. "Every single fixed exchange rate has cracked in the end. We're all at different levels of development of our economies. Some countries simply couldn't live up to a single currency... We should each of us be proud to be separate countries cooperating together." The turmoil in European currency markets that fall of 1992 was proof for Thatcher that a united Europe was meant to crumble. And indeed her prophecy 21 years ago has been borne out lately. The grand experiment of a single monetary system, a single economic policy, working towards a common defense policy, even a common foreign policy meant to her that "80% of Britain's economic decisions will be made in Brussels." Actually, it has been more the need of the European Central Bank and Germany to prop up the staggering debt-laden economies of Greece, Spain, Italy, France and try to devise stability for Cyprus. Imagine having banks in Cyprus become an Achilles heel for Europe. Thatcher would have been furious. And she doesn't exactly look wrong in her worry over the prospect of German domination of Europe-- though "domination" today means the helping hand of the giant strong economy of Europe. Thatcher was going to be damned if she made Britain subservient to Germany. Finally came this prediction; " Europe cannot do in the world without American leadership. There is no substitute for this great land sand the clear lead it can give." I walked out of the Carlyle Hotel that fall afternoon into the clear bracing air, knowing that I had just spent an hour with Margaret Thacher, one of the world's most indomitable personalities. She knew her mind more certainly than any other politician I had ever met or heard.

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Jury to decide if dock owner responsible in death of Greek port captain


Jury to decide if dock owner responsible in death of Greek port captain
Bangor Daily News
PORTLAND, Maine — A federal jury will decide whether the company that owns a Portland dock was responsible for the injuries that resulted in the death of a Greek port captain, or whether Ioannis Zagklara caused or contributed to the crushing accident ...


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Former Swedish MP: I was gay-bashed on vacation in Greece


San Diego Gay & Lesbian News

Former Swedish MP: I was gay-bashed on vacation in Greece
San Diego Gay & Lesbian News
Swedish actor and former MP Tasso Stafilidis says he was gay-bashed while vacationing in Photo credit: debatt.svt.se Swedish actor and former MP Tasso Stafilidis says he was gay-bashed while vacationing in Greece. ATHENS, Greece – Swedish actor and ...
Sweden's first openly gay MP gay bashed in GreeceGay Star News
Openly gay MP from Sweden attacked in GreeceXtra.ca (blog)
Gay Former Swedish MP Attacked on Greek VacationTowleroad

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Gay Former Swedish MP Attacked on Greek Vacation


San Diego Gay & Lesbian News

Gay Former Swedish MP Attacked on Greek Vacation
Towleroad
Born to Greek parents, Stafilidis, who hadn't visited Greece in seven years, said he had already noticed a shift in attitudes before being attacked. “These things go hand-in-hand when a country's prosperity collapses. The crisis makes people ...
Former Swedish MP: I was gay-bashed on vacation in GreeceSan Diego Gay & Lesbian News

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Stalled bank merger hits Greek stocks


Stalled bank merger hits Greek stocks
News & Observer
Greek Finance Minister Yannis Stournaras waves to reporters as he arrives at Maximos' Mansion to meet with Greek Prime Minister Antonis Samaras and the debt inspectors from the European Central Bank, European Commission and International Monetary ...


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Foodies go all Greek at Technopolis from April 12-14


Kathimerini

Foodies go all Greek at Technopolis from April 12-14
Kathimerini
The Technopolis cultural complex in the downtown Athenian neighborhood of Gazi (100 Pireos Street, Kerameikos metro station) will be showcasing authentic Greek products, cooking demonstrations combining tradition with innovation and creativity, and ...
Greek Flavors Festival at TechnopolisGreek Reporter

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Greece revs up in slow lane


Greece revs up in slow lane
Reuters Blogs (blog)
There's been plenty of bad news for heavily indebted Greece in the past three years – the banking crisis in neighbouring Cyprus being the latest of the country's woes – but not all the news is gloomy. MSCI's Greece index was one of the developed world ...


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The North Korean embassy – would you believe it's here?

While most foreign embassies occupy grand buildings in the Belgravia-Knightsbridge-Kensington triangle, North Korea has this inter-war semi in Ealing. How much does location matter in the diplomatic world?

A sign appeared this week outside a semi-detached house in Ealing, west London, requesting people not to park outside because "loading work" was due to take place. That wouldn't normally make the news, but the house does happen to be the North Korean embassy. As a result, it led to speculation that, given the state's current aggressive posturing, the occupants might be moving out.

That wasn't quite true – a new secretary is taking up residence – but it shone a light on the embassy's somewhat unusual location.

The vast majority of foreign embassies in London are located within stuccoed buildings in the Belgravia-Knightsbridge-Kensington triangle. Six nations – Russia, the Slovak Republic, Nepal, Lebanon, Israel and the Czech Republic – have their embassies on Kensington Palace Gardens, which is often said to be one of the world's most expensive residential streets. Julian Assange can almost touch Harrods from his first-floor window at the Ecuadorian embassy in Knightsbridge.

North Korea, meanwhile, has opted for a modest inter-war semi on Gunnersbury Avenue in the undiplomatic postcode of W5. (Spooks have presumably long ago noted that the office of Iraq's military attaché happens to be located a few doors down.)

In fact, on the Foreign Office's official list of embassies located in the UK, only Eritrea's – located just north of Angel tube station at 96 White Lion Street in Islington – rivals the North Koreans for being located outside London's diplomatic nexus.

"London is one of the few cities in the world that countries know they must have an embassy," says Richard Langhorne, professor of global politics and diplomacy at the University of Buckingham. "It is known in the diplomatic world as the 'whispering gallery' because of its importance as a political and financial centre. There is a practical convenience in being in west London, next to all the others. There is a lot of going between each other's embassies that takes place."

However, Langhorne says there is less attention paid today to the location and splendour of one's own embassy: "The idea that your embassy projects your status as a country is now fading. The location, cooking and furnishings used to be seen as a marker of the sending state. The era of competitive gastronomy, for example, began at the Congress of Vienna in 1814-15. It hasn't gone completely, but it is now dying out. There are some fairly tawdry embassies out there. Britain still has what is widely perceived to be the best embassy in the world with its palace in Paris. But in this age of cut-backs there has even been talk about the British looking for an alternative."

Earlier this month, the Greek government announced that it has sold the luxury Holland Park residence of its consul, which sits next door to its embassy, for £23.3m. Meanwhile, the US is in the process of leaving its famous embassy on Grosvenor Square and moving to a purpose-built $1bn embassy – with its own moat – on the South Bank.


"Debate about the importance and value of embassies to a country does come up from time to time," says Langhorne. "There was a trend in the 1970s of questioning their worth. Some countries even proposed having virtual or shared embassies. But most nations realised that this approach doesn't work. Ever since the Byzantine times, diplomats have served an importance function in sending crucial information back home. Even in today's internet era, you need a physical presence in the heart of a capital."

Or, in North Korea's case, within commuting distance.


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World's Riskiest Debt In Pictures

A look at some of the safest to the scariest sovereign bonds in the world as measured by their risk of default. The following country's bonds credit default swaps (CDS) are good gauges on the markets perception of risk. Greece, of course, is off the charts. But the US, while the most liquid bond market in the world, is not the safest. In this new world, Brazil bonds are better than France and China is as good as Japan.

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Greek bank stocks plunge as merger is frozen


Telegraph.co.uk

Greek bank stocks plunge as merger is frozen
Los Angeles Times
Greek officials insist that National Bank and Eurobank deposits will not be affected by the deal's suspension. Customers, however, remained jittery after a recent rescue plan in Cyprus saw European lenders recommend tapping private savings to bail out ...
Greek bank merger haltedMarketWatch
Greek bank shares plunge as merger called offTelegraph.co.uk
Greek bank stocks plunge after merger stalledCBS Moneywatch
MiamiHerald.com -Business Insider -Deutsche Welle
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Two rare Egyptian vultures poisoned in northern Greece


Two rare Egyptian vultures poisoned in northern Greece
EnetEnglish
Just 200km short of their destination and breading ground at Meteora, the two Egyptian vultures spotted and snatched up poison bait, illegally placed to kill foxes or wolves. The dead birds were located with a satellite transmitter that was attached to ...


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Greek Banks Suspend Merger Talks


BBC News

Greek Banks Suspend Merger Talks
New York Times
ATHENS — Shares in National Bank of Greece and Eurobank plummeted 30 percent Monday after the two banks suspended merger talks because they were unable to raise the required capital.
National Bank-Eurobank Merger PostponedTurkish Press
National Bank and Eurobank Fall as Merger Halted: Athens MoverBloomberg
Greek banks NBG, Eurobank face state rescueChicago Tribune
BBC News -Wall Street Journal -Telegraph.co.uk
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National Bank of Greece and Eurobank Suspend Talks

National Bank of Greece and Eurobank said they could not raise the necessary capital under the terms of Greece’s agreement with foreign lenders.


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Jewish leader questions Greece's place in EU


Jewish leader questions Greece's place in EU
EnetEnglish
Athens protesters hold a banner during a rally to protest against Golden Dawn and news members of the group are linked to racially-motivated attacks (Reuters) The president of the European Jewish Congress, has called on the European Union to expel ...
Study: Global anti-Semitism up by 30% in 2012JNS.org

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BRIEF-National Bank of Greece ADRs fall 20.8 pct premarket


BRIEF-National Bank of Greece ADRs fall 20.8 pct premarket
Reuters
Related Topics. Financials ». NEW YORK, April 8 | Mon Apr 8, 2013 8:20am EDT. NEW YORK, April 8 (Reuters) - National Bank of Greece : * U.S.-traded shares fall 20.8 percent to 57 cents premarket as it faces nationalization. Financials ...


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Greece's Eurobank says merger plan with NBG suspended


Greece's Eurobank says merger plan with NBG suspended
4-traders (press release)
Greek lenders National Bank (>> National Bank of Greece) and its unit Eurobank (>> Eurobank Ergasias SA) will be recapitalised separately, meaning their plan to merge will be suspended, Eurobank said on Monday. Greek lenders National Bank ...


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