Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros
Wednesday, January 8, 2014
I Joined A Fraternity And It Was One Of The Best Decisions I Ever Made
Small-batch Greek dishes to satisfy your Mediterranean craving
Greece’s day of reckoning: Bailed-out nation assumes the EU rotating presidency
Praise, traffic as Greece assumes EU presidency
Greece misses 2013 selloff target after auditor blocks asset sale
Barroso and Samaras give upbeat messages at launch of Greek EU presidency
Turkey Hill announces four limited edition Greek frozen yogurts
Louvre Raises 1M Euro For Nike
The Louvre Museum, which has ignored calls from Greece to return the stolen Winged Victory of Samothrace state, known as the Nike of Samothrace, said it has hit the one million euro ($1.35 million) mark in its campaign to get enough funds to restore the famed work, revered as perhaps the greatest in the world […]
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The Woman in the Window
ATHENS – It can be depressing to walk through the streets of Greece’s capital city and see row after row of empty store fronts, as scores of thousands of businesses have closed since a crushing economic crisis began four years ago this spring. Many are filled with the detritus of dashed dreams, stores that had […]
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Greece Probes Birth Certificate Fraud
An ongoing investigation into the certifying of birth certificates in Greece, spawned by the case of mystery girl found in a gypsy camp last year, has uncovered hundreds of cases of registrations given in Athens without checking to see if the parents were genuine. A team of public administration inspectors called for a probe into […]
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Provopoulos Hasn’t Been Right Yet
George Provopoulos, the Governor of the Bank of Greece, should not have an ounce of credibility left after recent reports in the New York Times, let alone his questionable relationship with Michael Sallas of Piraeus Bank. Just a glance at his words, however, show how a bad situation is being made even more unbearable. To […]
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The Long Nightmare of Greece Goes On
In recent days the stress and loneliness of the holidays have amplified people’s perceptions of the problems related to the Greek crisis. There was the suicide of a hotelier drowning in debt, and the desperate dive into Rhodes harbor of a fully-clothed woman trying to retrieve the Epiphany Cross to draw public attention to her […]
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Populists will not win EU vote: Barroso
Where The Smokers Are Now: Bulgaria, Greece And Macedonia
Greece begins EU presidency by saying austerity policies are intolerable
Samaras: Greece and EU are leaving crisis behind them
Spanish Bonds Jump With Greece's as Europe Recovery Signs Mount
What Greeks Wished for Most in 2014
Greek Minister of Culture Witnesses Parthenon Film Shooting
Tsipras Won’t Attend Greek EU Presidency Ceremony
Abbot Declines New Monks Due to Crisis
Eurostat: September Unemployment in Greece at 27.4%
Wife of pensioner missing on Greek Island speaks of torment as she reveals she 'didn't get to say goodbye'
Greece plays up progress as it takes on delicate EU presidency
Greece dismisses fears over its EU presidency
Greece bets on EU presidency to help regain credibility
MEP bailout enquiry in Portugal after postponed Greek trip
EU elite in Athens for Greek presidency launch
Greek Volunteer Wanted for Halkidiki Goldmine Case
Inkoom settles Greek loan move
Greek Open-Air Cinema in Melbourne
Greece talks up progress, sidesteps debt write-off issue
European Commissioners visit Athens for Greek EU Presidency's official inauguration
Greek church celebrates timely milestone in ten year refurbishment plan
Greek yogurt shortages 'not expected' after plant fire: KRI-KRI
Greece assumes EU presidency amid lingering crisis
Spain to issue €242bn of debt in 2014
U.S. Frets Over Greek Terrorist Escape
Greece: manhunt under way after convict fails to report
Reforming Greece Takes Over EU Council Presidency
Greece to formally assume EU's rotating six-month presidency
Ukrainian, Greek sailors kidnapped off Nigeria released
Greece wants to tap bank rescue funds to plug funding gap
Greece summer holidays guide: 2014
Ireland makes storming return to international bond market
Bumper demand for Republic's first debt sale since exiting bailout helped drive down yields across eurozone's periphery
Ireland made a storming return to the international bond market on Tuesday as the bumper demand for the country's first debt sale since exiting its bailout helped drive down yields across the eurozone's periphery.
The country's NTMA debt agency sold off €3.75bn of bonds but investors bid more than €14bn (£11.6bn) for the new 10-year bond – nearly four times the amount being sold.
The bond – the first Dublin has sold since last March – had a yield of just over 3.5%, and marked a substantial step towards the target of raising up to €10bn this year.
"This sale shows Ireland has fully exited the EU/IMF [bailout]," Michael Noonan, the finance minister, said in a statement.
"The yield of 3.54% illustrates the strength of Ireland's international reputation and brings us far closer to the borrowing rates of the strongest European economies."
Ireland's cost of borrowing over 10 years has tumbled from a peak of about 15%, which was reached in 2011 as the eurozone's debt crisis intensified.
The sale is a test of market confidence in Ireland's recovering economy – which grew 1.7% year-on-year in the three months to September – and also sets a benchmark for Greece, Portugal and Cyprus, the eurozone states still under sovereign bailout programmes.
"Such extremely heavy demand reinforces the recent positive sentiment towards Ireland," said Ryan McGrath, a Dublin-based bond dealer at Cantor Fitzgerald.
"This bodes well for upcoming issuance by other eurozone peripheral countries."
Yields on Spain's 10-year benchmark bond fell nearly 10 basis points to 3.81%.
"The deal has attracted a lot of international interest, and with many of those orders unable to be filled, these investors have had to look elsewhere," said Dan Shane, head of SSA syndicate at Morgan Stanley, one of the banks leading the deal.
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