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Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Thursday, October 16, 2014

Immunity Provisions Cast Doubt on Greece’s Efforts to Fight Graft

A flurry of new protections for officials have enraged critics of the government, who fear long-awaited moves to tackle corruption are being stymied.


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Carnival of Love’s Roaring Twenties Fundraiser for Children at Central Lounge

ASTORIA – Once upon a time in the Greek-American community in New York, its major institutions, especially those that catered to young professionals, could be counted on to surprise and delight their members and friends with unique events throughout the year. “The Carnival of Love Foundation” is one of the independent and organizations that have […] The post Carnival of Love’s Roaring Twenties Fundraiser for Children at Central Lounge appeared first on The National Herald.


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Prosecutor Seeks Trial for 70 in G.D.

ATHENS — A prosecutor handling the criminal investigation of Greece’s Nazi-inspired, far-right Golden Dawn party on Thursday sought to have 70 party members, including the jailed party leader and 17 other lawmakers, stand trial on charges ranging from running a criminal organization to murder and weapons offences. In a 700-page document, prosecutor Isidoros Doyiakos describes […] The post Prosecutor Seeks Trial for 70 in G.D. appeared first on The National Herald.


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US factory figures help bring calm to markets after days of turmoil

Central bank intervention in US adds to optimism EU forced to pledge all help possible to GreeceStrong US factory output growth and the intervention of a senior American central bank official brought some relief to markets following three days of turmoil that have knocked billions of pounds off the value of the FTSE 100.On another day of wild swings in stock prices, James Bullard, the hawkish president of the St Louis federal reserve, said the US central bank should consider maintaining its policy of pumping funds into the economy as inflation expectations eased. Continue reading...


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Amal Clooney arrives home after meetings with Greek government over Elgin Marbles... as she is named 'most influential woman in London'

She tied the knot to Hollywood heartthrob George Clooney in a lavish four-day Venetian wedding in September, and now Amal Alamuddin has been dubbed the most influential woman in London. The 36-year-old barrister - who changed her name last week after ...


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Fear stalks the financial markets, with Greece at ground zero

Greece is back on the front line of what some fear could be a re-run of the ... Financial markets are sceptical that Greece has recovered enough to do ...


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Europeans prepared to back Greece in next phase

With Greek bond yields continuing to shoot up Thursday, the European Commission stepped in to try to calm markets as it insisted that it would stand by Greece even if the country does not continue with the International Monetary Fund part of its program b... ...


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In Greece, free press pays the price for crossing the government

Greece's economic crisis, caused in part by nepotism and corruption, is making corruption harder to root out by letting business interests tighten the screws on investigative journalists.


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Billions in available EC funding

The development minister said on Thursday there are European Commission funds of 12 billion euros that are immediately available to support growth in Greece by subsidizing projects across the country. These funds are from the previous and new community su... ...


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STOCKS GO NOWHERE: Here's What You Need To Know (DIA, SPY, QQQ, TLT, IWM, NFLX, AAPL)

Stocks went nowhere on Thursday despite opening lower again as markets in Europe were notably weak again ahead of the US open. Bond yields in Germany continued to power lower while yields in Greece rose the most in two years. US stocks finished the day little changed, though each of the averages were down more than 1% at their lows. The small-cap Russell 2000, for the fourth straight day, outperformed the major stock indexes and gained 1.4% on Thursday. First, the scoreboard: Dow: 16,118.9, -23, (-0.1%) S&P 500: 1,864.2, +1.8, (0.1%) Nasdaq: 4,220.9, +5.6, (+0.1%) And now, the top stories on Thursday: 1. On Thursday, St. Louis Federal Reserve president James Bullard moved markets after saying the FOMC should consider pausing the taper of its QE program; the Fed is currently on track to finish this program later this month. Speaking in an interview on Bloomberg TV, Bullard said that in the face of declining inflation expectations, this is something that the Fed should at least think about, and these comments sent stocks rallying off their lowest levels and jump-started the averages to begin meaningfully shaving their losses. 2. On Thursday, analysts at Credit Suisse noted that following recent market developments, including worries over global growth and declining inflation expectations, the market has pushed back its expectations for the Fed's first rate hike to the fourth quarter of 2015, the latest these expectations have been since May 2013. 3. The weekly report on initial jobless claims came in far better than expectations, as claims fell to 264,000 from 287,000 a week ago, the lowest level since April 15, 2000. Following the report, Ian Shepherdson at Pantheon Macroeconomics said, "In one word: Spectacular... Whether claims can be sustained at such a low level — an all-time low, as a share of employment — is debatable...but this is a clear signal of real strength in the labor market." 4. Industrial production data from the Federal Reserve showed that production rose 1% month-over-month in September, better than the 0.4% expected by economists. This also showed an increase of 3.2% on an annualized basis for the third quarter. "This was a very encouraging report, and the strong performance in the manufacturing sector will go some way in allaying fears about weakening momentum in this sector," TD Securities' Millan Mulraine said following the report.  5. The National Association of Homebuilders' Market Index unexpectedly fell to 54 in October from 59 in September. Expectations were for the reading to be unchanged at 59. Following the report, David Crowe, NAHB chief economist, said, "After the HMI posted a nine-year high in September, it’s not surprising to see the number drop in October. However, historically low mortgage interest rates, steady job gains, and significant pent up demand all point to continued growth of the housing market." 6. The Philadelphia Federal Reserve's latest manufacturing report came in better than expected, showing a reading of 20.7 against expectations for a decline to 19.8 from last month's 22.5. 7. Netflix shares got smoked on Thursday, falling about 19% after the streaming internet video company last night reported third quarter subscriber growth that missed expectations and gave a fourth quarter earnings outlook that disappointed. Following the report, Morgan Stanley analyst Benjamin Swinburne wrote in a note to clients that, "We are disappointed Netflix fell short of its 3Q guidance in both the US and internationally. However, stepping back from the miss, we see points of light particularly in the context of shares trading [at around $330.]" The steep drop in Netflix shares may have cost Carl Icahn up to $200 million. 8. Goldman Sachs was the latest of the big US banks to report earnings, reporting earnings per share of $4.57 against expectations for earnings of $3.21. "The combination of improving economic conditions in the US and a strong global franchise continued to drive client activity across our diverse set of businesses," CEO Lloyd Blankfein said. In the third quarter, investment banking revenue at the firm rose 26%.  9. Warren Buffett has begun reducing his stake in Tesco, the UK retail chain that has seen ten senior executives either been asked to leave the firm or resign since the company acknowledged it overstated profits by $316 million. Buffett has trimmed his stake to less than 3% of the company, down from a stake of almost 4% at the beginning of the month. Don't Miss: These 10 Forces Could Rattle Markets Between Now And The End Of The Year »Join the conversation about this story »


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Greek woes not a sequel to eurozone crisis

Greek 10-year borrowing costs jumped above 9 per cent for the first time in a year. The worries stemmed from the country's domestic politics and the ...


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Stock slide continues but curtailed

Statements from Brussels regarding continued support to Greece allayed investor fears on Thursday, averting a third consecutive day of hair-raising losses, but the unfavorable European climate – with most markets suffering due to concerns about growth and... ...


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Greece sticks to exit plan with precautionary support

Greece will stick to its plan to exit the bailout program at the end of this year with some form of precautionary support despite another day of turbulence on bond and stock markets, a senior government official told Kathimerini on Thursday. “Greece is no... ...


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Greece to tap markets for no more than 10 bln next year

Greece should not require any more than 10 billion euros from the markets next year in order to fully cover its obligations. The Finance Ministry has drafted a series of scenarios regarding the country’s funding needs after the completion of the bailout p... ...


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President Anastasiades: Cyprus Targets to Exit its Rescue Program Sooner

Cyprus intends to sell debt for a second time this year in order to exit its international rescue program before it was officially planed, Cypriot President Nicos Anastasiades revealed today in an Milan interview, on the sidelines of the European Union-Asia Summit Meeting, brushing off a slump in Greek bonds. “What we want is, through adhering to our commitments, to achieve an exit from the bailout program at the earliest time possible,” Anastasiades said adding that “Greece and Cyprus are two dissimilar cases.” More than a year after Cyprus became the fifth euro-area nation to enter an international bailout program in exchange for unpopular budget cuts, it is now seeking to bolster market confidence. Earlier this week, the risks of an early rescue exit were highlighted in Greece, triggering a selloff in its bonds and stocks by pushing to leave its own program of financial support, Bloomberg reported. Over the past month, the Greek government has said it wants to leave its program later this year, more than a year ahead of schedule, but other euro-area governments expressed concerns about the plan this week. Greece has received around half of the total 496 billion euros in aid pledges for the rescued euro-area nations. Anastasiades said the Cypriot government aims to end its rescue, which was scheduled to last until 2016, at some point next year, although he declined to be more precise about the timetable. The Cypriot President said the priority is to bolster the government’s credibility by fulfilling the current aid conditions, including the “outstanding” matter of the foreclosure rules. A disagreement on foreclosure legislation with the euro area and the International Monetary Fund (IMF), which co-finance the Cypriot rescue program, could be settled by early November, paving the way for the next aid disbursement to the country, said the President. This is holding up the current European-IMF review of Cyprus’ progress under the bailout. Regarding the further selling of debt, Anastasiades underlined that Cyprus would already be at that stage if there was no delay on the outstanding foreclosure legislation, while at the same time he appeared optimistic that Cyprus would sell bonds right after the completion of any European-IMF review “as long as market conditions permit.” He also predicted that any difficulties resulting from European stress tests (the results of which are expected on October 26) on Cypriot banks would be “manageable.”


READ THE ORIGINAL POST AT greece.greekreporter.com

Golden Dawn: Greek Prosecutor Demands Criminal Trial for All of the Far-Right Party's Members

A Greek state prosecutor has asked all Golden Dawn's MPs to face trial for offences including allegedly running a criminal organisation. Prosecutor ...


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Greek sell-off revives eurozone fears

Diverging bond spreads reflect investor unease on economy


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Market turmoil fuels doubts over Europe

Sharp rise in Greek borrowing costs raises concerns over structural issues


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Greece honours Maria Callas with arts academy in former Athens home

Her devotees may be legion but in Greece, the country she identified with most, Maria Callas never quite got the recognition she deserved. Now, 37 years after her death, that wrong may finally be righted. Last month, the Greek national opera raised € ...


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Greece Odyssey student part of select choir

Greece Odyssey Academy senior Sean Healey has been selected as part of the 2014 National Association for Music Education All-national Honor ...


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EU Commissioner: Europe Supports Greece

European Union's willingness to continue support Greece in order to ensure reasonable financing conditions after the end of the current program, was ...


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National Bank Of Greece Rallies As Markets Decline

The selloff Wednesday was intense in Greek stocks, leaving the nation's biggest bank, the National Bank of Greece (NBG) down 15%. But U.S-traded ...


READ THE ORIGINAL POST AT blogs.barrons.com

China, Greece Vow to Enhance Cooperation

China-Greece cooperation has entered a new phase of development, and Beijing supports Chinese enterprises in participating in Greece's ...


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The Palestinian Refugees: Ending Their Lingering Plight

During the donor conference held in Cairo a few days ago, the US, EU, and other countries pledged $2.7 billion for reconstruction in Gaza. It is undoubtedly necessary to make such a humanitarian effort to rebuild the shattered lives of hundreds of thousands of Palestinians who suffered the most as a result of the last violent confrontation between Israel and Hamas. That said, regardless of how admirable this financial commitment may be, the fact that it was not linked in any way to the peace process, and in particular to solving the most acute and endemic problem of the Palestinian refugees in Gaza, is another gross missed opportunity. The Palestinian refugee problem, especially those who live in their homeland--the West Bank and Gaza--remains as one of the thorniest problems preventing the establishment of a Palestinian state. A dignified solution is what the refugees deserve to restore their self-esteem - not a continuing handout to perpetuate a life-long stigma. It is nothing short of a travesty to allow another generation of Palestinians to grow up in a state of limbo, only so their corrupt leaders can ride on their backs and cry wolf about their plight while shamelessly enjoying the good life. The statistics are startling; according to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), the number of registered refugees in Gaza is 1,240,082 out of a total population of 1.5 million, and 754,411 are registered in the West Bank (out of a population of 2.4 million). Any Palestinian 50 years old or younger was born in the West Bank and Gaza; this represents more than 80 percent of the population in these two areas. In the refugee camps, over 50 percent of the inhabitants are under the age of 25. Only 30,000 are original refugees. No efforts have been made to resolve the tragic refugee problem on its own since 1948. Instead, it has been exploited at the expense of innocent men, women, and children, who have been mislead, mistreated, marginalized, and used as sacrificial lambs only to feed the insatiable hunger for power of their misguided and self-absorbed leaders. In what was initially a disastrous event, the 1948 exodus turned into a Greek tragedy, festering over time and engulfing innocent souls. Since then, the refugees have multiplied nearly sevenfold, with many living under subhuman conditions which serve as incubators for militancy and violence, which Hamas in particular seeks to cultivate. Many countries have played a role in contributing to the prolongation of the Palestinian refugees' plight. UNRWA in particular is guilty of perpetuating the Palestinian refugee crisis. It was established by the UNGA in December 1949, and its mandate to care for the refugees is renewed every three years; the current extension runs until June 30th 2017. The agency employs more than 25,000 workers and has developed a vested interest in maintaining the status quo of the refugees in order to remain relevant. Moreover, since the vast majority of UN member states do not want to appear as being unsupportive of the refugees, UNRWA's mandate has consistently been renewed for more than six decades. Out of the top 20 donors to UNRWA, 15 are western countries or organizations. Western European countries keep providing monetary assistance for humanitarian reasons, but this only protracts the refugees' humanitarian plight instead of promoting their permanent resettlement. The United States continues to acquiesce to the status quo and became an enabler, which has inadvertently prevented a humane solution to the refugees for decades. The Arab states continue to exploit and manipulate the refugees for domestic consumption to distract their own public from their terrible socio-economic conditions and human rights violations. Palestinian leaders have held the nearly two million refugees in the West Bank and Gaza as hostages. For nearly seven decades, they have insisted that the "right of return" of the refugees is sine qua non to the solution of the Israeli-Palestinian conflict. This flies in the face of the poll conducted in 2003 by Dr. Khalil Shikaki, which showed that only 10 percent of the refugees in Syria, Lebanon, Jordan, the West Bank and Gaza would opt to return to Israel (their original place of residence). Since then, the number has more than likely further decreased as the prospect of returning is increasingly diminishing. Successive Israeli governments refused to assume any responsibility and made no effort to galvanize international support to resolve the plight of the refugees. Right-wing Israeli governments who opposed a two-state solution found the persisting refugee problem to be a convenient impediment. Ironically, in every set of negotiations in 2000 at Camp David, in 2008/2009, and 2013-2014, both sides agreed that the right of return cannot be exercised literally, and only a few thousand could rejoin their extended families in Israel over a period of few years. It should be noted that regardless of UNRWA's or any other entity's definition of who is a refugee, the Palestinian "refugees" in the West Bank and Gaza are not refugees, as more than 80 percent were born in their homeland--the West Bank and Gaza--and the rest are at best internally displaced. Those Palestinians who insist that they will never forsake the right of return will have to wait forever, and every Arab and Palestinian leader knows this fact only too well. Instead of trying to achieve a comprehensive solution to the Israeli-Palestinian conflict, which has thus far proven to be elusive, a settlement of the refugee problem--for which there is only one solution, resettlement and or compensation--could pave the way for resolving in stages the other sticking issues. However theoretical the right of return has become, it hangs over the Israelis' heads and even a reference to it in any future agreements will not be acceptable, as they view it as a threat to their national identity, if not the very existence of the state. A resolution to the refugee problem would provide an opening for the US and the EU to exert mounting pressure on Israel to make important concessions in return by starting the negotiations with borders, which the Palestinians rightfully insist upon, to define the contours of the future Palestinian state. The donor countries should have insisted (and still can) that their contribution to rebuild much of Gaza focus on resettlement and compensation of the refugees, especially since 80 percent of Gaza's resident are registered as refugees. A similar effort will have to be made to resettle the refugees in the West Bank as well. Prolonging the misery of the refugees does not offer a "just solution" as the Palestinians and Arab states advocate. A just solution is decades overdue and no Arab or Palestinian leaders can justify the decades-long despondency and despair of the refugees under the guise of the "right of return." The Palestinian people are creative, vibrant, resourceful, and proud people; they must not continue to live in a state of contrived conditions of misery, fed with empty slogans and offered false hope about their "right of return," only to be crushed later with the truth.


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Europes Anti-Torture Committee Denounces Ill-Treatment in Greek Detention Centers

MOSCOW, October 16 (RIA Novosti) - The Council of Europe's anti-torture committee has denounced the ill-treatment of irregular migrants, prisoners and minors in detention centers across Greece, ...


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New Greek bailout unveiled to contain debt crisis

President of European Commission Jose Manuel Barroso (R), President of European Council Herman Van Rompuy (C) and Greek Prime Minister Georgios Papandreou attend the press conference after the ...


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EU Will continue to support Greece after bailout

The European Commission said it will work with Greece to ensure a smooth evolution of support for the country after its current bailout program ends. ...


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Greek 10-year yields jump to highest level in 2014

climbed closer to 9% on Thursday amid a wider selloff in Europe, with investors dumping anything perceived as risky assets. The 10-year yield for Greece jumped 110 basis points, or more than a ...


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Economic and Political Standstill Triggers Eurozone Selloff

Investors dumped stocks and bonds in Greece and other struggling European countries, the second day of a selloff that has echoes of the eurozone’s debt crisis of 2010-12.


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Survey finds sexual assault more prevelant in Greek life

A survey of University of Oregon students revealed that students in Greek life experience a greater amount of sexual assault than students who are not ...


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Greek Govt Says ‘Yes’ to International Greek Language Day

The Special Permanent Committee on Greeks Abroad unanimously voted to ask the Ministries of Education and Culture to initiate immediate procedures for issuing a Presidential Decree to establish an International Greek Language and Greek Culture Day, upon ...


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Mt Athos monk becomes second person to die after eating poisonous mushroom

A monk on Mount Athos has become the second person in Greece since September to die from eating a poisonous mushroom. The 63-year-old was taken to a hospital in Thessaloniki on Monday but could not be saved as he suffered massive kidney failure, according... ...


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Cyber crime unit releases figures of child porn, potential suicides cases

A total of 101 suspects have been arrested on charges of trading in child pornography over the past three years, according to figures submitted in Parliament by the head of the Greek Police’s Cyber Crime Unit, Manolis Sfakianakis. Officers of the unit hav... ...


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Here's What Nations List As The Greatest Danger In The World

Amid rising conflicts engulfing the Middle East, the majority of the 44 nations surveyed in a new Pew Research Center study, listed the top threat in the world as "religious and ethnic hatred." Nations were given the option of selecting between 5 dangers: nuclear weapons, pollution, AIDS and other diseases, inequality, and religious and ethnic hatred. At 58% Lebanon had the highest level of concern of any country and identified religious and ethnic hatred as the single most greatest danger to the world, correlating to its diverse religious makeup of Shia Muslims, Sunni Muslims, Lebanese Christians, Greek Orthodox, and Jews. Meanwhile, severe battles between Hezbollah and Jabhat al-Nusra have brought war to Lebanon. Alongside Lebanon, Egypt, Israel, Palestine, and Tunisia also shared the concern.  Meanwhile in the West, "the gap between the rich and the poor is increasingly considered the world’s top problem by people living in advanced economies," states the Pew Research Center. Americans, and generally most European nations listed "inequality" as the world's greatest danger. While Spain cited 54%, the highest concern in this category.  Ukraine and Russia both named "nuclear weapons" as their highest threat, along with Japan, Pakistan, and Turkey. It is estimated that Russia, —which leads the world in the nuclear weapons— along with the US, UK, France, China, India, Pakistan, Israel, and North Korea, possess approximately 17,000 nuclear weapons altogether. The majority of the African countries claimed "AIDS and other infectious diseases" as their most pressing issue in the world today.  Here is the full list of all 44 surveyed countries: Join the conversation about this story »


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Crisis: Greek banks to receive up to 15 bln euros from ECB

The Bank of Greece on Thursday confirmed that during a communication between Greek central banker Yannis Stournaras with ECB's president Mario ...


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Greek PM’s vow to exit bailout backfires

Bond yields rise as investors doubt Athens can finance itself


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Queen of the Underworld's Abduction Revealed in Ancient Greek Mosaic

A newly revealed mosaic on the floor of a vast Greek tomb shows Hades hauling his reluctant bride Persephone to the underworld, archaeologists ...


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EU will be hard pressed to deal with turmoil in Greek stock, bond markets

The Greek stock index has lost 12 per cent over the past two days and was down another 2.5 per cent today. Investors been spooked by the prospect ...


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Athens insists Greek markets plunge isn't return to crisis

The European Central Bank is also ready to make more credit available to Greek banks, according to a person familiar with the matter who did not ...


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Greek prosecutor orders all Golden Dawn MPs to face criminal trial

Far-right partys MPs are accused of murder, weapons offences and attacks on immigrants, leftwing activists and gay peopleIn a decision that could mark the end of Europes most violent neo-Nazi force, a Greek public prosecutor on Thursday demanded that Golden Dawns entire parliamentary group stand trial for criminal offences.The order, outlined in a 700-page argument by state prosecutor Isidoros Doyiakos, said that more than 50 leading party cadres should also be tried for using the far-right group as a political front to pursue a litany of illegal activities. Continue reading...


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National Bank Of Greece (NBG) Showing Signs Of A Dead Cat Bounce Today

Trade-Ideas LLC identified National Bank of Greece ( NBG) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to ...


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Did You Buy the Million Dollar Lotto Ticket Sold in Greece?

GREECE, N.Y. -- The New York Lottery's online drawing results show that someone bought a $1 million winning ticket at a corner store in Greece.


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Greek Prosecutor Recommends Trial for Golden Dawn’s Parliamentary Group

Greek prosecutor Isidoros Dogiakos, handling the criminal investigation of far-right Golden Dawn party, recommended to a council of judges earlier today that its current 16-member parliamentary group -as well as the two that have resigned- should be trialed on charges ranging from belonging to and running a criminal organization to weapon offenses. In his 700-page argument Dogiakos proposed that a total of 70 party members, amongst them Golden Dawn’s imprisoned leader Nikos Michaloliakos and imprisoned MPs Ilias Kasidiaris, Christos Papas, Ioannis Lagos, Giorgos Germenis, Nikos Kouzoulos, Panagiotis Iliopoulos as well as ex member Stathis Mpoukouras, should appear before the judges. 15 party members that were initially accused of criminal offenses, should be cleared, he added. According to his recommendation, every current or ex MP belonged to the criminal organization’s «hard core» that operated under the party’s cloak. Dogiakos recited all the charges being brought against Golden Dawn, underlining the murders of anti-fascist rapper Pavlos Fyssas (a.k.a. Killah P) on September 2013 and Pakistani immigrant Luqman Shahzad on January 2013, as well as several individual assaults on foreign nationals and leftist activists, including the attack against PAME members in Piraeus, just a few days before Fyssas’ murder. A three-member panel of judges is expected to issue final indictments within weeks. If it upholds Dogiakos’ recommendations, Golden Dawn MPs face a maximum 20-year prison sentence. Golden Dawn enjoyed a huge boost in support during Greece’s financial crisis, winning 18 of Parliament’s 300 seats in the 2012 elections, currently being the country’s fourth most popular party. Its crackdown followed the fatal stabbing of Fyssas by Golden Dawn member Giorgos Roupakias, who is currently denying any relation with the party. Currently, a total of 26 members -including the MPs- is behind bars. Recently, the family of Manos Kapelonis, a Golden Dawn member who was shot dead last November, said that Golden Dawn’s use of their son’s name and image is “absolutely incompatible with the nature of his beliefs and ideals and is offensive to his personality,” therefore is seeking a court injunction to ban the party from using his name or image for political purposes.


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Greece's Comeback Bonds Show Strain as Selloff Gathers Momentum

Greece's bond sale in April, its first since 2010, was a powerful symbol of the euro region's emergence from its debt crisis. Six months later, a slump in ...


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ECB, EU promise lifelines for Greece as crisis haunts eurozone

The ECB and European Union rushed to reassure financial markets on Thursday that help is at hand for Greece as it heads for a high-risk exit from its debt-rescue programme. The European Central Bank, which manages how funds are fed into the eurozone ...


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World View: Stocks Plunge in Greece as its Financial Crisis is Renewed

Greece's Prime Minister Antonis Samaras sought to restore public calm on Wednesday, as stocks on the Athens Stock Exchange plunged 6.25%.


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Support vow for Greece amid plunge

European officials have vowed to continue supporting Greece as investors sell off the bailed-out country's stocks and bonds. The country is being buffeted by a range of concerns, including that the government will be unable to finance itself independently ...


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ECB President Promises Funding to Greek Banks

Bank of Greece (BoG) Governor Yannis Stournaras and European Central Bank (ECB) chief Mario Draghi have come to an agreement to provide Greek banks with further funding, worth 12 to 15 million euros. According to Reuters, ECB reduced the haircut it applies ...


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Greek sell-off widens bond yield gap

German bond yields are falling while those in Greece and other peripheral EU countries climb


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Greek PM Meets With his Chinese Counterpart in Milan

The good level of communication and the strong economic ties between their countries were confirmed earlier today by Greek Prime Minister Antonis Samaras and his Chinese counterpart Li Keqiang, who met on the sidelines of the European Union-Asia Summit ...


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