Prison guards and inmates protest jail conditions

Greek prison guards on Friday vowed to extend action being carried out in protest at understaffing across the country’s correctional facilities until July 1. According to figures provided by unionists, who launched rolling work stoppages on Thursday, faci... ...

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Stournaras sworn in at BoG’s helm

Yannis Stournaras was sworn in as the new governor of the Bank of Greece on Friday in the presence of President Karolos Papoulias (center) and Finance Minister Gikas Hardouvelis (left). After his swearing-in, former Finance Minister Stournaras expressed h... ...

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Payment delays have cost billions

The Greek economy is estimated to have lost out on some 16 billion euros, or just under 9 percent of the country’s expected gross domestic product this year, as a result of delays in state payments to enterprises as well as in transactions between compani... ...

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After Town of Greece Supreme Court Decision, School Board Mulling Sectarian ...

Christian PostAfter Town of Greece Supreme Court Decision, School Board Mulling Sectarian ...Christian PostA South Carolina school board is considering a return to a prayer policy similar to Town of Greece, New York after the United States Supreme Court ruled in favor of sectarian prayers at public meetings. Pickens County School Board's policy committee ...

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Hellenic Petroleum to issue five-year bond

Greece’s biggest refiner Hellenic Petroleum (ELPE) said on Thursday it mandated Barclays Bank PLC and Credit Suisse Securities as global coordinators to issue a five-year bond. This would be the company’s second debt issue since May, when it sold $400 mil... ...

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S&P report takes heavy toll on stocks

The Standard & Poor’s report on Greek banks inflicted fresh losses on their respective stocks and sealed the benchmark’s end-of-week fate, as it posted the biggest weekly drop of 2014, giving up 7.35 percent from last Friday. The Athens Exchange (ATHEX) g... ...

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Seven suspects remanded in custody over heroin racket

Seven suspects were jailed pending trial on Friday after being charged in an unfolding international heroin-trafficking probe. Five Indian crew members of the Noor One Togo-flagged tanker which is believed to have transported the drugs to Greece, a 41-yea... ...

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