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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 25, 2012

Greek government faces split on austerity vote


Greek government faces split on austerity vote
The Associated Press
Greek government faces split on austerity vote. (AP) – 2 minutes ago. ATHENS, Greece (AP) — A junior partner in Greece's coalition government says it won't vote for labor reforms that are part of a major new austerity package due in parliament next week.


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A Greek island's secrets to long life, in 11 bullet points


Village Voice

A Greek island's secrets to long life, in 11 bullet points
Washington Post (blog)
Natives of the Greek island Ikaria have remarkably long life-spans. On average, they live an astounding 8 to 10 years longer than Americans, are 2.5 times as likely to survive to 90, and are less likely to develop Alzheimer's. The New York Times ...
Given Enough Islands, People Will Be Freakishly Long-Lived On One Of ThemSlate Magazine (blog)

all 4 news articles »

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A Greek island’s secrets to long life, in 11 bullet points

Natives of the Greek island Ikaria have remarkably long life-spans. On average, they live an astounding 8 to 10 years longer than Americans, are 2.5 times as likely to survive to 90, and are less likely to develop Alzheimer’s. The New York Times Magazine this week published author Dan Buettner’s research with the National Geographic Society on why that might be so.

Read full article >>


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3 hurt in Greece clashes between rival supporters, at Panathinaikos vs Lazio ...


Winnipeg Free Press

3 hurt in Greece clashes between rival supporters, at Panathinaikos vs Lazio ...
Washington Post
ATHENS, Greece — Three people were hurt and four detained on Thursday after several hundred fans were involved in clashes at a Europa League match between Panathinaikos and Lazio. The clashes occurred outside Athens' Olympic Stadium, both ...
3 hurt in Greece clashes before matchSI.com

all 57 news articles »

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German Bunds Fall as Greece, Portugal Progress Damps Safety Bid


The West Australian

German Bunds Fall as Greece, Portugal Progress Damps Safety Bid
Bloomberg
German government bonds declined, pushing 10-year yields to the highest level in five weeks, as speculation Greece will get additional funding damped demand for the region's safest assets. Bunds dropped for the first time in three days after the ...
German Bunds Fall as Optimism on Greece, Portugal Saps Haven BidBusinessweek
Euro zone strugglers face tougher 2013 than thought - Reuters pollReuters UK

all 20 news articles »

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Greek Bank Lending Continues to Fall in September


Greek Bank Lending Continues to Fall in September
Wall Street Journal
ATHENS--Net lending to Greek businesses and households in September shrank 4.5% on the year, as demand for bank loans continued to slide, data released by the Bank of Greece Thursday show. The decline was slightly smaller than the 4.8% drop ...


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Given Enough Islands, People Will Be Freakishly Long-Lived On One Of Them


Given Enough Islands, People Will Be Freakishly Long-Lived On One Of Them
Slate Magazine (blog)
I really enjoyed Dan Buettner's New York Times Magazine article about the Greek island of Ikaria where people seem freakishly long-lived. But I did have a substantial doubt about it inspired by having recently read and reviewed Nate Silver's book The ...


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Greek Bank Deposits Rise In September as Confidence Improves


Business Recorder

Greek Bank Deposits Rise In September as Confidence Improves
Wall Street Journal
ATHENS--Greek bank deposits rose slightly in September, by 0.6% from the previous month, after a small decline in August as greater political stability helped to underpin confidence in the sector. The Greek central bank said Thursday total deposits ...
Deposits in Greek, Spanish banks rise in September: ECBReuters

all 8 news articles »

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Greek Orthodox priest abducted in Syria is found dead


Greek Orthodox priest abducted in Syria is found dead
Los Angeles Times
BEIRUT -- A Greek Orthodox priest has been found slain after being kidnapped near the Syrian capital of Damascus, the Syrian government and the Vatican news service reported Thursday. The body of the Rev. Fadi Jamil Haddad, pastor of St. Elias Church ...

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Germany’s federal states: Givers and takers

AS THEY do about once a decade, the Germans are again fighting over their domestic “transfer union,” in which tax revenues are redistributed among the 16 federal Länder (states). But this time the euro crisis provides a new twist, for the currency zone’s southern countries are of late demanding “solidarity” from Germany in a form that sounds suspiciously like an even bigger transfer union. Hence the parallel in German minds: some states are makers, others are takers. The dynamic and fiscally responsible Bavaria, in this analogy, plays the role of Germany, backed by other good budgeters such as Hesse and Baden-Württemberg (Finland and the Netherlands, say). The city state of Berlin (“poor but sexy”, as its mayor has described it) becomes a “German Greece”, alongside other weaklings such as Thuringia or Bremen (Portugal or Spain).Germany’s system of financial equalisation is “socialism among states”, says Christian Kelders of the economics ministry of Bavaria, which pays half of the total transfers of €7.3 billion ($9.5 billion) a year. It leads to “perverse incentives” by punishing Länder that raise more tax revenues and rewarding those that collect less, agrees Luise Hölscher of the finance ministry of Hesse, which gives the most per person. On October 23rd the centre-right Christian Democratic Union (CDU) and its Bavarian...


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Greece's Aegean Airlines says Olympic buy a necessity


CAPA - Centre for Aviation

Greece's Aegean Airlines says Olympic buy a necessity
Reuters
Aegean says deal needed to cope with market deterioration. * Expects to post losses in 2012. * Wants regulatory assessment soon as pressures mount. By George Georgiopoulos. ATHENS, Oct 25 (Reuters) - Aegean Airlines' move to cut costs by teaming up ...
Greece's Aegean Airlines and Olympic Air try once again to combine forcesCAPA - Centre for Aviation

all 3 news articles »

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Greek FinMin:Leftist Partner's Reform Refusal is Hurdle to Austerity Deal


Business Insider

Greek FinMin:Leftist Partner's Reform Refusal is Hurdle to Austerity Deal
Wall Street Journal
ATHENS--Greek Finance Minister Yannis Stournaras said the country's government will present a multi-billion-euro budget cutting plan to euro-zone officials Thursday and that despite its junior coalition partner's refusal to back any labor reforms, it ...
Greek Finance Minister Admits He Didn't Secure A Debt Repayment ExtensionBusiness Insider
Confusion surrounding Greek bailout deal growsNASDAQ
Greek Bonds Erase Drop on Deficit Comments as Spain's Bonds RiseBusinessweek
Reason (blog) -MarketWatch
all 1,062 news articles »

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Greek bank deposits rise 0.6 percent in September: central bank


Greek bank deposits rise 0.6 percent in September: central bank
Reuters
A shrinking deposit base, partly caused by capital flight, has added to the strains on Greek banks, which depend on central bank funding for their liquidity needs as access to wholesale funding markets remains shut on sovereign debt concerns. In 2011 ...


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No print issue on October 26

The paper edition of the Athens News will not circulate on Friday 26 October due to the participation of its employees in the strike called by the journalists' unions on October 25 .

The strike also affect our internet coverage.

The staff and owners remain hopeful and committed to resuming normal service and once again bringing you Greece in English.


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Banks look to strengthen hand in sovereign restructurings


Banks look to strengthen hand in sovereign restructurings
Reuters
LONDON, Oct 25 (IFR) - The world's biggest banks are drawing up tactics to strengthen their hand in future sovereign debt restructurings, as they seek to avoid another situation similar to the Greek debt talks, when government pushed them into ...
Private lenders criticise Greek debt talksFinancial Times
IIF Dallara: Not In Favor Of Greek Debt Buy-Back, No TalksMNI News

all 10 news articles »

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Greece fights eternal battle against tax evasion

Greece is struggling to combat tax evasion and corruption. Last summer, the tax debts reached a record level of 45 billion euros. But so far, the state has recovered just 19 million euros of this debt.

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Deposits in Greek, Spanish banks rise in September: ECB


Irish Independent

Deposits in Greek, Spanish banks rise in September: ECB
Reuters
FRANKFURT (Reuters) - Consumers and firms put money back into Spanish and Greek banks in September, European Central Bank data showed, ending a run of declines driven by concerns about both countries' finances. Private-sector deposits at Spanish ...
Draghi says not aware of any Greek bailout decisionCNBC.com

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Greece ally's opposition holding up austerity deal


AFP

Greece ally's opposition holding up austerity deal
Reuters
ATHENS (Reuters) - A long-awaited deal on Greece's latest austerity package is being held up solely by a coalition ally's refusal to back labor reforms, the country's finance minister said on Thursday. Greece's government has been locked in talks ...
Greece Reaches Agreement With International LendersNew York Times
Confusion Reigns Over Greece Bailout ExtensionCNBC.com
Greece says it has been given more time on austerityChicago Tribune
Business Insider -AFP
all 1,051 news articles »

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Coca-Cola Exit May Speed Greece's Cut to Emerging Market


Coca-Cola Exit May Speed Greece's Cut to Emerging Market
Businessweek
The index provider put Greece's stock market under review for downgrade from developed status on June 20 and will make a final decision as part of its annual reclassification in June next year. The MSCI Greece Index (MXGR) consists of just two ...

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Turks and Greeks come together over music


Turks and Greeks come together over music
Southeast European Times
Musicians from Turkey and Greece are employing their craft to heal wounds lingering from political disputes between the two nations. Eleni Karaindrou, a renowned Greek musician, performed with Turkish composer Ender Sakpinar and his orchestra at an ...


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Greek Democratic Left: Yes on austerity, no on labor reforms


Greek Democratic Left: Yes on austerity, no on labor reforms
ForexLive (blog)
Greek Democratic Left: Yes on austerity, no on labor reforms. By Jamie Coleman || October 25, 2012 at 12:24 GMT. || 0 comments || Add comment. The Greek drama continues. The Deomcratic Left, part of the coalition leading Greece, says it cannot vote for ...

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UPDATE 1-Deposits in Greek, Spanish banks rise in Sept -ECB


UPDATE 1-Deposits in Greek, Spanish banks rise in Sept -ECB
Reuters
FRANKFURT Oct 25 (Reuters) - Consumers and firms put money back into Spanish and Greek banks in September, European Central Bank data showed, ending a run of declines driven by concerns about both countries' finances. Private-sector deposits at ...

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