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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

Saturday, December 8, 2012

Investors offer about 30 billion euros in Greek debt buyback: source

ATHENS (Reuters) - Greek and foreign bondholders offered about 30 billion euros ($38.8 billion) in a buyback plan that is key to the country's international bailout, a Greek government official said on Saturday.



READ THE ORIGINAL POST AT www.reuters.com

Foreigners seen offering 15-16 billion euros in Greek debt buyback

ATHENS (Reuters) - Foreign investors have offered between 15 and 16 billion euros ($19.4-20.7 billion) of Greek government bonds in a debt buy-back programme, according to an initial estimate given by newspapers on Saturday. The plan is central to efforts by Greece's euro zone and International Monetary Fund lenders to cut its borrowing to manageable levels and unlock aid. The preliminary estimate cited by financial dailies Naftemporiki and Imerisia would suggest the buyback plan is on track to succeed. ...

READ THE ORIGINAL POST AT news.yahoo.com

The destruction of health care in Greece


The destruction of health care in Greece
World Socialist Web Site
Five austerity programmes within the space of two and a half years have reduced the health system in Greece to the level of a developing country and stripped working people of the basic right to adequate medical care. Although winter has begun and the ...


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Greece's Samaras Courts Bavarians

Greek Prime Minister Antonis Samaras plans to undertake a delicate diplomatic mission on Sunday—to Bavaria—hoping to convince its powerful conservative political establishment that saving Greece is worth the money.

READ THE ORIGINAL POST AT online.wsj.com

Greece to shield banks from buyback lawsuits: finance ministry source


Greece to shield banks from buyback lawsuits: finance ministry source
Fox Business
ATHENS – Greece aims to shield its banks from possible lawsuits linked to a crucial buyback of sovereign bonds and has no plans to extend the acceptance deadline for the scheme beyond Friday, a senior finance ministry official said. A successful ...


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Is Greece in default again?


Reuters Blogs (blog)

Is Greece in default again?
Reuters Blogs (blog)
When S&P downgraded Greece to Default on Wednesday, I thought it was a bit silly. After all, here's a chart of the benchmark 2042 bond, since issue: although it's trading at just about 30 cents on the dollar, that represents an all-time high, and the ...


READ THE ORIGINAL POST AT blogs.reuters.com

Translating American Fare Into Greek


Translating American Fare Into Greek
Wall Street Journal
Creating an authentic Greek brunch is a tricky dance between standard Manhattan fare and maintaining authenticity, Chef Jim Botsacos mused while ticking off menu listings. "Greece doesn't have much of a breakfast tradition," he said. "So we're trying ...


READ THE ORIGINAL POST AT online.wsj.com