(Reuters) -
A Greek prosecutor charged three former ministers on Wednesday for failing to
declare the source of their wealth, the latest high-profile politicians in
legal trouble as public anger rises at a political class widely seen as
corrupt.
"Ό,τι η ψυχή επιθυμεί, αυτό και πιστεύει." Δημοσθένης (Whatever the soul wishes, thats what it believes, Demosthenes)
Wednesday, March 6, 2013
Tuesday, March 5, 2013
Greek court jails former top politician for graft
(Reuters) -
A Greek court sentenced a former defense minister to eight years in prison on
Monday for failing to disclose the source of lavish wealth that made him a symbol
of the corruption that has plagued the country.
Once a
powerful Socialist politician who almost became prime minister in the 1990s,
Akis Tsohatzopoulos has been in jail pending trial since April last year as
prosecutors probed allegations of fraudulently acquired wealth.
EU Opens Way for Easier Budgets After Austerity Backlash
By James G.
Neuger & Svenja O’Donnell - Mar 5, 2013 1:01 AM GMT+0200
European
finance ministers opened the way for looser budget policies after a backlash
against austerity thrust Italy
into political limbo and shattered months of relative stability in European
markets.
Monday, March 4, 2013
Steinmetz Real Estate Hires RREEF’s Papachristophorou
By Elisa
Martinuzzi & Sharon Smyth - Mar 4, 2013 3:53 PM GMT+0200
(Corrects
Papachristophorou’s age in fifth paragraph.)
http://www.bloomberg.com/news/2013-03-04/steinmetz-real-estate-hires-rreef-s-papachristophorou-correct-.html
Chris
Papachristophorou, former global head of Deutsche Bank AG (DBK)’s RREEF
Opportunistic Investments, is joining Beny Steinmetz Group Real Estate to run a
private-equity venture that aims to invest $2 billion.
The Second Battle of Marathon
Huffington
Post
Evaggelos
VallianatosAdjunct professor of environmental analysis, Pitzer College
Posted:
03/01/2013 4:31 pm
http://www.huffingtonpost.com/evaggelos-vallianatos/the-second-battle-of-mara_b_2792476.html
The Second
World War was the most destructive and bloody conflict of all times. Large and
small countries fought bitterly to the end, killing millions of humans and
causing immense devastation of both nature and societies. To some degree, WWII
was also a holocaust of civilization.
Sunday, March 3, 2013
Greece faces bailout review, plays down public sector job losses
Sat Mar 2,
2013 2:14pm EST
*
EU/IMF/ECB troika officials visit Athens
Sunday
* Will
check progress on bailout plan
* Minister
plays down fears of public sector job losses
By George
Georgiopoulos
ATHENS,
March 2 (Reuters) - Officials from the European Union and the International
Monetary Fund return to Athens on Sunday to assess Greece's performance under a
bailout plan as the government plays down the prospect of public sector job
cuts.
Saturday, March 2, 2013
Russell Indexes to Reclassify Greece as Emerging Market
By Nina
Mehta - Mar 2, 2013 2:43 AM GMT+0200
Bloomberg
Russell
Investments, which advises funds with $2.4 trillion in assets, will reclassify Greece from a
developed to an emerging market, following a four-year recession in which the
country’s economy shrank 20 percent.
Friday, March 1, 2013
Italy behind rise in eurozone jobless to record
By By Pan
Pylas on March 01, 2013
Bloomberg
Businessweek
LONDON (AP)
— Italy 's
voters gave their verdict on the austerity medicine they've been forced to take
when they went to the polls earlier this week. By Friday, one of the reasons
behind the protest was highlighted when the country's unemployment hit its
highest level in at least two decades.
Thursday, February 28, 2013
UPDATE 1-Greek retailers slump for fourth year in 2012
Thu Feb 28,
2013 6:41am EST
By Harry Papachristou and Renee Maltezou
fourth
consecutive year in 2012, dropping by more than a tenth
and
highlighting the pain public sector
austerity is inflicting
on
household consumption.
Ex-Mayor in Greece Gets Life in Prison for Embezzlement
By NIKI
KITSANTONIS
Published:
February 27, 2013
The New
York Times
ATHENS —
The former mayor of Greece’s second city, Salonika, and two of his top aides
were sentenced to life in prison on Wednesday after being found guilty of
embezzling almost 18 million euros, or $23.5 million, in public money — a rare
conviction in a case involving the political corruption that has contributed to
the country’s dysfunction and economic decline.
Wednesday, February 27, 2013
Italy Election Impasse Negative for Credit Rating, Moody’s Says
By Kevin
Buckland - Feb 27, 2013 7:03 AM GMT+0200
Bloomberg
Tuesday, February 26, 2013
Italy Renews Market Concerns as Voters Reject Monti
By Andrew
Frye - Feb 26, 2013 9:24 AM GMT+0200
Bloomberg
Monday, February 25, 2013
Austerity, Italian Style
The New York Times
By PAUL
KRUGMAN
Published: February 24, 2013
Two months
ago, when Mario Monti stepped down as Italy ’s prime minister, The
Economist opined that “The coming election campaign will be, above all, a test
of the maturity and realism of Italian voters.” The mature, realistic action,
presumably, would have been to return Mr. Monti — who was essentially imposed
on Italy
by its creditors — to office, this time with an actual democratic mandate.
Greece Gradually Emerging From Crisis, ECB’s Provopoulos Says
By Christos
Ziotis and Marcus Bensasson on February 25, 201
Greece is
gradually exiting from its crisis, with confidence building and deposits
returning, even as it faces another difficult year in 2013, Bank of Greece
Governor George Provopoulos said.
Saturday, February 23, 2013
UPDATE 2-Greece's betting monopoly sees plunge in profit
Fri Feb 22,
2013 9:41am EST
* OPAP sees
2013 net profit down by more than two thirds
* Estimate
lower than analyst forecasts
* Greece seeking
to sell 33 percent stake in OPAP
* Shares
down 4 pct (Updates with analyst quote, background, shares)
By Angeliki
Koutantou
Friday, February 22, 2013
Qatar Said to Discuss Purchase of Resort From Greek State
By Sharon
Smyth on February 21, 2013
Bloomberg
business week
Wednesday, February 20, 2013
Euro-Area Debt Pooling Abandoned by EU Parliament in Budget Law
By Jonathan
Stearns - Feb 20, 2013 11:20 AM GMT+0200
Bloomberg
European
Parliament negotiators abandoned a demand for a fast-track move toward debt
pooling by euro governments at the insistence of a German-led group of nations
opposed to such an anti-crisis step.
Tuesday, February 19, 2013
Bank of Greece, The : Balance of payments: December 2012
02/19/2013|
04:55am US /Eastern
http://www.4-traders.com/BANK-OF-GREECE-THE-1408793/news/Bank-of-Greece-The-Balance-of-payments-December-2012-16164655/
Current
account balance
In December
2012, the current account balance showed a deficit of €534 million, down by 1.6
billion year-on-year.
The trade
deficit narrowed by €984 million, as a result of a €627 million decrease in the
trade deficit excluding oil and ships, as well as declines of €214 million and
€143 million in the net oil import bill and net payments for purchases of
ships, respectively. The trade deficit excluding oil and ships shrank due to
the reduced import bill by €418 million or 18.9% and the rise in export
receipts by €209 million or 19.3%.
UPDATE 2-Greek current account gap shrinks -only one new Ferrari
Tue Feb 19,
2013 6:53am EST
* Greek
2012 current account gap shrinks by more than
two-thirds
* Deficit at 2.9 percent of GDP, lowest
since euro adoption
* Drop reflects falling imports and debt
payments
* Greece needs more exports to
balance its payments in the
long term
By Harry Papachristou
Hollande to Play Up Euro Recovery Prospects in First Greek Visit
By Mark
Deen - Feb 19, 2013 1:01 AM GMT+0200
Bloomberg
Francois
Hollande plans to emphasize the prospects of a return to growth in the first
visit of a French president to Athens since Greece
triggered the European sovereign debt crisis more than three years ago.
Hollande, a
Socialist who won last May’s election emphasizing growth over austerity, will
repeat his commitment to keeping Greece in the 17-nation euro area
and press Greek Prime Minister Antonis Samaras to forge ahead on the revamp of
his nation’s economy, said a French government official who briefed reporters.
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