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Source: Channel NewsAsia

Athens :: Greece | updated 2012-05-01 15:12:13 -0700 | business-news

Greek lawmakers headed Tuesday into a vote on a fresh batch of budget cuts after the country suffered a credit downgrade that could hamper efforts to cancel nearly a third of its huge debt. Parliament was to decide after midnight...
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Breaking News: Greece: Some Greek politicians seek their own bailout!
Posted by: northsunm32

Athens :: Greece | updated 2012-07-27 17:21:01 -0700 | political-news

Austerity it seems is for Greek workers not for some of the politicians that are supposed to be representing them. Some Greek parliamentarians are bailling out of Greek banks. No doubt they are looking for somewhere safer to keep their...
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Posted by: amagda

Athens :: Greece | updated 2012-07-27 04:54:51 -0700 | political-news

Jean D'Eau, who lives in Budapest referred to the senior member of the Jewish Masonic lodge. Which, of railroad warned him, that Greece, have been a deliberately chosen as the country, that will be a bankrupt (!). Which, of course,...
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Posted by: northsunm32

Athens :: Greece | updated 2012-07-27 04:55:36 -0700 | political-news

Alain Badiou is a French Philosopher and activist. For more on Badiou see this article. The full article titled "Save the Greeks from their Saviors". The article is translated from French into English. There seem to be a few glitches...
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Breaking News: Clive Crook: Greek Deal leads Europe down road to disaster
Posted by: northsunm32

Athens :: Greece | updated 2012-07-26 18:55:31 -0700 | political-news

Clive Crook is an editor of the Atlantic Monthly, and writes for the Financial Times as well as Bloomberg among other publications. This material is summarised from a Bloomberg article. Crook thinks that the Greek bailout deal is simply a...
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Posted by: northsunm32

Athens :: Greece | updated 2012-07-26 18:56:28 -0700 | political-news

As if not facing enough trouble Fitch rating agency has downgraded Greek sovereign debt from CCC to C just one notch above default. At the same time unions are mounting new protests against austerity measures. Greek unions have staged fresh...
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Source: Japan Times

Athens :: Greece | updated 2012-05-12 16:06:49 -0700 | business-news

A second bailout will avert a Greek bankruptcy, although the reprieve is likely to be only temporary. The harsh austerity measures that the EU is demanding as a condition of its aid, ironically, are likely to make it even harder...
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Source: Guardian Unlimited

Athens :: Greece | updated 2012-06-18 15:42:18 -0700 | business-news

campaigners call for debt cancellation for Greece at the European commission in London. Photograph: Jubilee Debt Campaign The eurozone finance ministers agreed a new bailout for Greece last night; but this will not end the eurozone crisis.
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Source: The Guardian

Athens :: Greece | updated 2012-06-19 14:30:00 -0700 | business-news

George Osborne (left) prior to an EU finance ministers' meeting in Brussels, Photograph: Georges Gobet/AFP/Getty Images George Osborne has welcomed the £100bn deal thrashed out by eurozone finance ministers to bail out Greece , saying it would allow Europe to...
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Posted by: northsunm32

Athens :: Greece | updated 2012-07-26 18:59:25 -0700 | political-news

An audio interview with Burgi is available here. Burgi claims that both individually and collectively Greeks are unable to cope with what is happening in the country due to austerity measures. The welfare state is quickly being dismantled with nothing...
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Source: The Guardian

Athens :: Greece | updated 2012-04-20 13:40:02 -0700 | entertainment-news

Martin Godwin In the British Museum on a Sunday afternoon, ancient faces look back at children and adults alike. Inside their glass cases, pharaohs and priests are unfazed by the crowds. And crowds there always are, for these are the...
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Posted by: northsunm32

Athens :: Greece | updated 2012-07-26 19:00:53 -0700 | political-news

Austerity measures in Greece include a 22 per cent cut to the minimum wage. This is just one of many cuts demanded by Greek creditors and the Troika imposing austerity upon Greece. Deep budget cuts are a pre-condition of a...
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Source: China Post

Athens :: Greece | updated 2012-04-18 23:42:32 -0700 | sports-news

Armed robbers stole more than 60 priceless artefacts including a gold ring from a Greek museum dedicated to the ancient Olympic Games on Friday, prompting the country's culture minister to resign. Two masked men took advantage of the fact the...
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Source: The Economic Times

Athens :: NY :: USA | updated 2012-06-30 14:51:46 -0700 | business-news

French Prime Minister Francois Fillon said on Friday that everything must be done to avoid a Greek default which would be painful for Europe, though he noted that there were some voices within the German government which diverged from this...
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Source: Miami Herald

Athens :: Greece | updated 2012-04-17 01:55:16 -0700 | business-news

A European diplomat says current plans to help Greece with its debt load would still leave the country with debt of 129 percent of economic output in 2020. That's far above the 120 percent level that eurozone leaders in October...
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