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Aug 3, 2011

GREECE News, Aug 03, 2011


Societe Generale May Miss Target After Net Falls on Greece
Bloomberg
Net income dropped to 747 million euros ($1.06 billion) from 1.08 billion euros a year earlier, the Paris-based bank said in a statement today. That's below the 1.01 billion-euro average estimate of 12 analysts surveyed by Bloomberg. ...
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Funeral of Harvey Ashworth to be held today
Daily Echo
FAMILY and friends of a Hampshire schoolboy who died while on holiday are due to gather today to say their goodbyes. Harvey Ashworth, 11, from Warsash, passed away in his sleep in Greece last month. Hundreds of mourners are expected to attend his ...
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Full implementation of reforms key to success of Greek programme, says OECD report
sharechat
Greece's ambitious programme to tackle its economic crisis can succeed in rebuilding growth, jobs and living standards if the reforms are fully implemented, according to a new OECD report. Presenting the Economic Survey of Greece in Athens today, ...
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Meet The Most Dangerous Economists In The World Today
Business Insider
Countries like Greece have been told to cut their way to lower deficits/propserity, and they've wound up with both higher deficits and a weaker economy. Last month Robert Shiller (who nobody takes as a crank or a hack) took Reinhart and Rogoff to task ...
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Business Insider
Greek protester who resisted Nazi rule turns fire on EU
The Guardian (blog)
This single act of defiance – the first direct action against Nazi rule in Greece – would go on to cast the headstrong young man as one of the country's greatest defenders of democracy. Today the enemy may have changed, but at nearly 89, ...
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The Guardian (blog)
Berlusconi to Address Italy on Crisis as Bonds, Stocks Slump
BusinessWeek
European leaders' agreement last month on a second bailout for Greece and Italy's subsequent austerity plan to balance the budget failed to convince investors that Berlusconi's government can avoid seeking outside aid. Confidence in Italy has also been ...
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Omega Navigation Enterprises Obtains Additional Requested Relief From US Court
MarketWatch (press release)
ATHENS, GREECE, Aug 02, 2011 (MARKETWIRE via COMTEX) -- Omega Navigation Enterprises Inc. (pinksheets:ONAVQ) announced today that, in connection with its Chapter 11 proceedings in Houston, Texas, the Court has granted all of the additional relief that ...
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