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Aug 14, 2011

GREECE News, Aug 14, 2011



Mykonos Grill offers taste of Greece in renovated Ketner Center
Salisbury Post
By Robin M. Perry SALISBURY — “A taste of Greece — fresh and healthy” is what the menu for Salisbury's new Greek restaurant, My-konos Grill says. At the Ketner Center, you will be amazed at the transformation of the building from a retail clothing ...
See all stories on this topic »
The eurozone: it's a pyrrhic victory for the eurosceptics
The Guardian
Now they are being told that they must either finance eurobonds or contribute to a bailout fund of such a size it would raise interest rates and possibly endanger the creditworthiness of France. The betrayal of southern Europe is deeper. Greece ...
See all stories on this topic »
Bookie: Greek Government in conflict with EU
Bookmakersinc.co.uk
It was declared by the European Commission that the initial proposal by the Greekgovernment regarding their operating of the Greek online gaming giant OPAP was not in compliance with EU laws. Greece has been expected to generate the funds needed to ...
See all stories on this topic »

Bookmakersinc.co.uk
50 years of Father Veronis
Lancaster Newspapers
Pastor of Annunciation Greek Orthodox Church and his wife reflect on half a century in Lancaster. By JON RUTTER Father Alexander Veronis opened the door of Annunciation Greek Orthodox Church and stepped inside. Blown-glass windows reduced the harsh ...
See all stories on this topic »

Lancaster Newspapers
Eight Days That Changed an Island Forever
Today's Zaman
Lefteri was born in the UK to Greek Cypriot parents who fled the island after the 1974 intervention in Cyprus. As such she understands the intimate triangle of ties between Britain, Turkey and Greece. She uses powerful prose to expose the good and bad ...
See all stories on this topic »

Today's Zaman
Debt, downgrade and Saudi Arabia
Al-Bawaba
Fears that EU institutions were not being bold enough to confront this problem were heightened last week when the European Central Bank (ECB) choose only to purchase (and thereby lower borrowing costs) only Greek, Irish, and Portuguese bonds. ...
See all stories on this topic »
Change is a constant for former Neuqua star Wisdom-Hylton
Chicago Sun-Times
She has also spent time in France and Greece. “Israel is more Americanized, so you can adapt easier,” Wisdom-Hylton said. “Everyone speaks English. My first year in Greece was tough. They speak Greek. It's a different lifestyle. ...
See all stories on this topic »
Salivating while training for the Disney Wine & Dine Half Marathon
Washington Times
I'm also eating a lot of Greek salads and fish. Les poissons, les poissons, how I love les poissons. (Bonus points if you know what Disney movie that's from). It's paying off. Since I started my official training plan three weeks ago, I've already ...
See all stories on this topic »

Washington Times
Why 2011 won't be a repeat of 2008
Troy Media Corporation
The European sovereign debt problem is very serious, and a Greek government default could still lead to a run on European banks. The euro could fly apart. China is dealing with inflation and fears of inflated asset prices, particularly in real estate, ...
See all stories on this topic »
Fragile peace
Oman Daily Observer
The two countries have been at loggerheads since Macedonia proclaimed independence from the former Yugoslavia in 1991, with Greece insisting that the use of the name Macedonia implies a claim on Greek territory. UN-led negotiations have so far been ...
See all stories on this topic »
Book Review: "The Eagle Has Two Faces" by Alexander Billinis
Cape Cod Today (blog)
It was not until the early 20th Century that the last of these lands, including Northern Greece, where my own parents were born, was freed from Ottoman rule. This left what are now the Balkan states 500 years behind the progress of the rest of Europe. ...
See all stories on this topic »
S&P puts Cyprus on CreditWatch negative
Taipei Times
However, a number of Cypriot banks are heavily burdened by Greek debt and S&P said the “-banking system's capacity to absorb shocks emanating from a further deterioration in Greece's public and private creditworthiness is not unlimited. ...
See all stories on this topic »
Debt Crisis Solutions Getting Dumb and Dumber
The Market Oracle
There is no reason a plan like this couldn't entail losses for current bondholders the way the latest Greek rescue is supposed to. It should. These rescues have always been about protecting EU financial institutions as much as anything. ...
See all stories on this topic »
Greek taxi drivers step up strike, block traffic - Yahoo! News
Read 'Greek taxi drivers step up strike, block traffic' on Yahoo! News. ATHENS ( Reuters) - Taxi drivers blocked major roads across Greece Monday, stepping up protests against ... (Reporting by Harry Papachristou; Editing by Ingrid Melander) ... The World's 25 Most Valuable Companies: Apple Is Now On Top ...
news.yahoo.com/greek-taxi-drivers-step-strike-block-traffic-0...
Economy | Greece.GreekReporter.com Latest News from Greece
Greek News on Politics, Sports, Entertainment & Economy ... However, as of now, no further action has been [...] Read the full story ...
greece.greekreporter.com/category/money/
Striking Greek taxi drivers step up blockades | 6abc.com
Striking Greek taxi owners have stepped up their protests after fresh negotiations with the ... Watch ACTION NEWS at NOON at your desk! | CLICK HERE ...
abclocal.go.com/wpvi/story?section=news/business&id...

Tensions Over Illegal Immigrants In Greece Rises
NPR
It's a sad story — one of hundreds — but many Athenians are losing sympathy. They blame a big rise in violent crime here on immigrants. Police data shows that homicides and robberies doubled between 2009 and 2010. Tasos Boulis, the Greek owner of a ...
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Inside the Greek Volcano
New York Times
It would have been even stronger with more attention to how Greece, the United States and the larger global economy could now start avoiding the mistakes made over the last 20 years. I turned the last page struck by two questions, both of which flow ...
See all stories on this topic »

New York Times
Mykonos Grill offers taste of Greece in renovated Ketner Center
Salisbury Post
By Robin M. Perry SALISBURY — “A taste of Greece — fresh and healthy” is what the menu for Salisbury's new Greek restaurant, My-konos Grill says. At the Ketner Center, you will be amazed at the transformation of the building from a retail clothing ...
See all stories on this topic »
Eurozone's problems present UK with great risks
Telegraph.co.uk
The programme called for massive, if unspecified, European public investment to help revive the Greek economy. An effective plan must reduce the debt burden of the over-indebted countries. Debt levels in Greece must be reduced by around 40pc to 60pc ...
See all stories on this topic »

Telegraph.co.uk
Coming Week Market Movers: Willcommen, Bienvenue, Contagion!
Business Insider
There were reports of Asian banks now cutting off overnight lending to French banks, and the 6 largest US  money funds also stopped buying short term French bank debt. Each day brought news of trading suspended in assorted Italian stocks, ...
See all stories on this topic »
The eurozone: it's a pyrrhic victory for the eurosceptics
The Guardian
Now they are being told that they must either finance eurobonds or contribute to a bailout fund of such a size it would raise interest rates and possibly endanger the creditworthiness of France. The betrayal of southern Europe is deeper. Greece ...
See all stories on this topic »
Growth stalls across the eurozone
The Independent
Both leaders have called for their parliaments to ratify the latest Greek bailout by the end of September and have backed the European Central Bank to buy bonds when necessary to stop contagion. But some of Germany's coalition politicians have ...
See all stories on this topic »
The Beginning Of The Endgame
Business Insider
In Greece it is 70000.' To get around pay restraints in the calendar year the Greek government simply paid employees a 13th and even 14th monthly salary—months that didn't exist. 'There needs to be a change of the relationship between people and the ...
See all stories on this topic »
Bookie: Greek Government in conflict with EU
Bookmakersinc.co.uk
It was declared by the European Commission that the initial proposal by the Greek government regarding their operating of the Greek online gaming giant OPAP was not in compliance with EU laws. Greece has been expected to generate the funds needed to ...
See all stories on this topic »

Bookmakersinc.co.uk
50 years of Father Veronis
Lancaster Newspapers
Pastor of Annunciation Greek Orthodox Church and his wife reflect on half a century in Lancaster. By JON RUTTER Father Alexander Veronis opened the door of Annunciation Greek Orthodox Church and stepped inside. Blown-glass windows reduced the harsh ...
See all stories on this topic »

Lancaster Newspapers
Holiday plans ruined
Malta Independent Online
Fear that has led thousands of Greek investors to pull their money out of the banks. Fear that is being fomented by extremists that can lead to political consequences in the future. Now we have an as yet unclear austerity in Italy too. ...
See all stories on this topic »
Eight Days That Changed an Island Forever
Today's Zaman
Lefteri was born in the UK to Greek Cypriot parents who fled the island after the 1974 intervention in Cyprus. As such she understands the intimate triangle of ties between Britain, Turkey and Greece. She uses powerful prose to expose the good and bad ...
See all stories on this topic »

Today's Zaman
Debt, downgrade and Saudi Arabia
Al-Bawaba
Fears that EU institutions were not being bold enough to confront this problem were heightened last week when the European Central Bank (ECB) choose only to purchase (and thereby lower borrowing costs) only Greek, Irish, and Portuguese bonds. ...
See all stories on this topic »
'Gov't failed to anticipate the crisis,' UK Economics professor says
Buenos Aires Herald
Unfortunately, the bail-out plans implemented by the IMF and the European Union may not be adequate, provided that the Greek sovereign debt matures relatively soon; in around 6 years. Therefore, the restructuring of its debt may soon become necessary. ...
See all stories on this topic »
Economy Watch: It's All About Europe, Stupid
Seeking Alpha
As the above chart shows (click to enlarge), a Greek default/restructuring on its $500 billion of debt is a foregone conclusion; the only issue now is how serious the haircut will be. The likelihood of a Portuguese ($225 billion of debt) or Irish ($160 ...
See all stories on this topic »
World view bleak but picture looks brighter in the Middle East
The National
Europe has its own set of ills to contend with, most prominently a crippling sovereign debt crisis that started in Ireland, Greece and Portugal but now threatens to spread to Spain and Italy. The European Central Bank recently kept interest rates at ...
See all stories on this topic »

The National
Sailors (new and old) find their dream boats with Find a Crew
Sail World
I have always wanted to see the Greek Islands and as it turns out, I will be celebrating my 67th Birthday the day I arrive in Greece!' No newcomer to sailing, Suzanne has been racing out of Royal Queensland Yacht Squadron for many years, with WAGS and ...
See all stories on this topic »

Sail World
Change is a constant for former Neuqua star Wisdom-Hylton
Chicago Sun-Times
She has also spent time in France and Greece. “Israel is more Americanized, so you can adapt easier,” Wisdom-Hylton said. “Everyone speaks English. My first year in Greece was tough. They speak Greek. It's a different lifestyle. ...
See all stories on this topic »
European shares recover on big Wall Street gains
BusinessWeek
The euro was also seemingly unaffected by the French and Greek data, trading 0.3 percent higher at $1.425. Earlier in Asia, the session was far less volatile than of late. Hong Kong's Hang Seng added 0.1 percent to 19620.01. Australia's S&P/ASX 200 ...
See all stories on this topic »
Salivating while training for the Disney Wine & Dine Half Marathon
Washington Times
I'm also eating a lot of Greek salads and fish. Les poissons, les poissons, how I love les poissons. (Bonus points if you know what Disney movie that's from). It's paying off. Since I started my official training plan three weeks ago, I've already ...
See all stories on this topic »

Washington Times
Why 2011 won't be a repeat of 2008
Troy Media Corporation
The European sovereign debt problem is very serious, and a Greek government default could still lead to a run on European banks. The euro could fly apart. China is dealing with inflation and fears of inflated asset prices, particularly in real estate, ...
See all stories on this topic »
Fragile peace
Oman Daily Observer
The two countries have been at loggerheads since Macedonia proclaimed independence from the former Yugoslavia in 1991, with Greece insisting that the use of the name Macedonia implies a claim on Greek territory. UN-led negotiations have so far been ...
See all stories on this topic »
Book Review: "The Eagle Has Two Faces" by Alexander Billinis
Cape Cod Today (blog)
It was not until the early 20th Century that the last of these lands, including Northern Greece, where my own parents were born, was freed from Ottoman rule. This left what are now the Balkan states 500 years behind the progress of the rest of Europe. ...
See all stories on this topic »
S&P puts Cyprus on CreditWatch negative
Taipei Times
However, a number of Cypriot banks are heavily burdened by Greek debt and S&P said the “-banking system's capacity to absorb shocks emanating from a further deterioration in Greece's public and private creditworthiness is not unlimited. ...
See all stories on this topic »
Debt Crisis Solutions Getting Dumb and Dumber
The Market Oracle
There is no reason a plan like this couldn't entail losses for current bondholders the way the latest Greek rescue is supposed to. It should. These rescues have always been about protecting EU financial institutions as much as anything. ...
See all stories on this topic »
Greek taxi drivers step up strike, block traffic - Yahoo! News
Read 'Greek taxi drivers step up strike, block traffic' on Yahoo! News. ATHENS ( Reuters) - Taxi drivers blocked major roads across Greece Monday, stepping up protests against ... (Reporting by Harry Papachristou; Editing by Ingrid Melander) ... The World's 25 Most Valuable Companies: Apple Is Now On Top ...
news.yahoo.com/greek-taxi-drivers-step-strike-block-traffic-0...
Greece in panic as it faces change of Homeric proportions | World ...
Fear is driving a silent bank run in Greece – but some see the government's austerity plans as a ... guardian.co.uk, UK and World news, User comments, Web ...
www.guardian.co.uk/world/2011/aug/01/greece-panic-change
Economy | Greece.GreekReporter.com Latest News from Greece
Greek News on Politics, Sports, Entertainment & Economy ... However, as of now, no further action has been [...] Read the full story ...
greece.greekreporter.com/category/money/
BBC News - France and Greece feel economic strain
Meanwhile, the Greek economy shrank by 6.9% in the second quarter, ... 'Act now to avoid recession'. The collapse in financial markets is seen as a warning ... The latest retail sales report from the Commerce Department is expected to ...
www.bbc.co.uk/news/business-14503196
Greek Stock Market Tumbles to 14-Year Low - FoxNews.com - Fox News
Fox Report. Weekdays 7p et ... America's News HQ. Weekends 12p et ... Debt- ridden Greece became the first European Union country to seek an international ... Knight Vinke Upgrades Holding, Now Has 20.01% Stake In Kesa Electricals ... Latest picks for debt panel spark some pessimism · Bachmann: I'm a 'real person, ' ...
www.foxnews.com/.../greek-stock-market-tumbles-to-14-year-...
Striking Greek taxi drivers step up blockades | 6abc.com
Striking Greek taxi owners have stepped up their protests after fresh ... 6abc. com - WPVI Philadelphia News. WPVI-TV Philadelphia, PA ... Comment Now; Share. Loading ..... Sponsored Content. Advertisement ... Share this Story ...
abclocal.go.com/wpvi/story?section=news/business&id...

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