GREECE News, Aug 23, 2011

Greek Banks To Detail Debt Swap Position By Sept 9 - Report Wall Street Journal 9, financial daily Imerisia reports Tuesday. The Greek daily added that the government expects to complete the overall exchange by mid-October. Specifically, the newspaper says that within the next three weeks, Greece's lenders must inform the ... See all stories on this topic »

Finland Open to New Collateral Model After Austrian Rebuke, Katainen Says Bloomberg Finland's arrangement highlights divisions in the euro area, Moody's Investors Service said in areport yesterday. Bilateral agreements would be credit negative for Greece and other countries nowreceiving, or in line for, bailouts, ... See all stories on this topic »

Greek financial officials move to prop up failing bank Catholic Online By Catholic Online (NEWS CONSORTIUM) Having been the chief catalyst for Europe's economic crisis, the nation of Greece is now scrambling to aid its top four money lenders - National Bank ofGreece, Alpha Bank, EFG Eurobank and Piraeus Bank - that now ... See all stories on this topic »

Greek Finance Minister Expects Recession To Deepen Business Insider Image: AP Greece's finance minister Evangelos Venizelos has said the country's economy is set to shrink more than expected in 2011. The government now expects the economy to shrink by between 4.5% - 5.3%, rather than the 3.9% previously estimated. ... See all stories on this topic » Business Insider

Greek Bias Against Gays Compounds Tourism Gap Bloomberg The group's report is being studied now and the government aims to introduce legislation allowing the registration of gay relationships, a ministry official said by telephone on Aug. 19, speaking on condition of anonymity in keeping with policy. ... See all stories on this topic »

Greek Cuts Erode Livelihoods Wall Street Journal One in four retailers in central Athens has closed, according to the National Confederation of Greek Commerce, a retailer group. Similar closure rates are hittingGreece's other urban areas. The Athens Chamber of Commerce and Industry reportsthat some ... See all stories on this topic » Wall Street Journal

The US Treasury will auction a $35.0B 2-year note today FXstreet.com The Greek and Portuguese spreads underperformed, especially on the shorter maturities. Fears that the second Greek bailout deal might be off/delayed (see above) caused the extra market pressure on Greece and the Greek/German 2-year spread (3700 bps) is ... See all stories on this topic » FXstreet.com

John travels to Greece to help Rovers move Lancashire Telegraph By Andy Cryer » Blackburn Rovers reporter GEORGE John has flown to Greece to move his dream Premier League switch a step forward after Blackburn Rovers had a bid in principle accepted by American side FC Dallas. The Greek-American centre back has been ... See all stories on this topic »

Greek Tourism Workers Stage Strike, Protest Over Cutbacks Wall Street Journal Greece's government, which is struggling to rein in its budget deficit as part of a EUR110 billion bailout it received last year, wants to cut early retirement benefits that tourism workers now receive. The cutbacks, which will also affect dozens of ... See all stories on this topic »

Weekly Market Forecast: Next-Leg-Down Edition Seeking Alpha The European debt crisis continues to intensify with Greece moving to save one of its smaller banks (Proton) from failure. The Greek bank system does not have FDIC-style insurance, so a bank failure there means that the possibility of losing all of ... See all stories on this topic »

Tick Tock National Review Online (blog) By Andrew Stuttaford Now the Bundesbank (the German central bank) weighs in with its latestthoughts on the absolutely final Greek bailout (July edition). This is the key passage (from the bank's monthly report for August): The recent resolutions ... See all stories on this topic »

Why capitalism is choosing Plan B The Guardian That was in the face of the latest government figures showing US consumer price inflation now running at 3.5-4% per year. The contracts that state employees accepted in New York and Connecticut give them 0% wage increases in the first two years and... See all stories on this topic » The Guardian

Ex-Jayhawk Brady Morningstar headed to Greece Lawrence Journal World The 6-foot-4 Lawrence native announced Sunday that he'd reached agreement on a one-year contract with AGO Rethymno, which plays in Greece's top league. Terms were not disclosed. Morningstar's new team reached the finals of the Greek Cup in 2006-07. ... See all stories on this topic »

Trains Helped Kill the Greek Economy – They'll Kill Hawaii's Too Hawaii Reporter In 2009 the Greek railways collected $250 million in fares and posted a net loss of $1.4 Billion. A Billion wasted here, and a Billion wasted there … the rest is history for the Greek economy. Greeceis now in a debt crisis. In 2000 a Greek colleague ... See all stories on this topic »

Greeks look to revive identity on Gökçeada Hurriyet Daily News According to Hristoforidis, the feast of the Assumption of Mary is part of the revival ofGreek culture on the island and demonstrates the different experience of the Gökçeada Greeks, who were not subject to the 1923 population exchange between Greece ... See all stories on this topic » Hurriyet Daily News

Expert: Greece in better pipeline position UPI.com Alexandros Petersen, an adviser to the European Energy Security Initiative at the Woodrow Wilson International Center for Scholars in Washington, wrote Saturday in the Athens daily I Kathimerini that, until now, Greece, though its state-owned gas ... See all stories on this topic »

Libyans overrun Bosnia, Greece embassies News24 They also unfurled the Libya independence banner, the flag originally used by the country before Gaddafi's rise to power in 1969. There were no reports of injuries in the incident. Greek media reported that the Libyan ambassador was not present. ... See all stories on this topic »

Model Call: Ros Georgiou Women's Wear Daily “My mother's Dutch and my father's Greek,” says the shy newbie, who, when not modeling, is a high school student in Athens, Greece. “I think that's why I have such a different look.” Her singularity is paying off — after signing with Marilyn last ... See all stories on this topic »

Ankara acts unilaterally in gas issue, says Greek defense minister Hurriyet Daily News “Essential matters regarding defense cooperation [with Greek Cyprus] concern us,” said Beglitis, adding that the defense of Cyprus is within the core framework of Greece's national strategy. “We will try to continue our cooperation in defense and ... See all stories on this topic »

Fanning the financial crisis: Has regulation gone wrong? INSEAD Knowledge European taxpayers are asked to bail out Greece and other southern European countries to avoid a financial meltdown. The logic is that most Greek and other government debt are held by banks, so if we let these countries default the banks will default, ... See all stories on this topic » INSEAD Knowledge

Lincoln Square's Greek Community Hangs On, Despite Changes Center Square Journal The changing demographic and burgeoning multiculturalism of the area is reflected by Ziad Ihmoud, the owner of Barba Yianni Greek Tavern, 4761 N. Lincoln Ave. As a non-Greek, Ihmoud reflects on the changing environment. “It's international now,” he ... See all stories on this topic » Center Square Journal

Cyprus eyes new austerity as borrowing cost spikes Reuters Preliminary estimates now suggest the economy, one of the smallest in the euro zone, will remain stagnant this year from earlier estimates of 1.5 percent growth. The island's banks are sitting on an estimated 5 billion euros in Greek sovereign debt and ... See all stories on this topic »

S&P's Beers warns of a default Kathimerini Beers had also estimated last month that a Greek default will eventually be inevitable, as will the exit of Greece from the eurozone. S&P brought Greece's credit rating down to CC, from CCC, after the eurozone decision on July 21. See all stories on this topic »

As Ramadan Draws to an End – A look at its Origins and a Greek Woman who Chose ... Greek Reporter She now shares her life with her husband Naim Elghandour, President of the Muslims Association in Greece (MAG) and her children, in Ilioupolis. Anna, has studied Finance and Business Administration though she was and still is professionally occupied ... See all stories on this topic » Greek Reporter

The Temporary Vegetarian: Tomato, Oregano and Feta Risotto New York Times (blog) Now the column ends with a lovely risotto that calls for ripe and deeply flavored, juicy tomatoes, which are at the markets now. The dish is Greek by way of Italy. “It's a contemporary Greek dish inspired by something I tasted in a restaurant along the ... See all stories on this topic » New York Times (blog)

Louis Cruises unveils new A La Carte Dining option aboard the Louis Majesty ... Travel Daily News International Guests sailing onboard the Louis Majesty and Louis Cristal can now more fully experience the sights, sounds and tastes of Greece and the picturesque Greek islands on their next Mediterranean journey with Louis Cruises. See all stories on this topic »

European and US Working Class Politics: Right, Left and Neutered Center for Research on Globalization In Europe, especially among the Mediterranean countries ( Greece , Spain , Portugal and Italy ) unemployed youth, workers and lower middle class public employees have organized a series of general strikes, occupations of public plazas and other forms ... See all stories on this topic » Center for Research on Globalization

Turkey: Bartholomew visits the ruins of Christian sites on the Black sea Spero News And like last year, hundreds of Orthodox Christians flocked to the site from Greece, Russia and Georgia, many of them the descendants of the people who fled these lands. Even though they speak the same Greek dialect and have the same customs of the ... See all stories on this topic »

Remember 'No New Taxes'? American Thinker If you want to understand the Greek meltdown, writes Takis Michas of the Greek national daily Eleftherotypia, you need to know that Greeks have had a large state and a weak civil society ever since the 1800s. Since the 1930s, political patronage has ... See all stories on this topic »

Updated Market Commentary from Ron Mulhenkamp GuruFocus.com That positive development was offset by renewed concerns about European banks' ability to borrow, along with doubts about the approval of the Greek bailout as Finland and other countries look for collateral to secure their loans to Greece. ... See all stories on this topic »

Mixed fortunes Mortgage Strategy There are so many potential flashpoints from Europe, whether it's Greek debt or regulatory changes it is hard to know where to begin. At the macro level there is the sea of debt from Greece to Ireland that is a cause of economic uncertainty and puts ... See all stories on this topic » Mortgage Strategy

Greece expects recession to deepen Arab News After living above its means for years until punishing interest rates forced it out of bond markets,Greece is now only kept solvent by a double rescue loan deal worth 220 billion euros ($317 billion) from its European partners and the International ... See all stories on this topic »

Allways Theatre's 'La Sirena' sings better still Examiner.com There is also a subplot involving Persephone (Frances Rabalais) and Hades (Josh Katz), which attempts to link the mythical Greek underworld to the "hell" Marina is undergoing after her delayed transformation in Act II into one of Dr. Crane's surgically ... See all stories on this topic »

The Gold Standard and Fiat Currency: Metalism vs. Nominalism, Part One Credit Writedowns The first coins were created thousands of years later, in the greater Greek region (so far as we know, in Lydia in the 7th century BC). And in spite of all that has been written about coins, they have rarely been more than a very small proportion of ... See all stories on this topic »

Tourism Workers Stage Strike, Protest Over Cutbacks | Greece ... By Apostolos Papapostolou Greece's government, which is struggling to rein in its budget deficit as part of a EUR110 billion bailout it received last year, wants to cut early retirement benefits that tourism workers now receive. The cutbacks, which will also affect ... Both the strike and the protest, coming at the peak ofGreece's all-important summer tourist season, are seen as further tarnishing Greece's image with visitors abroad. (source: Dow Jones). Latest; People; Events; Tags; Subscribe ... Greece.GreekReporter.com Latest...

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