Today: GREECE News, Aug 24, 2011

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Aug 24, 2011

GREECE News, Aug 24, 2011


Euro Zone Considers New Greek Collateral
Wall Street Journal
But now governments are considering whether illiquid assets such as Greek companies or even real estate could be used, the officials say. One obstacle to such a plan is that much of what Greeceowns is already earmarked to be sold for privatization ...
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The Bund sold off after a strong start of equities
FXstreet.com
Finnish PM Katainen answered “yes” when asked if Finland could drop out of the Greece bailout if collateral is denied. Today, the WSJ reports that euro zone governments are discussing the “brilliant” idea to have noncash Greek government assets (the ...
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Blackburn-bound John still eyes Greece call-up
Kathimerini
By George Georgakopoulos George John has refuted reports he is turning his back on the Greeknational team, with his agent telling Kathimerini English Edition on August 23 that the FC Dallas defender is always interested in the Greek side, ...
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A Greek goddess: Glorious views, beach beauty and villa thrillers in zippy ...
Daily Mail
But for now the islanders carry on with life as usual. Many were furious when a German banker suggested Greece should sell all its islands to repay their debts. The cheek, the arrogance. One Ionian villa owner told me that as the Nazis had caused ...
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Daily Mail
EU Morning Report- Euro rallies after the EU summit
IBTimes Canada
EU leaders agreed on a package on Greece under which Greek debt is exchanged for new bonds of a longer maturity with low interest rates. The deal also ensures that Greek banks will avoid fallout by providing liquidity from the European Central Bank. ...
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Nabucco against the minnows
Asia Times Online
ITGI is a joint project of Italian Edison and Greek state-controlled Desfa/Depa, for transportation of Azerbaijani gas. Edison would purchase the gas for its Italian electricity-generating plants, and Greece for the economic development of its poor ...
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Asia Times Online
Cheese of the week: Bulgerian Feta
Evansville Courier & Press
It crowns Greek salads and gyros, is featured on Mediterranean appetizer plates, and is crumbled onto pizza and pasta to give a Greek flair. Feta-type cheese is native to the Balkan countries. Now, it is made all over the world, although "true" feta ...
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Angela Merkel, stand strong against Euro-bonds!
Jerusalem Post
Greece has managed to rack up debt to a tune of 160% of its Gross Domestic Product (GDP), while Italy's is at 120%. By contrast, Germany owes just 80% – still a high figure. Germany is Europe's most productive nation, and the anchor of the Euro, ...
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Filipino artists lend music to silent films in int'l fest
Inquirer.net
It's the first time for Greece to join the fest, said Ambassador Xenia Stefanidou, because there's only one surviving silent film in their national archives. Described as a staged documentary on war, “The Greek Miracle” (1921) will be accompanied by ...
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Inquirer.net
PRESS DIGEST - Wall Street Journal - Aug 24
Reuters
Euro zone governments are discussing a plan to have non-cash Greek government assets, including real estate, offered as collateral for a new round of rescue lending to Greece. * Euro zone growth remained at a two-year low in August as Germany slowed ...
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Dooomed! Dooomed! We're all doomed! *
Spend Matters UK/Europe
And let's face it; if you were a wealthy Greek, what would you be doing with your resources rightnow? Getting your wealth the hell out of there, I suspect. So anyone want to bet on Greece hitting their deficit reduction targets given the current run ...
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Steve Kean working 'full blast' to make Blackburn signings
The Independent
The centre-back is due in Blackburn today after travelling to Greece to collect a passport given his dual American-Greek nationality. But recruiting another striker is now Kean's top priority, despite the recent signing of David Goodwillie from Dundee ...
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Greece - MFA - Foreign Minister Lambrinidis' statement on the latest ...
ISRIA (registration)
We suspended the operation of the Greek embassy in Tripoli and established diplomatic contacts with the National Transitional Council in Benghazi. We dynamically pursued the initialization of a political process. At our fourth meeting, ...
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Churches in Albania Desecrated
Greek Reporter
As it seems, the Virgin Mary icon is of great value- according to tradition it is one of the 70 icons made by Epistle Loukas the Evangelist-was discovered in a gallery of London and the procedures for its return have already began, while Greek ...
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Greek Reporter
Former US finance chief says euro is 'breaking down'
EUobserver.com
"We have found with Greece a technically suitable model and now the question is what kind of political will there is to support this model," he said. Austrian finance minister Maria Fekter on Tuesday indicated that Vienna will block the Finnish-Greek ...
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Wednesday Newspaper Review - Irish Business News and International Stories ...
FinFacts Ireland
Cosco warned of worldwide ship seizures - - Greek shipowner issues threat over halted payments on charter contracts; One of Greece's most high-profile shipowners has threatened to seize ships belonging to China's biggest shipping company, ...
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FinFacts Ireland
Turkey Boom Most Since Ataturk Lets Erdogan Take Up Masterpiece
Bloomberg
The island republic, an EU member, is effectively partitioned, with Turkish Cypriots controlling the smaller, northern region and Greek Cypriots dominant elsewhere. Erdogan's response to these scattered signs of adversity is typical: to plow ahead with ...
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Victoria Beckham Condemned To Wear Flats
Jezebel
"I think when I go back [to Greece] I'll work more, but for Greek magazines, doing jobs after school. Finishing school is important, and I want to do that before I take anything big on." Smart girl. [WWD] Grammarians, get out your pearls! ...
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Greece Unhappy with Merkel over Macedonia
MINA
Another German daily says that this is not the first mistake by Merkel, "she has been calling 'them' Macedonia sinice 2007". It's not clear how will Chancellor Merkel continue living her life now that the Greek media is upset with her.
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MINA
Wednesday's news and tips
Investors Chronicle
Jyrki Katainen, the Finnish prime minister, has threatened to withdraw support for the Greek bailout in a move that could crush the fragile signs of recovery on global markets. Mr Katainen said that if Finland's bilateral agreement with Greece over ...
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Forex - Japan Flows: JGBs reverse losses; FinMin Noda takes different approach ...
FXstreet.com
The belly regaining traction vs. the wider wings of the 2s-5s-10s 'fly (5y UK-DE -0.9bp) but 10s-30snow +1bp as mkt shifts back on a defensive footing. Spotlight on Finnish-Greek collateral debate which risks blowing the second bailout deal right out ...
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Return to recession
Frontline
Not surprisingly, more than a year later, the Greek crisis intensified. What is alarming is that the problem in Greece or Portugal, in the eurozone periphery, is not staying there. Despite the fact that economic conditions or the debt problem is ...
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Frontline
Zapatero Follows EU Allies in Pledging Law on Budget Rules
San Francisco Chronicle
The government will now be able to secure parliamentary approval by the end of September for enhancing the powers of the EFSF and a second Greek bailout plan proposed at a European Union summit on July 21, Zapatero said. Today's belt tightening comes ...
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Economic chaos with no end in sight
Socialistworker.co.uk
In other cases, such as the weaker eurozone economies of Portugal, Ireland and Greece, governments were forced to turn to the European Union, the International Monetary Fund and the European Central Bank (ECB) for bailouts. They had austerity imposed ...
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Global economy will not suffer another deep recession
People's Daily Online
The European debt crisis triggered by the Greek debt crisis is rapidly spreading to other European countries that face sovereign debt issues, such as Ireland, Portugal, Italy and Spain. According to the latest economic data, the considerable declines ...
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Wordwatch: panic
The Caledonian Mercury
The word panic has its origins in the Greek god Pan. You might think that Pan is an unlikely source of mass alarm. After all, he was the god of nature, pastures, groves, flocks and that kind of thing – and, indeed, it is highly possible that his name ...
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Our Top 11 TIFF 2011 Picks
Torontoist
But hey, now Yorgos Lanthimos is a household name (at least if you live in a Greekhousehold), which just puts more pressure on him. His follow-up, ALPS, seems similarly macabre, dealing as it does with a group of grieving-assistants who work as ...
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Torontoist
Today's Top Stories: S&P President Walks the Plank
Portfolio.com (blog)
(CNBC, Reuters) Economic woes continue for Greece: The Greek government now believes the country's economy will shrink by five percent this year, rather than the 3.9 percent initially predicted. Meanwhile, questions have been raised over whether the EU ...
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Green Man Gaming goes continental
MCV
by Ben Parfitt The company has partnered with retail specialists Next Level Games for the Czech Republic, teamed up with CD Media for a Greek store and is working with Vivida for a Turkey download site. All three digital stores are due in September and ...
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MCV
Some eastern light in the west
Londoner
Giannarapis has been infatuated with the music of that region since he was eight years old, growing up in a deeply rooted Greek family in London. He trained in the accordion at the Ontario Conservatory of Music as a kid, but afterwards went to great ...
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check out Keep Shelly in Athens --- dates & MP3s
Brooklyn Vegan (blog)
by Andrew Sacher Greek electronic duo Keep Shelly in Athens will be making it over to North America this fall to play Fun Fun Fun Fest in Austin, TX. While they're here, they'll play some other dates too. A full tour hasn't been announced (yet? ...
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Brooklyn Vegan (blog)
Forex - Good morning Emerging Europe/Africa! FX HIGHLIGHTS PLN CZK HUF RUB TRY ZAR
FXMarketAlerts.com
USD/Asians: Spate of bad news from the Eurozone concerning divisions over Greek bailout allocations and Moody's Japan downgrade saw EUR briefly slip below 1.4400 as USD strengthened against regional currencies. KRW, as volatile as ever, weakened 0.3% ...
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If a Candidate for President Doesn't Actually Want to Be President Should We Care?
Huffington Post (blog)
At this point no one -- including Newt Gingrich himself -- actually believes the man wants to be president, including his staff, most of whom quit after his Greek campaign swing. (Apparently there weren't as many eligible American voters and donors in ...
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CONCACAF Champions League: Dallas, Toronto seek more than bragging rights
Boxscore News
The 24-year-old, who has United States and Greek citizenship, has left for Athens to obtain a Greek identification card to begin the process for a British work permit. "George flew to Greece [on Monday] to take care of passport issues," Dallas ...
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Boxscore News
'Euro Bonds Would Destroy the Euro'
Spiegel Online
But we have a crisis, and to end it, we need to swiftly restructure the debts of Greece, Portugal and most likely Ireland, as well. We need to give these countries' creditors a reliable type of security. My suggestion would be having one euro bond for ...
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Spiegel Online
Dramatic news – undramatic FX movements
FXstreet.com
In addition, Finland declared that it might want to withdraw from the 'bail-out agreement' made between Europe and Greece if no satisfactory agreement is made about provision of security to Finland. The 2-year yield spread between German and Greek ...
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Burns opts to stay in Europe
SBS
... as he was to Kerkyra in 2009, helping the Greek club win promotion to the top flight. “Nathan has been happy in Greece ... but problem is he wants to be playing more games at this stage of his career, so we will see what happens,” added Mandic.
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Fox Business - Latest News - Greek Banks To Detail Debt Swap ...
9, financial daily Imerisia reports Tuesday. The Greek daily added that ... Specifically, thenewspaper says that within the next three weeks, Greece's lenders ... swap some EUR135 billion in Greek government bonds maturing between now ...
m.foxbusiness.com/quickPage.html?page=32811...1

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