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Daily Archives: January 11, 2011

Greek women react to Mayor’s arrest

Apostolos Gletsos, the mayor of Stylida arrested for demolishing barriers of all kinds, has been known for being a tough guy in film as well in real life. Thousands of Greek women spent uncountable  in front of television just watching Gletsos and dreaming of his perfect body and bad manners. For the time …

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Police arrested Mayor who demolished Toll Barriers (video, pcts)

Apostolos Gletsos, the mayor of Stylida who teared down the highway toll barriers, has been arrested and was brought before the prosecutor of Lamia earlier today. Police arrested the mayor, who took office in Styilida on January 1, after he demolished highway barriers for second consecutive day. The barriers prohibited the use …

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The Dropper Effect: Shortage of drugs at Greek pharmacies

W all have experienced the same surprise at a Greek Pharmacy. You go ask for a package of humble aspirins and the pharmacists tells you he didn’t got any. The surprise turns into real anger when you ask for specific, vital  medications for chronic ills. No, the pharmacist didn’t got any either, but he …

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Greek Debt passed Crash Test – T-Bills interest rate at 4,9%

 Treasury Bills performance achieved an interest rate below 5%, easing the pressure at the Greek government. In today’s auction 26-weeks (6-months) Treasury Bills worth EUR 1.95 billion were sold with an interest rate of 4,9%. Greek state was seeking fund totalling 1,5 billion euros. The issue was oversubscribed by 3.4 times …

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Athens: Hunting the illegal parking

New Athens mayor, Giorgos Kaminis, is determined to tackle illegal car parking  and give a human face to the historical centre of Greek capital. Since new mayor took office on January 1, municipality policemen are walking around with grim expressions and fine motorists who have parked their cars illegally: mostly on …

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Greek prosecutor sends Goldman Sachs-Simitis-Swaps case to Parliament

Supreme Court Prosecutor Ioannis Tentes on Monday forwarded to Parliament a law suit filed by an Austrian economist against international bankers Goldman Sachs for allegedly exposing the eurozone to danger in 2000-2001 through credit default swaps that allowed Greece to hide the full extent of its borrowing and misrepresent the …

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Crash Test for Greek debt at 6-months T-Bills auction

The first crash test of 2011 for Greek government borrowing is to take place Tuesday morning with Athens to seek  1,5 billion euros by issuing 6-month (26-weeks) Treasury Bills. It is the first auction in short-term debt sales after December pause. Tension is high about the interest rate of the …

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