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Daily Archives: January 21, 2011

SIEMENS scandals report triggers political storm in Greece

A political storm broke up in Greece after a parliamentary committee decided to continue investigations on 13 former governmental  ministers in the Siemens cash-for-contracts scandal and released their names. The committee recommended that five former ministers from (now governing party) PASOK, included ex prime minister Costas Simitis, and seven ex ministers from …

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Fitch’s new Warning over Greece’s further downgrade

This post can be also called “The daily Fitch warning” as it is the third warning to Greece on further downgrading within a single week!   Fitch Ratings said on Friday that there is a continuing risk that euro-region nations will have their credit ratings downgraded, according to Bloomberg. David Riley, …

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The funny side of German intellectual constipation: Greek islands to secure Debt

Greece’s debt is a major nightmare for German financiers, economists and politicians. Every smart or dumb guy  feels obliged to come to word and make public whatever product an army of short circuited brain cells has spit out. Suffering from the lack of intellectual abilities to produce real constructive and innovative proposals the majority …

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Acropolis Museum to stay open until late on Fridays

The New Acropolis Museum will stay open until 10pm on Fridays so that visitors can tour the exhibits while also viewing the floodlit Acropolis at night. The action will start on January 28, 2011.  The museum will also begin a programme for the conservation and restoration of the Caryatid sculptures – …

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EU to block Greece’s carriers Aegean – Olympic Merger?

EU regulators are set to block the proposed merger of Aegean Airlines (AGNr.AT) and Olympic Air (OLY.UL) unless they offer more concessions to encourage rival airlines to enter the Greek market, three sources told Reuters on Thursday. The two Greek carriers suggested some remedies to the European Commission after it …

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