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Monthly Archives: August 2011

Kos: A Heart for Strays

The little furry ball is hardly two months old. Like every puppy she is curious and loves cuddles and hugs. Her favorite playground is the garden, with all the bushes and the trees, offering great hiding places and adventures. She walks in a clumsy puppy manner and rolls over when she …

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The News Can’t Wait…

Hardly had KTG put a step away from home and important events occurred. The first was the merger of the private Greek banks Alpha and Eurobank under the friendly blessing and financial backing of Qatar – the Gulf state that Greece had been long struggling to win for investments. The …

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Far-Right MP Heralds Closure of Greek Indymedia

 Greece’s education reform bill for the universities that among others abolishes the University asylum, made some people more happy than one would have thought. According to news portal news247,  Adonis Georgiades, MP of the far-right party LAOS (Popular Orthodox Rally) heralded in his private television programme that the police will close the …

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Athens Stock Exchange Sends S.O.S. as Banks Suffer -20% in a Week

Athens Stock Exchange continue to fall after the immense pressures on the local banks that suffered losses of – %. The National Bank declined  below €3, reaching €2.92 with losses of 2.99%.  The Banks Index is  at 539.35 units with losses of 2.23%, while only Bank of Cyprus in green …

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Greek Fin Min : Economy in Purgatory

Obviously influenced by the wildfires burning thousands of acres of agricultural and forests land across the country, Greek Finance Minister used a poetic language to describe the situation of the Greek economy. “We are on fire but we are not burning. We must be careful not to burn down the country”, …

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Dramatic Young Dolphin Rescue By Greek Volunteers (picts, video)

Swimmers at a Gytheion beach were more than alarmed to see a dolphin swimming in the area, living behind a trace of blood. Men, women and even chilrden rushed to capture the small dolhin and bring it to rescue. A wonderful and touching story showing also that there is indeed …

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Greece Seeks International Aid Against Wildfires (videos)

Wildfires have been raging for three consecutive days in Leykimi area of Evros, in North East Greece, burning down thousands of acres. The area has been declared in a state of Emergency as very strong winds broaden the fire front and hinder fire brigades from taking the situation under control. …

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Athens Stock Exchange Keeps Downward Trend, closes at 889 units

Athens Stock Exchange had another bad day, as it found itself in the stranglehold of sellers. However after some fluctuaction it managed to save its prestige and limit its losses of -1.77% and remained under any dignity level at 889,17 units.  On the board, the General Index ended with losses of 0.42% …

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Argument over Shipping Ministry Prompts Papandreou’s Close Aide to Resign

This came suddenly and unexpected. Alternate Minister of Development Haris Pampoukis submitted his resignation to Greek Prime Minister George Papandreou on Thursday after an argument over the Ministry of Merchant Marine, a Ministry that is being established and abolished since years. Two days ago Pampoukis, responsible for  Development, Competitiveness and Shipping, proposed …

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Germans to Aid Greeks Become Better People

A German delegation headed by State Secretary for Economy & Technology Stefan Kapfer arrived in Athens to discuss with Greek politicians green investments, privatizations and tourism. Also the establishment of an independent investment bank with the assistance of the KfW was discussed. Greek Minister for Development and Competitiviness Michalis Chryssochoidis told reporters after …

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Di Caprio and Lively Enjoy Summer in Zakynthos? (video)

That’s a news items from the category ‘lighter note to economic misery’. Hollywood start Leonardo di Caprio enjoys holidays in the beautiful island of Zakynthos. According to unconfirmed information of Greek media, Leonardo di Caprio takes pleasure in the aquamarine waters of Zante together with his new girl friend Blake Lively. The two …

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Troika Shows Greece a Bunch of Yellow Cards over Delays

Oh Oh Oh! I see a storm gathering over our Greek heads again. The Athens Stock Exchange is falling anew,  the Finance Minister warns us of ‘tough next two months’ and the Troika shows Greece the one yellow card after the other.  I could summarize the whole issue in a few words: …

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Greeks Open Umbrellas – It Rains Taxes Again…

Today’s news lulls me sweetly. Running around the whole morning to fix issues does not exactly promote inspiration, clear thinking, cool analysis and sorting out. Today’s news is not good. As it hasn’t been in the last months. Increasing unemployment and one in five companies preparing to close. The market has dried …

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Athens Stock Exchange Hits New Low and Losses at -3.15%

Athens Stock Exchange had a hard day today and plunged -3.15%. After moving between profits and losses it stuck at a historic low of  911 unit. Since the beginning of August ASE has lost some 20%. Where are my blue chips? At the bottom of the barrel…  Athens market is still trapped …

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German Minister’s Collateral Proposal

Germany is apparently in need of Gold. Otherwise I can’t explain how comes a German Minister jumps in in the collateral discussion and claims ‘rescue’ packages of  eurozone members-countries should be covered by guarantees, as gold reserves  and shares in state industries. Speaking to German state broadcast ARD, Labour and Social …

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Why Feel Miserable, When Horoscope Forecasts Success?

The day started with the wrong key. Also the previous day did not finish at its best. This morning I have to fix some issues outside. Have to leave home rather in a hurry. Have not enough time to drink my coffee. The box of corn-flakes  looking with an empty glance …

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(Upd) Fireman Found Tragic Death in Blaze in Mani

A fireman paid with his life his devotion to duty.  Konstantinos Kastris, 49, the commander of Fire Brigades on Gytheio found tragic death in a blaze at Vathi area of Mani, in South Peloponnese. Kastris was inspecting the blaze and sent his driver to get additional aid as the fire was …

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Dissidents enter Libyan Embassy in Athens

Following closely the developments in Tripoli, a group of members of the Libya community living in Greece, invaded this morning the Embassy of Libya in the north suburbs of Athens. Several men entered the embassy building chanting anti-Gaddafi slogan, took down the official flag of the country and hoisted the one of …

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