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Daily Archives: March 30, 2012

Abbot Ephraim of Vatopedi Monastery to be Released on Bail

  A big Bravo to the Greek prison system that managed to bring a defendant in custody to reason and brought him to denounce crime for ever and ever. Abbot Ephraim, accused for the Vatopedi Monastery  land swap will be relased exit the prison cell after three months in custody. Abbot Ephraim …

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Greek Bank Deposits Fell 2.7% in February 2012

Greek bank deposits fell 2.7% in February, data from the central bank showed Thursday, as households continued to use their cash reserves to make ends meet. Total deposits held by domestic residents and companies fell by EUR4.6 billion to EUR164.38 billion in February. The 2.7% decline on the month comes …

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Bundesbank: No ban on Sovereign Debt Collateral from Greece, Ireland & Portugal

UPDATE: Germany΄s Bundesbank said on Monday (April 2/2012) that it will continue to accept all euro zone sovereign bonds as collateral in its lending operations, rejecting media reports that it had stopped taking debt from EU/IMF programme countries. On March 30, German daily Frankfurter Allgemeine Zeitung reported, that Germany’s Bundesbank …

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Greek Survey: “No Sex, We have Austerity…”

This is one of the most tragic impacts of the loan agreements between Greece and its lenders on the debt-ridden society. Memorandum I and II seems to have triggered a dramatic ‘haircut’ in the sexual life of the Greeks. Sharp decrease of libido apparently goes hand in hand with the sharp increase …

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EC Report – Greece: Unemployment, Income Losses, Poverty

Greece is going from bad to worse. That’s no news, but when it comes summarized through the official data from the European Union it is really impressive.  In its querterly report on employment and the social situation in the opean Union, the European Commission states that 370,000 jobs were lost in the first three quarters …

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Baker Fined for Distributing Free Potatoes to His Customers

While speculators continue to operate undisturbed, the Ministry of Development has exhausted its severity and the law in punishing a baker for handing out free potatoes to his customers, two weeks ago. According to daily “Eleftheros Typos”, the Ministry fined the baker with 5,000 euros. A statement issued by the General Secretariat of …

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Greek PM Papademos Does Not Rule Out 3rd Bailout Package

Greece’s Prime Minister Lucas Papademos said on Friday the country was making every effort to avoid a third bailout package but said he could not rule out the need for one. “Some form of financial assistance might be necessary but we have to work intensely to avoid such an event,” …

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