Friday , February 7 2025
Home / News (page 969)

News

ALDI: Biggest German Discounter flees Greece!

German biggest discounter Aldi  closes its doors in Greece. “The group ended the operations of its 38 branches,” the company said today Friday. “There it just doesn’t function as it should, “said a spokeswoman, according to Austrian Kleine Zeitung.  The project was deemed as “not sustainable”. The German group has …

Read More »

Uneployment Rate shocks Greeks

Almost 600.000 Greeks are jobless and the unemployment rate reached 11,9% according to National Statistics Office data released earlier today. The April report disclosed that 130.000 Greeks lost their source of income within one year. Unemployment rate is 11,9%  in April 2010. In comparison it was 11,6% in March 2010 …

Read More »

Greek Banks First Merger: Piraeus’ Checkmate – Background

 Piraeus Bank, the  fifth-biggest lender in Greece, has submitted a proposal to the Greek government to buy “significant stakes” in two Greek state-controlled banks, the Agricultural Bank of Greece-ATE and the Hellenic Postbank-TTE,  Piraeus Bank CEO Mihalis Sallas announced in a Press Conference in Athens two hours ago. The Greek government …

Read More »

Piri Reis: the Naval Ship that makes Greeks Angry

 The “Piri Reis” has not entered in the Greek continental shelf, said National Defence Minister Evangelos Venizelos and sent Turkey the  message  that “in any case it will be done what’s necessary.” Piri Reis, the Turkish naval research ship, has done it again. It has started to carry out ‘seismic research  …

Read More »

Greeks: Ready to Migrate at 38% – Eurobarometer Report

Thirty-eight to one hundred Greeks and 48 in a hundred EU-citizens  is ready to leave the residence and to move to another area or country,, if unemployed and facing problems finding work. These results from the Eurobarometer survey, released a couple of days ago  in Brussels, concern the geographical mobility in the …

Read More »

Greek Banks: Stress Tests and Mergers Rumors -upd

While European Regulators sit curled over the papers of  8 Greek banks to undergo a stress test on kidneys and heart,  false  “hairdressers” and  prophets speculate on  possible “haircuts” on government bonds.  Scepticism on bank’s exposures  to Greek Bonds goes around together with rumors about due mergers and stakes’ sales. REUTERS reported Tuesday that EU …

Read More »

Jennifer Lopez Cancels Controversial Concert in North Cyprus

  With a  statement in her official site Jennifer Lopezannounced the cancellation of her controversial concert in Northern Cyprus on July 24. The short statement reads: “Jennifer Lopez would never knowingly support any state, country, institution or regime that was associated with any form of human rights abuse. After a full …

Read More »

Greek Banks: Stress Tests, Haircuts and Mergers

Hot weather and stress are both known to cause sweating. Currently the majority of Greeks are loosing volumes of sweat due to recession stress and the bankers don’t seem to be  exception to the rule. Eight Greek Banks are waiting the official result of CEBS’s stress tests to be disclosed on July …

Read More »

Greeks protest Animal Abuse

The news always “electrocutes”  the animal lover: it is about a dog set on fire or hanged on a tree,  about neighborhood cats being poisoned,  about pets abandoned with no food or water on a balcony, kitten and puppies thrown in the garbage container, an animal hit by car and left …

Read More »

STRATFOR: Greece…. is truly alone!

Loss of geopolitical role in the Balkan region, significant political instability, social violence, economic bankruptcy and exit the euro zone are some of the pessimistic forecasts for Greece as stated in “The Geopolitics of Greece: A Sea at its Heart” STRATFOR-Global Intelligence report on Greece. In the 10-page analysis released on June 28, …

Read More »

Verdi’s “Aida” in Athens

“Aida” is one of my favorite operas. I love the italian opera ( By the way every time I speak of the ‘italian opera” I recall the scene in “Some like it hot” movie where the club “Friends of the Italian Opera” are brutal mafiosi). Anyway I love the italian opera …

Read More »

Greek Crisis Finally Explained – Part 3

Greek Crisis Finally Explained – Part III  one more amazing Animation by the Greek Web Graphics Group: nomintutube with Greek Subtitles www.nomint.gr

Read More »

Second VAT increase! Not angry yet?

  Second increase of VAT in 3 months! It’s 29°C outside….. The sun is shining… a  light brise blowing from NorthNorthWest…  That’s fairly pleasant for the season. So why do Greeks feel as if they live in a horrible heat wave? The answer is simple: Today, July 1st , hundreds of …

Read More »

Greece monitors Turkish Vessel in Northern Agea Sea – seeks Explanation

Greece says it has asked Turkey to explain the presence of a Turkish naval research vessel in the northern Aegean Sea. A Foreign Ministry statement released Wednesday says the “Cesme” hydrographic and oceanographic vessel is outside Greek waters, between Thrace and the island of Samothraki. But it says the vessel …

Read More »

National Bank of Greece denies Talks with Qatar

National Bank of Greece Says Not in Talk With Qatar June 30, 2010, 7:06 AM EDT By Christos Ziotis June 30 (Bloomberg) — National Bank of Greece SA, the country’s biggest lender, said it’s not in talks to sell a stake to the Qatar Investment Authority. The sovereign wealth fund …

Read More »