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Search Results for: climate change

Greek students join global #ClimateStrike for planet protection (videos)

Greek school students of all education levels joined the global rally ClimateStrike on Friday urging governments to move towards the protection of the planet. The Climate Strike is an initiative of 15-year-old Swedish student Greta Thunberg. 12 o’ clock Friday noon, students gathered at Syntagma square in downtown Athens holding …

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Athens Stocks Exchange under pressure, Greek banks in sell off

The Athens Stock Exchange is currently under pressure, as banking stocks are under a strong sell off, with Piraeus Bank to be even moving within the limit down, Greek media report short after 12 o’ clock noon on Wednesday. In particular, the General Index recorded losses of 3.45% at 657.66 …

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Prosecutor finds 36 guilty for the Stock Exchange Crash in 1999

An Athens Appellate Court Prosecutor has found 36 people guilty for the infamous “Athens Stock Exchange Crash of 1999” that caused thousands of small investors to have lost their life savings. It has taken 18 years for an Athens Appellate Court Prosecutor, Athina Theodoropoulou, to find guilty 36 individuals implicated …

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Athens Stock Exchange: “Black Monday” for Greek Banks, losses at 15.86%

I don’t know what happened with the stakes of the Greek banks today. But they massively plunged 15.86% in the Athens Stock Μarket and had some local media described the day as “Black Monday” for the banks. Reason for this disaster was apparently the fear that the recapitalization of the …

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+++ Athens Stock Exchange tumbled with unprecedented losses (upd)

Shock and awe! For second consecutive day, Athens Stock Exchange is on free fall with more than 4 billion euro to have fled during the last two sessions.  The free fall seems to be hard to stop and at 3:50 pm, the General Index shows losses of -9.64%! Ten minutes …

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Athens Stock Exchange at Level of 1993

The General Index of Athens Exchange moves below 700 points for the first time since April 1993, as concern about the debt crisis in Europe intensifies, reaching a peak after Moody’s warning to France. The rating agency said the deteriorating market climate was a threat to the country΄s credit outlook, …

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11:35 pm Athens Stock Exchange on Free Fall

Athens Stock Exchange is in free fall today, reacting negative to the Eurogroup decision to postpone the sixth bailout tranche, amounting 8 billion euro. Other factors influencing negative are the draft budget for 2012, the forecats for the  deficit for 2011, the negative outlook for the state deficit and the increasing debt. …

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Greek Stock Exchange:Mini Crash! What analysts and bankers say

The Athens Stock Exchange experienced today one of the worst session of the last two decades with the Index having returned to the low of March 2009. “Trapped” in the scenarios of debt restructuring and state bankruptcy, Greek Stock Exchange became once again the vulnerable target of speculators. The Athens …

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Greek Summer 2023 without Heat Wave?

The weather in Europe has been unstable in recent days, while Guido Guidi, one of the best meteorologists, predicts that this scenario will be maintained after mid-July. Both Italy and the whole of Europe are going through a strange weather season, since there was practically no spring this year, since …

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Scorching temperatures this summer? Greek expert warns

Weather events and patterns in the Mediterranean indicate that the region, including Greece, will experience a summer as hot if not hotter than the last, which brought successive heatwaves and raised the climate change alarm. “We are watching the evolution of [weather] events in Spain and other countries in the …

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Samaria Gorge opens for visitors in May

The Samaria Gorge on the island of Crete will be ready to welcome visitors in May as the maintenance and restoration works of its main path have started, local authorities said on Tuesday. The work is being implemented by the Management Unit of Samaria National Park and Protected Areas of …

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Eurozone nears end of tight monetary policy cycle, says BoG governor

Eurozone is near the end of a tighter monetary policy cycle, Bank of Greece governor Yannis Stournaras said on Wednesday. He expressed his belief that “we have come close to the end of interest rate increases”. Addressing a conference organized by the Federation of Insurance Companies of Greece, the central …

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Greek defense minister pays solidarity visit to earthquake-stricken Turkey

Greek National Defense Minister Nikos Panagiotopoulos visited earthquake-stricken areas in Turkey on Tuesday, after an invitation by his Turkish counterpart Hulusi Akar. At the country’s Disaster & Crisis Coordination & Management Center in Antakya (Antioch), Akar briefed the Greek minister on latest developments and the current situation. The two ministers …

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Menendez praises Alexandroupolis as “major defense and energy hub”

US Senate Foreign Relations Committee Chairman Bob Menendez called the East Mediterranean as a “promising region” during the 1st East Macedonia & Thrace Forum in Alexandroupoli, examining the role of the region in upgrading Greece’s geopolitical footprint. In a video message, he highlighted the prospects of the region despite the …

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Greece to send humanitarian aid to Syria

Greece is sending humanitarian aid to the εearthquake-striken areas in Syria, that have been devastated by the earthquake in Turkey. A Greek mission is preparing to depart as soon as possible on Wednesday after Syria activated the relevant request to the European Civil Protection Mechanism. According to sources from the …

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Greece to upgrade its infrastructure with “Smart Bridges”

Infrastructure and Transport ministry has launched the large project “Smart Bridges”to upgrade the relevant infrastructure network across Greece. The project is in the final stretch and thus in a sector that, according to all the experiences of the previous years, is suffering: the monitoring and maintenance of public infrastructure. According …

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Conservative Greek PM, left opposition parties congratulate Lula

The conservative Greek prime Minister and opposition parties congratulated the Brazilian president-elect Luiz Inacio Lula da Silva for his victory on Sunday. Prime Minister Kyriakos Mitsotakis congratulated Lula saying in a tweet on Monday that Brazil has a “vital role to play” in dealing with major global challenges including climate …

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Prosecutor orders investigation into Agia Pelagia deadly flood; Anti-flood project under scrutiny

The deadly flood where two people died in Agia Pelagia on the island of Crete has triggered the intervention of the local judicial authorities that ordered an urgent preliminary investigation. The head of the Prosecutor’s Office of Heraklion, Thanasis Galina, ordered on Monday an urgent preliminary examination for the deadly …

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