Tag Archive | "7/28/2012"

7/28/2012: Business: Barclays holdings.

Barclays Plc said it cut its bond holdings in Greece, Cyprus, Spain, Italy, Portugal and Ireland by 22 percent to 5.6 billion pounds in the first half of 2012. Barclays also cut its holdings of German bonds to 1.2 billion pounds from 3.4 billion pounds… Full News here – Kathimerini English

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7/28/2012: Business: Benchmark index inches higher during slow trade

The local bourse posted the third-lowest daily turnover this year at the end of yesterday’s session, leaving little room for conclusions regarding the mind-set of investors and the course of the market. The announcement of Piraeus Bank’s absorption of… Full News here – Kathimerini English

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7/28/2012: Business: Piraeus is absorbing Atebank

Piraeus Bank is set to absorb the so-called healthy section of Agricultural Bank of Greece SA, known as ATEbank, as it was the only lender to table a binding bid for the state-owned lender, the Bank of Greece announced yesterday. As a result, it… Full News here – Kathimerini English

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7/28/2012: Business: Cyprus, troika talks to continue in next weeks

Cyprus will continue talks with European Union and International Monetary Fund officials in the next weeks, government spokesman Stefanos Stefanou said yesterday in Nicosia. “We stressed that the Cypriot economy has the possibility and may respond… Full News here – Kathimerini English

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7/28/2012: Business: OSI seen as last chance Greece has in eurozone

Greece’s European partners are contemplating a fresh restructuring of the country’s debt so as to bring it down to 70-100 billion euros and contain it close to 100 percent of the gross domestic product, according to a Reuters report yesterday. Citing… Full News here – Kathimerini English

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7/28/2012: Business: Hellenic Petroleum to pip DEPA to being sold first

FThe market is discerning shifts in the privatizations program for energy enterprises the Public Gas Corporation (DEPA), the gas grid operator (DESFA), Public Power Corporation (PPC) and Hellenic Petroleum (ELPE). DEPA may be considered ripe for the… Full News here – Kathimerini English

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7/28/2012: Front Page: Arson arrest.

A 40-year-old man was detained yesterday in Papagou, northern Athens, and charged with arson in connection with a forest fire that broke out in the area earlier this month. Officers traced the suspect on the basis of information submitted by local… Full News here – Kathimerini English

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7/28/2012: Front Page: Bloody robbery.

An armed raid on a branch of Hellenic Postbank in the Athens neighborhood of Nea Smyrni yesterday resulted in the manager being shot in the arm when she refused to cooperate with the lone robber. The assailant fled after the shooting with an estimated… Full News here – Kathimerini English

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7/28/2012: Front Page: Military chiefs.

The Government Council for Foreign Affairs and Defense (KYSEA) yesterday officially named the new chiefs of the armed forces. General Michail Kostarakos is the head of the Hellenic National Defense General Staff (GEETHA), while Lieutenant General… Full News here – Kathimerini English

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7/28/2012: Front Page: Inspectors uncover major fraud

Inspections by the Social Security Foundation (IKA) on the island of Chios have determined that six in 10 residents who claimed state benefits for the blind did not have disabilities and were defrauding the system. The widescale fraud is estimated to… Full News here – Kathimerini English

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7/28/2012: Front Page: Gruevski suggests meeting soon with Greek counterpart

The prime minister of the Former Yugoslav Republic of Macedonia (FYROM), Nikola Gruevski, has proposed a meeting with Greek Premier Antonis Samaras. The two leaders could meet on August 2 or 15, September 2 or 15 or on any other date, Gruevski’s office… Full News here – Kathimerini English

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7/28/2012: Front Page: Candidates appeal.

A New Democracy candidate who failed to get elected in the June 17 elections has lodged a complaint with the electoral court, which if successful would lead to the conservatives gaining a seat at the expense of the far-right Golden Dawn party. Such a… Full News here – Kathimerini English

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7/28/2012: Front Page: Make sacrifices count

Determination and the ability to speak honestly to the people are two qualities that Greece’s coalition government needs in abundance right now. Conservative Prime Minister Antonis Samaras has not disappointed in that respect, although the truth is… Full News here – Kathimerini English

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7/28/2012: Front Page: Unionist lambasts troika’s ‘potion’

The head of Greece’s largest labor union launched a stinging attack on the troika yesterday and suggested that the new round of austerity the country’s lenders favor would lead to the Greek economy contracting by more than 5 percent next year. “We… Full News here – Kathimerini English

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7/28/2012: Front Page: Survival of the richest

ka’s technocrats. The breakdown of the sum was presented as follows: It covers 12 monthly visits to a doctor to have prescriptions filled, two checkups a year and a hospital stay of about four days. If a patient requires more than this, he or she will… Full News here – Kathimerini English

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