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Glimmerings of growth in Greece

According to the Foundation for Economic and Industrial Research, or IOBE, Greece’s economy is slated to stabilize this year and may possibly achieve some small growth based on projections.
In the Media by Simon Crompton

Easter pain, revival not just symbolic to crisis-hit Greeks

Athens - Trials, suffering, resurrection: the essence of Easter has a special ring to Greeks as the country hopes to pull through a painful six-year recession.
In the Media by Marina Rafenberg (AFP)

Op-Ed: Greek bonds rally but economy is in terrible shape

Athens - The Greek government bond market rallied recently as the bonds were upgraded by rating agency Standard and Poor. The European Central Bank(ECB) announced that it would accept Greek government debt as collateral for routine lending operations.
In the Media by Ken Hanly - 1 comment

Suspected Greek neo-Nazis get life for murdering Pakistani

Athens - Two suspected members of Greek neo-Nazi party Golden Dawn were sentenced Tuesday to life in prison over the fatal stabbing of a Pakistani immigrant last year, a judicial source said.
In the Media by AFP

Greece's short-term debt rates drop after bond issue

Athens - Greece's short-term borrowing costs tumbled on Tuesday, days after the crisis-hit country returned to medium-term international bond markets for the first time for four years. Athens paid 2.75 percent interest on 1.625 billion euros ($2.
In the Media by AFP

Greek tourism arrivals up 15.5 pct in 2013

Athens - Tourist arrivals in Greece increased by 15.5 percent in 2013, the state statistics agency said Monday, a year when the country stabilised its shaky economy and avoided a messy exit from the euro.Overall, there were over 17.
In the Media by AFP

Protest in Athens against Sunday shopping

Athens - Police in Athens scuffled with protesters opposed to shops opening on Sunday, a week before Orthodox Easter.The incident occurred on the capital's main shopping street.
In the Media by AFP

Greece to issue more bonds after sale success

Athens - Greece will issue more bonds after last week's successful five-year debt sale that ended a four-year drought, the head of the debt agency said Sunday.
In the Media by AFP

Greece's Eurobank to seek 2.86-bn euro capital hike

Athens - Greece's Eurobank on Saturday said its board had approved a 2.86-billion-euro ($4-billion) capital increase, in the latest move by one of the country's biggest lenders to bolster its reserves."The general meeting approved...
In the Media by AFP

Merkel a 'believer' in Greece after tough reforms

Athens - German Chancellor Angela Merkel on Friday said she "firmly believed" there was untapped potential in Greece after years of tough austerity reforms that culminated in a bond comeback this week.
In the Media by AFP

Greece set for milestone return to bond markets

Athens - Greece was set on Thursday for a milestone return to bond markets with a five-year debt sale which also sends a major signal that the eurozone debt crisis is fading.
In the Media by John Hadoulis (AFP)

Booby-trapped car explodes outside Bank of Greece

Athens - A booby-trapped car exploded outside the Bank of Greece in central Athens Thursday but no one was injured in the blast, police said, as Greece was set to return to the debt markets after a four-year absence.
In the Media by AFP

EU court rules that data collection rules violate privacy rights

On Tuesday, a data communications collection requirement was struck down in the European Union and declared invalid, on the grounds that it infringed on basic privacy rights.
In the Media by Jeannie Stokowski-Bisanti

Greece raises 1.3 bn amid bond speculation

Athens - Greece on Tuesday raised 1.3 billion euros ($1.8 billion) with a sale of six-month treasury bills, and looked set to return soon to borrowing for longer periods after being frozen out for four years."Total bids reached 3.
In the Media by AFP

Beloved in antiquity, Greece's hot springs left untapped

Athens - Hercules used them to regain his strength after his legendary labours, Hippocrates lauded their beneficial properties and even a famous Roman general, Sulla, said he owed his health to them.
In the Media by Sophie Makris (AFP)

Greece in 'no hurry' on bond issue

Athens - Greece is in "no hurry" to tap markets with a five-year bond sale which reports said could come as early as this week, Finance Minister Yannis Stournaras said on Monday.“There is no hurry.
In the Media by AFP

Germany's Schaeuble says Greek troubles not EU's fault

Athens - German Finance Minister Wolfgang Schaeuble Sunday defended Europe's handling of Greece's debt crisis, saying there was no easier way to rescue the debt-laden country from crisis. "Unemployment in Greece isn't the result of European policy.
In the Media by AFP

Russia cannot afford 'collapsing state' in its backyard

Athens - Europe issued fresh calls Saturday for dialogue with Russia over Ukraine, warning Moscow it faces having a failed state in its backyard just as it tightens the economic noose on Kiev.
In the Media by Claire Rosemberg, John Hadoulis (AFP)

Greek prison guards charged with torturing inmate to death

Thessalon - Greek prosecutors have charged seven more prison guards suspected of having tortured an inmate to death, bringing the number of defendants to 15, a judicial source said on Friday.
In the Media by AFP

Europe must stand united against Russia 'challenge': Lithuania

Athens - Europe must stand united as Russia challenges the continent's resolve over the Ukrainian crisis unfolding on its eastern borders, Lithuania's top diplomat told AFP on Friday.
In the Media by AFP
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