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Archive - Apr 28, 2010

€120 billion for Greece from the three year rescue mechanism

28 April 2010 / 13:04:58  
Spread-index of the 10-year Greek government bonds surpassed the critical 1025 basis points. In other words, if today Greece had to be credited from international financial markets the interest rate would have been around 13 percent - a percentage known to go with credit cards and not with crediting countries.

Panathinaikos' goals - works of art

28 April 2010 / 11:04:01  
100 years from the founding of the great Athenian football club, the greens - Panathinaikos, became reason for the exhibition of 80 young artists, who are inspired by the goals of the team.

IMF pressure for emergency measures unleashes more strikes

28 April 2010 / 10:04:48  
European Union and International Monetary Fund press the Greek Government to implement reforms in the pension system. Enraged trade unions of employees in the private (GSEE) and the public sector (ADEDY) announced their third consecutive 24-hour strike on May 5.

Protests carrying the spirit of revolution

28 April 2010 / 09:04:17  
"IMF - out!" was the main slogan of the protest on Tuesday night in downtown Athens. Frown, moody, angry crowds of unhappy people roamed around the sidewalks with propaganda leaflets and protest banners in their hands. "All together in the fight against the corrupt system – let us stop the anti-social measures of the European Union and the IMF", "Imperialists – out!", were part of the slogans chanted by the protesters.

Standard & Poor's: Investments in Greece are junk, speculative and high risk

28 April 2010 / 08:04:04  
Finance Minister George Papakonstantinu playing the role of Nietzsche: Greece will emerge stronger from the crisis but still markets did not believe him; the index of the Athens Stock Exchange collapsed under 1700.00 points, spread-index exceeds 700 points.