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Archive - Oct 13, 2011

"War" on waste

13 October 2011 / 22:10:32  
After long hours of chase with the protesting municipal councillors the Greek Minister of the Interior, however, managed to declare that if the strike in landfills continued, waste collection would be commissioned to private companies.


Greek debt voluntary haircut could rise to 50% from the initial 21%

13 October 2011 / 20:10:56  
German bankers have strongly opposed the measure, and Barclays Capital are concerned about the occurrence of a credit event.


The Acropolis is "on strike." Come back tomorrow

13 October 2011 / 19:10:18  
The strike of employees of the Ministry of Culture once again deprived thousands of tourists of the opportunity to visit the Acropolis despite the huge distances they had travelled to get there.


Greek banks have a bailout fund; private insurers do not have one

13 October 2011 / 17:10:07  
Uncertainty is the main problem of the Greek insurance market today. It stems from a dangerous game that started as a public debt crisis and grew into a crisis of the euro. This became clear at the international business forum, "The Future of Insurance in Greece - Poker or Chess?"


Alapis followed the collapse of Proton Bank

13 October 2011 / 12:10:29  
Lavrentios Lavrendiadis’ pharmaceutical company owes almost € 1 billion to banks; it provides nearly all hospitals in Greece with drugs and medical supplies.