Greece and the economic crisis 2018
NEWS ARCHIVE - Feb 1 - Feb 6
February 6, 2018
"A banker working on the deal who was not authorised to speak to the press said: “Clearly nothing is happening today. Whether we wait a day or a few days — nothing has been decided.” On Monday Greece mandated five banks to work on the deal, with the transaction “expected to be launched and priced in the near future subject to market conditions”.
Greece takes rain check after savage equity sell-off - Reuters
"The decision not to proceed contrasted with business as usual for higher rated borrowers. Finland for example is set to print a €3bn April 2034 benchmark on over €9.25bn of demand."
Novartis-Gate sets Greece’s political arena on fire as those allegedly involved strike back - Keep Talking Greece
"...On Monday, Corruption prosecutor Eleni Touloupakis and two assistant prosecutors hand transferred the first part of the case file to Supreme Court prosecutor Xeni Dimitriou with the request to submit it to the Palriament under the Law regarding “Ministers’ Responsibility.”
Greek Govt Alleges Official Ties to Drug Bribery Scandal - NY Times
"Although politicians are shielded from prosecution by parliamentary immunity and strict statutes of limitation, they are liable to prosecution for money-laundering offences — a tactic frequently used in the past by public prosecutors."
February 6th 1913: 105 years ago Greece became the first nation to use aircraft to bomb ships! - Protothema
"...a French-made Maurice Farman two-seat aircraft, equipped with floats to convert it into a seaplane, took off into the morning sky. It belonged to the Royal Hellenic Navy, and aboard were the pilot, Greek army 1st Lt. Michael Moutoussis, and the observer, navy Ensign Aristidis Moraitinis. Their mission was to reconnoiter Turkish fleet dispositions at Nagara Point in the Dardanelles."
The Novartis case - Naftemporiki
"The possibility of unlawful payments by state and other agents for the unfair promotion of products aimed at market dominance is at the heart of the international Novartis research."
February 5, 2018Toskas defends police estimate of turnout at 'Macedonia' rally - eKathimerini
"...Organizers claimed that turnout was much higher: between a million and a million and a half. In comments to ANT1 television, Toskas said that the estimate given by ELAS was "entirely accurate" and "has nothing to do with political expediency."
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February 4, 2018
"It is the second such protest in recent weeks - demonstrators rallied in Thessaloniki, the capital of the Macedonia region, on 21 January."
February 3, 2018Government on edge for 'Macedonia' protest in Athens - eKathimerini
"Around 1,500 buses have been chartered to bring demonstrators from the provinces to the capital where the rally is to begin at Syntagma Square at 2 p.m. Most conservative New Democracy MPs are expected to attend."
Greek Cypriots to vote in runoff in hopes of peace deal
"President Nicos Anastasiades is looking to reprise his triumph over left-leaning Stavros Malas in 2013 when the two men faced each other. Earlier polls had shown Anastasiades beating Malas convincingly in Sunday's runoff, but Malas' strong showing in last weekend's first round of voting might make it a closer race."
February 2, 2018
"Noting that the ESM is a lender of last resort for euro area countries, and with its predecessor, the EFSF, it has disbursed a total of €273 billion in loans to five countries: Ireland, Greece, Portugal, Spain and Cyprus. “Four out of these five are now success stories. They have ended their programmes, and their growth rates are among the highest in the euro area,” the ESM chief said."
"Just a month in, an initiative aimed at reducing consumers’ dependence on plastic carrier bags by charging for them appears to be bearing fruit, as some supermarkets have recorded a drop of as much as 50 percent."
February 1, 2018
"The sovereign has mandated Barclays, BNP Paribas, Citigroup, JP Morgan and Nomura for the transaction, which is likely to have a seven-year tenor."
"The rate was down from 1.65 percent in an auction on Jan. 3. It had been as high as 4.96 percent in June 2011."
Europe: Greece to need significant supervision, reforms for 10 years - Poandpo
"Costello said there several reforms pending, noting that some of the deeper, structural reforms would require up to 10 years to be properly enforced and start bearing fruit."