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Archive - 2010

April 23rd

Moody's lowered Greece's credit rating again

23 April 2010 / 09:04:14  
Athens Stock Exchange suffered another record collapse and closed with 3.91 percent decline. Spread-index of the ten year Greek government bonds reached the dreaded 600 basis points, which means that the interest thereon is formed around 8.8 percent. CDS insurance pinned to 565 basis points, which is about 200 points higher than the CDS of Iraq.


April 22nd

Thessaloniki - city of the future

22 April 2010 / 17:04:50  
New technology gurus are gathering in Thessaloniki for the first Festival of Innovation "Thessaloniki: City of Future”, which will be held between May 10 and 16.


Downtown Athens paralyzed because of strikes

22 April 2010 / 16:04:36  
24-hour strike was announced by public sector employees went out on a protest rally in central Athens. Doctors, teachers, ministry officials and state agencies, archeologists and artists protest against government measures. Meanwhile port workers continue their strike action.


Superleague wants independent president

22 April 2010 / 11:04:25  
Superleague wants guarantee the future president will not have ties to any football team.


Greece warns: "Think before entering the eurozone!"

22 April 2010 / 10:04:10  
President of the Confederation of Greek merchants Vassilis Korkidis warns: "Bulgaria should strictly comply with strict requirements listed in the Pact for Stability and Development. This is a very serious step, which deprives the State from making independent decisions about the future of monetary policy."


Markets are tense during the first day of negotiations between Athens, the EU and IMF

22 April 2010 / 08:04:59  
Greek spread-index passed the psychological barrier of 500 points, cds-insurance marks new record , the Athens Exchange and the Euro fell.


April 21st

Over 100 thousand property owners in a black hole between two laws

21 April 2010 / 16:04:42  
After taking office the new Minister of Urban Planning and Environmental Tina Birbili canceled the applicable law until then and gave a six-month "amnesty" for owners of illegal buildings.