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Archive - Oct 2011

October 28th

Crisis has created opportunities for the development of local branded rather than imported goods

28 October 2011 / 17:10:42  
Creative nature of man presupposes productive activities, which identifies the individual and allows for the development of the spirit of entrepreneurship, said for GRReproter the President of the union of manufacturers of fashion apparel Nikos Giannetos.


In the long run, the rescue of Greeks depends on the Greeks themselves

27 October 2011 / 23:10:46  
The professor of economics at the University of Athens Panagiotis Petrakis explained GRReporter the reasons that have led to the defeatist cut of the Greek debt and why the whole Euro Area is concerned with the problems of small Greece.


October 27th

Lower Parliament budget, but deputies have lost only one wage

27 October 2011 / 18:10:54  
However, Parliament employees will bear the lion's share of cuts. They will be deprived of any additional payments and allowances as provided by the government decisions adopted for all public sector employees.


Church business in Qatar

27 October 2011 / 17:10:06  
The head of the Greek Orthodox Church visited Qatar in an effort to find investors to boost the church income that have decreased because of the crisis. According to church sources, the priorities are development of photovoltaic parks, marble extraction and use of large property.


The Greek foreign debt will be cut by €100 billion

27 October 2011 / 14:10:55  
By the end of the year, the European Commission and international financiers will prepare the new support programme for Greece, which will be valid until the end of 2014. It is at the expense of a 50% haircut of government bonds held by pension funds and other financial institutions.


Unemployment, low competitiveness and cumbersome administration are the curses of Greek economy

26 October 2011 / 23:10:17  
The task force of the European Commission notes that the role of the support group is only advisory and it is intended to facilitate the process of structural reform.


A teenage girl torched during a "satanic ritual"

26 October 2011 / 21:10:08  
The third girl told how the boys had cut her hand and held it above the Bible in order the blood to leak into it and torched Kirstie at the same time.