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Archive - Dec 2011

December 31st

2011 - the second worst year for the Athens Stock Exchange in 20 years

31 December 2011 / 12:12:51  
The basic price index ended with heavy losses, reaching its lowest levels in the past 19 years, while the index with the highest capitalization FTSE 20 and the banking index recorded a new historical low.

2012 will be a year of severe austerity and living on the edge

31 December 2011 / 12:12:52  
The eurozone remains with fewer members after the middle of February and March, solar eclipses bring serious problems for people with power, new leaders able to find a way out of the crisis come to the fore.

December 30th

Ashton Kutcher enjoys the nightlife in Athens

30 December 2011 / 19:12:39  
He and his company celebrated Christmas in neighbouring Italy and apparently, they have decided to jump to neighbouring Greece to see what the nightlife in Athens is like. Natalia Germanou published in her Twitter profile that five very strong bodyguards and a very large company had surrounded Ashton.

Greek exporters turn to Russia

30 December 2011 / 15:12:58  
GRReporter contacted the Hellenic Foreign Trade Board and Maria Antoniou gave details of the export sector development and their expectations for 2012.

The International Monetary Fund warns that the 50-per cent haircut on the Greek debt is not sufficient already

30 December 2011 / 13:12:18  
Athens Stock Exchange ends the year with three banks less on its panel, financial institutions urgently proceed with sale of shares of subsidiaries, mergers and bankruptcies await insurance companies.

December 29th

Alapis and Proton Bank collapsed because of incompetent management

29 December 2011 / 20:12:16  
In a conversation with Victoria Mindova, the chairman of the trade union organization of the Alapis employees Nikos Livadas gave interesting details of how from a successful firm the pharmaceutical company has come to beggary.

PSI will act as a positive shock to the Greek economy

29 December 2011 / 16:12:14  
This is the conclusion of the Eurobank EFG economists, the government, however, has assessed that the negotiations will take longer than expected.