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Archive - 2011

November 18th

BNP Paribas to close its branches in Greece

18 November 2011 / 14:11:44  
The largest French bank has been represented in Greece since 1981, but will withdraw because of the questionable liquidity and solvency of the Greek banking system.


Thousands of participants and occasional clashes during the commemoration of the events at the Polytechnic University

17 November 2011 / 22:11:58  
According to organizers, the processions involved 30,000 people. The police claim they were two times less. Security forces captured 78 and arrested 11 participants in clashes.


November 17th

Cypriot deposits of natural gas proved less than expected

17 November 2011 / 20:11:01  
The drilling results in plot 12, called Aphrodite, show that the capacity of the region is around 85-255 billion m3 of natural gas. This is much lower than the initial assessment of the exploring company Noble Energy.


Moderate optimism in the first report of the action group for Greece

17 November 2011 / 17:11:45  
Horst Reichenbach has announced the "roadmap" for Greece. The country loses € 60 billion from unpaid taxes.


The fate of the Greek foreign debt is decided in Frankfurt

17 November 2011 / 15:11:38  
Deutsche Bank CEO Joseph Ackerman and Charles Dallara will discuss the process with representatives of the European Commission. Greek bankers cut wage costs to withstand the pressure.


Frontex: Every day 300 illegal immigrants are registered on the Greek-Turkish border

16 November 2011 / 22:11:49  
The traffic of illegal immigrants to Europe has doubled because of the revolutions in the countries of North Africa at the beginning of the year. They believe from Frontex that the situation will not change significantly in 2012.


November 16th

There must be elections because society wants them

16 November 2011 / 21:11:57  
"Greeks do not feel that today's Parliament represents them. If no elections are held, the anger we see during protests will become a social explosion," says the New Democracy deputy Simos Kedikoglou in an interview with Anastasia Balezdrova.