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Archive - 2011

Trade unions do not want a referendum, but a change in politics

01 November 2011 / 18:11:55  
Recent events do not make trade union leaders confident and they believe that a referendum on the European future of Greece is beyond the issues that require an immediate solution.


Bank of America estimates that Greek banks need almost 14 billion euros after the debt haircut

01 November 2011 / 16:11:11  
National Bank of Greece, Eurobank EFG, Alpha Bank and Piraeus Bank will need a major infusion of capital after the macroeconomic crisis of the country has dropped their shares and they lost most of their value last year and a half.


Default is possible in case of a negative Greek vote

01 November 2011 / 15:11:17  
According to Fitch, the referendum announced by the Greek prime minister dramatically raises the stakes for Greece and the eurozone.


Tax authorities draw a bead on Greek deposits in Switzerland

31 October 2011 / 22:10:44  
According to some estimates, Greek deposits in Swiss banks reach 200 billion euros. Tax authorities will inspect 1,700 property owners who they think have invested most of the undeclared income in real estate.


Papandreou announced a referendum and asked for a vote of confidence for the new debt contract

31 October 2011 / 22:10:29  
Minutes after the speech of the Greek Prime Minister, the opposition leader Antonis Samaras requested to meet President Karolos Papoulias.


October 31st

Greek bankers furious at Papandreou

31 October 2011 / 21:10:01  
Cutting the face value of Greek bonds by at least 50% as part of the solution to the debt crisis has caused a serious split between the Greek bankers and the Greek government. The fate of CDS is not clear yet.


In 2012, Greek media will remain with only half of the staff

31 October 2011 / 20:10:44  
The elimination of collective and the introduction of individual bargaining, combined with layoffs in some media are threatening the professional future of many of their employees, said the participants in a conference organized by the Athens Journalists Union.