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Archive - 2011

September 23rd

Private insurance in Greece is in the red zone, as is the whole country

23 September 2011 / 18:09:44  
Over 10 million euros losses recorded private insurance companies in 2010, according to a report by the Union of Insurance Companies in Greece.


Emporiki Bank exits the Athens Stock Exchange

23 September 2011 / 17:09:42  
After 102-year presence the financial institution withdrew its shares from the stock market, which today suffered another collapse and its index fell below 800 basis points.


PASOK parliamentary group on the brink of decay, Greece awaiting elections

23 September 2011 / 15:09:46  
Greece finds itself on a brink of major political events because MPs from the ruling party are preparing not to vote for the new economic measures and openly want the formation of a coalition government.


Unions fiercely against layoffs in Greece

23 September 2011 / 13:09:39  
The Scientific Institute of the Syndicate of private sector employees (GSEE) provides unemployment rate from 26 percent in 2012 and over a million Greeks will remain outside the labor market.


September 22nd

Clockwork Athens

22 September 2011 / 17:09:23  
"We will not surrender, the measures will not pass," calling out the angry mob, which met early afternoon in front of the University of Athens. Riots are to be expected.


Greek programmer will work for Facebook

22 September 2011 / 17:09:03  
In times of severe financial and debt crisis, unemployment in Greece is racing at breakneck speed, especially among young people.


The crisis is an opportunity for development, says the Greek big business

22 September 2011 / 14:09:09  
The financial crisis poses risks, but also many opportunities, say Greek businessmen who are determined to defy the general negative sentiment in the country.