Latest News from Greece
If we want to deal with the economic crisis, we need clear rules. A large number of individuals and businesses have amassed huge debts they cannot service. And some worrying symptoms have already been seen, such as businesses going bankrupt, only to return under a similar guise without paying off their debts to the state and suppliers.
Turkey has been chosen third in the world in 2014 with its 397 blue-flagged beaches, according to the Chamber of Shippingâs (DTO) Ä°zmir Branch.
In 2012, the number of blue-flagged beaches in Turkey was 355, marinas 19 and yachts 13, while in 2013 the number of blue-flagged beaches numbered 383, marinas 21 and yachts 13.
Talks between the coalition leaders last week led to them finalizing the requests that Athens will make regarding the easing of adjustment measures when the troika returns to Greece but European officials have warned that if the government does not stick to its pledges it will be forced to agree to a third bailout.
Cypriot President Nicos Anastasiades is due in Athens on Monday for talks with Greek Prime Minister Antonis Samaras.
Anastasiades will be accompanied by Foreign Minister Ioannis Kasoulides and government spokesman Nicos Christodoulides for talks that are expected to focus on Nicosias reunification talks with Turkish-Cypriots.
Police in Larissa, Central Greece, are searching for the owner of a local investment company who disappeared after allegedly embezzling 1.5 million euros from the firm.
A number of clients invested amounts ranging from 5,000 to 200,000 euros in a bond that would be purchased by the firm, which has been operating for the last 15 years.
Fitch Ratings has upgraded the mortgage-covered bond programs of four Greek banks.
The banks are National Bank of Greece, Alpha Bank, Eurobank Ergasias and Piraeus Bank to B-/Stable/B with a b- viability rating (VR.
The outlook is stable, reflecting that on the respective banks Issuer Default Ratings (IDR).
âIn the event that olive growing activities and other investment fields overlap, other investments and natural resources should be evaluated in terms of whether or not the olive grove is less beneficial than other possible activities.â
This is the Energy Ministryâs justification for the bill it has just prepared, which has been dubbed a âdeath sentence for olive groves.â
Lenders are wary of the upcoming ECB stress tests and institutional handling of nonperforming loans
By Yiannis Papadoyiannis
The improvement in the liquidity conditions at Greek banks, through share capital increases, bond issues and growing deposits, has had no impact on the real economy as it has not been translated into new loan issues.