WSJ:Greek Depositors Withdrew $898 Million From Banks Monday
Monday 28th of May 2012 05:58:33 PM
Posted by admin / Under Greek Mythology In Popular Culture
| ATHENS—Greek depositors withdrew €700 million ($898 million) from local banks Monday, the country's president said, as he warned that the situation facing Greece's lenders was very difficult. |
EXCLUSIVE: GREEK GOVERNMENT ROBBED PUBLIC INSTITUTIONS TO COMPLETE BOND SWAP
Monday 28th of May 2012 05:58:33 PM
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Bank of Greece complicit in broadscale embezzlement revealed by respectable Greek health site... The illegally denied default of Greece entered a dramatic new phase this afternoon with the revelation by mainstream Greek public health website Health News that, shortly before midnight on March 8th – the eve of Greece's psi completion on Friday March 9th – on average 70% of public utility funds in varous large, interest-bearing accounts at the Bank of Greece were raided. These included most of the state's regional hospital budgets, various universities, and (it is alleged) at least one utility company. The shortfalls came to light...
Second Greek bailout in reach despite funding gaps
Monday 28th of May 2012 05:58:33 PM
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| BRUSSELS (Reuters) - Euro zone finance ministers inched towards approving a second bailout for debt-laden Greece on Monday that would resolve Athens' immediate repayment needs but seems unlikely to revive the nation's shattered economy. Agreement on a 130-billion-euro rescue package on strict conditions would draw a line under months of uncertainty that has shaken the currency bloc, and avert imminent bankrupcty. As the ministers met, officials were struggling to make the numbers add up. EU sources said they had to cut a further 6 billion euros, via various means, to make the financing work, and private investors might have to... |
Wise Men from the East and the Feast of the Epiphany of the Lord [Ecumenical]
Monday 28th of May 2012 05:58:33 PM
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| Wise Men from the East and the Feast of the Epiphany of the Lord Wise Men from the East | Sandra Miesel | The Feast of the Epiphany of the Lord We Three Kings of Orient are,Bearing gifts we traverse afar. . . . Who were these gift-bearing kings, these Wise Men of the East? What has their mission meant to Christians across the ages? The Wise Men—not yet called kings—make only a single appearance in Holy Scripture. St. Matthew's Gospel (Mt 2:1-12) tells of their arrival in Jerusalem shortly after the birth of Jesus. They have come seeking the... |
Greek Bank Run Hits The Big Time...
Monday 28th of May 2012 05:58:33 PM
Posted by admin / Under Greek Mythology In Popular Culture
| Greek Bank Run Hits The Big Time... Joe Weisenthal Dec. 6, 2011, 2:00 PM On Drudge right now... the red link goes to this story about Greeks taking money out of their bank accounts. |
Greeks claim having found Alexander the Great’s tomb, Ark of the Covenant
Monday 28th of May 2012 05:58:33 PM
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| Athens. It is believed that the tomb of Alexander the Great and the Ark of the Covenant have been found on the Greek Island of Thasos, announced Russian Grekomania.ru, which is information partner of the Greek Minister of Culture and Tourism. |
Greek PM, opposition leader reach deal
Monday 28th of May 2012 05:58:33 PM
Posted by admin / Under Greek Mythology In Popular Culture
| Greek Prime Minister George Papandreou and opposition leader Antonis Samaras have agreed on a new coalition government, the office of the country's president said on Sunday. |
Greek Leader Calls Off Referendum on Bailout Plan
Monday 28th of May 2012 05:58:33 PM
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| After a tumultuous day of political gamesmanship, Prime Minister George Papandreou called off his plan to hold a referendum on Greece’s new loan deal with the European Union, opened talks on a unity government with his conservative opponents and vowed to continue in office despite rumors he would resign. In an address to his party’s central committee on Thursday evening, Mr. Papandreou said there was no need for a referendum now that the opposition New Democracy Party had said it would back the debt deal. He invited that party to become “co-negotiators” on the new deal. “The question was never... |
Civil Disobedience in Greece Grows Over Government's Austerity Measures
Monday 28th of May 2012 05:58:33 PM
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| Greeks have launched a wave of civil disobedience against the embattled government's austerity measures designed to appease international creditors, which provided rescue loans to the country. The latest example of rebellion is the Athens municipality of Nea Ionia, where authorities are urging people not to pay a much reviled new property tax being charged through electricity bills. "Our constituents can't pay, they don't have the ability to," Nea Ionia mayor Iraklis Gotsis said. "We consider the new tax to be illegal. But in essence, the truth is our people just can't pay." |
EU official: banks agree 50 pct cut on Greek debt
Monday 28th of May 2012 05:58:33 PM
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| BRUSSELS (AP) — Private investors agreed Thursday morning to accept losses of 50 percent on their Greek bonds, a European Union official said, removing the last apparent roadblock to a broad plan to solve the continent's debt crisis. The deal with private creditors would significantly cut Greece's debt load, the very problem that kicked off the eurozone's debt drama almost two years ago. At an emergency summit in Brussels, European leaders had already agreed to force banks to raise euro106 billion ($148 billion) by June — partially to ensure they could weather the expected losses on Greek debt. They also... |
Why It's Actually A Big Deal That Greek Bond Haircuts Talks Have Been Suspended
Monday 28th of May 2012 05:58:33 PM
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| Why It's Actually A Big Deal That Greek Bond Haircuts Talks Have Been Suspended Simone Foxman Oct. 26, 2011, 9:53 AM Talks on the losses private Greek bondholders will take are deadlocked and have been suspended. This news just hit the wires from Bloomberg. So far, U.S. markets don't seem to care. However, this could be a big deal, for two reasons: - Debt sustainability in Greece is virtually impossible without significant writedowns of sovereign debt. The numbers are just too big to allow for anything else. More private sector involvement (perhaps coupled with public sector involvement) is seen as... |
Greece adopts austerity bill amid protests (union rules changed, abbrogates agreements two years)
Monday 28th of May 2012 05:58:33 PM
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| The parliament approved a painful set of austerity measures on Thursday, defying violent protests in central Athens and a general strike which shut down much of the country. The government won the parliamentary vote with 154 votes in favor and 144 against, despite the decision by one deputy in the ruling party to oppose one article in the package. The victory should ensure the European Union and International Monetary Fund release a vital 8 billion euro loan tranche which the government needs to keep paying its bills past November. The mix of deep pay and pension cuts, tax hikes and... |
Woman scavenging through Athens rubbish bins is a Greek heiress called ONASSIS
Monday 28th of May 2012 05:58:33 PM
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| She looks like any old bag lady scavenging for cast-offs in the rubbish as the world looks the other way. But this is no ordinary woman - she is Olga Onassis, 90, a woman linked by marriage to one of the richest dynasties in the world. She has now fallen, like her country, on desperate times. She is a regular at a church soup kitchen in the Greek capital Athens and roots around in the overflowing garbage containers of the city for clothes. |
Baker Serves Cocaine-Sprinkled Cookies to Greek Funeral Guests
Monday 28th of May 2012 05:58:33 PM
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| ATHENS -- A Bulgarian baker was arrested after serving cocaine-sprinkled cookies to guests at a Greek funeral, news website Novinite reported Wednesday. Mourners phoned for help after the traditional Greek cookies caused them to act strangely, and police discovered the cookies were sprinkled with cocaine instead of powdered sugar. The baker, who is a Bulgarian national, was involved in drug trafficking and sent the cookies to the funeral service by mistake, police said. |
Editorial: Greece’s Only Cure Is The Free Market
Monday 28th of May 2012 05:58:33 PM
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| Debt Crises: What a sorry spectacle to watch Greeks rioting in the streets in reaction to austerity measures. As if tantrums can change reality. It's Exhibit A of how socialism infantilizes citizens. The only cure is free markets. As Greece's legislature heads for a vote Wednesday to cut the size of its government by $40 billion in exchange for the last $17 billion of a $156 billion International Monetary Fund bailout on July 3, the world's television screens are flooded with images of young "indignantes" calling a riotous 48 hour-strike in Athens. Steeped in socialism for decades, these Greeks see... |
Thoughts on the Greek Madness
Monday 28th of May 2012 05:58:33 PM
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| Anyone who has lived in Greece can see why the question of default or a “haircut” is not a matter of if, but when. It is a wonder that crazy things have lasted as long as they have there. The symptoms are well known: Tax evasion is now an art form and a matter of pride; pensions are absurd to the point of caricature; the public sector is self-righteous, bloated, and inefficient; and what little industry there is does not meet European standards of efficiency and productivity. [....] Finally, there is no way out except either sudden or gradual default... |
Time's Up: Greece Default Turns Violent
Monday 28th of May 2012 05:58:33 PM
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| The crisis in Greece took another step forward today as opposition leader have asked Greek Prime Minister George Papandreou to step down. In response, Papandreou offered to resign. Unfortunately, Papandreou placed strings on the offer. Party Defections Reduce Papandreou's Majority to 4 VotesPapandreou's majority in parliament is a mere 4-5 votes out of 300. In recent days members of his socialist PASOK party have defected over austerity measures.With a slim and potentially vanishing majority, Papandreou is not in a position to be demanding much of anything. Indeed, his offer to resign with strings attached, increases the likelihood he will be... |
Sea Peoples invade: 1192–1190 BC
Monday 28th of May 2012 05:58:33 PM
Posted by admin / Under Greek Mythology In Popular Culture
| Modern methods are slowly helping us build a history of the Heroic Age. The exploits of the Sea Peoples are perhaps not as distinctly preserved in the Greek tradition as those of the Achaeans who sacked Troy, probably sometime during the 1180s BC, with the nostos of Odysseus recently dated to 1,178BC. The lack of distinct information may be, in part, due to the fact that the Sea Peoples were active mostly away from the Aegean, and in lands where Greek colonization did not occur centuries later, and hence were cut off from the Aegean world. The memory of the... |
Greek vs. US Debt
Monday 28th of May 2012 05:58:33 PM
Posted by admin / Under Greek Mythology In Popular Culture
| Many countries have restrictions and requirements on doctors, nurses, lawyers etc. Greece carries the idea to extreme. According to Keep Talking Greece "closed professions" include beauticians, drama and dance school instructors, bakers, antiques dealers, insurance agents, insurance consultants, employment consultants, diagnostics centre staff, translators, divers, cameramen, driving school instructors, cab drivers, tourist bus drivers, newspaper stand owners, electricians, sound technicians, private school owners, tobacco sellers, gun manufacturers and sellers, hairdressers, private investigators, port workers, real estate agents, lifeguards, carpenters, financiers, opticians, auditors, movie/theatre director and even car mechanics. Restrictions will be lifted July 2. That is a much needed maneuver, and the... |
Comparing Christianity and the New Paganism
Monday 28th of May 2012 05:58:33 PM
Posted by admin / Under Greek Mythology In Popular Culture
| Comparing Christianity and the New Paganism The most serious challenge for Christianity today isn't one of the other great religions of the world, such as Islam or Buddhism. Nor is it simple atheism, which has no depth, no mass appeal, no staying power. Rather, it's a religion most of us think is dead. That religion is paganism — and it is very much alive. Paganism is simply the natural gravity of the human spirit, the line of least resistance, religion in its fallen state. The "old" paganism came from the country. Indeed, the very word "paganism" comes from the Latin... |
Catholic Word of the Day: ALPHA AND OMEGA, 02-21-11
Monday 28th of May 2012 05:58:33 PM
Posted by admin / Under Greek Mythology In Popular Culture
| Featured Term (selected at random):ALPHA AND OMEGA A symbol witnessing to the divinity of Christ. Words spoken by Jesus of himself: "I am the Alpha and the Omega, the beginning and the end, who is, who was, and who is to come, the Almighty" (Apocalypse 1:8). This combined symbol is often used in conjunction with the cross and together are favorite symbols in ecclesiastical decorations on altars, walls, and vestments. All items in this dictionary are from Fr. John Hardon's Modern Catholic Dictionary, © Eternal Life. Used with permission. |
Zorba the Greek' composer: I’m anti-Semitic
Monday 28th of May 2012 05:58:33 PM
Posted by admin / Under Greek Mythology In Popular Culture
| Weisenthal Center demands Theodorakis be stripped of International Music Prize; composer: "US Jews behind Greek economic crisis." Mikis Theodorakis, best known for composing the musical score to the film Zorba the Greek, recently declared on Greek television that he was “anti-Israel and anti-Semitic.” “Everything that happens today in the world has to do with the Zionists,” was one such comment. Another was “American Jews are behind the world economic crisis that has hit Greece also.” Theodorakis also blasted Greek Prime Minister George Papandreou for establishing closer relations with Prime Minister Binyamin Netanyahu, who was guilty, he said, of “war crimes... |
Greece follows U.S. example by building giant border wall to keep out illegal immigrants
Monday 28th of May 2012 05:58:33 PM
Posted by admin / Under Greek Mythology In Popular Culture
| The Greek government has unveiled plans to construct a wall along its 128-mile land border with Turkey in order to tackle the influx of illegal immigrants. Interior minister Christian Papoutsis said the wall was a necessary measure after more than 100,000 people illegally entered the Mediterranean nation last year. But the plans - which have compared with the 650-mile barrier along sections of the border between the U.S. and Mexico - have been criticised by the European Commission as a 'short-term measure' that does not deal with the root of the problem. Read more: http://www.dailymail.co.uk/news/article-1343885/Greece-follows-U-S-example-building-giant-border-wall-illegal-immigrants.html#ixzz1A5Sq0itZ |
Uproar Over Greek Priest's Jew-Hating Rant (Israel)
Monday 28th of May 2012 05:58:33 PM
Posted by admin / Under Greek Mythology In Popular Culture
| The European Jewish Congress (EJC) called Wednesday for the Greek Orthodox church to remove the Metropolite of Piraeus, Seraphim, after the high-ranking priest sounded an anti-Semitic rant on Greek TV. Speaking on the morning show on Mega-TV, the largest television station in Greece, Seraphim blamed world Jewry for Greece's financial problems. "Mixing Freemasons with Jewish bankers such as Baron Rothschild and world Zionism, the Metropolite said that there is a conspiracy to enslave Greece and Christian Orthodoxy," JTA reported. He also accused "international Zionism" of trying to destroy the family unit by promoting one-parent families and same-sex marriages. Thirteen minutes... |
Flights cancelled as Greek civil servants walk off job (Total shutdown)
Monday 28th of May 2012 05:58:33 PM
Posted by admin / Under Greek Mythology In Popular Culture
| Athens, Oct 7 (DPA) Civil servants in Greece embarked on a 24-hour strike Thursday in protest over the government's austerity programme, forcing the closure of public institutions, and the cancellation of dozens of domestic and international flights. Schools, municipal offices and universities were shut, while hospitals were operating on emergency staffing. Flights to and from the country were grounded for four hours as of 1200 GMT after air traffic controllers joined the strike. Greek airlines Olympic Air and Aegean Airlines cancelled 40 domestic and international flights. Other airlines were also affected, officials at Athens' International Airport said. More than 2,000... |
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