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Syndicated News from Greece

EU ÏÊs Greek Recapitalisation Scheme For Banks

Date Added: Fri, 03 Sep 2010 10:25:35 GMT+00:00

Greek Reporter (blog)

EU ÏÊs Greek Recapitalisation Scheme For Banks
Capital.gr (press release)
The European Commission Friday said it has authorised under EU State aid rules a scheme for the recapitalisation of credit institutions in Greece by the ...
EU Clears EUR10 Billion Greek Recapitalization Plan For BanksCapital.gr (press release)

all 10 news articles »

FinMin: No need to restructure debt

Date Added: Fri, 03 Sep 2010 16:03:18 GMT+00:00

Greek Reporter (blog)

FinMin: No need to restructure debt
Athens News Agency
(ANA-MPA) -- Evidence is consistently accumulating that Greece will not need to restructure its debt in the end, Finance Minister George Papaconstantinou ...
Papaconstantinou: ?No Problem? Meeting 2010 Deficit TargetCapital.gr (press release)

all 20 news articles »

Greece May Target Greeks Who Live Abroad With Special Bonds

Date Added: Fri, 03 Sep 2010 08:48:16 GMT+00:00

Greece May Target Greeks Who Live Abroad With Special Bonds
Capital.gr (press release)
The time when Greece will return to the markets is still uncertain, even if the economic team expressed optimism and hope that this will be feasible within ...

and more »

Greece is considering putting off VAT hikes scheduled for next year

Date Added: Fri, 03 Sep 2010 08:48:38 GMT+00:00

Greece is considering putting off VAT hikes scheduled for next year
Balkans.com Business News
Greece is considering putting off a decision to shift several goods and services into the 23 percent VAT category, from 11 percent currently, ...

IMF: No Greek Deafult

Date Added: Thu, 02 Sep 2010 08:24:41 GMT+00:00

IMF: No Greek Deafult
Capital.gr (press release)
The International Monetary Fund said Wednesday that jitters on a Greek default are overrated but warned that many countries are piling up massive debt. ...

and more »

'Toxic' algae in Lake Kastoria

Date Added: Fri, 03 Sep 2010 08:19:08 GMT+00:00

'Toxic' algae in Lake Kastoria
Kathimerini
A form of bacteria that can be highly toxic is present in the waters of Lake Kastoria in northern Greece, scientists say. According to experts from the ...

and more »

Athens: Turkey must lift threat

Date Added: Thu, 02 Sep 2010 17:13:12 GMT+00:00

Hurriyet Daily News

Athens: Turkey must lift threat
Athens News Agency
(ANA-MPA) -- A foreign ministry spokesman on Thursday stressed that Turkey must withdraw a threat to initiate hostilities against Greece in the event that ...
Gov't: Good intentions via actions, not wordsANA

all 105 news articles »

'Positive moves' toward Patriarchate

Date Added: Fri, 03 Sep 2010 16:03:01 GMT+00:00

'Positive moves' toward Patriarchate
Athens News Agency
Speaking during an interview with the Church of Greece radio, Droutsas also pointed out that the road ahead "was long and not easy". ...

and more »

Gaziantep mayor, delegation at Athens city hall

Date Added: Fri, 03 Sep 2010 15:19:02 GMT+00:00

Gaziantep mayor, delegation at Athens city hall
Athens News Agency
The Gaziantep delegation is on an official visit to Greece. Turkey's ambassador to Greece Mehmet Hasan Gogus and deputy mayor for international relations ...

and more »

Nick Calathes scores against Russia

Date Added: Fri, 03 Sep 2010 08:19:07 GMT+00:00

Nick Calathes scores against Russia
Kathimerini
Greece's Nick Calathes evades Russia's Evgeny Voronov to score at the World Basketball Championship in Turkey yesterday. Greece lost the game 73-69 but the ...

Results 1 - 10 of 1 Headlines for Greece

Greece Headlines

Results Page: 1,

GREECE FINALLY SEES SUCCESS AGAINST TERROR GROUP

Date Added: Thursday, July 25th, 2002
Contributed by: RCN Administrator
Athens police July 24 arrested a second suspected leader of the anti-capitalist November 17 militant group, which has claimed responsibility for 22 assassinations -- including of British, American and Turkish diplomats -- over the course of nearly 30 years. A heightened crackdown by Greek police since late June has netted a total of 12 suspected members, including the group’s alleged founder and ideologue, Alexandros Giotopoulos.

With several top leaders and perhaps more than half of its core members in custody, November 17 will have a very hard time reconstituting itself, especially considering the organization’s tightly-knit, familial structure. Its operational capacity has been so severely compromised that even a near-term reprisal is unlikely.

Though Greece may still experience occasional violence from small-scale gangs of random anarchists, driving a stake through the heart of November 17 will improve the country’s reputation for security and reduce fears of a major terrorist attack at the 2004 Olympics in Athens. The recent police roundup -- which benefited from the support of British and U.S. law enforcement agencies -- also should bolster arguments in favor of international cooperation against localized terrorist organizations.

The break-up of one of Europe’s most notorious terrorist organizations has been swift and impressive, especially when contrasted with Greece’s previous failure to arrest a single member of November 17 since it emerged 27 years ago. Despite its past success in carrying out attacks and avoiding capture, the group is actually believed to be quite small.

The International Policy Institute for Counter-Terrorism estimates the core of the organization may be no larger than 20 people, and it now appears that it was also very tightly knit, tied together primarily through family connections.

These characteristics, which helped to make the group so elusive, also contributed to its rapid collapse. The break that Greek police were looking for finally came June 29, when a 40-year-old suspected November 17 member was seriously injured during a botched bombing. Evidence on the scene led authorities to several of the group’s safe houses and a weapons cache, and the suspect’s deposition resulted in the arrest of his two brothers and eight others.

From there, the numerous connections within the group among families and friends allowed authorities to track down and arrest other members. Authorities were even able to confiscate the organization’s infamous "signature" weapon, a .45-caliber Colt 1911 used in at least seven assassinations, including the most recent murder of British military attache Stephen Saunders in June 2000.

If authorities are correct in their assessments of the crackdown, November 17 is very unlikely to launch any retaliatory attacks. Greek police say they have confiscated almost all of its operational equipment and weaponry and that the 12 people in custody represent its core group of operatives. Currently, authorities have named only one wanted suspect still outstanding: a 44-year-old beekeeper believed to be one of the group’s main assassins.

The size and structure of the organization also will make reconstitution difficult. Unlike ethnically backed insurgents such as Palestinian militants, the remaining November 17 members do not have an easily accessible pool of potential members to reorganize, and the group’s radical anti-imperialist ideology will play to only a very narrow population. Finally, its isolated and highly secretive nature makes it unlikely to have broader international connections or support.
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