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Syndicated News from Greece

Greeks making a new start in Cyprus

Date Added: Fri, 18 May 2012 17:36:43 GMT

Greeks making a new start in Cyprus
Kathimerini
Most will succeed as hundreds of Greeks before them who have found jobs in tourism, catering, financial services and education, as well as in one of the 1500 Greek businesses that have relocated to the Eastern Mediterranean island in the last 20 months ...

and more »

Greek Americans give ailing tourism another boost

Date Added: Fri, 18 May 2012 19:27:19 GMT

Greek Americans give ailing tourism another boost
Kathimerini
After gracing New York City's iconic Times Square with a giant billboard depicting images of classic Greek scenes -- the Acropolis, a cafe table with two wooden chairs -- in March and April, the Up Greek Tourism campaign has unveiled another -- this ...
CNBC: Greek tourism is starting to suffer from fewer bookingsCapital.gr (press release)

all 3 news articles »

Greek winemakers see crisis as glass half-full

Date Added: Fri, 18 May 2012 08:16:20 GMT

Greek winemakers see crisis as glass half-full
Kathimerini
By Leslie Gevirtz The winemakers, visiting New York as part of an international promotional tour, doubted Athens would leave the euro-zone even after Fitch Ratings Agency downgraded Greece's sovereign debt on Thursday, calling the country's exit from ...

and more »

Fitch downgrades Greek banks after sovereign cut

Date Added: Fri, 18 May 2012 19:28:16 GMT

Fitch downgrades Greek banks after sovereign cut
Kathimerini
Fitch lowered its ratings of Greek banks Friday in the wake of its cut of the country's sovereign rating. Fitch put the new rating for the National Bank of Greece, Efg Eurobank Ergasias, Alpha Bank, Piraeus Bank and Agricultural Bank of Greece at CCC, ...

and more »

Merkel's hint at referendum makes waves

Date Added: Fri, 18 May 2012 19:37:51 GMT

Financial Times

Merkel's hint at referendum makes waves
Kathimerini
Merkel ìconveyed some thoughtsî about a possible referendum during a telephone conversation with Papoulias in which she emphasized Europeís determination to help Greece emerge from the crisis, the new government spokesman Dimitris Tsiodras said in a ...
Merkel Called Greek President To Clarify German Position -SpokesmanCapital.gr (press release)
Balkans.com Business News Correspondent - 18.05.2012Balkans.com Business News

all 2,856 news articles »

Greek exit could cost eurozone 100s of billions of euros

Date Added: Thu, 17 May 2012 14:00:11 GMT

Globe and Mail

Greek exit could cost eurozone 100s of billions of euros
Kathimerini
By Paul Carrel A Greek exit from the eurozone could expose the European Central Bank and the currency bloc it seeks to protect to hundreds of billions of euros in losses, landing Germany and its partners with a crippling bill. A Greek departure would ...
EU, ECB working on Greece exit contingencyCapital.gr (press release)
Greek exit from the eurozone would have disastrous consequences for the regionBalkans.com Business News

all 6,934 news articles »

Greeks not alone in bank savings exodus

Date Added: Thu, 17 May 2012 14:25:24 GMT

USA TODAY

Greeks not alone in bank savings exodus
Kathimerini
Greek savers may be gripped by a «great fear that could develop into panic» in the words of President Karolos Papoulias, but many Greeks shifted their money to safer havens in Britain, Switzerland, Germany and Nordic countries long ago.
Greece?s interim Cabinet sworeCapital.gr (press release)

all 2,231 news articles »

Greece to hand Olympic flame to London

Date Added: Thu, 17 May 2012 12:35:22 GMT

Greece to hand Olympic flame to London
Kathimerini
Greece formally hands over the Olympic flame to a London delegation led by Princess Anne and including David Beckham on Thursday at the Panathenaic stadium where the first modern Games were held in 1896. Seb Coe, chairman of the London organising ...

and more »

Schaeuble urges Greek politicians not to make 'false promises'

Date Added: Fri, 18 May 2012 07:55:15 GMT

Financial Times

Schaeuble urges Greek politicians not to make 'false promises'
Kathimerini
German Finance Minister Wolfgang Schaeuble said on Friday that market turmoil surrounding the euro zone crisis could last another 12 to 24 months and he urged Greeks to decide whether they wished to stay in the single currency. "Regarding the crisis of ...
German Fin Min Expects Markets To Calm In 12 To 24 MonthsCapital.gr (press release)

all 152 news articles »

OBR Chote: Greek Exit Could Have Lingering Economic Impact In UK-Report

Date Added: Fri, 18 May 2012 17:09:22 GMT

OBR Chote: Greek Exit Could Have Lingering Economic Impact In UK-Report
Capital.gr (press release)
LONDON -(Dow Jones)- A Greek exit from the euro zone could send the UK economy into a deep recession that would have lingering consequences for the country's public finances, the chairman of the UK budget watchdog said in an interview Friday.

and more »
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Results 1 - 10 of Headlines for Greece

Greece Headlines

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GREECE FINALLY SEES SUCCESS AGAINST TERROR GROUP

Date Added: Wednesday, July 24th, 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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