ATHENS (AP)— Ferries set sail for Greek islands for the first time in a week Wednesday after the government invoked emergency powers to force striking seamen back to work and restore supplies to some of the country's most isolated populations.
NICOSIA (AP) —Russia is likely to contribute money to a rescue package that Cyprus is trying to finalize with eurozone partners, the cash-strapped country's finance minister said Tuesday.
Greek PM Antonis Samaras will be embarking on a series of visits to countries outside the EU in a bid to attract badly needed foreign investment. First stop is Qatar, an important possible source of investment for the Greek government – visits to Russia and China are also to follow, early in the year.
01/25/2013 WASHINGTON, DC—The American Hellenic Institute (AHI) met with Darren Scott, senior analyst, Atlantic Planning and International Network Planning for United Airlines, on January 17, 2013, in Chicago, to explore possibilities of establishing a direct route from a major United hub in the United States to Athens, Greece. AHI is working in collaboration with the American Hellenic Educational Progressive Association (AHEPA) to boost tourism to Greece in the effort to help its economy.
Parliament's preliminary investigative committee checking into possible criminal liability of former finance minister George Papaconstantinou over the "Lagarde list" issue started work on Wednesday.
FRANKFURT (AP)—The world's financial and political elite will head this week to the Alps for 2013's gathering of the World Economic Forum in Davos, Switzerland, with the global economy far less plagued by fear than it was last year. Much-feared worldwide panics from a collapse of the euro currency union have been avoided. China appears likely to remain an engine of global growth. Stocks are off to a running start in the New Year.
New IMF report highlights progress but challenges still remain enormous. The IMF released a 260 page report on Friday in which it acknowledges the difficulties of the Greek restructuring program. “Greece is attempting to achieve an unprecedented amount of fiscal and current account adjustment under a fixed exchange rate, with a massive debt overhang, and weak confidence. ”
ATHENS (AP) —Greece's Parliament was debating Thursday whether to launch criminal investigations into two former prime ministers and finance ministers over how leaked data on Greeks who banked in Switzerland was handled.
After many years on the back burner, Greece gets ready to establish an EEZ. The Exclusive Economic Zone (EEZ) is a seazone which extends up to 200 miles from a nation's coast. Inside this zone, a nation has rights over its resources both above and below the waterline as well as on and under the continental shelf (where rights can be extended beyond 200 miles). Although the United Nations Convention on the Law of the Sea (UNCLOS) has entitled Greece to establish its EEZ since 1982, no government has ever done so.