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Tuesday August 2, 2005 - Archive

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02/08/2005

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Rough sea for ferries Government tells coastal shipowners to improve passenger services Passenger ferry operators were yesterday told by the government to improve their services to customers or face the financial consequences after holidaymakers were met with a host of problems during the busiest weekend of the year for island travel.

FRONT PAGE NEWS

The Cartoon Of The Day


State help approved for fire victims

Residents in eastern Attica who saw their homes go up in flames last week can receive more than 6,000 euros in state aid, the government decided yesterday...

Athens does not rule out veto on Turkey

Athens did not rule out yesterday the possibility of using a veto, along with Nicosia, to block the start of Turkey's EU membership talks in October...

Hot weather to heat up power grid

With temperatures expected to climb toward the 40 Celsius (104F) mark today, power company officials are hoping that the country's power grid will perform under pressure...

No blame assigned in killer iron probe

The results of a three-month probe, presented yesterday, into why consumers were not informed about a brand of steam iron responsible for electrocuting three people last year found that no public bodies could be held responsible.

IN BRIEF

Truckdriver killed after collision on railroad crossing near Kilkis : A 38-year-old truckdriver was killed yesterday...

No change in retirement age : Labor Minister Panos Panayiotopoulos said yesterday that the government did not intend to change...

Groom shot : A 32-year-old groom was killed in Crete yesterday...

Fuel looters : Two Albanian nationals were yesterday charged by an Attica prosecutor...

Metro parking : One of the two parking lots at the Doukissis Plakentias metro station will be closed...

License to steal : Hundreds of blank driving licenses were stolen from a Transport Ministry office...

Bank robbery : Two men, armed with a pistol, held up a branch of Eurobank...

Truckers meet : The Labor Ministry and truck owners took a step closer to ending a strike...

Store thieves : A prosecutor charged two 20-year-old Chinese nationals yesterday...


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Aris Grigoriadis...
EDITORIAL

Sea investment The services provided by Greece's coastal shipping lines this summer have led to legitimate protests from island residents and travelers. A report published in Kathimerini's Sunday edition highlighted that the services to and from the islands and the quality of the vessels themselves are worse than last year.

COMMENTARY

Digging holes One of John Maynard Keynes most famous quotes was: «Let them dig holes in the ground.» What the great economist meant, of course, was that by creating new jobs, public works projects stimulate economic growth, which, in turn, increases tax revenues that help to lower the public deficit. Therefore, public deficits are not always a bad thing - at least for a certain period of time. This theory has dominated Greek economic thinking for decades.

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