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Friday March 7, 2008 - Archive

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07/03/2008

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TOP STORY
Strike by power workers leaves Greece in dark Rolling electricity cuts introduced across country to prevent blackout Millions of Greeks were temporarily left without electricity yesterday, stores were forced to shut, people got stuck in elevators, traffic jams were caused by failing signals and two trams in Athens collided due to an ongoing strike by Public Power Corporation (PPC) employees that has deprived the country of much of its normal power supply.

FRONT PAGE NEWS

Draft law targets early retirement

The government yesterday unveiled a bill on pension reforms, which envisages incentives to keep employees in work longer...

FM waves veto card at FYROM

Foreign Minister Dora Bakoyannis yesterday told her NATO counterparts that Greece would veto a bid...

Cyprus leader ready for talks

Cyprus President Dimitris Christofias said yesterday that he would meet Turkish-Cypriot leader Mehmet Ali Talat...

PASOK chief goes on attack

PASOK leader George Papandreou insisted yesterday that his party is united and ready to make an impact...

Police bust express wedding service

A group of Russian women have been accused of being involved in express weddings as a means of securing residency permits...

IN BRIEF

Lawyer implicated in Zachopoulos scandal to appear before prosecutor : Christos Nikoloutsopoulos, the lawyer implicated in the Zachopoulos scandal...

Citizens asked to keep garbage off streets as 6-day walkout begins : Athens Mayor Nikitas Kaklamanis yesterday appealed...

Ex-minister taken off life support : Ex-Education Minister Marietta Giannkou was taken off a life-support machine...

Doc fest kicks off : The annual Thessaloniki Documentary Festival opens...

Deadly fumes : One man was killed and another two hospitalized...

Traffickers caught : Police yesterday detained two suspected human traffickers...

Road measures : Police said they will implement traffic measures...

Gambling raid : Police in the Peloponnesian town of Argos confiscated...

Olympic qualification : The Greek men's water polo team yesterday secured...


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Athens bourse...
EDITORIAL

Entirely bankrupt management The Bank of Greece has unfortunately proven to be a miserable failure in terms of monitoring the financial sector. This was made evident during the structured bond scandal, as well as by the money-laundering cases in banks in Athens and Crete. The central bank has been reduced to a luxury bureaucratic apparatus that can justify neither its high maintainence costs nor its oversized staff.

COMMENTARY

Twilight zone in Athens Athens is not just one city. There are many cities within it, one next to the other, interwoven and inextricably linked. On the same street, over the span of just a few blocks, you can see wealth, glamour, beauty, pain and ugliness. Nowhere else in Athens is this dynamic more apparent than in the historic and commercial center. From Athinas to Pireos Street and from Omonia to Vathis Square, where there are imposing banks...

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