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Wednesday September 14, 2005 - Archive

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14/09/2005

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TOP STORY
On a wing and a prayer Sources say government now leans toward closing loss-making carrier The conservative government is determined to ease the burden taxpayers have been stuck with in recent years from the loss-making Olympic Airlines (OA), senior government sources said yesterday, indicating that the state is likely to liquidate the air carrier after the EU releases its expected probe into the airline today.

FRONT PAGE NEWS

The Cartoon Of The Day


National Opera is losing its voice

Greece's only state opera has been starved of more than 3 million euros in funds from the government over the last two years and its artistic director told Kathimerini yesterday...

Nicosia gets ready for EU-Ankara showdown

The British presidency of the EU is expected to present a new draft statement to EU diplomats today criticizing Turkey's non-recognition of Cyprus after Nicosia yesterday issued the strongest suggestion yet that it would dig in its heels over the issue and possibly block entry talks.

Cell-phone sex videos swiped

Police arrested yesterday the owner of an Athens mobile-phone dealership suspected of selling amateur sex videos and photographs he had downloaded...

Judges told not to fill up prisons

The recently appointed head of the Supreme Court yesterday called on judges who fear being suspected of corruption not to be overzealous in their sentencing as Greece's jails are bursting.

IN BRIEF

Seven quakes strike in Ionian and north but no damage or injuries : Northern Greece and the Ionian Islands were shaken by seven earthquakes...

Major migrant-smuggling ring smashed with five arrests : Police yesterday arrested five suspected members of an international gang...

Ultra-right-winger is jailed : A senior member of ultra-rightist group Chryssi Avgi (Golden Dawn), suspected...

Market losses : An Athens university lecturer accused of running an illegal pyramid...

Calatrava return : Santiago Calatrava, the Spanish architect who designed...

Playstation recall : Sony is recalling some 17,000 power adaptors used on its slimline black Playstation 2...

WWII torpedo : A fisherman plying his trade in the Ionian Sea off the coast of Preveza...

Bus checks : Police will step up the number of checks on school buses across the country...

Square sweeps : A police program that began last May to rid central squares in Athens...


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In a rare meeting...
EDITORIAL

The limits of endurance The steep rise in the cost of oil is creating serious problems - not only general ones for the national economy but also very specific ones for people with low incomes. Heating fuel will be considerably more expensive this year, making it even harder for many households to cover their increasingly costly basic necessities. With that grim prospect, it is reasonable to consider a special grant for poorer families that would help to cover part of the cost of heating fuel this winter.

COMMENTARY

Banking priorities This commentator has previously pointed out (July 27, 2004, January 1, 2005) that the Bank of Greece's oversight of the country's banking system is unfortunately based on ensuring banks' profitability and other interests at the expense of their role in society. So Greek banks have embarked on a race not just to grab Greeks' savings but to keep them in debt with tempting offers of loans for holidays and spending sprees.

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