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Saturday April 15, 2006 - Archive

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15/04/2006

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TOP STORY
PPP cornerstone in place Approval for new scheme to construct school buildings with private money The first scheme that uses private funds to build public sector buildings, in a move which is set to boost job creation and construction activity in the country, was approved by the government yesterday.

FRONT PAGE NEWS

Number of legal migrants shoots up

Some 180,000 migrants will have braved the bureaucracy and high cost involved in obtaining a residence permit by the end of this month...

Experts in awe of antiquity stash

The massive collection of illegal antiquities uncovered by authorities on the tiny Aegean island of Schinoussa is unique...

University wants end to violence

A day after three people were injured during clashes between extreme left- and right-wing students in the grounds of Panteion University...

Pilot missing after jet crash

Military rescue teams were combing through areas around Lake Iliki, close to Delphi...

The Modiano Market...

Customers at the Modiano Market in Thessaloniki have a look through the fruit and vegetables on offer...

Plastic water bottles hide dangerous side

A cool drink of water from a plastic bottle may not be as safe as it seems, according to research...

IN BRIEF

PMs agree to boost cooperation, launch flood warning system : Prime Minister Costas Karamanlis yesterday signed a joint declaration with his Bulgarian counterpart...

Officer, 26, gets three years in jail for accepting bribe to free detainee : A Thessaloniki court yesterday passed down a three-year jail sentence to a 26-year-old policeman...

Minister rebuffs hiring allegations : Interior Minister Prokopis Pavlopoulos yesterday denied accusations...

PPC claims : Development Minister Dimitris Sioufas yesterday described as «fairy tales» the corruption allegations...

Fireworks warning : Seven in 10 of all firework injuries occur during the Easter period...

May Day strike : The General Confederation of Greek Labor (GSEE) said yesterday that it has decided to stage a 24-hour general strike...

Stolen cars : A 42-year-old man was arrested in Thessaloniki, police said yesterday, in connection with an alleged smuggling racket...

Hail damage : Municipal authorities in Kilkis, northern Greece, said yesterday that a hailstorm had caused extensive damage to wheat fields...


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A pile of garbage...
EDITORIAL

A good first step After several postponements, the Cabinet has decided to activate the law that determines the institutional framework for Public-Private Partnerships (PPPs, or co-funding by public sector bodies and private companies) for infrastructure projects budgeted at up to 200 million euros.

COMMENTARY

Truths about the euro Currency crises plagued Greece in 1995-96, as international funds speculated against the drachma at the expense of the country's foreign exchange reserve, which then amounted to $20 billion. The Bank of Greece had jacked short-term interest rates up to 1,000 percent to deter profiteers, and draconian restrictions were slapped on the movement of capital. Currencies reflect the economy and the drachma was weak because the state-reliant Greek economy had reached rock bottom in international competitiveness, with a rising current account deficit, fiscal shortfalls and ballooning public debt.

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