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Wednesday August 16, 2006 - Archive

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16/08/2006

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TOP STORY
Greeks feel food pinch Survey shows average Athenian must work 26 minutes to buy a Big Mac Some basic food items in Athens are among the most expensive in the world, according to the results of an international report that shows that Athenians need to work more than their European Union peers to buy a hamburger or a kilo of rice.

FRONT PAGE NEWS

A year on, service for victims of air crash

More than 150 mourners from Greece and Cyprus gathered north of Athens on Monday at the spot where a Cypriot airliner crashed a year earlier...

Empty roads safer than usual

Reduced traffic in Athens this month has tempted some drivers to be more reckless than usual but the number of accidents and road deaths so far has fallen...

Inmates die in Corfu prison

The Justice Ministry launched an inquest on Monday into the deaths of two prisoners who were found dead in their cells at a prison...

UK soldier released on Cyprus

Cyprus has released one of three British soldiers jailed for bludgeoning a young Danish woman to death after a drunken binge on the holiday island...

Thousands of people yesterday attended...

Thousands of people yesterday attended the festivities held on the Cycladic island of Tinos...

Officials fight oil spill off Salamina, Megara

The coast guard said yesterday it had completed a cleanup operation of an oil patch that was spread between the coasts of the island of Salamina and Megara...

IN BRIEF

Arsonists attack offices of ruling conservatives in Athens; no injuries : The branch office of New Democracy in Lambrini, near central Athens, suffered...

Condoleezza Rice thanks Greece for evacuating Americans from Lebanon : US Secretary of State Condoleezza Rice sent a letter...

Boy, 17, caught with fake cash : A 17-year-old boy was arrested in Kalamata, in the Peloponnese, for shopping...

Soccer friendly : The Greek national soccer team will be without Atletico Madrid player Giourkas Seitaridis...

Fuel prices : The average price for a liter of unleaded fuel on Friday remained at 1.102 euros...

ATM theft : Police said on Monday that they had arrested four Romanian nationals in Crete...

People traffickers : Two suspected people smugglers were arrested near Thessaloniki on Monday...

TV crew released : Authorities in the Turkish-occupied part of Cyprus yesterday released...

Hole in wall : Thieves attempted to drill through the wall of a bank in Galatsi...


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A nun kisses...
EDITORIAL

Banks get rich on backs of customers Greece's banks have launched another attack on their own customers' benefits after the European Central Bank chose to raise its interest rates. Late Friday afternoon they increased rates on loans while keeping deposit rates steady, raising only slightly the rates on time deposits. While European interest rates on deposits and loans rose slightly, in Greece the already wide discrepancy became even larger.

COMMENTARY

Dealing with a new neighbor Recent news reports, mostly overshadowed by the Israeli offensive in Lebanon, said that work is set to begin on an international road project connecting Kosovo to the Adriatic Sea (at the port of Durres) and through the port to Italy and the other European Union states. Work is set to finish in two years' time and will allow the transfer of people and goods between Kosovo and the European markets. On the margins of the dramatic developments in the Middle East, negotiations on the divided province's final status continue.

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