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Saturday November 19, 2005 - Archive

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19/11/2005

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TOP STORY
Final chance for OA Ailing state airline set for April relaunch, with private capital A revamped Olympic Airlines will start flying in April next year, state television reported yesterday.

FRONT PAGE NEWS

Emporiki set to pay CA over 130 mln

As more details have emerged of the secret deal signed five years ago between Emporiki Bank and Credit Agricole...

Fighter jets soar above $3 bln

The government hinted yesterday that the price tag on its recent order of 40 military jets is likely to reach $3.1 billion...

Strangling red tape loosened

In a country notorious for official red tape, the Interior Ministry said yesterday that recent efforts aimed at slashing time-consuming paperwork are starting to bear fruit...

Mobster killed in ambush

A 41-year-old man, believed to be the head of a major extortion ring, died in hospital yesterday...

Over 300 kilos of marijuana...

Sacks containing just over 300 kilos of marijuana are displayed at a police precinct in Thessaloniki yesterday...

Bag-snatchers getting more sophisticated

Bag-snatchers have evolved into a more sophisticated breed of thief - well-dressed and polite, police warned yesterday, adding that attacks on ATM customers were also on the rise.

IN BRIEF

Twenty suspected ring members to defend themselves next week : Two investigating magistrates leading a probe into trial-fixing rings have summoned around 20 suspected ring members...

Authorities detain group of 122 on Kythera following a tip-off : Coast guards detained 122 illegal immigrants yesterday on the island of Kythera...

Greek to be tried for Briton's death : The Supreme Court has accepted a request for the extradition of a Greek man wanted in Britain...

Motorbike recall : Some 300 Kymco motorbikes are being recalled from the local market due to a mechanical fault...

Drug deaths : The number of deaths related to drug usage has risen in Thessaloniki so far this year...

Nightmare passenger : A Greek court sentenced a man to 15 months in prison for smoking on a plane...

Polluted lake : The banks of Lake Kaifa in the prefecture of Ileia, in southern Greece, are now littered with dead fish...

Church split : The government is mulling whether to trim its ties with the Greek Orthodox Church...


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Cleanup operations...
EDITORIAL

How PASOK conned stockmarket players Some five years have passed since France's Credit Agricole bought a 6.5 percent stake in Emporiki Bank. Socialist PASOK, which was in power at the time, had advertised the deal as another sign of Greece's allegedly powerful economy, as a leading European institution was expressing its confidence in the Greek economy.

COMMENTARY

More equal than others In a unanimous vote this summer, parliamentary deputies decided to renew their fleet of luxury, tax-free cars. Ten days ago, members of Parliament struck again, voting themselves higher salaries. All they demanded was a 3.5 percent hike but voters were nevertheless right to react, deeming that their legislators should not put their own interests first. On Thursday, the tribunal that was set up after the constitutional revision to arbitrate wage disputes between the judiciary and the Greek state ruled to allow a doubling of judges' compensation.

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