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Monday November 24, 2008 - Archive

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24/11/2008

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TOP STORY
Economy causing stress PM defends policy in provinces, as polls point to growing dissatisfaction Prime Minister Costas Karamanlis spent his second consecutive weekend trying to convince people in the provinces that the 28-billion-euro support package for banks would benefit the real economy, as a new poll indicated that eight in 10 Greeks believe that the global crisis will affect them or those close to them.

FRONT PAGE NEWS

The Cartoon Of The Day


Monastery accounts raise more questions

Details of the Vatopedi Monastery's 31 bank accounts suggest that it was involved in the companies that bought some of the property it was given as part of the land exchange deal...

Olympiakos comfortable at top

Olympiakos and PAOK remain the pacesetters in soccer's Super League following weekend wins that left the Piraeus club four points clear of its Thessaloniki rival...

Pirates release Greek tanker

A Greek-owned chemical tanker that was seized by Somali pirates almost a month ago has been released after a ransom was paid...

Two of three Thebes escapees recaptured

Two of the three suspected criminals who escaped from a holding cell in Thebes police station early Friday had been arrested...

IN BRIEF

Ex-Cyprus president in hospital with breathing problems : Former Cyprus President Tassos Papadopoulos was admitted...

Iranian takes Golden Alexander : «Over There» by Iranian director Abdolreza Kahani was awarded...

Unhealthy system : Health Minister Dimitris Avramopoulos has acknowledged...

Hania protest : Fifteen migrants, mostly from Morocco and Palestine, will today be completing...

Court stoppage : Court workers will be holding work stoppages...

Tree planting : Hundreds of volunteers took part in the planting of some 20,000 trees...

Bishop struck : The Bishop of Nea Krini and Kalamaria, Prokopios, was taken to a hospital...

Lights out : In the latest incident of vandalism against public property...


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Force winds and heavy rain... An Athenian is drenched by a crashing wave as he walks in the city's coastal suburbs...

EDITORIAL

Care needed in liquidity scheme The 28-billion-euro safety net for Greek banks has now been enacted by law. But the government, which is financing the scheme by borrowing from abroad, must manage it responsibly and with sensitivity or else it may be viewed as abetting the plundering of public coffers. The government has a duty firstly to oblige the banks benefitting from the liquidity injection plan to refrain from paying out dividends to stockholders and bonuses to managers for 2008, which left them with healthy profits from high interest rates on loans.

EDITORIAL:AthensPlus

Working with China President Hu Jintao's visit next week underlines the great store that China has put in developing ties with Greece. Trade between the two countries, weighed greatly in China's favor, has developed in great leaps, reaching 2.9 billion euros last year - a rise of 52 percent from a year earlier. China is now Greece's seventh-largest trading partner but is quickly gaining on the leading countries.

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