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CITI: Good News, We No Longer Think Greece Will Exit The Eurozone

Source: The Business Insider | May 22 2013, 2:13pm CDT

Last summer, Citi's chief economist, Willem Buiter, introduced a bold call: he assigned a 90% probability that Greece would exit the euro on January 1, 2013. This assertion was made before European Central Bank President Mario Draghi i ...

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"flawed, un-Conservative and costing us dearly in votes and membership"

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5 hours ago

Kim Kardashian's Bikini Getaway in Greece - See the Whole Gallery!

Source: Bella Sugar | May 22 2013, 1:23pm CDT

Kim Kardashian is currently in Paris with her mom, Kris Jenner, fitting in shopping and fun on her final trip before she's unable to fly anymore. Kim had plenty of travels during her pregnancy, though, and just last month she vac ...

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Greece Youtube Videos

Koza Mostra feat. Agathon Iakovidis - Alcohol Is Free (Greece) - LIVE - 2013 Semi-Final (2)
783,596 views

Koza Mostra feat. Agathon Iakovidis - Alcohol Is Free (Greece) - LIVE - 2013 Grand Final
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Into the Fire - The Hidden Victims of Austerity in Greece
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6 hours ago

Greece's National Bank shares to trade ex-rights from May 24

Source: Reuters | May 22 2013, 1:12pm CDT

ATHENS May 22 (Reuters) - Shares in Greece's largest lender National Bank (NBG) will trade without rights to buy into its 9.75 billion euro share issue from May 24, the Athens stock exchange said on Wednesday ...

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7 hours ago

Update : Luring Tourists Back to Greece

Source: International Herald Tribune | May 22 2013, 11:35am CDT

Kostas, a waiter at the Diodos taverna, which offers a splendid view of the scene, smiled. A year ago, amid a political and economic crisis that fueled protests in central Athens and pushed Greece toward the ...

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Anti-austerity strike hits Greece

Feb 20 2013, 8:06am CST | by Luigi Lugmayr

Athens, Feb 20 (IANS) Greece was Wednesday gripped by a one-day general strike, the first this year, in protest the austerity and reform programme introduced to lift the country up from a debt crisis.

Athens, Feb 20 — Greece was Wednesday gripped by a one-day general strike, the first this year, in protest the austerity and reform programme introduced to lift the country up from a debt crisis.

Thousands of demonstrators marched in Athens and other cities during the nationwide mobilisation organised by the two largest labour unions -- GSEE and ADEDY -- representing most of the private and public sector workers as well as Left opposition parties, reported Xinhua.

The new strike, which brought a large part of public services and business to a standstill, comes ahead of a new audit by European Union and International Monetary Fund creditors next week that will determine the release of new rescue financing to Greece.

The debt-laden country is being kept afloat by bailout financing since 2010 in exchange of tough spending cuts and tax hikes, which have fueled unemployment, recession and reactions on the streets.

Government officials and lenders have argued that austerity was a necessity to avert bankruptcy and pledged development-boosting measures to exit the crisis.

Protestors responded that they have run out of patience and cannot afford more sacrifices.

"The harsh government policies push more people out in the streets to claim their rights," said Kostis, a student.

"No to further belt-tightening, yes to resistance and life with dignity," chanted strikers at Syntagma square outside the Greek parliament.

During the strike, public administration offices, banks, schools and stores were down, flights were grounded, ships remained docked and public hospitals ran on skeleton personnel.

Demonstrators argued that there were always alternative ways to distribute the burden so that poor households would no longer suffer from record high unemployment and poverty rates.

IANS

Source: IANS

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Luigi Lugmayr
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

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360° Coverage : Anti-austerity strike hits Greece

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Anti-austerity strike hits Greece

Athens, Feb 20 (IANS) Greece was Wednesday gripped by a one-day general strike, the first this year, in protest the austerity and reform programme introduced to lift the country up from a debt crisis.

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CITI: Good News, We No Longer Think Greece Will Exit The Eurozone

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Anti-austerity strike hits Greece

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360° Coverage : Anti-austerity strike hits Greece

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Anti-austerity strike hits Greece

Athens, Feb 20 (IANS) Greece was Wednesday gripped by a one-day general strike, the first this year, in protest the austerity and reform programme introduced to lift the country up from a debt crisis.

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Anti-austerity strike hits Greece

Athens, Feb 20 (IANS) Greece was Wednesday gripped by a one-day general strike, the first this year, in protest the austerity and reform programme introduced to lift the country up from a debt crisis.

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"flawed, un-Conservative and costing us dearly in votes and membership"