Holiday weekend, Sunday Parade

Why Kefalonia will survice the Economy Crisis:- By Matthew Tovey

“The Crisis of Greece and Europe” The European debt crisis, one of the most talked about subjects in the news today, began as a whirlwind story that many Americans may not be aware of. The country that this entire story depends upon is, as might be expected, Greece. In the early 1990s there was much […]

Four Ancient shipwrecks found of the shores of Greece

Four previously unknown shipwrecks have been discovered some 30 kilometers off the Bay of Irakleio, Crete, in recent underwater exploration conducted by the ephorate of underwater antiquities. The new finds comprise two Roman era shipwrecks, one containing 1st and 2nd-century Cretan amphorae and the other containing 5th-7th century post-Roman era amphorae, and two shipwrecks containing […]

NEWS: Severe Weather Warning issued for Greece

Warnings for severe gales and coastal flooding for parts of Greece Severe gales have been forecast for parts of mainland Greece and its surrounding Islands, threatening storm surges and coastal flooding. An area of low pressure situated across eastern parts of the Mediterranean is expected to brings gale force winds with sustained speeds of 40mph […]

NEWS: Greek wages on the line….

PM tells unions changes to salaries, minimum rate needed as part of bailout deal Greece might have to reduce its minimum wage and private sector workers could have to accept severe salary cuts as part of the reforms needed to secure funding without which the country is likely to go bankrupt by March, Prime Minister […]

Greece will leave euro if second bailout fails, says Kapsis

  Greece will have to leave the eurozone if it fails to clinch a deal on a second, 130 billion euro bailout with its international lenders, a government spokesman said on Tuesday. It was an unusually public stark warning from the embattled country, aimed at shoring up domestic support for tough measures and possibly also […]

NEWS: Gov’t spokesman warns of tough negotiations ahead

With Greece bracing for another tough year, the government spokesman on Monday warned of tough negotiations with foreign creditors to secure the necessary funds to keep the debt-wracked nation afloat. “The danger for Greece is not yet over and the Papademos administration cannot afford to postpone the issues it has committed to,” Pantelis Kapsis told […]