Greece

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EU Should Go After Goldman, Since US Won't
 EU Should Go After 
 Goldman, Since US Won't 


Greek Crisis
Feb 15, 2010 11:25 AM CST

EU Should Go After Goldman, Since US Won't

Firm helped Greece hide staggering debt, leading to near collapse

(Newser) - With the revelation that Goldman Sachs was peddling exotic instruments to help Greece hide its runaway debts as recently as November, something must be done, Simon Johnson writes. US authorities clearly aren't going to raise a finger—a few phone calls around Washington will ensure that the Fed looks the...

Goldman Helped Greece Hide Catastrophic Debt

Bank concocted deal with phony exchange rate

(Newser) - Greece's budget problems were allowed to grow to their current monstrous size with the help of a Goldman Sachs deal worthy of an Oscar for creative accounting. Greek government officials—no strangers to number-juggling themselves—used the US bank to concoct a derivatives deal that allowed the country to circumvent...

Eurozone Mulls Greece Bailout
 Eurozone Mulls Greece Bailout 
Feb 9, 2010 2:32 AM CST

Eurozone Mulls Greece Bailout

Officials avoid B-word while planning 'rescue package'

(Newser) - Greece won't be getting a bailout from the EU itself, officials said yesterday, but they're scrambling to put together a package of loans from member nations to shore up the staggering Greek economy. The EU charter forbids the European Central Bank and national central banks from bailing out countries, but...

Dow Falls 104, Closes Under 10,000
 Dow Falls 104, 
 Closes Under 10,000 
MARKETS
Feb 8, 2010 3:18 PM CST

Dow Falls 104, Closes Under 10,000

Dow drops below 10,000 for first time since Nov. 4

(Newser) - Stocks plummeted today as investors continued to worry about several European countries' ability to maintain their national debt and pondered a Wall Street Journal report that said the Fed may consider tightening credit this year.
  • The Dow fell 103.84 points to close at 9,908.39.
  • The Nasdaq lost
...

Olympic Flame Arrives in Canada

It'll make cross-country trek before landing in Vancouver

(Newser) - The Olympic flame touched down in Canada today, with a relay kicking off in Victoria, British Columbia, which will take it across the continent before returning it to Vancouver—less than 70 miles away—for the start of the Winter Games on Feb. 12. Its first day didn't exactly go...

Atlantis-like City Mapped Off Greek Coast

Lost city dates back to the days of Homer

(Newser) - Marine archaeologists have uncovered a sunken city that may have inspired the myth of Atlantis. Located off the coast of southern Greece, Pavlopetri dates back more than 5,000 years and is thought to have been engulfed by the sea around 1,000 BC, making it the only sunken Greek...

Socialists Win Big in Greek Election

Left-wing government set for power as voters turn on conservatives

(Newser) - Socialists won a thumping victory in a snap Greek election yesterday as voters threw out a conservative government after corruption scandals and poor response to a string of devastating wildfires. The socialists won 43% of the vote, 9 points ahead of the ruling party, and will have an absolute majority...

Bomb Hits Athens Stock Exchange
Bomb Hits Athens
Stock Exchange
Sep 2, 2009 3:26 AM CDT

Bomb Hits Athens Stock Exchange

(Newser) - A car bomb blast outside the Athens stock exchange damaged the building and injured a female pedestrian, the BBC reports. A second bomb detonated outside a government building in Thessaloniki, causing minor damage and no injuries. The blasts are suspected of being the work of Greek extremist group Revolutionary Struggle....

Firefighters Battle Blazes Near Athens

(Newser) - Fire crews outside Athens are scrambling to exploit a lull in high winds as they fight massive wildfires that broke out Friday and have razed about 58 square miles north of the Greek capital. The flames are still spreading, and a dozen nuns had to be rescued from a convent...

Raging Wildfires Force Greeks to Flee

Bracing for worsening conditions, officials struggle to tame blazes

(Newser) - Dozens of wildfires are raging across Greece today, forcing villagers to flee and threatening to scorch ancient landmarks, the BBC reports. Fanned by gale-force winds, the flames are also creeping up on the nation's capital, where one suburb has already received evacuation orders, the AP reports. "The coming night...

Greek Woman Torches Randy Tourist's Genitals

26-year-old claims Briton removed pants, forcibly fondled her

(Newser) - A Greek woman is being hailed as a hero after torching a lecherous British tourist’s genitals, the Telegraph reports. A 23-year-old Briton had allegedly taken off his pants and flashed his privates at women in a nightclub in the resort town of Mallia on the island of Crete. When...

Brit Museum Refuses to Lose Its Marbles

Museum refuses to sanction Elgin's deeds

(Newser) - Tension between Greek and British museum officials over ownership of the famous Elgin marbles bubbled over this week, reports the Guardian. With the New Acropolis Museum set to open in Athens, Greece is refusing to accede to British terms concerning the loan of the classical treasure. The British Museum offered...

Saucy Brits in Nun Garb Freed From Greek Jail

Charges against 'naughty nun' stag party dropped

(Newser) - A Greek court has freed 17 British men arrested while carousing dressed in nun's habits with lacy lingerie beneath, the BBC reports. Charges of offensive behavior were dropped against the men—who spent a night in jail and appeared in court still in costume—after no one showed up to...

Healthy Greek Isle Fosters Longer Lives

(Newser) - Researchers have discovered every health nut's dream in the North Aegean Sea: an island with the highest percentage of nonagenarians on the planet, NPR reports. On the Greek isle of Icaria, nearly one in three make it to age 90, and residents have far lower rates of cancer, heart disease,...

Skinny French Women Feel Fat: Study

Europeans weigh themselves on a sliding scale

(Newser) - Most French women feel fat, despite being among the thinnest women in Europe, a study finds. By contrast, much larger women in Britain, Spain, and Portugal consider themselves skinny, AFP reports. Researchers say women in France have a lower ideal weight compared to other European countries. In fact, more than...

Skeleton Hints at Cleopatra's African Heritage

But experts point out holes in BBC documentary's claim

(Newser) - Egyptian queen Cleopatra may have been of African rather than Greek ancestry, new findings suggest. A BBC archaeological documentary claims to have found the tomb of Cleopatra’s sister, Arsinoe, in Ephesus, Turkey. Arsinoe, who, according to legend, was killed on orders from her sister, had skull dimensions consistent with...

Greek Convicts Stage Daring Prison Break—Again

Fugitives use helicopter to escape Athens facility, as they did in 2006

(Newser) - Two Greek criminals escaped the most secure prison in Athens for the second time, the BBC reports. Vassilis Paleokostas and Alket Rizai fled the Korydallos prison after accomplices picked them up using a helicopter they landed on the building’s roof. The escape is similar to their 2006 breakout, when...

Greek Protesters Hang Banners on Acropolis

Students call on Europe to join demonstrations tomorrow

(Newser) - Greek protesters hung two giant banners off the Acropolis today, with slogans calling for mass demonstrations across Europe tomorrow and "resistance," after days of violent protests sparked by the fatal police shooting of a teenager in Athens. A dozen protesters held the pink banners over the walls of...

Athens Dodges Violence Before Fresh Protests

Students have called for new wave of demonstrations

(Newser) - Athens yesterday enjoyed its first respite from eight days of continuous rioting that has injured 70 and put 400 behind bars—but students have called for a new wave of protests, BBC reports. Cafes were busy and traffic returned to normal just a day after students hurled rocks and molotov...

Greek Students Call for New Protests

Violent face-offs with police continue

(Newser) - Just over a week after the police killing of a 15-year-old boy prompted days of devastating  riots in Greece, students are preparing to launch a new wave of daily protests, CNN reports. Activists will begin with a  sit-in tomorrow in front of Greece’s national police headquarters. Protesters aim to...

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