Greek News

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• IMF Vows to Combat Economic Threats
• PM Papandreou: Roadmap to 2013
• FinMin: IMF Not Discussing Debt Restructure
• Bank Analysts Oppose Debt Restructuring
• IMF Head: Greece Will Make It – With EU Help
• Cyprus Stock Exchange
• Athens Exchange Weekly Review
• Hermes Expo International & SAE Honor Greek American Educators
• NHSA Unites Greek Origin Students in US
• SAE USA Proposals for the Education of Greeks Abroad Submitted

IMF Vows to Combat Economic Threats Posted: Washington, DC.- World financial officials pledged increased cooperation in dealing with threats to the global economic recovery such as rising oil prices. The policy-setting committee of the 187-nation International Monetary Fund said in a joint statement issued after its spring meeting that the economy is rebounding from a recession and gaining strength, but is still [...]

PM Papandreou: Roadmap to 2013 Posted: Athens.- Prime minister George Papandreou on Friday unveiled the philosophy of the “roadmap” for Greece for up to the year 2013, when his PASOK government’s term in office expires, and indirectly rejected recent intense speculation of early general elections and restructuring of the Greek debt, during a presentation of the three-year Medium-Term Program for 2012-2015. [...]

FinMin: IMF Not Discussing Debt Restructure Posted: Washington (ANA-MPA) — International Monetary Fund (IMF) General Director Dominique Strauss-Kahn reiterated the IMF’s position that a restructuring of the Greek debt at this time will not help because the cost would be greater than any benefit, during a discussion in Washington with Greek Finance Minister George Papaconstantinou, the Greek official said after their meeting [...]

Bank Analysts Oppose Debt Restructuring Posted: Greek banks' analysts on Wednesday said they were categorically opposed to a possibility of restructuring Greek debt. The head analysts of the country's three largest banks, speaking during a conference organized by the Financial Times in Athens, expressed their strong opposition to this scenario. Mihalis Masourakis, head analyst in Alpha Bank, said a restructuring of [...]

IMF Head: Greece Will Make It – With EU Help Posted: Washington – The head of the International Monetary Fund Dominique Strauss-Kahn Thursday expressed confidence that Greece is on the right course to economic recovery, provided it has the continued help of the rest of Europe and the IMF. ‘I understand how painful it is for the Greek people but I think Greece will make it,’ [...]

Cyprus Stock Exchange Posted: Nicosia.- (CNA) – The Cyprus Stock Exchange (CSE) All Share Index closed at Friday’s stock exchange meeting as follows: TRADED VALUE 1.766.491,43 INDEX VALUE %DIFF VALUE (€) ----- -------- ----- ------------- FTSE/CySE 20 319,06 -1,15 1.722.534,56 MAIN MARKET INDEX 942,39 -1,28 1.705.213,80 PARALLEL MARKET INDEX 844,45 -0,28 3.583,42 INVESTMENT COMPANIES MARKET INDEX 662,33 2,71 11.369,44 [...]

Athens Exchange Weekly Review Posted: Greek stocks ended the last trading session of a volatile week with significant losses, reflecting the market’s disappointment over the government’s reform and privatization measures. The Athens Stock Exchange was also hit by a new rise in Greek bond spreads and CDS to record highs. The composite index fell 1.26 pct to end at 1,469.03 [...]

Hermes Expo International & SAE Honor Greek American Educators Posted: Atlantic City, NJ.- By Catherine Tsounis The 2011 Hermes Expo International and SAE (World Council of Hellenes Abroad) USA honoured elite educators and philanthropists of the Prometheus Greek Teacher Association. The awards were given at the magnificent Hermes Expo International Gala, April 3rd evening at the Tropicana Hotel, Atlantic City, New Jersey. Honoured persons included: [...]

NHSA Unites Greek Origin Students in US Posted: Chicago, IL.- The promotion of Greek-language education and culture across the Atlantic recently brought together Greek, Greek Cypriot and Greek-American students studying in 52 universities across the United States, leading to the establishment of the National Hellenic Student Association (NHSA) of America. NHSA, a network of the Hellenic Student Associations across America, focuses on the [...]

SAE USA Proposals for the Education of Greeks Abroad Submitted Posted: New York.- Proposals for the Education of Greeks in the United States submitted in the context of the public consultation for Greek language education for the Greek Diaspora were forwarded to the Alternate Minister of Education, Fofi Gennimata by SAE USA Region Coordinator, Theodore Spyropoulos. Relevant proposals were gathered from the remaining three major Regions [...]

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