Greek Prime Minister George Papandreou will take part in the Group of 20 summit in Cannes this week to discuss plans for a referendum after being asked to attend by France, a government official said on Tuesday. "The prime minister will take part in the G20 meeting in Cannes, where recent developments will be discussed
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Prime Minister George Papandreou's call for a referendum on the latest Greek bailout plan has blown a potentially fatal hole in the euro zone's strategy to overcome its sovereign debt crisis. Whether or not a plebiscite takes place, and whatever the result, Papandreou's gamble guarantees long weeks of political uncertainty just when the 17-nation currency
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A good tourism season in terms of arrivals has also been reflected in the figures on revenue according to the Statistical Service’s Passenger Survey. Revenue from tourism reached EUR 235.8 mln in September 2011 compared with EUR 220.5 mln in the corresponding month of the previous year, thus recording an increase of 6.9%. Tourism arrivals
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The explosion at Mari naval base on July 11 that knocked out the main power station and led to four weeks of power cuts took its toll on industrial production in August, which fell by 12.0% compared with August 2010. Industrial production includes output of electricity. The manufacturing subsector in August fared less badly than
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The total sales of petroleum products in September 2011 recorded an increase of 1.0% compared with the previous month. The Statistical Service said that a “considerable” increase was recorded in the sales of asphalt, gasoil, gasoil low sulphur, kerosene and liquefied petroleum gases. By contrast, a decrease was recorded in the sales of heavy fuel
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Only small mopeds increase Registrations of motor vehicles in the first nine months of 2011 decreased by 17.5% compared with the year earlier, to 28,073 in January – September 2011, down from 34,023 vehicles in the same period of 2010. Registrations of private saloon cars fell to 19,992 from 23,979 in January-September 2010, recording a
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Porto are not afraid to make wholesale changes to their team as they seek to improve on their recent Champions League form and avoid being stunned again by Group G's surprise leaders APOEL Nicosia in Tuesday's Champions League match in Cyprus. The Cypriots, who drew 1-1 at twice European champions Porto last time and are
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The two – day meeting on the Cyprus issue between UN Secretary General Ban Ki-moon, President of the Republic Demetris Christofias, Turkish Cypriot leader Dervis Eroglu and their aides was concluded Monday in New York, at the Greentree mansion, in Long Island. The leaders are expected to meet again with the UNSG at the same
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Germans expressed fury and frustration at Greek Prime Minister George Papandreou's shock decision to call a referendum on the latest aid package, with some saying the gamble would push Greece out of the euro zone. "You can't help thinking that they should be grateful as Europe is trying to help," said Konstanze Pilge, a 26-year
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First, Lady Gaga wore a dress made of meat. Now, how about one made of lettuce? Indian animal rights activists have asked pop star Lady Gaga to pose in a lettuce dress and embrace vegetarianism during her visit to India this weekend, where she will be part of the star-studded unveiling of the country's first
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