Greece
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bankruptcy

Greek Law Firm Sues Colosimo

Australian acknowledged actor Vince Colosimo, is facing bankruptcy proceedings after being sued by a Greek law firm in Melbourne. As the Age reports, the 46-year-old star has been dragged into the Federal Court for a $36,000 demand from the Oakleigh-based...

Sudden Closure of Historic Katselis Factory

Another historic factory in the field of bakery closes. It is the Katselis company, which has been an employer for 500 families. The closure was announced in the market on June 21, when Nutriart S.A. (Katselis), filed for bankruptcy before...

The Telegraph: Greece Won’t See a Cent of The Great Bail-out

Over the weekend, the Greek parliament voted to accept Europe’s latest demands for spending cuts and tax rises and other reforms and retrenchments. The aim was to make it marginally less implausible that Greece will pay back the hundreds...

French Libération Reports On Greek Media Crisis

In its recent report entitled “Europe: The crisis casts media away”, French newspaper Libération refers to the financial difficulties mass press and electronic media are facing throughout Europe, leading to the layoff of hundreds of employees and bankruptcies. In Greece,...

Last Lines for Bankrupt Eleftherotypia Daily

Eleftherotypia daily newspaper was founded after the fall of the military dictatorship in 1974 and was one of the leading journalism voices in Greece. That was until today at least. "The Paper of Journalists”, as its credo goes, has gone...

Netherlands Claims Greece Will Go Bankrupt

According to the Dutch news program RTL Nieuws, the Ministry of Finance announced that Greece is not in the position to avoid bankruptcy. The Dutch government noted that bankruptcy is a matter of time and the question is not...