The Greek debt is not viable, unless there is a new "haircut" is the message from a study published by DZ bank, which believes the IMF assessments are over-optimistic.

The Greek debt will fluctuate around 160% of GDP, as long as the present interest rates are maintained , is the point the bank's economist Daniel Lenz made to German newspaper "Die Welt." Dr. Lenz added that debt will be at 143% in most optimistic scenario, according to which starting in 2014 creditors will forgo interest payments.

The Dioceses of the Church of Greece, Crete, and the Dodecanese will now be given the opportunity to hire unemployed persons with five month contracts within the framework of a European program.

Riot police used teargas to disperse protesting LARCO miners and metal workers that proceeded to take over the a national highway at 13.00 this afternoon, in protest over the possible shutdown of the company.