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Albanian FM Heralds New Era of Relations with Greece

Albanian foreign minister Ditmir Bushati stated his government is "decided" and "fully prepared" to turn a new chapter in relations with Greece, in an interview with the "Voice of America's" Albanian service.

  • Published in Greece

Feature on Athens

I believe there is not one person who does not recognize the site of the Parthenon, one of the oldest symbols of the cradle of civilization, that stands timeless on a mountain that dates back over 5,000 years at the center of one of the most renowned cities of the world, Athens, Greece. Athens should not just be a city you travel through before heading to the islands. Athens is one of my favorite destinations in Greece, and I am sure will be yours, once you discover all that it has to offer.

Myth has it that a battle between the Goddess Athena and the God Poseidon took place for who would be the ruler and protector of the city. The first king of Athens, Cecrops resolved the difference by asking the gods to offer gifts to the citizens and they would decide. Between the sea water spring of Poseidon and the olive tree of Athena the Athenians chose the symbol of peace and prosperity, the olive tree. Hence the legendary city was named Athens after the Goddess of wisdom.

  • Published in Travel

New Haircut Scenario

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.

  • Published in Economy
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