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  • Fairfax bets on Greek real estate rebound

    Fairfax Financial Holdings Ltd. is investing $244-million to become the largest shareholder of one of Greece's top real estate companies.The Toronto-based insurer and investment manager is increasing its position in Eurobank Properties S.A. - a subsidiary of one of Greece's top lenders, Eurobank Ergasias SA - which is focused on commercial real estate and privatizations in the country ...

  • After Gazprom snub Greece to sell gas company to Azerbaijan

    Privatization Having failed to woo Gazprom, Greece is to sell a 66 percent share in DESFA, a fully owned subsidiary of state-run natural gas company DEPA, for EUR400 million to Azeri state-owned SOCAR. Greece will receive approximately EUR188m from the sale, which it will use to pay off its massive debts. "The privatization agency is very pleased, it's basically a done ...

  • Greece PM in fresh bid to break deadlock over broadcaster

    Greek Prime Minister Antonis Samaras will on Wednesday make a last-ditch effort in talks with coalition allies to avert a crisis over his controversial shutdown of the state broadcaster which threatens to bring down his ...

  • Its not brain surgery

    The eurozone does not intend to change the terms of Cyprus's bailout as requested by Cypriot President Nicos Anastasiades in a letter sent to eurozone leaders and its lenders, three senior ...

  • UPDATE 1-Fairfax to raise stake in Greek Eurobank Properties

    Wed Jun 19, 2013 4:55am EDT ATHENS, June 19 (Reuters) - Canadian investment firm Fairfax Financial Holdings will raise its stake in Greek real estate firm Eurobank Properties to 42 percent from 19, parent Eurobank said on Wednesday. Fairfax and Eurobank aim to strengthen their relationship as shareholders of Eurobank Properties and boost its resources to make it a leading player in the ...


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Movie Review

The Ten Commandments [DVD]

The Ten Commandments [DVD]

Cecil B. DeMilles opulent Technicolor remake of The Ten Commandments, which he had originally directed in 1923, is the cinematic equivalent of really bad religious art: Those who love it and find it spiritually moving truly, deeply love it, while everyone else wou ... ...

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  • Mass jobs losses as Greek state broadcaster ordered to reopen

    Late Monday, a ruling by Greece's highest administrative court, the Council of State, cancelled the June 11 decision of the government to immediately close the Hellenic Broadcasting Corporation (ERT), with the loss of 2,700 jobs.The provisional ruling is an attempt on behalf of the Greek ruling class to manage a crisis that has threatened to spiral out of control. It stated the decree last ...

  • Greece set to seal natgas deal with Azerbaijani company

    Greece is set to agree the sale of its natural gas grid operator DESFA to Azerbaijani state energy company SOCAR, a senior official directly involved in the talks said on Tuesday, APA reports quoting Reuters. SOCAR has improved its offer to buy a 66 percent stake in the company to 400 million euros ($536 million), a price that Greece's privatization agency HRADF finds satisfying, the ...

  • Shockwaves continue after Greece pulls plug on public TV

    An employee of the Greece state broadcaster ERT gives instructions in front of monitors in the control room at the television station's headquarters in Athens, on Tuesday, June 18, 2013. State TV channels in Greece remained off-air Tuesday as the political storm over the future of public broadcaster ERT rages on despite a court ruling that the prime minister's decision to pull the plug ...

  • Greek broadcaster ERT back on the air but still set to shrink

    Thousands of demonstrators gather outside the Greek public television and radio broadcaster ERT headquarters in Athens northern suburb, after Greece's government announced on June 11, 2013 the immediate closure of ERT in a move that reportedly affects about 2,700 jobs. Hundreds rushed to the main premises of ERT in the northern Athens suburb of Agia Paraskevi to show their support, shortly ...

  • EU Tells Samaras To Turn On ERT

    The European Commission has told Greek Prime Minister Antonis Samaras to abide by an order from the country’s highest court which ruled he should immediately restore the national broadcaster ERT he ordered shut down on June 11 and remained off the air despite the decision. "The European Commission takes into consideration the decision of the Council of State about ERT," stated ...

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