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Athens Burns As Hellenic Parliament Votes Yes To New Austerity Bills

athensThe cradle of western civilization, the ancient centre of Athens, is burning as a majority of Greek MPs voted yes to new austerity bills. More than 40 historic buildings are burning to the ground, including the one housing the Bank of Cyprus in the city.

World's Longest Submarine Electricity Cable To Be Built Between Israel, Cyprus, Greece

The EuroAsia Interconnector, the world's longest submarine electricity cable reaching 540 nautical miles at a depth of 2000 meters and delivering 2000 MW, is set to be built between Israel, Cyprus and Greece, according to a new agreement signed on March 4th in Haifa.

Who Burned Athens?

athens burningMost of the 100,000 protestors that took to the centre of Athens Sunday night to protest new austerity measures bills were peaceful, but among them there were a few vandals with masks who tried to burn the city centre.

Who these people are has been debated since May 2010 when they first appeared, causing destruction and the deaths of 3 adults, including a pregnant woman.  

Today Athens police gave a list of nationalities, ages and other information for those masked vandals arrested for Sunday night’s events. One third of them are foreigners. 

According to police, 53 of those arrested are Greek nationals and 26 are foreigners, including: nine Albanians, four Algerians, one Tunisian, one Moor, two Romanians, two Poles, one Afghan, a Moldovan, four Palestinians and one Iraqi.

United Front Against Turkey - Beglitis

cyprus offshore gas drillingThere is a new reality in the balance of power in the Mediterranean with a strong united front against Turkey comprised of the EU, the US, countries of the Eastern Mediterranean and Russia, said Greek Defence Minister Panos Beglitis commenting on Turkish threats towards Cyprus on the issue of offshore gas drilling operations.

Worry Over Turkey's 'Provocation' - Greek President

Greece is worried over Turkey's 'provocations' in the Aegean and "the constant projection of unilateral and historically-unfounded claims", said Greek President Karolos Papoulias speaking at the 35th anniversary of the restoration of Greece's democracy.

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Poll

Do you think Cyprus should leave the euro and return to the pound?
Yes, we're too exposed to the eurozone's woes
63%
No, we can get through the crisis and benefit from the euro
24%
Undecided, there are pros and cons on both sides
13%
Total votes: 409