First place Olympic Gold Medal: It is composed of 550 grams of silver (at least 925–1000 grade) covered with 6 grams of pure gold (worth approximately $494).
Olympic Athletes – Don’t be fooled by Gold plated silver medals this year in London.
They dont even have the money for pure gold!
The IOC dictates the physical properties of the medals and has the final decision about the finished design. Specifications for the [...]
Greece’s parliament approved cuts in pensions and health care a day after ratifying a 3.2 billion euro ($4.3 billion) package of spending reductions to move closer to a rescue package to avert financial collapse.
Lawmakers voted 213-58 in favor of the law, Acting Parliament Speaker Grigoris Niotis said early today in remarks on state-run Vouli TV.
Approval in parliament allows Prime Minister Lucas Papademos to meet with euro-area partners this week [...]
ATHENS — Available for rent: The Acropolis.
In a move bound to leave many Greeks and scholars aghast, Greece’s culture ministry said Tuesday it will open up some of the debt-stricken country’s most-cherished archaeological sites to advertising firms and other ventures.
The ministry says the move is a common-sense way of helping “facilitate” access to the country’s ancient Greek ruins, and money generated would fund the upkeep and monitoring of sites. The [...]
A European Union flag flies at the foot of Acropolis hill in Athens.
As Bloomberg reports, “A 10-hour meeting in Brussels failed to yield a blueprint for banks’ role in a revamped Greek rescue as European finance ministers haggled over what they called a “credible firewall” against fallout from deeper writedowns.” And now it’s 5 start dinner time: “The ministers’ meeting broke up at about 7 p.m. after reaching agreement [...]
Uploaded by RussiaToday on Jul 22, 2011
A major U.S. credit agency says it will downgrade the Greek debt to default status as a result of the second bailout for the country. The plan agreed by EU leaders, includes both government and private loans totaling around 150 billion euros. The move has boosted the single currency for now, but critics say it’s only plunging the struggling Eurozone [...]
Have €121,000 lying around? Enjoy hiking in smallish central European countries with picturesque villages? Then this deal is for you. While its new European banker overlords are pushing Greece to sell off, pardon, “privatize” the bulk of its most monetizable assets, Austria has already seen the writing on the wall, and in a very proactive step, iss offering to see two mountain peaks [...]
Greek public sector workers have stormed the Acropolis and scuffled with riot police after launching a 48-hour strike against austerity measures.
Their action comes ahead of a nationwide general strike on Wednesday.
The austerity measures were outlined in a draft bill submitted to the Greek parliament and will be voted on by the end of the week.
They have been introduced in return for a 110bn euro (Ã‚Â£95bn) international rescue package agreed for [...]