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Greece’s Hellenic Republic Asset Development Fund has identified 40 uninhabited islands and islets that could be leased for as long as 50 years to reduce debt as pressure grows on the country to revive an asset-sales plan key to receiving international aid. “We identified locations that have good terrain, are close to the mainland and have a well-developed infrastructure and, at the same time, pose no threat to national security,” Andreas [...] ATHENS–Greece’s newly elected government announced Tuesday the merger or closure of 21 state agencies, marking the first steps toward streamlining the country’s bloated public sector, as a delegation of international inspectors returned to Athens. The entities employ a total of 5,256 people and are funded to the tune of about EUR40 million ($48.2 million) from the state budget, according to an announcement from the Ministry of Administrative Reform. The 21 agencies–which include [...] Bank of America Corp. (BAC) said it will contribute $50 billion over the next 10 years to address climate change, the latest company to boost its investments toward environmental goals. The new set of goals will be effective on Jan. 1, following the anticipated completion of the bank’s current 10-year pledge of $20 billion, which it said is four years ahead of schedule. “Environmental business delivers value to our clients, return [...] Dramatic situation in the Corinth prison, problems in Patra and Alikarnassos – Prisons are running out of food! At a time when the entire country is being tested by the economic crisis, some people are quite literally on the verge of destitution and hunger. At a time when the empty state coffers can not support any concept of a welfare state, with “frozen” financing towards education and health, the prison system could [...] At a time when the entire country is being tested by the economic crisis, some people are quite literally on the verge of destitution and hunger. At a time when the empty state coffers can not support any concept of a welfare state, with “frozen” financing towards education and health, the prison system could not be an exception. The financing for many prisons has decreased to a minimum for some months [...] LONDON -(Dow Jones)- Asset manager clients of UBS AG (UBS) last week sold euros at the fastest pace since November 2011, the bank said Monday, illustrating a “torrid” week for the single currency. Overall euro flows for the period were the second-largest of the year so far, the Swiss bank, the fourth-largest currencies-dealer by market share, said in a note to clients. “The biggest damage to the currency was done not [against [...] |
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