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NEWS
February 26, 1987 | United Press International
Two Albanians buoyed by a truck tire inner tube swam from Albania to the Greek island of Corfu through rough seas overnight and sought political asylum, police said Wednesday.
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BUSINESS
June 20, 2011 | By Henry Chu, Los Angeles Times
European finance officials put off a decision Monday on handing debt-laden Greece its next installment of emergency loans, increasing the pressure on Athens to enact new austerity measures and fueling market fears of a national default. Investors had hoped that officials meeting in Luxembourg would approve the payout of about $17 billion in rescue loans to Greece, which desperately needs the money to pay bills that come due next month. But after several hours of talks, finance ministers from the 17 countries that use the euro said early Monday they would release the funds only if Greek lawmakers approve a controversial program of tax hikes and spending cuts to slash the country's mammoth budget deficit.
ENTERTAINMENT
December 2, 2005 | From Bloomberg News
The J. Paul Getty Museum will consider Greece's request to return four antiquities to the country after its new director takes up his position next year. The Greek Culture Ministry said it had received a letter to that effect from Michael Brand, who takes over as museum director in January. But the ministry said in a statement that it wasn't satisfied with the response and would continue to press its case for return, by legal means if necessary.
SPORTS
July 2, 2004 | MIKE PENNER
Jan Koller, the bald giant who plays forward for the Czech Republic, sat on the grass in Porto, Portugal, on Thursday, his boots off, his eyes glazed. He looked like Gulliver after being low-bridged by the Lilliputians, only these spoke Greek. What else can you say about the last play of Koller's last match of Euro 2004?
ENTERTAINMENT
July 13, 2007 | From the Associated Press
Many of Greece's most valued ancient statues are wearing chains and padded vests, ready for a rare outing. Culture Ministry officials demonstrated Thursday how more than 300 statues from the Acropolis are being packed for a move this fall to a new museum being built at the bottom of the hill.
TRAVEL
January 24, 1988
My fascination with Greece began more than three years ago. I had dreamed of visiting ancient oracles and tried to imagine walking across the land of the gods in the footsteps of history. This year was my third visit. The moment I arrived on Greek soil on a tour, I felt comfortable. Even as a single female, I was at home with the land and its people. I had complete trust, whether with a tour or on my own. When it came time to leave, I left with sadness, but with the hope that I may return soon to be with the many friends I made.
ENTERTAINMENT
September 1, 2006 | From the Associated Press
Two ancient Greek artifacts that officials said had been smuggled out of the country came home Thursday as part of an agreement with the J. Paul Getty Museum. A 2,400-year-old, black limestone stele and a marble votive relief dating from about 490 BC went on display at Athens' National Archaeological Museum only hours after being flown in from L.A.
TRAVEL
February 5, 2012 | By Catharine Hamm, Los Angeles Times
Question: What is the anticipated effect of the financial problems in Greece on tourists this summer? Mick Lowry Los Angeles Answer: That's not an easy question to answer, because negotiations over Greece's financial fate continued last week, and the outcome will determine how uncomfortable - or not - life there will be. What has happened to Greece is a bit like what happens to many of us: It borrowed too much money....
WORLD
May 14, 2012 | By Henry Chu and Anthee Carassava, Los Angeles Times
ATHENS - As Greece lurches along without a government, its deepening political crisis is fast turning into a war of wills in which Europe's economy potentially hangs in the balance. On one side are the Greek politicians who accuse other Europeans of trying to "terrorize" their country into accepting more draconian austerity cuts and who warn that if Greece gets kicked out of the euro, "Europe will be doomed. " On the other are officials in Brussels, Berlin and other capitals, who say that expelling Greece from the Eurozone would be regrettable but "can be managed" if Athens reneges on the tough terms to which it has agreed in exchange for two international bailouts.
BUSINESS
June 14, 2011 | By Tom Petruno, Los Angeles Times
Standard & Poor's downgraded Greece's government bonds, citing a "significantly higher likelihood of one or more defaults" by the Athens government. The credit rating firm's lowering of Greece's rating to CCC from B reinforced a message that has been coming from the bond market since March: There's no way out of the country's debt morass without forcing bondholders to take some kind of haircut. The Mediterranean nation is now the lowest-rated country graded by S&P. Though S&P said it expected more financial help for Greece from the rest of the euro-zone countries, it also said it believes that "some official creditors will see restructuring of commercial debt as a necessary condition to such additional funding.
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