Daily Archives: November 11, 2011

Archives November 11, 2011 posted by

Tiger Woods bites back to lead in Australia Open

TIGER  Woods flourished in balmy morning conditions to claim one-stroke advantage halfway through the Australian Open on Friday, leading a tournament overnight for the first time this year.

The 35-year-old former world number one was delighted with his round of 67 to reach the clubhouse at nine under par, a shot clear of local veteran Peter O’Malley, whose six-under 66 was the lowest score of the day.

Australia’s world number seven Jason Day, who played with his boyhood hero Woods in front of packed galleries at the Lakes course for the first two rounds, was a further shot back in third on seven-under after a 68.

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Papademos sworn in to tackle Greek crisis

New Greek Prime Minister Lucas Papademos took office today, heading a coalition cabinet filled with many of the same politicians who led the nation into crisis.
At a colourful swearing-in ceremony, bearded Orthodox priests, led by the Archbishop of Athens, blessed Papademos and a cabinet dominated by the two main parties which had bickered for four days before agreeing on the crisis coalition.
Apart from Papademos, who has no political experience, the main new face in the cabinet is a minister from the LAOS party — the first time the far right has entered a Greek government since the country returned to democracy in 1974 following years of military rule.
The line-up includes socialist party power broker Ev

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Greece dependent on Iranian oil

 

Greece is relying on Iran for most of its oil as traders pull the plug on supplies and banks refuse to provide financing for fear that Athens will default on its debt.

Traders said Greece has turned to Iran as the supplier of last resort despite rising pressure from Washington and Brussels to stifle trade as part of a campaign against Tehran’s nuclear programme.

The near paralysis of oil dealings with Greece, which has four refineries, shows how trade in Europe could stall due to a breakdown in trust caused by the euro zone debt crisis, which is threatening to spread to further countries.

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Kazamias says scope of aid to banks is "limited"

Finance Minister Kikis Kazamias said today that Cyprus would help its Greek-exposed banks to boost their capital if their own efforts fall short, but acknowledged that its capacity to assist was constrained by the country’s own fiscal difficulties.

Kazamias said support to the banks could be extended only after they have made exhaustive efforts to raise fresh capital themselves, which should include disposal of non-core assets and cutting salaries and dividend payouts.

There has been growing speculation that Cyprus, which represents just 0.2 percent of the euro zone economy, could need a bailout to ease the burden of its bank’s exposure to Greece, fiscal difficulties which have been gradually mounting and a loss of access to international capital markets.

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HEALTH

Offering healing hands massage-professional. Denas neurostimulation therapy-distress back massage for reduce pain. Face massage wrinkle control. Tel 99743032 by appointment

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let paphos

empa village, 2 bedroom, ground floor apartment with small garden, quiet area, unfurnished, includes appliances. close to paphos and chloraka, ideal for pensioners or single persons. euro 260 per month, tel : 99742194 

 

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Luxury studios available near…

Luxury studios available near old town Limassol close to amenities and shops. Refurbished to excellent standard with ensuite shower, communal washing machine. Electricity to be paid by the tenant. 400 euros per month (includes water). Call 97776651 for viewings.

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‘New austerity measures within days’

NEW AUSTERITY measures will be announced within days, the government said yesterday only hours after Brussels threatened Cyprus with immediate sanctions if measures were not put in place to lower the deficit.

Cyprus, along with Malta, Belgium, Hungary and Poland have failed to reign in their deficits to the required level of under 3.0 per cent and will be receiving stern warning letters from Brussels in the coming days, said EU Economic and Monetary Affairs Commissioner Olli Rehn.

“I have already given an early warning to the ministers of these countries during the last Ecofin Council (held on Tuesday) and will be sending letters with our requests to these specific member states,”  Rehn said.

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Our View: Why have parties waited so long to discuss details of touted federation?

 

DEPARTING from Wednesday’s National Council meeting, EUROKO leader Demetris Syllouris told the waiting newsmen that the peace procedure “leads either to deadlock or a very bad settlement”. The time had come “to make an overall evaluation of things, take into account all conditions and the changes in the region and change strategy”. He did not explain what this new strategy would involve.

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