Thursday, June 23, 2011 Bankrupt the celebrated online IT retail store filed for clause 99 which is the equivalent of the American Chapter 11 seeking refuge from creditors. The Greek Real Estate market is continuing its negative spiral with the expected transactions to be less than 50,000 in 2011 comparing with about 75,000 in  2010 and over 100,000 in 2008.

The Greek photovoltaic market is showing potential (no pun intended !) with major players such as Solyndra/Clemens Jargon making a break in via Pacific Renew Energy while the austerity measures have lead yacht owners to flee Greek marinas for Croat and Turkish ones.

Source : Kathimerini, June 23 2011, pg. 24

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