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Greece Puts $12.8 Billion Investments at Risk as Projects Stall [Bloomberg Business News]

ELDORADO GOLD (EGO)  More Company Research Source: Bloomberg Business News
Last eldorado gold earnings: 7/26 05:42 pm Check Earnings Report
US:NYSE Investor Relations: eldoradogold.com/investors/default.aspx
PDF Two of Greece’s biggest projects -- together valued at about 11 billion euros ($12.8 billion) -- have stalled on bureaucratic and legal wranglings, raising questions about the country’s ability to draw investments it desperately needs for an economic recovery. Lamda Development , which is managing the Hellinikon site, the biggest real estate investment in country, said on Friday that Greece’s efforts to go back on terms already agreed to “violates the necessary trust between the parties.” That statement came a day after Canadian mining company Eldorado Gold Corp. announced that it’s taking legal action against Greece for its failure to issue the company permits needed for its Skouries project.  The setbacks come as the government of Alexis Tsipras tries to lure much-needed investments to revive an economy that has shrunk by more than 25 percent since the beginning of Europe’s debt crisis and has an unemployment rate of more than 20 percent. Gro [Read more]

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