“Lady in Gold” unearthed on Crete

Archaeologists made an important discovery when they unearthed an ancient female skeleton covered with gold foil in a grave in the ancient city of Eleutherna on the northern foothills of Mount Ida near Rethymno, Crete. The finding dates back to the early Archaic Period.
The findings were inside a 2,700-year-old twin tomb, the only one in ancient Eleutherna, located very close to a necropolis of fallen warriors. The woman, of high social or religious status, was interred with a second skeleton in a large jar placed behind a false wall, to ward off body snatchers.
The tiny gold ornaments, ranging from 1 to 4cm long, in different forms (square, triangle, and diamond-shaped) were found next to the remains of the woman, discovered a few weeks ago by a team led by archaeology professor Nicholas Stampolidis of the University of Crete – head of the Eleutherna excavation.
A unique jewelry piece depicting a bee as a goddess was also found amongst the thousands of gold plaques. Excavators also unearthed perfume bottles, hundreds of amber, rock crystal and faience beads and a gold pendant in the form of a bee goddess.
The findings are so extraordinary that they justify the decision made recently by the Archaeological Institute of America to include the excavations at ancient Eleutherna among the best worldwide.
(GREEK NEWS AGENDA)
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Warsaw European Special Olympics – Multi-Medal Greek Team

The Greek Special Olympics Team brought home a total of thirty-four medals from the Warsaw European Special Olympics: eleven gold, twelve silver and eleven bronze.
Alexandros Stoupakis was the multi-winner of the event, with a total of four golden medals in weight-lifting. The athletics team performed exceptionally well with a gain of nine medals, including the fastest woman’s in the games, Niki Talamaga’s gold medal in the 100 m. event.
Next big date: the Athens 2011 Special Olympics.
(GREEK NEWS AGENDA)

Greece: Economy & Finance

» BoG Governor on Budget Deficit

The strong parliamentary majority of the new government will enable it to move ahead with much needed reforms in the economy combined with a growth agenda, Bank of Greece Governor George Provopoulos said  October 6.  Speaking on the sidelines of the annual meeting of the International Monetary Fund and the World Bank in Istanbul, Provopoulos also warned that the budget deficit will be considerably higher than 6%, possibly reaching 10% of the GDP for 2009. Brussels is expected to publish its own estimates on the Greek budget and economy in the Commission’s fall report on November 3.  Kathimerini daily: Deficit seen above 10pct mark

» Investing in Gold

European Goldfields, a Canada-based resource company involved in the exploration, acquisition, mining, and development of mineral properties in Greece, Romania and South-East Europe, has won preliminary approval to develop two projects in the Olympias and Skouries mines, in northeastern Greece. It is expected that an output of 420,000 ounces of gold from 2012 onwards, will double current European gold production.  Kathimerini daily: Gold mine projects move ahead

Ancient Precious Graves Unveiled in Greece

(GREEK NEWS AGENDA)     In a rich, ancient cemetery in northern Greece near Pella, archaeologists have unearthed 43 new graves unveiling the bodies of 20 warriors with copper helmets and iron swords, daggers and spearheads. Ornaments of gold foil covered their mouths, eyes and chests as part of the burial offerings found inside the graves.   According to the Culture Ministry’s press release following the first excavation “the settlement (to which the cemetery belonged) flourished in wealth and population mainly during the archaic period”, while “the funerary use of (the gold ornaments) and the other grave goods points to a strong belief in life after death, and rebirth.”  Associated Press: Rich finds from ancient cemetery in Greece