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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Hundreds flee Santorini as quakes disrupt life

    Published by Global Banking and Finance Review

    Posted on February 4, 2025

    Featured image for article about Headlines

    By Alkis Konstantinidis

    SANTORINI (Reuters) - Hundreds of people packed a port in Santorini in the early morning hours of Tuesday to board a ferry and reach safety in Athens as a series of quakes kept shaking the famous Greek tourist island.

    Hundreds of quakes have been registered every few minutes in the sea between the volcanic islands of Santorini and Amorgos in the Aegean Sea since Friday, prompting authorities to shut schools in Santorini and the small nearby islands of Ios, Amorgos and Anafi until Friday.

    A tremor with a magnitude of 4.7 was recorded by the European Mediterranean Seismological Center (EMSC) at 0653GMT on the island most of whose popular white and blue villages cling to steep cliffs over the sea.

    "Everything is closed. No one works now. The whole island has emptied," said Dori, a 18-year-old local resident who declined to give his last name, before boarding the ferry to Athens.

    "We will go to Athens until we see how things develop here."

    More people were expected to fly out on an additional flight on Tuesday.

    With seismologists estimating that the intense seismic activity could take days or weeks to abate, people were advised to stay out of coastal areas due to the risk of landslides and avoid indoor gatherings.

    Some hotels started emptying their pools as they were told that the water load made buildings more vulnerable.

    Greece is one of the most earthquake-prone countries in Europe as it sits at the boundary of the African and Eurasian tectonic plates whose constant interaction prompts frequent quakes.

    Santorini took its current shape following one of the largest volcanic eruptions in history, around 1600 BC. The last eruption in the area occurred in 1950.

    (Writing by Angeliki Koutantou; Editing by Michael Perry)

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