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PALAERUS (Παλαιπός: Eth. Παλαιπεύς), a town on the W. coast of Acarnania, on the Ionian sea, which is placed by Strabo between Leucas and Alyzia. Its exact site is unknown. Leake places it in the valley of Livádhi. In the first year of the Peloponnesian War (B.C. 431) Palaerus was in alliance with the Athenians; and when the latter people took the neighbouring town of Sollium, which was a Corinthian colony, they gave both it and its territory to the inhabitants of Palaerus. (Thuc. 2.30; Strab. x. pp. 450, 459.)

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