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Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Wednesday, October 10, 2012

Chinese Company Sets New Rhythm in Port of Piraeus

Cosco, a Chinese company, is running its part of the port of Piraeus in a much different way from the way the Greek company nearby operates. Some see it as an example; others see it as a menace.

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Letters: English is the key

"... [Theresa] May has also been struck by the lack of high-quality academic evidence on why members of EU states often choose Britain to seek work and reside in as opposed to other EU countries" (May targets migrants as Tories attempt to appease Eurosceptics, 8 October). Well, such research would be a waste of time and money, because I can tell her: the reason why people of other EU states (and people from outside the EU) see Britain as a place to find work is that these foreigners speak English or can get by with it at least. It is really as simple as that. It is not because Britain is a nicer place than others. How, for example, can an ordinary Greek or Spanish citizen be expected to have much luck with finding work in Denmark or Estonia (except in an international organisation), just as it would be rather difficult for a British person to find work in Hungary without knowing Hungarian, on the whole? The English language is the key. It is obvious and I have been saying it for years.
Lisbet Faragher
Edinburgh


guardian.co.uk © 2012 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds







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Greece takes it out on immigrants


Greece takes it out on immigrants
Macleans.ca
A year ago, Musta Amid paid human traffickers to smuggle him to Greece over the Turkish border—the most porous in Europe. “All I want is to work,” said the 19-year-old Nigerian, sitting on a commuter train bound for Athens, where he sells handmade crafts.

and more »

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Euro edges higher vs dollar; Spain, Greece eyed


Livemint

Euro edges higher vs dollar; Spain, Greece eyed
Reuters
NEW YORK (Reuters) - The euro edged higher against the dollar on Wednesday after a two-day decline, but uncertainty about whether debt-ridden Spain would ask for a bailout and Greece would get more money from its lenders could limit gains. European ...
Draghi says Greece must do more on reformsChicago Tribune
Draghi To Greece: Good, But Not Good Enough, Euro Breaks $US1.29Action Forex

all 511 news articles »

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Markets Hub: Greece Gets Solidarity, But Needs More, Godfrey Says


Markets Hub: Greece Gets Solidarity, But Needs More, Godfrey Says
Wall Street Journal (blog)
By Paul Vigna. Greece got a show of solidarity, but that's about it, and the question is will the public sector, more specifically, the ECB and IMF, finally take haircuts to help the troubled nation. “The situation hasn't improved from an economic ...

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One Dotcom Angel Flying Too Close to the Sun

Bubbles (Photo credit: JanneM) Of all Dotcom crush survivors, one stands out: Amazon.com (NASDAQ:AMZN). The company’s stock is a rising angel, but it may be flying to close to the sun like Icarus in the ancient Greek legend. Trading at close to 112 times December 2013 earnings, Amazon’s stock is roughly [...]

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FOREX-Euro flat vs dollar as investors eye Spain, Greece


Sydney Morning Herald

FOREX-Euro flat vs dollar as investors eye Spain, Greece
Reuters
Dollar index holds near 1-month high. * Euro likely to see range-trade between $1.2820 and $1.31. * Markets eye Greece talk with lenders, Spain decision on bailout. By Wanfeng Zhou. NEW YORK, Oct 10 (Reuters) - The euro was stable against the dollar on ...
Greece Still Taking its Toll on EuroWall Street Journal (blog)
Euro Falls Versus Major Peers Amid Greece Concern; Rand ClimbsBusinessweek
Spain and Greece Concerns Continue to Affect Euro Zone TradingJutia Group
Fox Business -New York Times -Chicago Tribune
all 1,069 news articles »

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Ninth Greek festival set for this weekend


Daily News - Galveston County

Ninth Greek festival set for this weekend
Corvallis Gazette Times
The Greek Fest menu includes chicken souvlaki, braised lamb with carrots and potatoes, pasticcio, spanakopita, mousaka, stuffed grape-leaves and tsatsiki. Complete dinners — served with Greek salad, rice pilaf, hummus and pita bread — are $13 for ...
41st Annual St. Nicholas Greek Orthodox Church FestivalWestern Queens Gazette
Islanders prepare for Greek FestivalDaily News - Galveston County

all 4 news articles »

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Greece Nude Protest: American Nabbed For Nude Parliament Run During ...


Greece Nude Protest: American Nabbed For Nude Parliament Run During ...
Huffington Post
ATHENS, Greece -- Greek authorities have brought indecency charges against a U.S. national who allegedly pranced naked at a prominent Athens war memorial following an anti-austerity protest outside Parliament. The 56-year-old man, who was not ...

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Greek streak: US man charged over naked jig outside Parliament after anti ...


Greek streak: US man charged over naked jig outside Parliament after anti ...
Washington Post
ATHENS, Greece — Greek authorities have brought indecency charges against a U.S. national who allegedly pranced naked at a prominent Athens war memorial following an anti-austerity protest outside Parliament. The 56-year-old man, who was not ...

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Greek streak: US man charged over naked jig outside Parliament after anti-austerity protest

ATHENS, Greece - Greek authorities have brought indecency charges against a U.S. national who allegedly pranced naked at a prominent Athens war memorial following an anti-austerity protest outside Parliament.

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Former Greek Finance Minister Says 2013 Draft Budget to Change


Former Greek Finance Minister Says 2013 Draft Budget to Change
Businessweek
Greece's 2013 budget draft will change significantly because talks with international creditors have yet to conclude, Pasok lawmaker and former Finance Minister Filippos Sachinidis said. “Today we discuss a budget draft for 2013 which was tabled in ...

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Eyewitness: Athens, Greece

Photographs from the Guardian Eyewitness series



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Greek economy wilting but deficit improving


Greek economy wilting but deficit improving
ForexLive (blog)
Greek economy wilting but deficit improving. By Adam Button || October 10, 2012 at 14:29 GMT. || 0 comments || Add comment. Greece's alternate finance minister forecasts the economy will contract 6.5% this year and 3.8% in 2013. It's incredible that ...
Greek August industrial output rises 2.5%y/yFXstreet.com

all 523 news articles »

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In Greece, no love for Merkel


In Greece, no love for Merkel
Albany Times Union
ATHENS, Greece — German Chancellor Angela Merkel got a hostile reception from many ordinary Greeks on Tuesday when she flew into Athens on her first visit to the country since its debt crisis erupted three years ago. But she praised the current Greek ...


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Greek unions call another general strike

Greece's main labor unions have called a general strike for Oct. 18, the day of a European Union summit and a month after a similar strike saw tens of thousands demonstrate and violent clashes break out with police.

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Forex Flash: Greece a unique 'one-time' case? – UBS


Forex Flash: Greece a unique 'one-time' case? – UBS
NASDAQ
FXstreet.com (Barcelona) - A Bloomberg story citing ECB member Noyer gained a lot of attention on yesterday, as Noyer was reported as saying that the decision to give up senior status was based on a strong belief that Greece is a unique case and there ...

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IMF Sees European Banks Facing $4.5 Trillion Sell-Off


Globe and Mail

IMF Sees European Banks Facing $4.5 Trillion Sell-Off
Bloomberg
Play Largarde: Seeing `Good Things' in Greece The International Monetary Fund said European banks may need to sell as much as $4.5 trillion in assets through 2013 if policy makers fall short of pledges to stem the fiscal crisis, up 18 percent from its ...
European Shares Slip After IMF ReportNew York Times
IMF chides EU for "critically incomplete" crisis responseReuters
IMF Weighing New Loans for EuropeWall Street Journal
Washington Post -Los Angeles Times
all 2,259 news articles »

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Why Angela Merkel may not be able to keep Greece in Europe


Christian Science Monitor

Why Angela Merkel may not be able to keep Greece in Europe
Christian Science Monitor
Greece will exit, and Merkel will be proven wrong – I'm willing to bet on it,” says Hans-Werner Sinn, president of the Munich-based Ifo Institute for Economic Research. Mr. Sinn believes that Greece would need financial support for many more years if ...
Samaras Bolstered as Greece Aims to Wrap Up Troika TalksBloomberg
Greece's biggest cheerleader: Angela MerkelWashington Post (blog)
Merkel's visit to Greece highlights euro tensionsMarketWatch
DesMoinesRegister.com -Buffalo News
all 3,011 news articles »

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David Cameron makes a flat speech for flat times

A competent address to the Tory conference shows he has substance, but tells us little we didn't already know

It was a competent leader's speech, one that reminded his listeners that David Cameron has more substance to him than the effervescent Boris Johnson, but also a flat speech for pretty flat times. This summer's Olympics and Paralympics are a warm glow in the national consciousness, but winter is drawing in and the economic spring seems as far away as ever.

Actually, Cameron went one worse than that, as his friend and ally George Osborne did on Monday. If the old "sclerotic" economies of the west, the world's dominant powers for 500 years, don't get their act together to match the resurgent power of Asia – and Latin America, Africa even – we are all in trouble. He wants Britain to be buccaneering again, "an aspiration nation" not trapped in a "yes, but" mentality which ducks tough challenges.

Splendid, splendid, as the ghost of Willie Whitelaw might have replied. We can all sign on for that, Ed Miliband and Nick Clegg (did he even mention him once? I think not) as well as the Tory activists in Birmingham's Symphony Hall. How to do it, how to cut debt and deficit while nurturing investment and protecting the deserving poor, that's the hard bit.

We learned little that we didn't know already in policy terms. What struck me was that the tone Cameron struck was centrist, moderate, emollient even. He prodded the separatist SNP's Alex Salmond with a sharp stick, reminded the faithful that he had vetoed an EU treaty (not that it made any difference) and warned benefit scroungers that he is on their case.

But it wasn't a rant and hardliners must have known he was pulling his punches. Cameron mocked Labour for wanting to solve problems of overspending and excess borrowing (not all of it is the bankers' fault, only most of it) by doing more of the same. But he knows his strategy is vulnerable too. So much demand is being sucked out of the economy that borrowing is rising again.

And he praised "our NHS" and said he would defend it – though Jeremy Hunt is yet to look like a convincing champion. He expressed extravagant, feel-good admiration for entrepreneurs, plucky athletes and inventors – Britain is the best, it really is, he told them. For a moment some must have believed him.

"My job – our job – is to make sure that in this 21st century, as in the centuries that came before, our country is on the rise. And we know here how that is done. It is the collective result of individual effort and aspiration, the ideas you have, the businesses you start, the hours you put in," he said.

That was the core of the "aspiration" which explicitly claimed that Tories are usually better at this one nation stuff than Labour. "We don't preach about one nation but practise class war, we just get behind people who want to get on in life." No retreat on the austerity package, there's no other way if we don't want to head down the Greek road to unsupportable borrowing costs, the prime minister insists in the face of the latest IMF downgrade of future UK growth prospects.

OK, if you say so. Some tweeters immediately saw such talk as predatory free enterprise capitalism dressed up in the language of individual aspiration and choice. As cuts bite hardest on the deserving as well as undeserving poor – can they really cut benefit to larger families? – it will feel that way to many people. Cameron sees it as raising the aspiration bar for kids who have been sold short by low expectations but could become part of the dynamic element of society, the part that pays more in taxes – as a clutch of partisan studies have claimed this week – than they take out in benefits.

It was a speech that didn't address the wider problems facing the world community. Internationalism is on the retreat as foreign intervention becomes unpopular (he did defend the aid budget) and nations nurse their domestic economic problems. That is a weakness increasingly common to all party conferences; even Europe seems too daunting and divisive an agenda for the coalition government.

But it kept him in the game. Just as Ed Miliband strengthened his grip on his party in Manchester last week, so Cameron quelled silly talk of coups and Boris. It won't be a speech for the history books, but it will do for now.


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Merkel voices support for Greece

Greek authorities are expecting unrest as German Chancellor Angela Merkel visits a country where many see her as one of the main reasons they are suffering.

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