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How the world sees Greece
Wednesday, May 15, 2013
Russian tourist, 12, stabbed 20 times while vacationing in Crete
A 12-year-old Russian boy was stabbed nearly two dozen times while on vacation on the island of Crete, allegedly by a Dutchman working as an entertainer at the child's hotel, Greek authorities said.
Greece ETF Up 20% Since March; Fitch Lifts Credit Rating
Global X FTSE Greece 20 ETF (NYSEArca: GREK) has rallied 20% since the end of March as investors turn more sanguine on Europe’s debt woes and the health of the global economy. The Greek ETF climbed 3.5% ...
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Church at Thebarton under 'investigation'
Church at Thebarton under 'investigation' Adelaide Now No formal complaint has been received but police have confirmed they were conducting "initial inquires' at St Nicholas Greek Orthodox Church. The Priest Father Prokopios Kanavas was investigated by Israeli police last year in connection with an ... $5m in Federal Budget to shield Adelaide Greek Orthodox church from aircraft ... |
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8 Invaluable Things 'Greek' Taught Us About College Life
 PolicyMic | 8 Invaluable Things 'Greek' Taught Us About College Life - PolicyMic PolicyMic When it comes to Greek life, I'm kind of a poor sport. I loved most of the fraternities at my alma mater but never wanted to be in a sorority, as the concept of paying $4,000 a year for an organization just didn't sit well with me, but I did enjoy ... |
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An Early Greek Spring
 Wall Street Journal | An Early Greek Spring Huffington Post Wild flowers -- vibrant daisies, aromatic freesias and the graceful poppies that Greeks associate with Easter (their petals being as red as the blood of Christ) -- make their vibrant appearance in any conceivable corner, including the most humble ... Greek 3-month borrowing costs hit lowest in two years Greek budget on track to meet fiscal targets - GlobalPost Greece Bulls Charge Into Corporate Bonds |
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Greek gov't condemns racist attack against Afghan teen
Greek government strongly condemned the latest racist attack against an Afghan teenager in Athens last week, with human rights groups saying such incidents are on the rise.
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Eurozone Recession Now Longest In Currency's History
PARIS -- The recession across the economy of the 17 European Union countries that use the euro extended into its sixth quarter – longer than...
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Greenpeace Finds Toxins In Greek Produce
The environmental group Greenpeace in Greece, after testing 24 samples of apples, pears, carrots, zucchinis, potatoes, onions and bananas, randomly selected from grocery stores and supermarkets in various parts of Athens has found 27 chemical substances, including some considered toxic, in the products. Fifteen of the products were Greek, while nine were imported, it was reported. Some of the ...
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Andros Comes To The Golden Hall
The commercial center Golden Hall in Greece aims to promote Greek tourism by hosting a representative sample of culture, tradition, seamanship and protection of the environment from the island of Andros. In collaboration with the Municipality of Andros, there will be exhibitions and presentations at the ground and first floor of the commercial center from May 17-June 1. The Goulandris ...
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Lender stocks buoy main index higher
After several ups and downs over the course of the day, the main index of the Greek bourse ended on a high unseen in the last 21 months, with banks again accounting for most of the ...
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Thessaloniki Book Fair turns 10
Greek and foreign book professionals are preparing to meet at the Thessaloniki Book Fair, which turns 10 this year. The annual event runs May 16-19 at the northern port city's Helexpo Exhibition Center and is organized by the Ministry of Education and the Ministry of Culture in collaboration with Helexpo, the Hellenic Federation of Publishers and Booksellers and the Municipality of ...
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Greek Tax Officials Will Use IRS Playbook
Once-popular Greek singer Tokis Voskopoulos isn't singing the blues though because the country's highest court earlier this year waived his $10,000 fine for not paying $7.07 million in taxes and suspended his jail sentence. He got off scot-free. ATHENS - Befuddled by tax cheats who owe $70 billion and aren't paying - and forcing taxpayers to assemble thousands of receipts to be ...
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Jon Henley why social media was crucial to Greece on the breadline
Greece on the breadline series saw him visit the country to investigate the true impact of the financial crisis on its people. In this video, Jon discusses how Twitter helped him to get to the heart of the issue, and how his opinion of social media as a valuable newsgathering tool changed as a ...
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Russian child found stabbed while on holiday in Crete; Dutch hotel entertainer arrested
ATHENS, Greece - A 12-year-old Russian boy was stabbed nearly two dozen times while on vacation on the island of Crete, allegedly by a Dutchman working as an entertainer at the child's hotel, Greek authorities said.
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DNA reveals origin of Greece's ancient Minoan culture
 BBC News | DNA reveals origin of Greece's ancient Minoan culture BBC News Europe's first advanced civilisation was local in origin and not imported from elsewhere, a study says. Analysis of DNA from ancient remains on the Greek island of Crete suggests the Minoans were indigenous Europeans, shedding new light on a debate ... DNA reveals origins of Minoan civilization Minoan Civilization Originated in Europe, Not Egypt |
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Greek Festival in Norfolk May 16-19
NORFOLK - The Greek Festival, an annual event held under one of Hampton Roads’ biggest tents on the grounds of the Annunciation Greek Orthodox Cathedral in Norfolk, begins Thursday, May 16 and will run through Sunday, May 19. The 2013 Greek Festival, the area's oldest and largest ethic festival, will include the traditional Greek cuisine, exciting entertainment, arts and crafts, a cooking ...
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Greek Public-Sector Strike Fizzles
A Greek strike over education cutbacks failed to draw widespread participation, underscoring weakening public support for Greece's once-powerful labor movement.
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Fitch Upgrades Greece to 'B-'; Outlook Stable
Fitch Upgrades Greece to 'B-'; Outlook Stable Reuters KEY RATING DRIVERS The upgrade of Greece's sovereign ratings by one notch to 'B-' reflects the following factors: The Greek economy is rebalancing: clear progress has been made towards eliminating twin fiscal and current account deficits and 'internal ... |
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Mix-ins add crunch to Greek yogurt
Mix-ins add crunch to Greek yogurt Grand Forks Herald Mix-ins add crunch to Greek yogurt. When I spotted popular Greek yogurt brand Chobani's new line of yogurt with mix-ins like graham cracker and chocolate chips, I jumped at the chance to try it. Available in six flavors and on sale for $1 each at ... |
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Bond Rally Feeds Greek Recovery
Bond Rally Feeds Greek Recovery Wall Street Journal (blog) The price of Greek bonds maturing in 2023 Wednesday rose to more than 65 cents to a euro, up from a nadir of around 15 cents to a euro last year. Falling yields, rising prices, and of course the upgrade – are just the latest sign that Greece is ... Investors come close to pricing out Greek default risk |
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Greek tragedy, modern relevance in 'Theater of War,' featuring Oscar-nominated ...
Greek tragedy, modern relevance in 'Theater of War,' featuring Oscar-nominated ... Bangor Daily News Greek tragedy doesn't generally figure in any way into the average American's daily life, but the lessons that can be learned from what was written 2,500 years ago can still have a huge impact, once they're listened to or read. That's exactly what ... |
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Savage and devastating, 'Roadkill' upends Greek tragedy
Savage and devastating, 'Roadkill' upends Greek tragedy Chicago Sun-Times The ancient Greeks saw theater as a form of catharsis — “the purification and purging of such emotions as pity and fear, with the ultimate result being renewal and restoration.” Too often that sense of the extreme is generated in the most artificial ... |
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Malaria and HIV Spike as Greece Cuts Healthcare Spending
Malaria and HIV Spike as Greece Cuts Healthcare Spending The Atlantic Athenian drug addicts sharing needles or malaria-carrying mosquitoes biting Spartans have put Greece in the media spotlight over the past few months. But a decidedly less headline-grabbing fact is this: cuts taken over the last two years could look ... |
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Greek Tax Crackdown Yields Little Revenue
Tax evasion lies at the heart of the Greek financial collapse, yet efforts to collect billions of euros in taxes from deadbeat residents have yielded little additional revenue.
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Katerina Sokou: An Early Greek Spring
Crises have a way of doing this to people: They ground them and strengthen their resolve, while they also make them see the flowers between the cracks and draw inspiration from them. And this is all the Greeks can count on, for now.
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Greeks asked to welcome tourists who are bound for nation in record numbers
Antonis Samaras, the prime minister, appeals to compatriots to put on best face as 17 million foreigners head to Greece
The Greek prime minister, Antonis Samaras, issued an unusual appeal on Tuesday, asking his compatriots to put on their best face as the debt-choked country prepares to accept 17 million tourists – an all-time record.
Although mired in its worst economic crisis in modern times, Greece is braced for a surge in arrivals with visitors from Russia, Germany and Britain leading the revival of an industry that only last year appeared on its knees.
"We will have at least 17 million tourists this year. This development is a vote of confidence in our country. It [means] liquidity, money for the market and new, healthy places of work," said Samaras, who has headed a conservative-dominated, three-party coalition since June.
"I appeal to every citizen for the good of the country to help so as to put on our best face to foreigners," he said exhorting Greeks to pay attention to the quality of services, products and prices that they offered.
Industry figures, based on hotel bookings and airline capacity, project more than 1 million additional tourists this summer. Arrivals from Russia, alone, are expected to increase by a third to over 1.2 million. Airlines have lined up more than a million extra seats and scores of new routes to the country.
With tourism accounting for almost 20% of GDP and jobs, the rise has been met by jubilation in a country whose image has been blighted by street riots, prolonged strikes, social upheaval and political unrest since the outbreak of the crisis in late 2009. Hit by a sixth straight year of recession, a record 27% of Greeks – more than anywhere else in the EU – are out of work.
"I think the increase is indicative of the leading role tourism will have in the recovery of our economy," said John Retsos, president of the Hellenic hotel federation, which represents 7,000 hoteliers in Greece.
The rebound has been attributed to an array of factors, ranging from political stability to turmoil in the Middle East.
"The climate, this year, is much better," added Retsos. "Greece's efforts [at fiscal consolidation] have been acknowledged by our EU partners and without compromising quality hoteliers have lowered prices significantly and that means great value for money."
Ironically, the German chancellor Angela Merkel, a hate figure for many Greeks because of her insistence on Athens adopting punitive austerity measures, has provided a helping hand by publicly calling on her countrymen to visit Greece. Summer bookings from Germany have shot up by 15%.
Increasing revenues to pre-crisis levels will remain key to recovery, say experts. "Our target is to reach €11bn (£9.3bn) in direct revenues," said Andreas Andreadis, who heads SETE, the country's main tourism body.
"An average €650 per arrival is spent in Greece," he said. "It is crucial, now, that revenues are increased."
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Young and poor hit hardest as UK cuts widen inequality, says OECD
Senior analyst says coalition has chosen policies likely to 'fall on the back of the poor population groups'
The OECD has warned that Britain faces rising levels of inequality by pursuing austerity polices that are widening the gulf between rich and poor.
In a report examining the developed world's response to the global slowdown, the thinktank warns that the "financial crisis is squeezing income and putting pressure on inequality and poverty" across the board.
It says that income inequality in the UK "remained pretty steady" between 1995 and 2007 but jumped during the first three years of the recession.
A fresh analysis shows that in 2010, the disposable income of the top 10% of UK households was an average £53,600 a year – 10 times higher than the bottom 10th, which survived on just £5,300. Five years earlier the ratio was closer to 9:1. In Europe only Greece, Italy and Spain appeared more divided societies after the first three years of the crash than the UK.
"The concern is inequality will rise much more once the full impact of public spending cuts is felt," said Michael Förster, senior analyst at the OECD social policy division.
Förster said that in the UK the coalition had chosen policies that were likely to "fall on the back of the poor population groups". By attempting to prune back welfare directed at poorer people, such as housing allowances, he warned, inequality will rise in the short term.
Förster argued that proponents of austerity defended the strategy on the grounds that more people will get jobs eventually – and help reduce inequality in society. "The theory is that in the medium term more people will go into the labour market and this low-wage employment will help equalise household incomes," he said.
However this has only worked in one country in recent years – Germany – and that was unique, Förster said. "Germany had the benefit of a weak euro and high exports and also a model of social partnership where trade unions were always at the table, asking for very modest wage increases. But both these elements are not there in Britain."
He warned that austerity would "not be enough" to make Britain more equal, pointing out that among 18 to 25-year-olds poverty rose by more than a percentage point annually during the first three years of the recession. Only young people in Estonia, Spain and Turkey fared worse. The report says the old have been protected while the young fall back: "On average, elderly poverty fell by almost 20% across OECD countries. In fact, children and youth now face larger levels of poverty than the elderly, on average."
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