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How the world sees Greece
Wednesday, May 29, 2013
News Summary: Greece gets gloomy economic forecast
NO RELIEF: Greece's central bank warned Wednesday that unemployment and the recession are likely to be worse than expected this year. Greece has been in recession since late 2008. FORECAST: The Bank of ...
Greek Islands for Sale
Greek Islands for Sale Businessweek The residents of the Greek island of Lefkada are feeling a sense of deja vu these days. A short distance across the Ionian Sea, a billionaire and his family have been relaxing on the tiny island of Skorpios. This week it was Russian tycoon Dmitry ... |
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FYROM Balkan summit not to be
FYROM has called off a summit of Balkan presidents, blaming enduring prejudices in the region, after nearly half the invitees declined to attend.
The 10-nation forum on cooperation in fighting natural disasters and climate change had been scheduled for this weekend at the resort of Ohrid.
But the presidents of Greece, Bulgaria and Croatia said they would not come. They did not say why.
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U.S. Drops Corruption Charges Against Papanicolaou
Peter Papanicolaou, President of the Cyprus Federation of America, presiding. NEW YORK - The federal government dropped corruption complaints against Greek Cypriot-American developer and businessman Peter Papanicolaou, President of the Cyprus Federation of America, who was accused of paying for a trip to Cyprus for U.S. Rep. Michael Grimm, a Staten Island Republican. Papanicolaou was notified by ...
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Sheikh Khalid Al Qassimi ready for tough Greece rally
Sheikh Khalid Al Qassimi and co-driver Scott Martin gathered their first World Rally Championship points in their Abu Dhabi-sponsored Citroen DS3 at ...
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Great Leaders Know Respect Is The Keystone Of A Successful Business
?No one can make you feel inferior without your consent.? ?Eleanor RooseveltRespect is the keystone (Ancient arch in Olimpia, Greece) In my last column I shared the seven simple principles that have transformed me, my company, and a growing number of people throughout the world: The 7
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Soccer-Greek championship champions league play-off results and standings
May 29 (Infostrada Sports) - Results and standings from the Greek championship play-offs matches on Wednesday Wednesday, May 29Asteras Tripolis 2 PAS Giannena 1 PAOK Salonika 1 Atromitos Athinon 2 Standings P W D L F A Pts 1 Atromitos Athinon 5 3 1 1 8 5 10 -------------------------2 PAOK Salonika 5 2 0 3 5 6 10 3 Asteras Tripolis 5 2 0 3 6 7 8 4 PAS Giannena 5 2 1 2 5 6 7 1: Champions League ...
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Crete murder suspect tells court of ordeal
Luke Walker, 25, denies beating 20-year-old Chelsea Hyndman prior to her death days later from acute peritonitis
A man accused of murdering his girlfriend on Crete told a court that his "whole life fell apart" as she was rushed to hospital the day before she died.
Luke Walker is alleged by Greek prosecutors to have beaten 20-year-old Chelsea Hyndman in the days leading up to her death on 17 May 2010.
Taking the stand at his trial in Heraklion, Walker, who denies murder, said that when he realised Miss Hyndman was seriously ill, his life changed for ever.
"On the 16th [May] I take my girlfriend to the medical centre, I only had a phone card in my pocket because I thought we'd be back in an hour, and then we get rushed to the hospital and in that time my whole life fell apart," he told the court.
A few days before, in the early hours of 12 May, the couple had arrived back at the apartment they shared together and Miss Hyndman, who had been unwell, became irritated with Walker because he began cooking and she was feeling nauseous.
They had a "little bicker", Walker said, and she went out. He assumed she had gone to a friend's nearby apartment.
Asked by the trial judge if he had pushed her, if she had hit against any furniture, or if he had hurt her, he replied "no".
The court heard that in the lead-up to the death of Miss Hyndman, who was from Castleford in West Yorkshire, she had become increasingly ill.
Her stomach was bloated, her eyes a yellow colour, she was sick and constipated, and witnesses said she was weak. Asked what he thought was the reason for her death, Walker, 25, said: "All I know is that I stand here trying to tell you what I know. I know I'm innocent. I'm here to clear my name. I don't know how she died. I can't answer that question, but I know I'm innocent."
The court heard that Miss Hyndman died as a result of acute peritonitis.
Walker, who was accompanied in court by about 20 family and friends, said that he met Miss Hyndman in Malia in 2008 and they hit it off straight away.
Asked if he thought they had a future together, he said: "One hundred per cent, without a doubt. I would not have gone into a relationship with her if I did not think it had a future. That was the person I wanted to spend the rest of my life with."
They had "standard" arguments and disagreements, he said, but were both very happy together.
The hearing continues.
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Fire at Greek Orthodox church causes $1M in damages
Fire at Greek Orthodox church causes $1M in damages KVOA Tucson News Located on East Fort Lowell Road, the church is home to Tucson's annual Greek Festival. Fire crews responded around 12:15 a.m. There was heavy smoke but no visible flame. As a precaution, one firefighter was transported to the hospital for showing ... St. Demetrios Church fire blamed on candle |
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Greek Cultural Festival June 14-15 in East Moline
Quad-Cities Online | Greek Cultural Festival June 14-15 in East Moline Quad-Cities Online The 10th annual Greek Cultural Festival will be held June 14 and 15, on the Assumption Greek Orthodox Church grounds in East Moline. Events include will include the Hercules Hustle 5k held at 9 a.m. on Saturday and Sunset Forever after the race. |
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VIRGINIA THIS MORNING: Greek Festival
VIRGINIA THIS MORNING: Greek Festival wtvr.com RICHMOND, Va (WTVR) – It's time for the 38th Annual Greek Festival and you are invited. There will be plenty of cultural foods, entertainment, cathedral tours and a marketplace. Admission is free, but your attendance will benefit several local ... What's happening Elsewhere |
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Greece: Removing the middleman and other ways to combat the crisis
Greece: Removing the middleman and other ways to combat the crisis GlobalPost ATHENS, Greece — Like hundreds of thousands of other Greeks, Dimitris Nikolaidis lost his job after Greece first entered recession five years ago. The electrician used to work for Viomichaniki Metalleutiki, or VioMe, an affiliate of the country's ... |
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EU eases pace of austerity to help economy
The EU Commission, the 27-nation bloc's executive arm, said the countries must instead overhaul their labor markets and implement fundamental reforms to make their economies more competitive.
After Europe's crisis over too much debt broke in late 2009, the region's governments slashed spending and raised taxes as a way of controlling their deficits — the level of government debt as a proportion of the country's economic output.
Besides France and Spain, the Commission is also granting the Netherlands, Poland, Portugal and Slovenia more time to bring their deficits below the EU ceiling of 3 percent of annual economic output.
The new measures, however, do not mean that Europe has abandoned its message of austerity and strict budgetary discipline altogether.
[...] bailed-out Greece, Ireland, Portugal and Cyprus still have harsh deficit targets they have to meet to continue getting bailout loans.
In its recommendations, the Commission urged France to cut red tape, implement pension and labor market reforms, and strengthen competition in the services and energy sectors.
To achieve this, the Commission says Madrid must scrutinize spending programs, push ahead with labor market reform, revise the tax system, reduce costs in the health sector and complete pending bank recapitalizations.
Since the debt crisis erupted, EU nations have agreed to give the bloc's executive arm more powers in scrutinizing national budgets, complete with the ability to punish or issue binding policy recommendations for countries running excessive deficits.
After Europe's crisis over too much debt broke in late 2009, the region's governments slashed spending and raised taxes as a way of controlling their deficits — the level of government debt as a proportion of the country's economic output.
Besides France and Spain, the Commission is also granting the Netherlands, Poland, Portugal and Slovenia more time to bring their deficits below the EU ceiling of 3 percent of annual economic output.
The new measures, however, do not mean that Europe has abandoned its message of austerity and strict budgetary discipline altogether.
[...] bailed-out Greece, Ireland, Portugal and Cyprus still have harsh deficit targets they have to meet to continue getting bailout loans.
In its recommendations, the Commission urged France to cut red tape, implement pension and labor market reforms, and strengthen competition in the services and energy sectors.
To achieve this, the Commission says Madrid must scrutinize spending programs, push ahead with labor market reform, revise the tax system, reduce costs in the health sector and complete pending bank recapitalizations.
Since the debt crisis erupted, EU nations have agreed to give the bloc's executive arm more powers in scrutinizing national budgets, complete with the ability to punish or issue binding policy recommendations for countries running excessive deficits.
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Greek private sector credit shrinks 3.4 pct in April decline slows
ATHENS | Wed May 29, 2013 9:56am EDT
ATHENS May 29 (Reuters) - Bank lending to Greece's private sector contracted in April but at a slightly slower pace than a month earlier, central bank data showed on Wednesday, as tight credit conditions and a protracted economic slump sap demand for loans.
Credit shrank 3.4 percent year-on-year, the Bank of Greece said, compared to 3.5 percent ...
ATHENS May 29 (Reuters) - Bank lending to Greece's private sector contracted in April but at a slightly slower pace than a month earlier, central bank data showed on Wednesday, as tight credit conditions and a protracted economic slump sap demand for loans.
Credit shrank 3.4 percent year-on-year, the Bank of Greece said, compared to 3.5 percent ...
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Greeces Land Registry Archives of Shame
There's a lot of beautiful land in Greece, much of its ownership disputed between people and with handwritten, vague statements of ownership that cloud titles. And some is just stolen from Greeks of the Diaspora, sometimes by their own relatives. The incredible disorganized labyrinth that is the Greek National Land Registry was the subject of a report in The New York Times this week. It ...
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Greeces Piraeus Bank to sell new shares at 1.70 euros apiece
ATHENS | Wed May 29, 2013 10:35am EDT
ATHENS May 29 (Reuters) - Greece's second-biggest lender Piraeus Bank said on Wednesday it would sell 4.96 billion new shares at a price of 1.70 euros ($2.19) apiece, as part of its recapitalisation plan.
The price is calculated after a 1-for-10 reverse stock split. Piraeus shares closed at 0.25 euros in Athens trading. ($1 = 0.7779 euros) ...
ATHENS May 29 (Reuters) - Greece's second-biggest lender Piraeus Bank said on Wednesday it would sell 4.96 billion new shares at a price of 1.70 euros ($2.19) apiece, as part of its recapitalisation plan.
The price is calculated after a 1-for-10 reverse stock split. Piraeus shares closed at 0.25 euros in Athens trading. ($1 = 0.7779 euros) ...
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Six Billion Annual Loss From Illegal Betting
According to the data submitted to the Committee of Institutions and Transparency of the Greek parliament by the president of the Supervisory and Gaming Control Committee (E.E.E.P.) Evgenios Giannakopoulos, the amounts played in illegal betting in Greece are equal to one loan tranche of the memorandum. Giannakopoulos mentioned that the annual turnover in illegal betting amounts to 6 billion ...
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Germans Return Stolen Antiquities to Greece
In the month of June, Greek stolen antiquities that are in Germany will be given back to Greece. About 8,000 pieces of vases dating to the Neolithic age were exported illegally to Germany by a group of foreign archaeologists under the guidance of Alfred Rosenberg, Hitler's chief ideologist, after an illegal excavation conducted in a region next to the Greek town of Velestino in 1941. These ...
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Toxic Chemicals in Yogurt?
Greek yogurt has become an increasingly popular low-calorie treat in the United States, as it is thicker and contains more protein than regular yogurt. In fact, the yogurt is in such high demand that total yogurt production has nearly tripled in New York state over the last five years.
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Greek Tax Revisions to Impact Shipping Industry
Changes recently approved by the Greek parliament regarding the country’s tax laws will impact companies in the shipping industry, according to Moore Stephens, an international accountant and shipping adviser.
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Greece's 2014 bond issue will be small, says Stournaras
Kathimerini | Greece's 2014 bond issue will be small, says Stournaras Kathimerini Greece plans to end its four-year exclusion from debt markets with a small bond issue next year, the country's finance minister Yannis Stournaras told Reuters on Wednesday. Encouraged by falling bond yields amid growing market sentiment that his ... |
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Greece Credit-Default Swaps Prices Offered by Dealers, CMA Says
Greece Credit-Default Swaps Prices Offered by Dealers, CMA Says Bloomberg Greece is not among the top 1,000 entities captured by the Depository Trust & Clearing Corp.'s central registry for the default swaps market. Previous contracts were settled when Greece forced investors to exchange their bonds at a loss in the biggest ... |
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Bank of Greece Hopes for Growth Next Year
Economic Times | Bank of Greece Hopes for Growth Next Year Wall Street Journal The Bank of Greece forecast around an economic contraction of 4.6% this year, after gross domestic product fell 6.4% last year. This year would be the sixth year of recession. The report made no numeric forecast for economic performance next year. Greece receives gloomy forecasts Bank of Greece issues gloomier outlook Provopoulos Says Confidence In Greece Back |
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Greece's 2014 bond issue will be small, finance minister says
PARIS (Reuters) - Greece plans to end its four-year exclusion from debt markets with a small bond issue next year, the country's finance minister Yannis Stournaras told Reuters on Wednesday. Encouraged by falling bond yields amid growing market sentiment that his country will remain in the euro zone, Prime Minister Antonis Samaras said earlier this month he was planning a bond sale in the first ...
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Crete murder trial: Family of accused Luke Walker question evidence
There were dramatic scenes today as lawyers and family members questioned evidence offered to a Greek court in the trial of a man accused of murdering his girlfriend.
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Vivian Norris: The Answer to Unemployment Is More Europe Not Less
Beyond more focused EU spending is also the responsibility of business to help bring down youth unemployment by showing what they have to offer Europe in order to make the transition from school to work flow more smoothly.
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Greek-Turkish Relationships and Tourism
During an event held in Thessaloniki, the Minister Counselor for Economic and Commercial Affairs at the Greek Embassy in Ankara, Charalambos Kounalakis, argued that Greek investments in Turkey promote visitors to Greece, based on evidence. Tourism is only a parameter of the bilateral cooperation, which is reflected as well in the activation of Greek companies of interest (approximately 500) in ...
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