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How the world sees Greece
Monday, June 10, 2013
Greek gas company sale stalled, EU-IMF rescue lenders renew inspection
ATHENS, Greece - Greece's troubled privatization program suffered a blow Monday after the Russian energy giant Gazprom withdrew its interest in buying the natural gas firm DEPA, citing fears over the Greek ...
Greek privatisation of gas firm DEPA fails- sources
Greek privatisation of gas firm DEPA fails- sources Reuters ATHENS, June 10 (Reuters) - Greece failed to attract any binding bids for natural gas firm DEPA, two Greek officials close to the sale said on Monday, meaning a key sale to meet the country's privatisation targets under its international bailout had ... |
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Greece police investigate bank robbery
A Key Bank branch at 3177 Latta Road in Greece was robbed about 12:15 p.m. Monday, and police are looking for help finding the culprit.
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Mission Drift ? review
National, London
A fine reason to make theatre is to probe who we are, and what our place is in the world. Since 2004, New York company the Team have been doing just that, with theatrically dexterous, multilayered, sometimes frustratingly rambling shows, which constantly question what it means to be American in a swiftly changing 21st-century political and economic landscape.
First seen on the Edinburgh fringe in 2011, this skittering musical satire examines the mirage of the American dream and wonders how the energetic spirit of 17th-century pioneers could end up bankrupt in Las Vegas's infamous neon boneyard. The ever-expanding "shining city" of atomic testing, casinos and slot machines, Elvis and insatiable consumer consumption, was hard hit by the 2008 financial crash, and boom quickly turned to bust.
Hot, metallic anger bubbles beneath the bright, pop-culture facade of this show, which matches the fakery of a city selling impossible dreams with its own blatant tricks and fictions. It entwines the stories of Joan, a third-generation casino worker who has been laid off because of the slump, the homeless Chris, and two Dutch immigrants, Joris and Catalina. Like vampires, the last pair remain eternally young while rampaging across centuries and the continent in endless pursuit of bigger and bigger bucks and growth. Over it all, like a Greek chorus that knows it will all end badly, presides the seductive figure of Miss Atomic (the brilliant Heather Christian), a husky-voiced chanteuse.
The show doesn't quite sustain the energy into the second half, but its mix of the epic and everyday, myth and madness, music and storytelling, create a glorious patchwork in which pitch and tone – sometimes cartoonishly garish, other times suffused with aching loss – are as crucial as intellectual argument. A theatrical tornado, and a sideways glimpse into America's tarnished, weary soul.
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Russians Flood Western Greece
Western Greece is dynamically entering the tourist season with a growing number of Russian visitors who fly to Araxos Airport or travel by cruise. But except for holidays, Russians are visiting Western Greece in order to invest mainly in buying land. The large majority of Russian tourists arrive in Western Greece through the Araxos civilian airport. There are three airline companies which offer ...
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Xenios Zeus Fills Detention Centers
A year after beginning the ironically-named Xenios Zeus (Hospitality) program to round up illegal immigrants and then deport them, Greece’s detention centers are full of them and there’s no room for more, police and immigration officials said. Police are now just taking the immigrants from the center and transferring them to Anavyssos, a town in East Attica, and releasing them to ...
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Distomo Remembers 1944 Nazi Massacre
June 10 was a somber day in the Greek village of Distomo, the 69th anniversary of the massacre of most of its citizens by Nazis in a reprisal raid. On that day in 1944, an SS phalanx, along with other troops of German soldiers were attacked in Katavothra, a town in Thesprotia, Greece, by guerillas of the Greek People's Liberation Army (ELAS) and pulled back after heavy losses. To take ...
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Greece Asks Troika To Cut VAT
With envoys from international lenders in Athens to check the country’s books and the pace of reforms, the Greek government is going to ask again for permission to lower the 23 percent Value Added Tax (VAT) in restaurants. The Troika of the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) has rebuffed the idea before and insisted on more austerity reforms ...
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Greek Olive Production Takes Hit
The unfavorable weather conditions of the previous period had a tragic impact on the crops of olive producers this year, regardless of the olive variety (Kalamon Olive, Chondrolia of Chalkidiki etc). At first sight, losses reach a percentage of 80-90%. The warm days of the two previous weeks and the southerlies burnt the fruit at the stage of fruit setting. As a result, the damage to the fruit ...
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St. Nicholas Graduates Glow with Pride and Joy
(Photo/Kosta Bej) The graduates, and clergy with the staff of the William Spyropoulos Greek-American School of the Church of St. Nicholas in Flushing, N.Y. on one of the proudest days they will ever remember, the school that helped give them a future. FLUSHING, N.Y. - The pre-graduation ceremony of The William Spyropoulos Greek-American School of the Church of St. Nicholas on June 7 sent ...
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Mass Firings Seen Set at ERT
Under the pressure of the Troika for the shrinking of the public sector staff, Samaras’ government is planning radical changes in the Hellenic Broadcasting Corporation (ERT), the Greek state-owned public radio and television broadcasting corporation. The government is considering using a large part of the special tax paid by Greek citizens for ERT (that is included in electricity bills) in ...
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Greek Contractors Sell New Houses Cut Rate
Building contractors are offering their properties at reduced prices to find buyers for the approximately 200,000 apartments they have built over the last five years and remain empty during a crushing economic crisis. In their attempt to sell the houses that remain unsold, before the implementation of a single increased property tax at the beginning of 2014, contractors have become bankers and ...
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Greek Privatization Effort Takes Big Hit
Gazprom CEO Alexei Miller (L) with Greek Prime Minister Antonis Samaras (R) during an Athens visit last month to discuss his company's interest in the Greek natural gas business DEPA. There's no smiles now because Gazprom didn't bid. ATHENS - Just a month after getting a boost with the sale of a 33 percent stake in the gambling monopoly OPAP, Greece's lagging privatization ...
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Papaconstantinou?s Cousins Owe 10M Euros
Former FinMin George Papaconstantinou Three cousins of former Greek finance minister George Papaconstantinou – whose names were erased from a 2,062 Greeks with $1.95 billion in secret Swiss bank accounts reportedly evaded more than 5.3 million euros ($7 million) in taxes, according to a report from the financial crimes squad SDOE given to a parliamentary committee investigating his handling ...
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Pakistani treated for serious injuries after jumping from police window
A 39 year-old Pakistani man was being treated in a hospital in Trikala, central Greece, for serious injuries after reportedly jumping from the fifth-floor window of the ...
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Greek gas sale deflates amid new EU-IMF inspection
Greece's troubled privatization program suffered a blow Monday after the Russian energy giant Gazprom withdrew its interest in buying the natural gas firm DEPA, citing fears over the Greek company's future ...
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Greek gas firm privatisation fails in setback to bailout
By Harry Papachristou and Lefteris Papadimas ATHENS (Reuters) - Greece failed to attract any buyers for its natural gas company DEPA by Monday's deadline for binding bids, in a major setback to the country's ...
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Greece fails to privatize state gas company DEPA
The Greek government has admitted the planned privatization of the domestic gas supplier DEPA has had to be postponed. It said no serious bidders were left in the end, with Russia's Gazprom opting out too.
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Greek stocks hit by sale failure
Greek stocks have plunged almost 5% after the government said it had not received any bids for natural gas firm Depa, marking a setback to its privatisation programme.
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House price falls worsen in Greece and Spain
Telegraph.co.uk | House price falls worsen in Greece and Spain Telegraph.co.uk Prices in Greece, where the economy has been crippled by the weight of government debt and by austerity measures, fell by 11.8pc in the year to the end of March, according to estate agency Knight Frank. The rate of decline worsened from 9.8pc a year ... |
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Greece: privatizations in trouble
Greece's troubled privatization program suffered a new setback Monday as Russian energy giant Gazprom pulled out of bidding for the privatization of Greek natural gas firm DEPA, a government official said.
The news, announced as a delegation from Greece's international creditors returned to Athens for a new round of inspections, sent stocks on the Athens Stock Exchange tumbling by nearly 5 percent.
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A Wily Banker Reaches the Top in Greece
As financial oversight increases in Greece, Michael Sallas has thrived in a freewheeling business culture as head of Piraeus Bank.
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Five Overlooked Greek Islands To Visit
The perfect spot: a hideaway beach on the island of Patmos, declared by Forbes magazine the most idyllic place in Europe to live. Wouldn't you rather be there now? You'd be forgiven for thinking the Greek islands were invented for tourists. Though tranquil, idyllic and remarkably quaint, it was only relatively recently that places such as Mykonos, Santorini and Corfu became destinations ...
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World?s Biggest Plane Unveiled in Athens
Lufthansa has chosen the Athens International Airport Eleftherios Venizelos to present for the first time the world's largest aircraft, the B747-8, the Queen of the Skies, as the company considers Greece as a major European market, declaring its intention to further strengthen the Greek-German ties. According to capital.gr, the plane’s debut will be on June 18. It is the largest ...
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Firefighting union says Greece short of personnel and equipment to counter blazes
Greece is desperately short of firefighters and adequate equipment to battle blazes, the POEPYS union representing workers in the fire service said on Monday.With wildfires beginning to appear this summer, POEPYS expressed its concerns about the fire ...
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Greece says may reconsider timing of Hellenic Petroleum sale
ATHENS, June 10 | Mon Jun 10, 2013 10:15am EDT
ATHENS, June 10 (Reuters) - Greece may reconsider when it sells its biggest oil refiner Hellenic Petroleum, Deputy Energy Minister Asimakis Papageorgiou said on Monday after Athens failed to receive any binding bids for natural gas company DEPA.
Athens had planned to privatise Hellenic Petroleum in the last quarter of 2013 as part of an ...
ATHENS, June 10 (Reuters) - Greece may reconsider when it sells its biggest oil refiner Hellenic Petroleum, Deputy Energy Minister Asimakis Papageorgiou said on Monday after Athens failed to receive any binding bids for natural gas company DEPA.
Athens had planned to privatise Hellenic Petroleum in the last quarter of 2013 as part of an ...
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Greece Consumer Prices Continue To Fall
Consumer prices in Greece declined annually for the third consecutive month in May, data from the Hellenic Statistical Authority showed on Monday. The EU inflation measure known as the harmonized index of consumer prices (HICP) fell 0.3 percent year-on-year, after a 0.6 percent decline in April. Prices decreased 0.2 percent in March. On a monthly basis, the HICP was flat in May, after a 0.5 ...
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Texas Tax Seminar for Greeks in U.S.
HOUSTON - The organization of Greek scientists in Texas and the Consulate of Greece in Houston, in cooperation with tax consultant Konstantinos Nanopoulos, conducted a function about taxation affecting Greeks living abroad. The two-hour seminar in English involved issues of tax legislation and responsibilities that Greeks, who are permanent residents in the U.S. face as citizens of Greece and ...
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Gazprom Drops Greek Gas Monopoly Purchase Bid
MOSCOW, June 10 (RIA Novosti) – Russian energy giant Gazprom will not participate in the privatization of the Greek gas monopoly DEPA due to a lack of guarantees that the Greek firm’s financial standing will not decline, a Gazprom spokesman said Monday. "Gazprom has decided against filing a bid to participate in the DEPA privatization. We have not received sufficient guarantees ...
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Greek gas supplier selloff fails to draw Gazprom bid
Greece 's problem-plagued privatisation programme, which is key to the country's economic recovery and meeting its bailout targets, has received yet another blow with the failure of the planned sale of a state-owned natural gas supplier.Officials were stunned when the Russian energy giant Gazprom failed to bid for Depa, described as one of the jewels in the crown of a privatisation ...
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Papaconstantinous Cousins Hid $7M In Income
(Photo/Icon/Reuters) Greece's former finance minister George Papaconstantinou, accused of removing relatives' names from a list of offshore accounts is being grilled by Parliament. ATHENS - As a Greek parliamentary committee is investigating former finance minister George Papaconstantinou's handling of a list of 2,062 Greeks with $1.95 billion in secret Swiss bank accounts, the ...
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No Bids For DEPA One For DESFA
Greece’s hopes for spurring a long-delayed privatization program – under pressure from international lenders – hit a bump on June 10 when the government received no bids for the sale of natural gas company DEPA and only one for the gas grid operator, DESFA. An official familiar with the process said that the Hellenic Republic Asset Development Fund, (TAIPED) said the ...
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Greek Market Ends Down
Athens Stock Exchange ends 4.7% lower on Monday, weighed down by the news the Greek government has failed to get any bids for the sale of gas company Depa and only a single bid for Desfa. These two companies were seen as key to Greece?s ambitious, but long-delayed privatisation program. This offset news Greece?s state budget deficit shrank in the first five months of the year, dropping to ...
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Gazprom snubs Greek gas supplier
The Russian pullout came after the EU last week reiterated that it would block a sale to Gazprom on grounds of conflict of interest
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Hail the outbreak of honesty about Greece's bailout
Hail the outbreak of honesty about Greece's bailout Financial Times It was the most honest and clear-headed analysis by an official body on the eurozone crisis yet. In just 50 pages, the International Monetary Fund produced a concise and sober analysis of what went wrong in the Greek rescue programme. This month's ... |
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What Greece can learn from Olympics
Lessons from Olympics could help Greece out of financial crisis, says ambassador.
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