On Iran, Greece, Germany, majoritarianism The Economist SIR – We noted the letter (June 29th) from Sir Richard Dalton in response to your leader on Iran. We were concerned by this passage: “You did not mention that Iran has a policy of converting its 20% enriched uranium into oxide, ready for research ... |
Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros
Thursday, July 4, 2013
On Iran, Greece, Germany, majoritarianism
Greece Says Troika Deal In Sight
Panels Asks Charges For Papaconstantinou
Greeks Pioneer Nanotechnology Advances
Remember When Greece Won UEFA
Greece near deal for EU-IMF payment
Greece Eyes Next Bailout Aid
Greek federation condemns slur of NBA draft pick
The Greek revolution
The Greek revolution The Economist THE Greek uprising against the Ottoman empire, which broke out in 1821, brought together one of the oddest coalitions in history: from the sophisticates of the Hellenic diaspora to warlords from the wild Peloponnesian mountains and an array of well ... |
Greek federation: Remarks 'racist'
Artesia Daily Press | Greek federation: Remarks 'racist' ESPN Antetokounmpo, an 18-year-old Greek shooting guard, the son of Nigerian immigrants, was selected by the Milwaukee Bucks and received this week in Athens by conservative Prime Minister Antonis Samaras. Leader of the far-right Golden Dawn party, ... Greek federation condemns slur of NBA draft pick |
Greece Races to Wrap Up Aid Talks
Kathimerini | Greece Races to Wrap Up Aid Talks Wall Street Journal- India ATHENS—Greece's finance minister expressed optimism Thursday that talks with a troika of international auditors will be wrapped up in time for next week's meeting of euro-zone finance ministers that will decide whether to unlock further aid to the ... Greece says on track to strike aid payout deal with lenders Greece seeing 'silver lining' in debt turmoil, says German Foreign Minister Greece official optimistic on future loan payouts |
Greece near deal for EU-IMF bailout payment: minister
Channel News Asia | Greece near deal for EU-IMF bailout payment: minister Channel News Asia ATHENS: Greece's reform minister said on Thursday that the indebted country was close to a deal with its EU-IMF creditors on cutting state jobs which would clear the way for the next bailout instalment. "We will definitely be ready on Monday," Kyriakos ... |
PM Samaras meeting with troika officials in Athens
Greece says makes progress in talks with EUIMF lenders
Oil and Gas Reserves in Greek Seas
Greek officials hail progress in troika talks eye deal by Monday
Greece says on track to strike aid payout deal with lenders
Greece Finance Minister Shares Deadline Failure with Troika
Greece Finance Minister Shares Deadline Failure with Troika OANDA Forex (blog) As Greece looks set to miss a key reform deadline set by international lenders, which could jeopardize further financial aid, a Greek government minister said it wasn't Greece's fault that it couldn't live up to the demands of a flawed bailout program ... |
Greek deputies call for ex-minister's prosecution
German Foreign Minister Rules Out New Greek Debt Relief
German Foreign Minister Rules Out New Greek Debt Relief Wall Street Journal Mr. Westerwelle's Greek counterpart, Foreign Minister and Deputy Prime Minister Evangelos Venizelos, assured his country's commitment to reform, but also said the recession-hit country can't take any more austerity measures. "We need investment," Mr. |
ECB keep key rates down, hints at new direction
by
The European Central Bank (ECB) has frozen its key rates, as president Mario Draghi says that the bank will continue to do everything to stimulate the Eurozone economy.
As expected, the ECB has resisted raising its interest rates once again, keeping headline borrowing costs down to a record low of 0.5%. The bank has also kept the deposit rate at 0%, while the interest rate at which banks borrow from the ECB stays at 1%.
More crucially, the ECB indicated a new policy direction in forwards guidance – the prediction of interest rates – and said that the current regime of low interest rates is not over yet, although he refused to be drawn on his definition of “extended period of time,” despite several questions form journalists.
“Based on our regular economic and monetary analyses, we decided to keep the key ECB interest rates unchanged,” he said, adding that “our monetary policy stance will remain accommodative for as long as necessary. The governing council expects the key ECB interest rates to remain at present or lower levels for an extended period of time.”
“This expectation is based on the overall subdued outlook for inflation extending into the medium term, given the broad-based weakness in the real economy and subdued monetary dynamics.”
Draghi refused, however, to be drawn into too much speculation about the future of Portugal – currently undergoing a political crisis – and Greece, except in broad terms. The ECB president refused flatly to answer a journalist question about Portugal.
He said that Portugal, the recipient of a €78 billion bail-out, had so far shown “remarkable results” in its attempted turnaround. He welcomed the appointment of Maria Luis de Albuquerque, who replaced outgoing finance minister Vitor Gaspar. He said that Greece had also shown “significant progress.
For the moment, he said, the ECB will show a “downward bias in interest rates.”
He said that there was amercement that low interest rates potential pose a threat to financial stability. However, he said that the ECB not foresee such risks in the near future.
Greek credit shrinks 5.4 pct yy in April
Credit extended to the government fell 16.4 percent in
April after a 17 percent drop in the previous month.
Lending to businesses and households shrank 3.4
percent compared to a 3.5 percent contraction in ...
Westerwelle sends message of German respect solidarity
In Greece, things move fast ? except justice for Kostas Sakkas
In Greece, things move fast – except justice for Kostas Sakkas The Guardian Sakkas has been held in custody for what is a national record after a series of convictions of Greece by the European court of human rights in 1996 precisely for this type of violation; Epaminondas Korkoneas, the special guard who was eventually ... |
Minister on Greece's Imperfect Bailout Terms
Greece's Mavrias headed for Sunderland
SuperSport | Greece's Mavrias headed for Sunderland SuperSport Greece international midfielder Charis Mavrias is set to join English Premier League side Sunderland from Panathinaikos, the Athens News Agency reported on Wednesday. The Greek Super League club said a verbal agreement has been reached over the ... Sunderland Close On Deal for Panthinaikos Prospect Charis Mavrias |
Bad bonds: Is Portugal the next Greece?
RT (blog) | Bad bonds: Is Portugal the next Greece? RT (blog) Coalition leaders will reconvene in Portugal in an emergency meeting to address Lisbon's plan to complete its $102 billion (78 billion euro) bailout by next year, protect the euro, and restore bond yields. Shockwaves raced through European markets ... Bank of England and ECB meet as Portuguese panic eases - eurozone crisis live RUTH SUNDERLAND: Portuguese turmoil stirs eurozone fears |
Bill Paying Lags Greek Deficit Grows
Cyprus Awaits Foreign Minister Venizelos
Tourist Arrivals in Greece Posted Impressive Increase
Regional offices attacked in Kavala
Westerwelle supports the Greek government
No final agreement in Mitsotakis meeting with troika officials
Got $32m? Jackie O's 'Love Boat' for sale
Greece: More time needed to restructure staff
Charlotte Observer | Greece: More time needed to restructure staff Charlotte Observer International Monetary Fund (IMF) mission chief Poul Thomsen, arrives at the ministry for a meeting between Greek Finance Minister Yannis Stournaras and the debt inspectors from the European Central Bank, European Commission and International ... |