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How the world sees Greece
Monday, December 16, 2013
Greek Festival coming last weekend in January
Greek Festival coming last weekend in JanuaryTCPalmHOBE SOUND — The annual “Greekfest” Greek Festival at St. John Chrysostom Greek Orthodox Church will take place Thursday, Jan. 30 through Sunday, Feb. 2 at 10605 SE US 1 in Hobe Sound, located one mile north of Bridge Rd., on the highway's east ...
Greek PM's Visit to Azerbaijan Is Canceled
Greek ReporterGreek PM's Visit to Azerbaijan Is CanceledABC NewsGreek Prime Minister Antonis Samaras has canceled a trip to Azerbaijan to attend the signing of two energy deals after his government plane malfunctioned soon after takeoff. The air force said a problem with the Embraer jet's flaps caused it to return ...Greek prime minister's jet forced to landMiamiHerald.comGreek PM's Plane Forced to LandGreek Reporterall 48 news articles »
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Report questions transparency of troika's use of financial consultants
An article by the Brussels-based EU Observer has raised questions about the way that the troika awards contracts to consultants.
According to the publication, taxpayers in Greece, Ireland, Portugal, Cyprus, and Spain have already paid over 80 million euro... ...
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Major highway projects get green light from EC
European Commissioner for Regional Policy Johannes Hahn has given the green light for the release of 2.97 billion euros' worth of European Union funding for the construction of four major highway projects in Greece, the Commission reported on Monday.
Hail... ...
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Leftist MP declares 1 million euros in retirement lump-sum
Dimitris Tsoukalas, a leftist SYRIZA MP and former president of the federation of bank employee unions (OTOE), has declared 1 million euros in retirement lump-sum (efapax).
The so-called declarations of assets – better known as “pothen esches” in Greek – ... ...
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Airplane carrying Samaras to Baku forced to return to Athens
An airplane carrying Greek Prime Minister Antonis Samaras to Azerbaijan was forced to return to Athens 15 minutes after takeoff on Monday due to a technical problem.
Samaras was expected in the Azeri capital Baku for the signing of the Trans Adriatic Pipe... ...
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Casinos owe up to 30 mln euros to state
Greece’s casinos owe the government between 100,000 euros and 30 million euros each, according to data collected by Supreme Court deputy prosecutor Nikos Pantelis.
The judicial official has passed the information on to financial prosecutors Panayiotis Ath... ...
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Clerics react to allegations by Golden Dawn chief
Three days after video footage emerged of Golden Dawn leader Nikos Michaloliakos passing judgment on several Greek Orthodox bishops during a meeting with party friends, some of the clerics quoted in the video hit back with remarks against the neo-Nazi par... ...
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EU Aid To Restart Four Stalled Greek Highways
AMSTERDAM – Greece’s beleaguered economy will get a big kick start with a three billion euro ($4.1 billion) infusion from the European Commission to help build four major highways that have been on the blocks for years, the construction delayed by the country’s economic crisis. Johannes Hahn, the Commissioner for Regional Policy, said the investment […]
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Poulakakos Empire Reaches NY Shoreline
NEW YORK – New York City has lagged behind places like Boston and San Francisco in developing its shoreline, but it is gradually catching up, with Greek-Americans like Peter Poulakakos taking the lead. Poulakakos has joined with the Dermot Company to turn Pier A on New York Harbor, a picturesque docktop structure topped by a […]
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Malfunction Forces Greek PM Plane to Land For Check Before Resuming
ATHENS – A government jet carrying Greek Prime Minister Antonis Samaras on a visit to Azerbaijan was been forced to return to a military airport near Athens shortly after take-off following a suspected malfunction on Dec. 16. Samaras’ office says the Air Force Embraer jet landed safely at Elefsina Airport late in the day and […]
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Carnival of Love Christmas Party in LIC
NEW YORK – Because its founders and officers know that gestures of thanks yield future philanthropic harvests, the Carnival of Love Foundation presented its 2nd Annual Holiday Appreciation Party for sponsors, donors and supporters at the SHI lounge on the Long Island City waterfront. According to its website, carniovaloflove.org, “The Carnival of Love Foundation, Inc. is a […]
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Hellenic Armed Forces: An Important Ally
WASHINGTON, DC – The American Hellenic Institute (AHI) has released nine essays authored by participants of the Fifth Annual American Hellenic Institute Foundation College Student Foreign Policy Trip to Greece and Cyprus. The students’ insightful essays describe their personal experiences from the trip to Greece and Cyprus held June 19 to July 6. During the […]
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Ex-Defense Chief Papantoniou Charged
ATHENS – Another former Greek defense minister and PASOK Socialist stalwart, Yiannis Papantoniou, has been charged with failing to declare his income and faces a criminal trial. Papantoniou served from 2001-04, succeeding Akis Tsochatzopoulos – who was ousted from PASOK and who was convicted this year of the same charges and sentenced to eight years […]
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Left-wing opposition takes lead in poll as 94 percent of Greeks feel pessimistic
A political party that opposes the harsh austerity measures imposed during Greece's financial crisis has taken a narrow lead in a closely monitored opinion poll.
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Greek Expat’s 150,000 Euros Wire Transfer Blocked
Greek bureaucracy has once again left people speechless with its love of the rule-book. The Greek Croesus Artistotelis Mistakidis appears to be its newest victim. Greek authorities are just now slowly recovering from the Lagarde list scandal.
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Negotiations for the Release of Greek Orthodox Nuns in Syria
Negotiations for the Release of Greek Orthodox Nuns in SyriaGreek ReporterAccording to some sources, the Syrian Government is trying to negotiate the release of the twelve Greek Orthodox nuns who were captured earlier this month from an Orthodox convent north of Damascus, by Syrian rebels. In exchange for their freedom, the ...
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| READ THE ORIGINAL POST AT world.greekreporter.com |
Greek Cyprus: No start to negotiations without preconditions
Greek Cypriot leader Nicos Anastasiades has stated that if Greek Cyprus' preconditions are not met, starting negotiations with the Turkish Cypriots to solve the dispute on the east Mediterranean island of Cyprus will be out of the question. “If the basic ...
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Greek prime minister's jet forced to land shortly after take-off due to suspected malfunction
A government jet carrying Greek Prime Minister Antonis Samaras on a visit to Azerbaijan has been forced to return to a military airport near Athens shortly after take-off following a suspected malfunction.
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Liverpool transfer news: Reds battle Arsenal for prolific Greek striker
Liverpool EchoLiverpool transfer news: Reds battle Arsenal for prolific Greek strikerfanatixLiverpool have been linked with a January move for Greek international striker Konstantinos Mitroglou, who currently plies his trade with Olympiakos, according to The Daily Star. The Reds will have to fight off competition from Premier League rivals ...Liverpool transfer rumour mill: Draxler chase, Greek link, winger wanted, TelloLiverpool EchoArsenal and Liverpool to battle for goal-scoring sensation Konstantinos MitroglouDaily Starall 5 news articles »
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85% of Greek Businesses are “Unethical”
Greek Reporter85% of Greek Businesses are “Unethical”Greek ReporterResearch conducted by the non-profit organization Future Leaders, shows that young people in Greece, aged 18 to 27 years old, believe that more than 8 out of 10 Greek companies do not apply rules of business ethics, with the biggest problem being more ...
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Greece: Left-wing opposition takes lead in poll
The left-wing main opposition party in Greece has taken a lead in a closely monitored opinion poll, as more than nine out of 10 people feel pessimistic about the state of the recession-hit country. The ...
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Greece to meet 2013 asset sales target, upbeat on 2014 plan: privatization chief
Greece to meet 2013 asset sales target, upbeat on 2014 plan: privatization chiefReutersATHENS (Reuters) - Greece is set to meet its 2013 revenue target from asset sales, after lowering it twice, but could struggle to relaunch a bid to sell natural gas firm DEPA, the country's privatization agency chief said on Monday. Athens launched a ...
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Soccer-Greek championship fixtures
Dec 16 (Infostrada Sports) - Fixtures from the Greek championship matches on Monday Wednesday, December 18 (GMT)Ergotelis v Apollon Smyrni (1300) Atromitos Athinon v PAOK Salonika (1515) Panaitolikos Agrinion v Platanias (1515) Panthrakikos v Kalloni (1515) Xanthi v OFI Crete (1515) Levadiakos v Panathinaikos (1730) Olympiakos Piraeus v PAS Giannena (1730) Thursday, December 19 (GMT)Panionios v ...
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Greek Scientist Discovers Hidden DNA Code
Greek ReporterGreek Scientist Discovers Hidden DNA CodeGreek ReporterA group of scientists in the U.S, headed by the Greek John Stamatoyannopoulos, professor of genetics at the Medical School of Washington University in Seattle, found a second genetic code hiding within DNA. This code contains additional information ...and more »
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Greek property agents warn new tax will hit prices
KathimeriniGreek property agents warn new tax will hit pricesKathimeriniGreece's real estate agent association Omase warned against a possible collapse of the sector in big cities because of new property taxes in a controversial law submitted to parliament. "In view of recession and taxes, this law leads to the collapse of ...
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Greek Day at the New York Stock Exchange
Greek ReporterGreek Day at the New York Stock ExchangeGreek ReporterOn Monday, December 16, representatives from the Greek Delegation and executive managers from Greek NYSE listed companies, will meet at the New York Stock Exchange (NYSE) to celebrate the 9th annual Greek Day. Greek Day will be a part of the 15th ...Reminder: Capital Link to Host Its 15th Annual Greek Investor Forum in New ...Marketwired (press release)all 2 news articles »
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In pictures: Fish farms to pull Greece out of its economic downfall
Six years of deep recession have shrunk Greek economy by a quarter and shut thousands of businesses. Fish farming is seen as one of the few sectors that could help pull Greece out of its economic quagmire, if it sorts itself out first.
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Radu Beligan, 95, Declared Oldest Active Actor
BUCHAREST, Romania (AP) — Romanian actor Radu Beligan has been declared the world's oldest active actor at age 95.
After being presented with a certificate on Sunday confirming his entry in Guinness World Records, he called on theatergoers to stop applauding. "I have no merits at all. I am the result of the love you've shown me for so many, many years," he said.
Actor Ion Caramitru, director of the National Theater, called him "the greatest actor Romanian theater school has given us."
Sunday was another day at work with Beligan making his 330th appearance as the lead in "Number One" by French playwright Jean Anouilh, playing aging playwright Leon Saint-Pe.
Beligan, whose career has spanned 76 years, debuted in a stage version of "Crime and Punishment" in 1937.
Beloved by Romanians for his melodious voice, aquiline features and stern gaze, he has starred in 80 plays, acted in 30 films and made numerous television and radio performances.
He was born in 1918 in a village in eastern Romania to an actor father and a Greek mother who taught him French and encouraged him to read.
To celebrate his 95th birthday on Saturday, he played in "The Cello Lesson," a Romanian play which premiered at the Metropolis Theater.
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Media: Play Fair With Economic Reporting on Greece
The Greek government is forecasting 0.6% economic growth in 2014, after six straight years of economic contraction.
Ordinarily, 0.6% economic growth would not be great news. But the return of the Greek economy to growth is modestly good news after a torrent of terrible news. Under the European austerity plan imposed on Greece as a condition of remaining in the Euro, the Greek economy has shrunk by a third since 2007, which is similar to the Great Depression contraction of the U.S. economy between the stock market crash of 1929 and the election of FDR.
But the OECD doesn't agree with the Greek government's forecast of modest good news. The OECD says the Greek economy will continue to contract next year, shrinking by 0.4%.
The discrepancy between the Greek government forecast and the OECD forecast could have a big impact if businesses believed the OECD forecast rather than the government forecast.
Suppose you're a business that's thinking of investing in Greece. If you believe the Greek government forecast, maybe you'll be encouraged to go ahead and make your investment, thinking that business is picking up, and your investment is likely to pay off. If you believe the OECD forecast, maybe you'll hold off making your investment, thinking that demand will still be depressed next year, and your investment might fail.
Thus, if businesses believed the more pessimistic OECD forecast, it could become a self-fulfilling prophecy, discouraging businesses from investing in Greece, and slowing economic growth.
Here's how the BBC is reporting the news that the Greek government is forecasting growth for 2014:Greek lawmakers have passed the 2014 budget, which predicts a return to growth after six straight years of painful recession.
"This is the first decisive step in exiting the bailout," Prime Minister Antonis Samaras said.
[...]
But the OECD says the Greek economy will shrink for another year in 2014.
Here's how AP is reporting the news: A leading international economic body predicted in a report Wednesday that Greece's economy will shrink further next year and that the government might need more financial help.
The Organization for Economic Cooperation and Development said the Greek economy would contract 0.4 percent in 2014, in contrast to the Greek government's forecast for 0.6 percent growth.
Here's how AFP is reporting it:Greece will remain mired in recession in 2014 for a seventh straight year, and is likely to need more financial assistance, the OECD said on Wednesday, in contrast to forecasts by Athens.
If you were someone thinking of investing in Greece and you read these articles, what would you think? Maybe you'd think: "Opinion is divided. Who knows what the truth is?" Or maybe you'd think: "The OECD is an independent source of information and likely to be more trustworthy than the Greek government."
But here's a key fact that AP, AFP, and the BBC didn't report: the economic projections of the International Monetary Fund match those of the Greek government, not those of the OECD.
According to the IMF's World Economic Outlook (October 2013), the Greek economy will expand by 0.6% in 2014, just as the Greek government says.
Now, there's certainly no iron law of the universe that the IMF's projections are right. The IMF could be wrong, just like anybody else.
But if the press reported that the IMF's projections match the Greek government's projections, that's a very different story, isn't it? If you were a business thinking of investing in Greece, and you knew that the IMF agreed with the Greek government's projection of a return to growth, wouldn't you be less likely to accept the OECD's claim over the Greek government's claim?
If you think the BBC, AP, and AFP should report that the Greek government's projection of a return to growth in 2014 is supported by the IMF, you can tell them so here.
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Greece to Get EU Aid to Build Highways
Greece to Get EU Aid to Build HighwaysABC NewsThe European Commission, the executive arm of the European Union, approved Monday 3 billion euros ($4.1 billion) in financial aid to help build four major highways in Greece. Construction on the highways has been halted over the past few years as the ...Major highway projects get green light from ECKathimeriniEuropean Commission : On the Road to Recovery: EU Regional Policy ...4-traders (press release)all 6 news articles »
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Kouvelis Re-Elected DIMAR Chief
After bringing his party to the brink of ruin, Fotis Kouvelis has been re-elected leader of the fast-disappearing Democratic Left (DIMAR) that polls show might not make it into Parliament in the next polls. Kouvelis was chosen again even though a number of his party members were upset he refused to talk with a new […]
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European Commission approves $4.1 billion in aid for building Greek highways
The European Commission, the executive arm of the European Union, has approved 3 billion euros ($4.1 billion) in financial aid to help build four major highways in Greece.
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Greece Is Struggling To Keep Its Precious Fish Farms From Going Bankrupt
SOFIKO, Greece (Reuters) - Greek fish farmer John Stephanis has a problem. Global demand for his sea bass and bream is strong. But his company Selonda Aquaculture SA is so strapped for cash that it cannot expand its farms. One solution, says Stephanis, is smaller fish.
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Greek PM Samaras rules out triple election scenario
The Sofia GlobeGreek PM Samaras rules out triple election scenarioThe Sofia GlobeGreek prime minister Antonis Samaras has ruled out the possibility of simultaneous general, local and European Parliament elections in May, while emphasising that the government's absolute priority is the country's exit from the ongoing financial crisis.Samaras Seeks Greek Debt ReliefGreek ReporterDecision to further reduce Greek debt must be made in spring: PMThe West Australianall 21 news articles »
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Greek police arrest migrant smugglers
Greek police have arrested four Pakistani nationals after smuggling eight Syrians into Athens.
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Insight
By Karolina Tagaris and George Georgiopoulos SOFIKO, Greece (Reuters) - Greek fish farmer John Stephanis has a problem. Global demand for his sea bass and bream is strong. But his company Selonda Aquaculture SA is so strapped for cash that it cannot expand its farms. One solution, says Stephanis, is smaller fish.
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In Greece, fish farms a testing ground for ecomomic revival
SOFIKO, Greece, Dec 16 (Reuters) - Greek fish farmer John Stephanis has a problem. Global demand for his sea bass and bream is strong. But his company Selonda Aquaculture SA is so strapped for cash that it cannot expand its farms. One solution, says Stephanis, is smaller fish.
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| READ THE ORIGINAL POST AT finance.yahoo.com |
Church Canonizes Porphyrios, Meletios
CONSTANTINOPLE – The Holy Synod of the Ecumenical Patriarchate unanimously canonized the Elder Porphyrios of Kafsokalivia and Meletios of Lardos (Rhodes), marking the first time the Church has canonized a saint since Nectarios of Aegina in 1961. This decision was formalized on November 27, convened and presided over by His All Holiness Ecumenical Patriarch Bartholomew. […]
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Maria Fragoudaki: Art and Superheroes
SOUTHAMPTON, NY – Chemist, accountants, and businesspersons who spend a lot of time in museums and galleries might have a painter or sculptor inside of their inner selves struggling to be born. Take Maria Fragoudaki: a gifted young Greek artist whose career change has revealed her to be one of her country’s rising stars. Growing […]
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Taxation Treaty between Greece and Canada
PHOTO: GCT Kasekas CAPTION: (L-R): Dimitri Kobiliris, GCT President Andonis Artemakis, and Lazaros Kasekas. By Frances Themeliopoulos TORONTO, Canada – As most of us bundle up and brace for our Canadian winter, tens of thousands of Canadian “snowbirds” have been making their way down to their seasonal residence in Florida. It takes just a […]
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Alberto Zaccheroni says playing tougher teams makes Japan more confident for World Cup
by
Associated Press
Zaccheroni says Japan more confident for World Cup
by JIM ARMSTRONG, Associated Press - 16 December 2013 01:18-05:00
TOKYO (AP) — Japan coach Alberto Zaccheroni says playing against tough opposition has given his team greater confidence as it prepares for a fifth straight World Cup appearance.
Since taking over after the 2010 World Cup, Zaccheroni says one of his main goals was to take Japan out of its comfort zone by playing against some of the world's stronger teams.
Japan has been drawn in Group C with Ivory Coast, Greece and Colombia for next year's tournament in Brazil. While the Colombians are regarded as the favorite, the group is seen as relatively even.
Losses against Belarus and Serbia in October put the Italian coach under fire but a 3-2 win over Belgium and 2-2 draw with the Netherlands in friendlies last month has eased the pressure.
News Topics: International soccer, Soccer, Sports, Men's soccer, Men's sportsPeople, Places and Companies: Jim Armstrong, Japan, East Asia, Asia
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Tsipras Leftist Pick For EC Chief
The European Left Party has nominated, with an 84.1 percent support in the vote Greece’s major opposition party Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras, as its candidate for the Presidency of the European Commission, a titular office with relatively little power but a lot of prestige. Tspiras was chosen during the party’s […]
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George Soros Donates Funds to Help Heat Schools in Greece
Greek students have had a rough winter in extremely cold classrooms due to the lack of heating resources, resulting from local authorities who are simply unable to cover the unbearable cost of heating oil. The organization Open Society Foundation, founded by the great American investor George Soros, offers donations worth millions of euros in oil […]
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4 Arrested in Greece Over Migrants' Kidnapping
Greek Reporter4 Arrested in Greece Over Migrants' KidnappingABC News4 Arrested in Greece Over Migrants' Kidnapping. ATHENS, Greece December 16, 2013 (AP). Associated Press. Greek police have arrested four Pakistani citizens and are searching for three more for allegedly kidnapping 10 Syrian migrants and keeping them ...Greek Authorities Arrest Pakistanis for Holding Syrians CaptiveGreek ReporterGreek police arrest migrant smugglersSBSGreek police arrest migrant smugglers, free imprisoned SyriansThe Daily Starall 6 news articles »
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Vodafone hit by €250m lawsuit in Greece
Vodafone hit by €250m lawsuit in GreeceFinancial TimesThe British telecoms group's Greek subsidiary last week received the details of the civil lawsuit from MTS, a local telecoms retailer that sold Vodafone contracts and services in the country. Vodafone, which is the second largest mobile group in Greece ...
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Greek police arrest Pakistani gang that allegedly kidnapped Syrian migrants
Greek police have arrested four Pakistani citizens and are searching for three more for allegedly kidnapping 10 Syrian migrants and keeping them chained in a house for several days after enticing them with promises of help to get to Italy.
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Greece, lenders inch towards deal on defence firm, at odds over foreclosures
The review has been interrupted twice since September due to the reluctance of Greece's fragile, austerity-battered coalition government to adopt any more unpopular measures to satisfy its lenders. "We made significant steps forward and hope to ...
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