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How the world sees Greece
Monday, March 24, 2014
Greek dairy farmers and their MPs risk IMF bailout over EU's most costly milk
Greece's government risks another rebellion over bailout terms this week after milk producers lobbied against a move to free up prices under efforts to make the economy more competitive. The country's international lenders want it to ditch rules ...
Top 10 Greek books for Greek Independence Day
If you prefer to read Greek, pick up a side by side translation with the ancient text on one side and the modern translation on the other. “The Odyssey” by Homer: In this sequel to “The Iliad,” Odysseus takes the long way home to Ithaca after the ...
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Greece: Wonderful family destination
If you have already visited Greece for your summer holidays, then you are fully aware of how your children can really have the time of their lives here.
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Greece’s Alpha, Piraeus Banks Start $4 Billion Share Sales (1)
Alpha Bank A.E. (ALPHA) and Piraeus Bank SA (TPEIR), two of Greece’s biggest lenders, started selling 3 billion euros ($4 billion) of shares, bolstering capital as the nation’s recovery from the sovereign-debt crisis gains momentum.
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Women of the 1821 Greek Revolution
Her biggest loss was the death of her first-born son (from her first marriage), Yannos Giannouzis in late April 1821, during a gunfight with the Turks near the city of Argos. However, her patriotism overcame all her other emotions. Laskarina ...
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The dependent generation: half young European adults live with their parents
Eurofound report says it's not just people finishing education who struggle to live independently, but those in their thirties too
Almost half of Europe's young adults are living with their parents, new data suggests – a record level of dependency that has sobering social and demographic implications for the continent.
One of the most comprehensive social surveys of 28 European countries reveals on Tuesday that the percentage of people aged 18-30 who were still living with their parents had risen to 48%, or 36.7 million people, by 2011, in tandem with levels of deprivation and unemployment that surged during five years of economic crisis.
The data from EU agency Eurofound, obtained by the Guardian, shows that few countries are immune and that the phenomenon is not exclusive to the debt-laden Mediterranean rim. The figures show large rises in the number of stay-at-home twenty-somethings in countries such as Sweden, Denmark, France, Belgium and Austria. In Italy, nearly four-fifths (79%) of young adults were living with their parents.
However, Germany, the Netherlands, Ireland and the UK saw decreases in their numbers over that period – in Britain, the figure fell from 30% to 26%.
One of the report's authors, Anna Ludwinek, said: "The situation of youth has really fundamentally changed. And it looks different from the situation of their parents and grandparents.
"It's not only the world of work that has changed but society is changing, so the transitions are becoming much more unpredictable; people are not having a job for life or live in one place for life."
She said it was a myth that living with children and parents in a multi-generational household was all "happy clappy": "Really we see that multi-generational households have very low life satisfaction and a very high level of deprivation and perceived social exclusion.
"One could argue that if you are at the age of 30 and are still living with your parents and, on top of that you have your own family, it is really difficult to start an independent life."
The data underscores the predicament of "Generation Y" – who are better educated than their forebears, but condemned nonetheless to dimmer prospects than their parents' generation.
The growing phenomenon of adults stuck living in their childhood bedrooms has, moreover, raised concerns about birthrates and demographics in an ageing continent.
The trend for parental dependency, the report's authors say, cannot be solely explained by increases in the number of people studying later into their life, as millions more 25- to 29-year-olds have also been found to be living with mum and dad.
For women aged 25-29, this figure rose by five points to 26% while the proportion for men is up three points to 34%. Even among those who have a job, the overall figure rose one point to 34%.
While young adults tend to be as trusting of institutions as their parents, faith in their national government, legal system and the press all fell among the young between 2007 and 2011.
Bobby Duffy from pollsters Ipsos Mori said he had found similar results in the UK: "Our generational analysis of attitudes in the UK has shown how much pressure the youngest generation feel under – they're the most likely to see themselves as poor even a good few years into their careers, which is historically unusual.
"This echoes the Eurofound research – it's not just those straight out of school or university who are finding it more difficult to get going with independent lives, it's people well into their 20s and 30s."
He said these results demonstrated that class and background was becoming even more of a factor in later life success.
"Those from better off or higher social class families will be much better set to deal with the pressures. The real story here isn't about generation alone; it's about how it interacts with wealth and class, leaving some younger people behind."
Peter MatjaĊĦic, president of the European Youth Forum, which represents young people across the EU, said that Europe's youth were still "in the full force of the storm" despite talk of a recovery.
He said that too many were still unemployed or, if they were in work, this was "precarious and often without the safety net of proper social security".
"This report makes worrying reading because it provides more evidence that, at the time that young people should be becoming autonomous adults making their own way in the world, they are forced to continue to live at home with their parents for much longer than before, and this is now becoming the norm in many countries where it was not common practice before."
He called on European leaders to implement concrete measures and said that young European adults should not be discriminated against on the basis in matters of social security spending.
The Eurofound report also reveals that 49% of all Europe's young adults were living in households experiencing some form of deprivation. In 2011, 27% of young adults were living in "mid level" deprivation – meaning they could not replace worn out furniture, were unable to invite friends over and could not afford to take an annual holiday.
More than a fifth (22%) were found to be experiencing "serious deprivation" and were struggling to heat their home or buy new clothes. This figure rose by six percentage points since 2007.
The rise in deprivation for young adults was worst in countries such as Greece (+15 points) Spain (+20) and the UK (+10).
Though their situation is less acute, when compared with other generations, European youth fare worst overall. "In nearly all countries young people are more likely to experience moderate levels of deprivation than the general population, but they are less likely to experience the more serious forms of deprivation," the report says. From the survey of 7,300 young adults for the European Quality of Life Survey, the report's authors point towards a growing trend of multigenerational households in which parents are increasingly having to house both their children and their grandchildren.
Correspondingly the number of working families raising a new family in their own home fell by 3 percentage points.
Family units in which three generations all live under one roof are more likely to experience serious deprivation, "suggesting that for some, such living arrangements may be involuntary and be a result of the economic crisis", says the report.
Young peopleSocial trendsSocial mobilitySocial exclusionRecessionEconomicsShiv Maliktheguardian.com © 2014 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds |
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The Tea Party is wrong: The US will never be Greece
The Week MagazineThe Tea Party is wrong: The US will never be GreeceThe Week MagazineRepublicans and Tea Party politicians are particularly fond of this comparison, claiming that President Obama's alleged runaway spending could result in the kinds of soaring borrowing costs that forced Greece to enact crippling austerity measures.
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Increased Civil Marriages Due to Financial Crisis
It was 1982 when Andreas Papandreou’s government caused quite a stir in traditionally Orthodox Greece by legalizing civil marriage. At first, only a few couples chose a
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Minor losses for index in thin bourse trading
The Greek bourse’s main index endured minor losses in Monday’s session in relatively thin trading, as stocks showed a mixed picture.
The Athens Exchange (ATHEX) general index closed at 1,329.20 points, dropping 0.11 percent from Friday’s 1,330.69 points. ... ...
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Alpha and Piraeus start capital increase process
Alpha and Piraeus banks announced on Monday the start of their book-building with an aim to increase their share capital and cover their additional requirements as determined by the Bank of Greece a few weeks ago. The definitive decisions will be made at ... ...
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Reds and Greens stroll in league before trips to Spain
Panathinaikos and Olympiakos hardly broke a sweat during their Sunday games for the Greek league against relegation-threatened opposition, but third-placed Panionios suffered another loss and is now threatened by PAOK.
A few days before their crucial matc... ...
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Greece's Alpha, Piraeus Banks Start Sale to Boost Capital
Greece's Alpha, Piraeus Banks Start Sale to Boost CapitalBloombergInvestors are returning to Greece as it makes a comeback from an international bailout that roiled world markets. Greek lenders need to boost their capital by 6.38 billion euros after six years of recession and the country's financial crisis left them ...ANNOUNCEMENT-Greece's Piraeus Bank launches book-building for share ...Reutersall 3 news articles »
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Bill Supporting Greek Integration Doesn't Make it Through 'Bama
Bill Supporting Greek Integration Doesn't Make it Through 'BamaJezebelA resolution that would have affirmed University of Alabama Student Government support for Greek integration didn't make it to a vote late last week, but stalled when it was sent to committee. In the fall, the UofA administration mandated that Greek ...
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Greek chapters taught to step in to stop sexual assaults
GW Hatchet (subscription)Greek chapters taught to step in to stop sexual assaultsGW Hatchet (subscription)The bystander intervention program was created by the Center for Alcohol and other Drug Education this semester, and has taken place in at least three Greek chapters so far. At the end of the two-hour session – which was created for all students, not ...
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Jimmy the Greek restaurant reopens, familly, employees remember owner
WPECJimmy the Greek restaurant reopens, familly, employees remember ownerWPTVBoca Raton restaurant Jimmy the Greek is back open eleven days after its owner was stabbed to death. Although Jimmy is gone he's not being forgotten. Family and employees are wearing shirts commemorating his life and his passion for cooking.Jimmy the Greek Taverna reopens in Boca Raton today after owner stabbed to ...Palm Beach Post"Jimmy the Greek" Resturant to reopen today after owner murderedWPECall 6 news articles »
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Influenza Death Toll in Greece Hits 110
The deadly onslaught of the flu continues. According to KEELPNO’s (Hellenic Centre for Disease Control and Prevention) data, the flu had claimed
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Milk Bill Being Revised To Save Deal
Greece’s shaky coalition is readying changes to a crucial bill needed to unlock release of a delayed nine billion euros ($12.43 billion)
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Tight Security Measures in March 25 School Parade
The school parade for the celebration of Greek Independence Day in downtown Athens was held Monday under tight security measures. Deputy Minister
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Greek Major General Retires to Cut Army Costs
Major General Ioannis Tsaknis delivered his “goodbye speech” to Greece’s first infantry division Monday, and emphatically underscored the effect of the country’s drastic military funding cuts.
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Greek yogurt practically unknown in Greece
Greek yogurt is the latest diet fad to take over Europe and the United States, with millions of fans across two continents gobbling up the creamy foodstuff that is rich in protein and low in fat. Yet in Greece, many people have never heard of ...
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Greek pharmacies to indefinitely strike over deal with bailout lenders
A body representing Greece's pharmacies says drug dispensers' will close indefinitely in a strike starting Wednesday, in protest at a deal reached between the government and bailout lenders to deregulate store licenses.
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Is Greece Really On Way Back? The Indicators Say Yes
While Greece is stuck in the seventh year of a recession, some key economic indicators show that the economy may begin to recover.
The post Is Greece Really On Way Back? The Indicators Say Yes appeared first on The National Herald.
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Omnibus Tax Bill Finally Ready
Greece’s complicated tax laws – which can change several times in the course of a year – will be revised again under
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Crete: Man Beaten to Death
An unfortunate man from Crete, Greece, was beaten to death by two men during a fight on Sunday afternoon. The violence broke
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German Booksellers Ask Greek PM to Reconsider Abolition of Uniform Book Prices
In a letter to Greek Prime Minister Antonis Samaras, the German publishers and booksellers association spoke out against an abolition of uniform
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State Funding for Political Parties to be Halved
The Greek government, with the backing of its foreign creditors, is to table a bill according to which state funding for parties
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The Currency/Jobs Connection in Greece
Talk of a recovery isn’t just premature, it reflects a complete fantasy. For starters, at today’s rate of net job creation Greece won’t reach a reasonable employment level for more than a decade. That’s too long. An alternative domestic currency ...
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Jimmy the Greek Taverna reopens in Boca Raton today after owner stabbed to ...
WPBF West Palm BeachJimmy the Greek Taverna reopens in Boca Raton today after owner stabbed to ...Palm Beach PostDimitrios “Jimmy the Greek” Karaloukas was allegedly stabbed to death by an employee on March 13 in the dining room of the restaurant, located just west of the Turnpike on Glades Road. Tilus Lebrun, a dishwasher, took “the longest knife” in the kitchen ...Eatery set to reopen Monday following brutal stabbing death of ownerWPBF West Palm Beachall 2 news articles »
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Greek Study on Domestic Porn Industry
The Greek Porn Project is a recent Greek study, which for the first time takes a closer look at the “sinful” topic of the domestic porn industry, focusing on the analysis of Greece’s porn production, the comparison of quantitative and ...
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Greek democracy under siege
And over the weekend, right-wing thugs stormed a memorial event for victims of the Greek Civil War (1946-1949) at the Peloponnese peninsula in southern Greece to attack the keynote speaker. Meanwhile, Panos Kammenos, head of the right-wing populist ...
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Andriomeni Celebrate Hellenism in Chilly Philly
PHILADELPHIA, PA – The words “kai san prota andriomeni – valiant, like in the past” were richly symbolized by the descendants of the Hellenes of centuries past as they proudly and vigilantly stood along Philadelphia’s Benjamin Franklin Parkway on March 23 as temperatures dropped into the 30s – the latest reminder of a long and […]
The post Andriomeni Celebrate Hellenism in Chilly Philly appeared first on The National Herald.
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Frangoulis Dazzles in NY – UPDATED
NEW YORK – Mario Frangoulis launched his latest North American tour with an eclectic concert in multiple languages that delighted his fans at the Rose Theater of Jazz at Lincoln Center in New York. The international tenor performed with a fine 8-piece orchestra and was joined by British recording artist and songwriter Alexandra Burke, who […]
The post Frangoulis Dazzles in NY – UPDATED appeared first on The National Herald.
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Elia, To Potami Ready Their Case
Two new political movements hoping to draw voters from traditional parties are preparing candidates for the crucial May 25 European Parliament elections.
The post Elia, To Potami Ready Their Case appeared first on The National Herald.
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Investors pile into Greece and Portugal on recovery bet
euronewsInvestors pile into Greece and Portugal on recovery betReutersPortugal, Greece shares and debt Europe's winners in 2014. * Inflows into funds invested there accelerate - Lipper. * Investors bet on recovery as both economies bottom out. * Benefiting from emerging market jitters, low returns elsewhere. By Francesco ...Portuguese Bonds Rise for Seventh Day Amid Debt-Market OptimismBusinessweekall 2 news articles »
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Greek Independence Day message
Greek Independence Day messageCyprus MailWITHIN a dramatically changing world we need to be united to ensure our historical continuity, Education Minister Costas Kadis said in a message to teachers and students marking the anniversary of the Greek Independence Day (March 25, 1821).
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Greece host Turkey, Poland and Norway
Greece secured their passage from the qualifying round with a match to spare and head into this home mini-tournament in fine fettle. Since their most recent competitive match in October, they have played just one friendly – a 2-0 victory against Ukraine ...
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Coalition to announce by Friday how it will share out primary surplus
The government is expected to announce by Friday how it will share out the so-called “social dividend” from Greece’s 2013 primary surplus, sources have told Kathimerini.
After reaching a deal last week with the troika on the latest review of Greece’s adju... ...
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Number of flu deaths in Greece reaches 110
The number of people in Greece who have died after contracting flu this winter rose to 110 on Monday.
The Center for Disease Control and Prevention (KEELPNO) said that another 46 people are receiving hospital treatment.
The virulent H1N1 strain and a poor... ...
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Win Tickets To See The Neighbourhood At The Greek, Qualify To Have Them ...
Win Tickets To See The Neighbourhood At The Greek, Qualify To Have Them ...KROQAll this week we're hooking you up with the chance to have The Neighbourhood Play Your Hood – a private concert at your house for you and 50 friends! You'll qualify by scoring tickets to see them at the Greek Theatre on July 24, 2014! Be caller 20 at ...
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Google's Matt Cutts Admits Google To Penalties In Greece
Early this morning, after 3am EST, Matt Cutts, Google's head of search spam, seems to have confirmed that Google took action on spam in Greece recently. Matt responded on Twitter to someone noticing penalties to Greek web sites. Matt responded saying, "ah ...
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Olympiakos Pounds Ergotelis, 4-1
Nelson Valdez scored a hat trick in the first 13 minutes March 23 as Olympiakos cruised to a 4-1 win at Ergotelis in the Greek league.
The post Olympiakos Pounds Ergotelis, 4-1 appeared first on The National Herald.
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Samaras Says Party Books To Open
Prime Minister Antonis Samaras has proposed legislation requiring political parties to account for how they spend public money.
The post Samaras Says Party Books To Open appeared first on The National Herald.
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Current Account Shortfall Narrows In January
Greece ‘s current account shortfall decreased in January from last year, helped by a strong improvement in revenues, preliminary figures published by
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Greek police destroy bomb outside tax office following warning calls; no one hurt
Police in Greece say they have destroyed a bomb by controlled explosion outside a tax office in western Athens, following overnight warning calls to a television station and news website.
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S&P affirms credit rating of Greece
S&P affirms credit rating of GreeceTimes of MaltaA Greek and an EU flag fluttering in front of the temple of the Parthenon, during the takeover ceremony of the six-month rotation of Greece's EU Presidency at Zappeion Hall, in Athens. Photo: Yorgos Karahalis/Reuters. Standard & Poor's affirmed Greece ...Merkel in Greece Before EasterGreek Reporterall 2 news articles »
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Greek Sing showcases member talents
Greek Sing showcases member talentsCMU The Tartan OnlineGreek Sing, Carnegie Mellon's largest student-organized philanthropic event, took place last Saturday at Soldiers & Sailors Memorial Hall. The event raised over $90,000 for The Children's Institute, the organization that Greek Sing has partnered with ...Greek SingBG Newsall 2 news articles »
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Independence Day in Greece
March 25th marks a dual holiday for Greece - Independence Day and the Feast of the Annunciation. Travelers can count on parades and religious pageantry - but most archaeological sites and many businesses will be closed to observe this doubly ...
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Eleni Coffinas Fights for Justice
By Sophia S. Huling In the halls of Kings County Supreme Court, the busiest civil court in New York State, thousands of judges have heard and ruled on all manner of cases. Yet only one, Nicholas Coffinas, is immortalized with a brass plaque in the courthouse lobby, between the flags of the United States and […]
The post Eleni Coffinas Fights for Justice appeared first on The National Herald.
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Greece plans free wi-fi in public spaces
Greece plans free wi-fi in public spacesSBSPublic buildings, archaeological sites, museums and harbours will be among 5000 sites outfitted with free wireless internet connections across Greece this year as part of a new plan to broaden access to internet hotspots. The plan, as laid out by a ...and more »
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