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How the world sees Greece
Sunday, April 6, 2014
Iran summons Greek envoy over EP resolution
Press TVIran summons Greek envoy over EP resolutionPress TVIran has summoned Greek ambassador to Tehran in connection with the European Parliament's (EP) recent adoption of a resolution against the Islamic Republic. In a Sunday meeting, director general of West Europe affairs at Iran's Foreign Ministry ...Report: Iran summons Greek envoy over rights voteThe Stateall 38 news articles »
Giannena beat Olympiakos 2-0
Giannena beat Olympiakos 2-0The StateATHENS, Greece — Two early goals helped Giannena beat already-crowned champion Olympiakos 2-0 in the Greek league Sunday. Alexis Michail scored just 40 seconds into the game with a header and Emiljano Vila added a close-range shot in the 14th.and more »
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The Cyprus Problem and The Royal Family Role
This week, TNH readers have their say in Letters to the Editor on columns about the Cyprus reunification problem and the Greek Royal Family.
The post The Cyprus Problem and The Royal Family Role appeared first on The National Herald.
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Iran Calls Greek Envoy On Rights Vote
Iran's Foreign Ministry has summoned the Greek ambassador in protest of a human rights resolution by European Parliament.
The post Iran Calls Greek Envoy On Rights Vote appeared first on The National Herald.
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Valdelainos Rueda – a Fresh Fruity Wine Ideal Companion to Greek Herb Dishes!
Greek cuisine features a variety of herbs, spices, and other flavorings: oregano, nutmeg, basil, spearmint, dentrolivano, masticha, and others. This Verdejo is absolutely delicious and perfectly-matched for a variety of lighter fare accented with such Greece-evoking flavors. Look for a 2013, as this is the freshest vintage, and this is a style of wine you […]
The post Valdelainos Rueda – a Fresh Fruity Wine Ideal Companion to Greek Herb Dishes! appeared first on The National Herald.
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Half of Greek Households Living With Under €800 Per Month
Around half of Greece’s households were forced to survive with less than €800 per month in 2012, as revealed by recent Greek tax office numbers. According to the data published by the Greek newspaper “Kathimerini,” 2,751,856 taxpayers ...
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Truthout Interviews Featuring Panayota Gounari on Greece, Neoliberalism, and ...
Truthout Interviews Featuring Panayota Gounari on Greece, Neoliberalism, and ...Truth-OutOne just needs to look at Greece, a member state of the European Union (EU), to see high unemployment, a shrinking of social services, the rise of diseases, drug use - and even suicide. This what happens when a social contract designed to cushion ...
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Report: Iran Summons Greek Envoy Over Rights Vote
Report: Iran Summons Greek Envoy Over Rights VoteABC NewsAn Iranian news agency is reporting that the country's foreign ministry has summoned the Greek ambassador in protest of a human rights resolution by European Parliament. The report Sunday by the semi-official Fars news agency says an official in the ...and more »
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Venizelos: What Happened with Baltakos is Extreme and Unthinkable
Earlier on Sunday, PASOK leader and Greece ’s Deputy Prime Minister Evangelos Venizelos, held a press conference at a centrally located hotel
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Preparing for Greek Universities Costing Families Around €14,000
Students and families with expectations of attending a university or a technological educational institute (TEI) in Greece is a definite effort that
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Report: Iran summons Greek envoy over European Parliament resolution on human rights
An Iranian news agency is reporting that the country's foreign ministry has summoned the Greek ambassador in protest of a human rights resolution by European Parliament.
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Germany's Schaeuble says Greek troubles not EU's fault
euronewsGermany's Schaeuble says Greek troubles not EU's faultGlobalPostGerman Finance Minister Wolfgang Schaeuble Sunday defended Europe's handling of Greece's debt crisis, saying there was no easier way to rescue the debt-laden country from crisis. "Unemployment in Greece isn't the result of European policy.Schaeuble Says! No Haircut, But 3d Greek Bailout PossibleGreek ReporterStadler: The mood in Greece is improvingDeutsche WelleDeutsche Welle to Produce TV Magazine Show for GreeceNews On NewsKathimeriniall 15 news articles »
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Greek God wins main event
Greek God wins main eventThe HinduGreek God (P.Trevor up) won the Bahrain Trophy, the main event of the races held here on Sunday (April 6). The winner is owned by Mrs. Laxmi P.Lala & Mr. Partab Lala, & Mr. Gautam Lala rep. Gainsville Stud & Agl Farm P.Ltd. Dallas Todywalla trains the ...Mint Approach fancied for featureDeccan Heraldall 5 news articles »
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The Euro Zone Economy Is Feeling Frost In The Spring
Viewed from one perspective, the euro area is a minor miracle. Instead of collapsing in a heap, as seemed possible two years ago, the currency club is not just intact but has a new member, Latvia, which joined in January.
An economic recovery has been under way since last spring and appears to be strengthening. But seen from another standpoint the euro zone is an accident waiting to happen.
As inflation slips ever lower, a slide into Japanese-style deflation looks increasingly likely. That would raise an already onerous debt burden in real terms and pull down growth.
The actions of the European Central Bank will be crucial if such an outcome is to be averted. The ECB’s mission is to achieve price stability, and since 2003 it has interpreted this to mean an inflation rate over the medium term of "below but close to" 2%. Yet despite a fall in annual inflation to just 0.5% in March, the central bank was expected to hold its fire when its council met on April 3rd (after The Economist had gone to press). Previously, it had lowered the main policy rate to 0.25% in November.
One reason for the ECB to wait was that underlying inflation, excluding more volatile elements such as energy and food, has been broadly stable over the past six months, at around 0.8% (see chart). The council also sees grounds for being patient and allowing its very low interest rates to take effect. It thinks that the recovery, which started in the second quarter of 2013 after a double-dip recession lasting a year and a half, should eventually bring inflation back towards the target.
Indeed, the once-sickly euro zone is losing some of its pallor. The recovery, though feeble, has nonetheless been sustained. Output rose by 0.3% (an annualised rate of 1.3%) in the second quarter of 2013, and although growth slowed to 0.1% in the third, it picked up to 0.2% in the fourth. More important, there are signs that the pace may be accelerating this year.
Despite the crisis in Ukraine, euro-zone surveys of confidence and activity in the first three months of 2014 have been encouraging. The European Commission’s economic-sentiment indicator, based on what both businesses and consumers are reporting, rose in March to 102.4, the highest since July 2011 and a little above the long-term average of 100 since 1990; at the worst of the recession in late 2012 it had fallen to 85.8. The indicator tends to track growth, which suggests that it is picking up. That chimes with surveys of manufacturing, compiled by Markit, a data provider, which show the sector in the first quarter at its healthiest since the spring of 2011.
A reassuring feature of the recovery is that it is spreading to the once-afflicted countries of southern Europe. Germany, which remains the main engine of growth in the euro zone, is likely to have expanded strongly in the first quarter of 2014, according to the Bundesbank. But the recovery is also being boosted by a return to growth, albeit sluggish, on the part of both Italy and Spain, the third- and fourth-biggest economies in the euro zone.
The peripheral economies are benefiting from falling long-term interest rates. Ten-year government-bond yields in Italy, Spain and Portugal are now lower than they were four years ago, shortly before the Greek crisis flared up and led to the first bail-out (see chart). Remarkably, yields in Ireland, which exited its rescue programme only last December, have fallen to their lowest since the euro started 15 years ago. Peripheral yields have been dragged down both by the fall in German yields and the narrowing of their spreads over German bonds since the height of the crisis. Although the spreads are still wider than before the crisis, their tightening reflects a broader reassessment of risk: investors no longer shun peripheral Europe on fears of a euro-zone break-up, whereas they fret about emerging markets.
Despite these promising developments, there is still a concern that the recovery may have come too late and be too weak to avert the onset of deflation. Consumer prices are falling in several peripheral countries, notably Cyprus and Greece, but also now in Spain, where in March they declined by 0.2% on a year earlier.
The advent of deflation in the euro-zone periphery can be seen as part of a one-off adjustment as the crisis countries claw back lost competitiveness. But balefully high unemployment across the euro area will continue to bear down on wages, which in turn will keep prices weak. The jobless rate in February remained at 11.9%, only marginally down from its peak of 12% for much of 2013. Though unemployment has fallen over the past year from already low levels in Germany and has declined in Spain, it has risen sharply in Italy.
Making matters worse, the strength of the euro, which has appreciated by 7% against the dollar in the past year, is an endorsement the still vulnerable euro-zone economy could do without. For the time being the ECB is choosing to fight disinflationary pressures through words and threats rather than deeds. But, as Christine Lagarde, the head of the IMF, said on April 2nd, a long period of "lowflation" can be bad for growth and jobs. If inflation weakens any further, the ECB will have to act.
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Integration of UA Greek system
Integration of UA Greek systemThe Huntsville Times - al.comIt was just last September when President Judy Bonner said regarding Greek system integration at Alabama, “I am empowering our students to do the same thing that our students did 50 years ago [when some student leaders helped Vivian Malone and ...
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UAE Greek community urged to stay in touch with home country
UAE Greek community urged to stay in touch with home countrygulfnews.comDubai: There has been an increase in the number of Greek professionals migrating to the UAE and the Gulf Cooperation Council (GCC) region for employment for the past two years, according to Emfasis Foundation, an organisation founded by Greeks living ...and more »
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Five more Greek neo-Nazi MPs stripped of parliamentary immunity
HaaretzFive more Greek neo-Nazi MPs stripped of parliamentary immunityHaaretzFive more Greek neo-Nazi MPs stripped of parliamentary immunity. Now 13 Golden Dawn lawmakers are facing prosecution as part of Greece's widespread crackdown on a party that authorities describe as a criminal organization. By JTA | Apr. 6, 2014 | 1:37 ...Greek PM adviser linked to Golden DawnDeutsche WelleGreek Golden Dawn parliamentarians lose immunityPress TVFar-right video leak halts Greek government's poll boostReutersall 27 news articles »
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Turkey's EU Minister calls for realism about opening new chapter along Greek ...
Hurriyet Daily NewsTurkey's EU Minister calls for realism about opening new chapter along Greek ...Hurriyet Daily NewsPerhaps, not very concrete things have been accomplished, but even this verbal and psychological support is important,” Çavuşoğlu told reporters on April 5, after attending a meeting of the EU Foreign Ministers held in the Greek capital city. Foreign ...Turkey's EU Min's hopes lost for opening new chaptersTrend.azTurkey's EU minister hails ties with GreeceTurkish Pressall 16 news articles »
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Greece Health Care Reels in Crisis
Greece’s health ministry is merging clinics and creating a new national healthcare network to make the system more efficient amid budget cuts.
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Torture Found in Albanian Inmate’s Death
A Greek police internal affairs investigation has reportedly found an Albanian inmate in a Greek prison was beaten and tortured, leading to his death.
The post Torture Found in Albanian Inmate’s Death appeared first on The National Herald.
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Growing Greek community in UAE urged to stay in touch with motherland
Growing Greek community in UAE urged to stay in touch with motherlandgulfnews.comThere has been an increase in the number of Greek professionals migrating to the UAE and the Gulf Cooperation Council (GCC) region for employment for the past two years, according to Emfasis Foundation, an organisation founded by Greeks living ...
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Schaeuble Says! No Haircut, But 3d Greek Bailout Possible
The reports of Greece’s return to life may be greatly exaggerated. Despite the impending release of a long-delayed 8.3 billion euro installment
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Sail Through Greece on a Wooden Gulet
If you wish to explore the beauty of the Greek islands but don’t want to waste a lot of time getting to
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Chobani Accused of Stealing Yogurt Recipe From Fage
Chobani Accused of Stealing Yogurt Recipe From FageWTMAThe ex-wife of Chobani Yogurt CEO Hamdi Ulukaya said that Ulukaya used corporate espionage to steal his popular Greek Yogurt recipe from Fage. Ayse Giray, Ulukaya's former wife, said that he obtained the recipe "by bribing a former employee of Fage ...and more »
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No haircut for Greece but maybe third bailout, Schaeuble tells Kathimerini
KathimeriniNo haircut for Greece but maybe third bailout, Schaeuble tells KathimeriniKathimeriniGerman Finance Minister Wolfgang Schaeuble does not rule out the possibility of a third bailout deal for Greece in order to cover the country's funding gap over the next two years. Though he is reluctant to spell out the size of such a loan, he does ...Schaeuble Says! No Haircut, But 3d Greek Bailout PossibleGreek Reporterall 2 news articles »
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AHEPA Journey: Bridge to the Homeland
WASHINGTON, DC – The Order of AHEPA is now accepting applications for the 2014 session of its popular Journey-to-Greece program. Ethnic groups in America, even the most successful ones, like the Greeks, have learned some important lessons the hard way. One is that it is not automatic that the descendants of immigrants will retain their […]
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Dino's Italian and Greek Restaurant Avondale, AZ
Good Day Readers! I hope all your days are either Greek or Italian! That's a joke, but Dino's Greek and Italian Restaurant in Avondale, Arizona is no joke at all. The food is authentic, family owned and operated, and quite tasty. From the Spaghetti's to ...
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'GREEK' attracts audience
With the start of another school year, the colorful T-shirts touting fraternity and sorority letters and witty phrases have made their comeback on DePauw's predominantly greek campus.
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Manchester United show interest in highly rated Greek Defender
SoccerlensManchester United show interest in highly rated Greek DefenderSoccerlensItalian website transfermarketweb.com has reported today that currently on a deal with Olympiakos until June 2016, Greek international centre-back Konstantinos Manolas (22), already tracked by Juventus, has been targeted by Manchester United as well.Man United transfer news: Red Devils to battle Juventus for this defender?talkSPORT.comall 3 news articles »
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Greek sweets earn accolades at Sydney Fine Food Show
EVERY good recipe is not only about the ingredients, it's also about the love that goes into the creation. For Ocean Shores' Ilias the Greek, the love and passion he puts into his traditional handmade Greek sweets has won him a swag of medals at the recent ...
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Greece woman working toward positive change
Greece woman working toward positive changeRochester Democrat and ChronicleCarol Tegas' husband owns a family restaurant in Greece, but as she points out, that's his restaurant. Tegas has a wide variety of her own activities. She's executive director of Rochester Community Individual Practice Association, a health care group.
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Glafcos Clerides obituary
Greek Cypriot statesman who worked towards a settlement for the divided island of Cyprus Cyprus is a speck of a nation with a population of barely one million. But geography, history and chance have combined to give it a disproportionate importance in world affairs. Over the years, it has risen to the challenge of its role by producing politicians of a stature to hold their own among ...
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Greek God for feature
Greek God for featureTimes of IndiaMUMBAI: Trainer Dallas Todywalla's gelding Greek God looks good among 10 contenders in the Bahrain Trophy, feature of Sunday's Mumbai Races. Greek God is expected to face a strong challenge from Heart Of The City and Koalaa. There are eight races ...
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Tax rate drops slightly in proposed Greece budget
Tax rate drops slightly in proposed Greece budgetRochester Democrat and Chronicle(Photo: Provided photo). SHARECONNECTTWEETCOMMENTEMAILMORE. While spending is expected to increase by about $4.7 million in the Greece Central School District next year, nearly all of the additional money can be attributed to just five expenses.
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Olympiakos's women win water polo's LEN Trophy
Olympiakos won its first ever European cup in women’s water polo on Saturday as it became the third Greek team to win the LEN Trophy, Europe’s second-tier competition.
The Piraeus club defeated Firenze 10-9 in the final held in Florence, where the tournam... ...
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