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How the world sees Greece
Wednesday, April 9, 2014
New music festival to hit Greek Peak (with photos)
WBNG-TVNew music festival to hit Greek Peak (with photos)WBNG-TVCortland, NY (WBNG Binghamton) A new family-friendly music festival will be coming to Cortland County this summer. "PeakFest" is sponsored by Visions Federal Credit Union and will take place on July 18-19 at the Greek Peak Mountain Resort.Greek Peak schedules PeakFest all-day concert for JulyElmira Star-GazetteGreek Peak Announces Summer Music FestivalBinghamton Homepageall 3 news articles »
On the mend, Greece seeks confidence in bond market
On the mend, Greece seeks confidence in bond marketThe Globe and MailIn 2012, when Greece was on the verge of bolting from the euro zone and riots turned the streets of Athens into war zones, little Hellas Trekking, an outdoor holidays company, saw its sales collapse as foreign tourists sought adventures in saner parts ...
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Merkel Notes Greece’s ‘Early Success’ But Says More Needed
German Chancellor Angela Merkel has given credit to Greece, Ireland and Portugal for “early successes” in their economic recovery, while noting the three
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FT: Beware a Heady Rush into Bonds Arena in Athens
Demand for 5-year Greek bonds exceeded 11 billion euros, as investors rushed to place orders for them, London’s Financial Times reported Wednesday. Strong investor interest
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UPDATE 1-US investors eyed as Greece markets new bond
SFGateUPDATE 1-US investors eyed as Greece markets new bondReuters(Adds emerging markets investor quote). By Sarka Halas. LONDON, April 9 (IFR) - Greece's announcement that it is taking indications of interest for a five-year benchmark-sized euro-denominated bond just as the US bond market opened supports ...Greece is open for business again - but critics suggest visit of German ...The IndependentGreek return to financial markets attracts flock of investorsThe GuardianGreece to return to capital markets in bid to prove financial healtheuronewsBBC News -SFGate -Wall Street Journalall 425 news articles »
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UPDATE 1-US investors eyed as Greece markets new bond
SFGateUPDATE 1-US investors eyed as Greece markets new bondReuters(Adds emerging markets investor quote). By Sarka Halas. LONDON, April 9 (IFR) - Greece's announcement that it is taking indications of interest for a five-year benchmark-sized euro-denominated bond just as the US bond market opened supports ...Greece is open for business again - but critics suggest visit of German ...The IndependentGreek return to financial markets attracts flock of investorsThe GuardianGreece to return to capital markets in bid to prove financial healtheuronewsBBC News -SFGate -Wall Street Journalall 425 news articles »
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Is Europe Worthy of Ukraine?
This article first appeared on April 8 in "In These Times" magazine, © [2014], and is available at inthesetimes.com.Slavoj Žižek, a Slovenian philosopher and psychoanalyst, is a senior researcher at the Institute for Advanced Study in the Humanities, in Essen, Germany. Žižek is the author of many other books, including "Living in the End Times," "First As Tragedy, Then As Farce," "The Fragile Absolute" and "Did Somebody Say Totalitarianism?"
ESSEN, Germany -- As the European Parliament elections scheduled to take place in late May draw near, one should keep in mind the recent events in Ukraine.The protests that eventually toppled Prime Minister Viktor Yanukovych and his gang in late February were triggered by the government's decision to prioritize good relations with Russia over the country's possible integration into the European Union.
Predictably, many leftists reacted to the news about of the massive protests by patronizing the poor Ukrainians: How deluded they are to continue idealizing Europe, unable to see that Europe is in decline! They don't understand that joining the European Union will just make the Ukraine an economic colony of Western Europe, much like Greece is today.
What these leftists ignore, however, is that Ukrainians are far from blind about the reality of the European Union. They are fully aware of its troubles and disparities. Their message was, simply, that their own situation is much worse. Europe's problems -- its economic instability, its unrelenting unemployment -- are still rich men's problems. Remember that, in spite of the terrible predicament of Greece, African refugees are still arriving there en masse, fueling the ire of Rightist patriots.
A much more important question is: What does the "Europe" to which the Ukrainian protesters refer stand for? Read more here.
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Greece is open for business again
After almost six years of economic turbulence and misery for many millions of people, the Greek government has signalled that perhaps the worst was over as it announced that it would return to international credit markets.
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UPDATE 2-Grey market on Greece euro bond below 5%
Washington PostUPDATE 2-Grey market on Greece euro bond below 5%Reuters(Updates latest grey market pricing). By Helene Durand. LONDON, April 9 (IFR) - A five-year benchmark issue for Greece, its first international bond issue in four years, has attracted more than 11bn of interest from investors who are casting aside memories of ...Greece welcomed back to bond market after four-year exileTelegraph.co.ukGreek unions hold general strike over income cutsBusinessweekBack from cold, Greece announces market returnChron.comThe Guardian -euronews -Financial Timesall 412 news articles »
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Insight
Insight - Greece faces long road to recovery, despite financial reboundReuters UKPIRAEUS, Greece (Reuters) - Nikos Mavrikos has fired half of his employees since 2010 as the Greek economy imploded, leaving his ship supply business on the verge of collapse. February marked a turning point, however: Mavrikos made a hire, his first in ...and more »
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The Hottest European Investment -- Government Debt
Disclosure: I own GREK shares For almost four years, investors have been fleeing Eurozone debt in droves, especially the heavily indebted countries of Greece, Italy, and Spain. Some European observers discounted the break-up of the Eurozone, and the implosion of Southern European economies. Government bond yields of these countries headed north. But recently, investors [...]
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Athens museum to honor opera star Maria Callas
Ed Adamczyk ATHENS , Greece, April 9 (UPI) -- Plans for a museum dedicated to Greek opera star Maria Callas in Athens were unveiled Wednesday, with the museum expected to open in 2015.
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Greek Yields Fall Below 6%, Lowest Since 2010
Greek benchmark yields fell to the lowest level since 2010 on Wednesday after media reports said the country will return to capital markets as soon as this week.
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12 Words That Used To Have Radically Different Meanings
Word meanings can shift radically, just like pronunciation.
Called semantic change, a shift in a word's meaning occurs when frequent misuse becomes standard, or when metaphoric use becomes literal.
Interestingly enough, people now often say "literally" when they mean "figuratively," though it's still only valid for informal use.
Sometimes, the original definition of words is all but forgotten.
We've pulled some of the best examples.
1. prestigiousCoined in the 1540s, "prestigious" used to mean "practicing illusion or magic" or "deceptive." The word was derogatory until the 19th century. But now, of course, it means "inspiring respect or admiration."
The older meaning comes from the Latin noun prestigiae meaning "juggler's tricks."
In linguistics, this is called amelioration — when a word takes on a more favorable meaning.
2. funThis noun, formerly a verb, used to mean "to cheat or hoax" in the 17th century. The new meaning, "amusement," appeared around 1727.
The original version likely stems from the a variant of Middle English fonnen, meaning "to befool."
Because sometimes lying to people is fun, right?
3. awfulOriginally, "awful" meant exactly what it sounds like: "full of awe." People used it in the 13th century to describe something "worthy of reverence." It comes from Old English aghe, an earlier form of "awe" meaning "fright, terror," plus the suffix -ful.
While something "awful" might scare you, the more common meaning today, "very bad," began in 1809.
4. broadcastIn the 18th century, the term "broadcast" referred to farming. The adjective "broad," meaning "wide," combined with the verb "cast," to figuratively mean "flinging seed."
Modern media adopted the term in 1921 with the radio.
How English went from the natural and tangible, like seeds, to radio waves, well, the world may never know.
5. decimateToday, this verb means "to destroy a large portion of." But historically, it has a much more specific meaning: to kill one-tenth.
It stems from the Latin word, decimatus, the past participle of decimare, literally meaning "to kill one-in-ten." (Think of how the word "decimal" relates to 10.)
The Roman army dealt with either mutinous soldiers or enemies by dividing them into groups of 10. One was likely selected to die at the hands of his groupmates by lottery.
The new meaning appeared in the 1660s.
6. blessOriginally, the word "bless" (well, blodison in Proto-Germanic) meant to consecrate with blood in pagan times, like sprinkling some on altars.
When monks translated Bibles from Latin and Greek, they chose "bless" to represent both benedicere and eulogein, both invoking "to praise" (likely from its unrelated similarity to "bliss").
In Hebrew Scriptures, the word translated brk, meaning "to bend the knee" in combination with "praise."
We doubt most practitioners today would consider throwing blood during a religious ceremony as holy.
7. defecate"Defecate" comes from Latin defaecatus, the past participle of dafaecare, meaning "cleanse from dregs; purify." The Latin verb is a variant of the phrase "de faece," meaning "from dregs."
"Dregs" refers to any liquid left in a container with other sediment — like leftover coffee with coffee grounds. Originally, "defecate" meant to remove the undrinkable pieces from a liquid.
There's a clear relationship, but the excretory sense was first recorded in 1830.
8. dapperWhile "dapper" took on its current meaning rather early (mid-15th century), the word comes from the same spelling in Middle Low German, which meant "strong" or "stout."
If we trace the etymology back even further, the meaning changes more. The Middle Low German version likely stems from the Proto-Indo-Euro peon root dheb-, "dense, firm."
We usually think of George Clooney, the epitome of dapper, in a tuxedo and slicked-back hair — not as a stout, dense man.
9. inmateHistorically, "inmate" has been synonymous with "roommate." It's technically a compound word of "in" (inside) and "mate" (companion), first appearing in English in the 1580s.
The meaning of someone confined to an institution came about in 1834.
10. bullyBelieve it or not, "bully" first meant "sweetheart" for both genders. It comes from Dutch boel, meaning "lover, brother," likely a diminutive of Middle Dutch broeder, which means "brother."
The meaning deteriorated to a pejorative term in the 17th century. The connection between the positive and negative meaning could stem from a tweaked version of "bully" from 1708: "protector of a prostitute."
11. artificial"Artificial" clearly contains a part of its earlier meaning — "art." In the early 14th century, the word described works of art, but the meaning switched in the 15th century to roughly "fake" or "made-made."
It stems from Latin artificialis, meaning "of or belonging to art."
12. egregiousIn the 1530s, "egregious" meant "distinguished, eminent, excellent" from Latin ex grege, a phrase meaning "out of the flock."
The modern sense, "shockingly bad," arose in the late 16th century as irony.
SEE ALSO: 11 Words You're Probably Mispronouncing
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SZ: Greek Bond Issue Not Cause for Celebration
German newspaper Süddeutsche Zeitung said Wednesday that Greece has returned to the bond market under false pretences that shouldn’t be celebrated. “Greece is
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Greeks Struggle to Pay Bills
The t-shirt in an Athens store said it all: "No job, no money -- NO PROBLEM."
Unemployment is at 27 percent. But youth unemployment is at a heartbreaking 60 percent.
Greeks may smile and enjoy the Mediterranean winds and sun but inside they are suffering the worst days since the end of World War II.
The suicide rate has risen by 45 percent since 2008, when the economic crisis swept through here, affecting many if not most of the 11 million people in this ancient land.
John Sifonios is one of those who is suffering. He leaned back against the 800-year-old-stone walls of his jewelry shop in the Old Town of Rhodes recently and told how his life has changed since the crisis.
His family income is slashed, prices climb and the Euro buys less each week. His wife used to earn about $1,000 a month as a cosmetologist but got laid off and went on unemployment.
But then the government -- anxious to show wealthy European nations such as Germany that Greece is willing to tighten its belt and cut spending -- reduced unemployment payments and limited them to three weeks.
"Now she doesn't earn anything; she stays home," said Sifonios.
And how do they cope? They eat each night at his parents' place where "we cook a big pot of food for 20 people. It is cheaper than if we cook for ourselves."
A taxi driver told me that before the crisis, he earned $4,000 per month as a civil engineer. Now he earns about $600 a month driving a taxi 10 hours each day.
"We used to travel around Europe and the Greek islands," he said. "No more. All I can do is to pay the rent. It will take a long time before things are back to how they were."
The Greek crisis made headlines around the world in in 2008 when Athens was threatened with default and possible expulsion from the group of 18 states that share the Euro as common currency. Each euro currently buys about U.S. $1.37.
Lately there are signs that the Greek economy is improving. The government now projects its first budget surplus in many years.
And Euro zone financiers in early April decided to offer another eight billion euros in loans to prop up Greece. The price for the loans has been raising copayments on medicine and cutting salaries for teachers and other public sector workers from $1,000 to $600 per month.
"We questioned our students last year and found eight out of 10 want to try to leave Greece," said Oliver Bailey, director of student life at New York College, a Greek school linked to The State College of New York.
Speaking in a shady courtyard as Greek students passed by hauling books and cell phones, and as Euro Zone financiers met across the street, Bailey said many students find it hard to afford fees.
"The Greek people are always adaptable to big changes," he said. But the crisis is largely due to Greek attitudes and lax financial practices, he admitted. "We were eating out of our loans -- since the 1980s we lived on borrowed money."
The crisis hit during the world-wide recession that swept America and Europe in 2008-2009, cutting back on tourism which has been the mainstay of Greek economy. Previous left governments had allowed unions to hamstring local industry which withered and fled at the constant strikes.
In the past week, for example, strikes paralyzed the huge ships that connect Greek ports and far flung Aegean Islands.
Strikes also were held by primary school teachers, caregivers to the elderly and infirm and pharmacists leery of laws allowing large supermarkets to sell drugs.
"This situation makes people hopeless about studying and everything else," said Bailey. "They think nothing can help. They fear they will not find jobs and get a good life. This paralyzes people and they don't try to achieve what they can. It will take time to recover."
Many young people now are not able to get married because they have no job or apartment.
"We work really hard, but Germans think everyone is a public servant doing half the work of the private sector workers," Bailey said.
Cafes are open everywhere and people of all ages love to sit and chat. You can still smoke cigarettes at the tables. But people are struggling to survive.
Sifonios said he recently bought a car from a woman who could not afford the payments and switched to a $1,000 motor scooter.
"But she will still have to pay off her loan and won't be able to do it. Her credit will be ruined and she will never get another loan for a car or a home or apartment."
He admits that his family now finds clothes in the back of the closet that are 10 years out of style but they must wear them.
"People feel ashamed," said Bailey.
The government has come up with a solution to avoid mortgage defaults: You only have to pay a certain percentage of your salary. So when your wages fall from $5 per hour to $3, your mortgage payments also fall. But it means you'll need many more years to pay off the loan and total interest payments will rise.
Demosthenes Davvetas, an assistant counselor to the prime minister and professor of art and philosophy at New York College here, said there are two sides to the Greek dilemma: "On one side we say we are making sacrifices for a better life, but on the left are people who do not believe in free markets. They look to the state to take care of everything."
Some also blame Germany for lending Greece money in past decades that they knew Greece could not repay. Others say Germany owes more than $100 billion in reparations for its occupation of Greece in World War II.
In early April the Euro zone financiers agreed to release 8.3 billion euros in rescue loans to Greece. It was a sign Europe believed Greece is emerging from its crisis.
But for the ordinary people looking for work in Athens and elsewhere, recovery will take a long, long time.
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Greece to end exile on bond markets as thousands protest
Greece announced Wednesday its return to the debt markets after a four-year absence on the same day as protestors launched the first anti-austerity strike of the year, crippling key services across the country. While up to 20,000 people demonstrated in the streets of the capital Athens and second city Thessaloniki, disrupting rail and ferry services and causing government offices to close ...
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Greece returns to bond market for 1st time since debt crisis
Greece announced Wednesday it was returning to international bond markets for the first time in four years amid growing signs of confidence in the country at the forefront of Europe's debt crisis. The finance ministry said it had instructed international ...
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Greek return to financial markets attracts flock of investors
First sale of government bonds since eurozone crisis flared up brings than 11bn of bids despite first general strike of 2014
Greece will make a successful return to the financial markets on Thursday after investors flocked to its first sale of government bonds since the eurozone crisis flared up four years ago.
There was strong demand for a new five-year bond, despite the country being gripped by its first anti-austerity general strike of 2014. By early evening Athens had received more than 11bn (£9bn) of bids, pushing down the interest rate it will pay on the debt at Thursday's sale towards just 5%.
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Beware a heady bond market rush in Athens
Washington PostBeware a heady bond market rush in AthensFinancial TimesAnybody – whether householder, businessman or government debt manager – who has not taken advantage of historically-low interest rates to raise capital or refinance borrowings may have squandered a never-to-be-repeated opportunity. Greece does not ...Greece To End Its Bond Market Exile On Thursday- SourcesFox BusinessGreece to return to capital markets in bid to prove financial healtheuronewsGreece returns to debt markets with five-year bondBBC NewsNew York Times -Reuters -Businessweekall 386 news articles »
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How does new Greek debt make sense?
How does new Greek debt make sense?MarketWatchThe performance of Greek debt in the past few years has been nothing short of spectacular, as the 10-year spread over German bunds has fallen from +3718 bps on March 9 2012 to +457 bps at the end of last week. This has happened even as the nation has ...and more »
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Greek-American Killed in Canarsie Crash
BROOKLYN – Nikon Vouyiouklis, 60, was turning from Remsen Avenue onto Glenwood Road in Canarsie, Brooklyn just before 5 AM when an Infiniti G-37 heading south on Remsen smashed into his Toyota Camry, police reported. The Valley Stream, Long Island man died after his car was struck by an alleged drunken driver. The drivers of […]
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Guess What? Greece Is Finally Starting to Recover
Guess What? Greece Is Finally Starting to RecoverMother JonesGreece is undergoing an astonishing financial rebound. Two years ago, the country looked like it was set for a messy default and exit from the euro. Now it is on the verge of returning to the bond market with the issue of 2 billion euros of five-year ...Greece΄s exit to the markets dominates in foreign mediaCapital.gr (press release)all 2 news articles »
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Some Investors Wary of Greek Debt Sale
Greece looks set to snag a cheap deal at its highly anticipated post-bailout return to the bond markets, but for some investors the country's debt crisis is too fresh in the mind to dive in.
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Greece to issue five-year bond
Greece says it will return to long-term debt markets with a five-year bond issue, as thousands take part in a 24-hour strike over austerity measures.
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Greece Grinds to a Halt Amid Nationwide 24-hour Strike
Greek ReporterGreece Grinds to a Halt Amid Nationwide 24-hour StrikeGreek ReporterUnions representing private sector workers and state employees in Greece launched a 24-hour nationwide general strike on Wednesday against the austerity measures put through by the government. Called by Greece's umbrella unions ADEDY and GSEE, ...and more »
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Greece returns to bond markets with 5-year bond, while unions hold general strike
ATHENS, Greece (AP) — Greece announced Wednesday it was returning to international bond markets for the first time in four years amid growing signs of confidence in the country at the forefront of Europe's debt crisis. The finance ministry ...
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Greek F-16s harass Turkish helicopter over Aegean Sea
The military announced on Wednesday that a Turkish helicopter was placed in radar lock six times by Greek F-16 jets. In a statement issued on its website, the military said a Turkish S-70B helicopter was put under radar lock by two Greek F-16s six times.
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As thousands strike, Greece announces return to bond market
CTV NewsAs thousands strike, Greece announces return to bond marketCTV News... Updated Wednesday, April 9, 2014 10:35AM EDT. ATHENS -- Greece announced Wednesday it was returning to international bond markets for the first time in four years amid growing signs of confidence in the country at the forefront of Europe's debt crisis.
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Competitors take on history, physical challenges at Greek Feud
Downing Student Union reached capacity in the Greek Feud Competition from 7 to 9 p.m. Tuesday, and superheroes were among them. Somerset senior Lendee Sanchez of Kappa Delta-Delta Gamma chapter at Western Kentucky University, represented her ...
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Young and experienced Greek professionals will have the opportunity to work in ...
Greek ReporterYoung and experienced Greek professionals will have the opportunity to work in ...Greek ReporterThe Hellenic Initiative is a global, non-profit and non-governmental institution, whose mission is to mobilize the Greek Diaspora and philhellenic community to invest in the future of Greece, through various programs that focus on addressing the crisis ...
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Greece To Issue First 5Y Bond Since Bailout At Lowest Yields Since 2009
Source: www.zerohedge.com - Wednesday, April 09, 2014 For the first time since the bailout/restructuring, Greece will issue long-term debt to the public markets. These 5 year-term English Law bonds (which is entirely unsurprising given the total lack of protection local-law bonds suffered during the last restructuring) are expected to yield between 5 and 5.25% . That is modestly higher than Russia, below Mexico, and one-sixth of the yield investors demanded when the crisis was exploding. The secondary market has rallied to this entirely liquidity-fueled level leaving onlookers stunned (and likely Draghi et al. also). Greece must be 'fixed' right? Just don't look at the chart below... Greece is rated Caa3 by Moody's Investors Service and B- by Standard & Poor's Corp. and Fitch Ratings. The commotion is US capital markets over huge IPO gains which are due more than anything to very small floats and major 'get rich quick' demand can also be found here as the issuance size is minimal leaving a world of yield chasers spying a European nation offering yields over 5% that is currently not rioting... Claims that is the best example of positive sentiment and of a new normal are foolish - if nothing else, this is a sign of utter complacency and exuberance. As WSJ reports , Greece is anything but fixed... Even with the prospect of a recovery in sight, Greece's economy is still in pain. Since its precrisis peak in 2008, the Greek economy has shrunk by a quarter in size, unemployment is at aAll Related
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Lenten Recipe 31: Briam
Briam I remember the first time I tasted briam. I was a student in Greece and we were traveling in Nafplion. We went to a small taverna and their specialty was briam. A friend urged me to try it and when I did, I thought that I might be able to become a vegetarian. The […]
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The Most Conspicuous Example Of Improving Sentiment In The Crisis-Riddled Eurozone
Greece has been the epicenter of the eurozone debt crisis. And its ongoing economic depression is highlighted by the fact that a quarter of its workforce still lines up at the unemployment office.
However, there are more and more signs that things are turning around in Greece.
"Greece has been the most conspicuous example of the dramatic improvement in sentiment towards the eurozone periphery," said Nicholas Spiro, managing director of Spiro Sovereign Strategy. "Markets have gone from being paranoid to complacent in a very short period of time, with the recent sell-off in developing economies playing into the hands of debt managers across the eurozone periphery."
Spiro's comments come in the wake of reports that Greece will soon re-enter the bond markets after being shut out for four years. Economic contraction made the country's crushing debt load increasingly onerous to finance.
"Greece, which has been bailed out twice by the European Union and the International Monetary Fund since 2010, aims to raise up to 2.5 billion euros, expects strong interest from investors and is optimistic it will succeed, one government official told Reuters on condition of anonymity," reported Reuters Alex Chambers and Lefteris Papadimas.
Below is the roundtrip the Greek 10-year yield, surging to crisis-level interest rates and then collapsing to more normal levels.
SEE ALSO: Wall Street's Brightest Minds Reveal THE MOST IMPORTANT CHARTS IN THE WORLD
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6 Jail Guards in Custody for Albanian Prisoner’s Death
Six out of the eight prison guards from Nigrita prison, in northern Greece, who on Tuesday appeared before the Greek court and apologized
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Greece to Fire Thousands of State Workers
Greece’s Minister of Administrative Reform, Kyriakos Mitsotakis, said on Wednesday that the government will proceed with the dismissal of thousands of civil servants
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Ex-Minister Papantoniou and Wife Released on Bail
Former Greek Defense Minister Yannos Papantoniou, accused of falsely declaring his wealth – a first-degree felony – was released on 100,000 euros
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Chinese Couples to Wed En Masse in Crete
Every year, many couples from China choose Greece, and especially the island of Crete to get married. This year, in late April,
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Greece Readies First Bond Since 2010
Just a couple of days after Finance Minister Yannis Stournaras said the government wasn’t ready to issue its first long-term bond in
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NY Greek yogurt makers urged to apply for extended USDA pilot
Schumer, a New York Senator and Greek yogurt advocate, revealed late last week that the US Department of Agriculture (USDA) will issue a Request for Proposals (RFP) on 20 May for Greek yogurt manufacturers seeking to supply the enlarged Greek Yogurt Pilot ...
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Greece is set to return to the bond markets for the first time in four years
SFGateGreece is set to return to the bond markets for the first time in four yearsBalkans.com Business NewsGreece is set to return to the bond markets for the first time in four years, a key signal that its crisis-hit economy is welcomed once more by investors. "Greece is back," analysts at Credit Suisse proclaimed. After a gruelling austerity program under the terms of ...Greece in no rush to tap bond markets, finmin saysReutersall 190 news articles »
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Has Greece broken free of crisis mode?
The danger is that a rush of capital market success distracts from essential reforms such as overhauling a bloated public sector and improving tax collection
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Greece starts marketing new bond; will US investors dominate?
Greece's announcement that it is taking indications of interest for a five-year benchmark-sized euro-denominated bond just as the US bond market opened supports widespread speculation that US investors will feature prominently in the landmark transaction. "I am a happy holder of Greek debt.
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Taking the red pill, Greece edition
MarketWatch (blog)Taking the red pill, Greece editionFT Alphaville (registration)If Greece instead borrowed the €2bn from the official creditors who already own four-fifths of its debt, it wouldn't actually be free money. But it would be much cheaper than the likely 5 per cent coupon on this bond. The difference in interest ...Greece returns to bond markets – but buyer bewareMarketWatch (blog)all 4 news articles »
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A Greek Doctor Who Helped Immigrants in Australia
Georgios Sakellariou was a refugee and he never let himself forget it. He worked as a doctor well into old age providing the immigrants and refugees of Australia with his services. He was born in 1924 on the banks of Danube in Romania to Greek ...
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Greece Says It Has Instructed International Banks to Issue 5-Yr Bond in 'Immediate Future'
Greece says it has instructed international banks to issue 5-yr bond in 'immediate future'
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The new Wisden Almanac, and the great Ancient Greek cricketing XI of Theseus ...
Telegraph.co.uk (blog)The new Wisden Almanac, and the great Ancient Greek cricketing XI of Theseus ...Telegraph.co.uk (blog)The new Wisden, which I haven't yet got, has an article by the winner of the almanac's second writing competition, Liam Cromar, who has devised a Shakespearean XI. Michael Billington, writing in The Guardian, thinks Mr Cromar “guilty of dodgy selection ...
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Greece expected to bring five-year euro bond on Thursday
Washington PostGreece expected to bring five-year euro bond on Thursday - sourcesReutersLONDON, April 9 (IFR) - Greece is lining up a euro five-year bond sale to take place on Thursday, according to three sources. Two market sources and one government source said that the book for the transaction would open on Thursday. The government ...Greece prepares sale of five-year bondFinancial TimesGreece: Master of SuspenseWall Street Journal (blog)Greece raises €1.3 billion amid bond speculationRTE.ieBalkans.com Business News -Bloombergall 169 news articles »
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Greece launches sale of five-year bond
Athens is preparing a return to borrowing money on the international markets for the first time since the eurozone crisis began
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Greece Buoyed By Falling Interest Rates, Recovery Hope Prospects
Greece is regaining "lost credibility" shredded after the economic crisis, making a return to the bond markets possible for the first time in four years, the minister in charge of a massive public sector overhaul said. Administrative Reform Minister Kyriakos Mitsotakis painted an image of a country turning the corner on its troubles and as borrowing fates have fallen.
The post Greece Buoyed By Falling Interest Rates, Recovery Hope Prospects appeared first on The National Herald.
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