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How the world sees Greece
Monday, April 14, 2014
Passenger train stoppages suspended in view of Easter travel
Workers at Greece’s national railway service, Trainose, on Monday suspended two three-hour stoppages that would have affected passenger train schedules Tuesday and Wednesday with the aim of facilitating Easter holiday travel.
However, 24-hour rolling stri... ...
Key suspect in bank blast tied to armed raids
Police investigating a car bomb explosion outside the Bank of Greece last Thursday believe the prime suspect behind the attack – Revolutionary Struggle leader Nikos Maziotis – might have been involved in two armed robberies in the Peloponnese last month, ... ...
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Series of surpluses just started
Greece’s primary budget surplus last year came to 3.38 billion euros, according to figures that the Hellenic Statistical Authority (ELSTAT) forwarded on Monday to Eurostat, which is set to confirm the data on April 23, paving the way for the adoption of e... ...
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Share capital increases of National, Eurobank take their course
The National Bank of Greece board is meeting on Tuesday to confirm the plan for the coverage of the lender’s capital requirements and for its share capital increase. Sources say that the increase will amount to about 2.5 billion euros and be supplementary... ...
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IMF calls for more structural reforms
Structural reforms are the way out of the financial crisis for Greece, according to the International Monetary Fund, whose Managing Director Christine Lagarde said that «the journey is not over, there are still more structural reforms to implement and ple... ...
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Has Greece Returned To Former Glory?
Has Greece Returned To Former Glory?BenzingaAfter five years of severe recession and declining credit worthiness, Greece's improving macroeconomic data has created a more reliable environment for investments. Reflecting that improvement, people are again depositing their money in Greek financial ...and more »
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Greek tourism arrivals up 15.5 pct in 2013
Tourist arrivals in Greece increased by 15.5 percent in 2013, the state statistics agency said Monday, a year when the country stabilised its shaky economy and avoided a messy exit from the euro. Overall, there were over 17.9 million arrivals between ...
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SYRIZA Infighting Over Candidates
With next month’s critical elections for Greek municipalities and the European Parliament on the horizon, the country’s major opposition Coalition of the
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Town of Greece to make upgrades to police department
Town of Greece to make upgrades to police departmentNews 10NBCThe Town of Greece is planning to make some upgrades to its police department and it is all in the name of keeping you safe in the 21st Century. At an event Monday morning, Greece Town Supervisor Bill Reilich said the plan is to bring a new police ...Greece takes back 4th of July festivitiesRochester Democrat and ChronicleJuly Fourth at Greece Town HallWXXI Newsall 4 news articles »
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It's time for European investments in Greece, says German industry
EurActivIt's time for European investments in Greece, says German industryEurActivAfter Greece's successful return to the bond market last week, the time has come for European investment in the debt-ridden country, according to the Federation of German Industries. EurActiv Greece reports. Greece returned to the bond market last ...
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Further selling pressure on Greece's new five-year bond
Greece was one of the few markets in which yields rose on Monday, as investors booked profits on the strongest bond rally in the eurozone this year.
Ten-year yields added 16 basis points to hit a day’s high of 6.47 percent on Monday.
There was further sel... ...
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Bourse index drop to lows unseen since Jan. 31
Greek stocks recorded major losses on Monday as the local market continued to slide for an eighth trading day in a row after the week started with more volatility than expected and declining international markets weighed on their Athens counterpart. A reb... ...
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Four Nigrita prison guards bailed, protests held in Albania
Four guards from Nigrita Prison in northern Greece were bailed Monday after giving depositions in connection to the torture of Albanian inmate Ilie Kareli – aka Kudret Kume – who later died.
The four were banned from leaving the country and ordered to vis... ...
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ECB funding to Greece drops anew in March
European Central Bank (ECB) funding to Greek banks fell further in March, according to figures released by the Bank of Greece on Monday.
ECB funding to Greek banks fell to 57.81 billion euros at the end of March from 59.42 billion euros the previous month... ...
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A Tarpon Springs Mob Tale or Libel?
Greeks in the United States are now engaged in a unique preservation project. Unconnected from one another individuals and communities around the nation are expending enormous energy to locate and somehow preserve past records and documents of the Greek experience in North America. No one is asking why this movement is taking place. Yet none […]
The post A Tarpon Springs Mob Tale or Libel? appeared first on The National Herald.
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Greek far-left names candidates for European elections
EurActivGreek far-left names candidates for European electionsEuropean VoiceSyriza, the Greek far-left party headed by Alex Tsipras, yesterday (13 April) announced 42 candidates for the European Parliament elections. Tsipras is also the far-left pan-European GUE group's nominee to become the next president of the European ...New party shakes Greek political sceneEurActivGreek ruling conservatives, Left opposition neck and neck in polls ahead of ...Shanghai Daily (subscription)New party seeks to shake up Greek politics, says founderGlobalPostall 9 news articles »
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Arms Bribery Suspect Returns €2.5m to Greek State
Greek businessman Panayiotis Efstathiou, a key suspect in the German arms bribery scandal, has returned about 2.5 million euros to the Greek state. According to his attorney Michalis Dimitrakopoulos, Efstathiou deposited 2,552,435 euros in accounts of the ...
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Greek Week Convocation
Greek Week ConvocationBowling Green Daily NewsCurrent president of Alpha Delta Pi, Bennett Peck, a Hopkinsville junior, chants her sororityÕs song while holding the Karen Towell Sisterhood Award, the highest achievement of sisterhood in the Greek community at Western Kentucky University, on Sunday ...
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Cafe in Greek Parliament fined for breaking anti-smoking law
The owner of the cafe in Greece’s Parliament has been fined 600 euros for breaking the anti-smoking law.
A check revealed that the cafe did not have a complaints book where non-smokers could record instances of people smoking in the establishment.
The che... ...
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Driving Greece’s growth and prosperity through CETA
The agreement in principle of a free trade deal between Canada and the European
Union (EU) sets a new gold standard for international trade agreements. The Comprehensive Economic and Trade Agreement (CETA) promotes the free movement of goods, services, in... ...
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Should Greece Default After All? A Case Is Made
Despite floating a bond and achieving a primary surplus, Greece's economic recovery may be a mirage and default may be the best way out.
The post Should Greece Default After All? A Case Is Made appeared first on The National Herald.
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Côté Mas Cremant Brut Rosé: with Ladera
As the weather gets warmer and outdoor dining becomes more frequent, Ladera, a lighter, often completely vegetarian array of Greek dishes hit the spot perfectly. And an ideal wine to complement your favorite Ladero dish is Côté Mas Cremant Brut Rosé. Pairing this tasty rosé sparkler with briam, gemista, or virtually any Ladero will get […]
The post Côté Mas Cremant Brut Rosé: with Ladera appeared first on The National Herald.
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Eventsy – Instant Social Life for NY’ers
NEW YORK – New Yorkers would rather be in “The City” than any other place on earth, but they are also the busiest people on the planet. They know that the rich social life Manhattan promises doesn’t just happen, yet they don’t have time two track down and pick among the dazzling away of venues […]
The post Eventsy – Instant Social Life for NY’ers appeared first on The National Herald.
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Nine Years without Archbishop Iakovos
At about 6PM on April 10, 2005 Archbishop Iakovos took his final breath, in a simple suburban hospital room in Stamford, CT. He was 94. The child from the village of Agios Theodoros on the island of Imbros became a great – perhaps the greatest – leader of the Hellenic Diaspora. A leader who […]
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Baltakos Moots New Democracy – Golden Dawn Merger
Former Greek cabinet secretary Panayiotis Baltakos, who was forced to resign over a video showing him in friendly talks with a Golden
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New Iraklio Airport Aims to Open 2018 With Low Fees
The new airport at Kastelli in Iraklio, Crete is expected to start operating within four years and to avoid high charges, Greek
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Kavala, Greece To Host CERN Computer Summer School
The computer school of the European Organization for Nuclear Research, better known by its French acronym CERN, will set up at the Kavala
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Forest Fires In Chile's Valparaiso Leave At Least 12 Dead, 2,000 Homes Destroyed
VALPARAISO, Chile (AP) — Firefighters struggled for a second night early Monday to contain blazes that have killed 12 people, injured 500, destroyed 2,000 homes and forced 10,000 people to flee the densely populated hills that gave this Chilean port city its unique beauty.
Fires they thought were contained 24 hours after they started Saturday kicked up again with Sunday afternoon's winds and raged out of control, threatening more neighborhoods. With no municipal water or fire hydrants to use, routes to the blazes blocked by narrow streets jammed with abandoned vehicles and countless embers being stoked, fire crews could do little but watch some neighborhoods burn.
From the sky, 20 helicopters and planes were mobilized to drop water on hotspots, but Chile's national emergency office said the battle was far from won.
"This won't be extinguished, not today nor tomorrow," the office tweeted after issuing a new alert when fires kicked up again Sunday afternoon.
The blaze began in a forested ravine next to ramshackle housing on one of Valparaiso's 42 hilltops, and spread quickly. Hot ash rained down over wooden houses and narrow streets. Electricity failed as the fire grew, turning the night sky orange and reducing neighborhoods on six hilltops to ashes.
Schools were closed Monday in the city, since some were damaged and others were overflowing with evacuees.
President Michelle Bachelet toured the shelters and canceled this week's trip to Argentina and Uruguay, ordering her ministers to meet with her Monday morning to explain their responses. "It's a tremendous tragedy. This could be the worst fire in the city's history," she said.
Valparaiso is a picturesque oceanside city of 250,000 people surrounded by hills that form a natural amphitheater. The compact downtown includes Chile's congress and its second-largest port. But most of the people live in the hills, and the city owes its status as a UNESCO World Heritage Site to their colorful homes, built on slopes so steep that many people commute using staircases and cable cars.
But what's beautiful in postcards can be dangerous for those who live there: Many people have built on land not fit for housing, and entire communities lack municipal water connections.
"We are too vulnerable as a city. We have been the builders and architects of our own danger," Valparaiso Mayor Jorge Castro said Sunday in an interview with Chile's 24H channel.
The fires destroyed at least 2,000 houses by Sunday evening, and the death toll rose to 12, Interior Minister Rodrigo Penailillo said. Three of the 12 victims were identified, and the others are so badly burned that DNA tests will be done, the national forensics service said. More than 500 people were treated at hospitals, mostly for smoke inhalation.
It was already the city's worst fire since 1953, when 50 people were killed. Bachelet declared the entire city a catastrophe zone and put the military in charge of maintaining order. Some 1,250 firefighters, police and forest rangers battled the blaze while 2,000 sailors in combat gear patrolled streets to maintain order and prevent looting.
Chile's emergency response system generated automatic phone calls to each house in danger as the mandatory evacuations expanded. Many people stuffed their cars with possessions after getting these calls, and streets quickly became impassible. Water trucks and firefighters were stuck downhill as people abandoned their vehicles and ran. Some carried television sets and others took canisters of natural gas, fearing an explosion if flames reached their homes.
Shelters were overflowing.
"I had to flee when I saw the fire was coming down the hill," said Maria Elizabeth Diaz, eight months pregnant and trying to rest with her two sons at Valparaiso's Greek School. "I lost everything. Now I've been ordered to rest because I was having contractions. My little one knows that he can't arrive quite yet."
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Associated Press Writers Marianela Jarroud and Eva Vergara contributed from Santiago, Chile.
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Greece sells $4.2-B bonds, plans more
Athens – Greece will issue more bonds after last week’s successful five-year debt sale that ended a four-year drought, the head of the debt agency said on Sunday. “The bond sale was just the first step,’’ Stelios Papadopoulos, head of the public debt management agency (PDMA) told Kathimerini daily. Greece on Thursday raised 3.0 billion […]
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Greece 3-1 Romania
Greece took a big step toward qualifying for Brazil as Kostas Mitroglou scored twice in a 3-1 play-off first-leg win over Romania, a game that saw three goals scored in six first-half minutes. Dimitris Salpingidis picked out Mitroglou, who leapt to get his left foot to the ball in the 14th minute. Gabriel Torje then set up the equaliser in the 19th minute with a free-kick that Bogdan Stancu met ...
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How Some Greek Geeks Are Boosting Civic Engagement In Harsh Times
How Some Greek Geeks Are Boosting Civic Engagement In Harsh TimesForbesCan civic engagement platforms help a nation come out of its worst crisis in at least a century? Not alone – for sure. Greece's economic crisis, fuelled by the financial bounds imposed by the European Commission, is so deep and harsh that no technology ...
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Four Nigrita jail guards bailed over inmate's fatal torture
Four prison guards from Nigrita jail in northern Greece were bailed on Monday after giving their depositions in connection to the deadly beating suffered by inmate Ilie Kareli.
Six prison guards have been remanded in custody, while a total of six have bee... ...
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Independent Greeks' candidates for EP elections include Facebook volunteers
Independent Greeks MP Notis Marias is the latest lawmaker to announce that he is giving up his seat in Parliament to run in the European elections.
Marias’s announcement came as the right-wing party announced its candidates, including Marias, for the May ... ...
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Arms bribery suspect Efstathiou pays 2.5 mln into public coffers
One of the key suspects in a probe into briberies paid to Greek officials to secure the sale of defense equipment has deposited 2.5 million euro in the country’s coffers.
Panayiotis Efstathiou, the 83-year-old former representative of German firm Atlas El... ...
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Poll Puts New Democracy Back On Top
Prime Minister Antonis Samaras' New Democracy has taken a razor-thin lead in polls over the SYRIZA Leftists for the European Parliament.
The post Poll Puts New Democracy Back On Top appeared first on The National Herald.
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National Bank of Greece moves ahead with share sale plan
Channel News AsiaNational Bank of Greece moves ahead with share sale planReutersGreece's biggest lender, which must plug a 2.18 billion euro ($3.03 billion) capital shortfall under the terms of the country's international bailout, has picked Goldman Sachs (GS.N) and Morgan Stanley (MS.N) as global coordinators for the equity ...National Bank of Greece Planning EU2.1 Bln Capital BoostBloombergSector Update: Financial Shares Lower Pre-Market; National Bank of Greece ...NASDAQNational Bank of Greece (NBG) Slumps on Plan to Raise Share CapitalStreetInsider.com (subscription) (blog)Channel News Asiaall 35 news articles »
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Greek Primary Budget Surplus Surpasses Target
Greek Primary Budget Surplus Surpasses TargetWall Street JournalThe figure surpassed the government's target of €878 million. Under pressure from international creditors, Greece has been slashing spending and boosting revenue to tidy up its finances but at a huge cost for the economy. Greek gross domestic product ...and more »
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2,000 Greek Civil Servants Stashing Money Overseas
Slowly but surely, an investigation into some 54,000 money transfers from crisis-stricken Greece to foreign banks during the economic recession has identified
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Greek Railworkers’ Strike To Disrupt Easter Travel
Major travel disruption is expected in Greece over Easter, when rail workers will proceed with a series of strikes. The Panhellenic Federation of Railway Workers (POS) has announced three-hour work stoppages for Holy Tuesday and Holy Wednesday and 24 ...
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Greece posts 1.6 bln euro primary budget surplus in Jan-Mar, beats target
Greece posts 1.6 bln euro primary budget surplus in Jan-Mar, beats targetReutersATHENS, April 14 (Reuters) - Greece's central government posted a primary budget surplus, before interest payments, of 1.6 billion euros ($2.22 billion) in the first quarter, widening by more than three times from the same period last year, Deputy ...and more »
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The Greek miscalculation
The Greek miscalculationThe Economist (blog)REPUTATIONALLY speaking, the European Union has had better moments (though Russia is doing its best to restore the appeal of linkages to the west). Thanks to the crisis in the euro zone, many of the EU's economies remain mired in near-recession ...
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National Bank of Greece tumbles on reported equity sale
National Bank of Greece tumbles on reported equity saleSeeking AlphaMoving ahead with a capital raise, reports Reuters, National Bank of Greece (NBG) has hired Goldman Sachs and Morgan Stanley to handle an equity offering of up to €2.5B - roughly the size of the capital hole to be filled under terms of Greece's bailout.
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Eight arrests in two major drugs busts in Greece
Two people have been arrested in Athens after police found some 60 kilos of heroin buried in Aspropyrgos, west of the capitals.
The arrests were carried out by the police’s anti-drugs squad. More details are expected later on Monday.
The arrests come afte... ...
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Number of people visiting Greece in 2013 rose 15.5 pct, data shows
There was a 15.5 percent increase in visitor arrivals last year compared to 2012, according to the Bank of Greece’s border survey.
There as a 13.9 percent rise in arrivals from Europe, which accounted for 88.1 percent of total visitor numbers.
Germany pro... ...
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Greek deficit at 12.7 pct of GDP in 2013, debt at 175.1 pct
Greece’s general government deficit reached 23.1 billion euros or 12.7 percent of gross domestic product in 2013, according to figures published by the Hellenic Statistical Authority (ELSTAT) on Monday.
This was Greece’s largest deficit since the crisis b... ...
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Greek Real Estate Prices Plummet as Properties Sit Empty
Bank of Greece data has revealed overtaxation of properties and lack of demand have resulted in almost 250,ooo properties being unsold in Greece, dragging house prices by 40%. However, real estate market experts believe that buyers can even find ...
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A 50-Year Greek Loan Payback Seen
EU officials are reportedly set to extend Greece's repayments on 240 billion euros in two bailouts up to 50 years and lower interest rates.
The post A 50-Year Greek Loan Payback Seen appeared first on The National Herald.
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Greek Cypriot archbishop rejects Turkish Cypriot state
Chrysostomos II, the archbishop of the Greek Cypriot administration of southern Cyprus, said that it did not matter whether or not Turkey recognized his country while speaking on a local radio station. The Greek Orthodox archbishop said ‘The entire world ...
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Greece's NBG hires Goldman, Morgan Stanley to manage share offering-source
Greece's NBG hires Goldman, Morgan Stanley to manage share offering-sourceReutersATHENS, April 14 (Reuters) - Greece's largest lender National Bank has picked Goldman Sachs and Morgan Stanley as global coordinators for a planned equity offering to plug its 2.18 billion euro capital shortfall, a senior banker familiar with the issue ...
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Financial Times: Now is the Time for Greece to Default
Although the return of Greece to the international bond market has been widely trumpeted as a success, the Financial Times wonders whether it is a good time for the country to default on its foreign debt. According to the paper, the Greek economy is not ...
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