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How the world sees Greece
Saturday, April 26, 2014
Panathinaikos wins Greek Cup on a Berg hat trick
Sweden’s Marcus Berg scored a hat trick as Panathinaikos beat PAOK 4-1 in the final of the Greek Cup to claim its first trophy since 2010 in a gripping game at the Olympic Stadium of Athens on Saturday.
The Greens showed more determination in their game, ... ...
Lynn-Archdiocese Dispute Resolved
BOSTON, MA – The dispute which had arisen about three years ago between the historic parish of St. George in Lynn, MA with the Archdiocese and the Metropolis of Boston, about the annual amount of financial contribution to the Archdiocese, has been resolved. Rev. George Tsoukalas, St. George’s presiding priest for the last 18 years, […]
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Samaras Plans New Reshuffle, Stournaras to Bank of Greece Helm
With the hope an economic recovery will begin, Prime Minister Antonis Samaras is reportedly planning yet another Cabinet shakeup that will see Finance Minister Yannis Stournaras, who guided Greece through tough negotiations with international lenders, taking over the coveted job as chief of the Bank of Greece. Stournaras would replace George Provopoulos, whose term expires in mid-June. Provopoulos had recently said he wanted to keep the position.
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Panathinaikos win violence-marred Greek Cup final
Swedish striker Marcus Berg scored a hat trick and Nikos Karelis added another goal to lead Panathinaikos to a 4-1 violence-hit Greek Cup final victory over PAOK Saturday. PAOK's lone goal was scored in the second half by Serbian midfielder Zvonimir Vukic ...
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Panathinaikos beats PAOK 3-1 in Greek Cup final
The StatePanathinaikos beats PAOK 3-1 in Greek Cup finalThe StateThe supporters were searched and allowed to proceed, 20 buses at a time, to the Athens Olympic Stadium, where the Greek Cup final between soccer clubs PAOK and Panathinaikos is taking place. KOSTAS TSIRONIS — AP Photo. APTOPIX Greece Soccer ...Hot chocolates cause Greek Cup stirKathimerini4000 officers to police Greek Cup finalSacramento Beeall 41 news articles »
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Turkish military: Air force jet was harassed by Greek jet
DigitalJournal.comTurkish military: Air force jet was harassed by Greek jetDigitalJournal.comWorld Bulletin quotes the Turkish General Staff statement which tells us that the Greek jets were performing military training exercises in international airspace over the Aegean Sea. Turkey claims that the Greek Air Force has also "harassed" its jets ...Turkey's military says Greece 'harassed' Turkish jetwww.worldbulletin.netall 2 news articles »
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Two arrested over debts to state
A 54-year-old businessman in Volos, central Greece, faced a prosecutor after being arrested on Friday for allegedly owing the state nearly 4.5 million euros in unpaid taxes. According to the police, the businessman allegedly owes the state 4,489,695.36 eu... ...
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Parliament employees get 1.35 million euros in benefits for Easter
Greek Parliament employees reportedly received the sum of 1.35 million euros in benefits over Easter, it was revealed over the weekend.
According to reports, the benefits were released to the parliamentary staff fund via the House budget.
These payments a... ...
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Blast on Russian-flagged ship leaves two injured near Volos
Two Russian nationals were seriously injured following an explosion on board a cargo ship docked at Amaliapoli near Volos, central Greece, on Saturday.
Initial reports suggested that the incident occurred on board the Russian-flagged Nakhodka following an... ...
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EU Report Warns Greece of €14.9bn Financing Gap
Greece will still need an additional €14.9bn in financial help through next year despite its successful return to bond markets this month and regardless of the nation logging a primary budget surplus in 2013, according to a report. The EU report on ...
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TrainOSE to Resume Thessaloniki’s Train Linking with the Balkans
TrainOSE, the operating arm of the Hellenic Railways Organization (OSE), will resume services linking northern Greece to Skopje, Belgrade and Sofia on
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Greece Gives Political Parties €7m for Euro Parl Campaign
A total of seven million euros will be shared among Greece’s political parties for the European Parliament elections. The Party Committee met Friday at the Interior Ministry and said the half the funds will be distributed based on the results of ...
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Hoop Screams: Olympiakos, Panathinaikos Bounced
Two-time defending champion Olympiakos and its Greek league arch-rival Panathiniakos were bounced out of the Euroleague quarter-finals on April 25 after coming back from 2-0 deficits to tie their best-of-five series. Olympiakos was beaten 83-69 in Spain by Real Madrid, making a game of it. It was a rematch of last year's final won by the Greek team, 100-88. Panathinaikos, the 2011 champion, was destroyed 74-44 in Russia by CSKA Moscow in a humiliating rout.
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Golden Dawn Probe Links Cops
The probe into Greece's ultra-far right Golden Dawn party is looking for a connection between the extremists and police, many of whom are believed to be sympathizers.
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Greece’s Laiki Markets Plan Strike
Farmers who conduct Greece's popular open air markets said they will begin an open-ended strike on April 28 to protest changes to legislation on how the markets are managed.
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Greek man extradited to Cyprus to face drugs charges
Greek man extradited to Cyprus to face drugs chargesCyprus MailA Greek national was extradited to Cyprus on Friday night in connection with drug trafficking charges, following a request by the Cypriot authorities, police said. A police spokesman confirmed that the man was arrested in Greece on February 16, 2014 ...
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Greece Plans Tighter Furlough Rules
The Greek government is planning tougher conditions for furloughs for hardened criminals, after two vanished and said they'd return to violence.
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Seven injured in earthquake on Greek island of Kefalonia
Western Greek island experiences 6.1-magnitude quake with dozens of aftershocks, and it is unclear whether worse is to come Schools were ordered to close and a state of emergency was declared on the Greek island of Kefalonia on Monday after an earthquake damaged homes and injured at least seven people. Hundreds of the island's residents slept in their cars after a quake listed by the US ...
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The Opinion of Greeks Towards Cheating, Gambling & Homosexuality
The Pew Research Centre conducted an international survey in 40 countries concerning eight topics often discussed as moral issues, which are extramarital affairs,
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Greece: There have been 14 demos a day
Greece Public Order Ministry says over the past four years an average of 14 protests a day has been recorded in the country. The ministry said in a recent statement that Greek police have also crushed twenty thousand demonstrations since 2010. The Greek ...
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Greece: upgrade by Moody's soured by row with lenders
Greece is at loggerheads with the troika of lenders EU, ECB and the IMF over cost-cutting reforms and a looming fiscal gap A growing spat between Greece and its lenders has taken the shine off the first good report card the debt-laden country has received from an international rating agency in years, amid mounting concerns over Athens's deteriorating relations with the bodies keeping its economy ...
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Greece: 'They are stealing everything, even our homes'
Greece: 'They are stealing everything, even our homes'Green Left Weekly“I wish I could leave Greece. I can't go on living here. I work very long hours and live more frugally than ever, but I still can't pay the bills, the income tax or the other taxes like the property poll tax. “My tax debt keeps building up. I'll end up ...
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Fatal accident on Ridge Road in Greece
13WHAM-TVFatal accident on Ridge Road in Greece13WHAM-TVAccording to the Greece Police Department, westbound Ridge Road was shut down for several hours after a pick-up truck and garbage truck collided. Police said that the pickup truck driver was heading eastbound and crossed the center median on West ...and more »
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Casino in the Town of Greece?
13WHAM-TVCasino in the Town of Greece?13WHAM-TVGreece, NY - A group of developers from California are in the middle of purchasing the old Odenbach Shipyard and said it would be a suitable site for a casino, among other plans for retail shops and restaurants. Christopher Westfall with Pyramid ...Possible Greece casino?News 10NBCall 2 news articles »
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UCA Breaks Ground on Greek Village
KARKUCA Breaks Ground on Greek VillageKARKCONWAY, AR -- University of Central Arkansas President Tom Courtway, Board of Trustees, administration, faculty, staff, and students broke ground Friday afternoon, on the first phase of UCA Greek Village. The project will include five two-story ...
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Greek cuisine celebrated at food festival
Greek cuisine celebrated at food festivalArab NewsSUN FOOD: Greek Ambassador Ioannis Christofilis, right, with Riyadh Marriott General Manager Muin Serhan, center, at the Greek food festival. (AN photo). RIYADH: RODOLFO C. ESTIMO JR. Published — Saturday 26 April 2014. Last update 26 April 2014 ...
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Advisors Ignoring Federal Employees Are Missing The Boat
FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors.
Advisors Ignoring Federal Employees Are Missing The Boat (The Wall Street Journal)
Many advisors won't consider federal employees as clients because they think they don't have enough money, but Gerald Cannizzaro, a financial planner with Ticknor Atherton & Associates, disagrees. In a new WSJ column, he argues that federal employees have a guaranteed pension, health-care plan, and survivor benefits, and a low risk of losing their job. "It's not uncommon to see longtime federal employees with pensions between $60,000 and $110,000, and [Thrift Savings Plan] TSP plans that contain between $350,000 and $500,000," Cannizzaro writes.
"A smart adviser can save a retiring federal employee up to 25% by hunting for a better long-term care plan than the one offered by the Office of Personnel Management, and you can save them up to 33% on life insurance," he writes. "That's a big incentive for a client to come in and work with you. Additionally, the survivor benefit is a boon to advisers. Advisers know the spouse has this money that they will get. It allows advisers to invest those assets for a longer term."
Judge Dismisses Gender Bias Suit Against Merrill Lynch (Investment News)
New York Supreme Court Judge, Cynthia S. Kern, dismissed a gender bias complaint brought against Bank of America Merrill Lynch by three former employees, reports Mason Braswell at Investment News. The suit filed by Sara Hunter Hudson, Julia Kuo, and Catherine Wharton, former trainees at Bank of America, alleged that they were terminated out of bias in 2009. But the judge argued that it was tied to the firm's decision to cut trainee headcount following the market turmoil.
Investors On The Hunt For Yield Should Be Wary Of These Two Strategies (BlackRock Blog)
Low yields have kept investors on the hunt for income and yield. And this hunt is expected to continue this year and into 2015, writes BlackRock's Russ Koesterich. This is because short-term interest rates in the U.S. are likely to "remain anchored at zero throughout 2014." And there are cyclical ad secular factors like "the tail end of the consumer deleveraging, lower supply of debt, a strong institutional need for high quality bonds, and demographic trends," that will continue to keep long-term rates low.
"In this environment, many investors are still determined to wait out the bond market, believing that rates will eventually normalize and provide investors with a risk-free 5% yield, though this isn’t likely to happen anytime soon," writes Koesterich. "At the same time, others are overreaching for yield by entering ever more speculative fixed income asset classes, such as Greek bonds and leveraged loans, where the risks may not be worth the potential returns." But he argues that investors should be cautious about both strategies.
European economies are starting to recover and it's worth considering if increased optimism on these economies is warranted. Peter Westaway, chief European economist at Vanguard thinks it is because worries about a euro break up are gone. That doesn't, however, mean Europe is problem-free.
While growth is in "positive territory," even in peripheral economies the level of activity is not back to levels seen before the crisis, so there is "an output gap." While deficits are shrinking, overall debt to GDP is still high. While some structural reforms have been pushed through "we’re still a long way from turning Europe into the sort of well-functioning economy it needs to be." The banking system meanwhile is "still a huge area of concern." While Westaway thinks we're on the path to recovery he thinks there's "still risk that things could sort of flip back to where we were before."
We're Not In The Sell In May Camp Yet (FBN Securities)
"Sell in May and go away" is an age-old saying on Wall Street. "The majority of the time the market was unimpressive over those summer months," FBN Securities' J.C. O'Hara said in a note to clients. "The majority of the market's returns were housed in the first model that was long the months into May and the months after September. … As we approach May we are not in the SELL camp yet, but rather acknowledge the fact that a volatile, sideways-moving market is what history implies."
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The Euroleague Final Four will be without Greek clubs
Greek basketball has been knocked off its throne in the Euroleague, as after three consecutive years of domination there will be no teams from this country in the competition’s Final Four next month.
On Friday holder Olympiakos suffered an 83-69 reverse i... ...
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What Does Melaki Mean? – and Other Things My Greek Mama Taught Me
By Dr. Constantina Michalos HOUSTON, TX – The first sentence of “Salvation,” an autobiographical essay by Langston Hughes, immediately raises serious questions. “I was saved from sin when I was going on thirteen. But not really saved.” How could that be? Hughes goes on to explain his revival experience. He has been reassured by his […]
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WATCH: Tourists rescue baby dolphin stranded on a beach in Greece
WATCH: Tourists rescue baby dolphin stranded on a beach in GreeceGlobalnews.caA baby dolphin likely owes its life to a group of tourists who banded together to help rescue the youngster after strong waves caused it to become stranded on shore. Greek and foreign tourists in Rethymno City, Crete, noticed the baby dolphin ...
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Hot chocolates cause Greek Cup stir
A box of chocolates sent to footballer Giorgos Tzavellas sparked a police investigation on Friday in a bizarre reflection of the tension surrounding Saturday's Greek Cup final between bitter rivals Panathinaikos and PAOK. Greek international Tzavellas, who ...
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