Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Thursday, May 15, 2014

PM accuses SYRIZA of undermining Greece, as Venizelos eyes wider coalition

In his most outspoken attack yet during this election campaign, Prime Minister Antonis Samaras accused SYRIZA leader Alexis Tsipras of trying to destabilize Greece as it attempts to exit the crisis. This tirade came as PASOK leader Evangelos Venizelos sug... ...


Economy contracts by just 1.1 pct in January-March

The Greek economy posted its smallest contraction in four years during the first quarter of 2014, shrinking by 1.1 percent against 6 percent in the same period last year, according to data released on Thursday by the Hellenic Statistical Authority (ELSTAT... ...


All insurers to undergo stress tests

The local insurance market is bracing for a challenging summer as the Bank of Greece has decided to force all of the sector’s companies to take part in stress tests to be conducted by the European Insurance and Occupational Pensions Authority (EIOPA) this... ...


Greek Canadian History Project’s exhibition examines Greek immigration in Toronto

Toronto’s Greek community can learn more about its history in the city at an exhibition taking place this week. The Greek Canadian History Project’s (GCHP) exhibition Memory and Migration: A History of Greek Immigrants in Toronto, 1864-2014 is now on ...


Survey Shows High Percentage of Greeks are Anti-semitic

According to an international survey conducted by the US organization Anti Defamation League (ADL), 69% of Greece’s population holds anti-semitic perspectives.   The survey showed that 26% of the international population is anti-semitic. In Western Europe anti-semitic attitudes stand at 24% while in Eastern Europe at 34%. The lowest rates of anti-Semitism were recorded in sub-Saharan Africa (23%), Asia (22%), America(19%) and Oceania (14%). The only countries with higher anti-semitic rates than Greece are the countries of the Middle East and North Africa (74%) given that there is an ongoing war with Israel. The survey showed that Greece is more anti-semitic than Iran (56%) whose former President, Mahmoud Ahmadinejad has denied the Holocaust. In Europe, high rates of anti-Semitism were recorded in Poland (45%), Bulgaria (44%), Serbia (41%) and France (37%). The lowest rates of anti-Semitism among EU countries were recorded in the UK (8%), Netherlands (5%) and Sweden (4%). Eighty-two percent of Greek respondents said that Jews have too much power in international financial markets, 60% of Greeks believe that Jews still talk too much about what happened to them in the Holocaust and 38% claim that Jews are responsible for most of the world’s wars. The poll was conducted in 102 countries among 53,100 individuals between July 2013 and February 2014.


Three Greeks Compete for ‘World Mayor 2014′

The Mayor of Chania, Emmanouil Skoulakis, the Mayor of Peristeri, Athens, Andreas Pachatouridis and the Mayor of Thessaloniki, Yiannis Boutaris will represent Greece in the international competition for the best mayor in the world for 2014. The 2014 World Mayor Project was launched on January 7, 2014. The current long list of 118 candidates includes 19 mayors from North America, 16 from Latin America, 43 from Europe, 24 from Asia, 7 from Australasia and 9 from Africa. More names will be added during the first round of this year’s project, until May 21. Citizens from all continents nominate their preferred candidate who must excel in qualities such as leadership and vision, management abilities and integrity, social and economic awareness, ability to provide security and to protect the environment, as well as the will and ability to foster good relations between communities from different cultural, racial and social backgrounds. The competition aims to reward the mayors who have worthily served and represented their communities in a local, national and international level. The competition is held every two years. In 2012, the Mayor of Bilbao, Spain, IƱaki Azkuna, won the title of the “World Mayor.”


OECD: Greek State Killing Entrepreneurship

Although Greece is trying to return to growth, there are still some inhibiting factors that prevent productivity. Bureaucracy, high taxation and administrative burdens are the three negative factors that destroy entrepreneurship in Greece, says OECD. According to a recent OECD report, 3.3 billion euros worth of burdensome regulations weigh on Greek businesses each year, while a quarter of these could be eliminated. Three-quarters of these costs relate to company law, tax administration and public procurement.  OECD Deputy Chief of Staff Luiz de Mello stated: “This report takes a careful look at what it is costing Greek businesses to comply with rules and regulations which in many cases are unnecessary,” adding that “cutting some of this red tape would enable companies to spend less on administration and more on doing business.” The report makes 87 recommendations for cutting down paperwork in 13 areas, including energy, telecommunications, agriculture and tourism. Many of these recommendations involve eliminating obligations to submit several paper copies of a document or dossier to different public authorities.


Dr. George N. Papanicolaou Feted by HMS

NEW YORK – The Hellenic Medical Society of New York(HMSNY) presented its annual Dr. George N. Papanicolaou Symposium, paying tribute to the renowned scientist whose breakthroughs included the Pap-test, and honoring Dr. Christos Coutifaris, who was the keynote speaker. The event took place at Weill Cornell Medical College, which was also a sponsor along with […]

The post Dr. George N. Papanicolaou Feted by HMS appeared first on The National Herald.


Greek output shrank 1.1% in first quarter

Greece's economy shrank 1.1 percent in the first quarter of 2014 on a 12-month basis, official data showed Thursday, as the country struggles to emerge from recession this year. The figures, unadjusted for seasonal factors, showed output by the bailed-out ...


Greek Socialist leader raises stakes in EU vote

Evangelos Venizelos, head of the Socialist PASOK party, has raised the stakes for the May 25 vote with a series of increasingly sharp warnings about government stability as he faces internal dissent and polls showing the once-powerful party is set to take ...


Greece Faces Uphill Battle to Tackle Crisis

HALIFAX, NOVA SCOTIA (IDN) - Greece faces the unenviable choice between accepting the terms of “the Troika” and facing the continuation and deepening of a socio-economic crises, which includes five years of negative growth, over 23% unemployment, an ...


Greece ETF Tumbles as Bond Yields Surge

Shares of the Global X FTSE Greece 20 ETF (NYSEArca: GREK) are down 4.6% Thursday on news the country will not make a tax on foreign owners of Greek debt retroactive. Yields on Greek 10-year sovereign ...


Greeks Head to Election Polls Discontent and Disillusioned

Greeks Head to Election Polls Discontent and DisillusionedWall Street JournalATHENS—Days before local and European Parliament elections, Vassilis Sotirakos still can't decide whom to vote for—only that it won't be for any party with a shred of power in Greece. Mr. Sotirakos, an unemployed accountant who is traditionally a ...


Bourse suffers biggest decline in 11 months

Ahead of the introduction of its new shares, National Bank’s 10.74 percent drop dragged Greek stocks to their biggest daily decline in 11 months on Thursday, following Standard & Poor’s report on local banks that despite upgrading their credit rating warn... ...


Ship carrying fertilizer slams into harbor

A ship carrying 2,200 tons of fertilizer rammed into the harbor at Nea Moudania, northern Greece, on Thursday. No injuries were reported aboard the Panama-flagged vessel and the crew did not report any damage to the ship’s hull. The 15 crew members are al... ...


Three arrested in Greece as part of global operation against child porn site

A seven-month investigation into child pornography by police in 32 countries has traced 78 people believed to have been trading in hardcore material including three suspects in Greece – two Greeks, aged 25 and 34, and a 47-year-old Bulgarian national – ac... ...


Ahead of Greek Votes, Anger Reigns

Despite signs Greece is starting to turn a corner, many Greeks ahead of key elections are still seething at their elected leaders, whom they blame for steering the country into ruin in the first place.


Tax doesn't have to be taxing, except when it's a Greek bond tax [updated]

Tax doesn't have to be taxing, except when it's a Greek bond tax [updated]FT Alphaville (registration)Also, a 33 per cent tax on non-resident holdings of restructured Greek government bonds for capital gains realised between 29 February 2012 to the end of last year — clarified last month, but in existence for a while — must hurt. After all, these ...Greece denies plan for retroactive tax on foreign bondholdersReutersForeign Holders of Greek Bonds Won't Be Taxed RetroactivelyNASDAQGreek government makes a play for retroactive cap gains tax on Greek debtFXstreet.comWall Street Sector Selectorall 7 news articles »


Petra Petroleum Inc. Signs Lease Agreement With Greek Government for Ioannina Block

Petra Petroleum Inc. is pleased to announce that the Greek Government yesterday signed a Lease Agreement for the Ioannina block with the consortium of Petra Petroleum and Energean Oil & Gas. The contract ...


Turkey Won’t Pay For Cyprus Invasion

Turkey said it won't pay $123 million in damages to Cyprus that was ordered by Europe's top human rights court, and denounced the ruling as the biggest blow to peace talks for the divided island.

The post Turkey Won’t Pay For Cyprus Invasion appeared first on The National Herald.


Greece: Tax on Foreign Holders of Bonds Won't Be Imposed Retroactively

The Greek finance ministry said Thursday a tax on foreign holders of Greek bonds that had caught investors' attention wasn't being imposed retroactively.


Why National Bank Of Greece (NBG) Stock Is Down Thursday

Why National Bank Of Greece (NBG) Stock Is Down ThursdayTheStreet.comNEW YORK (TheStreet) -- Shares of the National Bank of Greece (NBG) are down -12.72% to $3.02 on Thursday after Greece's statistics agency said the country's economy decline -1.1% for the first quarter of 2014 compared to the same period 2013 when ...and more »


Schaeuble did not want a Greek euro exit, finance ministry source tells DW

The German Finance Ministry has denied speculation that Wolfgang Schaeuble wanted to kick Greece out of the eurozone, Deutsche Welle's Greek program reported on Thursday quoting unnamed sources inside the ministry. However, according to the same source, E... ...


Greek Festival kicks off today

Greek Festival kicks off todayGreenville NewsThis marks the 28th year for the cultural festival, and even though he doesn't know how, each brings something a little bit better, says Father Tom Pistolis, of St. George Greek Orthodox Cathedral. “It's a balance,” Pistolis says of creating the ...


Greek government makes a play for retroactive cap gains tax on Greek debt

FXStreet (London) - Greek stocks, as well as the recent 5-year Greek bond issuance, have seen some... For more information, read our latest forex news.


Pope Francis To Be Joined By Rabbi Abraham Skorka And Omar Abboud On Holy Land Trip

VATICAN CITY (AP) - A rabbi and a Muslim leader will join Pope Francis on his upcoming trip to the Holy Land, the first time an official papal delegation has included members of other faiths, the Vatican said Thursday. Francis' two longtime friends and collaborators from his days as archbishop of Buenos Aires, Rabbi Abraham Skorka and Omar Abboud, a leader of Argentina's Islamic community, are on the official delegation for the May 24-26 trip to Jordan, the West Bank and Israel.Rabbi Abraham Skorka gestures as he is interviewed at the Jewish Theological Seminary in New York Wednesday Oct. 30, 2013. (AP Photo/Tina Fineberg) The Vatican spokesman, the Rev. Federico Lombardi, said their presence on the delegation was an "absolute novelty" desired by Francis to show the "normality" of having friends of other faiths. Skorka and then-Cardinal Jorge Mario Bergoglio together wrote "On Heaven and Earth," which explores Jewish and Catholic perspectives on a host of issues. Abboud, meanwhile, was Bergoglio's main Muslim interlocutor as archbishop and recently participated in an Argentine interfaith pilgrimage tracing the key stops of Francis' upcoming tour. Omar Abboud. Francis' main aim during the trip is to mark the 50th anniversary of the historic visit to Jerusalem by Pope Paul VI, the first foreign trip by a pope. During that 1964 visit, Paul met with the spiritual leader of the world's Orthodox Christians, Ecumenical Patriarch Athenagoras, ending hundreds of years of estrangement between Catholics and Orthodox. Francis will meet with the current Ecumenical Patriarch, Bartholomew I, on four separate occasions during his packed three-day visit, including for a prayer service inside the Church of the Holy Sepulcher, one of Christianity's holiest sites where the faithful believe Jesus was crucified and resurrected. Lombardi said that service would in itself be "extraordinarily historic" given that the three main Christian communities that share the church - Greek-Orthodox, Armenian and Roman Catholic - will pray together at the same time. Prayer services at the ancient church are usually separate, with each community jealously guarding its turf and scheduling individual services.


It Is Ugly In Europe

Europe is getting smashed today.

Italian stocks are down 2.5%.

Greece is down 4%.

France and Germany are down, but a bit less.

A few things are going on.

One is that European GDP overall came in weaker than expected. Italy showed an unexpected economic contraction. France is flat-lining. Portuguese growth fell 0.7%. The Greek economy shrank by 1.1%. So suddenly the economic comeback looks fragile.

Peripheral bond yields are shooting higher as well.

Meanwhile, opinion polls in Greece are showing gaining support for both the hard-right and the hard-left parties.

Combine all this with comments last night from hedge funder David Tepper, who expressed nervousness about the market, and you have the recipe for an ugly day.

Join the conversation about this story »


Boycott Wisconsin and Greece, New York

Boycott Wisconsin and Greece, New YorkPravdaSuch is the case in Greece, New York, where the town government came to realize that sectarian prayers endorsing the Christian faith were politically popular-so popular in fact that the so-called "conservative" majority on America's increasingly ...


Greece denies plan for retroactive tax on foreign bondholders

Greece's government on Thursday denied it had instituted a retroactive tax on foreign holders of Greek bonds, saying capital gains booked from early 2012 to the end of last year were subject to the tax regime covering that period. Greek 10-year bond yields GR10YT=TWEB rose to near two-month highs on Thursday, with traders citing a document detailing a retroactive tax on non-resident holders of ...


EU Elections Poll Shows SYRIZA Surge

Greek Prime Minister Antonis Samaras' New Democracy party is starting to slip further behind SYRIZA in the May 25 elections for the European Parliament.

The post EU Elections Poll Shows SYRIZA Surge appeared first on The National Herald.


Greece’s Recession Eases as Economy Becomes ‘Less Disastrous’

Greece’s economy contracted at its slowest pace in four year in the first quarter, adding to signs that the country is set to exit a six-year recession this year. Gross domestic product declined 1.1 percent in the three months through March from the same ...


Conference Venues in Greece Emptying

According to a survey conducted by the International Congress and Convention Association (ICCA), Greece ranks 38th among the countries that organize and host the most conferences. This is four places lower than in 2012, when Greece was in the 34th place.


New service allows taxpayers to update personal data online

Greek taxpayers will soon be able to update their personal details via TaxisNet, the Finance Ministry's online system for tax transactions. Certified TaxisNet users will be able to make changes by filling in an online version of the M1 form. Taxpayers wis... ...


Greece’s bonds lead euro-periphery debt lower on political risk

Greek bonds declined, pushing 10-year yields to the highest in seven weeks, as opinion polls before next weekend’s European Parliament elections suggest Greece’s governing coalition is losing support. Italian bonds fell, with yields rising the most in two... ...


GRK Brings Fast-Casual Greek to Dupont

GRK Brings Fast-Casual Greek to DupontEaterNew York-based chain GRK is headed to 1140 19th St. NW. It'll be the first location of the restaurant in the D.C. area. GRK specializes in customizable "Yeero" (a cutesy speling for gyro), Greek yogurt, salads and sides. The yogurts can be topped with ...


Mitroglou in Contention for Brasil, Papadopoulos Ruled Out

The Hellenic Football Federation has named Greece’s provisional 30-man squad for June’s FIFA World Cup in Brasil, from which the final 23 will be selected by coach Fernando Santos on Monday, May 19. Striker Kostas Mitroglou - whose hat-trick against Romania in qualifying booked Greece’s place in the finals - is still in the running for a ticket to Brasil, despite struggling since his January move to relegated Premier League club Fulham. Defender Kyriakos Papadopoulos will miss out due to injury, while Stefanos Kapino and Nikos Karelis are two of four goalkeepers in Santos’ provisional squad. Greece will face Colombia, Japan and Ivory Coast in the group stage. Greece’s full squad list is: Goalkeepers: Orestis Karnezis (Granada), Alexandros Tzorvas (Apollon Smyrni), Stefanos Kapino (Panathinaikos), Panagiotis Glykos (PAOK) Defenders: Vassilis Torosidis (Roma), Loukas Vyntra (Levante), Sokratis Papastathopoulos (Borussia Dortmund), Avraam Papadopoulos , Yiannis Maniatis, Jose Holebas, Costas Manolas (all Olympiakos), Vangelis Moras (Hellas Verona), Giorgos Tzavellas (PAOK), Nikos Karabelas (Levante) Midfielders: Giorgos Karagounis (Fulham), Costas Katsouranis (PAOK), Alexandros Tziolis (Kayserispor), Yiannis Fetfatzidis (Genoa), Lazaros Christodoulopoulos (Bologna), Panagiotis Kone (Bologna), Costas Fortounis (Kaiserslautern), Panagiotis Tachtsidis (Torino), Andreas Samaris (Olympiakos) Forwards: Dimitris Salpingidis, Stefanos Athanasiadis (PAOK), Georgios Samaras (Celtic), Fanis Gekas (Konyaspor), Kostas Mitroglou (Fulham), Dimitris Papadopoulos (Atromitos), Nikos Karelis (Panathinaikos)


Mont Parnes Accuses Greek Goverment of Favoring OPAP

Mont Parnes Casino in Parnitha, near Athens, has filed a complaint to the European Commission, accusing the Greek Government of favoring the OPAP gaming company by legalizing smoking at OPAP betting shops with video lottery terminals (VLTS) Mont Parnes Casino stated that smoking allowance provides a great advantage to OPAP VLTs gaming venues, since OPAP is the sole VLT operating license holder. It is also underlined that smoking in public places is so commonplace in Greece, that gaming venues profits are far greater where smoking is allowed. To support its argument, Mont Parnes cites international surveys on smoking bans as well as statements by OPAP itself, that claimed its revenues for 2009 were seriously damaged due to the smoking ban. The complaint lodged by Mont Parnes didn’t mention however, that smoking is legal at casinos in Greece.


PASOK’s Dim Elections Hopes Threaten Greek Government’s Survival

Prime Minister Antonis Samaras’ hopes of continuing his administration to the 2016 elections could depend not on the showing of his New Democracy Conservatives in this month’s elections for Greek municipalities and the European Parliament, but of his coalition partner, the fast-fading PASOK Socialists. Greeks will go to the polls on May 18 to choose local leaders, and a week leader for their representatives as European Union lawmakers in Brussels. Dueling polls essentially show New Democracy and its main rival, the major opposition Coalition of the Radical Left (SYRIZA) party deadlocked, but with PASOK as low as 5.5 percent even after aligning itself with a new center-left political movement called Elia, or Olive Tree. PASOK chief Evangelos Venizelos is serving as Samaras’ Deputy Premier and Foreign Minister after backing continued austerity measures the Socialists imposed in a previous government in return for international bailouts, a stance that has driven the once-dominant party to the edge of extinction. While Samaras said he has taken Greece from near-oblivion and leaving the Eurozone and a looming recovery, voters aren’t buying it as much as are investors who jumped on the chance to make some big profits with a relatively high interest rate of 4.75 percent on the country’s first sovereign bond in four years, for three billion euros at a five years term. “The euro crisis seems to be over but its causes have not withered away,” former Prime Minister Costas Simitis of PASOK, told the news agency Bloomberg in a piece that reported on his party’s fading fortunes and its withering ties to the New Democracy-led government. “High unemployment and uncertainty fuel euro-skepticism, while member-states become increasingly reluctant to cede more power to European institutions,” he added, in a written response to questions. New Democracy has 125 seats in the Parliament but needs PASOK’s 27 to have a razor-thin two-vote majority in the 300-member body although the government has gained a greater margin by arresting all of the neo-Nazi Golden Dawn party’s 18 deputies on charges of running a criminal gang. The prospect of the 27 PASOK lawmakers withdrawing their support could deter foreign investors helping to fuel the recovery, according to Megan Greene, chief economist at Maverick Intelligence and a columnist with Bloomberg View. “If there were snap elections and investors were spooked by the prospect of SYRIZA being the negotiator for Greece, it could really hurt the Greek recovery because it’s so fragile,” she told hew news agency. SYRIZA leader Alexis Tsipras said he believes the ruling parties will be repudiated in the elections and that it will force early national elections in which his party will come to power. He opposes the pay cuts, tax hikes, slashed pensions and worker firings that came with two bailouts of 240 billion euros ($330.7 billion) from the Troika of the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) and which caused record unemployment and deep poverty. If PASOK fares poorly, Venizelos could face a leadership challenge. If he’s ousted, he could lose his prominent positions in the government and take it down with him. Frantic to stay in power although his party is already essentially irrelevant, Venizelos has warned that there would be no government without him. “In these elections we will all be judged, both those that are in this room and those that aren’t,” Venizelos said in a May 9 speech to his lawmakers, taking a shot as his critics as well as the party’s former leader and previous premier George Papandreou, who won 44 percent of the vote in 2009 but resigned two years later after relentless protests, strikes and riots against austerity. Papandreou has been distancing himself from those measures as well as from Venizelos, and said PASOK – the party founded four decades ago by his father and a former premier Andreas Papandreou – should not have tied itself to the Olive Tree. In the May 10 Kapa Research survey for To Vima newspaper that saw PASOK fall to sixth place, SYRIZA led New Democracy by 23 percent to 21.7 percent. The pollster questioned 1,149 people between May 6 and May 9. While the EU parliamentarians chosen in the vote will join negotiations over completing the European banking union and consider proposals for forging a political union, some of those campaigning are treating the election as a plebiscite on Samaras’ government, Antigone Lyberaki, an economics professor and candidate for the Drasi party, which supports Greece’s economic adjustment program, told Bloomberg. “We’re treating these elections as if they were a super opinion poll for national elections,” Lyberaki said. “Reducing this to a choice between austerity and SYRIZA does a disservice to the guy in the street who’s in favor of Europe but has been brought to his knees by taxes.”  


VPRC Election Poll: SYRIZA in the Lead

According to recent polls conducted by VPRC, SYRIZA is in the lead to win the upcoming elections. In detail, VPRC conducted a poll for the Greek magazine “Epikaira” regarding vote assessment, which showed that SYRIZA is in the lead with 28%, while New Democracy came second with a four point difference (24%). According to the survey the relatively new political party, Potami, which was created a few months ago by journalist Stavros Theodorakis, continues to maintain high rates, while it ranked third with 8%, alongside Golden Dawn. The Greek Communist Party (KKE) gathered 7% and it appears to be moving upwards, while Elia and the Democratic Left are not doing so well, collecting 5% and 3% of the votes respectively. The Independent Greeks collected 5% and 12% of respondents declared that they prefer another political party. Furthermore, SYRIZA ranked first in the poll concerning voting intention, with 16.7% versus 13.7% of New Democracy, while obscure votes reached 23%. The rates of other parties: Potami 4.8% Golden Dawn 4.3% KKE 4.2% Independent Greeks 3.5% Elia 3% Democratic Left 1.7% Meanwhile, a poll by Pulse also showed SYRIZA in the lead with 23.5% and two points higher than New Democracy (21.5%). Compared to previous polls, New Democracy, Golden Dawn, Elia, Potami, KKE and the rates of the Independent Greeks have remained stable, while Democratic Left showed a slight decrease, collecting just 2% of the votes.


Greek yields near two-month high, traders cite tax talk, politics

Greek 10-year bond yields rose to near two-month highs on Thursday, with traders citing a document detailing a retroactive tax on non-resident holders of Greek bonds. Greek 10-year yields rose as high ...


Heavy Early Morning Activity On National Bank Of Greece (NBG)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. Trade-Ideas LLC identified National Bank of Greece (NBG ...


Greece Signs Big Dig Deal For Crude Oil Exploration

Looking to its own natural resources as another way to get out from under a crushing economic crisis and reduce energy dependence, Greece and the country's only oil and gas operator, Energean, have signed an agreement to look for hydrocarbons. Energean will drill onshore near Ioannina as critical step to finding reserves near the border with Albania, which found a bonanza of oil underground.

The post Greece Signs Big Dig Deal For Crude Oil Exploration appeared first on The National Herald.


PASOK Showing Could Sink Government

Prime Minister Antonis Samaras' coalition could sink if its PASOK partner fares poorly in the elections for Greek municipalities and European Parliament.

The post PASOK Showing Could Sink Government appeared first on The National Herald.


Mosque Athens Mayor’s Race Focus

Athens Mayor George Kaminis says one of his election rivals, New Democracy's Aris Spiliotopoulos, is two-faced for opposing a mosque his ruling party backed.

The post Mosque Athens Mayor’s Race Focus appeared first on The National Herald.


Geithner Says Grexit Was Planned

Former U.S. Treasury Secretary Timothy Geithner says in his book Stress Test that Germany thought of kicking Greece out of the Eurozone in 2012.

The post Geithner Says Grexit Was Planned appeared first on The National Herald.


Greek Banks Are Back In The Game, A Look At National Bank OF Greece

Nomura upgraded Alpha Bank from Reduce to Buy. However the analysts were not excited about National Bank of Greece which is the country's largest lender. Some major changes in the region have pushed Nomura to review its assessment of the Greek banking ...


Greek Food Festival turns 30, celebrates in style

Come early for the baklava. And save some of it to put in your ice cream. Those are just a couple of tips regulars and insiders keep in mind when they head out to the Greek Food Festival, now celebrating its 30th year. It's a huge event that covers the ...


Greek Festival offers the opportunity to learn about culture

Aside from Greek mythology — photos of the Parthenon and the Acropolis, and my adoration of Nikos Kazantzakis’ great novel, “Zorba the Greek” — my knowledge of Greek culture borders on the nonexistent. My college suitemate Kathy Folsom, nee Dixon ...


Kaminis Says Spiliotopoulos Hypocrite Over Athens Mosque

Athens Mayor George Kaminis, facing challenges in the May 18 elections, has accused one of his rivals, New Democracy candidate Aris Spiliotopoulos, for opposing a mosque in the city that his ruling party has backed. Spiliotopoulos at first said there shouldn’t be a mosque in Athens at all although he supported it as part of a plan by his ruling party leader, Prime Minister Antonis Samaras, to have the government pay for building the country’s first official mosque. After criticism he was an extremist pandering to the likes of the neo-Nazi Golden Dawn party that doesn’t want a mosque being built, Spiliotopoulos then changed his stance to say he supports the mosque – as long as it’s not anywhere near the heart of the capital city, but somewhere on the outskirts. “Spiliotopoulos should have thought about all that before his ministry signed the deal about the mosque’s construction [in Votanikos],” Kaminis told SKAI, accusing the former minister of education and religious affairs of grandstanding and political posturing and being two-faced. “You can’t so opportunistically change positions overnight,” Kaminis said suggesting that his conservative challenger was seeking to lure votes from the far right. Golden Dawn’s candidate and party spokesman Ilias Kasidiaris, is also running for the job even though he’s been arrested along with the rest of the party’s lawmakers on charges of being a criminal gang. During his campaign, Spiliotopoulos, also a former tourism minister, has argued that Athens does not need “another pole for illegal immigration” and repeatedly called for a referendum on plans to construct a mosque in the city. It’s common for Greece’s ruling parties to rotate its officials between ministries even if they have no qualifications for the posts. Spiliotopoulos was also Samaras’ hand-picked candidate to seek the important office, over another New Democracy lawmaker – and former Athens Mayor Nikitas Kaklamanis – who is running anyway, opposing his own party. He has not been ejected nor disciplined by Samaras, who regularly boots deputies who disobey him. Kaminis, an Independent and professor of Constitutional Law, was backed four years ago by a collection of Leftist parties and narrowly beat Kaklamanis, who had widely been criticized as a do-nothing Mayor. Kaminis was born in New York City. The government has agreed to build a mosque on land belonging to the Hellenic Navy in Votanikos, near central Athens. Last year, it awarded the 946,000 euro ($1.292 million) construction contract to a private consortium. Work on the building was expected to commence early this year.


The Scene: Greek culture, local arts come alive this weekend

Port City DailyThe Scene: Greek culture, local arts come alive this weekendPort City DailyThe 22nd Annual Greek Festival at St. Nicholas Greek Orthodox Church kicks off Friday, while the third Carolina Beach Street Arts Festival gets underway Saturday. The first is a time-honored celebration of Greek cuisine, heritage, music and, best of ...