Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros
Friday, June 27, 2014
Prison guards and inmates protest jail conditions
Stournaras sworn in at BoG’s helm
Payment delays have cost billions
After Town of Greece Supreme Court Decision, School Board Mulling Sectarian ...
Hellenic Petroleum to issue five-year bond
S&P report takes heavy toll on stocks
Seven suspects remanded in custody over heroin racket
Google Street View Explores the Beauty of Greece
Georgios Samaras, Greek FA Arrange for Fan with Down Syndrome to Visit Brazil
Alpha Bank to securitise 1 billion euros of shipping loans, say sources
Constant changes in tax regulations are major headache for Greeks living abroad
Greek federation offer to pay for Armagh boy to see his hero Samaras play in Brazil
Costa Rica vs. Greece: Betting Odds, World Cup Prediction, Match Preview
World Cup 2014: Greece supporters united in belief that Kostas Katsouranis must not face Costa Rica
Greece-Costa Rica Preview
World Cup Quarters for Costa Rica or Greece
Greece star Georgios Samaras invites young Irish fan to the World Cup
Greece's new central bank governor sworn in
Jay Beatty will not travel to Brazil, wishes Greece all the best
Odysseas Hatzopoulos, Kaktos publisher, dies
Costa Ricas Jorge Luis Pinto is a Latin American José Mourinho
Jorge Luis Pinto shares coaching methods and an acerbic tongue with the Chelsea manager and believes sex can drive his players to the World Cup quarter-finals
Few would have predicted that it would be Costa Rica, representing a country of only 4.8m people and with a modest football history, that would emerge from a group of three former world champions.
But Uruguay, Italy and England the latter to a lesser extent as they were already out when they faced Los Ticos seem to have underestimated the team and their colourful coach who is something of a Latin American José Mourinho. On Sunday they face Greece with a World Cup quarter-final place at stake.
Continue reading...World Cup 2014 power rankings: Colombia rule after group stage
They promised to do it without Radamel Falcao, and Colombia have been as good as their word. The rampaging manner in which they topped Group C, with a 100 per cent record and a plus-seven goal difference, seems to have gone under the radar. The playmaker James RodrÃguez has been the star turn, scoring in the wins against Greece, Ivory Coast and Japan and creating two goals for Jackson MartÃnez in the latter, but the likes of MartÃnez and Teófilo Gutiérrez have also stepped up to make their talismans absence seem an irrelevance. Colombias transitions from defence to attack are thrillingly swift and, even if their back line has not yet been tested to its limit, they look a very good bet to go far.
Continue reading...How to Make Your Own Greek Armor
Greek hero Georgios Samaras organises for little Celtic fan Jay Beatty to travel to World Cup
Tesco faces irate shareholders at AGM
Rolling business and financial news, including updated UK GDP for the first quarter of 2014
Latest: UK economy grew by 0.8%, ONS says
Business investment up 5% in last quarter
Mark Carney: 'new normal' means rates will be lower
12.11pm BST
Nice summary of the scene at Tesco's AGM from our retail reporter Simon Neville, no longer of this parish.
The general mood of the Tesco shareholders is they don't feel listened to, letters to the board go unanswered and execs are too arrogant
12.09pm BST
First with the big Tesco AGM news RT @ITVJoel: Another shareholder unhappy with the refrigeration systems at Potters Bar
I'm going to need a new refrigeration system myself if the quality of questions doesn't improve.....
12.07pm BST
Another shareholder is taking Tesco to task about.....the quality of its fruit section
Tesco now under fire from investor questioning nutritional content of South African fruit in its produce sections
12.05pm BST
Hi @Tesco it would mean a lot to your customers if you paid living wage to your staff please! #livingwage #TescoAGM
12.04pm BST
The current board aren't getting off lightly -- they've been criticised for taking home 'million' of pounds despite Tesco's poor share performance (down 13% in the last year)
#Tesco board getting a battering from shareholders at #TescoAGM oh dear
12.00pm BST
Anon shareholder blasts Sir Terry Leahy...says was "paid millions for losing billions"
11.58am BST
Another Tesco shareholder reminds the throng that Phil Clarke's predecessor, Sir Terry Leahy, blundered by trying to crack the US market.
The ill-fated Fresh & Easy chain, estimated to have cost Tesco £2bn, was put into bankruptcy last October.
Another #Tesco shareholder criticises Clarke's predecessor, Sir Terry Leahy, for "costing billions" from failed venture in the US.
11.50am BST
Tesco has also been handed a petition with 32,000 signatures, calling on the supermarket chain to start paying the Living Wage, of £7.65 per hour, to its staff.
@graemewearden @zoewoodguardian Heres former #Tesco manager Amy going into #TescoAGM w 32,000 calling for #livingwage pic.twitter.com/9KcsqHeuhe
11.46am BST
First shareholder up says Tesco not "Madonna". It doesn't need to be loved just provide decent place to shop...
I don't remember Madonna being a hit on the high street.
11.43am BST
You can always rely on Britain's army of small investors to speak unvarnished truth to City bosses:
Here comes the shareholders. 1st one accuses Tesco of "arrogance" when the going was good.
He also seems upset about lack of soap in the men's toilets at Brent Cross... That's AGMs for you.
11.41am BST
Now it's time for Tesco's shareholders to have their say....
Broadbent makes the obligatory plea for shareholders to keep questions brief. Like asking lions to stop eating meat... TescoAGM
11.40am BST
Tesco's problems lie in its big stores, Clarke points out, rather than in its web shopping and smaller convenience stores.
He tries to calm investor concerns by selling them that Tesco's new store format is delivering results:
PC says refurbished big stores are delivering "sustained" sales uplifts #TescoAGM
If online and convenience stores were our business "we'd be shooting the lights out" says Clarke. But 80% Tesco sales in larger stores.
11.34am BST
Tesco has learned over the last two years that we need to improve our performance, Clarke adds:
Philip Clarke says Tesco will cut more prices
"Reducing prices doesn't result in an instant sales increase," Clarke tells #Tesco shareholders.
11.29am BST
Now Tesco's CEO, Philip Clarke, is on his feet at the AGM.
Clarke, under pressure given Tesco's troubles, begins with a nod to the company's previous bosses:
"Thanks to all efforts made by my predecessors we have a strong basis to rebuild a new Tesco" diplomatic start from PC
First mention of the discounters from Tesco boss. They are a "resurgent force" he admits
11.24am BST
"You and we want to see better performance and believe the steps we're taking will deliver that," Broadbent #TescoAGM
11.21am BST
Tesco is defending its turnaround strategy, saying that it's better to sacrifice some sales in the short term if it leads to better long-term prospects.
Sir Richard says running business defensively for short term gains would be wrong and mean Tesco was neglecting duties to staff and investor
Broadbent: "We want to see better performance" #tesco
11.17am BST
Shareprice down, sales in decline, Chairman of Tesco tells shareholders "living through a period of radical change" pic.twitter.com/qUgTHY71UZ
11.15am BST
Britain's largest supermarket is face to face with its shareholders, as the Tesco AGM begins.
Tesco chairman, Sir Richard Broadbent, speaks first -- blaming tough market conditions for the company's weak share price performance over the last year.
Broadbent: "We know the share price performance has been poor" Murmurs of "yes" from the share holder audience #tesco
Tesco chairman Sir Richard Broadbent admits its share price performance has been "poor" over the last year
11.08am BST
Back to this morning's UK growth data.... and Martin Beck, senior economic advisor to the EY ITEM Club, says the economy is moving from balanced recovery to expansion.
Beck says:
The foundations of growth in consumer spending are looking a bit firmer. For the first time in almost a year, GDP increased without the need for households to save a smaller proportion of their incomes. The household saving ratio in Q1 rose a touch, against widespread expectations that it would see another quarterly drop. And there was good news on rebalancing. Investment is playing an increasingly important role in driving growth, with capital spending in Q1 growing at its fastest rate since 2007.
There were also signs of an easing in imbalances in the UKs overseas position. The current account deficit narrowed in Q1, although it still remains very large by historical standards, and net trade contributed to growth. The deficit in investment income, which has been largely responsible for the ballooning current account deficit in recent quarters, saw a welcome fall. Overall it looks like the UK growth engine is now firing on all cylinders.
11.03am BST
Oh wait, we do have protestors. Tesco has dumped 184 lorry drivers in Doncaster pic.twitter.com/1r0fXK4rZp
11.01am BST
Our retail correspondent Zoe Wood is tweeting from the Tesco AGM:
ShareAction also handing over a petition with 32,000 signatures demanding intro of Living Wage for Tesco workers
Amusing mix of Tesco shareholders and hipsters attending Ted conference in same building.
No sign of Sir Terry Leahy or Lord MacLaurin amid a sea of grey-haired shareholders
11.00am BST
Tesco shareholders are gathering at The Queen Elizabeth II Conference Centre in Westminster, for today's annual general meeting.
Amusing mix of Tesco shareholders and hipsters attending Ted conference in same building.
Todays demo is designed to drive home to Tescos shareholders what the company has unfairly done to our members, so the shareholders know that the companys reputation will suffer as a result.
Ex-Tesco drivers protest at Tesco AGM in London over 'unfair dismissals' at 11am today http://t.co/1H5n7nsgA4 pic.twitter.com/yZx4TQbBWU
10.55am BST
This is disappointing -- confidence in the eurozone has fallen this month.
Firms and consumers are fretting about the weakness of the recovery at home, and rising geopolitical tensions abroad.
Amongst the largest euro area economies, the ESI eased in Germany (-1.3), France (-1.2) and Italy (-1.0), while it increased in the Netherlands (+0.7) and, more significantly, in Spain (+2.2). Worth highlighting is the 4.6 points rise in Greece, bringing its ESI above the long-term average for the first time since August 2008.
10.44am BST
Chris Williamson of data firm Markit is encouraged that UK business investment has risen by 10% compared to a year ago; it bodes well for growth through 2014.
UK business investment +10.7% on year ago in Q1. PMI orders point to ongoing growth for rest of year, though waning pic.twitter.com/cBcyddw09S
10.31am BST
Despite growing solidly in the last quarter, Britain hasn't made much progress in improving its balance of payments with the rest of the world.
10.20am BST
The end of an era is looming in Kent. Model maker Hornby is closing its warehouse on the South Coast, in a move that could see it leave its historic home.
10.07am BST
Oh, and you can see the data here.
10.06am BST
The ONS also revised up its estimate for UK manufacturing growth, to +1.5% (from +1.4% before).
This is the largest increase in manufacturing output since the second quarter of 2010.
9.59am BST
So, why wasn't the UK growth rate for the last quarter revised higher, as some economists had expected given strong reports from the construction sector?
Well,the ONS did indeed revise its estimate for construction output to +1.5%, a big jump on the +0.6% first estimated.
9.53am BST
And here's another chart from today's GDP report, showing how slow the UK recovery has been compared to previous downturns:
9.48am BST
The UK economy was 0.6% away from its pre-crisis peak at the end of the last quarter, the ONS says.
9.41am BST
Here's an encouraging fact in the growth data - UK firms invested more than previously thought in the first three months of 2014, making a big contribution to growth.
The ONS reports that business investment rose by 5.0% in the quarter, up from a previous estimate of 2.7%. That means it was responsible for 0.4% of growth, or half the total expansion.
More important than the YoY 10.6% rise in business investment is that it appears to have escapted see-saw period pic.twitter.com/40JuISfJsm
GDP stats - Strong business investment means a more balanced recovery but real household income down.
9.32am BST
JUST: The UK economy grew at 0.8% in the first three months of 2014, the Office for National Statistics reports. That's in line with the previous estimate.
But the annual growth over the rate has been revised down a little, to +3.0 from +3.1%.
9.29am BST
Nearly time for the UK growth data...
9.21am BST
Upbeat news from Italy, where factory owners report that they are more optimist than at any time since the early days of the eurozone crisis.
Business morale has risen to a three year high, statistics body ISTAT reported, reaching 100.0 on its monthly index. That's the strongest reading since June 2011 -- just before Italy fell into recession.
*ITALIAN JUNE BUSINESS CONFIDENCE RISES TO 100.0 FROM 99.8 highest since June 2011
8.58am BST
Jeremy Cook of World First reckons the UK Office for National Statistics may revise up its estimate for UK growth in January-March (from 0.8%), in 30 minutes time.
He says:
UK GDP has the very real chance of being revised higher this morning following strong March surveys in construction and services output. We think that GDP will move to 0.9% on the quarter a far cry from the numbers seen in France, Germany or the US.
World First Morning Update 27th June - Japan inflation surges higher but wages lag, UK GDP and German inflation due - http://t.co/BwS9O8yoxo
8.50am BST
Here's Reuters take on Mark Carney's appearance on the Today programme:
Britain's economy is still relatively vulnerable, Bank of England Governor Mark Carney said on Friday, citing high levels of household debt.
"This is an economy that's just come off its worst recession in modern history, that still is relatively vulnerable," Carney told BBC radio.
Mark Carney is a politician - and John Humphreys should treat him as such rather than going into "dignitary" mode and softpeddling this iv
8.47am BST
Joshua Raymond, analyst at City Index, predicts that Tesco will avoid a shareholder revolt today, but will probably face tough questions from investors given its underperformance in recent quarters:
#tesco AGM today. Clarke & board votes expected to go fine but expect some drama given the lack of turnaround progress & exec abandonment
8.42am BST
Here's some instant reaction to Mark Carney's interview on Radio 4 this morning:
Thanks, that's useful. *CARNEY SAYS RATE INCREASE COULD COME THIS YEAR OR IN 2015
@fwred @graemewearden Borrowers need to take responsibility for their own futures & not rely on the words of someone in a stronger position.
'the old normal is not the new normal' - Carney signals 2.5% interest rate by 2017 #r4today
Carney treading fine line on #r4today. Acknowledges drag of household debt & housing bubble on econ but avoiding talk on how to reverse them
BOE's Carney says rate increase could come this year or in 2015...well that one helps clear that up then...back to the tea leaves #ukhousing
8.39am BST
Bank of England governor Mark Carney just dropped a hint that UK interest rates could be around 2.5% in three year's time (from their record low of 0.5% today).
Carney was being interviewed on Radio 4's Today Programme, and told the nation that interest rates could start rising this year, or alternatively not until 2015 (indeed....).
Carney: Sees "Normal" Interest Rate Around 2.5%, Versus 5% Historic Average
Mark Carney: "In order to bring the economy back to full employment...the new normal is materially lower than the old normal #r4today
8.23am BST
We also have confirmation that France's economy stagnated in the first three months of this year.
Statistics bosy INSEE reported that France's GDP "held steady" (that's one way of putting it) in January-March period.
Either way, 0% growth in France in Q1 is still times better than the US.
8.07am BST
Good morning, and welcome to our rolling coverage of the financial markets, the economy, business and the eurozone.
Two events coming up on an otherwise quiet-ish Friday.
Friday's Guardian front page - "Savile: reign of abuse across NHS exposed" #tomorrowspaperstoday #bbcpapers pic.twitter.com/wKUX3puPwq
Continue reading...Greece football federation offers to fly Armagh boy to Brazil for World Cup match
Istanbul-born Greek politician Eva Kaili.
Celtic fan Jay Beatty offered chance to see Greece play Costa Rica at World Cup
85% of trips abroad by EU residents were in Europe
In 2012, EU28 residents made 1.2 billion trips of one night or more. Almost half of these trips (48%) were for holidays and leisure, 35% for visits to relatives and friends, 13% for business and 4% for other reasons. The average trip length was 5.2 nights. The most common means of transport for trips was private or rented cars (65%), followed by air planes (15%), trains (12%), buses (6%) and water vessels (2%).
Of the number of total trips, 76% were made within the country of residence (domestic trips), while 24% were made outside (outbound trips). For these outbound trips, the main destination for EU28 residents was clearly Europe (85.4%), then followed Asia (4.5%), Africa (4.1%), North America (3.8%), Central and South America (1.9%) and Oceania (0.4%). More specifically, the top 3 destinations for outbound trips for residents of the EU28 were Spain, France and Italy.
These figures come from an online publication, Tourism trips of Europeans, from Eurostat, the statistical office of the European Union. This publication has six chapters: characteristics of tourism trips, participation in tourism, top destinations, seasonality, expenditure and intra-EU tourism flows.
Highest share of domestic trips for residents of Romania, Spain and Greece
The highest shares of trips of EU residents within their country (domestic trips) were observed in Romania (95%), Spain and Greece (both 92%), Portugal (90%) and France (89%). On the other hand, the largest proportions of trips abroad (outbound trips) were registered by residents of Luxembourg (97%), Belgium (78%), Malta (60%) and Slovenia (55%).
The average length of stay varied from more than seven nights for residents of Greece (7.5 nights), Cyprus (7.2) and Belgium (7.1) to less than four nights for residents of Latvia (3.1), Finland (3.4), Denmark (3.6) and Hungary (3.7).
Residents of eleven Member States have Spain in their top three outbound destination
In all EU28 Member States, the top destination of outbound trips made by residents in 2012 was a neighboring or nearby country, except for residents of Romania (Italy was the top destination) and the United Kingdom (Spain).
Among the top three outbound destinations of trips, Spain was among the top three for residents of eleven Member States, Germany of ten Member States, Italy of nine, France of eight, the United Kingdom of seven and Croatia of four.
Cars are the most common way of travelling for all Member States with shares ranging from 38% for residents of Romania to 84% for Slovenia
Cars were the main means of transport for trips in 2012 for all Member States except for Malta, with the highest shares for residents of Slovenia (84% of all trips), Portugal (80%), Spain (78%), the Czech Republic (75%), France (73%) and Hungary (71%). For air transport, the highest proportions were observed for residents of Malta (57%), Cyprus (45%), Ireland (42%), Luxembourg (36%) and the United Kingdom (28%), and for rail Romania (17%), France (16%), Germany and the United Kingdom (both 14%). For buses, the largest shares were registered for residents of Romania (38%), Bulgaria (23%) and Estonia (21%), and for water transport Malta (43%), Greece (14%) and Estonia (13%).
World Cup Posters 1930-2014
Greek Tycoons Host Fetes Where Art Markets Are Built
Greek Fest back at Headwaters Park
Greek Food Festival underway in Portland
An encounter with Greece's migrant prisoners, and the men who jail them
Friday, July 4
Today is Friday, July 4, the 185th day of 2014. There are 180 days left in the year.
Highlights in history on this date:
1187 - The Arab forces of Sultan Saladin destroy a thirsty and exhausted Crusader army at Hattin in northern Palestine, leading to the Muslim conquest of Jerusalem.
1776 - American Declaration of Independence is approved by the Continental Congress in Philadelphia. The day is now Independence Day in the United States.
1779 - French forces take Grenada in West Indies from the British, who retake it four years later.
1824 - Turks capture island of Ispara in war with Greeks.
1862 - Lewis Carroll, an Oxford University student narrates a story to a group of friends during a boat trip. The story is later published as "Alice's Adventures in Wonderland."
1946 - Republic of the Philippines is founded after 47 years of U.S. rule.
1957 - V. Molotov, D.J. Shepilov and G.M. Malenkov are expelled from the leadership of the Soviet Communist Party after trying to remove Nikita Khrushchev.
1974 - Ethiopia's Emperor Haile Selassie agrees to military supervision of his government and speedup of democratic reforms.
1976 - Israeli commandos raid hijacked airliner in Entebbe, Uganda, and rescue 103 hostages. Four Israelis, seven hijackers and about 20 Ugandan soldiers are killed.
1987 - Klaus Barbie, a local Gestapo chief in World War II, is convicted of crimes against humanity in Lyon, France, and sentenced to life imprisonment.
1990 - Kremlin lifts 10-week ban on rail transport of foodstuffs into Lithuania, ending an effort to quell republic's independence movement.
1991 - Former Soviet Foreign Minister Eduard Shevardnadze renounces his membership in the Communist Party.
1993 - Abkhazian rebels seeking independence from Georgia advance within 15 kilometers (nine miles) of Sukhumi, and both sides report heavy casualties.
1994 - Tutsi rebels seize most of Kigali and another key city in Rwanda, ending the worst of the genocide by Hutu militants in those areas.
1997 - The U.S. spacecraft Pathfinder, carrying an explorer vehicle, lands on Mars. It is the first landing on Mars since 1976.
1999 - Pope John Paul II blesses a new church that Roman citizens had promised to build 55 years earlier. On June 4, 1944, Allied troops were poised to enter Rome, citizens prayed for deliverance and an hour later German troops withdrew from the city.
2000 - Angry over British authorities' decision to restrict traditional Protestant parades in Catholic areas of Northern Ireland, youths set vehicles on fire and police trade gunshots with Protestant protesters in Belfast.
2001- Congolese President Joseph Kabila and Ugandan President Yoweri Museveni meet for first face-to-face peace talks in Tanzania as part of an effort to end the three-year war in Congo.
2002 - An Egyptian immigrant armed with two handguns and a hunting knife fatally shoots two people and injures several others near the El Al Israel Airlines ticket counter at Los Angeles International Airport before being shot to death by a security guard.
2003 - Three suspected Muslim militants attack a Shiite mosque in Quetta, Pakistan, opening fire during Friday prayers and killing 53 people.
2004 - Indonesia's young democracy holds its first direct presidential election, coming six years after President Suharto's 32-year dictatorship was overthrown.
2005 - Two Albanians are shot and killed during celebrations of parliamentary elections in the Balkan country that had been criticized by election monitors as only partially meeting international standards.
2006 - North Korea test-fires a long-range missile and four shorter range missiles in an exercise the U.S. terms "a provocation" but not an immediate threat.
2007 - British Broadcasting Corp. reporter Alan Johnston is released after nearly four months in captivity in the Gaza Strip, where he was held by the shadowy, little-known militant group Army of Islam.
2008 - Italy grants Pompeii emergency status, a move that will allow authorities to appoint a special commissioner to oversee the site's preservation and management.
2009 - North Korea launches seven ballistic missiles into waters off its east coast in a show of military firepower that defies U.N. resolutions and draws global expressions of condemnation and concern.
2010 - Interim president Bronislaw Komorowski appears to have held off a last-minute surge from the identical twin brother of the late Polish president, who died in an April plane crash that shocked the country and forced an early election.
2011 - A belligerent Ratko Mladic repeatedly disobeys and shouts at judges during an arraignment at the Yugoslav war crimes tribunal. Finally, the former Serb is thrown out of the hearing and the court enters not guilty pleas on his behalf to 11 charges of masterminding the worst atrocities of the Bosnian war.
2012 - Pakistan's decision to end a seven-month blockade of NATO troops supplies is a rate bright spot in relations with the U.S., but disagreements over issues like American drone strikes and Islamabad's support for Taliban militants still hamper a relationship vital to stability in neighboring Afghanistan.
2013 — France says it has confirmed that the nerve gas sarin was used "multiple times in a localized way" in Syria, including at least once by the regime.
Today's Birthdays:
Nathaniel Hawthorne, U.S. author (1804-1882); Giuseppe Garibaldi, Italian soldier-statesman (1807-1882); Louis Armstrong, U.S. jazz musician (1900-1971); Neil Simon, U.S. playwright (1927--); Geraldo Rivera, TV personality/news correspondent (1943--); John Waite, singer (1955--).
Thought For Today:
If a man does not keep pace with his companions, perhaps it is because he hears a different drummer. Let him step to the music which he hears, however measured or far away — Henry David Thoreau (1817-1862).
News Topics: General news, Christianity, Militant groups, War and unrest, Music, Crime, Government and politics, Religion, Social affairs, Entertainment, Arts and entertainmentPeople, Places and Companies: Lewis Carroll, Eduard Shevardnadze, Pope John Paul II, Joseph Kabila, Yoweri Museveni, Alan Johnston, Bronislaw Komorowski, Ratko Mladic, Nathaniel Hawthorne, Louis Armstrong, Neil Simon, Geraldo Rivera, John Waite, Henry David Thoreau, Democratic Republic of the Congo, Uganda, Pakistan, United States, Israel, Italy, France, Middle East, East Africa, Central Africa, Africa, South Asia, Asia, North America, Western Europe, Europe
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
BRAZIL BEAT: Katsouranis back, fans not happy
FORTALEZA, Brazil (AP) — Veteran Greece midfielder Costas Katsouranis is available to play for his country in Sunday's knockout round match against Costa Rica after sitting out a game because of a red card, but fans are hoping he stays on the bench.