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How the world sees Greece
Thursday, July 10, 2014
Golden Dawn crackdown: Greece jails 9th far-right lawmaker
CTV NewsGolden Dawn crackdown: Greece jails 9th far-right lawmakerCTV NewsFormerly marginal, Golden Dawn surged in popularity on a wave of anti-immigrant and ant-establishment sentiment during Greece's financial crisis. It rejects the neo-Nazi label, but is overtly fond of Nazi German ideology, anthems, slogans and insignia.Greece's far-right Golden Dawn spokesman jailed pending trialDeutsche Welle9th Greek far-right lawmaker jailed pending trialBelleville News DemocratGreece: Far-Right Golden Dawn Spokesman Ilias Kasidiaris in Jail Over Gun ...International Business Times UKWall Street Journalall 43 news articles »
Greek Court Detains of Far Right Politician
A Greek court ordered the detention of another politician from Greece's far right party Golden Dawn, raising the number of party representatives in pretrial detention to seven.
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Luxury villas in Greece
Telegraph.co.ukLuxury villas in GreeceTelegraph.co.ukLuxury villas in Greece. Fabulous Greek island and seaside villas, all with availability over the current summer holidays. the best luxury villas in greece. Built this year, Assimi stands on a hillside in Zakynthos – a vantage point that provides it ...
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Greek Privatization of Key Sectors Meets Strong Opposition
Novinite.comGreek Privatization of Key Sectors Meets Strong OppositionTruth-OutAthens - Plans by the Greek government to sell companies that handle the key resources of energy and water face serious obstacles and its policy to offer investors exceptional privileges in an effort to boost interest in privatisation is coming under ...Greek Parliament Approves Plan to Sell Part of National Power CompanyWall Street JournalGreek MPs Approve Privatization of State Electricity UtilityNovinite.comGreek Parliament Approves Splitting, Selling of PPCGreek Reporter3News NZ -GlobalPost -Reutersall 24 news articles »
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Inside Greece's ghost airport
Inside Greece's ghost airportTelegraph.co.ukEllinikon International Airport served as the Greek capital's solitary airport for more than 60 years until the opening of the new Athens International Airport in 2001. Now, after more than a decade gathering dust, plans to redevelop it look like ...
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Greece to privatise biggest power producer
Athens - Greece approved a reform bill on Wednesday that paves the way for the sale of nearly a third of its biggest power producer, in a move protested by workers and the main opposition, who want the Public Power Corp to remain in state hands. The plan ...
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Portuguese worries hit demand at Greek debt sale, bruise periphery
* Portugal's worries about BES group have regional reverberations * Greek three-year debt sale sees lacklustre demand * Irish, Spanish sales go smoothly as markets differentiate (Adds more detail on Portugal, fresh comments, updates prices) LONDON, July 10 (Reuters) - Concern about the health of a parent company of Portugal's largest bank hurt bonds from the euro zone's periphery on Thursday ...
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Greek Court Orders Detention of Far Right Golden Dawn Politician
ReutersGreek Court Orders Detention of Far Right Golden Dawn PoliticianWall Street JournalATHENS—A Greek court Thursday ordered the detention of another politician from Greece's far right party Golden Dawn, raising the total number of party representatives now in pretrial detention to seven. The examining magistrates ordered Ilias ...9th Greek Far-Right Lawmaker Jailed Pending TrialABC NewsGreek far-right Golden Dawn's spokesman jailed awaiting trialReutersall 34 news articles »
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Greek Heart Surgeon Arrested on Bribery Charges
KathimeriniGreek Heart Surgeon Arrested on Bribery ChargesABC NewsGreek police say they have arrested a heart surgeon in a major Athens hospital on felony charges of bribery and blackmail for allegedly demanding a bribe from a patient in order to perform urgent surgery. Authorities said Thursday the 59-year-old ...Unfavorable markets lead to Greek bond sale missing estimatesKathimeriniGreek Bond Orders Hit .5 BillionNASDAQGreece Cites Unfavorable Markets as Bond Sale Misses EstimatesBloombergShanghai Daily (subscription)all 41 news articles »
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Can a huge Athens seaside resort help rebuild Greece's economy?
euronewsCan a huge Athens seaside resort help rebuild Greece's economy?euronewsGreece is hoping the transformation of a vast site where Athens airport once was can help kick-start the moribund economy. It is an area larger than the principality of Monaco, more than six million square metres, and about to become Europe's biggest ...
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European stock markets hit by Portuguese bank fears -- business live
Rolling business and financial news through the day, as concerns over Portugal's largest bank send shares down across Europe
Fears over Espirito Santo International <- new readers start hereBanco Espirito Santo shares suspended after tumblePortugal's bond yields jumpAnalyst: it's not a new eurocrisisBut crisis could hit confidence in Portugal3.47pm BST
Today's selloff is a blow to anyone who took part in Banco Espirito Santo's recent rights issue.
It raised funds by selling new shares at 0.65 each. Today's 17% tumble sent them down to just 0.51 before trading was suspended.
That resounding doh! echoing around Europe is BES investors who supported June rights issue at 0.65. Price now 0.51. http://t.co/AFTyWaAnBu
3.42pm BST
Banco Espirito Santo's problems come at a tricky time for the banking sector, points out Jasper Lawler of CMC Markets:
Banks in particular are under massive scrutiny with European banks being targeted by the US regulators while banks in the US and Europe face tougher capital requirements as part of bank stress tests.
With tougher capital requirements, it means banks need to keep more money in reserve and cant lend it out and make returns. This problem is exacerbated in Europe where weak economies are not generating demand for banks loans in the first place.
3.34pm BST
We're not free of World Cup analogies yet....
Oh how quickly the tide has turned...not so long ago, we hailed Portugal as a #WorldCup savior for US & now it's to blame to stock drop...
3.24pm BST
2.55pm BST
Worries over the health of one of Portugal's largest financial groups hit the country's stock market hard on Thursday and pushed up its borrowing rates.
2.38pm BST
Europe's stock markets remain deep in the red too, led by Portugal's PSI index
Espirito Santo -17,4% UBI Banca -5,3% Unicredit -4,3% BBVA -4% Commerzbank -3,9% Soc Gen -3,7% Credit Agricole -3,7% Barclays -3,4%
2.36pm BST
Wall Street has just opened, and the main share indices have promptly dropped as US investors react to the selloff in Europe.
2.24pm BST
There's no suggestion that Banco Espirito Santo customers are panicking, by the way, despite concerns over the health of its parent company. This photo of a branch in Lisbon shows a definite absence of queues....
2.16pm BST
Stock futures fall sharply on Europe worries: http://t.co/WKo93nYiPG pic.twitter.com/J84EEFWhcU
2.15pm BST
The Wall Street Journal has pulled together more analyst reaction to the situation at Espírito Santo International (ESI) after it suspended some bond repayments on certain short-term bonds yesterday, and the knock-on impact on Portuguese lender Banco Espirito Santo (BES).
Analysts at the Royal Bank of Canada highlighted that the problems relating to ESI could have a much wider impact on the country's economy if they persist.
"While the aforementioned case is likely to be an isolated one it clearly highlights the problems of early bailout exits whilst the economy, the banking system and the public finances are still in a shaky state," they wrote in a note.
2.07pm BST
Here's a useful chart explaining how Banco Espirito Santo fits into the Espirito Santo Group structure.
Espirito Santo Group structure (may come in handy) ... pic.twitter.com/LUYIuE4sVC
2.05pm BST
Shares on Wall Street are also expected to fall when trading begins in around 30 minutes:
S&P expected to fall 1 pct at open on fears over Portugal's Espirito Santo
2.01pm BST
Another reason not to panic too much -- as Aurelija Augulyte of Nordea Markets points out, Portuguese government bond yields are still near their lowest point in four years:
yeah European crisis is baaaaack pic.twitter.com/nrokrT4h1V
1.44pm BST
Here's an interesting chart - it shows how the cost of insuring Portuguese bank debt, using a credit default swap, has risen in the last month.
Risk-aversion is rising in Europe RT @M_McDonough: Average European Bank 5Y CDS: pic.twitter.com/K7wPGtfCar
1.43pm BST
So, do the problems in Portugal mean the eurozone crisis has reared back into life?
I don't think so. We've not suddenly been transported to the mad days of 2011 and 2012 again.
Portugal won't spark the reemergence of crisis in EZ. Only big countries (ahem Italy, France) could shift the crisis from chronic to acute.
@vittoriodarold Some things have changed since Greece!
1.34pm BST
Concerns over Espírito Santo have also been building for a while. Last December, the Wall Street Journal flagged up that the company raised funds during 2011 by selling debt to its own investment fund.
The money was repaid, but the deal shows the potential clashes of interest that can arise with a major conglomerate.
This story by @kowsmann started the Espirito Santo mess. http://t.co/ghi6KpQPpF
1.27pm BST
Portuguese government debt has also fallen in value today, driving up the yield on its 10-year bonds to around 4%, from 3.8% yesterday. That's a three-month high.
1.25pm BST
The Portuguese worries flared up yesterday afternoon, when it emerged that conglomerate Espírito Santo International was looking to restructure some of its debt.
That sparked fears over the health of its businesses, triggering the 17% tumble in Banco Espirito Santo's shares today.
1.00pm BST
European stock markets are in retreat today, with losses across the board sparked by fears over Portugal's largest bank.
The main Portuguese stock market, the PSI 20, has tumbled by 4.5% so far today, driven down by their biggest bank, Banco Espirito Santo (BES).
BANCO ESPIRITO SANTO SHARES SUSPENDED PENDING ANNOUNCEMENT
Euro zone banking stocks -15% in the last month. Bear market territory beckons: pic.twitter.com/ZtrGbdpOzt
12.51pm BST
Allie Renison, head of Europe and Trade Policy at the Institute of Directors, reckons we shouldn't panic about Britain's widening trade gap.
While first impressions are indeed worrying, it should be pointed out that that the widening gap is down to a rise in imports, which grew by 1.7% and are a sign of robust domestic demand.
Contrary to expectations that the appreciation in sterling would lead to a reduction in the export of goods, there has been an increase of 0.6%. Indeed, when compared with the previous three months, export prices decreased by 0.8% for the three months ending in May.
12.35pm BST
The Bank of England was right to leave interest rate unchanged today, reckons Dr Gerard Lyons, economic advisor to London mayor Boris Johnson.
#Bank of England unchanged rate decision makes sense, given need to assess impact of macro prudential measures & mortgage market review.
It is about 6 years since I wrote/said Mervyn King would not raise rates in 2nd term just before his reappointment. Now tightening is near.
Assuming recent improvement in economy continues, a small tweak up in UK rates by 0.125% later this year may now make sense. Slow & gradual.
12.12pm BST
Investors are a little edgier about Greece today, after a much-anticipated bond sale drew modest demand.
The interest rate, or yield, on Greek 10-year bonds has jumped to 6.3%, from 6.1% last night. That's quite a hefty move, but it still leaves yields away from the 'danger zone' of 7%.
Order books for the bond have topped 3 billion euros, according to IFR, a Thomson Reuters service. When Greece sold a five-year bond back in April orders reached over 20 billion euros.
Bailed-out Greece is aiming to raise up to 3 billion euros from the new bond, its second bond sale after it defaulted in 2012.
Greece 3yr bond size set at EUR 1.5bln and yield 3.5% despite reports that yield was to be below 3.0%
12.03pm BST
Monetary Policy Committee Announcement July 2014 http://t.co/Qqmsetxn9R
12.01pm BST
The Bank of England has also made no change to its quantitative easing programme, and there's no accompanying statement.
12.00pm BST
To no-one's surprise, the Bank of England has left UK interest rates unchanged at 0.5%.
11.49am BST
M&S has confirmed Alan Stewart's exit as CFO - not surprisingly given where he's going, he has "already left the building", I'm told.
11.48am BST
It's official. M&S's finance chief is off to Tesco.
Here's the statement:
Marks and Spencer Group plc today announces the departure of Alan Stewart, Chief Finance Officer.
Alan has stepped down from Board and will leave M&S on a date and on terms to be agreed. The search for his successor is already underway.
11.24am BST
Marks & Spencer's troubles continue.... the word in the City is that Tesco has just poached M&S's finance director, Alan Stewart.
11:18 - TESCO CLOSE TO NAMING MARKS & SPENCER CFO ALAN STEWART AS NEW FINANCE DIRECTOR - SOURCE FAMILIAR WITH THE SITUATION
M&S FD Alan Stewart moving to Tesco is huge news. Embarrassing for M&S as comes just 2 weeks after Stewart given more responsibilities
11.20am BST
Britain's widening trade deficit is a concern, says the British Chambers of Commerce (BCC).
Chief economist David Kern is worried that the progress made narrowing the deficit earlier this year has halted:
Todays figures confirm that the pace of the UKs rebalancing towards net exports is far too slow, and if this continues we risk missing out on the Prime Ministers target of increasing exports to £1tn by 2020.
Therefore narrowing the trade deficit by providing additional support to UK exporters must remain a national priority for both the government and the MPC. On its part, the MPC must restore clarity to its forward guidance and resist calls for premature interest rate rises.
11.00am BST
UK exports to the EU have fallen by 0.9% in the last three months (if you strip out erratic items), but are up by 4.6% to the rest of the world.
That's via Christian Schulz, economist at Berenberg, who explains:
Trade growth has been more buoyant vis-à-vis the rest of the world than with Britains EU partners.
British exports are relatively price insensitive, sterling is still below pre-crisis levels vis-à-vis major trading partners currencies and global demand growth matters more than the exchange rate.
10.53am BST
Britain's widening trade gap illustrates how the UK's recovery has been driven by the domestic economy, rather than strong global demand.
And with Europe's economy still weak, it's hard to see that changing quickly.
The shortfall of exports relative to imports is the largest since January. Exports picked up slightly in the month, while imports rose at their fastest pace for almost a year.
Looking forward, we doubt that the export picture will brighten significantly, at least in the near-term. The recovery in the Eurozone economy, the UKs largest single export market, is running at only a very modest pace.
10.15am BST
And here's another chart showing how Britain's trade gap with Germany, the Netherlands and China widened in May:
10.10am BST
Britain's trade gap with the rest of the world has swelled in May, as the UK was hit by weak demand from Europe.
UK trade deficit widens to -2.418 bln pounds in May from revised -2.052 bln pounds in April pic.twitter.com/yiLLI6rQam
UK trade deficit Y/Y change in May EU: +£600m Non EU: -£100m
In the three months ending May 2014, exports of goods increased by 0.1% to £72.6 billion and imports of goods increased by 0.5% to £98.9 billion....The export of goods excluding oil and erratics increased by 0.9% to £60.6 billion; reflecting a £0.4 billion increase in exports of cars.
Imports of goods excluding oil and erratics increased by 0.2% to £83.8 billion for the same period.
9.36am BST
Wham! Two more European countries have reported that their industrial output fell in May, adding to worries about the European economy sparked by France this morning.
Italian industrial output slid by 1.2% during the month, the steepest monthly fall since November 2012. That's much worse than expected -- economists had predicted a rise of 0.2%.
What happened in May - did everyone go on holiday? German numbers bad, French numbers bad, Italy bad.
#Euro pressured by weak data. After disappointing French figs, #Italy misses as well. May Ind Output -1.2% MoM;-1.8% On Yr ~@Schuldensuehner
9.19am BST
More worrying signs for France -- its annual inflation rate has dropped to just 0.6% (on a harmonised basis)
INSEE reported that food prices were down 1.4% year-on-year, and manufactured products down 1.2%, underlining the weakness of parts of the French economy. Inflation in the service sector, though, was up 1.8%.
9.12am BST
In other corporate news, Mothercare's interim CEO has been given the job fulltime.
Mark Newton-Jones, who was parachuted into the company in March, is quite a retail veteran -- at just 25, he was a regional manager at Next covering 100+ stores, and he ran Shop Direct (including littlewoods.com), for nearly 10 years.
8.53am BST
The upturn in Britain's property sector has boosted housebuilder Barratt Developments. It posted a 8.6% jump in sales this morning, and have shareholders the welcome news that profits will hit the top end of expectations.
8.50am BST
Burberry isn't the only company fretting about the strong pound.
Associated British Foods (owner of Primark), has warned that sterling's strength will have "a negative impact" on its sales and profits from overseas businesses, particularly in Grocery and Ingredients.
8.45am BST
Shares in UK fashion chain Burberry jumped 4% in early trading, despite warning that the strong pound is still eating into its profits.
Burberry is topping the FTSE 100 after reporting a 12% surge in comparable sales in the last three months.
...demonstrates our teams' success in unlocking the benefits of these investments, as we continue to concentrate on the things we can control in an uncertain external environment.
8.19am BST
France's economy has taken another blow - with manufacturing output slumping by an alarming 2.3% in May.
Statistics body INSEE said manufacturing output fell "dramatically" during the month.
7.58am BST
Good morning, and welcome to our rolling coverage of the financial markets, the economy, eurozone and business.
A number of them thought [the spare capacity] was greater than measured by the official unemployment rate....citing, in particular, the still-high level of workers employed part time for economic reasons or the depressed labour force participation rate.
The market seems to have been positioned for a hawkish shift in sentiment. In fact, the minutes showed the Fed continues to show concern about growth rather than inflation.
#BOE rate decision at midday, expecting no change in rates at record low 0.5%...economists expect last time all 9 MPC all vote for no change
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Greece Cites Unfavorable Markets as Bond Sale Misses Estimates
Greece raised 1.5 billion euros ($2.04 billion) in a debt sale that fell short of analyst estimates on size and yield as it took place amid a selloff in higher-yielding bonds across the euro area.
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Opa! Celebrate at Millcreek Township's Greek Fest this weekend
Opa! Celebrate at Millcreek Township's Greek Fest this weekendGoErie.comCelebrate at Millcreek Township's Greek Fest this weekend. Erie Times-News. Advertisement. Unleash your inner Greek during the 26th annual Panegyri, Friday through Sunday in Millcreek Township. Come and eat homemade Greek delicacies; shop for ...
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Greek Bond Set to Complete Bond Sale
Greek Bond Set to Complete Bond SaleWall Street JournalGreece is poised Thursday to complete its second bond sale since defaulting on its debt two years ago. Investors have placed around €2.6 billion ($3.5 billion) worth of orders, according to one of the banks running the sale. Bankers are suggesting the ...
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9th Greek Far-Right Lawmaker Jailed Pending Trial
Reuters9th Greek Far-Right Lawmaker Jailed Pending TrialABC NewsGreek judges have jailed a ninth lawmaker in connection with a criminal investigation into Nazi-inspired Golden Dawn — the country's third most popular party. Ilias Kassidiaris, a prominent Golden Dawn lawmaker, faces illegal firearms charges that, if ...Greek far-right Golden Dawn spokesman jailed pending trialReutersall 3 news articles »
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Greece says raised 1.5 bln euros from bond issue
Greece says raised 1.5 bln euros from bond issueReutersATHENS, July 10 (Reuters) - Greece raised 1.5 billion euros from the issue of a three-year bond on Thursday with a yield of 3.5 percent, the finance ministry said in a statement. Athens said it received orders worth 3 billion euros. It had been ...and more »
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Bringing Greece's hidden innovation assets to life
KathimeriniBringing Greece's hidden innovation assets to lifeKathimeriniAlthough Prime Minister Antonis Samaras has shuffled his cabinet – changing the ministers of development and education, among others – this is not the moment to take one's eye off the ball. Greece is still facing the same problems, with a stagnating ...
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Citigroup's Rumored $7 Billion Mortgage Settlement Could Send Q2 Results In ...
ReutersCitigroup's Rumored Billion Mortgage Settlement Could Send Q2 Results In ...ForbesThe second quarter of the year has been an eventful one for Citigroup, with the bank successfully disposing of its retail banking operations in Greece and Spain as a part of its continued efforts to shrink the Citi Holdings division (see Citigroup Inks Deals To ...Citigroup nears billion settlement: Are banks chastened, post-crisis?Christian Science MonitorCalifornia to get share of mortgage settlement money to be paid by CitigroupUncover CaliforniaCitigroup, Everbright, Rajaratnam, Libya: ComplianceBusinessweekLos Angeles Times -DSNews.com -Reutersall 195 news articles »
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Greek Bond Orders Hit $3.5 Billion
Greek Bond Orders Hit $3.5 Billion
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Portugal's worries spread, hurt demand at Greek debt sale
* Portugal worries about BES group have regional reverberations * Greek three-year debt sale sees lacklustre demand LONDON, July 10 (Reuters) - Renewed concerns about the health of a parent company of Portugal's largest bank hurt peripheral euro zone bonds on Thursday, curbing demand at Greece's second debt sale following its 2012 default. It was the first significant episode of contagion for ...
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Greece raises cash in 3-year bond auction
ATHENS, Greece (AP) — Greece has raised 1.5 billion euros ($2.04 billion) in an auction of three-year bonds, its second debt issue in three months after a long absence from the international markets.
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Greek industrial output rises 1.8 pct y/y in May
Greek industrial output rose 1.8 percent year-on-year in May, from a downwardly revised contraction of 2.1 percent in April, statistics service ELSTAT said on Thursday. Greek industry declined for six consecutive years over 2008-13, contracting by a total of 30 percent from its peak.
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Greek yields jump as bond sale draws modest demand
Greek bond yields extended their rise on Thursday with traders citing investor disappointment with initial demand for a new three-year bond Athens is selling via a syndicate of banks. Order books for the bond have topped 3 billion euros, according to IFR, a Thomson Reuters service. Greek 10-year bond yields were up 14 basis points on the day to 6.25 percent, underperforming the rest of the euro ...
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Greek Jobless Rate Still Over 27%
ATHENS—Greece's jobless rate in April was still just over 27%, unchanged from an upwardly revised figure a month earlier, showing that a recovery in the country's jobs market continues to languish despite signs the economy is inching its way out of ...
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EU28 population 507.4 million at 1 January 2014
by
KG/EUROPA
On 1 January 2014, the population of the EU28 was estimated at 507.4 million, compared with 505.7 million on 1 January 2013. The population increase is due to a natural increase of 80 000 and a net migration of 700 000, while the remainder is due to statistical adjustments.
As a long-term trend, the population of the countries making up the EU28 has increased by around 100 million since 1960 (from 407 million to 507 million).
These figures are published by Eurostat, the statistical office of the European Union.
Highest birth rates in Ireland, France, the United Kingdom, Sweden and Luxembourg
In 2013, 5.1 million babies were born in the EU28. The crude birth rate was 10.0 per 1 000 inhabitants, down from 10.4‰ in 2012. The highest birth rates were recorded in Ireland (15.0‰), France (12.3‰), the United Kingdom (12.2‰), Sweden (11.8‰) and Luxembourg (11.3‰), and the lowest in Portugal (7.9‰), Germany, Greece and Italy (all 8.5‰) and Romania (8.8‰).
There were 5.0 million deaths registered in the EU28 in 2013. The crude death rate was 9.9 per 1 000 inhabitants, stable compared with 2012. The highest death rates were observed in Bulgaria (14.4‰), Latvia (14.3‰), Lithuania (14.0‰), Hungary (12.8‰) and Romania (12.4‰), and the lowest in Cyprus (6.0‰), Ireland (6.5‰), Luxembourg (7.0‰), Malta (7.6‰) and Spain (8.3‰).
Consequently, the highest positive natural change of the population (the difference between live births and deaths expressed per 1 000 inhabitants) was registered in Ireland (+8.5‰), well ahead of Cyprus (+4.7‰), Luxembourg (+4.2‰), France (+3.6‰) and the United Kingdom (+3.2‰). Thirteen Member States had negative natural change, with the largest in Bulgaria (-5.2‰), Latvia (-4.0‰), Lithuania (-3.9‰), Hungary (-3.6‰), Romania (-3.5‰) and Germany (-2.6‰).
Population increase in fifteen Member States
In 2013, Luxembourg (+19.0‰), Malta (+7.6‰), Sweden (+6.8‰) and Austria (+6.5‰) recorded the highest positive net migration in relative terms, while Cyprus (-13.9‰), Latvia (-7.1‰), Lithuania (-5.7‰), Ireland (-5.6‰), Spain (-5.5‰) and Greece (-4.7‰) recorded the highest negative net migration.
To conclude, in 2013, the population increased in fifteen Member States and decreased in thirteen. The largest increases due to natural change and net migration were observed in Luxembourg (natural change +4.2‰ and net migration +19.0‰), Malta (+1.9‰ and +7.6‰), Sweden (+2.4‰ and +6.8‰), Austria (0.0‰ and +6.5‰), the United Kingdom (+3.2‰ and +3.3‰) and Denmark (+0.6‰ and +5.3‰), and the largest decreases in Latvia (-4.0‰ and -7.1‰), Lithuania (-3.9‰ and -5.7‰), Cyprus (+4.7 and -13.9‰), Greece (-1.6‰ and -4.7‰), Portugal (-2.3‰ and -3.5‰), Bulgaria (-5.2‰ and -0.2‰) and Spain (+0.8‰ and -5.5‰).
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Safeguarding tourism
On the one hand data show that tourist arrivals to Greece have grown by 17.1 percent in the first half of 2014, while everyone is predicting that this upward trend will continue over the course of the year.
On the other hand, however, a marked absence of ... ...
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Greek yields dip as yield-starved investors eye three-year bond
* Greece to sell 3-year bonds to take advantage of loose ECB policy * Few euro zone bonds offer higher yields than Greece's 3-year LONDON, July 10 (Reuters) - Greek yields dipped on Thursday as the aid recipient readied an issue of three-year bonds in its second debt sale since its default, taking advantage of a European Central Bank promise to make long-term loans to banks. The sale is expected ...
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Very old erotic graffiti found in Greece
Very old erotic graffiti found in GreeceBoing BoingNow we know that Nikasitimos banged Timion (in the past continuous tense, implying a long stamina) on what is now a remote stone outcrop on the Agean island of Astypalaia, approximately 2,500 years ago. Maggie Koerth-Baker is the science editor at ...
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No more naked Apollos on Russian banknotes, lawmaker says
Naked images of the Greek God Apollo have graced buildings and paintings for centuries, but his disrobed body has so shocked one Russian lawmaker that he wants to change the country's 100-ruble banknote. The note, worth less than $3, depicts an image of a statue of Apollo riding a four-horse chariot atop the Bolshoi Theater, one of Russia's main cultural symbols. "You can see clearly that Apollo is naked, you can see his genitalia," Roman Khudyakov, a member of parliament for the nationalist LDPR party, told Reuters Television. I was shocked, you know." The call coincides with growing conservatism in President Vladimir Putin's third term, during which he has courted the Russian Orthodox Church.
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At Greek Orthodox banquet, Biden talks about religious freedom
Philly.comAt Greek Orthodox banquet, Biden talks about religious freedomPhilly.comVice President Joe Biden is introduced by his Eminrence Archbishop Demetrios of America *( R ) at the Grand Banquet of the 42nd Biennial Clergy-Laity Congress of the Greek Orthodox Archdiocese of America in Philadelphia Wednesday July 9, 2014.Biden set to speak at Greek Orthodox event in Pa.abc27Biden, in Pa., says Greek economy improvingNew Jersey Heraldall 53 news articles »
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Atheist Plans to Include All When Giving Invocation at Greece Board Meeting
Atheist Plans to Include All When Giving Invocation at Greece Board MeetingTWC NewsIn previous interviews, Reilich says the town does not recruit from area churches for the opening prayer; instead, churches contact the town to participate. With many Christian houses of worship in Greece, it was believed Christian-based prayers will ...
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Greek council holds Bianca Tanner vigil
Greek council holds Bianca Tanner vigilCharlotte ObserverThe vigil, organized by Greeks Against Domestic Violence, is scheduled for 6:30 p.m. at Little Rock AME Zion Church on North Stonewall Street in Charlotte's uptown. Former N.C. A&T students who were members of fraternities and sororities started Greeks ...and more »
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Greek power company privatisation 'a national crime'
Greek MPs have approved a controversial breakup and privatisation of the country's main electricity provider. The law to break up the state-owned Public Power Corporation (PPC) by 2015 was approved by the government majority on Wednesday amid protests ...
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| READ THE ORIGINAL POST AT www.3news.co.nz |
Jurassic 5 has special show planned for Greek Theatre
Jurassic 5 has special show planned for Greek TheatreLos Angeles Daily News15 on the Billboard charts in 2002, will have a home-field advantage when it performs Saturday at the Greek Theatre. Joining the group at the Los Angeles venue will be Dilated Peoples, The World Famous Beat Junkies and MC Supernatural. J5's DJ Nu-Mark ...
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Sanctions harm European business rather than Russia
ATHENS, July 09, /ITAR-TASS/. Sanctions targeting Russia harm the whole European business rather than just Russia, President of the Russian state-run railways corporation RZD Vladimir Yakunin said at a conference of the British magazine Economist in the sea town of Vouliagmeni near the Greek capital on Wednesday.
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Vegan Dolmathes – Stuffed Greek Vine Leaves
Back to some of my Greek roots. I grew up with my mother making dolmathes – she made delicious ones, lemony, with a touch of cinnamon – they just rocked! Here is my version of them. My love for curry, lemon, spices, and nuts come together to create an ...
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| READ THE ORIGINAL POST AT www.onegreenplanet.org |
Greek state workers strike
Athens - Greek doctors, prison staff and other state workers went on strike on Wednesday to protest against public sector firings imposed as part of the country's 240 billion euro international bailout. The 24-hour strike, which is expected to culminate ...
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| READ THE ORIGINAL POST AT www.iol.co.za |
Bailed-out Greece looks to raise money through bonds after forced four-year absence
ATHENS -- Bailed-out Greece said Wednesday it will tap bond markets again soon, building on its success in April to return to debt markets after a forced four-year absence due to its financial turmoil. Borrowing rates have dropped recently for many ...
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Emanuel Demos, 75, father of Suffolk GOP candidate
Emanuel Demos, 75, father of Suffolk GOP candidateNewsdayEmanuel George Demos, a Manhattan tax lawyer active in the Greek Orthodox Church and father of recent Republican congressional candidate George Demos, has died. he was 75. Demos died July 4 after suffering a heart attack at Eastern Long Island ...and more »
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GRK, fast-casual Greek, to open in Dupont July 18
Washington Post (blog)GRK, fast-casual Greek, to open in Dupont July 18Washington Post (blog)GRK applies a variation on the Chipotle model to Greek cuisine, giving guests the choice between a "Yeero" (the phonetic spelling of a gyro), and a plate. You'll get the choice between chicken, pork, portobello mushrooms or lamb and beef; toppings ...
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Tourist snap: crocodile on the loose in Crete sparks visitor rush to island
Reports of 'abandoned' reptile send Greek officials into panicked search but social media chatter and inflatable croc sales soar
The surprise appearance of a 6ft long crocodile on Crete is sending ripples through Greece and the social media world beyond.
The reptile, believed to have been abandoned, became an overnight sensation after being spotted last week basking in the sun near an artificial lake south of the island's resort town of Rethymnon.
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