 |
| READ THE ORIGINAL POST AT www.intercooleronline.com |
How the world sees Greece
Thursday, July 24, 2014
National Bank of Greece Short Interest Down 36.0% in June (NBG)
ECB's 'whatever it takes' strategy is still work in progress
|
| READ THE ORIGINAL POST AT www.livemint.com |
Beautiful Greek Orthodox Christian Byzantine Music:Father Spyridon's Chant Group
|
| READ THE ORIGINAL POST AT www.youtube.com |
The 18th International Festival of Ancient Greek Drama presents its last curtain call with
|
| READ THE ORIGINAL POST AT www.pafos2017.eu |
Presidential election will not lead to snap elections, Samaras tells ND deputies
Prime Minister Antonis Samaras has told New Democracy MPs that he does not think Greece will go to snap elections early next year over the election of a new president.
Speaking off the record to New Democracy deputies at the Parliament's cafe following th... ...
|
| READ THE ORIGINAL POST AT www.ekathimerini.com |
Presidential election will not lead to snap elections, Samaras tells ND deputies
Prime Minister Antonis Samaras has told New Democracy MPs that he does not think Greece will go to snap elections early next year over the election of a new president.
Speaking off the record to New Democracy deputies at the Parliament's cafe following th... ...
|
| READ THE ORIGINAL POST AT www.ekathimerini.com |
PPC approves $243 million wind investment in Greece
Public Power Corp., Greece’s biggest electricity provider, approved a 180 million euro ($243 million) investment for wind projects in the north of the country and a tender for a smaller facility in Crete.
The decision enables Greece’s energy regulator to ... ...
|
| READ THE ORIGINAL POST AT www.ekathimerini.com |
Greece: Hope In Short Supply
A welcome breeze drifts across the square as I sit observing early morning Greece getting ready for another searing hot day. I'm at a Cafe populated by souls from all walks of life, mostly here alone, getting their ritual caffeine fix before the day's ...
|
| READ THE ORIGINAL POST AT www.huffingtonpost.co.uk |
Greece v Bosnia and Herzegovina 1st Round 2014 U18 European Championship
|
| READ THE ORIGINAL POST AT www.youtube.com |
Greece has received the 'green light' from the EC for Cosco
|
| READ THE ORIGINAL POST AT www.balkans.com |
Greece: NERIT confirms participation in Eurovision 2015
NERIT, the national Greek broadcaster has confirmed to ESCTOday.com that Greece will participate at the forthcoming 2015 Eurovision Song Contest in Austria. The method and mechanism that Greece will use in order to select its Eurovision entry is yet to ...
|
| READ THE ORIGINAL POST AT esctoday.com |
Democracy 'retreated' during crisis, says Papoulias
The crisis caused the democratic process to "retreat" and that is probably the most dramatic side effect of the financial crisis noted Greek President Karolos Papoulias in a statement marking the restoration of democracy in Greece following the fall of th... ...
|
| READ THE ORIGINAL POST AT www.ekathimerini.com |
Democracy 'retreated' during crisis, says Papoulias
The crisis caused the democratic process to "retreat" and that is probably the most dramatic side effect of the financial crisis noted Greek President Karolos Papoulias in a statement marking the restoration of democracy in Greece following the fall of th... ...
|
| READ THE ORIGINAL POST AT www.ekathimerini.com |
Why most Europeans see poverty in their future
by
NEOnline
Struggling with low salaries, high unemployment and job insecurity, a majority of Europeans fear their troubles will only get worse, according to a recent report published by the Brussels-based Bruegel, a European think-tank specialising in economics.
The think-tank cited a Eurobarometer public opinion survey on the social impact of the crisis. A whopping 80% of Europeans believe poverty has increased over the past year, according to the findings of the survey which was conducted on behalf of the European Commission. In fact, after six years of recession, a third of respondents in Greece reported they have run out of money to pay for utilities, food and other daily consumer items. A similar situation was described by over 30% of respondents in Latvia, Lithuania, Bulgaria, Romania and Hungary.
The Eurobarometer survey no doubt paints a grim picture, but a deeper look at the situation is even more unsettling. This is based on the Severe Material Deprivation Rate – an indicator that assess poverty as the share of people who cannot afford at least four of these items: rent, mortgage or utility bills, heating, unexpected expenses, a meal of meat, chicken or fish every second day, one-week annual holiday away from home, a washing machine, colour television, telephone or a car.
According to this indicator, poverty varies widely across the 28-member European Union. For instance, Bulgaria has the highest rate (44.1%) and Luxembourg has the lowest (1.3%).
Other disparities can be seen between young and old. For instance, the Severe Material Deprivation Rate is 11.7% for youth (under 18) and only 7.5% for those over the age of 65.
As reported by Bruegel, whose membership includes EU governments, international corporations and institutions, this generational divide has increased since the start of the economic crisis.
“While the fall in severely materially deprived elderly people is a welcomed development, the adverse development for children is worrying,” Bruegel reports. “Looking at the unemployment rate, we observe an increase in all EU countries in the period 2007–2012 with the exception of Germany, while the rate remained practically unchanged in Austria, Malta, Finland and Poland.”
In 2007, the EU average unemployment rate stood at 7.2%. By the third quarter of 2013, this rate had increased to 10.9%. The countries with the lowest unemployment rates are Austria, Germany and Luxembourg, as opposed to Greece, Spain, Croatia, Cyprus and Portugal, where the rate is very high.
“Overall we note that there was an increase in the South-North divide in terms of unemployment, which has reached unacceptably high levels in several south European countries and leads to more polarisation across Europe,” reports Bruegel.
What is more, the percentage of people living in jobless households has increased significantly, especially in Ireland where one in five children in 2012 lived in a household where no one worked. The share of such children was higher than 15% in Bulgaria, the United Kingdom and Hungary.
Meanwhile, using the so-called Gini coefficient - the most commonly used measure of inequality, the highest levels of inequality in 2012 were registered in Latvia, Spain, Greece and Portugal. The lowest were reported in Slovenia, Czech Republic and Sweden.
According to Bruegel Director Guntram Wolff and Senior Fellow Zsolt Darvas, inequality in most advanced economies has been rising since the early 1980s and could be the reason for the pre-crisis increase in household debt and the consequent consumption squeeze during the crisis. As a result, the situation has undermined the citizens’ trust in the EU and their own governments.
This could devitalise the acceptability of painful structural reforms and fiscal consolidation measures and, in turn, diminish the reform momentum or even lead to political instability, according to Bruegel.
|
| READ THE ORIGINAL POST AT www.neurope.eu |
Quadriplegic woman on life support 'dies due to unpaid power bills'
A 56-year-old quadriplegic woman on life support died on Wednesday, allegedly because Greece's public utility cut the power off due to her unpaid bills.
According to the state-run Athens News Agency, the woman living in Chania, on the island of Crete, fac... ...
|
| READ THE ORIGINAL POST AT www.ekathimerini.com |
Why most Europeans see poverty in their future
by
NEOnline
Struggling with low salaries, high unemployment and job insecurity, a majority of Europeans fear their troubles will only get worse, according to a recent report published by the Brussels-based Bruegel, a European think-tank specialising in economics.
The think-tank cited a Eurobarometer public opinion survey on the social impact of the crisis. A whopping 80% of Europeans believe poverty has increased over the past year, according to the findings of the survey which was conducted on behalf of the European Commission. In fact, after six years of recession, a third of respondents in Greece reported they have run out of money to pay for utilities, food and other daily consumer items. A similar situation was described by over 30% of respondents in Latvia, Lithuania, Bulgaria, Romania and Hungary.
The Eurobarometer survey no doubt paints a grim picture, but a deeper look at the situation is even more unsettling. This is based on the Severe Material Deprivation Rate – an indicator that assess poverty as the share of people who cannot afford at least four of these items: rent, mortgage or utility bills, heating, unexpected expenses, a meal of meat, chicken or fish every second day, one-week annual holiday away from home, a washing machine, colour television, telephone or a car.
According to this indicator, poverty varies widely across the 28-member European Union. For instance, Bulgaria has the highest rate (44.1%) and Luxembourg has the lowest (1.3%).
Other disparities can be seen between young and old. For instance, the Severe Material Deprivation Rate is 11.7% for youth (under 18) and only 7.5% for those over the age of 65.
As reported by Bruegel, whose membership includes EU governments, international corporations and institutions, this generational divide has increased since the start of the economic crisis.
“While the fall in severely materially deprived elderly people is a welcomed development, the adverse development for children is worrying,” Bruegel reports. “Looking at the unemployment rate, we observe an increase in all EU countries in the period 2007–2012 with the exception of Germany, while the rate remained practically unchanged in Austria, Malta, Finland and Poland.”
In 2007, the EU average unemployment rate stood at 7.2%. By the third quarter of 2013, this rate had increased to 10.9%. The countries with the lowest unemployment rates are Austria, Germany and Luxembourg, as opposed to Greece, Spain, Croatia, Cyprus and Portugal, where the rate is very high.
“Overall we note that there was an increase in the South-North divide in terms of unemployment, which has reached unacceptably high levels in several south European countries and leads to more polarisation across Europe,” reports Bruegel.
What is more, the percentage of people living in jobless households has increased significantly, especially in Ireland where one in five children in 2012 lived in a household where no one worked. The share of such children was higher than 15% in Bulgaria, the United Kingdom and Hungary.
Meanwhile, using the so-called Gini coefficient - the most commonly used measure of inequality, the highest levels of inequality in 2012 were registered in Latvia, Spain, Greece and Portugal. The lowest were reported in Slovenia, Czech Republic and Sweden.
According to Bruegel Director Guntram Wolff and Senior Fellow Zsolt Darvas, inequality in most advanced economies has been rising since the early 1980s and could be the reason for the pre-crisis increase in household debt and the consequent consumption squeeze during the crisis. As a result, the situation has undermined the citizens’ trust in the EU and their own governments.
This could devitalise the acceptability of painful structural reforms and fiscal consolidation measures and, in turn, diminish the reform momentum or even lead to political instability, according to Bruegel.
|
| READ THE ORIGINAL POST AT www.neurope.eu |
Exbition "Greek Mythology" and "Typography" Wearable Art Pieces at Lucy's Dream
|
| READ THE ORIGINAL POST AT hanoigrapevine.com |
Exbition "Greek Mythology" and "Typography" Wearable Art Pieces at Lucy's Dream
|
| READ THE ORIGINAL POST AT hanoigrapevine.com |
+91 9694510151 inter cast love marriage specialist in Greece
|
| READ THE ORIGINAL POST AT www.youtube.com |
AP PHOTOS: Church a haven for Muslims in Gaza
Muslim families driven from their homes by the fierce fighting between Israel and Hamas are observing Ramadan in Gaza City's Greek Orthodox church.
|
| READ THE ORIGINAL POST AT hosted2.ap.org |
Subscribe to:
Posts (Atom)