Live Nation secures lucrative Greek Theatre management contract

... today backed Live Nation Worldwide's bid to run the Greek Theatre, which has been managed for the past 39 years by Nederlander Concerts.

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The Geek vs. The Greek: NFL Picks, Week 8

The Greek says: These two AFC West teams know each other very well — the Chargers went into Denver late last year and beat the powerhouse ...

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Live Nation Wins First Battle for The Greek

In its request for proposal, Live Nation laid out its estimates: Hosting 1,400 events at the Greek over 20 years (the contract is for ten years with two ...

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Improvement in VAT collection

While Greece came top among European Union states in terms of improving its value-added tax deficit in 2012, it still ranks among those with the biggest problems in VAT collection. According to data presented in a special report by the European Commission... ...

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Greece Police warn of school hoax

Both the Greece Central School District and Greece Police are receiving phone calls regarding door to door sales of "Around the Town" books.

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Police In Greece Say Someone Is Going Door-to-Door in Fake Fundraiser

According to the Greece Police Department, the scam involves sales of "Around the Town" books, which are supposedly a fundraiser for the Holmes ...

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Police warn residents about people selling books door to door in Greece

Officers say callers have reported people selling books in Greece under the name of “Around the Town” books. The salesmen say they are raising ...

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Kenyans head to Greece to defend marathon titles

KENYA'S defending Athens Classic Marathon champions Hillary Yego and Nancy Rotich will return to defend their titles on November 9. Yego caused ...

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Greece Police Warn Of Fake School Fundraiser

The district says it has been is receiving phone calls regarding the alleged door to door sales of "Around the Town" books. Callers telling the school ...

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Isramworld Adds Variety of Tours to Greece to Its Expanding European Presence

Greece draws travelers not only with its ancient temples, sculptures, and ruins, but also with its beautiful beaches, unique architecture, irresistible ...

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Rep. Gus Bilirakis Leads Congressional Delegation to Greece and Cyprus

NEW YORK – Congressman Gus Bilirakis (R-FL) is a champion of the foreign policy issues that concern the Greek- and Cypriot-American communities. He works hard to develop support among his colleagues on those issues, but because experience has taught him the value of getting officials to visit Greece and Cyprus, he recently lead led his […] The post Rep. Gus Bilirakis Leads Congressional Delegation to Greece and Cyprus appeared first on The National Herald.

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Everton held by Lille but remain top in Europa League

Paris (AFP) - Everton retained top spot in Group F on Thursday as they battled to a 0-0 draw at Lille in Europa League action following a day of trouble and fighting in the city centre between fans and police ahead of the tie. The Merseysiders, who last won their only continental trophy in 1985 when they lifted the now defunct Cup Winners' Cup, enjoyed the lion's share of possession but lacked a cutting edge up front as Nigerian number one Vincent Enyeama kept the visitors at bay. The stalemate lifts Roberto Martinez's team up to five points from three matches with Germany's Wolfsburg alone in second on four after they defeated Krasnodar 4-2 in Russia. "I knew it would be a tough game against a good Lille side but I was a bit disappointed with the pitch," said Martinez. "People might not have been able to see on television but the pitch was very difficult and we couldn't get on the ball as much as we'd have liked," added the Spaniard. "It's another very good away performance and a good away point so I'm happy with the result."Earlier in the day and the night before the match, fans from both sides were involved in a series of street battles as police were forced to step in with tear gas. There were a handful of minor injuries. Lille remain third after three straight draws with Krasnodar dropping to the bottom on two. It was Wolfsburg's first win of the campaign after a draw and a defeat in their earlier two outings. An own-goal from Swedish defender Andreas Granqvist after 37 minutes handed the 2009 German champions the initiative before former Chelsea midfielder Kevin de Bruyne doubled their lead just after half-time. Granqvist helped repair his earlier blunder when he converted from the penalty spot five minutes later but Luiz Gustavo restored Wolfsburg's two goal advantage with a 64th minute strike. Belgian international De Bruyne grabbed his second of the match with 10 minutes left as Wolfsburg gave themselves a cushion before Brazilian Wanderson closed out the scoring with a late consolation goal. - Group J shaken up -In Group J, northern Danish side Aalborg shook up the pool as they defeated previously unbeaten Dynamo Kiev of Ukraine 2-0 while Romanian hopefuls Steaua Bucharest hung on to defeat Rio Ave of Portugal 2-1. Thomas Enovoldsen put the Danes in front after just 11 minutes before Nicolaj Thomsen wrapped up the points just before half-time. Croatian outfit Rijeka were too strong for former Dutch champions Feyenoord in Group G as they dragged themselves back into contention with a 3-1 home win. All the goals came in the last 27 minutes as Rijeka climbed into second spot on four points alongside Standard Liege with defending champions Sevilla top of the pile on five after a 0-0 draw in Belgium.  In Switzerland, Young Boys stunned former UEFA Cup winners Napoli 2-0 thanks to goals from former Paris Saint-Germain striker Guillaume Hoarau and Leonardo Bertone. The win takes Young Boys top of Group I on goal difference ahead of Napoli while Sparta Prague can draw level on six points with a win at Slovan Bratislava in a match yet to be completed following crowd trouble in Slovakia. Fiorentina are in full command of Group K as they made it three wins from three with a 1-0 success in Greece at PAOK, who remain on three points and in third spot. French side Guingamp are alone in second on four points after holding Dinamo Minsk 0-0 as the Belarus club picked up their first point. Twelve matches are slated for later on Thursday with Ligue 1 club Saint-Etienne taking some 10,000 supporters to Inter Milan, Tottenham at home to Greek side Asteras Tripolis and Scottish champions Celtic at home to Astra Giurgiu of Romania. Join the conversation about this story »

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Statement From Live Nation Re: Greek Theatre

LOS ANGELES, Oct. 23, 2014 /PRNewswire/ -- Live Nation is pleased that the Recreation and Parks Commission unanimously selected our company to be the new operator of the Greek Theatre. The Greek is an incredible Los Angeles treasure, owned by the people of this city. Live Nation engaged in the City's RFP process with focus and determination. Following a rigorous process, Recreation and Parks ...

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Samaras, Juncker examine Greek proposal for emerging from bailout

Prime Minister Antonis Samaras and incoming European Commission President Jean-Claude Juncker discussed on Thursday the broad strokes of Greece’s plan for emerging from its loan program as well as a pending review by the troika, which must be completed be... ...

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Live Nation Wins Round In Greek Theatre Bid

Live Nation's bid for the concession contract to operate The Greek Theatre in Los Angeles will be forwarded to the City Council for approval on a 3-0 ...

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'Xenia': The Origins of Greek Hospitality

When Mediterranean buffet buffs visit Mississauga's The Big Fat Greek Buffet, diners know that in addition to outstanding Greek food they will also ...

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EU leaders struggle for 'difficult' climate deal

Brussels (AFP) - European Union leaders warned it would be tough to seal a high-stakes climate change deal as they began talks Thursday on a pact aimed at making Brussels a global trailblazer for decades to come.The two-day EU summit will focus on an ambitious package of climate change targets for 2030 but also tackle the Ebola crisis, economic stagnation and the crisis in Ukraine.But deep divisions over the cost of the climate measures were holding up a deal, especially from coal-reliant Poland, and key targets remained in doubt even as leaders of the 28 nations arrived for the summit."The negotiations won't be easy and I can't say if there will be a result," German Chancellor Angela Merkel told reporters.The EU wants to agree on what would be some of the world's toughest climate change targets ahead of a summit in Paris in 2015, at which a new UN-backed global treaty is to be agreed.EU nations broadly agreed on two key areas: binding targets to cut greenhouse gas emissions by 40 percent over 1990 levels and to make renewable energy such as solar and wind power account for 27 percent of energy, sources told AFP.But a third major benchmark for energy efficiency was a bigger headache, with negotiators proposing a non-binding target of 27 percent for energy efficiency only at the last minute on Thursday, they said. - 'One country resisting' -EU leaders had yet to confirm those targets and the talks could go on late into the night.French President Francois Hollande said a deal was "in view" and that he was doing everything possible with Germany and Britain to secure a deal, but acknowledged that "there is one country at the moment which is resisting.""If there is no agreement in Brussels between the most advanced countries on this issue, how can we convince the Chinese, the Americans or poorer countries?" he told reporters.Hollande did not name the hold-out country, but Poland's pointman on climate issues, Marcin Korolec, said on Twitter Thursday that a "deal is still quite far away. Final work begins now."Poland's prime minister Ewa Kopacz has previously threatened to veto a deal, with her country's heavy reliance on coal meaning it would be expensive to convert power plants to meet the climate targets.Countries like Portugal and Spain are at odds with France over their desire to build more cross-border cables to export surplus electricity produced by wind power.The whole EU is meanwhile worried by its reliance on gas from Russia, with relations with Moscow at their lowest point since the end of the Cold War over the crisis in Ukraine.European Council president Herman van Rompuy said he would hold one-on-one talks with certain countries on Thursday night to try to push through a deal."An agreement on climate change would be the best possible farewell" for him and European Commission chief Jose Manuel Barroso before they leave office at the end of this year. - Ebola action -Agreement is likely to be simpler on action to tackle the Ebola outbreak in west Africa, which has claimed nearly 4,900 lives, and prevent it from becoming a global threat.British Prime Minister David Cameron said on his way into the summit that EU nations "need to do more" than the nearly 600 million euros ($750 million) they have currently pledged to fight the virus.An EU Ebola "czar" is expected to be named at the summit, according to a draft of the conclusions seen by AFP.The leaders will discuss the Ukraine crisis although any progress is unlikely as an EU review on the ceasefire between Kiev and pro-Moscow rebels is not due until next Tuesday.They will search for ways on Friday to foster economic growth and jobs amid fears of a triple-dip recession.They will also urge Turkey to respect Cyprus's rights, after Nicosia slammed Ankara for sending a survey vessel into an area where Cyprus is exploring for oil and gas, according to the draft statement.Cyprus President Nicos Anastasiades was briefly hospitalised with high blood pressure in Brussels on Thursday and asked Greece's premier to represent him at the summit. Join the conversation about this story »

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Archbishop Demetrios of America in Cyprus

Archbishop Demetrios of America had a full schedule of meetings yesterday, during the second day of his visit to Cyprus. High on his agenda was the preservation of Greek language and the humanitarian issue of missing persons since the island’s Turkish Invasion in 1974. In the morning, he visited Education Minister Costas Kadis, with whom he discussed the strengthening of relations between the Ministry and the Archbishopric in the United States, as well as promoting the Greek language in schools. In addition, the Archbishop visited the Anthropology Lab of the Committee on Missing Persons (CMP) at the old Nicosia airport, followed by a visit to the Leventis Art Gallery, where he was given a tour of the exhibits. At noon, he was invited to lunch by Greek Ambassador Vasilis Papaioannou, while later, Archbishop Demetrios met with Commissioner for Humanitarian and Overseas Affairs Fotis Fotiou and U.S. Ambassador John Koenig. Last night, he was hosted at a private dinner in Limassol by President Nicos Anastasiades’ wife, Andry Anastasiades, at their home. Invited by President Anastasiades, Archbishop Demetrios arrived in Cyprus on Tuesday, and during his week-long visit, his agenda includes, amongst other issues, the Cyprus problem, charity foundations in Cyprus and educational issues. His departure is scheduled for October 27, while during his stay he will also visit historic holy sites.

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Turkish Film Week at the Greek Film Museum

The Turkish Film Week at the Greek Film Museum opened today, October 23, and 14 films from Turkey will be presented as samples of the Turkish production. The event is supported by the General Directorate of the Turkey’s Film Culture and Tourism Ministry, under the auspices of the Embassy of Turkey and the Consulate General of Athens-Piraeus. The tribute, which lasts until Wednesday, October 29, marks the anniversary of 100 years of Turkish cinema. “I Am Not Him” will be the opening film. A co-production between Greece, Turkey and France, which will be presented in Greece for the first time. The program also includes two film milestones of Turkish cinema. The classic “The Bride” (directed by Ömer Lütfi Akad), a legendary 1973 film, and “The Girl With The Red Scarf” (directed by Atif Yilmaz), a film of Turkish cinema’s golden age (1977). The tribute will also include films that left their mark on the development of Turkish cinema, as they offered a new type of fruitful artistic expression, focusing on personal cinema, starring ordinary, everyday people with contemporary problems, much like the Turkish population of the 21st century, such as political dilemmas and internal conflicts. Greek and Turkish filmmakers will have the opportunity to meet, while the audience will have the opportunity to meet actors and crew members who contributed in the making of several films.

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Greek adviser leaves for UC Berkeley advising job

After two years of advising the Greek community, Megan Lebre is leaving California State University, East Bay. She is moving to advise students at ...

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Greece police: Door-to-door book sales aren't legit

In a press release, Greece Police Sgt. Jared René said the Greece Central School District has fielded numerous calls from worried residents ...

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GUEST VIEW: Don't go Greek in the bathroom

There was one thing that bugged me in Greece and that was adjusting to the bathroom situation. When our group was traveling and eating in different ...

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Greece PM To Seek EU Leaders' Support On NPL Treatment Dispute

ATHENS (MNI) - Greece's Prime Minister, Antonis Samaras, will seek alliances among his peers Thursday on the thorny issue of treatment on ...

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The Importance of Being Exceptional: From Ancient Greece to 21st Century US

The origins of the phrase “American exceptionalism” are not especially obscure. The French sociologist Alexis de Tocqueville, observing this country ...

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Greece submits draft bill on tax relief measures

ATHENS, Oct 23 (Reuters) - Greece's coalition government submitted promised tax relief legislation to parliament on Thursday as part of efforts to ...

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Holidays to Greece

Whether you're looking for a family holiday, a romantic getaway, beautiful beaches or lively nightlife, Greece ticks all of the boxes. And if it's good ...

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Greece begins ELVO assets sale

The Greek government has commenced selling the assets of Hellenic Vehicle Industry (ELVO), the state-owned land systems producer that was ...

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Elgin marbles belong to all, not only modern Greece

A high-profile team of London lawyers met with the Greek government on Oct. 14 to help boost Greece's long but so far futile campaign to reclaim from ...

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Greece police: Door-to-door book sales aren't legit

In a press release, Greece Police Sgt. Jared René said the Greece Central School District has fielded numerous calls from worried residents ...

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Investor's Alert: National Bank of Greece (ADR) (NYSE:NBG), Abbott Laboratories (NYSE:ABT ...

On 17 October National Bank of Greece (ADR) (NYSE:NBG) may be forced to unload stakes in some of its lucrative assets to shore up its balance ...

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GREECE: Samaras to represent Anastasiades at EU and EPP meetings

Greek Prime Minister Antonis Samaras will be representing President of the Republic of Cyprus Nicos Anastasiades at the European Council and EPP ...

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Houston Rockets: There's A New Big Papa In H-Town

Big Papa is merely a mysterious international player in the eyes of casual NBA fans; however, various aspects of his time in Greece allude to the fact ...

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The “First CD-ROM”, Phaistos Disc, Stores Prayer to Mother

The first ever CD-ROM, the infamous and enigmatic Phaistos Disc that was made 4,000 years before the development of computer science, is believed to have been unscrambled by researchers of the Technological Education Institute of Crete, Greece.  According to Dr. Gareth Owens, the disc “stores” a prayer to a mother, Archaeology News Network reported. Experts have been trying to read the pictoral signs for almost a century and this is the latest attempt to interpret what its 241 tokens, made up of 45 unique signs, mean. Dr. Owens believes he has identified the keywords “pregnant mother” and “lady of great importance,” and the next step is to unravel the signs’ specific meaning, as well as its ancient use. The “first Minoan CD-ROM” was recorded using an ancient language made up of signs, including what looks like a plumed head, a child and even a beehive. The disk is thought to date to the middle Minoan Bronze Age, in the second Millennium BC, and was surfaced in 1908 at the Phaistos palace in Crete. It measures six inches (15 cm) in diameter and is covered in a spiral of stamped signs on both sides. So far, most experts believe that the inscription should be read from the outside edge of the disk, inwards. “The most stable word and value is ‘mother,’ and in particular, the mother goddess of the Minoan era,” Dr. Owens said in a public talk at the Institute. To come up with his theory, he had to look at groupings of signs found on three of parts of one side of the disc. They spell out “I-QE-KU-RJA” and Dr. Owens said that “I-QE” means “lady of great importance.” On the other side of the double-sided disc, he identified the word “AKKA,” which, he said, means “pregnant mother.” Therefore, Dr. Owens thinks that one side is dedicated to a pregnant woman and the other to a woman giving birth. During his speech at TED talk in May, he explained that modern CD-ROMs are used in the same way as the ancient disc, storing information. Its importance is based on the fact that it comes from Minoan Crete, the continent’s first literate civilization.

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Tottenham Hotspur v Asteras Tripoli: Europa League live!

Europa League updates as Spurs take on Asteras TripoliClick here for the rest of the nights live scoresSend any thoughts to ian.mccourt@theguardian.comOr get in touch over on the Twitter @ianmccourt 7.38pm BST So when you read that March 24 was the day that both Ivan Kruzliak and Chris Bosh were born on, the same day that Hickland and Hasselhoff became one and the same day that The Breakfast Club is set, you thought that day could not get any better, right? How wrong you were. Let Simon McMahon explain why. Things that happen on March 24? Its National Tree Planting Day in Uganda, you know, he cheers. 7.25pm BST Tonight, you shall be watching this mötley crüe do their respective things. Tottenham, it would seem, are taking the game pretty seriously by returning Adebayor and Townsend to their starting lineup. Joining them is Vertonghen, about whom speculation regarding his future just wont go away, and Kane who, along with Lloris, has been one of Spurs better players in this competition this season. Chadli who had been suffering with an unspecified injury makes the bench but Danny Rose and Kyle Naughton are not so lucky. As for Asteras, the curse of the preamble has struck for Barrales and he too will be watching from the comfort of the bench. Those teams in full then are as follows: Tottenham: Lloris; Dier, Vertonghen, Fazio, Davies; Dembélé, Capoue; Lamela, Kane Townsend; Adebayor. Subs: Vorm, Chiriches, Lennon, Chadli, Eriksen, Stambouli, Soldado. 7.05pm BST The common consensus is that most players/fans would prefer to declare themselves a god, realise that meant sex was only for mortals, study monks and vasectomies and then perform one on themselves before jumping off a two-story balcony, rather than be associated with the Europa League. And somedays its hard to argue against that. In an already pretty crowded schedule, there are far too many games to reach the top, there are far too many teams trying to reach the top and the idea that a Champions League team can be rewarded for their failure in that competition by just swanning in and taking a place in the round of 32 makes the whole thing stink of farce and taste like that cheap and nasty, yellow pack rot-gut they used to sell in Quinnsworth.And yet, glory is glory is glory is glory is glory is glory. Should Tottenham progress past the group stages, navigate the round of 32, do one over another in the round of 16, get a decent draw in the quarters, go hard in the semis and reach the final, youd have to be one hella stubborn Spurs supporter/player not to get excited about the thought of winning a European trophy, especially given the Champions-League tasting carrot that is attached to it. Given their form and placing in the league right now ( Mauricio Pochettino wasnt wrong when he called it a tough period) could that route be Tottenhams best chance of traipsing across the biggest stage next seasons? Hmmm, yeah, maybe, but if so, they have already made life hard for themselves.Their first game in the group C saw them enter an intimidating atmosphere in Belgrade and leave with a point, after some resolute rear-guard action and plenty of profligacy up front. Their second game saw them take on Besiktas, saw them played off the park and once more saw them end with a point, after Demba Ba converted a penalty one minute from time thanks to bone-headed defending from Vlad Chiriches. All of which has left Spurs in third place, two points behind the group leaders and tonights opposition, Asteras Tripoli.You probably know (the Greece version of) Tripoli as the birth place of former Greek prime minister, Konstantinos Georgakopoulos, and for the fact that it is twinned with Peine, Germany, but, of late, Asteras Tripoli have been the reason for the southern citys fame. It has been quite the rise for the Arcadians. Eleven years ago, they were playing in the fourth flight of the Greek league but it took them just another four to secure the back-to-back titles and take their spot in the Super League. Their first few season up top were shaky and there was a bit of slap and tickle with relegation but the the last three have been steadier and seen them record top six finishes, as well finish as runners-up in the Greek Cup.To get where they are today, they have beaten Mainz, Maccabi Tel Aviv, Partizan and drawn away to Besiktas, so any one who thinks Spurs are going to have it easy tonight best take their thinking back to the drawing board. While there, they might want to think about the fact that the Greeks are unbeaten in five games. In his pre-match presser, Staikos Vergetis, indicated that his side would rock up at White Hart Lane with defence in mind (and that is what they worked on in the a cold north London last night) but this is a side that is laced with some silky and strong Argentinians, not least their main goal threat, Jerónimo Barrales (who know that he has been mentioned here will surely be dropped to the bench). They wont stay back forever though their back four will be hampered by the loss of Dorin Goian to an ankle injury and they will look to hit and hurt Tottenham on the counter (only Mainz have stopped them from scoring in Europe this season).This is going to be a tough one for Tottenham. News of the 11 men that Pochettino thinks can do this is on its its way, as is 90 minutes of football. Woop! Continue reading...

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Live Nation Poised To Take Over Management Of Greek Theatre

LOS ANGELES (CBSLA.com) — Management of the Greek Theatre will be considered Wednesday by the city Recreation and Parks Commission, ...

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Future management of Greek Theatre to be reconsidered by city

The future of the Greek Theatre's management will be considered by the city Recreation and Parks Commission again today after the panel delayed ...

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Four Greek firms accused of EU subsidy fraud

An Athens Court of First Instance prosecutor has brought criminal charges of fraud against four Greek companies believed to have pocketed millions of euros in European Commission subsidies while judicial authorities have asked their counterparts in Brusse... ...

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Independent Greeks leader claims MPs were blackmailed

Independent Greeks leader Panos Kammenos (photo) told a prosecutor investigating claims of an attempt to bribe MPs that the government has allegedly used the Financial Crimes Squad (SDOE) to pressure lawmakers from his party. Panayiotis Panayiotopoulos is... ...

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President Papoulias’ Message to Cyprus: Greek People Support You

President of the Hellenic Republic Karolos Papoulias characterized illegal and provocative the Turkish government’s decision to send seismic vessel “Barbaros” inside Cyprus’ Exclusive Economic Zone (EEZ) to carry out surveys for natural gas resources until the end of December, escorted by one Turkish Navy battleship and two supporting cruisers, earlier this month. In a message sent to his Cypriot counterpart Nicos Anastasiades, Papoulias spoke of a blatant violation of Cyprus’ sovereignty from the Turkish side, expressing at the same time the support of the Greek people. “At a time when the sovereign rights of the Republic of Cyprus in its Exclusive Economic Zone are violated in an illegal and blatant way from Turkey, I would like to express the unanimous support of the Hellenic Republic and the entire Greek population,” he said in his message, while highlighting the need for solidarity to Cyprus, in a diplomatic manner, by the European Union. Concluding, the Greek President expressed the “hope and expectation that the actions your government takes, in response to this situation, have a positive result.”

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UNC's Fake 'Paper Classes' Were Not Just For Athletes — They Were Also Very Popular With Frat Boys

While most of the attention following Wednesday's report of widespread fake classes at the University of North Carolina Chapel Hill has focused on the school's student athletes, more than 50% of the students enrolled in the so-called "paper classes" were non-athletes — with many being referred through the campus' fraternity system. According to investigator Kenneth Wainstein's report, the "paper courses" — which never met and only required one final paper — were "hardly a secret" on campus and predominantly spread by word-of-mouth among undergraduates. "As with any course that offers an easy path to a high grade, word of these classes got around," the report states. One of the largest referrers to these fake courses run by the African and Afro-American Studies department was UNC's fraternity system. The investigators spoke to several fraternity members about the paper courses: [Two] fraternity members explained that they saw these classes as somewhat of a "loophole" in Chapel Hill's otherwise demanding curriculum, and they never conceived of these classes as being in any way tailored to athletes. In fact, they recalled that a number of their non-athlete fraternity members took so many AFAM classes that they inadvertently ended up with AFAM minors by the time they graduated. According to the Wainstein report, "Over the course of ten years, there were 729 enrollments in the paper classes by members of fraternities (and some sorority sisters)." The report notes that fraternity members may have another incentive to take the courses besides a normal student desire for easy A's. At UNC — much like athletes need a certain minimum GPA to remain eligible to compete — each Greek house needs to achieve an overall minimum GPA among its members to maintain university recognition and stay on campus. The report notes that the investigators "understand that the need to meet these requirements played a role in the decision among fraternity members to take these classes." More than 3,100 students were enrolled in the "paper classes" over an 18-year period.SEE ALSO: Here's How UNC's Massive Fake Class Scandal Worked FOLLOW US! Check Out BI Colleges On Facebook Join the conversation about this story »

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Pharmacists’ chief warns of drugs shortage in Greece

There is a shortage of medicines in Greece, particularly vaccines for children, the head of the country’s Pharmacists’ Association, Constantinos Lourantos, warned on Thursday. He blamed a lack of supply and firms exporting drugs to markets where they coul... ...

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Cyprus president ill, plans to send premier to summit

Cyprus President Nicos Anastasiades was briefly hospitalized with high blood pressure Thursday in Brussels and asked Greece’s premier to stand in for him at an EU summit, the government said.

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Amendment for Debt Settlement Tabled in Greek Parliament

An amendment on the settlement of arrears towards tax registry offices and social security funds was tabled in Greek Parliament today. The amendment was attached to an Administrative Reform Ministry bill that has been under discussion at the Parliament since yesterday. The vote on the bill’s articles and its amendments is expected to be completed on Friday. The bill included a reduction in Greece’s VAT rate for restaurants and solidarity contribution of individuals. The amendment regarding arrears introduces two debt settlement schemes: one offering 100 installments for debts of 15,000 euros or less and one with 72 installments for debts over 15,000 euros, as well as substantial interest rate reductions. • The legislation provides for relief from surcharges, which depends on the number of installments: -100% for a lump sum payment -90% if the debt is paid in 12 installments -80% if the debt is paid in 24 installments -70% if the debt is paid in 36 installments -60% if the debt is paid in 48 installments -50% if the debt is paid in 60 installments -30% if the debt is paid in 72 installments -20% if the debt is paid in 100 installments Legal regulation in 100 installments will only apply to those who have debts up to € 15,000. The minimum amount of the monthly adjustment payment cannot be less than 50 euros. • Those who wish to remain in the settlement, will be given an additional 20% discount on the price increases due to interest and penalties, which will apply retroactively from the date of their accession to the settlement. • After obtaining the settlement, fines for the Tax Procedures Code and the Code of Public Revenue Collection will not be calculated. Of course, surcharges will be calculated at the rate of 4.56%.

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EU leaders seriously concerned at Greek Cyprus, Turkey tensions: Draft

European Union leaders will call on Turkey to respect Greek Cyprus's sovereign rights, expressing "serious concern" at fresh tensions between the ...

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Chobani Tries to Sell Parents on Greek Yogurt for Babies

Chobani, the largest Greek yogurt brand in the U.S., plans to introduce a new yogurt aiming at ages six months to two years. The launch will include ...

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Greek FinMin: Positive Growth Rate in Third Quarter of 2014

Addresing the Francophone Economic Forum in Athens earlier today, Greek Finance Minister Gikas Hardouvelis appeared optimistic over the country’s growth rate in the third quaretr of the year. “After six years of continuous shrinking, the Greek economy is expected to have a positive real growth rate in the third quarter of 2014 and a positive annual real growth rate of GDP in 2014, a ‘breakthrough’ development,” the Minister said. While commenting on the next day, following the exit from the memorandum, Hardouvelis underlined that it must be a day of reasonable responsibility and argued that, after the stress tests results on Sunday, Greek banks must become “the basic pillar of growth funding investments and offer liquidity to businesses.” He also reassured that fiscal credibility and structural changes are on track and would be secured, adding that the recent fluctuations in capital markets demand a better coordination and consistency amongst Eurozone members in order to complete their reform programs. “Fulfilling fiscal targets, improving economic data, continuing reforms and, mostly, political responsibility and stability” are preconditions for the new era of Greece’s relations with its European partners and the International Monetary Fund (IMF), Hardouvelis said, arguing that the only sustainable solution for the future of the country’s economy is raising productivity, attracting new investments and boosting exports. In addition, the Greek Finance Minister characterized the plans, announced by European Commission President Jean-Claude Junker, to drain 300 billion euros for additional public and private investments in the upcoming months, as “very positive.” At the same time, he also welcomed the European Central Bank’s (ECB) decision to boost liquidity through the purchase of secured loans and covered bonds, along with setting up an action force by the European Commission and the European Investment Bank to support businesses. “We look forward, with great interest, to a joint package of proposals aimed to boost investments by the French and German governments. Greece must take advantage of the previous years’ national effort and enter the new era of prospect for the country with responsibility and a gradual improvement of citizens’ living standards,” Hardouvelis concluded.

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Greece’s bail-out: Not so fast

Tsipras: the next prime minister? GREECE’S plans for a clean exit from its international bail-out are in disarray. A sharp rise in bond yields has stymied the government’s plan to borrow about €9 billion ($11 billion) abroad in 2015 to meet debt repayments and ease the impact of austerity measures, which have left more than 35% of Greeks at risk of poverty. Instead, the prime minister, Antonis Samaras, will have to negotiate a new credit line with the European Union or, worse, accept 15 more months of tough supervision by the IMF, in return for €12 billion.Mr Samaras still insists the “era of the memorandum” (as Greeks call the bail-out) is ending, and talks up renewed foreign investment. Following a record summer tourism season, international hotel chains are eager to snap up properties on popular Aegean Islands. The Greek privatisation agency, Taiped, is considering three bids from international groups seeking to manage 14 regional airports. China’s Cosco group is spending €230m to enlarge its container-handling terminal at Piraeus. According to the EU and the IMF, Greece’s economy will grow by 0.6% this year and 2.9% in 2015....

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Charlemagne: Gummed up

IT WAS just like old times. On October 16th, almost five years to the day after Greece’s government triggered the euro crisis by confessing that its budget deficit was twice as big as had previously been reported, yields on Greek ten-year debt rose to 9%, and share prices tumbled. Long-suppressed memories of bail-outs, late-night summits and market meltdowns briefly resurfaced. Perhaps the crisis wasn’t over after all?The panic soon subsided. Investors’ concerns were limited to political uncertainty in Greece, and a plan by the country’s embattled prime minister, Antonis Samaras, to exit its IMF bail-out programme early. Greece remains the runt of the euro-zone litter, labouring under a debt pile equivalent to 175% of GDP and a sky-high unemployment rate. But there are slivers of light: after six grinding years of recession, it may grow modestly this year. Elsewhere, too, the champions of austerity have found cause for cheer: unemployment is down and output up (a bit) in Spain and Portugal; Ireland, which had to be bailed out in 2010, seems to be experiencing a mini-boom. Even France and Italy appear finally to have accepted the need to reform.The overall picture...

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Greek Professor Presents New Book On Asia Minor Catastrophe

Earlier this week, the Danish Institute in Athens, Greece, hosted a presentation event for a book written by Greek Professor of Clinical Psychology at the University of Copenhagen Libby Tata Arcel, entitled “Me to Diogmo stin Psychi” (The Persecution ...

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Greek man in Sharjah hospital after falling from child's swing while taking photos

SHARJAH // A Greek man is in intensive care after falling on a piece of iron while taking photographs as he rode on a child's swing. The 31-year-old ...

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