How the world sees Greece
Greek Prime Minister Alexis Tsipras will meet his Italian counterpart, Matteo Renzi in Rome next Tuesday, February 3, Italian government officials told Greek state news agency ANA-MPA. Items on the agenda are expected to include Europe's financial crisis and closer cooperation ...
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Alexis Tsipras (C), Syriza party leader and winner of the Greek parliamentary elections, arrives for his swearing-in ceremony as Greece's first leftist ...
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One of the biggest criticisms of Greek life is that fraternities and sororities are havens for the rich that impose high costs for membership to keep out poor students. Dartmouth College — whose fraternity system was recently called out for its elitism in a former student's controversial memoir — is trying to change this image of Greek life and increase houses' inclusivity. The school's fraternities have made an innovative move to help support students who may not have previously been able to afford to join a Greek house, as Dartmouth president Phil Hanlon highlighted in a speech Thursday announcing policy changes at the college to increase student safety. As part of a series of internal reforms over the Fall 2014 semester, Dartmouth's Interfraternity Council (IFC) proposed "that every fraternity devote a minimum of 15% of their total social and programming budget to financial aid." The cost of Greek membership seems to have been a problem at Dartmouth in the recent past. According to a 2013 article in student newspaper The Dartmouth, "the high costs of Greek organization membership forces many students to turn to scholarship programs in their organization, apply for outside funding or abstain from membership." Greek dues are often hundreds of dollars per semester and can't be covered by financial aid that students get from their college. Local chapters and national organizations grant scholarships to help students cover their dues, but these are typically decided on a case-by-case basis. Making financial aid a built-in part of a fraternity's social budget should ensure that each house can monetarily support any student who wants to join their chapter — regardless of their financial situation.SEE ALSO: I Still Think Joining A Fraternity Was One Of The Best Decisions I've Ever Made Join the conversation about this story »
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It’s time for Greece to leave the euro, default on its debt and move on. I write this with a heavy heart as the short-term consequences for ordinary Greeks could be disastrous, but there is now no other practical way out. Syriza is serious about change ...
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Greece is quickly turning into a nightmare for Europe. Syriza, the radical left-wing political party which won the Greek parliamentary elections over the weekend, surprised the EU by challenging economic reforms as well as the sanctions imposed on Russia.
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While the Greeks did call for the decision on tighter sanctions to be delayed, they were not alone: other countries such as Italy and Austria also favored ...
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President of European Parliament said it clearly: that he would prefer if PM Tsipras had a coalition with To Potami. After a meeting with Potami leader Stavros Theodorakis, Schulz told media: “For me it would be better, Mr. Tsipras had to work with To Potami and not with ANEL (Greek […]
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Stocks in Athens fell this week to lows not seen since the worst of the debt crisis, with Greek banks losing more than $10 billion of value within 48 ...
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JOAN BURTON HAS has compared the new Greek Prime Minister’s debt approach to that carried out by the Irish government. Speaking about a shift from Alexis Tsipras to “renegotiate rather than repudiate”, the Táiniste said this was “precisely what ...
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But much of his address was devoted to alcohol and the Greek system. ... he said, “if the Greek system as a whole does not engage in meaningful, ...
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“”Russian Finance Minister Anton Siluanov told CNBC that Russia would consider giving financial help to debt-ridden Greece. Siluanov said Greece had not yet asked Russia for assistance, but he did not rule out an agreement between the two countries if Greece came asking. “Well, we can imagine any situation, so […]
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(Bloomberg) -- European Union governments moved toward imposing further economic sanctions on Russia as Greece's new administration refrained ...
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A French general on Thursday described the scene of horror that unravelled in Spain when an F-16 Greek fighter jet experienced a technical failure on take-off and crashed into pilots and mechanics on ...
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Mayor de Blasio called newly elected Greek Prime Minister Alexis Tsipras on Thursday to congratulate him.
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Greece owes Germany billions of euros. Or is it the other way around? Seventy years after the end of World War II, Athens and Berlin are still at odds over costs incurred during the Nazi occupation of Greece. In May 1941, Nazi Germany invaded Greece, and ...
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This week as Greeks head into national elections, 600 journalists have descended on the country to supplement the 150 foreign correspondents ...
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"It hasn't remained hidden from you, that because of the new attitude of the Greek government that the debate has not become easier," German ...
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Dartmouth College will ban hard alcohol on campus, forbid pledging at fraternities and sororities, overhaul its student housing model, and roll out a ...
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Investors are trashing Greek stocks and bonds in the aftermath of Alexis Tsipras's election. It's the country's banks, however, that are bearing the brunt ...
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By Sudip Kar-Gupta LONDON (Reuters) - Greek banking shares rebounded on Thursday to recover some ground after hitting record lows in the previous session, with a top Wall Street bank saying the sector ...
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In his first act as prime minister on Monday, Alexis Tsipras visited the war memorial in Kaisariani where 200 Greek resistance fighters were ...
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A Greek fighter jet that crashed on Monday at a Nato base in Spain had suffered a technical fault during takeoff, the French military says. "What we ...
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Greek banks bounced higher on Thursday, finding some support after the previous session's losses took an average of 25 per cent off the share prices ...
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Greece appears to be firmly on a collision course with its euro zone ... So far, Europe has refused to countenance demands from Greece for a debt ...
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Greek bank deposits fell in December for the third straight month as savers stepped up withdrawals amid rising political tensions and the prospect of a stand-off with the country's international creditors, and bankers expect the trend will have accelerated in January. The deposit outflow reported on Thursday came as Greek financial markets have fallen sharply since last weekend's election ...
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Last weekend the ongoing drama of Greek politics and that nation's place in the eurozone entered the next act. The far-left Syriza party won a decisive ...
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The new Greek finance minister is to call on George Osborne and City bankers next week as part of a whistlestop tour of European capitals to drum up ...
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Markets have woken up to Greek nuclear risk. Bank stocks on the Athens exchange have crashed 44pc since Alexis Tsipras swept into power this week with a mandate to defy the European power structure. Greek bonds bought with such zest by investors last April ...
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IT WAS in Greece that the infernal euro crisis began just over five years ago. So it is classically fitting that Greece should now be where the ...
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Investors are trashing Greek stocks and bonds in the aftermath of Alexis Tsipras's election. It's the country's banks, however, that are bearing the brunt of the backlash to the new prime minister's anti-austerity promises, and that spells trouble for a government that can't afford to rescue its financial system.
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Both Budapest and Athens have flirted with support for Russia but have fallen in line with Brussels
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ATHENS—Bank deposits in Greece fell to a two-year low in December as Greeks yanked 4.6 billion euros ($5.2 billion) from lenders amid rising ...
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Portugal, insisted its politicians, was not Greece. Nor was Spain Portugal, Italy Spain or France Italy. In short, the problems of one country were distinct ...
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The crash of a Nato jet in Spain that left 11 people dead came after the Greek crew tried to eject from the plane during a failed take-off, French officials say. The head of France’s air force, General Denis Mercier, said the crash was accidental and no ...
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ATHENS (Reuters) - This week's visit to Athens by the head of the euro zone finance ministers' group will mark the start of Greece's negotiations on ...
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After just days in office, Greece's new government has begun wrestling with Europe, while inching closer to a more volatile power: Russia. The countries have a long history of economic, cultural and religious ...
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The European Union and Germany warned Greece's radical new left-wing government Thursday that there was little support for a reduction in its massive debts, before it holds the first talks with its eurozone partners. Radical Prime Minister Alexis Tsipras will on Friday meet Jeroen Dijsselbloem, the current head of the eurozone group of finance ministers, which Athens said would mark the start of ...
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Six decades ago, an agreement to cancel half of postwar Germany's debt helped foster a prolonged period of prosperity in the war-torn continent. The new government in Athens says Greece – and Europe – now need a similar deal.
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NEW YORK, Jan 29 (Reuters) - Global equity markets eased on Thursday on simmering worries over Greece's new anti-bailout government and the ...
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Tsipras is seeking to renegotiate Greece's huge debt with its euro zone partners and is already dismantling parts of the bailout deals by halting ...
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Newly elected Greek Prime Minister Alexis Tsipras proceeded with yet another symbolic move since he assumed office last Monday, by ordering the removal of the iron fence placed before the Tomb of the Unknown Soldier in Syntagma Square in downtown Athens. Minutes after the new cabinet members gave their oath, workers of the Athens Municipality took down the fence that was installed since 2013 in order to protect the Greek Parliament from the populous anti-austerity demonstrations that took place in Athens during the last years. The fence were first placed there in 2011 but was later removed only to be permanently installed two years later. The fence’s removal is seen as a highly symbolic act by the SYRIZA-led coalition government, sending the message that no barriers should be placed between the government and the people. Citizen Protection Deputy Minister Giannis Panousis, who was behind the decision, underlined that “the symbolism of a Left government is necessary. We must show that we are not afraid of the people and, as such, remove the fence immediately.” It should be noted that this is the new government’s second symbolic act, as Tsipras, just a few minutes after his oath in front of the President of the Hellenic Republic, Karolos Papoulias, on Monday, went to the Kessariani War Memorial, where he laid flowers in tribute to those executed by the Nazis during the country’s 1941-1944 occupation.
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The European Commissioner for Immigration, Citizenship and Internal Affairs, and New Democracy (ND) member, Dimitris Avramopoulos, is rumored to be the SYRIZA-led coalition government nominee for the upcoming Presidential election in Greece. According to Greek newspaper “To Vima,” the first ballot for the election of the new President of the Hellenic Republic will take place on Friday 13. As the newspaper wrote, Prime Minister Alexis Tsipras and National Defense Minister and Independent Greeks (ANEL) leader Panos Kammenos agreed that Avramopoulos is the most suitable to succeed Karolos Papoulias in the Greek Presidency, as he enjoys the respect of both political allies and other parties. This development, though, is expected to deepen the crisis in ND as Avramopoulos remains popular amongst the party members. So far, there has not been any official response by former Prime Minister Antonis Samaras and it is unknown if he will continue to support the candidacy of Stavros Dimas, who was nominated by ND during December’s unsuccessful Presidential vote. At the same time, sources close to the main opposition party underline that Samaras is caught in a deadlock by the new Greek Premier and a possible challenge of Avramopoulos’ candidacy would be unwise, as Tsipras’ decision to nominate a politician originating from the central-right wing is seen as a historic compromise. ND MP Nikitas Kaklamanis reportedly stated that his party should be the first to support Avramopoulos’ candidacy, while another prominent party member, Evangelos Meimarakis, is also said to have supported this view during his latest meeting with Samaras. At the same time, the European Peoples’ Party (EPP), a member of which is ND, is discontent with such a development, as it could result in losing a valuable officer, who may be replaced in the Commission by a leftist SYRIZA official with a different portfolio. Moreover, until today, government spokesperson Gabriel Sakellaridis has not confirmed any agreement for Avramopoulos’ candidacy in the upcoming Presidential elections.
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Archbishop Printezis said he thought the government elected on Sunday would find it hard to work with Greece's foreign economic partners. However ...
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Greece has endured tough budget cuts in return for its €240bn (£179bn; $270bn) bailout, negotiated in 2010 with the "troika" - the EU, International ...
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The first EU official to visit Greece since the country elected a new left-wing government said he expects battles over how to lighten the bailout load. The post EU Expects Clashes With Athens appeared first on The National Herald.
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Podemos want to pick up where Syriza started. But it’s unclear if they can fulfil their utopian promiseIf first impressions count, then the political force that wants to transform Spain in 2015 consists mainly of student types and self-conscious outsiders. That, at any rate, is the scene when you enter Podemos’s crammed, disorderly office in Madrid’s popular Lavapiés district. Posters are being prepared for the movement’s first big street demonstration, planned for 31 January. A young woman sitting in front of a computer says she has no job and decided to become a Podemos volunteer because “if we don’t start taking things into our hands, la casta will just continue as before”.This is the closest thing Spain has to Syriza, the radical leftwing party that just came to power in Greece. Only a year after its launch last January, Podemos (“We can”) is riding high in opinion polls. General elections are due at the end of the year. Just like Syriza, Podemos has a charismatic leader, the pony-tailed 36-year-old professor of political science Pablo Iglesias. Like Syriza, Podemos calls for an end to traditional politics and rolling back austerity. Its key target is la casta (“the caste”), the dominant two-party system that has ruled Spain since democracy was restored in the late 1970s, after Franco’s death. Continue reading...
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Ambassador refuses to agree to key passage of statement, raising European concerns over new Greek governmentThe new Greek government has picked its first fight with the European Union, delaying agreement on further EU sanctions against Russian-backed separatists in Ukraine.The move raised European and Nato fears that Moscow might seek to exploit the hard left and extreme right coalition under Alexis Tsipras as a Trojan horse within the key western alliances. Continue reading...
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Russian Finance Minister Anton Siluanov told CNBC that Russia would consider giving financial help to debt-ridden Greece—just days after the new Greek government questioned further European Union sanctions against Russia. Siluanov said Greece had not yet asked Russia for assistance, but ...
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As the euphoria of victory subsides and reality sets in, Greece's new far-left Syriza government confronts the daunting task of trying to strike a balance between the demands of its political base to end austerity and creditors wanting payment. It inherits the same limited options of its predecessor while approaching deadlines add further pressure to talks. As negotiators embark into unchartered territory, ambiguity increasingly dominates the European landscape as a deal could still prove illusive. During the campaign, Syriza promised to deliver vast social services and simultaneously renegotiate Greece's debt by demanding it be halved and austerity measures ended. Creditors' initial reaction has been firmly negative, particularly in northern Europe. Searching for a middle ground could prove a futile task unless Prime Minister Alexis Tsipras begins to demonstrate fiscal responsibility and the earnest implementation of overdue structural reforms, particularly in the public sector. If progress is made, Greece's creditors would show increased flexibility. As Tsipras and creditors begin negotiations, a key priority must be avoiding brinksmanship and an immediate collision course. At home, Tsipras will continue to use firm rhetoric to show public confidence. In Europe, he should continue to use the language of moderation and compromise. It is unlikely that any firm agreement will be achieved in the near future. The reality is that each side will muddle through and search for the lowest common denominators as foundations and confidence-building measures for further talks. A gradualist approach could be taken in the form of stealth restructuring. In essence, it amounts to debt restructuring through a series of extensions and interest reductions in order to buy time for longer term negotiations. However, this can only be achieved within a realistic framework whereby the Greek government is still held accountable for debt with reductions but responsible future policies and practices are firmly put in place. Failure to do so will only plant the seeds for further economic ruin and establish a negative precedent for other debtor states in Europe. Although Tsipras will approach negotiations instilled with a sense of public mandate from Greek voters to end austerity, he must not forget that leaders of European creditor states are also democratically elected. Consequently, they owe a duty of care to their own citizens for fiscal responsibility. Their voters deserve a say in how and where their taxpayer money is spent. After all, they would be responsible for bearing a large portion of any debt cancellation or reduction. In particular, German taxpayers are extra sensitive to this issue after being obliged to pay a unification tax for absorbing East Germany over 20 years ago. Levying a hefty European Union tax, whether directly or indirectly, to bail out debtors would not be easily accepted. German officials were already irritated by the European Central Bank's recent quantitative easing of 60 billion euros. Despite Syriza's convincing victory, market reaction was relatively calm. For now, Europe has avoided the panic days of mid-2012 when two consecutive Greek elections held all on knife's edge. Ideally, some form of accommodation will be eventually reached. However, should deadlock result and failure materialize, no scenarios can be excluded. Though undesirable, a Greek exit from the eurozone is no longer taboo nor unthinkable. While Europe is now somewhat better prepared than 2012 for Grexit, no firewalls are completely impenetrable and some form of market turmoil will inevitably occur. INSIDE GREECE Overall, Greece's electoral outcome was generally expected and essentially a vote against the traditional establishment, austerity and the dismal status quo in Greek society mired in economic stagnation. It serves as a wake-up call and lesson for mainstream centrist parties throughout Europe and the democratic world to avoid complacency, reform from within and deliver results. Failure to do so will only fuel populist movements and make their coming to power a self-fulfilling prophecy. Although Greece's recent electoral process lasted roughly three weeks, Tsipras was in campaign mode for the past three years as opposition leader. Now the hard work of governing begins. The reality of power replaces the rhetoric of campaigning. He technically led the party which won the most votes, roughly one-third, but in reality it is a coalition of parties as its Greek name implies, Syriza meaning coalition. This united left front is an amalgamation of groups ranging from the center-left to far-left, including Communists and Marxists. Its right-wing, anti-austerity junior partner in government, Independent Greeks, includes hard-core nationalists and advocates an anti-immigration message with considerable racist overtones. Behind Tsipras' youthful image of a new generation lies a calculated political operator willing to discard allies and befriend opponents to fulfill his agenda. Contrary to his narrative, Tsipras does not represent a complete break with the past. He speaks about rupturing Greece's vicious cycle and then actually fuels it by constantly offering vague promises of old state-centric solutions to society's ills. Such populist rhetoric naturally wins votes and effectively appeals to many left hopeless by the economic crisis. It also reflects a past era Tsipras regularly condemns which was dominated by assertive and persuasive personalities who used the public till as patronage for personal advancement, and particularly for electoral gain. Instead of weaning the public off the opium of state dependency, his politics actually feed it. Whereas former Prime Minister Antonis Samaras engaged in fear-mongering during the election campaign, Tsipras exploited popular emotion. He has regularly preached the politics of victimization in recent years by blaming everyone else for Greece's hardships - the troika, Europe, international banks, the establishment and an entire array of protagonists. As prime minister, he should engage in greater introspection. The bottom line is that endemic corruption has been widespread and existed at all levels of society. Ultimately, change and reform can only take place through collective national transformation. In theory, Alexis Tsipras should now lead the process as prime minister. In practice, failure to do so will only further contribute to the vicious cycle plaguing Greece. Greece lies at an historical crossroads. Hard decisions must be made that will determine whether it pursues a future in Europe or increasingly on its own. The threat of being left behind remains real. Firmly backed by public opinion, Tsipras vows to keep Greece in the eurozone. Although the EU can assume its portion of blame for the status quo in Greece, the roots of Greece's misfortunes primarily lie within, that is, in decades of economic mismanagement and rampant graft. Ultimately, the will to resolve and remedy these ills and the implementation of real reform can only emanate from within Greek society.
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Creditors’ fears mount over Greek plans to roll back reforms
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