How the world sees Greece
Europe appears to be getting increasingly impatient with Greece, telling it to "stop wasting time" over reforms, as the war of words between the parties intensifies. Following a meeting of euro zone finance ministers in Brussels on Monday, at which Greece ...
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The Greek government denied on Tuesday reports in the media that a technical team of the EU/IMF/ECB which arrives on Wednesday in Athens will work from the General Accounting office in Athens. "Reports that technical advisers from the IMF, ...
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Greece must immediately begin making steps toward complying with the terms of its loan agreements, Eurogroup president Jeroen Dijsselbloem said on Tuesday, or financial markets will again begin to lose confidence in the country. Dijsselbloem, who heads the group ...
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His comments are likely to heighten tensions between Athens and Berlin as Greece's new, leftist government struggles to persuade its euro zone ...
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The Greek finance minister says the 'colonial attitude' of the country's creditors is 'finished'. Firebrand economist Yanis Varoufakis said Athens will no ...
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German Finance Minister Wolfgang Schäuble insisted Tuesday that urgent technical talks on extending Greece's bailout would involve the "troika" of ...
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FXStreet (Barcelona) - Paolo Pizzoli of ING, comments on yesterday's Eurogroup meeting, and further views that the Greek puzzle is far from solved, ...
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17.55: The FTSE 100 closed down 173.63 points at 6702.84 as the Greek debt drama spooked markets again and the oil price plummeted back ...
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Currency traders brace for single currency to fall below parity against dollar as slowing Chinese economy and prospect of higher US rates buoy greenback The prospect of cheaper holidays in continental Europe this summer for British and American tourists has become closer after the euro tumbled on the foreign exchanges.Amid fears of a rekindling of Greece’s debt crisis, the pound climbed above €1.40 against the euro for the first time since the onset of the global financial crisis in 2007. Against the dollar, the single currency was at its lowest level for 12 years. Related: EU ministers meet in Brussels - as it happened Continue reading...
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Even though the Greek FinMin says the opposite
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Austrian Interior Minister Johanna Mikl-Leitner: “there are very clear rules in the European Union"
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ATHENS — The radical left-led Greek government insists that the debt-ridden country has never been fully compensated by Germany for its brutal World War II Nazi occupation, linking the issue with Greece’s fraught bailout negotiations. Prime Minister Alexis Tsipras said Tuesday that a 1960 reparation deal with Germany did not cover key Greek demands, including payments for […]
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AEK soccer club chairman Dimitris Melissanidis was on Tuesday the latest witness to be called to give evidence as part of a trial into corruption in the sport.
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ATHENS, Greece (AP) — The radical left-led Greek government insists that the debt-ridden country has never been fully compensated by Germany for its brutal World War II Nazi occupation, linking the issue with Greece's fraught bailout negotiations.
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Less than 50 of Parliament’s 300 deputies refused the privilege of a complimentary car that they are entitled to as elected MPs but which Prime Minister Alexis Tsipras had exhorted them to reject during his presentation of the government’s policy program.
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German Chancellor Angela Merkel narrowly averted a far bigger rebellion last month on Greece's bailout extension among her conservatives, many more of whom would have voted 'Nein' but for her finance ...
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German state broadcaster ARD aired a documentary that shocked many conservatives, neoliberals and hardliners accord the German country. The documentary with the title “The trail of the Troika – Power without Control” , a documentary produced by RBB from network ARTE showed to Germans a different approach to the Greek […]
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German Finance Minister Wolfgang Schaeuble said on Tuesday no aid will be handed to Greece until international creditors agree that it has delivered on its reform commitments, Reuters reported. “Greece must talk to the institutions to ensure that the Memorandum of Understanding is fulfilled,” Schaeuble told reporters in Brussels after a meeting of European Finance Ministers. “Only when this condition has been met is there a possibility for payment to be made from the program,” he said, adding that his Greek counterpart, Yanis Varoufakis, was the only one in the Eurogroup who thought no time had been wasted. (source: ana-mpa)
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United Nations Secretary General Adviser on Cyprus Espen Barth Eide is scheduled to visit the island on March 16-18 in order to hold meetings with both the Republic of Cyprus officials and representatives of the illegal Turkish-Cypriot entity. The UN-backed talks aim at solving the long-standing Cyprus problem, occurred after the 1974 Turkish military invasion on the island. According to a UN Secretary General press statement, Eide’s schedule “will include meetings with the Greek-Cypriot and Turkish-Cypriot leaders,” namely Nicos Anastasiades and Dervis Eroglu, and “their respective negotiating teams, as well as a range of other interlocutors.” Moreover, it is noted that Eide “looks forward to this upcoming visit as a chance to continue his dialogue with the leaders on the resumption of structured negotiations.” “As part of his outreach to others, who have a crucial role to play in efforts to reach a comprehensive settlement, Mr. Eide will also host an event for female civil society representatives and media from both communities,” the press statement concluded. Cyprus, which is a member of the European Union since 2004, has been violently divided since 1974, after a brutal Turkish invasion and the following occupation of its northern lands or 37% of its territory. On its part, Turkey has repeatedly denied to recognize the Republic of Cyprus, despite numerous calls by international institutions and the European Union, which Ankara aims to join. At the same time, numerous United Nations-backed negotiations to reunite the island under a federal government have failed. In October 2014, Cypriot President Anastasiades suspended his participation in the peace talks following a Navigational Telex (NAVTEX) issued by Turkey for the conduction of hydrocarbons research in Cyprus’ Exclusive Economic Zone (EEZ) by seismic vessel “Barbaros,” escorted by a number of Turkish Navy ships.
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A potential Grexit probably wouldn’t be a major deal for foreign banks, ratings agency Standard & Poor’s said on Tuesday, adding that it doesn’t plan to downgrade their ratings. “Given the relatively limited scale of banks’ exposures to Greece, we do not currently expect that a Grexit would, in and of itself, lead to ratings changes for foreign banks, or that exposed foreign banks would require additional capital support,” the ratings agency wrote in a note titled “This Time, Foreign Banks Have Less To Fear About A Grexit.” “We consider the direct impact on foreign banks from a Grexit or from continuing uncertainty about it as limited because they have relatively limited direct exposure to Greek banks or to Greece’s public and private sector, having significantly reduced their lending since the restructuring of Greek government debt in 2012,” the ratings agency said. (Source: wbponline)
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The region of Serres in Eastern Macedonia and Thrace, northern Greece, has been declared in a state of emergency by local authorities due to floods caused after several days of continuous heavy rainfall that destroyed crops and seriously damaged the road network. So far, the technical teams, completing an assessment of the situation, indicate that some 5,000 hectares of farms have been flooded in dozens of villages across the region, while according to the same sources, damage has also been caused by extreme rainfall in irrigation and draining systems, rural roads and bridges. Moreover, the regional authorities have warned citizens that Kerkini Lake has swelled to dangerous levels and is monitored on an hourly basis. On his behalf, Deputy Regional Governor of Serres Giannis Moisidis underlined that authorities are not ruling out opening Kerkini’s dam to release some of the pressure. In addition, as Moisidis said, the region’s entire western part has been flooded from the waters of Strimonas river, while the floods have reached the boundaries of Amphipolis, where one of the country’s most significant archaeological sites has recently been discovered. Greek Civil Protection authorities are also on alarm in the easternmost region of Evros, due to the increasing river water levels.
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The left platform of SYRIZA criticized Greek Prime Minister Alexis Tsipras for backing down on Monday’s Eurogroup negotiations and asks for rift with creditors. The party’s left platform –led by Minister of Productive Reconstruction, Environment and Energy Panagiotis Lafazanis — sent the message through its website. The message contained harsh language and referred to creditors as “new colonialists who blackmail Greece.” It said that they push the country to a “new Memorandum” with the same austerity measures the previous government had agreed on. SYRIZA’s left platform also criticized Finance Minister Yanis Varoufakis for accepting the condition that Greece will not take any unilateral actions regarding the humanitarian crisis. Finally, the message said that the creditors blackmail Athens by threatening financial asphyxiation that will lead the Greek government to accept all the Memorandum austerity measures. They suggested that the Greek negotiating team clashes with creditors.
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Only five of a total of 149 SYRIZA MPs refused state cars for their transportation during their parliamentary term: Lena Psarea, Giorgos Dimaras, Nikos Filis, Mustafa Mustafa and Giannis Stathas. Despite Greek Prime Minister Alexis Tsipras‘ repeated affirmations that his leftist party will introduce new ethos in the country’s political life, the party’s MPs seem to have a different opinion. One of Tsipras’ first moves when he took office on January 26 was to cut state expenses by selling government vehicles used by politicians and cut down on MPs’ personal security. He urged his cabinet to lead a frugal life in tune with the economic and humanitarian crisis. Yet, after one month in power, several members of the SYRIZA Parliamentary Group asked from Greek Parliament President Zoe Konstantopoulou to be provided with state cars, while complaining that the reduction in personal security is a risk. In an attempt to ease his MPs’ demands, Tsipras was only recently forced to return to the matter and warn them: “I felt bad when I was informed that during a Parliamentary Group meeting on technical issues, several MPs reacted and opposed the directive not to get state cars. They refused to give 300 and 400 euros, when they earn a 6,000-euro salary. Do not become like the others! This is not populism but details that will determine whether we are or we are not like the others. How long we will stay in power will depend on our behavior during our time in power. We come to subvert structures and privileges.” It should be noted that SYRIZA MP Stathis, apart from refusing the state car privilege, has also refused his right to occupy two police officers for his protection who should rather be sent to the police station of his birthplace in Aliartos. Similarly, just one of main opposition New Democracy MPs has refused his right to get a state car: Giorgos Koumoutsakos. Five “To Potami” and two Independent Greeks (ANEL) MPs have refused the state cars, while the entire PASOK Parliamentary Group requested cars.
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Less than 24 hours remain before the big match between second division (Football League) AEK Athens and first division (Super League) Olympiakos Piraeus for the Greek Cup quarter final second leg, which will be held in Athens’ Olympic Stadium, the home ground for AEK. 70,000 tickets have already been sold out and AEK supporters are expected to create a unique atmosphere in what is seen as a derby from the past, since AEK has not faced fierce rivals Olympiakos for more than two years, as it was relegated to the country’s third division in the 2012-2013 season. The first leg between the two teams, held in Karaiskakis stadium on February 11, resulted in an 1-1 draw giving trophy-thirsty AEK a slight lead for the qualification to the semi final. Iraklis and Apollon Smyrni have already secured their participation to the semi finals, along with Skoda Xanthi.
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Nigel_Twitter.jpeg UK Independence Party leader Nigel Farage MEP has made an intervention in the ongoing Greece/European Union crisis ...
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Greece has agreed to start urgent technical talks on extending its crucial bailout after a blunt warning about time wasting from its eurozone partners.
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Warning Greece it had "no time to lose", eurozone ministers agreed to technical talks between finance experts from Athens and its international ...
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Greece's cash-strapped Syriza government is pressing the country's social security funds to hand over hundreds of millions of euros immediately to ...
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Three years ago, he decided to open a Greek restaurant in Flowood because the area lacked one and he was well-versed in the cuisine because of a ...
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German Finance Minister Wolfgang Schaeuble also sent a message to the Greek government on Tuesday.
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Greece's cash-strapped government will be able to tap more than half a billion euros in bank rescue funds, easing the pressure on the country as it ...
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Greek Finance Minister Yanis Varoufakis has described his country as the most bankrupt in the world and said European leaders knew all along that ...
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Michael and Allyson Kastrinakis are dishing out authentic Greek dishes from their Olive Tree Greek Grill, which opened at The Avenue Viera last year.
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A Greek court has charged 64 people including 13 Germans with bribery involving Siemens AG, Germany's and Europe's biggest industrial giant. An investigation covering the period from 1992 to 2006 allegedly found that Greece had incurred losses of about € ...
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Defense Minister Panos Kammenos said international lenders better keep bailouts coming or Greece will unleash immigrants on the EU.
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bonds.jpg Home Page News Page The euro was trading $1.1150-$1.1220 a week ago. The launching of the ECB's bond buying program coupled with another strong US employment report jumped started the euro's slide, after consolidating mostly last month. The euro was trading $1.1150-$1.1220 a week ago. The launching of the ECB's bond buying program coupled with another strong US employment report jumped started the euro's slide, after consolidating mostly last month. The euro slipped to just below $1.0725 today. Comments from Jason Furman the Chairman of Economic Advisors to President Obama helped stabilize the euro. He acknowledged that the dollar's strength curbs US growth. See Also links url: http://www.economywatch.com/features/Let-the-Euro-Sovereign-Bond-Buying-Commence-and-the-Next-Act-in-Greece-Enters-the-Stage.03-09-15.html Title: Let the Euro Sovereign Bond-Buying Commence, and the Next Act in Greece Enters the Stage See Also type: Reference read more
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Greek consumer prices fell 2.2 percent year-on-year in February, with the annual pace of deflation slowing from a 2.8 percent decline in January, data from the country's statistics service showed on Tuesday. Greece's EU-harmonized deflation rate ...
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The head of euro zone finance ministers urged Greece on Monday to “stop wasting time” and buckle down to serious talks on implementing a reform ...
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In the past five months the words “critical Eurogroup” are repeated like a mantra on the lips of journalists and Greek citizens alike. Every Eurogroup since October, is like signifying the end of times, or Armageddon, like our flamboyant finance minister likes to say. But the headlines after each Eurogroup are always a letdown: no solution to the Greek debt problem, no Four Horsemen of the Apocalypse either. Last October, Greece’s previous prime minister, Antonis Samaras, chose to play tough with Greece’s creditors. He claimed he was about to tear up the hated memorandum, kill the troika and then climb on his white horse and lead Greece to growth. He wanted to counteract the opposition party’s promises to kill the hated troika, tear up the memorandum, when elected, and lead the country to growth, via another route. Of course neither one managed to tear up the memorandum or kill the troika. They are both alive and well, under different names though. Alexis Tsipras won the election, SYRIZA became government and all they managed so far is to rename things. The memorandum is now the “agreement” and the troika has been baptized “the institutions.” As for results? It is too soon for any. After all, this is Greek politics and procrastination is the art. The new government has been in power for over a month now and there has been no progress whatsoever in the reforms, measures and legislation required to help Greece get out of the economic crisis. It seems that all cabinet members do is try desperately to maintain their leftist profile and appeal to respective voters. They act as if they are still in election campaign mode. They love to talk the Marxist talk, but they don’t seem willing to do any actual work. Everything they say is in the future tense. Everything that should be running has stalled. Nothing is moving. Every day we hear about committees that will be formed to investigate this and that and committees to discuss such and such issue. We love committees in this country. A committee means extra pay for members and hours of idle talk. We are very good at that. We love to talk, to analyze, to theorize, to preach. What actual moves the government has made so far have absolutely nothing to do with the bailout. We had a deputy sports minister deciding that football games will be played without fans for two weeks as a measure to stop violence(!), a deputy citizens protection minister releasing illegal immigrants from a detention center and setting them loose in the streets(!) and the already highly paid Public Power Corporation employees receiving a raise in pay(!). Meanwhile Greece’s creditors expect to hear a program of recovery, what reforms will be implemented to security funds, what actions the government will take to tackle the crisis, what measures Athens proposes to create state revenues, how the state is going to fight tax evasion or smuggling. The Eurogroup president cries out that he wants technical talk from the Greek side and all he gets is philosophizing. Hey, Mr. Dijsselbloem, we’re Greek, we invented that stuff. Instead of technical talk and real figures, Yanis Varoufakis offers Europe the now famous “creative ambiguity.” He proposes that tourists and housewives could be wiretapped and go out like 007s to hunt for tax evaders. He knows that this is practically and legally impossible, but what the hell, talk is free. Next to him, Tsipras proposes a political solution to purely fiscal problems. The new government has baptized the economic crisis “humanitarian crisis” and expects that Greece’s European partners will show pity and disregard the lack of actual proposals. On the opposition side, Samaras accuses the SYRIZA government for doing exactly what his government did a few months ago without any results. He is right in many ways. He didn’t succeed himself because he was afraid of the political cost if he implemented the required reforms. So he procrastinated. To the point where he lost the chair. He thought he had time. The new government continues in slow motion as well. As if there is plenty of time at hand. As if the bright future they advertize is something that can wait. The creditors are shouting that time is running out, that default is closer than the Greek government thinks. Yet, it seems that the Greek cabinet lives in another time dimension. The state purse is empty and they waste precious time arguing over what name to give the new loan Greece will eventually get to stay afloat. However, the troika returns to Athens, albeit with a different name, and the Greek government will start new technical talks on Wednesday in Brussels on continuation of the bailout program. In other words, Greece’s bailout situation is exactly where it was five months ago. Only the persons sitting at the negotiating table have changed.
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Greece's debt issues have been on the back burner of late for U.S. investors, who continue to watch the region with caution. While the United States ...
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Entertainment titans have battled for months over who should run Los Angeles' Greek Theatre.
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European Parliament committee recommends immunity be lifted for Bulgarian MEP Sergei Stanishev and Greek MEP Theodoros Zagorakis.
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A confluence of worries -- including a rising dollar, weakness in oil, Greek debt and the Chinese economy -- slammed stocks on Tuesday.
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The video of University of Oklahoma Sigma Alpha Epsilon members singing racist chants is yet another example of how the Greek system fosters deadly inequalitiesThe University of Oklahoma announced this week that it has severed all ties and affiliations with the Sigma Alpha Epsilon (SAE) fraternity, after a video surfaced of frat members singing a racist chant. The video, which was released on Twitter by a campus black student alliance, shows SAE brothers on a bus, using the N-word and chanting, “You can hang him from a tree, but he can never sign with me.”Odd, since fraternities, we’re told any time anyone lodges a criticism, are nothing but social clubs, public service organisations, leadership programmes. They are, supposedly, a net gain for society. But whose society? Whose gain? Continue reading...
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The negotiations between the Greek side and the country’s creditors that begun yesterday in Brussels were once again interrupted
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According to preliminary figures for 2015, tourist arrivals from China are expected to increase compared with 2013 and 2014.
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Although many fraternities have received threats after the racist video surfaced, Bob says those threats won't stop him from wearing his Greek letters.
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The government of Prime Minister Alexis Tsipras would like to extend international aid for another four months - without parliamentary approval. The move has rallied critics from within the ranks.
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Athens has said talks with its eurozone partners have begun positively, and that it expects technical details to be agreed soon. A Greek delegation and teams from the "troika" of lenders is to meet in Brussels.
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by Associated Press Quotes from this week's AP Global Football 10 voters Associated Press - 10 March 2015 11:06-04:00 LONDON (AP) — Quotes from voters in this week's Associated Press Global Football 10: ___ Mike McGrath, The Sun, England "Another week and another record - this time most hat tricks for a Spanish club - for Lionel Messi. And Barcelona are back at the top of the table, so it's no surprise they dominate the poll." ___ Manos Staramopoulos, Dimocratia, Greece "The magician Lionel Messi took Barcelona back to the top of the standings of the Spanish league. They crushed Rayo Vallecano 6-1 and Messi got his 32nd career hat trick." ___ Shintaro Kano, Kyodo news agency, Japan "24th career hat trick in La Liga, sixth of the season. Not sure how anyone can say Leo Messi isn't the player he used to be." ___ Marco Monteverde, News Corp. Australia "The Catalan giants are hitting form at the right end of the season, scoring nine goals in cup and league matches in what was a super week for the Messi-inspired team." ___ Tom Timmermann, St. Louis Post-Dispatch "It's fitting for Messi to be on top after he records his record-setting 24th La Liga hat trick. (It's also fitting for him to be on top after Barcelona gets back into the top spot on my ballot.) But he got some good competition from teammate Luis Suarez, who spread his goal-scoring over two games." ___ Aurelio Capaldi, RAI Sport, Italy "Arjen Robben hasn't scored in Hannover but he celebrated his 100th victory with Bayern Munich. That's amazing if you think he only needed 126 games to get this impressive record which includes 72 goals and 44 assists." ___ Chris Tait, The Herald, Scotland "Lionel Messi continues to set new records - his latest coming with a 24th hat trick in Spanish football. It seems possible that the Argentine missed his initial penalty on Sunday on purpose just to make it a challenge." ___ Federico Giammaria, La Voz, Argentina "We must talk about Jonas Gutierrez. The Argentinian returned to play in the Premier League (for Newcastle) after beating cancer. An example of life." News Topics: Sports, Men's sports, Men's soccer, Professional soccer, Soccer People, Places and Companies: News Corp, Lionel Messi, United Kingdom, Barcelona, Western Europe, Europe, Spain Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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