He blames European Central Bank limits on Greece's ability to issue short-term debt as well as eurozone bailout authorities' refusal to disburse any ...
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Sunday, March 22, 2015
The bailout crisis: why Greece is content to put the blame on Germany
Berlin is cast by Athens as the fount of its troubles, but Greek politicians must bear part of the blame• Germany’s view of how Greece fell from graceNever have Greek-German relations been as bad as they are today. The image of the heartless, cold and disciplinarian Germans hovers over Greece – while in Germany the talk is of the lazy, greedy and spendthrift Greeks who milk the German taxpayer.Traditionally Germans have been the most ardent admirers of ancient Greece. German art historian Johann Joachim Winckelmann (1717-1768) was the first to depict the Greek antiquity as an ideal of otherworldly perfection. The classical image of Greeks as tall, blond Aryans was his invention. He influenced poets from Goethe and Hölderlin to Byron and the entire romantic 19th century. Greece owes its liberation from the Turks to the fact that public opinion in all of Europe was on its side. Related: The bailout crisis: Germany’s view of how Greece fell from grace Continue reading...
Greek PM to meet Germany's Merkel
Greek PM to meet Germany's Merkel A man looks at the Greek flag and a towel depicting a Euro banknote hanging outside a kiosk in Athens.
Alwaleed, Greek envoy discuss economic issues
Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), received Greek Ambassador to Saudi Arabia Ioannis Christofilis, at his ...
Spiegel: In the Greek Government brewing corruption scandal
Athens. Corruption scandal is gathering speed in the Greek Government. Deputy Minister of Interior and Administrative Reform George Katrugalos is ...
Facebook and Greek debt — what to watch for in the week ahead
Greek prime minister Alexis Tsipras is set to travel to Berlin Monday to meet with Germany's Angela Merkel and discuss financial overhauls and the ...
Barron May Form Task Force to Examine Greek Life in Wake of KDR Scandal
Penn State President Eric Barron may be forming a task force to review the Kappa Delta Rho scandal and what it means for greek life as a whole.
Greek PM to Visit Germany Amid Toughened Bailout Rhetoric in Berlin
MOSCOW (Sputnik) — A day before the Greek prime minister's visit to Berlin, a senior member of the German ruling coalition toughened his stance on ...
Olympiakos beats Kerkyra 3-0 in Greek league
Alejandro Dominguez and Alberto Botia scored in the first half and Franco Jara added a third early in the second to lead Olympiakos to a 3-0 win over ...
Greek PM's office backs minister over report he signed contracts to rehire sacked staff
Alternate Minister for Administrative Reform Giorgos Katrougalos described press reports over the weekend according to which he signed private contracts with dismissed civil servants foreseeing him pocketing 12 percent of the workers' salaries as "fraudulent" and "provocative" and received the backing of the Maximos Mansion.
Gov’t must cooperate with technocrats
The agreement reached at a mini EU summit with Greek Prime Minister Alexis Tsipras and other high-level EU officials, could mark the beginning of a more constructive engagement between the government and official lenders. This should become obvious in the next 10 days or so because failure to do so may bring about unpleasant consequences, including a credit crunch. Greece bought some time at the recent meeting but the clock is ticking.
Greek PM faces Merkel amid race to detail reforms
As government officials scramble to draft a list of detailed reforms in line with demands by the country’s international creditors, Prime Minister Alexis Tsipras is due in Berlin on Monday for crucial talks with German Chancellor Angela Merkel as concerns grow about Greece’s dwindling cash reserves.
Greek ministers set for charm offensives in Moscow, Beijing
The government is said to be trying to bring Moscow and Beijing to the negotiation table for the privatization of Piraeus and Thessaloniki ports, the Thrassio transit center and rail service operator TRAINOSE in order to secure financial support.
Unfinished projects take toll on funding program
Unfinished projects worth some 6 billion euros from Greece's previous National Strategic Reference Framework (NSRF) will need to be included in the next period of the European Union-backed program, Kathimerini understands.
Left-wing Greek PM to visit austerity champion Merkel
Berlin (AFP) - The leaders of debt-wracked Greece and economic powerhouse Germany meet in Berlin Monday after weeks of bad blood over Athens' debt woes, bitter wartime memories and an offensive hand gesture. German Chancellor Angela Merkel will receive ...
At 87, Greece man is still a lifeguard
He's a good source, being an 87-year-old lifeguard and workout fanatic. "I just flex my muscles and smile," the Greece resident says. "I'm not sure ...
Germany Pushes Greece to Expedite Reforms List
SPD Parliamentary Group Chairman Thomas Oppermann said that Germany is losing patience with Greece and he expects Greek Prime Minister ...
No cash for Athens until reforms in place, says Spain
Greece's cash-starved government will not receive any money from the eurozone rescue fund until all its proposed reforms have been implemented, ...
Explaining Greece's Financial Disarray
Editor's Note: As Greece attempts to deal with multiple pressing concerns, from its worsening financial situation to political and social unrest, Stratfor ...
Greece native Ryan Grimshaw says goodbye to hockey
The Greece native did fulfill many hockey dreams along the way, including playing for his hometown Rochester Americans. Fresh out of Harvard, ...
Market eyes this week on US, Greece
ROME -- Markets still digesting an unexpectedly cautious message from the Federal Reserve will get more food for thought this week with US inflation ...
Spain says no cash for Greece until reforms implemented
The euro zone will not make any cash payment to Greece until it has passed and implemented all the reforms Athens agreed on in February, Spain's ...
Tsipras, Merkel to meet amid high drama over Greek debt
Almost six years into Europe's roller-coaster debt drama, the man at the forefront of the continent's anti-austerity movement, Greece's newly installed ...
Tsipras to meet Merkel amid tensions between Greece and Germany
Alexis Tsipras, who is due to meet Angela Merkel on Monday, has blamed the German leader's insistence on tough austerity for Greece's ...
Only Technocrats Can Save Greece Now
On Monday in Berlin, Greece's prime minister, Alexis Tsipras, will have his first meaningful bilateral meeting with Germany's chancellor, Angela Merkel ...
Greece teetering; China short of skills; Australian bank advisers 'abusing the system'; oil stable ...
But first, with Greece rapidly running out of money and again teetering on the edge of default, Germany said Friday that the Greeks would receive a ...
Grexit: Spain ups the ante, saying no EU handouts for cash-strapped Greece until reforms are ...
If Greece was expecting an easy run in after last week's summit, it can think again. Spain's government has made it clear it expects Athens to put ...
Global Economy Week Ahead: US Inflation, Greece in Focus
In the Eurozone, ECB President Mario Draghi will address a European Parliament committee on Monday, with Greece and the progress of the ECB's ...
German media: Greece to remain liquid until April 8
A prominent German newspaper has reported that Greece has enough liquidity to last roughly two more weeks. If Athens fails to submit viable reforms by then, Brussels will reclassify the country's finances as "critical." According to the Sunday edition of ...
German anger towards Greece mounts over bailout as Tsipras meets Merkel
German anti-capitalist protesters show solidarity with Greece at a demonstration against the new European Central Bank headquarters in Frankfurt.
Greece and Germany move towards crossroads of the eurozone
European solidarity is on the line but so, too, is the future of Greece and the single currency bloc to which it belongs. Historians will see a meeting of ...
In Germany vs. Greece, who owes who?
BERLIN — In the Greek resort town of Nafpolio, German tourists Ludwig Zaccaro and Nina Lange shocked the local mayor last week by walking into City Hall with a reparations check. The couple had seen a figure in the news claiming Germany owned Greece more ...
All of Greece’s problems can be traced back to the 1970s
THE STORY OF the Greek crisis is often painted as either one of the reckless borrower gambling with other people’s money, or the victim of an inflexible European project that squeezes its weaker members for the benefit of the stronger. There may be some ...
Reforms before cash, Spain warns Greece
Madrid has taken a hardline stance on Athens, but patience is wearing thin across the eurozone
Greek and German policy makers to meet
German Ifo business survey is expected to show an improvement in the country’s business climate
Spain says funds for Greece only after reforms
Greece will not receive money from the eurozone rescue fund until it implements all of its proposed reforms, the Spanish economy minister told the Financial Times on Sunday. "We will see whether the list of reforms is comprehensive enough or not. This contradicts a statement by Greek Prime Minister Alexis Tsipras that funds would begin to be disbursed to his cash-strapped government as soon as a ...
Greece fights German bailout demands with Nazi-era claims
BERLIN (AP) — It was 1943 and the Nazis were deporting Greece's Jews to death camps in Poland. Hitler's genocidal accountants reserved a chilling twist: The Jews had to pay their train fare.
Greek leader to face scepticism, criticism on first Berlin visit
By Stephen Brown BERLIN (Reuters) - Angela Merkel and Alexis Tsipras have sought to play down the drama of the Greek leader's first official visit to Berlin on Monday, but open scepticism among the Chancellor's allies has spawned media portrayals of a western-style showdown. "When the Greek outlaw Alexis Tsipras meets Angela Merkel - seen as all-powerful in many countries - all of Europe will be ...
Barron May Form Task Force to Examine Greek Life in Wake of KDR Scandal
Penn State President Eric Barron may be forming a task force to review the Kappa Delta Rho scandal and what it means for greek life as a whole.
Facebook and Greek debt — what to watch for in the week ahead
Greek prime minister Alexis Tsipras is set to travel to Berlin Monday to meet with Germany's Angela Merkel and discuss financial overhauls and the ...
US inflation, risk of Greek exit from eurozone take centre stage
Rome: Markets still digesting an unexpectedly cautious message from the United States Federal Reserve will get more food for thought this week with ...
To move beyond boom and bust, we need a new theory of capitalism
Finding one is the the holy grail of economicsThis is the year that economics might, if we are lucky, turn a corner. There’s a deluge of calls for change in the way it is taught in universities. There’s a global conference at the Organisation for Economic Co-operation and Development in Paris, where the giants of radical economics – including Greek finance minister Yanis Varoufakis – will get their biggest ever mainstream platform. And there’s a film where a star of Monty Python talks to a puppet of Hyman Minsky.Terry Jones’s documentary film Boom Bust Boom hits the cinemas this month. Using puppetry and talking heads (including mine), Jones is trying to popularise the work of Minsky, a US economist who died in 1996 but whose name has become for ever associated with the Lehman Brothers crash. Terrified analysts labelled it the “Minsky moment”. Continue reading...
Spain says funds for Greece only after reforms
Greece will not receive money from the eurozone rescue fund until it implements all of its proposed reforms, the Spanish economy minister told the Financial Times on Sunday. "We will see whether the list of reforms is comprehensive enough or not. This contradicts a statement by Greek Prime Minister Alexis Tsipras that funds would begin to be disbursed to his cash-strapped government as soon as a ...
Spain says no cash for Greece until reforms implemented
The euro zone will not make any cash payment to Greece until it has passed and implemented all the reforms Athens agreed on in February, Spain's ...
Portugal's Left Bloc lays into government failures
Left Bloc spokesperson Catarina Martins accused Portugal’s Minister of Finance of repeating 'fascist propaganda" when asserting that Portugal has "filled its coffers," as the country in fact is hugely in debt and littered with the victims of austerity. Catarina Martins was speaking at a rally "United against Austerity" which included representatives from Spain and Greece in the form of Rafael Mayoral and Costas Zachariadis.
Greek PM to meet Germany's Merkel
Greek PM to meet Germany's Merkel A man looks at the Greek flag and a towel depicting a Euro banknote hanging outside a kiosk in Athens.
Alwaleed, Greek envoy discuss economic issues
Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), received Greek Ambassador to Saudi Arabia Ioannis Christofilis, at his ...
Greece and Germany move towards crossroads of the eurozone
Alexis Tsipras and Angela Merkel are to meet in Berline for high-stakes talks that could prove to be decisive in the battle over austerity measuresWhen the red carpet is rolled out for Alexis Tsipras in Berlin on Monday, the euro debt drama will come to a potentially decisive turning point.His host will be none other than Angela Merkel, Europe’s mother, its powerbroker par excellence and the queen of austerity, defender of the very policies the left-wing firebrand has vowed to dismantle. For many, it will be the long anticipated moment of truth. Continue reading...
Greece native Ryan Grimshaw says goodbye to hockey
The Greece native did fulfill many hockey dreams along the way, including playing for his hometown Rochester Americans. Fresh out of Harvard, ...
Philadelphia Leads Way With 1st Greek Parade
Remembrance is the theme of this year’s Greek independence parade in Philadelphia, not only for Greece’s quest and gaining of independence in 1821 , but also for the death of Danielle Kousoulis , who was among the Greek-Americans who died on 9/11, and for the thousands of other victims who died on that day in […]