There is the subject of Greek-EU relations, then there is the issue of Greece-Russia relations, and finally the quite significant matter of EU-Russia ...
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Saturday, April 11, 2015
The Main Players in the Ukraine Debt Battle
Three years after facing off over Greece's debt workout, the two giants of debt restructuring — Lazard and Blackstone – are again preparing to do ...
Greek Church offers up property to help Athens raise funds for debt
The head of Greece's Orthodox Church said on Saturday it was willing to put property it owns up for development to help raise money to repay the country's debt. The Orthodox Church is a powerful institution in Greece and owns more land than anyone except the state, including prime real estate in Athens. "Come, let's develop (the property) for Greece," Archbishop Ieronymos of Athens told Greek TV ...
Holy Light in Athens on Special Flight from Jerusalem
The Holy Light, also known as Holy Fire, was lit in the Church of the Holy Sepulchre in Jerusalem on Holy Saturday by the Greek Orthodox Patriarch of Jerusalem, Theophilos III, and it was delivered to the faithful waiting outside. After the end of the ceremony, the Patriarch delivered the Holy Light to the Greek MP Yiannis Amanatidis, who was representing the Greek State, so that he could carry it back to Greece on a special flight. The Holy Light was received in Greece with head of state honors. The delegation that received the Holy Light also included a representative of Glyfada Metropolitan Paul, representing the Orthodox Church of Greece, and the Holy Sepulchre’s Exarch in Greece, Archmandrite Damianos. (source: ana-mpa)
New Democracy Leader: ‘Govt has Torn Down All we had Built in 2.5 Years’
Greek main opposition New Democracy leader Antonis Samaras lashed out at the government on Saturday, saying it has torn down “all we had built over 2.5 years.” Samaras deplored the reappearance of hoodie-wearing rioters, protest occupations of public buildings, “illegal immigrants everywhere,” incidents and even contact with terrorists. “However, a country that in addition to its economic problems also has citizens living in insecurity and fear cannot get ahead nor stand firmly on its feet,” he stressed. Replying to the criticism, Greek government spokesman Gavriil Sakellaridis accused Samaras of “once again investing in fear.” “Trying to conceal the non-existence of any alternative proposal apart from the Memorandum, he chooses to resort to his known far-right rants,” Sakellaridis said, adding that “Greek society and democracy are not frightened but need a more serious main opposition.” (source: ana-mpa)
Greek Police on Trail of International Migrant-Trafficking Ring; Five Arrested
Greek Police said on Saturday they are continuing an investigation to dismantle an international migrant-trafficking ring, following the arrests of two Greek nationals aged 54 and 57, two Italians aged 55 and 37 and a Turk aged 43 for allegedly attempting to transport 54 illegal migrants from Astakos to Italy for a fee of 135,000 euros. The 54 migrants from Syria, Somalia, Iraq and Iran were loaded in a truck in Aspropyrgos, Attica, Greece, on Good Friday and taken to Ihthyka, Aitoliko, where the two Greeks and the 53-year-old Turk were waiting in order to hide them until the boat from Italy arrived. The two Italians sailed to the area from the sea, where they were spotted by Missolonghi coast guard officers and arrested. The coast guard alerted police, who launched a search on the mainland and found the migrants, and the three men were arrested on Saturday morning. Authorities are now seeking the truck driver that transported them from Aspropyrgos and will also investigate phone records of nine mobile phones found on the suspects. They are also examining the migrants for further information concerning the ring’s activities. Based on information collected so far, the migrants were approached in various locations in Attica and each asked to pay 2,500 euros for passage to Italy. For the time being, the migrants are being held at the police headquarters in Missolonghi. (source: ana-mpa)
Where Do Greek Politicians Spend Their Easter Holiday?
pasxa-politikoi-arxhgoi Greece's political leaders and ordinary citizens are preparing to celebrate Orthodox Easter on Sunday, with many planning to ...
Turkey: First Resurrection in St. Voukolos Church, Izmir
holy-friday-izmir This year's Holy Friday and Holy Saturday were special for Greeks across the globe but also for the Greek Orthodox community of ...
Israelis stuck in Greece on way back from Passover vacation
About 160 stuck in Rhodes and Khartoum after Greek airline Blue Bird plane does not arrive; 'We have already given up on the Mimouna', Israeli ...
Eurogroup wants Greece's list of reforms by April 20, says FAZ report
The European Union has given Greece up to April 20 to present a list of reforms which, if found acceptable, would unlock the final tranche of aid funds promised under a multi-billion-euro bailout, a German newspaper reported.
Rutgers would be better off without frats. Period.
But we all know how this story goes. A student death or stomach pumping causes bad publicity. Greek organizations promise to reform their ways.
Euro zone officials shocked by Greece's stance: Germany's FAS paper
The euro zone sources told the paper that Greece's creditors do not believe this is the case and that it would be a domestic political issue if Athens is ...
What does Germany owe Greece in Nazi reparations? It's the week in numbers
EVERY SATURDAY, TheJournal.ie brings you a selection of statistics and numerical nuggets to help you digest the week that has just passed.
What's Really Behind The War In Yemen?
Every week, The WorldPost asks an expert to shed light on a topic driving headlines around the world. To gain insight on the conflict in Yemen, we turned to analyst Dr. April Longley Alley. Yemen is currently in a state of crisis as fighting between Houthi rebels and forces loyal to President Abd-Rabbu Mansour Hadi devastates the country. In addition to the gun battles and shelling in major cities, there have been weeks of airstrikes by a Saudi-led coalition against the Houthis, which have leveled buildings and infrastructure. The continued ground fighting and Saudi air campaign has also threatened to worsen the already dire humanitarian situation in Yemen, while the death toll from the conflict has risen to over 540. The current crisis stems from disagreements between groups in Yemen's complex political environment that started even before the ouster of former President Ali Abdullah Saleh in a 2011 uprising. To better understand the conflict gripping Yemen, The WorldPost spoke with Dr. April Longley Alley, senior analyst on the Arabian Peninsula for the International Crisis Group. The Houthi insurgency has been going on for years, but in recent months has drastically escalated. What was the catalyst for that escalation? There are a number of reasons for the escalation. Yemen's transition process started in 2011 and there was a road map to guide the country to reform. While some achievements were made, the process stalled and various political groups failed to come to consensus on two core issues that became real sticking points. The first was the details of pre-election power-sharing agreements, and how exactly to integrate groups like the Houthis into decision-making structures. Then there was also the issue of the the state, particularly the boundaries of federal regions. When dialogue ended in early 2014, these two unresolved issues continued to fester, corruption continued and the old power structures were left in place. Throughout the three year transition, the Houthis began to take advantage of state weakness and expanded militarily in the absence of political reform. The government's removal of the fuel subsidy last summer was a tipping point. The Houthis and their supporters mobilized in and around the capital of Sanaa and eventually began to take over. This has been described as a sectarian conflict between the Shiite Houthi rebels and Sunni tribes. How accurate is that framing? At its core this is not a sectarian conflict, this is a political power struggle between various Yemeni actors. Yemen has a Zaidi community, which practices a version of Shiite Islam. They are the majority in the far north but the minority in the country. Then there is a majority Shafi’i population, who follow a version of Sunni Islam. These communities have intermarried and they pray in each other’s mosques. While some regional divides and divisions in the political economy sometimes overlap with the Zaidi-Shafi’i divides, there's no history of sectarian conflict in Yemen. To frame it in terms of sectarian conflict is therefore misleading. At its core this is not a sectarian conflict, this is a political power struggle between various Yemeni actors. At the same time, however, we’re seeing a dangerous development inside of Yemen where increasingly sectarian language is being used to describe the conflict both by regional actors and by Yemenis. The war is also sometimes described as a proxy war between Iran and Saudi Arabia. How legitimate is that description? The Houthis do have connections with Iran, and there is some degree of assistance, although the degree is not clear in terms of financial and military assistance. The more important point is that in particular Saudi Arabia and the Gulf states are increasingly viewing Yemen and the Houthis through the lens of a war between Saudis and Iran. When they look at the Houthis they see an Iranian threat, and that is shaping the conflict dynamics inside of Yemen. When they look at the Houthis they see an Iranian threat. The Houthis, to be fair, have given their neighbors good reason for concern by their rhetoric and by their actions. For instance, the Houthis have taken a symbolic step of opening flights with Tehran and they also sent a high-level delegation to Iran to ask for assistance and economic development. In some ways it seems to be becoming a self-fulfilling prophecy. How does former President Ali Abdullah Saleh factor into the crisis? Ali Abdullah Saleh is still a critical player in Yemen’s local power struggle. For example, he tacitly aligned with the Houthis as they advanced in the north in 2014. This alliance was not because of ideological affiliation or because this has an enduring shelf life politically, but at that point they were struggling against common enemies. Saleh doesn’t have an army, but this is someone who after 33 years of power has tremendous influence and deep networks within the army, the air force, security services and the tribal confederations in the north. As the Houthis have expanded south, their support base has become more diluted and they’ve relied more on the supporters of Saleh. What is the endgame for Saleh? Saleh is probably driven by a number of factors and we know that he never had intentions of giving up politics. Certainly it’s fair to say he would like his son to have a prominent role in politics moving forward, possibly as president through elections. What kind of humanitarian crisis can we expect the fighting will leave behind beyond what we’ve already seen? Yemen is a country that even before this current conflict was moving towards a humanitarian crisis. It’s a country that is 90 percent dependent on imports for its food and it’s already running out of water in critical cities. Yemen is a country that even before this current conflict was moving towards a humanitarian crisis. It’s already facing a hunger and malnutrition crisis throughout the country, and this fighting is obviously only accelerating the crisis in an acute and alarming way. The airstrikes have targeted critical infrastructure for the movement of goods and have also targeted electrical plants. What possible outcomes do you see for the conflict? A crucial question is what the political endgame is from the Saudi side. At this point, there isn’t a clear and viable exit strategy and it could drag on for quite a long time. This could be the beginning of a long and bloody conflict in Yemen that continues to draw in regional actors and exacerbate human suffering. There is no military solution to the problem inside of Yemen. There's no single group that stands out as a clear winner. The country is deeply divided politically, so no group can solidify their writ over the entire country at this point. The Saudi intervention, unless there is real thought to a clear political end-state, is likely to lead to prolonged violence and instability. This interview took place on Apr. 7, 2015. It has been edited and condensed for clarity. More from The WorldPost's Weekly Interview Series: - Have We Got ISIS All Wrong? - What Is The State Of Political Islam Today? - How Will Syria's Assad Be Held Accountable For Crimes Against Humanity? - Was The Libyan Intervention A Mistake? - What Palestinian Membership In The ICC Really Means - Anguish In Argentina After Prosecutor's Mysterious Death - Could The New Syriza Government Be Good For Greece's Economy? - Naming The Dead: One Group's Struggle To Record Deaths From U.S. Drone Strikes In Pakistan -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
Two Dead in Kalamata Due to Fireworks
The two young men aged 23 and 26 lost their lives after throwing a firecracker at a Public Power Corporation (PPC) wire, while still holding a cable connected to the firecracker. As a result, the two young Greeks were electrocuted. The tragic accident occurred in a Greek village in Messinia, Peloponnese, on Holy Friday. The two young men were preparing for the traditional Saitopolemos, a firework “war” between several teams that takes place in Kalamata annually. According to local media, the two men were playing in a schoolyard, located just outside the small village of Ano Amfeia. They tied the firecracker with a cable and threw it toward the PPC wire while still holding the cable. Even though the firecracker missed the PPC wire, the cable they were still holding came in contact with them and the two men were electrocuted and killed instantly. An ambulance was alerted but arrived at the scene too late. The village is currently in mourning while police have opened an investigation. Such incidents are common in Greece around Easter, especially in Kalamata and Chios where the locals organize firework “wars” called Saitopolemos and Rocket War respectively. Both traditions stem from the Ottoman occupation when Greeks were not able to celebrate the Greek Orthodox Easter.
Berlin, Paris, IMF Press Greece for Measures
European and International Monetary Fund (IMF) officials came to the conclusion that there has been progress in Greece, however there is still much work that needs to be done after their negotiations with the Greek government. At the same time, international media brought to light new scenarios and Grexit plans. Berlin and Paris seek more reforms, as does IMF chief Christine Lagarde who asked for more pension cuts. Pressure will start to build until the April 24 Eurogroup meeting, while an IMF board meeting will be held on April 18. Lagarde: Greek pension plan is not sustainable Lagarde appeared skeptical over whether Athens implements the measures that she discussed with Greek Finance Minister Yanis Varoufakis. “What I’m most concerned about is that the rest of our conversation be also implemented, that is we activate and accelerate the dialogue, the discussions of the reforms that the Greek authorities proposed to do in order to reach the objectives of the contract that they have with the European partners.” Meanwhile, Lagarde made it clear that the government should engage in deep pension cuts, stressing that the current plan is not sustainable. Referring to Greece during an interview with seven major European newspapers, including Italy’s “La Repubblica,” Lagarde expressed concern over the Greek economy’s medium-term prospects but also the fact that low and middle incomes are the ones mostly carrying the load during the crisis. The interview was given last Tuesday and published in “La Repubblica” on Saturday. Lagarde said that much work remains to be done to improve the economy’s prospects and that this requires a high level of cooperation, adding that there is a “rich spirit of cooperation” on the part of the IMF. She disagreed with a statement made by Brazil’s IMF representative Paolo Nogueira Batista that IMF rules had been “broken” in Greece’s case, describing them as “inaccurate” and “clearly biased,” Among others, she noted that the IMF had carried out a study on the fiscal adjustment demanded for various countries and discovered that the effort required by the Europeans was significantly larger, in terms of volume and content, than that required by countries in the Middle East. Noting the high cost paid by the poor and middle classes, she said an effort is being made to change this and a system is set up to transfer the cost of bank bailouts from the general public to the financial institutions’ shareholders that found themselves in difficulties. Berlin-Paris: Pressure for measures A spokeswoman for German Chancellor Angela Merkel described Greece’s installment payment to the IMF as a “positive sign,” but stressed that “there is not even a list of reforms and that a lot of work remains to be done.” Meanwhile, France expects Greece to make a list with further reforms if the country wants to receive new European aid, finding Athens’ progress insufficient. “France’s position has never changed. We must take into account the Greek people’s vote but there is also an institutional framework and commitments that must be respected,” said French Prime Minister Manuel Valls. Furthermore, European Central Bank (ECB) President Mario Draghi sent a letter to Greek banks with the recommendation to avoid further exposure to the public sector.
Stocks in the Bullish Zone: National Bank of Greece (NBG), Brocade Communications Systems ...
National Bank of Greece (ADR) (NBG), along with its subsidiaries, offers diversified financial services. The company is involved in retail and ...
Euro bank identifies risks in Greece anti-foreclosure law
[JURIST] The European Central Bank (ECB) [official website] on Friday released an opinion [text, PDF] on Greece's draft law prohibiting the ...
European Bonds Get Pricey
It's the rare sequel that's better than the original: Greece is locked in a battle ... On Thursday, Greece once again pushed its creditors to the brink, but ...
What These 5 Greek Philosophers Can Teach Us About Business
Even though the great Greek philosophers lived in much different times, some things never change. It's not difficult to apply ancient wisdom to modern ...
Pound Sterling to Euro (GBP/EUR) Exchange Rate Forecast: Will The Greek Government Satisfy ...
pound-to-euro-exchange-rates-7 At the close of Friday's European session, the Pound Sterling to Euro (GBP/EUR) exchange rate was trending in the ...
Greek PM Tsipras attends service before Easter
A fter being elected as prime minister, Tsipras did not take religious oath but paid his first visit to leader of Greek church Iroronimos, which was ...
Greek Orthodox Patriarch leads Holy Fire ceremony in Jerusalem
The Greek Orthodox Patriarch of Jerusalem, Theophilos III, then lights a few candles with the holy fire, and passes them on to worshippers inside the ...
Community Prepares for Pascha
NEW YORK – Pascha 2015 is a bittersweet time for the Greek-American community. Judging from the brisk business of the food stores and restaurant reservations, they are starting to feel affluent again, but in Greece, their loved ones are more anxious than ever. Fr. Nektarios Papazafiropoulos, Dean of St. Demetrios Cathedral in Astoria, was […] The post Community Prepares for Pascha appeared first on The National Herald.
Greece interested in expanding its energy cooperation with Moscow through Turkish Stream project
ANKARA: Greece is interested in expanding its energy cooperation with Moscow and the construction of an extension pipeline to the Turkish Stream ...
Greece Pays IMF, Meets Putin
10 Athens made a scheduled repayment to the IMF, but faces a growing cash crisis. Official creditors won't unlock bailout aid until the new leftist gov't ...
Silly Cambridge University academics can't even get ancient Greek right
Oh no – that would be too simple. They had to use their bulging frontal lobes to ward off those dastardly cyclists with ancient Greek and Latin. The sign ...
Syriza: Tackling Greece's 'unholy alliance'
This is a story the rest of Europe is watching closely, and reporting on extensively, given the $260bn Greece owes its European creditors after two ...
Greece Can Force EU to Remove Sanctions Against Russia?
On one hand, Russia has expressed an interest to invest in Greece, counting on the income from the transit of gas to southern Europe via the 'Turkish ...
Opa! 6 Delicious Greek-Inspired Dishes
Greek-Style Lamb Burgers — These flavorful patties are topped with tzatziki, feta, tomatoes, red onion anad shredded lettuce. They're perfect for ...
The Only Thing More Awesome Than This Giannis Antetokounmpo Sequence Is The Face He ...
After notching a mostly inexplicable DNP-CD in his team's loss to the Cleveland Cavaliers earlier this week, The Greek Freak was back in the starting ...
Greece Prepares for Pascha
Greece’s political leaders and ordinary citizens prepared to celebrate Orthodox Easter on Sunday, with many planning to spend the holiday in their home towns with friends and family. President of the Hellenic Republic Prokopis Pavlopoulos is to visit his native Kalamata, attending the service of the Divine Liturgy celebrating the resurrection of Christ at the […] The post Greece Prepares for Pascha appeared first on The National Herald.
Spokesman: Germany “Not Upset” By Tsipras’ Moscow Trip
BERLIN – The German government doesn’t comment on the Greek Prime Minister’s visit to Moscow, Deputy Spokeswoman of the German Chancellery Christine Wirtz said on Friday. “From the position I am now, I cannot comment on the visit of a foreign leader to another country,” Wirtz said in reply to a question and added that […] The post Spokesman: Germany “Not Upset” By Tsipras’ Moscow Trip appeared first on The National Herald.
Greece's planned home foreclosure law 'risky', says ECB
ECB said Greece's draft law, which seeks to protect indebted citizens from losing their primary homes, goes beyond protecting low-income debtors ...
Buffett: Greece displays weak spot of 'shared currency'
Buffett: Greece displays weak spot of 'shared currency'. The Oracle of Omaha answers questions from CNBC viewers following Saturday's release of ...
Greek freak Antetokounmpo nets monster dunk
Milwaukee Bucks star Giannis Antetokounmpo produces a superb steal before storming down court to score a powerful one-handed poster dunk ...
The 'secret' Greece plan
CNBC CNBC's Michelle Caruso-Cabrera explains reports a member of the European Union is drafting a secret plan to kick Greece out of the euro ...
Greece's financial fast
The week as we build up to Easter in Greece, the weather has been cool and overcast, reflecting much of the mood in the country. As I walk past ...
Unique Easter Traditions That Revive in Greece Each Year
Easter is celebrated in highly devout atmosphere, across every corner of Greece. It is a glorious day for Greeks since the resurrection of Christ coincides with the most beautiful phase of spring. Flowers are blooming, the trees are greener than ever and ...
Unique Easter Traditions That Revive in Greece Each Year
Easter is celebrated in highly devout atmosphere, across every corner of Greece. It is a glorious day for Greeks since the resurrection of Christ ...
Despite national Greek backlash, FGCU Greek Life raises over $115K to start 2015
Universities face negative publicity constantly when it comes to their Greek systems. Florida Gulf Coast University is no stranger to the criticism.
ECB sees risks in Greece's planned home foreclosure law
Greece's draft law to protect primary residences from foreclosures goes beyond protecting low-income debtors and could encourage strategic defaults, the European Central Bank said in a legal opinion on Saturday in a potential setback to the plan. Greece's Economy Ministry had asked for the ECB's views on the draft legislation, which seeks to protect indebted citizens from losing their primary ...
EIB rebuts reports on Greece SMEs
The European Investment Bank (EIB) has reaffirmed its commitment to public and private investment in Greece, contrary to recent reports that ...
On The RiskMap Radar: Asia's Investment Bank, Parsing The Iran Deal And Greece's Struggles
We are an independent, global risk consultancy specializing in helping organizations manage political, integrity and security risks in complex and ...
Why A Greece Exit Might Be Reasonable (GREK)
Greece just recently agreed to comply with a €450 million payment to the International Monetary Fund to avoid default, but the struggle is far from over.
Residents around Greek prison dread trial of neo-Nazis
The leader of the ultra-right wing Golden Dawn party, Nikos Michaloliakos, is escorted by masked police officers in Athens after his arrest. (AFP file) ...
UNL presents modern version of classic Greek tragedy
UNL's University Theatre presents “Medea” by Euripides, translated by Diane Arnson Svarlien and directed by Laura Lippman, beginning next ...
Greece Police looking for suspect in liquor store robbery
Police ask you to call 911 and ask to speak with a Greece police investigator if you recognize the suspect or have any information about the crime.
European Commission Sticks to Keeping Greece in Eurozone – Source
On Thursday, a Finnish newspaper reported citing an unpublished memo by the Finance Ministry that stated that Greece could be forced to leave the ...
German Govt ‘not Upset’ About Greek PM Tsipras’ Visit to Moscow
The German government does not comment on the Greek Prime Minister’s visit to Moscow, German Chancellery deputy spokeswoman Christine Wirtz said. “From the position I am now, I cannot comment on the visit of a foreign leader to another country,” Wirtz said in reply to a question and added that Berlin was “not upset” by it. She also noted that Germany wants to have good relations with Russia. “The important thing is the position of the Greek government toward the EU concerning the agreements for the second aid package,” she said. Asked whether Berlin is relieved that Greece repaid its International Monetary Fund (IMF) debt installment on time, Wirtz said: “The German government notes that Greece has fulfilled its payment obligations. I cannot estimate from this position what the situation will be with its future obligations. It is of course an important sign that Greece has the will and is able to continue this process and arrive at a good result so that the aid can reach where it is needed.” (source: ana-mpa)