The Greek jets engaged their Turkish counterparts by maintaining radar lock for seven minutes. The Turkish fighters retaliated in kind as per the rules ...
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How the world sees Greece
Saturday, April 25, 2015
Varoufakis can't stand 'boring dinners'
The Greek ministry of finance replied to a report by Reuters according to which Yanis Varoufakis was so isolated at Friday’s Eurogroup meeting that he had ‘dinner alone’. According to sources at the finance ministry, Varoufakis does not like ...
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Vaccinated against the Greek infection
Sofia. A week ago information leaked to the media that central banks in seven countries where Greek banks operate made sure that the Greek crisis ...
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| READ THE ORIGINAL POST AT www.focus-fen.net |
Hellenic Happenings from Coast to Coast
NEW YORK, NY John Turturro is turning Greek for a week. Zorba the Greek, that is. The veteran actor will star in the title role at the City Center’s May 6-10 production of the musical, which will include a full orchestra along with, naturally, a bouzouki. Turturro got his start in Hollywood in […] The post Hellenic Happenings from Coast to Coast appeared first on The National Herald.
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Greece, lenders must reach deal by early May, Deputy PM tells paper
ATHENS (Reuters) - Greece and its lenders must reach a reform deal by early May to address Greece's need for cash, Deputy Prime Minister Yannis ...
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Greece is still divine! With the holy Mount Athos as a backdrop, family-friendly Eagles Palace Hotel ...
His mother was trying to make it from her home on the island of Ammouliani only a mile across the Aegean to the mainland, but she was too late.
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| READ THE ORIGINAL POST AT www.dailymail.co.uk |
Greece under pressure from creditors to chart path forward
RIGA, Latvia -- European creditors turned up the heat on Greece on Friday to deliver an economic reform program that it needs to avoid a possible ...
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ND Leader Samaras: Exit from the Crisis Still Possible Without Any Sacrifices
New Democracy (ND) leader Antonis Samaras addressed on Saturday a party meeting on the migration issue at the port city of Patras, Greece. The former prime minister noted that the migration problem is a reason for which an agreement that will safeguard Greece’s presence in Europe, becomes even more necessary. Samaras accused the government of stopping the country’s effort to exit from the crisis which was as he said on an exit course before the general elections, and estimated that the exit is still possible without more sacrifices but with political interventions that will give a breather to the people. “We have succeeded in receiving a precautionary support line” said Samaras adding “during our governance a salary or pension payment issue never occurred. We have sent away these ghosts” he said adding that “these ghosts destroy the country’s image.” Referring to speculations on early general elections he said “Elections mean mandate for the drachma. Even if they (SYRIZA) win them, they will tell you the same, ‘we will continue the dialogue from where we have stopped.’ Elections mean drachma and that will be our catastrophe. We will prevent it and we will press the government to change policy. The country needs prospect and hope.” He continued by saying, “we were not scaremongering, we were telling the truth. SYRIZA told a lot of lies.” Moreover, Samaras estimated that “we can exit for good from the memorandum and the crisis provided we change policy” adding that “if the good course was not interrupted we would have already got out of the crisis.” (source: ana-mpa)
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Poll: 7 Out of 10 Greeks Hope for an Agreement
The vast majority of Greeks vote in favor of remaining in the EU, the Eurozone and NATO, while they also are in favor of seeking an agreement with the country’s lenders, according to a new poll. The Kapa Research survey was conducted for the Greek newspaper To Vima and it shows that 71.9% of Greeks believe that Greece would benefit from reaching an agreement with its creditors, while 23.2% are in favor of a rupture. Furthermore, 72.9% want the country to stay within the Eurozone, while a 20.3% prefer to return to the drachma. Another 79.4% of Greeks prefer for the country to remain in the European Union and 73.7% prefer to stay in the NATO, against 17.2% and 22% respectively. However, citizens fear the possible Grexit, with 68.8% believing that there is real risk of Greece leaving the euro and 24.1% believe that the country is in the clear. The public opinion, however, is divided on the matter of a possible bankruptcy, with 36.1% of Greeks estimating that the country is on the brink of going bankrupt, while 32.7% of Greeks disagree with this opinion. The survey also revealed that the hopeful attitude towards the new Greek government is slowly fading (43.3% in April, 62.5% in February), and it is replace with concern (52.9% in April and 34% in February) and anger (32.6% in April, compared to 2.7% in February). As far as the political parties are concerned, SYRIZA is in the lead with 36.9% of the votes, while, New Democracy comes second with 21.7%, followed by To Potami (7.3%), Golden Dawn (5.7%), the Communist Party (5%), the Independent Greeks (4.6%) and PASOK (3.9%).
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EU Finance Ministers: There is No Other Plan But for Greece to Remain in the Eurozone
European Union and eurozone Finance Ministers meeting in Riga was concluded with the common position (regarding Greece) that there is no other plan but Greece to remain in the eurozone. “There is no plan B or C or D for Greece (exit from the eurozone)” said French Finance Minister Michel Sapin after the end of the EU Finance Ministers meeting in Riga on Saturday. The same statement made upon his arrival to Ecofin, European Commissioner for Economic and Financial Affairs Pierre Moscovici. The Slovenian Finance Minister Dusan Mramor said that with his reference on Friday for a plan B he did not refer to a possible Greek exit from the eurozone but to the difficulties that exist in the deliberations and the need for another procedure. German Finance Minister Wolfgang Schaueble when asked if he agrees with Chancellor Angela Merkel that she will do everything in order Greece to remain in the eurozone, he answered positively adding that it is not certain that the Chancellor’s determination is enough. To a question on the so-called plan B he did not give a clear answer. Greek Finance Minister Yanis Varoufakis was sharply criticized on Friday on the delay that according to his counterparts, exists in Greece ‘s negotiations with the institutions. Varoufakis said that Greece is not responsible for whatever delays and insinuated that some dogmatic obsessions of specific countries of the eurozone are also responsible for the delays. However, diplomatic sources recognized on Saturday in Riga that the procedure followed recently in Greece’s negotiations with the lenders is at a point problematic and there must be corrective actions as soon as possible in order for the agreement to be reached by May 11. “The solution is not of course the return to the troika” said the same sources adding however that “even eternity does not last forever.” On his part, Austrian Finance Minister Hans Georg Schelling speaking on Saturday to the press expressed the certainty that within the next weeks there will be an agreement with Greece “It is up to Greece” he said adding “I hope Mr. Varoufakis will have received the message Eurogroup sent him yesterday.” Finally, diplomatic sources said that Greek Finance Minister Yanis Varoufakis had a meeting with European Commissioner Moscovici on the sidelines of the Ecofin in Riga. The governor of the Bank of Greece Yannis Stournaras is also in Riga who had the opportunity to meet with European Central Bank president Mario Draghi and with Eurogroup president Jeroen Dijsselbloem. (source: ana-mpa)
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Quizdom: A Greek Smartphone Knowledge Game App
Quizdom is a new Greek smartphone app game that has managed to get more than 800,000 downloads in less than nine months. The popular knowledge game is quite simple to operate. First Android and IOS users need to download the free app on their smartphone and create an account. After the first steps are complete, the app users can choose an opponent either from their friends list (through e-mail, Viber or Facebook), or from the thousands of other Quizdom users. After choosing an opponent, the player has to choose 2 out of the 16 question categories (Sports, Celebrities, History, Geography, Politics, Cinema, Music, Health, Games, Religion, Business, Arts, 20th Century, Science, Language and Food). To win the player must answer correctly and quickly to 16 questions from 4 different categories (2 selected by each player). In case of a tie, the fastest player wins. The game also gives players the ability to communicate via chat with their opponent, but also submit their own questions, contributing to game’s updates. The app creators, Triantafullos Xylouris, Nikolas Georgoudelis, Panayiotis Vourtsis and Pantelis gave an interview to the Greek newspaper Eleftheros Typos where they explained that some Greeks spend up to 8 hours a day in front of their smartphone screens answering the games 30 million questions. The reason that the game became so popular so fast is because, according to its creators, it combines the elements of competition, socialization and entertainment, since it enables users to expand their knowledge and play with friends, or to make new ones.
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The Greek Crisis Saga: What's next?
Greek Finance Minister Yanis Varoufakis delivers a speech during a banking conference in Athens April 21, 2015. — Reuters picBRUSSELS, April 25 ...
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No cash for Greece till full reform deal
European finance ministers have warned that the cash-strapped Greek government will receive no money from eurozone until it agrees a complete ...
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Greece's Syriza government signals pension cuts
He assured it that negotiations since Syriza's election victory in January had already brought “much convergence” between Greece and its “European ...
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Weekly Trading Forecast: FOMC, GDP, Greece and Much More Ahead
There is an avalanche of high-level event risk due in the week ahead. Be ready for the risk and opportunity. US Dollar Forecast– Dollar Ready ...
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Greek PM Commits to Unbind Greek Regions' Reserves
Union of Greek Regions Greek Prime Minister Alexis Tsipras has made a political commitment to proceed as soon as possible to change the ...
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Plans for Potential Greek Exit From Eurozone Played Down
German Finance Minister Wolfgang Schaeuble hinted that Berlin, Greece's biggest European creditor, was preparing for a possible Greek default.
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Eurozone Officials Openly Refer to “Plan B” for Greece
RIGA, LATVIA – The Wall Street Journal reported on April 25 that some Eurozone finance ministers at the Eurogroup meeting taking place in Riga, the capital of Latvia, were openly talking about a “Plan B” for Greece if an agreement is not reached by the end of June “The statements by the finance ministers of […] The post Eurozone Officials Openly Refer to “Plan B” for Greece appeared first on The National Herald.
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Sixty-nine Trapped Migrants on Evros River Islet Rescued
An operation to rescue 69 undocumented migrants that were trapped on an islet in Evros river, was completed successfully on Saturday. Greek Police were informed on Thursday that a group of people were trapped on an islet and their lives were in danger. A special police unit searched the area and finally located the trapped migrants (42 men, 10 women and 17 children). The preliminary investigation revealed that an unknown individual brought the migrants from Turkey to Greece with a boat and abandoned them on the islet. (source: ana-mpa)
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Greek Government Seeking an Interim Agreement
The Greek government is seeking a solution to its financial dead-end, before its funds run out and while Athens is looking to achieve an Interim Agreement, it maintains its “radio silence” in regards to the critical negotiations. Talks have intensified over the last 24 hours, and despite the fact that everyone admits that there has been “some progress” on the matter, that is still not sufficient and Greece’s positions continue to differ from the positions of its creditor, showing a lack of trust on both parts. In order to secure an agreement until next Wednesday the Brussels Group will resume its discussions on Sunday, April 26, while the possibility of an emergency Eurogroup meeting on Thursday, April 30 has not yet been excluded, despite objections from the partners. The Eurogroup meeting is expected to help with the partial disbursement of Greece’s bailout program. Greek Government: Pushing for positive Eurogroup meeting atmosphere Athens was shocked by the Eurozone finance ministers’ harsh attitude, only one day after the meetings between Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel, as well as French President Francois Hollande and the head of the European Commission, Jean-Claude Juncker. The Greek government had assumed that entire meeting went well and that similar opinions had been expressed. Therefore, Athens did not react for several hours and then attempted to separate what happened at the Eurogroup meeting, from what went on in the meetings with the European leaders, saying that the informal Eurogroup in Latvia attempted to reverse “the constructive and positive atmosphere of the meetings between Alexis Tsipras, Angela Merkel, Francois Hollande and Jean-Claude Juncker in Brussels, where they expressed their intention to reach a solution.” Meanwhile, the Greek government noted that “the pressure against Greece is expected to worsen as the time of the agreement signing draws closer.”
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The Greek crisis is back, and this time it's more serious than before
The rest of the Eurozone think that the Greeks are obfuscating and not providing the details needed. While the Syriza-led Greek government feel that ...
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| READ THE ORIGINAL POST AT blogs.spectator.co.uk |
Greek FinMin Varoufakis: We are Close to an Agreement
“I believe we are close to an agreement. The most important is for it to be done correctly. Not only to sign whatever agreement in order to have an agreement but to manage to achieve something that will be a genuine growth model for Greece ” said ...
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Greeks’ view of the debt crisis: ‘What lies ahead is great, great hardship’
Three months on from Alexis Tsipras’s victory, hope is ebbing away and support for his party is haemorrhagingAnother week. Another crisis. Another make-or-break meeting that may, or may not, throw Greece into the unchartered waters of default, eurozone exit, destitution and despair.It is a sliding scale of drama, of high-octane intensity that Greeks have learned to watch with a mixture of shock, angst, bewilderment and dismay. Today dismay predominates. Continue reading...
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| READ THE ORIGINAL POST AT www.theguardian.com |
What happens if Greece can’t pay its debts?
The standoff between a leftwing government and the financial powers of the EU is near to breaking point. What if the worst happens?This time it’s real: Greece has wriggled out of looming national bankruptcy on numerous occasions over the past five years, but now it has just a few weeks left before it must sign a new debt deal with its eurozone partners and the IMF – or find itself heading for an exit door that leads back to the drachma.On Friday, after a meeting of eurozone finance ministers in the Latvian capital Riga, the signs were ominous. Malta’s finance minister Edward Scicluna, said: “I would describe today’s meeting as a complete breakdown in communication with Greece.” Continue reading...
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National Bank of Greece (ADR) (NBG): Greece Criticised For Slow Progress
National Bank of Greece (ADR) (NYSE:NBG) stock managed to rise more than 5% yesterday and closed at $1.23. However, debt-ridden Greece could ...
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Greece's foreign minister warns against a lose-lose situation
Germany will have to decide whether it wants to support Greece or make an example of the SYRIZA-led administration, according to Greek Foreign Minister Nikos Kotzias.
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
Greek PM tries to appease mayors, governors over cash bill
Prime Minister Alexis Tsipras met regional governors and mayors over the weekend and won their commitment to allowing their cash reserves to be used by the state, but only as a temporary measure.
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
Jacksonville Greek Festival
At the fair grounds not only can you get your Greek groove on but eat delicious food. Show Transcript Hide Transcript. AT THE JACKSONVILLE FAIR ...
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FOREX-Dollar falls on business spending, euro eases on Greece
Euro gains dwindle as Greece gets aid warning. * Sterling shrugs off election worries and gains (Adds late prices, weekly performance data).
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Anger over Greek plans to release terrorist
Move by Tsipras angers families of the victims and Greece’s international partners
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Italian Bonds Gain in Week With Little Angst From Greece Talks
Italian government bonds advanced with their Spanish peers, signaling a lack of anxiety over Greece's financial fate affecting sentiment toward the rest ...
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EU’s Katainen: ‘We can Work Closely and Help Greek People Find Jobs’
European Commission Vice-President Jyrki Katainen said on Friday he was very satisfied with his visit to Athens and that he was certain the Commission can work closely with Greece to create more jobs. “I learned a lot during my visit and I’m sure we can work very closely (with the Greek government) and help Greek people find new jobs,” Katainen said after his meeting with Greek Prime Minister Alexis Tsipras at Maximos Mansion, adding he was pleased with his visit. He pointed out three elements which could help the Greek economy. The first is that as soon as a new risk fund is set up, it could loan money to small and medium-sized businesses in Greece. The second, addressed to the private sector, is that businesses can communicate independently, privately and directly with the European Investment Bank (EIB) and establish cooperative relationships without the intervention of the public sector. Thirdly, Katainen said he told the prime minister and his ministers that it would make sense to use public–private partnership (PPP) in investments related to energy or investments which have a social character. (source: ana-mpa)
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Greece's governors agree to lend cash to central government
By Renee MaltezouATHENS (Reuters) - Greece's governors and other local officials agreed on Saturday to lend cash to the near-bankrupt central government after Prime Minister Alexis Tsipras assured them the measure would last for only a short period of time.Greek lawmakers approved a decree late on Friday to force state entities to lend cash to the central government in spite of protests by municipalities and labor unions.The measure, which was approved by 156 lawmakers in the 300-seat chamber, caused an outcry by local governors, who met Prime Minister Alexis Tsipras on Saturday to seek an explanation about the necessity of the action."We got assurances that the measure is an emergency and temporary one, so it will become optional in a short time," the head of the Greek group representing local government officials, Kostas Agorastos, told reporters after the meeting."Since he (Tsipras) talked to us honestly, and since our country needs this negotiating tool now for the negotiations to be completed, we will give it this tool," he said.Just weeks away from running out of cash, Athens has been tapping the cash reserves of public sector entities through so-called repo transactions to cover its needs.On Monday it ordered entities including local governments to lend spare cash to the state while it tries to reach a deal with skeptical foreign creditors on new financial aid."The state is committed to paying salaries and pensions," the government's parliamentary speaker, Nikos Filis, told lawmakers, defending the legislation. "The money will be earning better interest rates (than what banks pay)."In a symbolic protest, municipal workers walked off the job for three hours on Friday. Some local government officials have threatened to defy the orders, while others have said they need more information before contributing to central government coffers.The protests added to pressure on Tsipras, whose decision to battle lenders has become increasingly unpopular. A University of Macedonia poll this week showed 45.5 percent of Greeks approved of the government's negotiating stance, down roughly 30 percentage points from February.Athens is locked in a dispute with its EU and IMF creditors over its proposal for a deal to obtain cash in exchange for making reforms, and progress has been limited. Euro zone finance ministers said after the end of a meeting in Riga on Friday that the prospects for a deal were distant and time was running out and accused Greece of failing to move quickly.Athens must pay the International Monetary Fund almost 1 billion euros ($1.1 billion) in May. It has said it wants to honor its obligations and needs lenders to offer something in return."For all this time, Greece and the Greek people have been bleeding to fulfill their debt obligations - a proof of the government's willingness to reach a solution," government spokesman Gabriel Sakellaridis told Mega TV on Friday.(Additional reporting by Angeliki Koutantou and George Georgiopoulos, Editing by Deepa Babington and Dan Grebler; editing by Jane Baird)Join the conversation about this story »
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2015 Greek festival
The weekend-long event has Greek food, desserts and music for all to enjoy. Local Greek-Augusta residents we spoke with say they love sharing their ...
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Chobani welcomes addition of Greek yogurt as option for school lunch menus nationwide
Chobani, which operates one of the world's largest yogurt factories in Twin Falls, is welcoming news that Greek-style yogurt has now been approved ...
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Cigarette-smuggling ring arrested in northern Greece
Police in Kilkis, northern Greece, said on Saturday that they had smashed a criminal racket alleged to have smuggled thousands of packets of contraband cigarettes into Greece.
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Poll: Large majority of Greeks want compromise with lenders
A large majority of Greeks want Athens to reach a compromise deal with its foreign lenders to avoid being forced out of the euro area, according to a new survey.
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
Police rescue 69 migrants from Evros River
A police patrol in northeastern Greece on Saturday rescued 69 migrants stranded on the Evros River, the natural boundary with Turkey, which is a popular crossing point into Europe.
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Germany hints at preparations of a Plan B on Greece
At a briefing with reporters after a tense meeting of euro zone finance ministers on Greece on Friday, Schaeuble was asked if euro zone finance ...
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Eurozone Finance Ministers Contemplate 'Plan B' for Greece
RIGA, Latvia—Some eurozone finance ministers on Saturday acknowledged for the first time that they are considering plans on what to do if no deal ...
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| READ THE ORIGINAL POST AT www.wsj.com |
Japanese Yen to Look Past BOJ Decision, Focus on Greece and FOMC
The outcome of negotiations between Greece and its EU/IMF creditors at a meeting of Eurozone finance ministers and central bankers in Riga over the ...
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Isolated in debt talks, Greek finance rebel gets the cold shoulder
After three months of largely fruitless negotiations, euro zone ministers warned him on Friday that the radical leftist Greek government will get no more ...
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UBS chairman says Greek default increasingly seen by IMF as controllable
ZURICH (Reuters) - UBS's chairman said a default by Greece is seen by the International Monetary Fund as "systemically controllable" and he believed it would have a negligible impact on the Swiss bank itself, according to a newspaper interview published on Saturday.Athens is lurching closer to bankruptcy, with its next big test on May 12, when it is due to pay 750 million euros to the IMF. Euro zone finance ministers told Greece on Friday that its leftist government would get no more aid until it agreed a complete economic reform plan.In an interview with Neue Zuercher Zeitung, the chairman of Zurich-based UBS, Axel Weber, addressed the alternative if euro zone and Greek officials fail to reach an agreement."I've just come from a meeting of the International Monetary Fund. There, the consensus is increasingly that a Greek default would be systemically controllable," Weber said in the interview, without elaborating.Weber is the former head of Germany's central bank, during which time he also served as the German governor of the IMF. He has been chairman of UBS since 2012.Weber said the Swiss bank had reduced its exposure to Greek debt long ago, and that thus a default would have negligible consequences.The impact of a potential Greek default is the biggest risk to the euro zone's economic recovery after a long crisis from which the 19-nation currency area is finally emerging.Unlike at the height of the crisis in 2011-12, economists believe the euro zone is far better placed to withstand any Greek default because the currency bloc has its own bailout fund, support from the European Central Bank and a banking union that can protect banks from crisis fallout.(Reporting By Katharina Bart; editing by Ralph Boulton)Join the conversation about this story »
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Bundesbank chief concerned about emergency funding for Greek banks
BERLIN (Reuters) - The head of Germany's Bundesbank said on Saturday he had misgivings about granting emergency funding to Greece as the liquidity situation at the country's banks has not improved.
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Koimisis Tis Theotokou Greek Orthodox Church to be partially dismantled
About 10 days after a major fire raged through the Koimisis Tis Theotokou Greek Orthodox Church in Montreal, the building is now deemed "unsafe" ...
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Greece talks turn to idea of a Plan B
Frustrated finance ministers for the first time broke the taboo of talking about a “Plan B” for Greece at a fraught meeting in Riga. Several ministers of eurozone countries attacked their Greek colleague, Yanis Varoufakis, telling him his country was ...
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Euro Ministers Alarmed as Bloc Shuts Down Greece Plan B
Europe's refusal to draw up contingency plans to prepare for the failure of negotiations with Greece is alarming some euro-area finance ministers.
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No more aid till 'big, big problems' solved, Eurogroup tells Greece
As Greece lurches closer to bankruptcy, European finance ministers piled on the pressure at the latest bailout talks in the Latvian capital Riga on ...
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| READ THE ORIGINAL POST AT www.euronews.com |
Greece warned over debt by Euro ministers
(Vatican Radio) A tense meeting of Eurogroup finance ministers in Latvia has ended with a warning to Greece to speed up its economic reforms if it ...
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Controversial Act of Parliament Passes on Ruling Coalition Vote Amid Stiff Opposition
Greek Parliament on Friday passed on ruling coalition votes a controversial parliamentary act obliging cities and state-related entities to transfer the majority of their liquid assets to Greece’s central bank for use by the government. The act, which exempts health and pension funds, unleashed a fury of opposition that included verbal abuse and heavy charges of wasting valuable time while the economy was worsening. Ruling coalition parties Radical Left Coalition (SYRIZA) and Independent Greeks (ANEL) passed the act under emergency voting procedures with 156 votes. A total of 260 deputies took part in the roll-call vote (in principle and on article 1), as proposed by main opposition New Democracy and Communist Party of Greece (KKE). Voting down the act were 104 deputies of ND, Potami, Golden Dawn (Chryssi Avgi), KKE and PASOK. (source: ana-mpa)
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