How the world sees Greece
Negotiations between Greece and its creditors resumed at the technical level via teleconference on Thursday. Meanwhile, with pressure for a deal growing as cash reserves dwindle, Finance Minister Yanis Varoufakis proposed that Greece push back the repayment of bonds held by the European Central Bank.
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Foreign Minister Nikos Kotzias and the European Union’s top foreign policy official, Federica Mogherini, on Thursday discussed rising tensions in the Former Yugoslav Republic of Macedonia, which have led to FYROM resurrecting demands for its accession to the EU and NATO despite an ongoing dispute with Greece over the Balkan state’s official name.
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A new bill foreseeing the granting of Greek citizenship to tens of thousands of second-generation immigrants was put up for public consultation on Thursday.
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The Greek government, which has riled lenders recently with the reversal of some reforms in the public sector, said that it will introduce a new assessment scheme for civil servants within a month.
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Campaigners advocating the return of the Parthenon Marbles expressed disappointment on Thursday at a statement by Alternate Minister for Culture Nikos Xydakis suggesting that Athens would opt for political and diplomatic routes over a legal one to secure the priceless artifacts.
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Cosco Pacific, the port unit of China Ocean Shipping Group, seems to be distancing itself from any involvement in a port privatisation plan in Greece, ...
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The Greek government has rejected advice by human rights attorney Amal Clooney to wage a legal battle for the Parthenon Marbles and has dropped ...
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Greece's Finance Minister said he will reject any deal with international bailout creditors that does not help the country exit its economic crisis. The post Greece Sticks To Its Guns appeared first on The National Herald.
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Greece's Culture Minister said he would not launch a court challenge to get the British Museum to return the stolen Parthenon Marbles The post Greece Won’t Sue For Marbles Return appeared first on The National Herald.
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Signup forms for the second annual 5K Freedom Run are now available on the Town of Greece website. The 5K Freedom Run will be a part of the ...
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Greece has backed off a threat to sue the United Kingdom for the return of the Elgin Marbles, a set of sculptures dating to 400 B.C. that were removed ...
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Missing toddler Ben Needham will be back in the spotlight as his mother is poised to make a direct TV appeal in Greece. Kerry Grist (formerly Needham) has travelled to Greece in the company of UK police officers.
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After working with Jason Reitman on “Labor Day” and “Men, Women and Children,” 17-year-old actress Elena Kampouris has been cast in “My Big Fat ...
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For members of the Greek community, it can be hard to find authentic food. Maybe your dad never wrote down his mother's recipes, or your uncle's ...
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Seeking legal action is only one of the options available to Greece on the issue of the return of the Parthenon Marbles, Greek Alternate Culture Minister Nikos Xydakis said on Thursday, following his statement on Wednesday that the ...
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Surprise!? Gerry Rice, director of The IMF’s communication department relvead to journalists the truth. That the international Monetary Fund had a Plan B for the case things in Greece would get out of control. “The IMF has worked out Plan B to contain the crisis, should things with Greece get […]
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Greece has ruled out legal action to get the Elgin Marbles back from the British Museum after rejecting the advice of top lawyer Amal Clooney.
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BRUSSELS -- The European Union's border agency is boosting its operations in the Mediterranean Sea near Greece as increasing numbers of ...
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Italian Finance Minister Pier Carlo Padoan set out the risks of a euro breakup as Greece gave in to creditor demands for the privatization of state ...
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Yanis Varoufakis told a conference in Athens that he would reject any agreement in which 'the numbers do not add up'. Photograph: Alkis ...
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Why the Greek debt crisis shouldn't be viewed as a conflict between different countries, but one between workers across Europe and big business.
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| READ THE ORIGINAL POST AT theconversation.com |
While the International Monetary Fund is examining all possibilities, its baseline scenario is for Greece to remain in the eurozone as this is also the expressed wish of Athens, IMF spokesman Gerry Rice said on Thursday ahead of an informal meeting of the Fund’s board in the presence of European Central Bank President Mario Draghi in Washington.
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Thanks to a deal signed on Thursday between the government and the European Bank for Reconstruction and Development, funds of up to 500 million euros per annum are set to come to Greece up until 2020, with the likely recipients being small and medium-sized enterprises (SMEs). The lender is also set to open an office in Greece.
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Greece will remain among the countries with the highest pensions in Europe over the next four decades if reforms concerning the level of pensions and the age of retirement are implemented, according to a European Commission report.
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A fixed price regime for books sold in Greece will be restored, Alternate Minister for Culture Nikos Xydakis said on Thursday.
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But what's the difference between that "regular" American yogurt and the Greek, Aussie, and Icelandic varieties you've become familiar with at the ...
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FRANKFURT--Jens Weidmann, the head of Germany's Bundesbank, criticized the weekly increases of emergency liquidity assistance for Greek banks ...
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As the window for Greece to reach an agreement with its creditors closes, European Central Bank President Mario Draghi is meeting with US Treasury ...
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While the Greek finance minister Yanis Varoufakis urges the European Central Bank to give Athens more time to pay back its debt bonds, members of ...
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Danielle HaynesATHENS, Greece, May 14 (UPI) -- Greece will not pursue a legal fight with the British Museum over the return of the so-called Elgin Marbles, Greece's new cultural minister said.
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Greece's finance ministry has hit back at media reports saying its minister Yanis Varoufakis had proposed pushing back the country's debt repayments ...
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| READ THE ORIGINAL POST AT www.marketwatch.com |
Greece's finance ministry has hit back at media reports saying its minister Yanis Varoufakis had proposed pushing back the country's debt repayments ...
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| READ THE ORIGINAL POST AT www.marketwatch.com |
Advocacy groups seeking to get the British Museum to return the Parthenon Marbles to Athens expressed disappointment Thursday after Greece's ...
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Greece appears to have made a significant U-turn in its battle to unlock new bailout funds, by confirming plans to sell the country's biggest port.
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Writing on CNBC, Kelly notes that Greece could stay in the Eurozone and begin repaying its debt, but it needs a method to monetize state-owned ...
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The Greek and Turkish foreign ministers swayed side-by-side, while NATO boss Jens Stoltenberg and EU foreign policy chief Federica Mogherini danced on stage as NATO ministers joined in a raucous rendition of "We are the World". Putting aside crises over Ukraine and Libya that had occupied them during the day, normally buttoned-up ministers and top military officers let their hair down after dinner at a NATO meeting in the Turkish seaside resort of Antalya on Wednesday. Turkish Foreign Minister Mevlut Cavusoglu, the host, climbed on stage to thank the band that had played for the guests after their first day of discussions, according to Turkish newspaper Hurriyet's website. As the group played out with "We are the World", written by Michael Jackson and Lionel Richie in 1985 for a campaign against famine in Africa, Cavusoglu invited other ministers to join him and the performers on stage.
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Europeans are getting jittery about the threat of a Greek exit from the single currency, and the fear has driven Germans to invest in gold bars and coins. World Gold Council data shows that Germans increased purchases of gold coins and bars of bullion by 20% to 32.2 tonnes in the first three months of 2015, the fastest rate in a year.
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Any deal on Greece's economic policies "needs to add up" and reach the objectives that have already been agreed, Gerry Rice the spokesman for the International Monetary Fund said on Thursday. Greece is in talks with European governments and ...
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While Arlington Public Schools does not teach Greek, Cawley began studying on her own. Earlier this year, her high-school Latin teacher, Nora Kelley, ...
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"The Greek government respects the Bank of Greece's independence and ... seeks to have the best possible cooperation for the interests of the ...
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It all started with a glorious welcome ceremony under the presence of high ranking cleric, government ministers and military officers. Carefully put in a silver casket, the remains of Saint Barbara arrived in Athens Airport on Sunday afternoon and from there they were escorted to Aegaleo suburb of Western Athens […]
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Finance Minister Yanis Varoufakis revealed the size of pressure the Greek government and the negotiation team is exposed to by the creditors but also the creditors’ plan who insist on further austerity. “The lenders have gone so far to demand that we reduce all wages above 700 euro down to […]
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GREENVILLE, S.C. —Greenville becomes Greekville for the next four days as the 29th Annual Greenville Greek Festival gets underway on Thursday.
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Deutsche Bank analysts sent round a note on Thursday saying that Greece is "suffering a new exodus" of finance, as capital floods out of the crisis-hit country. In the last six months, during which time it became clear that there would be an election and the previous centre-right government was replaced with the anti-austerity Syriza party, a huge chunk of people with money in Greece have been looking for the exits. Here's how it looks: Greece's financial account (which comprises things like direct investment and reserves) has plunged by more than 25% of GDP in six months. Those flows are pretty much evenly driven by foreign and domestic investors, both of which are heading in the same direction: Anywhere but Greece. In the three months to February alone, Greece lost €45 billion ($51.09 billion, £32.46 billion) in private finance. The relative steadiness of Greece's private financial account since 2012 has been lost completely: Here's a snippet of the note, discussing just how much worse the Greek figures are than any other part of southern Europe: The capital flow movements in Greece are altogether more negative in composition. Both foreign and domestic monies are leaving Greece. In the last 3 months (to February), EUR24bn of foreign private flows and EUR21bn of domestic private flows have exited Greece.Join the conversation about this story » NOW WATCH: Forget the Apple Watch — here's the new watch everyone on Wall Street wants
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The minister, Yanis Varoufakis, said the “soul” of the central bank’s chief, Mario Draghi, was “filled with fear” at the idea of forgiving Greek debt.
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Reserved trade saw turnover dip to less than 75 million euros at the Greek bourse on Thursday and although the banks index posted a marginal drop the benchmark managed to recover its morning losses to end up well in the green.
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(Repeats with no changes to text). * Firms asked to submit bids for Piraeus. * Bundesbank chief takes hard line on Greece. * Greek government ...
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Coincidentally, he's introducing the truck on the same weekend as the three-day Greek Festival at the Holy Trinity Greek Orthodox Cathedral in ...
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The Greek restitution case is romantic, sure, but doomed – and false. Imagine the chaos if all countries, from Italy to Turkey, started demanding treasures back“All happy families are alike; each unhappy family is unhappy in its own way,” wrote Tolstoy in Anna Karenina. It’s the same with the relationships between museums and the treasures they hold. Works of art in museums all belong to a single category of disinterested universal value, until someone asks for them back. Then suddenly their history is scrutinised, and each time that history is unique, tangled, painful.Greece’s demand for the return of the Parthenon sculptures, popularly known as the Elgin marbles, from the British Museum is one such story. It has just entered a new phase, with the Greek government’s decision not to persist with legal action to get the 5th-century BC masterpieces back. I predict this is the start of a slow retreat, a gradual acceptance by Greece that it will never be able to reverse the history that began when Lord Elgin shipped these sculptures from Athens in the early 19th century. As the British Museum has proved with its terrific current exhibition of Greek art, it can and does display these works as part of humanity’s heritage, a global property, and therefore no one’s. Related: Greece drops option of legal action in British Museum Parthenon marbles row Continue reading...
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BRUSSELS (AP) — The head of the European Union's border agency says it is boosting its operations in the Mediterranean near Greece as increasing numbers of migrants try to enter the EU from Turkey.
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