As the Greek government's anointed “heavy,” he is working Plan B (a potential exit from the eurozone), while Prime Minister Alexis Tsipras makes ...
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| READ THE ORIGINAL POST AT www.marketwatch.com |
How the world sees Greece
Saturday, May 30, 2015
Egyptian and Greek air forces start joint exercises
Greece's Hellenic air forces units arrived in Egypt on Friday to participate in the joint Egyptian Greek air force exercises “Horus 2015” , reported ...
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| READ THE ORIGINAL POST AT english.ahram.org.eg |
Greek President: No Cyprus deal without withdrawal of Turkish troops
THE GREEK PRESIDENT Prokopis Pavlopoulos has said a solution of the Cyprus problem must include the withdrawal of Turkish troops and illegal ...
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| READ THE ORIGINAL POST AT famagusta-gazette.com |
Weekly market recap: Greek debt crisis unsettles markets
It was a choppy week due to mixed economic data, the Greek debt problem, and wavering growth in China. With equities near their all-time highs, ...
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| READ THE ORIGINAL POST AT www.examiner.com |
Greek energy minister held gas pipeline talks in Moscow
ATHENS May 30 (Reuters) - Greece's energy minister has discussed in Moscow the construction of a pipeline that will transport Russian gas to ...
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| READ THE ORIGINAL POST AT af.reuters.com |
Greece confident of making a deal with creditors this week
Greece's government has expressed confidence over reaching a deal with the creditors this week. The country's interior minister on Saturday stated ...
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| READ THE ORIGINAL POST AT thenextdigit.com |
Greece could push back parts of its anti-austerity programme to seal a deal this week
Voutsis said Athens and its partners agreed on some issues, such as achieving low primary budget surpluses in the first two years. But they still ...
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| READ THE ORIGINAL POST AT news.forexlive.com |
President Pavlopoulos of Greece Draws Its Cyprus Red Lines
Prokopis Pavlopoulos, the president of Greece emphasized that a solution of the Cyprus problem must include the withdrawal of Turkish troops and illegal settlers as well as the guarantee of the European acquis communautaire, the accumulated legislation, legal acts, and court decisions which constitute EU law. “The Greek President, who received today a delegation of […] The post President Pavlopoulos of Greece Draws Its Cyprus Red Lines appeared first on The National Herald.
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
Greek govt. confident of reaching deal with creditors: minister
PanARMENIAN.Net - Greece's government is confident of reaching a deal with its creditors this week and is open to pushing back parts of its ...
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| READ THE ORIGINAL POST AT www.panarmenian.net |
Greek Risks Spur Demand for Fixed Income in Europe
Total volume of deposits in Greek banks decreased 3.6% in April to some 133.7 bln euros, down from 138.6 bln euros the previous month, according ...
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| READ THE ORIGINAL POST AT sputniknews.com |
Suspect dead as Greek police raid far-left linked robbers
ATHENS: A suspected bank robber committed suicide Friday as Greek police carried out a raid against a far-left linked gang, a police source said.
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| READ THE ORIGINAL POST AT www.thesundaily.my |
UK weather: Britain to be hotter than Greece as forecasters predict temperatures of up to 30C
As summer officially starts on Monday, high pressure and continental air are set to drift in over the UK sparking a heatwave which is expected to last for ...
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| READ THE ORIGINAL POST AT www.mirror.co.uk |
Greece is hot all over again
The Halkidiki Peninsula in the north of mainland Greece neatly divides into three areas. Kassandra has the best nightlife and the more rugged ...
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| READ THE ORIGINAL POST AT www.express.co.uk |
Oh, the horror: destitute migrants in Greece make tourists feel 'awkward'
Lucky to be alive, group of Afghan migrants arrive in Kos, Greece. Meanwhile, tourists to the cheap vacation destination complain the migrants are ...
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| READ THE ORIGINAL POST AT www.albawaba.com |
Greece Willing to Compromise to Secure Bailout Fund by the End of This Week: Interior Minister
Voutsis, who is not one of the members in Greece's negotiations with its lenders, assures that the government is doing what they can to secure the ...
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| READ THE ORIGINAL POST AT www.benchmarkreporter.com |
There has been 'real progress' in talks with Greece, French PM says
There has been real progress in the talks on an agreement for Greece, French Prime Minister Manuel Valls said in an interview with the Italian newspaper "La Repubblica" published on Saturday. Asked about the possible repercussions of a Greek ...
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| READ THE ORIGINAL POST AT en.enikos.gr |
Brussels Group talks continuing at intense pace
Negotiations between Greek authorities and representatives of the institutions in the Brussels Group are continuing at an intense pace, sources said on Saturday. There was a meeting between technical teams on a wide range of issues on Saturday morning, ...
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| READ THE ORIGINAL POST AT en.enikos.gr |
Greek Police: Dead Suspect Linked to Sensational Paleokostas Prison Break
In a sensational new turn in the case, police on Saturday reported that the suspect killed during a counter-terrorism operation at Nea Aghialos in Volos was none other than the pilot of the helicopter in which notorious criminal Vassilis Paleokostas had in 2006 escaped from Korydallos Prison in Athens, Greece . During the preliminary inquiry conducted by the counter-terrorism squad, the dead man was positively identified as 34-year-old Spiros Dravilas, also known by the nickname ‘Karfakias,’ who was also implicated in an armed robbery carried out in Distomo last August. Police arrested two individuals during Friday’s operation, 44-year-old Spiros Christodoulou and 37-year-old Grigoris Tsironis. The latter arrest was considered especially fortunate, since Tsironis has been wanted for years as one of the ‘robbers in black’ that worked with the brothers Marios and Simos Seisidis. Along with the brothers, police had offered a 600,000-euro reward for Tsironis after an attack on the Agia Paraskevi police station using Kalashnikov rifles. According to information given by authorities, four shots were heard from within the house during the police operation at Aghialos, before police had entered. The two suspects in custody then surrendered, claiming that the third suspect shot himself to avoid arrest. Tsironis initially identified himself as Spiros Dravilas, causing confusion concerning the identity of the dead man. This was later definitively settled when the dead man’s finger prints revealed his true identity. The two men under arrest are to be led before a public prosecutor on Saturday afternoon. In a press conference, Chief of Police Dimitris Tsaknakis confirmed that Dravilas committed suicide, shooting himself in the head after he realized the police had surrounded the house in Nea Aghialos. The police operation was mounted after the counter-terrorism squad uncovered information indicating that Vassilis Paleokostas may be involved in two serious armed robberies recently carried out in Thessaly. Police said that the dead man, Dravilas, and 45-year-old Spiros Christodoulou were both at the Distomo robbery in August with Giorgos Petrakakos, who is wanted and still at large. The three were uncovered after authorities spotted Dravilas driving a Nissan truck that had earlier been used in an armed robbery in Ambelonas, Larissa outside a supermarket in Volos. Police set up a surveillance operation, followed the truck back to the house in Nea Aghialos and soon after decided to move in. A search of the house has revealed additional evidence, such as fire arms, ammunition and three stolen cars. All three men are believed to have participated in a robbery at Farkadona, Trikala on April 2 and the robbery in Ambelonas, Larissa on April 30. Asked whether any of the three are linked to terrorism in any way, Tsaknakis said there was no evidence to confirm this, apart from the fact that convicted terrorist Nikos Maziotis had taken part in robberies committed by the gang in the past. (source: ana-mpa)
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Greek Health Ministry Considers Time Schedule for Public Smoking
Unable to ban smoking in public places, the Greek government is considering to implement a measure according to which indoor smoking will be allowed at certain hours. Greeks stubbornly refuse to comply with European Union directives that prohibit smoking indoors in public places. Since smoking is tied with social activities such as eating and drinking, it is next to impossible for restaurants, coffee shops and bars to not allow patrons to smoke. “No Smoking” signs in such places are only for show. Health ministry officials have put on the drawing table a plan to implement “smoking hours” in restaurants, bars and coffee shops, according to Mega television report. The plan is to allow smoking only for certain hours. General Secretary of Public Health Yiannis Baskozos said on television that according to his experience, in other European countries there are certain hours when smoking is allowed, and others when smoking is prohibited. “I have seen in Berlin that smoking in restaurants and bars was forbidden completely for three hours, from 7:00 to 10:00 pm for example. I’m not saying that this is the solution, but it is an idea,” Baskozos said. According to the Hellenic Cardiological Society, 51.2 percent of Greek men and 25.7 percent of women are smokers. Age-wise, 64.2 percent of men in the 25-44 age bracket smoke, while the percentage for women in the same age bracket is 37. The same survey on second-hand smoke show that 25-30 percent of passive smokers are at risk of dying from coronary heart disease, while the likelihood of stroke and ischemic myocardial disease increases dramatically.
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Greek Standoff Spooks Investors
The major American stock indices declined moderately on Friday, as investors became increasingly concerned about the consequences of a Greek ...
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| READ THE ORIGINAL POST AT www.wallstreetsectorselector.com |
Greek Energy min. Lafazanis: Greece Will Probably Submit Request to Participate in BRICS Bank
Lafazanis added that technical details were also discussed on how to submit the request so that it will be accepted after discussions within the Greek ...
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
US Warns Against World Economy Effects of Potential Greek Default
F041306PM-0035.JPG The United States through Treasury Secretary Jack Lew warned on Friday of a possible negative effect for the world economy ...
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Greek dishes stand out at Nancy Kucharski's gatherings
Nancy Kucharski makes a good number of Greek dishes when she hosts a dinner party, including roast leg of lamb with rosa marina (from left), Greek ...
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| READ THE ORIGINAL POST AT www.jsonline.com |
Panaritis appointed Greece's IMF representative amid SYRIZA complaints
The appointment of economist Elena Panaritis as Greece's new representative at the International Monetary Fund has prompted criticism from within ...
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
Greece will make a deal this week. Or else
Greece is confident that it will be able to reach a compromise with its creditors this weekend. International lenders, such as the EU and IMF, are less ...
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| READ THE ORIGINAL POST AT natmonitor.com |
Greece, Argentina, and the Middle-Income Trap
SANTIAGO – Aside from an established tradition of bad macroeconomics, what do Greece and Argentina have in common? One answer is that they ...
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| READ THE ORIGINAL POST AT www.project-syndicate.org |
Greek Bank Run Continues; Greek Domestic Deposits Lowest In Decade
The standard view of the Greek debt crisis is that all everyone has to do is agree upon the reform program and that will be that. And that's a reasonable ...
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| READ THE ORIGINAL POST AT www.forbes.com |
Meeting of government's negotiating group underway, chaired by Tsipras
A meeting of the government's Political Negotiation Group, chaired by Greek Prime Minister Alexis Tsipras, is underway at the Maximos Mansion on Saturday.
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| READ THE ORIGINAL POST AT en.enikos.gr |
Varoufakis outlines plan for Greece's return to borrowing from markets
Greece's Finance Minister Yanis Varoufakis outlined a plan that he said will allow Greece to return to borrowing from the markets, in an interview with the Greek newspaper "Avghi" published on Saturday. Among others, the plan called for the ...
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| READ THE ORIGINAL POST AT en.enikos.gr |
Greece vows to hold out for yet another week
Greece will be able to scrape together enough cash to make a payment of about €300 million due to the IMF on June 5, Economy Minister George ...
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| READ THE ORIGINAL POST AT www.afr.com |
Shrinking US economy and jitters about Greece put the skids under top-flight shares
A shrinking US economy and jitters about Greece put the skids under top-flight shares yesterday. Washington slashed its GDP estimate to show the ...
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| READ THE ORIGINAL POST AT www.thisismoney.co.uk |
Greek Talks With Creditors Deepen as Payment Clock Ticks
Greek officials and creditor institutions are locked in talks for another weekend as both sides work against a payment deadline to avert default and a ...
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| READ THE ORIGINAL POST AT www.bloomberg.com |
Greece Willing to Make Concessions to Secure Agreement
The Greek government is willing to make concessions by pushing back its anti-austerity program in order to secure an agreement with creditors, Greece’s interior minister said. As loan repayments loom large and state coffers are emptying at an alarming rate, the Greek government is prepared to cross the so-called red lines it had set on negotiations. The red lines refer to pension and labor market reforms and tax laws. Interior Minister Nikos Voutsis said on Greek television on Saturday that he is confident the government will reach a deal with lenders next week. “We believe that we can and we must have a solution and a deal within the week,” Voutsis said. “Some parts of our program could be pushed back by six months or maybe a year, so that there is some balance,” he added. Voutsis said Athens and European partners have agreed on some issues, such as achieving low primary budget surpluses in the first two years. But they still disagreed on value added tax rates, with Greece pushing so any VAT hikes will not burden lower incomes. The interior minister also said that in political negotiations European partners have agreed that further austerity measures will be counter-productive. “A powerful majority in the political negotiations have shown respect for the fact that there can’t be further austerity strategies for the Greek issue, the Greek problem and the Greek people,” Voutsis said.
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Eurydice: an exquisitely-staged adaptation of a classic Greek myth
For her retelling of the Greek tale of Orpheus, the musician who descends into Hades to fetch back his dead wife, Eurydice, Ruhl adds a new wrinkle.
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| READ THE ORIGINAL POST AT www.theglobeandmail.com |
Greek Festival returns in late June
St. Spyridon Greek Orthodox Church will host the 72nd Sheboygan Greek Fest June 26-28 at Deland Park on the city's lakefront. The annual festival ...
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| READ THE ORIGINAL POST AT www.sheboyganpress.com |
Gold ends month slightly higher amid weaker dollar, Greek debt impasse
Investing.com -- Gold futures inched up on Friday extending modest gains from the previous session, as a basket of mixed U.S. economic data ...
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| READ THE ORIGINAL POST AT www.investing.com |
Saturday Papers: Greek debt deal uncertainty unsettled markets
The Guardian: European shares fell on Friday after Greek bank deposits slumped to a decade low, raising fears that the country is heading towards a ...
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| READ THE ORIGINAL POST AT citywire.co.uk |
More Than 4,200 Migrants Rescued In Mediterranean
By Gavin Jones ROME, May 30 (Reuters) - More than 4,200 migrants trying to reach Europe have been rescued from boats in the Mediterranean in last 24 hours, the Italian coastguard said on Saturday. In some of the most intense Mediterranean migrant traffic of the year, a total of 4,243 people have been saved from fishing boats and rubber dinghies in 22 operations involving ships from nations including Italy, Ireland, Germany, Belgium and Britain. On Friday the Italian navy said 17 dead bodies had been found on one of the boats off Libya. Details of the nationalities of the victims and how they died have not yet been released. The bodies and more than 200 survivors will be brought to the port of Augusta in eastern Sicily aboard the Italian navy corvette Fenice later on Saturday, the coastguard said. Migrants escaping war and poverty in Africa and the Middle East this year have been pouring into Italy, which has been bearing the brunt of Mediterranean rescue operations. Most depart from the coast of Libya, which has descended into anarchy since Western powers backed a 2011 revolt that ousted Muammar Gaddafi. Calm seas are increasingly favoring departures as warm spring weather sets in. In this April 20, 2015, file photo, a coast guard officer looks at the wreckage of a boat which was carrying dozens of migrants in the eastern Aegean island of Rhodes, Greece. (AP Photo/Nikolas Nanev, File) Last month around 800 migrants drowned off Libya in the Mediterranean's most deadly shipwreck in living memory when their 20-meter long fishing boat capsized and sank. That spurred the European Union to agree on a naval mission to target gangs smuggling migrants from Libya, but a broader plan to deal with the influx is in doubt due to a dispute over national quotas for housing asylum seekers. The EU plan to disperse 40,000 migrants from Italy and Greece to other countries met with resistance this week, with Britain saying it would not participate and some eastern countries calling for a voluntary scheme. Around 35,500 migrants arrived in Italy from the beginning of the year up to the first week of May, the UN refugee agency estimated, a number which has swelled considerably since. About 1,800 are either dead or missing. Most of those rescued on Friday and Saturday are expected to reach ports around southern Italy during the weekend. The British naval vessel HMS Bulwark offloaded more than 740 early on Saturday at the southeastern Italian port of Taranto. More than 200 migrants arrived at the Calabrian port of Crotone in south-west Italy on board the Belgian navy ship Godetia. Life jackets are seen on a beach on the Greek island of Kos, after Afghan migrants arrived after crossing a part of the Aegean Sea between Turkey and Greece, on May 27, 2015. (ANGELOS TZORTZINIS/AFP/Getty Images) (Additional reporting by Gillian Hazell; Editing by Angus MacSwan and Pravin Char) -- 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.
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Clock ticks on Greece
CNBC Things are getting worse by the day for Greece, reports CNBC's Michelle Caruso-Cabrera. And next week, the first bill comes due. Published ...
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| READ THE ORIGINAL POST AT www.nbcnews.com |
Finance ministers tackle growth worries amid worries about potential 'accident' with Greece
DRESDEN, Germany (AP) — Finance ministers from the Group of Seven wealthy democracies heard a sharp call from U.S. Treasury Secretary Jacob ...
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| READ THE ORIGINAL POST AT www.newser.com |
Greece & Euro Risk Rising, Investors Complacent?
Interest Rates: With stronger monetary and fiscal firewalls in place, we believe that investors are complacent about the risk from Greece. We assess ...
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| READ THE ORIGINAL POST AT blogs.barrons.com |
Greek Economy Minister: 'Plan B doesn't exist'
ATHENS (Reuters) - Greece's government is confident of reaching a deal with its creditors this week and is open to pushing back parts of its anti-austerity program to make that happen, the country's interior minister said Saturday. Greece and its EU/IMF creditors have been locked in talks for months on a cash-for-reforms deal and pressure is growing for a deal, since Athens risks default without aid from a bailout program that expires on June 30. "We believe that we can and we must have a solution and a deal within the week," Interior Minister Nikos Voutsis, who is not involved in Greece's talks with the lenders, told Skai television. "Some parts of our program could be pushed back by six months or maybe by a year, so that there is some balance," he said. He did not elaborate on what parts of the ruling Syriza party's anti-austerity program could be pushed back, but the comments suggested a greater willingness to compromise on pre-election pledges. Prime Minister Alexis Tsipras stormed to power in January on promises to cancel austerity, including restoring the minimum wage level and collective bargaining rights. The government earlier this week said it hoped for a deal by Sunday, though international lenders have been less optimistic, citing Greece's resistance to labor and pension reforms that are conditions for more aid. Voutsis said Athens and its partners agreed on some issues, such as achieving low primary budget surpluses in the first two years. But they still disagreed on a sales tax, with Greece pushing so any VAT hikes will not burden lower incomes. "A powerful majority in the political negotiations has showed respect for the fact that there can't be further austerity strategies for the Greek issue, the Greek problem and the Greek people," he said. The debt stand-off between Greece and its European Union partners overshadowed a meeting of policymakers from the Group of Seven rich nations in Dresden, Germany, on Friday. The United States warned of a possible accident for the world economy if Greece and its creditors miss their June deadlines to avert a debt default. In an interview with Realnews newspaper published on Saturday, Economy Minister George Stathakis said Athens had no alternative plan. "The idea of a Plan B doesn't exist. Our country needs to stay in the eurozone but on a better organized aid program," he said. Stathakis was confident a deal will be reached. "Otherwise, mainly Greece but the European Union as well will step into unchartered waters and no-one wants that." (Reporting by Angeliki Koutantou; Editing by Deepa Babington and David Holmes)Join the conversation about this story » NOW WATCH: Here's what 'Game of Thrones' stars look like in real life
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AGAPW Honors Mothers of the Greek Diaspora
NEW YORK – AGAPW hosted its “Annual May celebration Ackno wledging the Mothers of the Greek Diaspora” on May 26. Anthousa Diakopoulos Iliopoulos, Maria Logus, and Lila P rounis were chosen both to receive honors and to pay tribute to “Greek American wome n, who through their volunteer philanthropic and charity work become ‘mothers t […] The post AGAPW Honors Mothers of the Greek Diaspora appeared first on The National Herald.
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Brussels Group Talks Continuing, No ‘Ultimatum’ On Dates Says EU
ATHENS – Discussions at the Brussels Group are continuing and there is not ultimatum about when its work much be concluded, European Commissioner Pierre Moscovici’s spokeswoman Annika Breidthardt said on Friday. European Commission spokesman Margaritis Schinas, meanwhile, stressed that all three institutions in the talks were “working on one main scenario,” which was that Greece […] The post Brussels Group Talks Continuing, No ‘Ultimatum’ On Dates Says EU appeared first on The National Herald.
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ECB's Constancio says effects of potential Greek default for banks not clear
The effects of a potential Greek default on the country's banks cannot yet be predicted, ECB vice president Vitor Constancio said on Saturday, stressing that he did not foresee a default. If cash-strapped Greece missed a debt payment, the ...
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| READ THE ORIGINAL POST AT en.enikos.gr |
Police confirm two arrested, one dead in raid to catch bank robbery suspects
Police confirmed on Saturday that they have arrested two men in a raid to catch the men suspected of carrying out 400,000-euro robbery last year. A third man died during the operation near Volos, central Greece.
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| READ THE ORIGINAL POST AT ekathimerini.com |
Charity funding to help students vie in Olympiads
The Onassis Foundation has offered to step in and provide the money needed for Greek students to take part in academic competitions after the government said it would no longer be able to provide the 50,000 euros needed for the trips to take place.
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| READ THE ORIGINAL POST AT ekathimerini.com |
US Treasury Secretary: Europe is courting disaster with the Greek debt crisis
Lew said that further delaying Europe's six-month old talks with Greece was "courting an accident" — such as a Greek default or messy exit from the ...
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| READ THE ORIGINAL POST AT www.businessinsider.com |
White House to Newsmax: Why IMF Must Show 'Flexibility' on Greece
With Greece due to pay back 1.8 billion euros as the latest installment of its bailout loan from the International Monetary Fund by June 30, the White ...
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| READ THE ORIGINAL POST AT www.newsmax.com |
1,200 migrants washed up on Greek Island of Kos
This spring, in the space of seven weeks, the two-mile route across the easily navigated Aegean Sea has become the new back door to European Union countries.
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| READ THE ORIGINAL POST AT www.dailymail.co.uk |