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Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Sunday, June 7, 2015

G7 tells Europe to fix Greece debt default impasse

The G7 intervention raises pressure on both sides in the dispute to reach a compromise that unlocks bailout aid and brings Greece back from the edge ...


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Short-term deal may save the economy

An agreement between Athens and the institutions that will kick the can down the road may offer a brief respite but will not provide a lasting solution to the Greek crisis. Nevertheless, it may be the only realistic way forward to avert an even worse outcome if the creditors and the government cannot find some common ground. As always, time is not on Greece’s side as the economy deteriorates and deposit outflows continue.


READ THE ORIGINAL POST AT www.ekathimerini.com

Tips to add 120 mln euros to tourism takings

Undeclared but legal earnings amounting to at least 120 million euros will this year be added to the incomes of workers in tourism professions in the form of tips that visitors to this country are expected to leave during their vacations in Greece.


READ THE ORIGINAL POST AT www.ekathimerini.com

G7 leaders to discuss Greek debt crisis, Ukraine and free trade

The Russian President is visiting Italy in the coming week and spoke with Greek Prime Minister Alexis Tsipras by phone on Friday. Mr Tsipras's ...


READ THE ORIGINAL POST AT www.theaustralian.com.au

Juncker vents fury over Greek bailout talks at G7 summit

Irate European commission president accuses Greek PM of undermining negotiations, and leaders agree to maintain Russia sanctionsEuropean Union officials delivered a blistering attack on the Greek government at the G7 summit in Bavaria, and world leaders including Barack Obama sought to avoid a transatlantic split over Ukraine by agreeing to maintain sanctions against Russia.In a day of secluded talks in the Alpine resort of Schloss Elmau, the biggest drama was provided by a verbal attack on the Greek prime minister, Alexis Tsipras, by the European commission president, Jean-Claude Juncker. Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com

G7 leaders urge tough line on Russia at Alpine summit

By Jeff Mason and Noah Barkin KRUEN, Germany (Reuters) - Group of Seven (G7) leaders vowed at a summit in the Bavarian Alps on Sunday to keep sanctions against Russia in place until President Vladimir Putin and Moscow-backed separatists fully implement the terms of a peace deal for Ukraine. The Ukraine conflict and a long-running debt standoff between Greece and its European partners dominated the first day of the annual meeting hosted by Chancellor Angela Merkel at Schloss Elmau, a luxury Alpine hotel in southern Germany. Merkel is hoping to secure commitments from her G7 guests to tackle global warming ahead of a major United Nations climate summit in Paris in December.


READ THE ORIGINAL POST AT uk.news.yahoo.com

Young Greek radicals don’t just want power – they want to remake the world

For the new generation of voters, identity and integrity has replaced ideology. So far, they have deferred to the old institutions – but soon they will have to invent new onesAt some point, as the Greek crisis lurches to its crescendo, Syriza – the radical left party – will call a meeting of something called a central committee. The term sounds quaint to 21st-century ears: the committee is so big that it has to meet in a cinema. You will not be surprised to learn that the predominant hair colour is grey.These are people who were underground activists in a military dictatorship; some served jail time, and in 1973 many were among the students who defied tanks and destroyed a junta. But they think, speak and act in a way shaped by the hierarchies and power concepts of 50 years ago. Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com

Atromitos beats Panathinaikos 2-0 in Greek playoffs

ATHENS, Greece (AP) — Veteran Costas Katsouranis scored twice against his old club to lead Atromitos to a 2-0 home victory over Panathinaikos in the sixth and final round of the Greek league playoffs.


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Geordie Shore's Charlotte Crosby hits the gym while on HOLIDAY in Greece

Most of us see a holiday as an excuse to relax, indulge and treat ourselves. Not Geordie Shore's Charlotte Crosby. The toned reality TV star might be ...


READ THE ORIGINAL POST AT www.mirror.co.uk

Two dismal economic plans for Greece

There are now two proposals on the table — one from the creditors and one from Greece. What they have in common is that neither of them will fix the ...


READ THE ORIGINAL POST AT www.ft.com

Merkel under growing pressure on Greece

Frustration mounts within parliament at the failure to reach a bailout deal with Athens


READ THE ORIGINAL POST AT www.ft.com

Atlanta Greek Picnic 2015 pauses party for 'Black Lives Matter' silence

Organizers of the 11th annual Atlanta Greek Picnic interrupted the festive atmosphere at Morris Brown College on the Atlanta University Center to ...


READ THE ORIGINAL POST AT atlantadailyworld.com

Why Greece Will Cave, and How

A Greek-educated political science professor at the University of Michigan says Greece will have to relent to pressure from international lenders. The post Why Greece Will Cave, and How appeared first on The National Herald.


READ THE ORIGINAL POST AT www.thenationalherald.com

In Garmisch, G7 chiefs talk Ukraine, Greece and money

In a bilateral meeting, Obama and Merkel also discussed financially ailing Greece. According to a White House spokesman quoted by news agencies, ...


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France's Sapin: No Agreement on Greece Debt Possible After End of June

PARIS—French Finance Minister Michel Sapin Sunday said an agreement on Greece debt to keep the country in the eurozone is impossible after the ...


READ THE ORIGINAL POST AT www.wsj.com

Varoufakis Asks Merkel to Share a Message of Hope With the Greek People

In an article published on his personal blog on Sunday, Greek Finance Minister Yanis Varoufakis asked German Chancellor Angela Merkel to give his country a “Speech of Hope,” similar to that given by former U.S. Secretary of State James F. Byrnes in Stuttgart in 1946. According to Varoufakis, that speech given during the German post-war period was of great importance because it signaled the end of punitive approach, giving German people the chance to imagine growth, recovery and normalcy. Greece’s Finance Minister wrote in the article: “Seven decades later, it is my country, Greece, that needs such a chance.” He also explained the main reason Greece rejected its international creditors’ demands for more austerity measures in exchange for a bailout plan: “No offer of debt relief. No plan for boosting investment.” Varoufakis underscored the great need to restore Greeks’ morale, proposing that Merkel should give a vital “Speech of Hope,” while he promised to work hard and make his poverty-stricken country competitive again. Varoufakis will meet with German Finance Minister Wolfgang Schaeuble in Berlin this week.


READ THE ORIGINAL POST AT greece.greekreporter.com

Obama and Merkel Stress the Need for Greek Reforms

U.S. President Barack Obama visited Kr√ľn, Germany, on his way to the G7 summit, where he was greeted by alpine horns and men in traditional lederhosen attire. He met with German Chancellor Angela Merkel and discussed about the recent developments regarding the Greek bailout negotiations, White House spokesman Josh Earnest told media on Sunday. Obama and Merkel shared the opinion that there is a great necessity for Greece to accelerate its reforms in order to succeed a sustainable long-term growth. According to the spokesman, Obama underlined that the Greek government and its international creditors can work together to find a solution without causing volatility in financial markets.


READ THE ORIGINAL POST AT greece.greekreporter.com

French Fin Min Says no Deal on Greek Debt Possible After June

French Finance Minister Michel Sapin Sunday said an agreement on Greece debt to keep the country in the eurozone is impossible after the end of June.


READ THE ORIGINAL POST AT www.wsj.com

Varoufakis: Greece needs 'Speech of Hope' from Angela Merkel

Greece's finance minister called on German Chancellor Angela Merkel to give his country a "Speech of Hope", to signal Europe was ready to end its demands for austerity, similar to that given to Germany at the end of ...


READ THE ORIGINAL POST AT en.enikos.gr

'Russian aggression' and threat of Greek bankruptcy cast long shadows over discussions at G7 summit

Leaders of G7 nations meet in Germany but 'Russian aggression' and threat of Greek bankruptcy cast long shadows over discussions.


READ THE ORIGINAL POST AT www.scmp.com

Germany's ruling coalition closes ranks on Greek crisis

German chancellor Angela Merkel is under growing domestic pressure to maintain a tough line in the Greek crisis, as frustration mounts at the failure ...


READ THE ORIGINAL POST AT www.ft.com

The G7's Greek and Russian Headaches

A Greek exit would pose a challenge to a beleaguered EU—other countries might feel tempted to follow its lead; meanwhile, rising euroskepticism in ...


READ THE ORIGINAL POST AT news.yahoo.com

From BMW salesmen to street children, Greeks are caught in whirlpool of economic crisis

In a country where banks are kept alive by a drip feed of funds from Europe, Greeks are emptying their accounts, and choosing to buy assets that might just retain their value - like Mercedes and BMW cars


READ THE ORIGINAL POST AT telegraph.feedsportal.com

EU official: Greece wasn't handed take-it-or-leave-it bid

ELMAU, Germany (AP) — A top European Union official said that Greece's creditors didn't deliver a take-it-or-leave-it ultimatum to end the standoff over the country's international bailout, disputing Greek Prime Minister Alexis Tsipras' description of the latest creditor proposal.


READ THE ORIGINAL POST AT hosted2.ap.org

European Leaders Voice Frustration With Greek Debt Crisis

One official, the head of the European Commission, said the Greek leader misled the country’s Parliament by not fully explaining the creditors’ proposals.


READ THE ORIGINAL POST AT rss.nytimes.com

Panos Kammenos urges Greeks to stand behind the government

Defence Minister Panos Kammenos urged all Greeks on Sunday to unite in the Greek government’s current struggle to achieve a deal, regardless of political convictions, during a visit to the town of Souli in Western Greece. Speaking at an ...


READ THE ORIGINAL POST AT en.enikos.gr

Athens awaits the comments of the institutions on its proposal

The Greek government is expecting the comments of the institutions on the proposal it has submitted to the EU to continue negotiations on a political lever, government circles said on Sunday. The sources said the proposal submitted by the institutions ...


READ THE ORIGINAL POST AT en.enikos.gr

Greece's plans have no support from its creditors

Greek Prime Minister Alexis Tsipras Greece REUTERS/Alkis KonstantinidisGreek Prime Minister Alexis Tsipras looks on during a parliamentary ...


READ THE ORIGINAL POST AT www.businessinsider.com

Why Greece Is Not Leaving The Eurozone, Despite Its Latest Defiant Move

Greece's announcement Friday that it would postpone the latest 300 million euro repayment it owes the International Monetary Fund until the end of ...


READ THE ORIGINAL POST AT www.huffingtonpost.com

Best of Atlanta Greek Picnic 2015 and Stroll Challenge

Black Greek sororities and fraternities from across the country sojourned to the ATL for the 11th annual Black Greek Picnic for a week of comraderie, ...


READ THE ORIGINAL POST AT atlantadailyworld.com

The EU's impatience with Greece burst into the open on Sunday

KRUEN, Germany (Reuters) - The European Union's exasperation with Greece burst into the open on Sunday when its chief executive rebuked leftist ...


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Obama and Merkel agree Greece must reform, White House says

The two leaders agreed Greece must reform and return to sustainable long-term growth, with Obama hopeful Athens and its partners can chart that ...


READ THE ORIGINAL POST AT www.reuters.com

As G7 Begins, Greek Bailout Tops Agenda — And Isolation Fears Grip Greece

And Greece, which revealed it had enormous debt, was blamed. Spanou, a University of Athens professor, found herself being lectured by taxi drivers ...


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One-Third Of Large Investors Foresee Grexit

One-third of large investors predict a Greek exit from the euro currency as talks between Greece’s government and international creditors over the much-needed €7.2-billion bailout package have reached a deadlock, according to a Financial Times report. In a recent poll carried out by Swiss investment group GAM last month, 34% of 78 institutional investors, including international pension funds, private banks and intermediaries, expressed their concern about Greece, saying that the country may exit the Eurozone before the end of May next year. According to the private Swiss bank Julius Baer, there is a 50% probability of a Grexit. Julius Baer chief strategist Christian Gattiker said this will happen if Greece defaults on its debt installments, prompting new general elections and a referendum regarding their Eurozone membership. As for British asset management company Schroders, there is a 40% probability of Greece leaving the Eurozone. For this reason, chief economist Keith Wade recently disclosed that senior investment staff at Schroders are meeting on a weekly basis in order to talk about this potential, making plans about the position of investments.


READ THE ORIGINAL POST AT greece.greekreporter.com

€120m in Tips From Tourists This Year in Greece

Tourists who chose Greece for their holidays this year will leave around €120 million in tips during their stay, according to Greek newspaper “Kathimerini.” The amount is determined by taking into account that 50% of international visitors will leave at least 10 euros to the employees that will serve them during their stay. This means that for every 1 million, more or less, tourists who visit the country each year, the total amount of tips in the tourist sector can be increased or decreased by 5 million euros. If gratuities left by Greeks are added, then this resource may reach even higher levels. Hotel businesses and international bodies in Greece have already urged tourists to leave their tips in their own way. For example, a large international hotel chain took part in a 2014 campaign asking its visitors to voluntarily leave a tip for the maids in an enveloppe placed inside the rooms. In addition, the “American Hotel and Lodging Association” prepared a guide with a proposed gratuity regarding various services. For example, a tip of around $1 to $2 is suggested to the driver of a free ride, $1 to $5 for a car delivery during parking, $1 to $5 for the luggage, $1 to $5 daily to the room cleaners and 15-20% of the total bill for the bartender and waitress. The visitors who leave the biggest tips during their stay in Greece are mainly Americans and Germans. According to a relevant research conducted by an international travel agency, 3 out of 5 American tourists and 1 out of 2 Germans choose to leave tips. Hellenic Federation of Hoteliers President Yiannis Retsos, commenting on the research’s data, said that it is obvious that the income of employees is increased during the good years for tourism, while in years with a drop in tourism traffic revenues fall short. According to Retsos, for every 1 million additional visitors in Greece, 50,000 more jobs in tourism are created.


READ THE ORIGINAL POST AT greece.greekreporter.com

Le Monde: European Council President Says Debate on Greece is Also Political and Moral

European Council President Donald Tusk said on Sunday that the debate on Greece is not only economic but also moral, French newspaper Le Monde reported in an article titled “Ukraine and Greece on the G7 agenda.” Speaking during a joint press conference with European Commission President Jean-Claude Juncker on the sidelines of the G7 summit in Bavaria, Germany, Tusk said that people have to stop believing that debtors have a “moral” behavior in principle and creditors are “immoral.” The debate on Greece “is not just financial. It is also political and moral,” he was quoted as saying by Le Monde. The issues of Greece and Ukraine are not officially in the G7 agenda but participating leaders are expected to discuss them on the summit’s sidelines. (source: ana-mpa)


READ THE ORIGINAL POST AT greece.greekreporter.com

Three Candidates Up for PASOK Leadership After President Steps Down

PASOK MPs Fofi Gennimata, Odysseas Konstantinopoulos and Andreas Loverdos will compete for the party’s leadership, after Evangelos Venizelos, who chaired the party since 2012, announced in a party congress late on Saturday he is stepping down. Following a lengthy speech, Venizelos said he will continue to be active in the party and Greek politics. PASOK members will now have to select one of the three contenders in a nationwide party vote next Sunday, June 14. After securing the backing of a minimum of 10% of the delegates, the three candidates took to the podium to present their views on the party’s future. PASOK was the junior coalition partner in the previous New Democracy-led government of Antonis Samaras, who lost the January 25 elections. (source: ana-mpa)


READ THE ORIGINAL POST AT greece.greekreporter.com

Roma Risk their Lives to Remove Scrap Metal from Burning Greek Warehouse

Groups of Roma are plundering a warehouse of recyclable materials in Aspropyrgos, Greece, where a major fire broke out on Saturday afternoon, jeopardizing their lives. Firefighters managed to control the blaze on Sunday, which started for unknown reasons in a private scrap metal warehouse. Local Roma groups, who collect scrap and resell it, are entering the charred building, risking respiratory problems and burns, as temperatures remain high. The problem became so serious that local authorities have asked police for assistance in order to keep them away from the building until the fire is put out. According to Greek police, the company running the warehouse is in the process of foreclosure and has stopped its operations since last April, while the owner has not been located. (source: ana-mpa)


READ THE ORIGINAL POST AT greece.greekreporter.com

European Officials Vent Over Greece, Vow to Maintain Sanctions on Russia

European officials vented frustration with Athens on Sunday and promised to maintain sanctions on Russia at the outset of the annual summit of G-7 leaders.


READ THE ORIGINAL POST AT www.wsj.com

Varoufakis: Greece needs 'Speech of Hope' from Angela Merkel

Greece's finance minister called on German Chancellor Angela Merkel to give his country a "Speech of Hope", to signal Europe was ready to end its demands for austerity, similar to that given to Germany at the end of ...


READ THE ORIGINAL POST AT en.enikos.gr

The Greek diet: Shed years off your look by eating fresh fruit, olives and feta

Tonia, who lives in Finchley, North London with her architect husband Paul and their four children, says her interest in Greek eating stems from her ...


READ THE ORIGINAL POST AT www.express.co.uk

Greek bid for debt relief faces euro zone scepticism

The Greek government spelt out ideas on how to restructure the debt, which is at 175 percent of gross domestic product, in two documents submitted ...


READ THE ORIGINAL POST AT www.reuters.com

Die Welt: The Greek Issue Ruins Merkel's Summit Agenda

merkel The Greek issue is ruining German Chancellor Angela Merkel's agenda at the G7 meeting in the Bavarian Alps, German newspaper Die Welt ...


READ THE ORIGINAL POST AT greece.greekreporter.com

Panos Kammenos urges Greeks to stand behind the government

Defence Minister Panos Kammenos urged all Greeks on Sunday to unite in the Greek government’s current struggle to achieve a deal, regardless of political convictions, during a visit to the town of Souli in Western Greece. Speaking at an ...


READ THE ORIGINAL POST AT en.enikos.gr

Obama At G-7: West Must Stand Up To 'Russian Aggression'

Source: www.npr.org - Sunday, June 07, 2015 The president arrived in Bavaria for the summit, where Western leaders are due to discuss the situation in Ukraine and how to prevent Greece from defaulting on its sovereign debt. » E-Mail ThisAll Related | More on Ukraine


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Head of European Commission Criticizes Greek Leader

Speaking before the start of the Group of 7 summit meeting at a castle in the Bavarian Alps, Mr. Juncker said testily that he was still waiting for Greek ...


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Greece determined to reject EU plan

Greece is determined to reject the EU's latest proposals on a default-saving loan deal, say two senior ministers, ahead of a crucial week for the ...


READ THE ORIGINAL POST AT www.heraldsun.com.au

G7 summit to be dominated by tensions over Greece

Tensions between Greece and its creditors are set to dominate the G7 summit in Germany, amid fears the debt-wracked country could crash out of the ...


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Juncker warns Greece on bailout rejection

Commission president says he does not want to renew talks until Greece presents counterproposal


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Jean-Claude Juncker angrily accuses Alexis Tsipras of lying over bailout talks

On fringes of G7 summit, European Commission president says Greek PM failed to deliver promised proposals and lied to his own parliament about negotiations European Commission president Jean-Claude Juncker has delivered a blistering attack on the Greek prime minister Alexis Tsipras, accusing him of undermining negotiations over new terms for a bailout and of effectively lying to the Greek parliament.A visibly angry Juncker, speaking on the fringes of the G7 summit in Bavaria, said he had told Tsipras during a meeting on Wednesday evening that there was “room to negotiate” but insisted that the Greeks had been unwilling to take part in in-depth discussions. Instead, Tsipras had promised to send him his proposals the following day, but he was still waiting for them on Sunday. Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com