How the world sees Greece
Greece's island of Lesbos, a popular holiday destination for Europeans and Greeks alike, has found itself at the center of a migration crisis. The post Immigrant Flood Raises Tourist Fears appeared first on The National Herald.
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With major differences remaining between Greece and its creditors, Eurozone finance ministers cut short a meeting on Greece's proposals to avoid a default and planned to meet again June 25. The post No Deal For Greece Yet, Eurozone Cuts Off Talks appeared first on The National Herald.
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The never-ending story of whether Greece will get a new debt deal has gone on so long even the media is tired of it now. The post World Press View: Bored to Death, Greece Debt Talks appeared first on The National Herald.
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Treasuries’ 10-year notes are trading in the narrowest range this month as traders grow weary from seemingly nonstop negotiations between Greece and its creditors.
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
Some 20 hectares of farmland in Evros, northeastern Greece, has been flooded due to heavy rain in the area.
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
Four Turkish F-16s entered Greek air space over the Aegean without permission on Wednesday, according to Greek military officials.
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
Energy Minister Panayiotis Lafazanis has instructed the Greek Institute of Geology and Mineral Exploration (IGME) to carry out a series of tests at the recycling center in Aspropyrgos, west of Athens, which was recently destroyed by a fire.
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
The Financial Crimes Squad (SDOE) said on Wednesday that it seized 975,000 empty cigarette packs in Thessaloniki.
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
Coalition partner Independent Greeks distanced itself on Wednesday from one of its own MPs, Dimitris Kammenos (no relation to party leader and Defense Minister Panos Kammenos), who posted on his Facebook page a doctored photograph of the entrance to the Auschwitz concentration camp.
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
Greece’s proposal to its creditors includes the maintenance of state revenues from property taxation at 2.65 billion euros per year both for 2015 and 2016 – i.e. the same target that was introduced and collected by the previous government in 2014.
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
Greek Foreign Minister Nikos Kotzias and his counterpart in the Former Yugoslav Republic of Macedonia (FYROM), Nikola Poposki, on Wednesday agreed on a list of 11 confidence-building measures (CBMs) aimed at boosting bilateral ties at critical moments for both countries.
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
In spite of the initial negative reaction to Prime Minister Alexis Tsipras’s strong words about the creditors, the losses of the Greek stock market benchmark were contained to less than 2 percent on Wednesday in a sign that optimism and relief remained at the back of investors’ minds.
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
More than 630,000 people who applied for meal vouchers, free electricity or subsidized rent will be able to find out from Friday if they have qualified for assistance under the government’s program to tackle the “humanitarian crisis.”
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Standard and Poor’s warned on Wednesday it might downgrade the credit ratings of Bulgaria, the Former Yugoslav Republic of Macedonia, Albania, Romania and Serbia if the troubles of Greece spill over into their banking systems.
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Prime Minister Alexis Tsipras was due to be locked in talks on Wednesday night with key European officials after Greece’s lenders submitted new proposals for measures to unlock 7.2 billion euros in bailout funds that Athens dismissed as being unacceptable.
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
The Eurogroup meeting of eurozone finance ministers is now underway, media report. The ministers have convened more htan an hour later than originally planned. With no breakthrough in the meeting between Greece's Alexis Tsipras and the creditors, it is unknown if the ...
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| READ THE ORIGINAL POST AT en.enikos.gr |
There is one big question that hangs over the last-ditch negotiations this week between the Greek government and its lenders, even if no one involved would frame it quite this way: Is Greece more like RadioShack, or more like Lehman ...
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BRUSSELS (Reuters) - Greece and EU finance ministers hit a new impasse on Wednesday as creditors accused Athens of failing to compromise despite a looming default next week that risks bouncing it out of the euro. With European Union leaders due in Brussels ...
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| READ THE ORIGINAL POST AT news.yahoo.com |
The Eurogroup meeting has finished after less than two hours of discussions on Wednesday night (June 24). Arriving at the meeting, the German Finance minister Wolfgang Schäuble already explained he was “not optimistic for an agreement”. The finance ministers should meet again on Thursday. Before that, Commission President Jean-Claude Juncker will meet Greek Prime Minister […]
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“We have seen a definite increase recently, especially of Greek patients,” says Mr Yfantis. “The unemployed, the poor – it is a social problem that has ...
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| READ THE ORIGINAL POST AT www.ft.com |
Prime minister’s proposals to creditors prove so divisive among MPs that even if deal is accepted by lenders he faces a battle to gain his parliament’s approval The internal faultlines in Greece’s governing Syriza party grew wider on Wednesday as its members digested the sheer scale of concessions being demanded to avert a national bankruptcy and remain in the eurozone. With the battle lines now firmly drawn between Athens and its creditors, senior Syriza figures took rhetorical potshots at the tactics employed by the debt-stricken country’s lenders as prime minister Alexis Tsipras attended back-to-back talks in Brussels. Related: Alexis Tsipras's homework has been thrown back in his face Membership Event: Guardian Newsroom: Can Greece be saved? Continue reading...
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As the 11th hour of bailout talks approaches, will Greece and its creditors agree on a bailout deal? The Eurogroup is expected to reconvene on Thursday after finance ministers suspended talks after just one hour.
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| READ THE ORIGINAL POST AT www.dw.com |
Negotiations in Brussels between Athens and its creditors break down again as optimism over new Syriza proposals evaporateGruelling negotiations between Greece and its creditors broke up without agreement on Wednesday evening as lenders warned the country that it must accept more austerity if it is to avoid defaulting on its debts.A third meeting of eurozone finance ministers in less than a week was called to a halt amid fresh deadlock over an agreement on greater spending cuts in Athens in exchange for rescue funds. Membership Event: Guardian Newsroom: Can Greece be saved? Related: Alexis Tsipras's homework has been thrown back in his face Continue reading...
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Angry negotiations in Brussels as Greece’s latest proposals are heavily amended by its creditors Continue reading...
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Four horsemen are stalking Europe: the Greek financial crisis; illegal migration in the Mediterranean; Russian aggression; and Britain's reform-or-Brexit threat. Any of these could dominate the EU summit agenda: each could alter the fundamental character of the Union.
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| READ THE ORIGINAL POST AT www.independent.co.uk |
After 6 hours the meeting between Greek PM Alexis Tsipras with EC’s Juncker, ECB’s Draghi and IMF’s Lagarde concluded without a positive result, without a deal. Apparently the differences between Greece and its creditors remain. Immediately after, the Eurogroup started and thus despite the fact due to lack of Tsipras-creditors […]
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| READ THE ORIGINAL POST AT www.keeptalkinggreece.com |
Another euro area summit failed to seal a deal for Greece. Finance Ministers are gathered in Brussels for the third time in a week, although they have no formal paper to discuss as Greece and creditors have reportedly rejected each other’s proposals. The Eurozone Finance Ministers are due to reconvene at 1 pm on Thursday. Greek Prime Minister Alexis Tsipras is set to meet with European Commission President Jean-Claude Juncker, European Central Bank (ECB) President Mario Draghi, International Monetary Fund (IMF) Managing Director Christine Lagarde and Eurogroup President Jeroen Dijsselbloem. Meanwhile, rumors suggest another emergency euro summit might be needed on Friday.
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Another euro area summit failed to seal a deal for Greece. Finance Ministers are gathered in Brussels for the third time in a week, although they have no formal paper to discuss as Greece and creditors have reportedly rejected each other’s proposals. The Eurozone Finance Ministers are due to reconvene at 1 pm on Thursday. Greek Prime Minister Alexis Tsipras is set to meet with European Commission President Jean-Claude Juncker, European Central Bank (ECB) President Mario Draghi, International Monetary Fund (IMF) Managing Director Christine Lagarde and Eurogroup President Jeroen Dijsselbloem. Meanwhile, rumors suggest another emergency euro summit might be needed on Friday.
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Chinese Premier Li Keqiang expressed hope on Wednesday for a successful outcome in negotiations between the Greek government and creditors, so that the country remains in the Eurozone. The Chinese Premier also expressed support for the process of European integration, saying he wants to see a united, prosperous Europe with a strong euro. “Greece’s current debt problems are going through a crucial period and China hopes that Greece will remain in the Eurozone, especially appreciates the efforts of all interested parties and hopes for the success of the negotiations. China supports Europe and the growth of EU-Chinese relations,” Li Keqiang said, according to an announcement. (source: ana-mpa)
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Greece has agreed to meet the budget targets creditors set out, according to Valdis Dombrovskis, European Commission vice president for euro policy ...
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| READ THE ORIGINAL POST AT www.bloomberg.com |
Eurozone Finance Ministers arrived for a Eurogroup meeting on Greece but exited shortly after since talks between Greek Prime Minister Alexis Tsipras and the institutions ended without a conclusive result. Diplomatic sources said the talks will be repeated on Thursday. Tsipras made no statements to the press as he left the meeting with European Commission President Jean-Claude Juncker, European Central Bank (ECB) President Mario Draghi and International Monetary Fund (IMF) Managing Director Christine Lagarde. According to Belgian Finance Minister Johan Van Overtveldt, in a doorstep statement arriving for the Eurogroup, everyone was waiting for the institutions’ report to begin the discussion. “First we must see what the institutions bring to the table. They have been negotiating very hard for the last 48 hours…” he said. “We need to reach a good deal for the Greek economy….that is important for every Greek citizen. We also need a deal that is good for the monetary union,” Overtveldt told reporters. Asked if it is time to present Greece with a “take it or leave it” ultimatum, he replied that he doesn’t like “these kind of deadlines.” He noted that it is important for the IMF to continue to be part of the Greek program, adding that it is wrong to say that the program for Greece has failed since no government has fully implemented it. (source: ana-mpa)
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
The government’s bill on Greek citizenship and naturalization of second-generation migrants looks set to be passed in principle by Greece’s Parliamentary plenum on Wednesday, though without the backing of junior coalition partner Independent Greeks (ANEL). The bill is supported by opposition parties “To Potami” and PASOK, opposed by New Democracy, Golden Dawn and ANEL, while the Greek Communist Party (KKE) will abstain by voting ‘present.’ New Democracy asked for a roll-call vote on articles 1 and 10, while PASOK Secretary Leonidas Grigorakos raised an issue of whether the government had lost its majority, since ANEL did not back the bill. Parliament Vice President Nikitas Kaklamanis clarified that an issue of majority loss does not arise during the vote of a bill in principle, unless the government raises a confidence issue. The vote in principle is expected to take place later on Wednesday evening, while a decision will be announced on Thursday regarding the dates of the debate before the plenum on individual articles. (source: ana-mpa)
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
The institutions’ latest proposals are “absurd” and exceed the limits of Greek society’s endurance, the SYRIZA Political Secretariat concluded on Wednesday after a sweeping discussion on the proposals and the next moves for the Greek government and the party. Sources at the meeting reported harsh criticism on the creditors’ demands, as well as the government’s handling, after SYRIZA Secretary Tasos Koronakis and State Minister Alekos Flambouraris addressed the meeting. Speakers said that an agreement will be extremely painful for the Greek society and hard to support, since it contradicts the party’s positions, and several referred to resort to snap elections. They stressed that any agreement must make a clear reference to debt restructuring, otherwise it will be very hard to accept it. If Greek Prime Minister Alexis Tsipras is able to come away with a creditors’ commitment concerning the country’s debt, many might have a change of heart when it comes to a vote, since it was considered a key issue for dealing with the crisis, party sources added. Other party members emphasized that any agreement must be sustainable and able to resolve problems, not create new obstacles and problems down the line. The meeting decided to convene SYRIZA’s Central Committee on Friday and the party’s Parliamentary group the following day to state their opinions on the agreement, if a proposed agreement is reached. Addressing the meeting earlier, Koronakis said that any proposed agreement must be evaluated by the party as a whole, based on SYRIZA’s mandate from the Greek voters, while Flambouraris said the government’s goal is a “decent” one. (source: ana-mpa)
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Greece, arguably the most notorious of the P.I.I.G.S. (i.e., Portugal, Italy, Ireland, Greece and Spain) countries, has been confronting a mountain of debt ...
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| READ THE ORIGINAL POST AT online.barrons.com |
For the third time this year, Turkish F-16 aircraft flew over the small Greek islet of Anthropofagoi in the Fournoi archipelago. According to the Greek Defense Ministry announcement, four Turkish Air Force F-16s entered Athens’ FIR at 2:41 pm at the north of the island without filing a flight plan and at 3:06 pm they flew over Anthropofagoi islet at a height of 3,200 feet. The Turkish formation exited Greece’s airspace at 3:09 pm flying south of Samos. “All aircraft were intercepted and identified, according to international rules,” the statement concluded. On March 23, six Turkish aircraft flew over Anthropofagoi islet, while on February 26, six more Turkish aircraft flew over Makronisi and Agathonisi.
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Expectations were low among eurozone finance ministers gathering in Brussels that a deal to get more bailout loans for Greece could be reached at a meeting tonight. Major differences remain between Greece and its creditors, even though the country faces a ...
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| READ THE ORIGINAL POST AT www.irishexaminer.com |
“Private enterprise and especially manufacturing in Greece is going down the toilet,” says furniture maker Constantinos Exarhos
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| READ THE ORIGINAL POST AT www.politico.eu |
German finance minister says ‘Nein’ to Greece with an eye on legacy.
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| READ THE ORIGINAL POST AT www.politico.eu |
MARKETS breathed a sigh of relief on Monday when European leaders were broadly positive about the latest set of proposals from the Greek ...
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| READ THE ORIGINAL POST AT www.economist.com |
… to afternoon trading)* Optimism for Greek deal fades, analyst says * Apple … the outcome of negotiations between Greece and its international creditors remained … in New York. "If Greece defaults, the economic impact on …
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| READ THE ORIGINAL POST AT world.einnews.com |
… outcome of the negotiations between Greece and its international creditors remained … . Creditors demanded sweeping changes to Greek Prime Minister Alexis Tsipras… p.m. ET (1700 GMT). Greece needs fresh funds to avoid …
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The Queen has warned about the dangers of division in Europe, as leaders grapple with the Greece crisis and the UK Prime Minister seeks reforms before a referendum. At a state banquet at the Bellevue Palace, the home of Germany's President Joachim Gauck, Her Majesty used her only speech of the state visit to talk about her thoughts on a united Europe. "We know that division in Europe is dangerous and that we must guard against it in the West as well as in the East of our continent.
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Search and rescue operation held east of Malta
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Negotiations between Greece and its creditors have continued this week as the June 30 deadline for the nation to pay the International Monetary Fund ...
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| READ THE ORIGINAL POST AT www.huffingtonpost.com |
Greece will never be able to pay all its owes and the sooner its principal creditors—the European Union, European Central Bank and International ...
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BRUSSELS (AP) — Eurozone meeting on Greek bailout ends without deal, to be resumed Thursday.
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As thousands of Greeks stage massive rallies over the debt crisis, some take to the streets expressing themselves through vibrant contemporary street art - both politically aware and socially engaged.Read Full Article at RT.com
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GREECE has rejected harsh “counter proposals” from creditors that were issued in response to Athens’ latest budgetary plan.
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| READ THE ORIGINAL POST AT www.news.com.au |
Greece said on Wednesday that talks would continue with international creditors on forging a cash-for-reforms deal, but new proposals by the lenders could not be accepted. Negotiations are continuing at all levels." Negotiations between Athens and lenders would continue after a meeting of euro zone finance ministers and Greek Prime Minister Alexis Tsipras is likely to participate, a Greek government official said.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
As the 11th hour of bailout talks approaches, will Greece and its creditors agree on a bailout deal? Germany's finance minister isn't optimistic after Greek Prime Minister Tsipras lashed out at "certain" creditors.
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| READ THE ORIGINAL POST AT www.dw.com |