The European Central Bank decided today to leave its emergency credit lifeline for Greece unchanged, said a source close to the decision who asked not to be identified.
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| READ THE ORIGINAL POST AT www.ndtv.com |
How the world sees Greece
Wednesday, July 29, 2015
European Central Bank Leaves Emergency Liquidity for Greece Unchanged
Cockpit checklist blamed for Nato training air disaster in Spain which killed 11
Two Greek pilots and nine French personnel were killed after the crash in January
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| READ THE ORIGINAL POST AT telegraph.feedsportal.com |
World Press View: Reforms What Matter With Greece
While most of the talk about Greece's failed economy has been whether austerity has helped or hurt, critical reforms haven't been implemented. The post World Press View: Reforms What Matter With Greece appeared first on The National Herald.
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
Tsipras Says SYRIZA Rebels Could Force Early Election
Greece's Prime Minister sought to contain a deepening rift in his radical left SYRIZA July 29, warning rebels that he would have to call early elections if they keep opposing key reforms demanded for a new international bailout. The post Tsipras Says SYRIZA Rebels Could Force Early Election appeared first on The National Herald.
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
Former Greek Finance Minister Faces Treason Charges
The Greek Supreme Court handed down two suits filed against Varoufakis by the public to the Greek Parliament on Tuesday, which will now decide ...
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| READ THE ORIGINAL POST AT europe.newsweek.com |
Who Would Want to Immigrate to Greece Right Now?
ATHENS, Greece—Images of disgruntled Greek pensioners waiting to get cash from ATMs have become a miniature genre of photojournalism in ...
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| READ THE ORIGINAL POST AT www.slate.com |
Greece targets tax evasion at holiday hotspots
From five-star hotels to humble tavernas, Greek tax inspectors are fixing their attention on tax evasion at summer holiday hotspots. The government served notice on Wednesday that Prime Minister Alexis Tsipras's promised crackdown on tax evasion is now under way, a week after...
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| READ THE ORIGINAL POST AT article.wn.com |
FT: Greece will be rewarded if it implements harsh program
Tsipras-EU relations worse than Montagues-Capulets
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| READ THE ORIGINAL POST AT en.protothema.gr |
IMF negotiator prepares to join Greek talks as deadline looms
Protesters outside Greek parliament. The Syriza-led ruling coalition represents 161 of 300 seats in the Athens parliament. Photograph: Bj rn ...
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| READ THE ORIGINAL POST AT www.theguardian.com |
Aid Group Reports of Dire Conditions Facing Refugees in Greek Camp
Refugees in Greek camp Day reports seeing just five semi-functioning toilets for 2,000 people, and only a few water taps at Kara Tepe . The camp is ...
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| READ THE ORIGINAL POST AT europe.newsweek.com |
Trust, national recovery and reform in Greece
So much bad blood has accumulated between Greece's international creditors and the nation's ruling Syriza party that the two camps make the ...
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| READ THE ORIGINAL POST AT www.ft.com |
ECB leaves emergency liquidity for Greece unchanged
Frankfurt (AFP) - The European Central Bank decided Wednesday to leave its emergency credit lifeline for Greece unchanged, said a source close to ...
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| READ THE ORIGINAL POST AT www.businessinsider.com |
Concert in Honor of Mikis Theodorakis 90th Birthday
A concert in honor of Greek composer Mikis Theodorakis will take place on Wednesday on the occasion of his 90th birthday. The popular orchestra “Mikis Theodorakis” will participate: piano Yiannis Belonis, bouzouki Thanassis Vassilas and Yiannis Matsoukas, guitar Vangelis Kontaratos, cello Marilisa Papadouri, accordion Lefteris Grivas, bass Stavros Kavalieratos, drums Nikos Skomopoulos, percussion Stefanos Theodorakis-Papangelidis.
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Greek PM threatens snap vote over party rebels' opposition to bailout
Greek Prime Minister Alexis Tsipras on Wednesday warned he would resort to early elections if hardliners in his party continued to resist an unpopular new bailout deal that promised debt relief.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
Reopening of Athens Stock Exchange Postponed
According to Greek newspaper “Kathimerini,” sources claimed that the reopening of the Athens Stock Exchange (ASE) is being postponed because banks have been unable to create new accounts for Greek stockholders. The stock exchange was expected to open on Thursday after being shut down since June 29. However, per the new rules, “old” money is unavailable to Greeks, who will have
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Greek Parliamentary Budget Office Releases Gloomy Forecast for Greece’s Economy
The Greek Parliamentary Budget Office found that the Greece’s economy will face a tough few months ahead. In its quarterly report for the April and June 2015 period, the Office noted that the capital controls in effect since June 28 will not be lifted any time soon and the costs to the Greek economy will be significant. Among the
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
SYRIZA Left Platform Ready to Clash with Greek PM Tsipras
The opposing statements made on Greek radio by Prime Minister Alexis Tsipras and his “opponent,” Left Platform leader Panagiotis Lafazanis, show that the Thursday meeting of SYRIZA’s Central Committee might end into a showdown within the ruling party. After the interview Tsipras gave to “Sto Kokkino” radio station on Wednesday morning, Lafazanis was invited by
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Father and Son Found Murdered in Northern Greece
Two men, a 72-year-old pharmacist and his 27-year-old son, were found dead in their home in Serres, northern Greece. Their bodies were found by the elder man’s daughter around 10:00 pm on July 28. Greek police and EMTs were immediately called to the scene but unfortunately the two men had already passed away. Their bodies
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Der Spiegel: Greek Money Is Moving to Bulgaria
Greek depositors and businesses are relocating their money and their business headquarters to Bulgaria, according to German weekly magazine Der Spiegel. The magazine reported that 14,000 euros are leaving Greece for Bulgarian banks each week since capital controls were fist imposed in Greek banks on June 28. On July 20, the Commerce Union had claimed that 60,000 Greek businesses had
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Creditors’ Represenatives in Athens Continue Talks But Timely Deal Uncertain
The creditors’ representatives took over negotiations from technical teams in Athens but it is uncertain whether Greece will secure a bailout agreement by August 20. With SYRIZA struggling for unity as almost one third of MPs are against the proposed bailout deal, Prime Minister Alexis Tsipras is pulling hair to keep the party dissidents in line while
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Can Cheese Unite Greek and Turkish Cypriots After 41 Years?
The European Union has solved a long dispute over a special cheese from Cyprus by deciding to recognize it by both its Greek and Turkish name. The famous halloumi cheese — or hellim for Turkish-Cypriots — is now officially a protected designation of origin (PDO) product with two names, courtesy of the EU. The step is being
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Varoufakis on new Greek bailout: 'biggest attack on democracy since WW II'
#politics #media
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| READ THE ORIGINAL POST AT en.enikos.gr |
In defence of Yanis Varoufakis
It is now fashionable to disparage the former Greek finance minister. For some he showed too little politesse, but the essence of his agenda remains largely correctFrom blaming him for the renewed collapse of the Greek economy to accusing him of illegally plotting Greece’s exit from the eurozone, it has become fashionable to disparage Yanis Varoufakis, the country’s former finance minister. While I have never met or spoken to him, I believe that he is getting a bad rap (and increasingly so). In the process, attention is being diverted away from the issues that are central to Greece’s ability to recover and prosper – whether it stays in the eurozone or decides to leave.That is why it is important to take note of the ideas that Varoufakis continues to espouse. Greeks and others may fault him for pursuing his agenda with too little politesse while in office. But the essence of that agenda was – and remains – largely correct. Related: Greek debt crisis demonstrates perils of lending to your euro friends Related: Brussels rejects Yanis Varoufakis' claims that troika controlled Greek tax system Related: Yanis Varoufakis is being pilloried for doing what had to be done | Philippe Legrain Continue reading...
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| READ THE ORIGINAL POST AT www.theguardian.com |
Last Night’s Leftovers: Fish Market Fight Edition
Source: www.washingtoncitypaper.com - Wednesday, July 29, 2015 Maine Avenue Fish Market tenants say D.C., waterfront developer are trying to destroy their businesses. [ Housing Complex ] Eight summer restaurant specials to try now [ Washingtonian ] New restaurants serving sushi in D.C. [ Eater ] Whim Pop brings ice pops to Old Town Alexandria. [ Post ] Art-themed restaurant for the "millennial crowd" to open in Shirlington in December. [ ARLnow ] Greek bakery company and celebrity chef team up for new D.C. venture. [ WBJ ] Where to try tomato pie around D.C. [ Express ] Photo by Tim CarmanAll Related
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| READ THE ORIGINAL POST AT www.washingtoncitypaper.com |
Tsipras threatens snap election if hard-liners refuse to back reforms
Greek Prime Minister Alexis Tsipras on Wednesday said he would hold early elections if hard-liners in his party continued to resist an unpopular new bailout deal that promised debt relief.
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| READ THE ORIGINAL POST AT www.globaltimes.cn |
Greek PM: We will get debt relief in November
Negotiations over a third Greek bailout are continuing as European markets rally following a recovery in China Latest: Tsipras defends bailout deal in radio interview Bavarian PM on Grexit chaos Moscovici: Le Grexit est derrière nous Markets rally ahead ...
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| READ THE ORIGINAL POST AT www.theguardian.com |
'Iron lady' set to play central role in next act of Greek bailout drama
Romanian economist Delia Velculescu, who forged a steely reputation as lead IMF negotiator in Cyprus deal, heads for Athens to engineer new agreementDelia Velculescu, the Romanian economist chosen to lead the International Monetary Fund’s negotiating team in Greece, was dubbed the “iron lady” during the fraught talks over Cyprus’s bailout. Given the poor relationship between Athens and its creditors, her toughness will be tested anew in the coming days.Velculescu arrives in Athens on Thursday amid uncertainty over the IMF’s willingness to throw its weight behind a third bailout for the stricken eurozone state. Alexis Tsipras, the Greek prime minister, hopes to negotiate a deal before 20 August but the IMF will subject any agreement to rigorous examination. Continue reading...
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| READ THE ORIGINAL POST AT www.theguardian.com |
Greece's Tsipras: party rebels could force early election
ATHENS, Greece (AP) — Greece's prime minister sought to contain a deepening rift in his radical left Syriza party Wednesday, warning rebels that he would have to call early elections if they keep opposing key reforms demanded for a new international bailout.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
Greek PM says may have to call early election
Greek Prime Minister Alexis Tsipras said on Wednesday he may have to call an early election to bolster a parliamentary majority that has been strained by bailout reforms demanded by creditors. About three dozen of his 149 lawmakers have refused to back reforms agreed by Tsipras at a European summit on July 13, forcing him to rely on opposition support to push through the legislation in exchange for a third bailout. "I would be the last person to want elections, if I had the secured parliamentary majority to make it through to the end of the four-year term," he said in an interview with Sto Kokkino radio station.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
AP PHOTOS: Greece's odyssey through its latest crisis
ATHENS, Greece (AP) — It began with a Greek outburst of national defiance against years of budget cuts and quickly turned into a financial nightmare for the country's people.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
AP PHOTOS: Greece's odyssey through its latest crisis
ATHENS, Greece (AP) — It began with a Greek outburst of national defiance against years of budget cuts and quickly turned into a financial nightmare for the country's people.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
Greek PM says will not implement measures beyond those set at summit
Greek Prime Minister Alexis Tsipras said on Wednesday that his government would not implement reform measures beyond what was agreed with lenders at a euro zone summit earlier this month. "I know well the framework of the deal we signed at the euro zone summit on July 12," Tsipras told Sto Kokkino radio. Nothing beyond that." Tsipras also said the country would report a primary budget balance that breaks even or registers a deficit this year, depending on the financial situation.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
How Germany Prevailed in the Greek Bailout
BERLIN — At the height of crucial negotiations over the latest bailout of Greece this month, Germany circulated a proposal that undercut decades of promises about the march toward deeper European unity: Greece, it said, could be offered a temporary exit ...
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| READ THE ORIGINAL POST AT www.nytimes.com |
Will Greece’s Left Unite to Fight Austerity?
The post Will Greece’s Left Unite to Fight Austerity? appeared first on The National Herald.
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
Out of prejudice or fear, Germans steer clear of Greece
Greece's tourism sector is working to correct the damage done to the country's image during coverage of debt negotiations. At the same time, Germans ...
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| READ THE ORIGINAL POST AT www.dw.com |
Hay for cheese? Barter booms in rural Greece
… , Greece Wild boar and power cuts were Greek cotton farmer … growing barter economy that some Greeks deplore as a step … vigor, reviving traditions from ancient Greece, amid a searing economic … s oldest trading nations, the Greeks along with the Phoenicians …
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| READ THE ORIGINAL POST AT world.einnews.com |
Pressed by left, Greece's Tsipras vows 'thus far and no further'
ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras, struggling to contain a revolt in his left-wing Syriza party, said on Wednesday that his government would not implement reform measures beyond those agreed with lenders at a euro zone summit this month.
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| READ THE ORIGINAL POST AT feeds.reuters.com |
Greek stock market unlikely to reopen this week due to IT glitch
ATHENS: Greece's stock market will not reopen on Thursday and may not open on Friday either due to technical issues at local banks, ...
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| READ THE ORIGINAL POST AT economictimes.indiatimes.com |
Yanis Varoufakis may face criminal charges over Greek currency plan
The scene has been set for possible criminal charges to be brought against the former Greek finance minister, Yanis Varoufakis, following revelations ...
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| READ THE ORIGINAL POST AT www.theguardian.com |
Greek Crisis Pinches Importers in US
Ted Diamantis, an importer of Greek wines who is based in Chicago, has been helping his suppliers stock up on bottles, labels and printing ink.
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| READ THE ORIGINAL POST AT www.nytimes.com |
Athens Stock Market to open August 3
Greek investor trading limited
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| READ THE ORIGINAL POST AT en.protothema.gr |
Greek PM warns rebels of snap poll
Greek Prime Minister Alexis Tsipras says he will have to call snap elections if members of his Syriza party continue to oppose a bailout deal.
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| READ THE ORIGINAL POST AT www.bbc.co.uk |
Greece's Tsipras Faces Battle to Avoid Syriza Split
Greece’s ruling Syriza party is sliding toward a split as hard-left dissidents resist Greek Premier Alexis Tsipras’s acquiescence to creditors’ demands, endangering his fragile government.
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| READ THE ORIGINAL POST AT www.wsj.com |
Greece news live: Lagarde urges for 'inevitable' Greek debt relief
Fiscal policies, structural reforms, financing & debt restructuring are four key legs for a Greek solution - Lagarde pic.twitter.com/eVYeShcwLn.
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| READ THE ORIGINAL POST AT www.telegraph.co.uk |
With Grexit narrowly avoided, some banks say buy Greek bonds
RBS recommends buying five-year Greek bonds in the expectation that the European Central Bank will buy up Greek bonds under its quantitative ...
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| READ THE ORIGINAL POST AT www.reuters.com |
Greece is having trouble agreeing to the bailout it agreed to (GREK)
So, Greece might not be fixed. According to Greek newspaper Kathimerini, Greece's Syriza party — the party of Greek prime minister of Alexis Tsipras and the leader of Greece's current government — has called an emergency meeting to wrangle the party's left-wing constituents who don't want to agree to another bailout. In the dawn hours of July 13, Greece agreed to a deal with its European creditors after several tense weeks that saw Greek voters reject a bailout in a referendum vote, Greece's finance minister resign, and Tsipras eventually take a worse deal than what he left on the table... and that Greek voters rejected. That deal was seen as a failure, but it ultimately set the country on a path to unlocking its economy, which was frozen in the weeks following the June 27 announcement of a referendum on a new bailout, and it allowed Greece to get emergency funding to pay back the IMF and the ECB. But the problem now is that the agreement Tsipras struck with Greece's creditors wasn't in itself a new bailout, but merely an agreement that laid the groundwork for negotiations on a new bailout. And now Syriza — and by extension the Greek government — can't get its house in order. A report from Reuters on Wednesday said that Tsipras has vowed he will go no further on reforms that what he agreed to with Greece's creditors earlier this month. But according to EU sources cited by Reuters, Tsipras is facing pressure to go beyond what was agreed to, including taking further steps to limit early retirement and tax breaks for farmers. Bloomberg also noted that Tsipras has threatened his part with snap elections if they cannot get a deal done. And as Reuters also noted, former Greek finance minister Yanis Varoufakis isn't helping Tsipras' efforts to gain support at home, as Varoufakis has been speaking widely and freely about bailout negotiations and Greece's contingency plans were it to fall out of the euro. Markets reacted to Greece's July 13 deal with relief. It appeared that Greece had, for the third time in 5 years, been "fixed." But that deal was tentative and seems only more so now.SEE ALSO: The real reason everyone was worried about Greece is gone Join the conversation about this story »
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Former Greek Finance Minister Yanis Varoufakis Sparks Mistrust As Greek Bailout Negotiations ...
Greek Finance Minister Yanis Varoufakis attends a Eurozone finance ministers emergency meeting on the situation in Greece, in Brussels,Belgium, ...
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| READ THE ORIGINAL POST AT www.ibtimes.com |
IMF's Lagarde: Creditors Increasingly See Greek Debt Restructuring as Inevitable
“What will be critical, in my view, is what the Greek authorities actually are prepared to do, not the words around it, not the political noise around it...but ...
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| READ THE ORIGINAL POST AT www.wsj.com |
Bang! FTSE 100 adds 1.1%
The FTSE 100 just closed up 1.16%, or 75.72 points at 6631, in London. The big winner was once again Hikma Pharmaceuticals, still climbing after Tuesday's $2.65 billion (£1.7 billion) deal for US drug maker Roxane. Hikma closed up 3.62%. At the other end of the table catering group Compass tanked 5.16% after it warned that profits would be hit by declining demand from the oil and mining industries.Join the conversation about this story » NOW WATCH: 6 mind-blowing facts about Greece's economy
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| READ THE ORIGINAL POST AT uk.businessinsider.com |
Opening Report: Helen Greek Food and Wine
Helen is well on its way to becoming a must-visit in Rice Village. The Greek taverna's opening day saw brisk lunch and dinner business, and sightings ...
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| READ THE ORIGINAL POST AT houston.eater.com |