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Friday, August 7, 2015

Bank Curbs Paralyze Greek Firms

Capital controls have cut the amount of business done by small-and-medium-sized firms by a half to 70 percent in Greece. The post Bank Curbs Paralyze Greek Firms appeared first on The National Herald.


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Greece PD to get new station, leave ex-sewage plant

Design work has begun on a 28,000-square-foot police station to be located at the Greece Town Hall campus. Once the building is completed, 130 ...


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Probe of tax evasion claims at Greek archaeological site

Greece's culture ministry on Friday said a probe had been ordered into claims that the museum of Knossos, one of the country's top archaeological sites, was engaged in systematic tax evasion.


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Police: Greece man charged with DWI after fleeing

A Greece man faces numerous charges after police said he fled the scene after a motor vehicle crash Thursday night. Jeremy Billings, 18, was issued ...


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Turkey's indirect exports to Greek Cyprus up 55 pct

The Greek Cypriot Administration's imports from Turkey through third countries rapidly increased last year. Its imports from Turkey soared to 10.2 ...


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Lafazanis: Formation of new party a possibility

Greece will only be saved if it returns to a national currency


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Jeremy Corbyn says campaign has caught the public mood

Frontrunner for Labour leadership faces down critics in the party, saying people’s support would give him a mandate to leadJeremy Corbyn has told his Labour critics that his mandate to lead the party will stretch beyond Westminster if he wins the contest to succeed Ed Miliband. Amid rising concern among established Labour figures at the apparently unstoppable momentum behind the veteran leftwinger, Corbyn said his campaign has captured a public mood against austerity also seen in Spain, Greece and the US. Related: Jeremy Corbyn: ‘We are not doing celebrity, personality or abusive politics – this is about hope’ Continue reading...


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Olive oil leads Greek export growth in June, while imports fall

Greek exports excluding oil products recorded remarkable growth of 18 percent in June, according to data published on Friday by the Hellenic ...


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Financial Meltdown, Protracted Negotiations: Will the Greek Bailout Deal Work?

This was the worst stock market bloodbath in decades despite an ongoing ban on short selling in Greek markets. Only in 1987, its share index ...


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Little Greek to open two more Bay area units in next two months

Next week, Little Greek will open a 1,400-square-foot franchise unit in a Publix-anchored shopping center on Gulf to Bay Boulevard in Clearwater, two ...


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Kostas Tsanas Becomes Greek National Team Interim Coach

Greece’s U-21 coach Kostas Tsanas was appointed by the Hellenic Football Federation (EPO) as the country’s national team interim coach, replacing Uruguayan Sergio Markarian. Markarian resigned after five disappointing months at the helm, following a humiliating defeat in the Faroe Islands during a UEFA Euro 2016 qualifying match. Initially, EPO did not accept his resignation. This is the


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UN: Refugee Crisis in Greece Causing Unbearable Suffering

GENEVA—. The refugee crisis in Greece is causing unbearable suffering for tens of thousands of people fleeing war, persecution and human rights ...


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Demolition begins for Greek Orthodox church devastated by fire

Four months after a fire caused considerable damage to a Greek Orthodox church in Park Extension, the building is being demolished. Onlookers ...


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Greek church ravaged by fire being demolished

A Greek Orthodox church ravaged by fire in April is being demolished Friday. The Koimisis Tis Theotokou church in Park Extension caught fire in the ...


READ THE ORIGINAL POST AT montrealgazette.com

UN refugee agency calls migrant situation in Greece 'total chaos'

The United Nations refugee agency (UNHCR) on Friday called on Greece to take control of the "total chaos" on Mediterranean islands, where 50,000 ...


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Female Greek Slave Sculpture Opened America’s Eyes to Nudity

Nudity is everywhere these days but Americans were introduced to it in the arts more than 170 years ago through the sculpture Greek Slave. The post Female Greek Slave Sculpture Opened America’s Eyes to Nudity appeared first on The National Herald.


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Varoufakis: I will not vote a recessionary deal

Troika set up a feudal state in Greece


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ESEE: Average weekly loss of Greek businesses 1.2bln Euros

3 in 10 Greek small businesses closed during capital controls


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The Greek government’s plan for the 50bln-Euro Asset Fund

Fund will include profits from natural gas and oil exploration


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V.A.T. absurdity in Greece: Why has Parsley 13% and Basil 23%?

Now I am really angry! My face has turned red and grey smoke comes out of my ears and nostrils. My blood pressure has skyrocketed and I walk up and down in my flat like a maniac. I am about to explode – literally. But before that, I plan a […]


READ THE ORIGINAL POST AT www.keeptalkinggreece.com

Greece Holds Emergency Meeting on Migrants

The Greek government held an emergency meeting Friday over the growing numbers of migrants arriving in the country, which has become the main point of entry for migrants and refugees into Europe.


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UN urges bold action to tackle deepening refugee crisis in Greece

The United Nations today called for bold and urgent action to address a deepening crisis in Greece, where some 124,000 refugees and migrants have arrived by sea this year – a staggering increase of over 750 per cent compared to the same period in 2014.


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EU appeals to members for more assets for Frontex

Frontex says Greece and Hungary are buckling under an unprecedented influx of migrants. The EU's border agency wants nations to commit more vehicles and personnel.


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A look at developments as Europe deals with migrant influx

BRUSSELS (AP) — Europe is struggling to deal with a summer influx of migrants fleeing war and poverty. More than 192,000 people have arrived on its shores by sea so far this year. More than 2,000 have died, with another 200 feared dead in a capsized fishing boat off the coast of Libya this week.Here's a look at developments across Europe on Friday:___EUROPEAN UNION: The EU appealed to member countries to provide more aircraft and assets so its border agency can help Greece and Hungary, both hard-hit. Greece is dealing with migrants who arrive by boat from Turkey while Hungary is dealing with those who make their way north from Greece on foot. EU migration spokeswoman Natasha Bertaud said more planes and technical assistance including personnel and patrol cars are needed. The appeal is a fresh sign of Europe's inability to manage the influx and share responsibility for arrivals.___GREECE: Prime Minister Alexis Tsipras says Greece is overwhelmed by its migration problems as the country battles an economic crisis and that the EU is not doing enough to help. Nearly 50,000 migrants arrived in the EU via Greece in July alone, compared with 41,700 in all of 2014. Tsipras says countries that receive migrants cannot be treated as human warehouses, and humanitarian groups say reception centers in Greece are totally inadequate.___ITALY: Survivors of a fishing boat that capsized off Libya with around 650 people aboard say their smugglers forced people to stay below deck, and authorities fear that more than 200 died trapped inside. Five suspected smugglers were arrested for investigation of multiple counts of manslaughter and aiding illegal immigration. They are accused of belonging to a criminal organization based in Libya, from which overcrowded, unseaworthy vessels set sail.___BRITAIN: British authorities are investigating how a Sudanese migrant managed to walk nearly the entire length of the 31-mile (50-kilometer) Channel Tunnel from France. The 40-year-old apparently slipped past officers at the tunnel entrance and dodged hundreds of security cameras. Eurotunnel said the incident was extremely dangerous. Its trains can travel up to 100 miles (160 kilometers) an hour.___HUNGARY: The governing Fidesz party called for migrants cutting through Hungary's new border fence to be "punished in an exemplary manner." More than 110,000 migrants have arrived this year, nearly all walking across the southern border with Serbia. Budapest hopes the 4-meter (13-foot) high fence the country is building to stop them will be finished by Aug. 31. State media says 18 migrants were caught overnight after cutting their way through.___GERMANY: Berlin warned migrants from the Balkans that they have little chance of being granted asylum and might be billed for the costs of sending them home. A four-minute video, to be screened in Albania, Bosnia, Kosovo, Macedonia, Montenegro and Serbia, shows migrants being put aboard a police bus, then boarding a flight home. Germany has seen an influx of asylum applicants from the Balkans this year.Join the conversation about this story »


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Greece buckling under pressure of migrant arrivals on its shores

Greek infrastructure is buckling under the pressure of dealing with the thousands of people arriving on their shores. The UN's refugee agency said…


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Greece pleads for help in refugee ‘crisis’

UN reports ‘total chaos’ as almost 50,000 arrive in a month


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Here's why Greece's next bailout is far from a done deal

The sense of impending doom may have receded, but Greece is bracing for another bruising couple of weeks as it prepares to try and nail down a new ...


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Focus on Fed, euro zone's economic health

By Ingrid MelanderPARIS (Reuters) - The search for clues to whether the Federal Reserve will raise U.S. interest rates in September for the first time in nearly a decade is set to intensify next week.U.S. employment rose at a steady clip in July and wages rebounded after unexpectedly stalling in June, signs of an improving economy that could open the door wider to a rate hike soon. But Friday's data did not cement expectations the Fed will act next month."Because this report was not extraordinarily strong, it was simply in line with expectations, that leaves the markets having to look toward other data," said Paul Christopher, head global market strategist at Wells Fargo Investment Institute in St. Louis.July retail sales, expected on Thursday, will be the key number to look for, while comments by policymakers Dennis Lockhart and William Dudley will also be carefully scrutinized.Atlanta Fed President Lockhart, a centrist who votes on the Fed's policy-setting Open Market Committee, is due to speak on Monday, with New York Fed President Dudley, seen as a dove and a close ally of Fed Chair Janet Yellen, following on Wednesday.On the other side of the pond, Greek bailout talks, UK labor market figures and euro zone second quarter GDP data will dominate the agenda in a week where most Europeans will be on summer holidays."Unemployment may creep higher again due to election uncertainty ... but rising wages are likely to be the key focus, given the Bank of England's gradual shift to more hawkish commentary regarding medium-term inflation risks," ING analysts wrote in a note. Monthly jobless and average earnings data are due on Wednesday.While there is nothing like the high drama of recent months in the Greek saga, with signs of progress in the reform talks, negotiations are entering a crunch period this week, with Athens keen to wrap things up just after Aug. 15 to receive aid in time to make an Aug. 20 bond repayment to the European Central Bank.The August reading of Germany's ZEW investor morale indicator on Tuesday and second-quarter preliminary GDP data on Friday will gauge the strength of recovery elsewhere in the euro zone after German and French industrial output data disappointed.Before that, investors will closely monitor a raft of Chinese data, including July inflation published on Aug. 9 and July trade data a day before."July's manufacturing PMIs failed to point to any meaningful pickup in the Chinese economy, therefore a keen eye will be kept on the official 'hard' data for clues on the health of the economy," Investec analysts said in a note.(Additional reporting by Mike Dolan and Americas Economics desk; Editing by Catherine Evans)Join the conversation about this story »


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Guys will wait 2 hours and spend $45 to get a haircut at this barbershop chain

For most guys, getting a haircut is a necessary (and tedious) chore. Sam Bu ffa and his bicoastal Fellow Barber shops have figured out a way to elevate the experience. Fellow Barber clients don't just spend more money ($45, to be exact) on a haircut, they spend more time waiting to get into Fellow Barber.   The brand's locations (three in New York, two in San Francisco) are so popular that nearly all of them have wait times averaging one to two hours — at all times of day.  Why are men lining up for haircuts at Fellow Barber? Firstly, Fellow doesn't take appointments. (Its website offers "online check-in" for clients to check the wait time and join the wait list.) And its appeal goes far beyond the understated yet masculine shop atmosphere.  Asked about the brand's success, Buffa points to the elevation of the craft of barbering itself, which he's reinvigorated and brought into the modern era. Wait times for a haircut average one to two hours — at all times of day.   Put simply, Fellow Barber has that classic combination of a good product and superior customer service. Buffa, who opened his first barbershop in the back of a clothing store in 2006, says men were clamoring for this unique kind of high quality service, which he describes as a hybrid of barbering and hairstyling. “I felt it was very important to get these two worlds that have been separated [and] bring them back together,” he says. "There’s a lot to be learned from barbering and hairstyling in general." Differing from the type of old-school barbershop one might find on the East Coast, Buffa prides Fellow as a place where you can get any type of cut you like.  He hires both trained hairstylists and those with a barber's license, but they need to be able to do it all — straight-edge razor shaves, scissor cuts, and barber-style, close-cropped clipper cuts (the most popular style today). Fellow also has a training program, which teaches both styling and barbering disciplines, for its staff.  This means you can walk into Fellow Barber and walk out with any kind of haircut you want, be it a 3 on the sides and long on top or just a trim because you're growing things out. It's this versatility that, Buffa believes, will sustain the brand long after de rigueur clipper cuts fade and men start asking for longer hair. Even for San Francisco and New York gents, the $45 price of entry is more than the average, but the queue to get in proves that guys are willing to pay for the cut and experience they want. "It’s still an errand — something you have to do — but it should be an enjoyable experience,” says Buffa.SEE ALSO: How To Get The Best Haircut For Your Face Shape DON'T FORGET: Follow Business Insider's lifestyle page on Facebook! Join the conversation about this story » NOW WATCH: 6 mind-blowing facts about Greece's economy


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Tsipras demands EU help on migrants

Greece seeks help to tackle “crisis within a crisis.”


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UN Official Criticizes Deplorable Conditions for Migrants and Refugees on Greek Islands

While visiting the Greek islands of Lesvos, Chios and Kos, which have been central points in the massive influx of refugees and migrants to Greece, United Nations High Commissioner for Refugees (UNHCR) director for Europe Vincent Cochetel decried the chaotic situation. On Friday, the European Commission said that 50,000 people had entered the Greek borders in July. The United Nations


READ THE ORIGINAL POST AT greece.greekreporter.com

Greek Finance Ministry Explains New Public Asset Fund

In order to secure a bailout deal with international creditors, Greek Prime Minister Alexis Tsipras had agreed to establish a fund that would monetize 50 billion euros of Greek public assets through privatizations and other means. The fund’s headquarters will be located in Athens. 25 billion euros of this money will be go toward recapitalization of Greece’s devastated banking sector. 12.5 billion


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New Tablet and Smartphone Apps for Greek Museums

The Greek Culture Ministry in cooperation with the Simon Fraser University’s Stavros Niarchos Foundation Centre for Hellenic Studies in Canada are launching new apps for smartphones and tablets that can be used by demanding audiences during their visit to museums and other cultural venues in Greece. According to the Greek Ministry, the launch of these new apps, that will be available


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Deflation in Greece Continues for 29th Month

Greek consumer prices fell by 2.2% in July, compared to last year, with the annual pace of deflation remaining unchanged from the previous month, according to Reuters. Hellenic Statistical Authority (ELSTAT) data released on Friday show that the deflation rate, which is harmonized with the European Union rate, fell by 1.3% in July, following a 1.1% drop


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UN warns of migrant 'chaos' in Greece as thousands face 'shameful' conditions in crisis-hit country

The United Nations warned that migrants landing in Greece were facing “shameful” conditions, with the crisis-hit country claiming it was unable to cope with the massive influx on its Aegean islands.


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Regulators start Greek bank tests, aim for speedy capital boost

Aim is to recapitalise Greek banks by year-end. * This avoids depositors being forced to fund rescues. * Capital controls can't be lifted till banks secure.


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Greece says expects to pass bailout in parliament on August 18

ATHENS (Reuters) - Greece expects the third bailout it is negotiating with its international lenders to be passed by parliament on August 18, in time to ...


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Greece wants recapitalisation to include cooperative banks

Greece's international creditors estimate the banking system may need 10 to 25 billion euros in fresh funds. (Reporting by George Georgiopoulos, ...


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Immigrant flow to Greece is beyond what we can handle – Alexis Tsipras

Tsipras speaks during a meeting at the Interior Ministry in Athens about the recent migration wave to Greece. Photograph: Yiannis Kourtoglou/Reuters.


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More migrants came to Greece in July than whole of 2014

The July numbers exceed Greece's 2014 total when 41,700 migrants arrived in the country. In 2015, the number of migrants to come through Greece ...


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France, Germany Involved in New Conflict Over Greek Loans

The Greek government and international creditors are currently negotiating a third loan package of 86 billion euros. Should the negotiations fail, ...


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Greek life can offer lifelong bonding experiences

One of the many ways to get involved in your school is joining in Greek life. Most colleges offer many different organizations that allow students to be ...


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Greek Health Minister Suggests Penalizing Cancer Patients Who Missed Screenings

Greek Health Minister Charges Cancer Patients A patient receives chemotherapy treatment for breast cancer at the Antoine-Lacassagne Cancer ...


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Migrant crisis: UN refugee agency slams 'total chaos' in Greece

… and knives against the migrants. Greece – already reeling from its financial … Greece on its premises in the centre of Athens He said Greek … in Greece But Greece's Prime Minister Alexis Tsipras said Greece…


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Greece Races to Secure Bailout Deal as Germans Doubt Timeframe

… news and data on Greece, see here.) Greece and its creditors have … Greece must undertake before winning funds, according to the official. Assuming Greece … Greek Finance Ministry official. Euro-area finance ministers may discuss progress on Greece …


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Greek stocks end higher but banks retreat after rebound

ATHENS Aug 7 Greek bank shares closed lower on Friday, giving up earlier gains that followed a strong rebound on Thursday with the broader stock ...


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Germans don't want 'half-finished' Greek bail-out deal

The position is at odds with comments made by France's Francois Hollande and Greek prime minister Alexis Tsipras, who have insisted that talks over ...


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Investors Run Out of Reasons to Sell Greece

After a bruising week, Greek stocks appear to be bottoming out. Shares tumbled after Greece's stock market reopened on Monday after a five-week ...


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Tsipras says migrant crisis 'surpasses' Greek abilities

Athens (AFP) - Greek Prime Minister Alexis Tsipras on Friday said a huge influx of migrants and refugees "surpassed" his debt-hit country's abilities as ...


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UNHCR warns of deepening refugee crisis in Greece and calls for urgent and bold action

The UNHCR Directors of the Bureau for Europe and of Emergency, Security and Supply, visited Greece last week to assess the refugee crisis in the ...


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