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Saturday, August 8, 2015

EU officials see Greek deal soon

… , with Germany warning against haste. Greek Prime Minister Alexis Tsipras has … three-year loan programme for Athens. Greece would be expected to enact … conditions for opening talks with Greece on a third bailout to …


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Greek gov ‘poring over’ 3rd bailout draft

… International Monetary Fund lenders met Greece’s finance and economy ministers … smoothly, with the lenders praising Greece for its cooperation. The view … as planned on Tuesday, the Greek government and parliament would be …


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Ben Needham: Greek cops have EIGHT different theories about missing toddler

Greek police have as many as EIGHT different theories about what happened to missing British boy Ben Needham, we can reveal. Documents ...


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Greek men's water polo team earns bronze at Worlds and makes Rio

The men's national water polo team achieved the best result of a generation as it finished third in the World Championship in Russia by beating Italy in ...


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Creditors agree draft Greek bailout deal, talks with Athens continue

"We hope that everything will go well," Greek Economy Minister Giorgos Stathakis told journalists in Athens outside the hotel where the negotiations ...


READ THE ORIGINAL POST AT en.europeonline-magazine.eu

Greek PM's party to hold emergency congress in September

Senior EU-IMF auditors has held their first meetings with Greek ministers to finalise a new three-year bailout as the Athens stock market prepares to ...


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Finland May Not Participate in Greece's Third Bailout

1288645967289 Finland may stay out of the planned third bailout package for Greece, said the country's Foreign Minister Timo Soini on Saturday.


READ THE ORIGINAL POST AT greece.greekreporter.com

Varoufakis: Spain is Next to Drown in Debt After Greece

varoufakis-800x450 Greece's former finance minister Yanis Varoufakis said that the third bailout creditors offered was really meant to drown Greece in ...


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Cyr: Greece -- debt, deficits and defense of the European ideal

"The country that invented drama and democracy is not disappointing," is how Bloomberg News described unfolding political and economic ...


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Greece and creditors close to finalizing details of bailout deal

Greece and its creditors have been poring over the fine print before agreeing to a new bailout deal. Officials hope the pieces will be in place for cash to be released to Athens ahead of a looming debt deadline.


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UNHCR Europe Director brief journalists on refugee crisis in Greek Islands

After having visited the Greek islands where refugees and migrants are arriving en masse, the UNHCR Director for Europe, Vincent Cochetel, briefed ...


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Greece Travel Plan opens Dubai office

Located in the UAE allows Greece Travel Plan to serve all the GCC market, with the fastest services, best rates, and quality that will most definitely ...


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Greek bailout talks to shift gear

The latest round of talks in the Greek capital will focus on a massive third rescue package, after Athens its creditors reached an agreement on a deal ...


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Official: Vila leaves for Greece

AEK Athens have completed the signing of former Eibar left-back Didac Vila from Milan on a three-year contract. The 26-year-old played 15 times for ...


READ THE ORIGINAL POST AT www.football-espana.net

MP Mitarakis: Tsipras’ Aim is to Realign Foreign Policy

  CHIOS, GREECE – In a July 3 interview with The National Herald, Member of Parliament Notis Mitarakis (New Democracy – Chios) said that Greek Prime Minister Alexis’ Tsipras ultimate goal is to realign Greek foreign policy. Essentially, to move Greece away from the West. In the interview, which took place two days before the […] The post MP Mitarakis: Tsipras’ Aim is to Realign Foreign Policy appeared first on The National Herald.


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Greek government says poring over draft of third bailout agreement

Greek government officials are poring over a draft of the country's third bailout agreement drawn up on the basis of discussions with EU/IMF lenders, a government official said on Saturday, boosting hopes a deal could be wrapped up in days. Athens is racing to wrap up the bailout agreement of as much as 86 billion euros (£60.89 billion) by as early as Tuesday in a bid to get the first disbursement of aid by Aug. 20, when it faces a debt payment to the European Central Bank. Officials from European Union and International Monetary Fund lenders met Greece's finance and economy ministers in Athens on Saturday after EU finance officials held a teleconference on Friday and noted progress in the talks.


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Greece hopes to seal bailout deal next week

Athens is negotiating with EU institutions and IMF for up to Euro 86 billion in fresh loans to stave off economic collapse and stay in the euro zone


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Sunbathers watch as rubber dinghy full of migrants arrive in Greece

Stretched on their beach towels and enjoying the blazing sunshine, the tourists seem unfazed by the dark green dingy, crammed full with people as it ...


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Buyer beware! Scams of a reputable Greek travel agency…

Don't assume that just because a travel agency has a good reputation they will volunteer information or will not mislead you into thinking you are buying a different travel program than the one being offered


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The Varoufakis Collection… How the ex FinMin became Che! (See products)

Yanis Varoufakis, Greece's former finance minister - known for his flamboyance and bad taste in shirts - is now a marketable commodity


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These are 8 of the most creative 'Minecraft' creations ever

"Minecraft" is the hottest PC game in the world. It's like digital LEGO. Kids love it. Grown ups love it. You can play to survive, overcome challenges, or – my personal favorite – build ridiculously creative things. Some players stick within the bounds of the original game. Others color outside the lines with mods, or fan-made changes to the game itself. Here are eight astonishing examples of that creativity, from players of all kinds."Project Wasteland" seeks to recreate the look and feel of "Fallout." "Fallout" is one of the most popular open-world series around. It's set in a post-apocalyptic America. Radiation spoils the landscape and bottlecaps are currency. The game world is enormous. Modder and builder Dvnt set out to create the landscape and gameplay of the series within "Minecraft" – complete with all-new creatures, a "Pip Boy" electronic device straight out of the game, and a heads-up display. You can learn more about the ongoing project, known as "Project Wasteland," here. "Atropos" is a giant, gorgeous turtle...city...thing. It's hard to say what "Atropos" is. It's got buildings, caverns, giant mushrooms, smokestacks – all slotted into the intricate body of a giant turtle. The name comes from one of the three ancient Greek goddesses of fate. The beauty of this build is in the seamless integration of macro and micro. Here are some screenshots from within the great chelonian. You can download "Atropos" and find out more about the project here. This hammerhead shark sky battleship is straight out of an unwritten sci-fi movie. "Atropos" isn't the only stunning "Minecraft" uber-megafauna around. This "Redeemer-Class Gunship" is a feat of over-the-top biomimetic design​. Creator Rossky writes, "Building this 2,045,747 blocks project took 43 days with about 2-6 hours of building every day. " If only we had an alien super-guppy invasion to give us a reason to build one of these in real life. See the rest of the story at Business Insider NOW WATCH: Jennifer Lawrence is all over the place in this awesome trailer for 'Joy'


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Minister calls for more efforts to stop migrants crossing from Greece to Turkey

EU ministers failed to agree on July 20 on how to redistribute a total of 40,000 mostly Syrian and Eritrean migrants from overstretched Italy and Greece ...


READ THE ORIGINAL POST AT www.ekathimerini.com

OHS teacher continues learning with summer academy in Greece, 'Data Camp'

Deane traveled to Greece July 12-17 for the Inspiring Science Education (ISE) Summer Academy, which provided him an opportunity to work with top ...


READ THE ORIGINAL POST AT www.ottawaherald.com

Ancient head of Greek creature Medusa uncovered in Turkey

The stone head of Medusa, a mythical creature fabled in Greek lore for having hair made of snakes and turning all who gazed on her into stone, has ...


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Greek stocks 'more and more isolated from rest of Europe'

The plunge in Greek equities that erased $10 billion in market value last week is stirring up little concern among European investors. The country's ...


READ THE ORIGINAL POST AT www.ekathimerini.com

8th August 2015

While the Greek government is currently negotiating the conditions of the third bailout with the international creditors, the IMF is pressing for a Greek ...


READ THE ORIGINAL POST AT thecorner.eu

After Greece Spain Comes Next – Ex-Greek Finance Minister

Yanis Varoufakis, Greece's outspoken former finance minister, said the financial bailout from the country's international creditors was really meant to ...


READ THE ORIGINAL POST AT sputniknews.com

Part-Time Employment Rises as Recession Continues in Greece

Part-time employment has skyrocketed by 90 percent in crisis-stricken Greece as full-time employment has decreased by almost half a million workers. According to new figures by the General Confederation of Greek Labor (GSEE), part-time work has become the employment norm for many people since 2010 and it seems to have replaced temporary employment. It has almost


READ THE ORIGINAL POST AT greece.greekreporter.com

Greek Gov’t Builds €1 Mln Refugee Camp

In an effort to tackle the huge influx of refugees and undocumented migrants, the Greek government is building a new camp for migrants in Elaionas area in Athens. A large vacant lot in Elaionas will serve as an open camp for the refugees who now camp out at the Pedion tou Areos park, near the


READ THE ORIGINAL POST AT greece.greekreporter.com

Police blotter includes a school bus fight in Greece

Brighton. Burglary: Someone removed a window screen and entered a house on Lynnwood Drive through the window and stole a laptop computer ...


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Greek negotiators on track for Tuesday deal

Greek negotiators on track for Tuesday deal - report. Fri 7 Aug 2015 21:10:24 GMT. Author: Adam Button | Category: News. Author: Adam Button ...


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'We all deserve to live', Syrian refugees say in Greece

Seconds after shrugging off a life jacket, Syrian refugee Mustafa Mohammad embraced the first person he met in Greece. A two-hour sea journey from ...


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Finland could stay out of new Greek bailout

TURKU (Reuters) - Finland could stay out of a planned third bailout package for Greece, the Nordic country's eurosceptic foreign minister said on Saturday. "The government has a very tight policy on this. We will not accept increasing Finland's liabilities, or cuts in Greece's debts," Foreign Minister Timo Soini told Reuters on the sidelines of a congress of his The Finns party. He said he believed the bailout policy would not work, adding that the most likely scenario in the long term was Greece's exit from the euro zone. ...


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Knossos archaeological site: Souvenir sales without receipt; Greece’s Culture Ministry orders probe

That’s a true LOL story Made in Greece! The Culture Ministry has been systematically evading taxes for years or even decades or better say: state institutions have been depriving  the state from tax revenues. The incredible tax evasion was revealed at the museum of the the archaeological site of Knossos […]


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Greece on track to complete bailout deal

Greece is on track to complete a draft deal on a third bailout by Tuesday and possibly get a first disbursement by Aug. 20 to meet a key payment, ...


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EL-ERIAN: Here are 6 things to consider now that we have the July jobs report

We reached out to Mohamed El-Erian to get his take on what Friday’s US employment report tells us about the prospects for Federal Reserve policy. Here are his six main takeaways:  1. The continued strengthening of the labor market, including the net creation of 215,000 jobs in July, increases the probability of the Fed initiating its interest rate hiking cycle at the next policy meeting in September. But it is not yet a done deal.  2. While supportive of a September rate hike, Friday’s numbers were not totally determinant for two notable reasons: Domestically, wage growth remains frustratingly tepid; and, internationally, conditions are far from supportive.  3. The combination of slow wage growth and international economic fragility constitute headwinds to US economic lift off – not only cyclically but also structurally. As such, in the days and weeks ahead, the Fed will keep a close eye on three things in particular: disaggregated indicators of wage formation, demand prospects in the emerging world (particularly China), and the financial stability of Europe (including prospects of a sustainable deal between Greece and its creditors).  4. Having become a major determinant of asset prices around the world, including in decoupling them from fundamentals, Fed central bankers are also seeking to strike the right balance vis-à-vis financial markets (and not just economic conditions). They do not wish to further turbo charge prices; and they are probably not too keen on adding fuel to the vigorous financial engineering in corporate America, and on distorting even more financial asset allocations. But they also don’t wish to be the cause of a disorderly rout in markets, especially when it comes to risk assets. 5. Given all these considerations, look for Fed officials to continue to manage market expectations towards the likelihood of a September rate hike. They will do so in a rather gentle and measured fashion, stressing that they intend to keep their options open until the last minute – re-iterating over and over again the notion of data dependency.  6. Finally, we should not forget the global dimension. In the line-up of major central banks around the world, the Fed is the most likely to hike, and will likely remain in this pole position. It is followed by the Bank of England, with the European Central Bank and the Bank of Japan well behind. All this illustrates once again the general global theme of central bank divergence, a phenomenon that also plays out in asset price formation. As such, “relative” trades will continue to provide interesting opportunities.Join the conversation about this story »


READ THE ORIGINAL POST AT uk.businessinsider.com

Government Wants to Include Cooperative Banks in Recapitalization

The Greek government wants to include cooperative banks, which mainly support small and medium-sized businesses in the country’s periphery, in the recapitalization of Greece’s lenders, the finance minister said on Friday. “The government’s intention is to strengthen the cooperative banks through a comprehensive strategy for restructuring, by creating stronger groups, by centralizing functions and systems […] The post Government Wants to Include Cooperative Banks in Recapitalization appeared first on The National Herald.


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White House Meeting Deemed “A Good Start,” Official Thanks Attendees  

TNH Senior Writer Dean Sirigos reported live from the scene: Vice President Joe Biden, along with White House Chief of Staff Denis McDonough, led a team of administration officials who invited community leaders to discuss the Greek crisis and what the United States, working with Greek-Americans, could do to help a valued and vital ally. […] The post White House Meeting Deemed “A Good Start,” Official Thanks Attendees   appeared first on The National Herald.


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EU Appeals for Help to Greece with Migrants

BRUSSELS, BELGIUM — The European Union appealed Friday to member countries to live up to pledges to provide planes and other assets so that its border agency can help Greece and Hungary cope with a migrant influx. EU leaders committed in April to triple the Frontex agency’s budget and provide it with more assets as […] The post EU Appeals for Help to Greece with Migrants appeared first on The National Herald.


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HELLENIC HAPPENINGS FROM COAST TO COAST

  BALTIMORE, MD – Everyone loves a small plate of delicious food. Long time Greek-American friends opened up a Cava Mezze in Baltimore, reported the Baltimore Sun. Mezze is not a new concept in the Baltimore dining scene but it is definitely not overplayed, wrote the Sun. Cava Mezze opened in late June in Harbor […] The post HELLENIC HAPPENINGS FROM COAST TO COAST appeared first on The National Herald.


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Eyewitness: Kos, Greece

Photographs from the Eyewitness series Continue reading...


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Greek Gov't Demands EU Aid to Tackle Migrant Influx

Greece's Prime Minister Alexis Tsipras has admitted Greece cannot handle the flow of asylum seekers reaching its islands every day.After an extraordinary cabinet meeting, he has demanded that the EU provide assistance as the existing infrastructure to address the crisis is "insufficient"."We have a serious problem and that is why we asked Europe for help," Kathimerini quoted him assaying.Earlier on Friday the United Nations' refugee agency, the UNCHR, called on Greece to cope with the "chaos" on its islands.UN data suggests as many as 43 500 migrants entered Greece in 2014.This year, however, the number seems to have more than doubled in the first seven months alone. More than 107 000 are estimated to have reached the country since 2015 began.UNCHR's European Director, Vincent Cochetel, warned measures should be taken in order not to turn Greek islands into "a second Calais".He warned against any attempts at using the situation for political purposes, noting that, while EU partners must help ease the burden, it is Greece that should "lead and coordinate".In the words of Tsipras, it is now time for Europe to show it is a union of "solidarity".


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Refugee crisis heightens on Greece's eastern islands

UNHCR is also calling on the EU and the Greek government to do more to tackle the refugee crisis. In the midst of a crippling economic decline, ...


READ THE ORIGINAL POST AT america.aljazeera.com

27 Powerful Pieces Of Graffiti That Capture Greece's Frustration Amid Crisis

… for new austerity measures. Some Greeks have weighed in on the … “What’s next???", “Free Greece from the Europe Prison” and … article originally appeared on HuffPost Greece. It has been translated and …


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Shocking history! Sex curiosities from Ancient Greece (pics)

Ancient Greek sexual perversions are titillating and shocking to behold.


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New smart phone app offers high-tech stroll through Ancient museums

Smart phones and tablets utilized for a better understanding of Ancient Greek culture


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Bankers Aren't Above the Law: Five Things We Learned This Week

Banks got the worst of it. Despite a rebound over the last two days, the National Bank of Greece lost half its market value this week. After three bailouts ...


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Greek PM calls EU for help on migrants crisis

Afghan immigrants arriving in a dinghy on the Greek island of Lesbos after crossing a part of the Aegean Sea between Turkey and Greece yesterday.


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Comment: Laid-back Greece is a poor fit for the EU

Today, Greece's economy lies in tatters for various reasons, most of which seem rather elementary. Long before entering Economics 101, one learns ...


READ THE ORIGINAL POST AT www.timescolonist.com