An unprecedented spike in refugee arrivals on Greek shores is pushing the resort island of Lesbos to "breaking point", with some 2,000 people landing there every day, an aid group warned Tuesday.
Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros
Tuesday, August 18, 2015
Greece uses ferry to ease migrant buildup on Aegean islands
ATHENS, Greece (AP) — Greek authorities say they are planning to use a ferry currently docked at the island of Kos to transport up to 2,500 migrants to a northern port.
Spain, Estonia and Austria approve third Greek bailout
Lawmakers in Spain have voted to ratify a third financial bailout for Greece. Germany is expected to do the same on Wednesday, but many members of Chancellor Merkel's conservatives are expected to vote against it.
In Germany, 60 conservative MPs oppose Merkel course on Greece
BERLIN (Reuters) - A total of 60 lawmakers in German Chancellor Angela Merkel's 311-member conservative bloc voted against or abstained in a test ballot on Tuesday over a third bailout plan for Greece before the vote in parliament, participants told Reuters.
Greek bonds make big gains on QE hopes
Gains in the region of 60 percent have been observed in Greek sovereign bonds since June lows, attracting buyers who are betting that the European ...
Greece's Alexis Tsipras privatises 14 airports in €1.23bn sell-off to Fraport AG
The controversial decision is worth €1.23 billion but will see the airports - which include several on popular tourist island destinations - removed from the control of the Greek state.
Tsipras and Merkel face revolt over Greek bailout
Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel have been known to take opposite positions in negotiations, but right now ...
Greece relaxes capital controls, will allow 500 euro withdrawals
The Greek government has relaxed slightly its restrictions on banking transactions, allowing small amounts to be sent abroad for the first time in about ...
Understanding the Financial Crisis in Greece With Lord of the Rings
In a few days I leave for Greece as part of my study abroad program, a country you may have read about in the news lately. During this summer I ...
Greece To Trouble Euro Zone For Decades
HELSINKI (Reuters) – Greece will be a headache for the euro zone for decades, Finland's eurosceptic foreign minister said, and called for the ...
UN: 160,000 Seaborne Migrant and Refugee Arrivals in Greece in the Past 7 Months
The United Nations High Commissioner for Refugees (UNHCR) announced on Monday that 20,483 seaborne immigrants arrived in Greece between August 8 and August 14. To put this number in perspective, in 2014, 43,500 migrants and refugees entered Greece through the sea. By the end of July, the United Nations had estimated that over 120,000 refugees and migrants had
Austrian, Latvian and Spanish Parliaments Ratify Greece’s Bailout Package
The parliaments of Austria, Latvia and Spain approved the third Greek bailout package on Monday. The Eurogroup had approved the program on Friday. The 86 billion euros will be dispensed from international creditors to Greece over a three-year period. 50 Latvian MPs voted in favor of the bailout program while 37 turned it down and 6 abstained. In
Germans Get 14 Greek Airport Rights
Greece has agreed to sell to a German company the rights to operate 14 regional airports as once-opposed privatizations are underway. The post Germans Get 14 Greek Airport Rights appeared first on The National Herald.
Greek Hospitality Frays, Migrants Overrun Leros
With illegal immigrants flocking to the Greek island of Leros after hearing of the residents generosity, the scene is starting to turn difficult, with tempers flaring and a support network running out of steam. The post Greek Hospitality Frays, Migrants Overrun Leros appeared first on The National Herald.
The Big, Fat Greek Taste of the Danforth
TORONTO, CANADA – The Taste of the Danforth is an annual tradition among Toronto’s Greeks. Approximately 1.6 million people gather for three days in August along Danforth Avenue in the city’s GreekTown section of food, music, and breaking world’s records. To the latter event, records shattered in years past included the World’s largest Zorba dance […] The post The Big, Fat Greek Taste of the Danforth appeared first on The National Herald.
Syrian refugees drown trying to reach Greek islands from Turkey
United Nations announces that 21,000 migrants made the crossing to the Greek islands in the last week alone
ECB Reduces Maximum Greek Bank Aid as Bailout Eases Cash Tension
The European Central Bank reduced the maximum level of emergency aid available to Greek banks in a sign the country's financial tensions are ...
In Germany, 60 conservative MPs vote no on Greece bailout in test ballot-sources
The mass circulation Bild newspaper had reported that up to 120 conservative members of parliament might vote against the bailout package Greece ...
Greece braces for snap elections
The dice has been cast. The Greek Prime Minister interrupted his brief vacation and returned on Tuesday to Athens. Even before the Greek bailout agreement passes through the German and Dutch parliaments on Wednesday, the Greek government braces for ...
Europe struggles to respond as migrants numbers rise threefold
By Robert-Jan Bartunek BRUSSELS (Reuters) - More than three times as many migrants were tracked entering the European Union by irregular means last month than a year ago, official data showed on Tuesday, many of them landing on Greek islands after fleeing conflict in Syria. While the increase recorded by the European Union's border control agency Frontex may be partly due to better monitoring, it highlighted the scale of a crisis that has led to more than 2,000 deaths this year as desperate migrants take to rickety boats. Italian police said they had arrested eight suspected human traffickers that they said had reportedly forced migrants to stay in the hold of a fishing boat in the Mediterranean as 49 of them suffocated on engine fumes.
Greek Islanders Struggle To Aid Refugees Without Losing Tourists
Many residents on Kos feel sympathy for refugees that have arrived on their shores, but locals also worry that the crisis could destroy the tourist industry which provides the bulk of their income.
Why Greece Can't Fulfill Bailout's Terms
When they hammered out the deal, both the EU leaders and the Greeks realized that its ultimate success depended on Greece's ability to execute its ...
Spanish MPs to approve third bailout for Greece
Spanish lawmakers were on Tuesday poised to approve Greece's third international bailout, which Prime Minister Mariano Rajoy decided to put to a ...
Welcome mat fraying on friendly Greek island where locals, tourists help migrant arrivals
The islanders bring food, drinks, clothing and necessities like diapers and toothpaste to the migrants huddled on this tiny outcrop in the Aegean Sea.
Syrian migrant describes using a people smuggler to get from Turkey to Greece
Preparing to risk their lives crossing the Aegean Sea on board a small inflatable dinghy, Duaa, 22, said that her family hope the journey will mark the moment their lives finally take a turn for the better.
German politicians return to Berlin for key Greek bailout vote
Chancellor Angela Merkel will ask MPs to approve latest €86bn rescue, but faces prospect of many conservatives voting against the deal For the second time this summer, German politicians have been forced to interrupt their holidays and fly back to Berlin for a key vote on bailing out Greece.In what is being seen as Angela Merkel’s last chance to ensure that Athens stays in the eurozone, MPs will decide on Wednesday whether to approve the latest €86bn (£60.5bn) rescue, Greece’s third. Related: Greece bailout deal: Angela Merkel expects IMF involvement Continue reading...
Greek-Cypriots Buy and Sell Properties in Occupied Areas
Greek-Cypriots are currently buying and selling properties in the occupied areas of Cyprus at prices higher that the ones set by the Turkish-Cypriot Immovable Property Commission (IPC) and lower than the market value in the Greek-Cypriot part of the country. According to newspaper “Politis,” 124 Greek-Cypriot-owned properties were sold in the occupied areas of Cyprus between January 2014
Greece sells airports to Germans as Bundestag prepares for day of reckoning
… European competition commission and the Greek Council of State". The … to convince sceptical lawmakers that Greece will be able to carry … release its own funds to Greece in October. The Dutch parliament …
12-Year-Old Migrant’s Trip to Greece Takes a Toll on His Health
A 12-year-old boy, who was born with one kidney and suffers from serious health problems, made the courageous trip from Afghanistan to Greece along with his family, following the refugee path to Europe. However, the young boy had to abruptly stop his journey, since he was in dire need of hospitalization. Hafiz was just five years old
EU's Greek Bank Review to Determine Size of Third Rescue Package
Whether any changes are needed to Greek bank laws will depend on the outcome of the review of the banks' asset quality and a stress test required ...
Angela’s Clashes
The Greek bailout carries a high political price for the German leader.
Greek Prime Minister reneges on pre-election promise and privatises 14 airports in €1.23bn sell-off ...
Greek Prime Minister Alexis Tsipras has reneged on pre-election promises not to privatise the indebted country's infrastructure by selling off 14 airports ...
Airline Pilot Jailed For Being More Than Seven Times Over Legal Alcohol Limit
The 38-year-old Latvian man confessed to downing two bottles of whisky and some beer with other crew members before a flight carrying 100 passengers from Norway to Greece on August 8
Merkel under pressure over Greece vote
German chancellor Angela Merkel was on Tuesday night struggling to contain a rebellion in her own party against the latest €86bn Greece rescue ...
German parliament debates Greek bailout
German lawmakers broke off their holidays on Tuesday to debate Greece’s third bailout plan before approving it, though Chancellor Angela Merkel faces a rebellion in a vote shaping up as her last chance to keep Athens in the eurozone.
Spanish congress approves Greek bailout
The Spanish Congress on Tuesday returned to full activity with a debate which saw it back the plans for the third bailout of Greece.
A missed opportunity for Greece and the euro zone
Now the dust has temporarily settled over the ruins of Greece’s economy, it is worth asking if there wasn’t a brief moment when the actors had found a way to cut the euro-zone crisis ’s Gordian knot. At some point in July German finance minister ...
A missed opportunity for Greece and the euro zone
Now the dust has temporarily settled over the ruins of Greece’s economy, it is worth asking if there wasn’t a brief moment when the actors had found a way to cut the euro-zone crisis ’s Gordian knot. At some point in July German finance minister ...
EU migrant arrivals pass record 100,000 in July
BRUSSELS (Reuters) - Nearly 110,000 migrants were tracked entering the EU in July by irregular means, official data showed on Tuesday, setting a record as the influx continues, notably of Syrians reaching Greek islands from Turkey.
Govt kudos to Tasia amid ‘tsunami’ of migrants overwhelming Greek isles
Although she's visited affected islands, Christodoulopoulou praised as 'only minister who hasn't been to the beach' this season...
Greece Gives German Firm Rights to Run 14 Airports
Greek government sells to German firm rights to operate 14 regional airports
A missed opportunity for Greece and the euro zone
Now the dust has temporarily settled over the ruins of Greece’s economy, it is worth asking if there wasn’t a brief moment when the actors had found a way to cut the euro-zone crisis ’s Gordian knot. At some point in July German finance minister ...
6 Migrants Drown off Turkish Coast Trying to Reach Greece
6 migrants trying to reach Greece drown off Turkish coast, highlighting risks of crossings
Welcome Mat Fraying as More Migrants Reach Greek Island
The islanders bring food, drinks, clothing and necessities like diapers and toothpaste to the migrants huddled on this tiny outcrop in the Aegean Sea.
Spanish Lawmakers Overwhelmingly Approve Greek Bailout
Members of the nation's lower house of parliament voted 297-20 in support of the third Greek bailout already backed by the administration of Prime ...
Greek Government Buries its Head in the Sand on Migrant Influx
metanastes-kws With about 1,000 refugees and illegal migrants entering Greece each day, the Greek government celebrates the establishment of a ...
Schaeuble: Greece’s choice to exit the eurozone, a 4.bailout can’t be completely ruled out in the future
A few hours before the German Bundestag votes for the 3. bailout package for Greece, Finance Minister Wolfgang Schäuble (CDU) went to state broadcaster ZDF and campaigned in favor of the so-called “new aid package” for the debt-ridden country. He told the German public and his fellow lawmakers, that he […]
UN: Greece Must Take Charge in Refugee Crisis
The United Nations told Greece it must show "much more leadership" in tackling the escalating crisis of migrants crossing the Mediterranean.
UPDATE 2-Greece confirms Germany's Fraport to run regional airports
ATHENS/FRANKFURT, Aug 18 (Reuters) - Greece has confirmed it will award concessions to run more than a dozen regional airports to Germany's ...
Greece Moves Forward With First Privatization Since Bailout Deal
Greece gave approval for the first privatization under Prime Minister Alexis Tsipras, a key requirement of the country's bailout deal with creditors.