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Thursday, September 17, 2015

Serbia Saying Ready to Face Potential Rise in Migrant Inflow from Bulgaria

Serbia’s Labour Minister Aleksandar Vulin said on Thursday the government is getting ready to receive “a potentially larger inflow of migrants from Bulgaria” at Dimitrovgrad border crossing but doesn’t intend to keep anyone inside the country by force.  "Serbia is not a collection center, nor a concentration camp, and it will not hold anyone by force,” Tanjug quoted Vulin as saying  in comments about the efforts put by the government in Belgrade into tackling an increased inflow of migrants and refugees crossing into Serbia from Greece via Macedonia. Vulin also noted it made no sense for EU member Greece to be an open country that anyone can enter and leave without any documents, while Hungary is a closed country that doesn’tallow people to enter, even those with documents. The Serbian minister said that he will meet with European Commission officials in Brussels next week to discuss Serbia's problems stemming from the increased migrant inflow, including the related costs.  


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About 150 youths attack police with petrol bombs in Athens

ATHENS, Greece (AP) — Greek police say scores of anarchists have attacked police with petrol bombs outside a central Athens precinct, and one officer was injured in ensuing scuffles.


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GREECE election: Syriza outflanked by hard left as lead melts away ahead of vote

The party led GREECE'S last government and claims to be on course to form its next one. But with three days remaining before voting in GREECE'S fifth ...


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New debt sustainability rule for GREECE

Kathimerini understands that the new criterion that will determine the sustainability of GREECE'S debt has almost been decided and it will be that the ...


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Greek Election Bores The Voters

Going to the polls the third time this year, on Sept. 20, Greeks have shown little enthusiasm for any of the parties, believing no change is coming. The post Greek Election Bores The Voters appeared first on The National Herald.


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World Press View: The Accidental Greek Election Doesn’t Matter

Greece's general election on Sept. 20 ostensibly is to choose a new leader for the country but that job is already held by international lenders. The post World Press View: The Accidental Greek Election Doesn’t Matter appeared first on The National Herald.


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KGO AM 810 Newstalk Radio, San Francisco.

Under the Greek electoral system, whichever party comes first wins a bonus 50 seats in the country's 300-member parliament. But if opinion poll indications prove ...


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Polls confirm no favorite in Greek election going down to wire

ATHENS (Reuters) - Four opinion polls on Thursday underlined the tightness of Greece's election campaign, offering different outcomes but all pointing to no outright winner when ballots are cast.


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Voters in Greece head to polls again Sunday to elect a new ...

Voters in Greece head to polls again Sunday to elect a new parliament. Prime Minister Alexis Tsipras stepped down and called for elections, hoping for new ...


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Greece’s Bailout Is Working-Too Well

Greece’s Bailout Is Working—Too Well As mainstream parties unite behind the rescue deal, opposition becomes the preserve of the fringe.


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Greek far right party rides wave of xenophobia

Golden Dawn, Greece’s far-right neo-fascist political party, is riding a wave of xenophobia and euroscepticism among a population battered by years of recession ...


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(Photos) Tenerife Becomes Athens in Latest Bourne Film Installment as GREECE Turns Away ...

While neighboring countries are looking to cash in on lucrative Hollywood film budgets and lure international productions, GREECE continues to push ...


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Bear Population in GREECE Has Increased, Study Finds

A study conducted by ARKTOUROS, a Greek wildlife conservation organization, between 2007 and 2010 found that the number of bears in GREECE ...


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As GREECE Gears up for Sunday Vote, Polls Show a Tight Race

Tourists stand in front of an election kiosk of former Prime Minister Alexis Tsipras' leftist Syriza party in Athens, GREECE, September 16, 2015. | Photo: ...


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Third Election In A Year Will Cost GREECE Millions

The cost is a heavy lift at a time when GREECE is reeling from years of ... PRESS This Sunday's elections will cost GREECE an estimated $37.5 million.


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Aylan Kurdi's father vows to hunt down trafficker who led son to his death

EXCLUSIVE: Abdullah Kurdi, speaking from Erbil, Iraq, said he is determined to find the man referred to as 'the arranger', who he paid to take his family on their fateful journey to the Greek island of Kos.


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'Heretic' of Greek politics eyes return from wilderness ...

Tapping into frustration at years of economic hardship and broken promises, Vassilis Leventis's Union of Centrists is polling between 3.5 and 4 percent of ...


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Greece, Italy make sure of Olympic qualifying at ...

LILLE, France (AP) -- Greece rallied from a 17-point deficit to beat Latvia 97-90 and finish fifth in the European basketball championship on Thursday. Italy beat the ...


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Why Greeks are voting sooner than planned

… government in Greece. Tsipras boasted: “The verdict of the Greek people ends … give him what he wanted. Greece shut the banks as June … the IMF that month. ‘Can Greece possibly keep the euro now …


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Why leaving the euro is back on the agenda in the GREEK election

Since the former GREEK prime minister, Alexis Tsipras, agreed to a third bailout in July, the perception of Grexit as an immediate threat has subsided ...


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PASOK, Syriza, anyone? Lots of choice in Greece vote

It hasn't happened in 60 years, but nine parties hope to win seats in Greece's parliamentary elections this Sunday. According to opinion polls, it is highly unlikely that any of them will win an absolute majority.


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GREECE comes back to beat Latvia in Spanoulis's last game

Latvia was on top for most of the first half (leading by up to 11 points), but a good spell in the second period saw GREECE edge ahead by nine (37-28).


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Home Sales, GREECE, Pope, Emmys, Rugby: Week Ahead Sept. 19-26

Sales of previously owned U.S. homes probably held close to the highest level since 2007 and purchases of new properties rose, data in the coming ...


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GREECE Concludes FIBA Eurobasket 2015 with Victory over Latvia – Spanoulis Retires

Having lost the first two quarters to Latvia, GREECE found itself trailing by 39 to 54 with a little over five minutes to go in the third. The Greeks rallied ...


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Interview/IBNA: Evaggelos Meimarakis President of New Democracy

Athens, September 17/ 2015/ Independent Balkan News Agency By Spiros Sideris Mr President, the central slogan in the Sep 20 election campaign is “Greece Forward”. Who took Greece backwards? Was it the seven month period Syriza was in power or is your party, New Democracy and its governments responsible too for this setback? Everyone now […]


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Jeremy Corbyn just broke his media silence in a completely unexpected way

Jeremy Corbyn, the recently elected leader of Britain's opposition Labour Party, has been pretty much refusing to do any media since he got the top job. But Corbyn on Thursday broke the silence in a pretty unexpected way — by writing an editorial on Europe in the Financial Times. The FT is the paper of the City and usually associated with right of centre, free market views. It's the last place you'd expect to find Corbyn, an avowed trade unionist and socialist. The crucial point Corbyn makes in the piece is that under him Labour will be pro-Europe, but that he will fight for social reforms and try to reverse any erosion of workers' right that David Cameron or any Brussels politicians pursue. He also wants the debate on the upcoming European Union referendum in Britain to focus more on social issues. Here's Corbyn: Too much of the referendum debate has been monopolised by xenophobes and the interests of corporate boardrooms. Left out of this debate are millions of ordinary British people who want a proper debate about our relationship with the EU. We cannot continue down this road of free-market deregulation, which seeks to privatise public services and dilute Europe’s social gains. Draft railway regulations that are now before the European Parliament could enforce the fragmented, privatised model that has so failed railways in the UK. He concludes: "Labour is clear that we should remain in the EU. But we too want to see reform." Some of the reforms that he wants to see include on agriculture policy, following protests in Brussels last week, and support for the financial transaction tax. Corbyn also uses the editorial to say he has been "appalled" by the treatment of Greece by Europe, saying: "The current orthodoxy has failed. We need a new economic settlement." You can read the full editorial here. Join the conversation about this story » NOW WATCH: Secrets of the Statue of Liberty


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The main contenders in Sunday's national election in Greece

ATHENS, Greece (AP) — With Greece firmly harnessed to the strict terms of its third bailout, Sunday's election should have little impact on future economic policies.


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Bismarck Tribune Online

ATHENS, Greece (AP) -- With Greece firmly harnessed to the strict terms of its third bailout, Sunday's election should have little impact on future economic policies.


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Turkish land border with GREECE shapes up as new refugee entry point

ATHENS/EDIRNE, Turkey, Sept 17 (Reuters) - GREECE said on Thursday it was possible that large groups of refugees from Syria may be about to seek ...


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GREECE: Interview with Panagiotis Kolovos, candidate in Athens for the new Popular Unity party

On Sunday, September 20, GREECE goes to the elections after Tsipras resigned once he had signed up to the austerity programme demanded by the ...


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MarketsAn election? In GREECE? Markets shrug it off

There's an election in GREECE on Sunday. In contrast to the many other recent votes in the country, though, this one is not stirring up the familiar market ...


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GREECE'S election on Sunday would be a good one to lose

Here are three signs that GREECE'S elections on Sunday are, to all intents ... to end austerity, he could do it on GREECE'S own dime, or rather, drachma.


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Jobless rate in GREECE dips by two percent

Unemployment in GREECE fell by two percentage points in the second quarter – but the jobless rate remains the highest in the EU with just under one in ...


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Greek Authorities Capture Six Alleged Migrant Smugglers

Greek authorities arrested six people accused of human trafficking in Northern Greece, close to the border with Turkey, the Athens-Macedonian News Agency Reports. The six alleged smugglers consist of one Greek and five Syrian citizens. The report notes that the individuals were caught after smuggling 25 Syrians and 4 Iraqis into Greece from Turkey, through the river of Evros, which runs through Greece


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Greece’s Golden Dawn Leader Assumes Political Responsibility for Rapper’s Murder

Golden Dawn leader Nikos Michaloliakos assumed political responsibility for the murder of rapper Pavlos Fyssas, but claimed there is “no criminal liability.” Speaking on Real FM radio on Thursday, the extreme-rightist party chief denied all allegations that he is a believer in the Nazi ideology and that Golden Dawn is not a fascist party but


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Greek Unemployment Rate Decreases Slightly in 2015 Second Trimester

The Hellenic Statistical Authority (ELSTAT) announced on Thursday that the Greek unemployment rate fell to 24.6% in the second trimester of 2015, from 26.6% in the year’s first trimester. By the end of this year’s second trimester 1,180,441 people were jobless while 3,625,545 individuals were employed. “The percentage of unemployed who have never worked in the past is


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Greek Prime Ministerial Candidates Poles Apart

By Tammy Erickson, Adjunct Professor of Organisational Behaviour, London Business School As Greece prepares to go to the polls on Sunday for the third time in a year and after one of the most turbulent political and economic periods in its history, the two candidates vying for Prime Minister could not [...]


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Still standing, somehow

A RECENT cartoon in _Kathimerini_, a Greek newspaper, depicts Alexis Tsipras, the prime minister, waking up in a cold sweat. “I had a nightmare!” he exclaims to his partner. “What was it?” she asks. “That I was re-elected!” he replies. Poor Mr Tsipras. Swept to power on a wave of anti-austerity hope in January, for six months he and his leftist government captivated the world as they battled to convince euro-zone partners to lend Greece more money without the tough conditions of two previous bail-outs, saw banks forced to close and came close to losing the euro. Today Mr Tsipras cuts a diminished figure. He capitulated before Greece’s creditors and signed a third programme under duress. The country still lives under capital controls. The economy is even more of a wreck. His party has split. The demagogue who once promised to upend Greek politics seems worn out. In calling an election on September 20th to renew his mandate, Mr Tsipras offers an awkward proposition for Greek voters: that they should choose him to implement the bail-out he denounces. Little wonder the campaign is dull. Watching this spectacle after...


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Marching to a new tune

SPIRITS were running high at the Trades Union Congress in Brighton. Amid stalls selling T-shirts emblazoned with pictures of Che Guevara and “I still hate Thatcher” mugs, people talked animatedly about Jeremy Corbyn, the new Labour leader. At meetings, union representatives and grass-roots activists thundered against a trade-union bill, which passed its second reading in Parliament during the conference, on September 14th. Yanis Varoufakis, the former Greek finance minister, received a standing ovation from an audience of around 600 people. On the penultimate day, Mr Corbyn himself made an appearance. “It’s not normally this interesting,” admitted one union representative. Trade unions in Britain are far less mighty than they once were. Membership has fallen from a peak of 13m in 1979 to 6m now; the number of days lost to strikes is at historic lows. Members of trade unions are older than the average worker, and the wage premium (that is, the difference in pay between unionised and non-unionised workers) has fallen from 15% in the 1990s to 5% now. Unlike American employers, who see unions as a nuisance, few British employers fear them: in the...


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EU Leaders to Hold Emergency Summit on Migration Sept. 23

European Council President Donald Tusk has summoned EU leaders to an extraordinary summit next Wednesday to discuss migration and a proposed scheme to redistribute 120,000 asylum seekers across the 28-nation bloc. European Council President Donald Tusk said in a tweet on Thursday the summit will be held from 6 p.m. CET.  The European Parliament on Thursday gave the green light to a proposal put forward by the EU Commission under which 120,000 migrants are be relocated from Greece, Italy, and Hungary to other EU member states. On Monday, EU interior ministers failed to agree on a mandatory quota scheme for distribution of migrants across Europe. Ministers are due to discuss again the quota scheme next Tuesday, a day before the EU summit. Several countries, mainly in eastern Europe, remain opposed to the plan unveiled last week by EU Commission President Jean-Claude Juncker, because it would impose mandatory quotas for the acceptance of asylum-seekers.  


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IMF to work post-vote with 'whatever' Greek government ...

Washington (AFP) - The International Monetary Fund said Thursday it would work with any Greek government resulting from Sunday's election, but was mum about its ...


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Shocking moment Macedonian police officer attacks migrant families with a baton at the GREEK border

Shocking video footage showing a Macedonian police officer beating defenceless refugees with a baton has emerged as Hungary is condemned for ...


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Sunday's not-so-scary GREEK elections

He, and most observers, expected that GREEK voters would give him credit for fighting hard for a better deal with Europe and forgive him for backing ...


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As GREEK Elections Near, Expecting More of the Same From Syriza Spinoff Party

25 May, 2014: GREEK woman casts ballot in thw 2014 electoral race in Thessaloniki GREEK woman casts ballot in the 2014 electoral race in ...


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Greece, migrants _ EU increasingly covered in scar tissue ...

BRUSSELS – Increasingly, it seems, only scar tissue keeps the European Union together. Early this year, efforts to keep Greece from going bankrupt and ...


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Turkey to Remove Refugees from Northern Border by Week’s End, Edirne Governor Says

Hundreds of refugees hoping to cross the Turkish border into Greece or Bulgaria would have to return to refugee camps in southern Turkey, the governor of Turkey’s Edirne province has said. “They have to leave here tomorrow and the day after tomorrow,”  Anadolu Agency quoted Governor Dursun Ali Sahin as saying on Thursday. Erdine province is bordering both Greece and Bulgaria. “The refugees have been misinformed about migration to European countries and so they come to Edirne. If they stay in Edirne they will try to reach Greece or Bulgaria. We cannot permit them to stay here,” the governor said. Hundreds of refugees, most of them Syrians, staged a sit-in protest at Edirne’s bus station, calling for the borders to be opened. Many refused food or water being offered by Turkish aid workers, insisting they wanted to continue into Europe, according to the Turkish news agency.  


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The energy sector shakeout is hammering Jefferies' trading business (LUK)

Jefferies' trading business is hurting.  The investment bank reported earnings of $2 million for its third quarter. That is down from $83.6 million the same period a year earlier.  The decline was largely the result of a loss in fixed income sales and trading, with the firm booking a loss of $18.2 million, versus revenues of $195.3 million in the third quarter of 2014. In a joint statement, chairman and CEO Richard Handler and and Brian P. Friedman, Chairman of the Jefferies' executive committee, called the quarter "disappointing" and pointed toward volatility coming from China as the result.  Here is what they said:  "After a solid second quarter, the third quarter’s sales and trading environment was initially slow due to concerns about a possible Greek exit from the Euro, and then became more volatile and challenging in the second half of the quarter as news of China's economic growth deceleration led to a further deterioration of trading volumes and continuing declines in global asset prices. A substantial increase in volatility affected almost every asset class globally. This significantly impacted, among other areas, the distressed side of the credit market, most notably in the energy sector.”  The letter went on to say that Jefferies had recorded losses totaling $90 million over the last nine months across more than 25 distressed energy positions. The bank cut its exposure to the distressed energy trading business by half during the period, according the letter.  Handler and Friedman said: "We believe that, with our exposures in distressed securities reduced to current levels, there should be no similar impact on our future results.” Jefferies isn't alone in feeling some pain this summer — Goldman Sachs also took a hit between $50 million and $60 million on one of its trading desk.  Fitch pointed out however in a note that the firm booked "significant mark-to-market write-downs" last year when the high yield market sold off in October.  The ratings agency said: "The reoccurrence underscores Fitch's belief that Jefferies' distressed debt market making business creates inventory concentration issues and exposes the firm to the risk of inventory write downs in times of market disruptions."   Jefferies did not respond to a request seeking comment.  Join the conversation about this story » NOW WATCH: RED EVERYWHERE: It’s a global market meltdown


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Greece's Alexis Tsipras walks political tightrope in ...

ATHENS: Alexis Tsipras was elected in January on a far-left platform, promising Greeks an end to five years of financial pain. But as prime minister ...


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Greece, migrants _ how much division can the EU take?

BRUSSELS (AP) — Increasingly, it seems, only scar tissue keeps the European Union together.


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The Syrian Refugee Who Wants to Swim to Salvation in Europe

Each morning since the start of September, when he arrived on the Turkish coast with plans of escaping to Europe, Hasan Musally, a 42-year-old welder from Syria, has come to Fener Beach to practice swimming. He starts each time by looking out at his ­destination—the northern tip of Kos, a Greek island about 6 km…


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