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Tuesday, January 26, 2016

Blame the ‘Troika effect’ for Greece’s downturn in 2015

In his end-of-2015 missive, Holger Schmieding of the Hamburg investment bank Berenberg warned his firm’s clients that what they should be worrying about now is political risk. To illustrate, he posted the diagram (right), showing how business confidence ...


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General strike on February 4 for social security bill

Athens, January 26, 2015/Independent Balkan News Agency By Olga Mavrou All unions in Greece decided for a general strike in private and public sector  –even policemen will be on strike, but a day later, on the 5th. Firemen and coast guard will also be on  strike. The union of workers and employees in the Public Electricity Corporation […]


READ THE ORIGINAL POST AT www.balkaneu.com

ISIS have created an entire fake passport 'industry' with stolen documents

The French interior minister Bernard Cazeneuve made the claim as he argued for the creation of a special task force to travel to Greece to help clamp down on stolen or fake passports.


READ THE ORIGINAL POST AT www.dailymail.co.uk

Five dead as refugees boat sinks off Turkey

Another five refugees have drowned in waters off Turkey while trying to reach GREECE in the latest boat accident involving asylum seekers, reports say.


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Danish parliament approves plan to seize assets from refugees

New law allows police to search asylum seekers to secure cash and valuables, as European leaders continue to call for sealing of Balkan borders European states have reacted in some of the most drastic ways yet to the continent’s biggest migration crisis since the second world war, with Denmark enacting a law that allows police to seize refugees’ assets. The vote in the Danish parliament on Tuesday, which followed similar moves in Switzerland and southern Germany, came as central European leaders amplified calls to seal the borders of the Balkans, a move that would risk trapping thousands of asylum seekers in Greece. Continue reading...


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News24.com

… travelling onwards to northern Europe. Greece has been the main gateway … people stranded there, Athens daily Kathimerini said. The UN refugee agency … Greek representative, Petros Mastakas, following a meeting with mayors in northern Greece. Greece …


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GREEK market opens with losses

Athens Stock Exchange opens with losses on Tuesday, reflecting the negative climate in the markets, as European and Asian indexes have plunged.


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Liberty Park students study culture during GREEK Day

Liberty Park Middle School students, from left, Catherine Whitcomb, Ella Denton, Abbie Richenderfer and Audrey Richards, participate in GREEK Day.


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IOM Records Over 45000 Refugee Arrivals to GREECE by Sea in 2016

Since the beginning of 2016, the International Organization for Migration (IOM) estimates that 45,361 migrants and refugees have arrived in GREECE by ...


READ THE ORIGINAL POST AT sputniknews.com

3 months after opening, Maines store in GREECE to close

According to a press release posted on the company's website, the GREECE location, as well as a Maines Food & Party Warehouse store in Ithaca, will ...


READ THE ORIGINAL POST AT www.democratandchronicle.com

Czech, Slovak PMs the latest to slam Greece on migrant crisis

[Migrants and refugees line up to receive food as they wait to cross the border from Greece to Macedonia near Idomeni, on January 21, 2016]The Czech Republic and Slovakia on Tuesday criticised Greece's handling of the migrant crisis and urged the fellow EU member to tighten its borders with Bulgaria and Macedonia to staunch the influx of people.


READ THE ORIGINAL POST AT uk.news.yahoo.com

Opinion: EU levels empty Schengen threat at Greece

The EU's current plan is to protect external borders and, if necessary, expel Greece - not from the eurozone, but from the Schengen Area. That will not keep people from moving to Europe, DW's Bernd Riegert writes. German officials see the strengthening of ...


READ THE ORIGINAL POST AT www.dw.com

Greece pension reform debate begins

Greece is scheduled to launch parliamentary discussions on pension reforms that are a condition for the indebted country to receive more international aid. Farmers vowed to step up protests, nurses took to the streets and sailors prepared to strike as ...


READ THE ORIGINAL POST AT www.sbs.com.au

Clock ticks down on EU passport free travel dream

With more than 1 million people streaming into the European Union hoping for sanctuary or jobs, nations have erected fences, deployed troops and tightened border controls. "What we have worked for, for so many years, we are seeing it crumbling now in front of us," Roberta Metsola, a leading EU lawmaker on migration, told The Associated Press on Tuesday. The legal options for countries like Germany, Austria and Sweden to impose ID checks on everyone who enters, including Europeans, begin to run out. Some 850,000 people arrived there last year, many to the Greek islands after a short but often treacherous sea journey in smugglers' boats from Turkey. Managing the country's vast maritime border would challenge even an experienced government with a fully equipped public service.


READ THE ORIGINAL POST AT www.sfgate.com

Line Cook with Greek Specialty

Responsible for preparing assigned specialty Greek food items as well as regular menu items during kitchen hours of operation. Expected to know every recipe involved in the station. Must follow recipes and portion control guidelines. Responsible for ...


READ THE ORIGINAL POST AT www.workopolis.com

Recipe: GREEK pastitsio with eggplant

GREEK pastitsio – a layered assemblage of pasta, darkly spiced meats cooked into a brawny filling, and a kefalotyri-and-egg enriched béchamel ...


READ THE ORIGINAL POST AT www.theglobeandmail.com

Nounós Creamery makes GREEK yogurt the old-fashioned way in West Babylon

GREEK yogurt from Nounos Creamery in West Babylon is made the traditional way, and packaged with small-batch preserves. (Credit: GREEK yogurt ...


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Zeta Phi Beta hosts Little Miss GREEK Pageant

The Little Miss GREEK court includes, from left, Diamond Boykins, CharMaya Anisha Parks, Little Miss GREEK Jayla Johnson, Naomi Wylie Jimenez and ...


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Refugee crisis: It’s the panic, you idiot

Athens, January 26, 2015/Independent Balkan News Agency By Olga Mavrou The refugee crisis in Europe has led many politicians to propose laws or reforms that would sound like a joke if people were not drowning every day in their effort to reach a wealthy but xenophobic Europe. When Greeks hear those silly proposals get some kind of […]


READ THE ORIGINAL POST AT www.balkaneu.com

Many countries support their shipping industry, but ask Greeks not to do the same

Athens, January 26, 2015/Independent Balkan News Agency “Greek shipping was and will be first in the world’s arena” said the president of Greek Shipowners Association Theodoros Veniamis in his opening of the  2nd Shipping Congress of “Naftemporiki” newspaper. Veniamis said that it is a huge hypocrisy the European to condemn the Greek tax system which they […]


READ THE ORIGINAL POST AT www.balkaneu.com

More than 1,200 boat migrants rescued off Libya on Tuesday

Italy's coast guard said on Tuesday it had coordinated the rescue of 1,271 migrants from rubber and wooden boats in several operations off the coast of Libya. Italy was long at the frontier of sea-borne migration from North Africa, but most of the hundreds of thousands of people arriving in Europe on rickety boats last year took a less risky route to Greece. Vessels from the Italian navy and coast guard and a Slovenian military ship working as part of the European Union naval operation Eunavfor Med conducted the rescues.


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Two-day strike at GREEK ports starts tomorrow

Inchcape Shipping Services has warned of a new 48-hour strike in Greece starting tomorrow which is expected to affect the routes of domestic and ...


READ THE ORIGINAL POST AT splash247.com

People Want GREEK Islanders To Win 2016 Nobel Peace Prize

An online petition to acknowledge the work of GREEK citizens during ongoing migrant crisis may result in an actual Nobel Peace Prize nomination.


READ THE ORIGINAL POST AT www.carbonated.tv

GREEK ports face second 48-hour strike

GREEK ports will be brought to a standstill by a 48-hour strike tomorrow, the second two day walkout in two weeks. The strike, to protest planned ...


READ THE ORIGINAL POST AT www.joc.com

The Latest: Turkey find 4 more bodies of drowned migrants

[A migrant girl tries to warm herself as she disembarks a boat at Lesbos Island, Greece, Monday, Jan. 25, 2016. More than 850,000 people, most fleeing conflict in Syria and Afghanistan, entered Greece by sea in 2015, according to the UNHCR, and already in 2016, some 35,455 people have arrived despite plunging winter temperatures. (AP Photo/Mstyslav Chernov)]BRATISLAVA, Slovakia (AP) — The Latest on Europe's immigration crisis (all times local):


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Italy's bad banks and highest debt after GREECE

First, the EC wants to minimize state support for banks, and especially in Italy, which has the highest debt in EMU after GREECE. Second new rules went ...


READ THE ORIGINAL POST AT www.fxstreet.com

Migrants stay, or isolation awaits - European Union to Greece

More than 1 million migrants and refugees reached Europe a year ago, straining local resources and creating tensions between European countries. The EU can not agree on how on how to fund the €3bn promised to the Turks to halt or slow migrant flows to ...


READ THE ORIGINAL POST AT abruzzo.tv

Greek PM Tsipras says pension reform difficult but must go ahead

ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras defended plans to reform the country's pension system on Tuesday, saying it was a difficult but necessary plan to prevent the system from imploding. "Present and future projections leave no room for complacency," Tsipras said in a speech to parliament. "To pay pensions in 2016, the social security system - apart from contributions and state funding - will need to find additional funds of 980 million euros," he said. "We are choosing a difficult path, rather than this dead end." (Reporting By Renee Maltezou, writing by Michele Kambas)


READ THE ORIGINAL POST AT uk.news.yahoo.com

MORNING BID EUROPE-Pension test for GREECE

LONDON, Jan 26 (Reuters) - GREECE launches a parliament debate on a reform of its heavily indebted pension system today, the opening salvo of ...


READ THE ORIGINAL POST AT news.trust.org

Syrian refugees arriving in GREECE on their way to Germany

LEROS, GREECE—On a grey afternoon on an island off the western coast of Turkey, 23-year-old Hussein sat on a bench gazing out at the sea he had ...


READ THE ORIGINAL POST AT fusion.net

GREECE angered by threat of migrants threat

Athens - GREECE pushed back on Tuesday at a Belgian proposal that Athens should set up camps for hundreds of thousands of migrants on its soil, ...


READ THE ORIGINAL POST AT www.news24.com

[Opinion] Old friends? Palestine, Cyprus, and GREECE

Built on common experience, long-term interests and moral principles, Palestine's relationship with Cyprus and GREECE goes back a long way.


READ THE ORIGINAL POST AT euobserver.com

Growing Greek community challenges stereotypes

Wednesdays are known as “Jersey Day” for those affiliated with a Greek organization on campus. Greeks wear their letters representing their respective fraternity or sorority. While wearing the letters, members, such as Sigma Sigma Sigma sophomore ...


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Excavation Reveals Significant Statuettes at Archaeological Site of Aptera

A very important find was unearthed at the archaeological site of Aptera, Chania on Crete, Greece. Two small sized sculptures (approx 0.54cm height), one of Artemis made of copper and a second of her brother Apollo made of marble. The statue of Artemis, guardian goddess of Aptera, is in excellent condition and was standing on


READ THE ORIGINAL POST AT greece.greekreporter.com

Greece Faces Fiscal Gap for 2016

Greece’s parliamentary budget office warns in its quarterly report of the appearance of a fiscal gap for 2016, thereby sending shivers down the spine of government officials who are trying to convince badly battered citizens that recovery is on its way. In the same report the government is taken to task for implementing the same


READ THE ORIGINAL POST AT greece.greekreporter.com

Tech Companies Team Up to Scan and Preserve Ancient Greek Artifacts

Tech companies Threeding and Artec have teamed up in order to participate in the preservation efforts of ancient Greek artifacts. The two companies will be digitizing certain artifacts in 3D form and adding the finished result to their online platform. Their work will revolutionize the museum archiving field and will facilitate the historical preservation process.


READ THE ORIGINAL POST AT greece.greekreporter.com

Greek Farmers Vow to Intensify their Protests

In an expected move, the majority of Greece’s farmers have said they will intensify their protests against the government, thereby closing the door on further discussions. Farmers have been blocking major roads for several days, causing considerable ...


READ THE ORIGINAL POST AT greece.greekreporter.com

GREEK Tanker Owner Asked About Iran Oil as Europe Awaits Influx

A GREEK oil-tanker owner was asked about transporting Iranian crude, a shipment that's only just become permissible following an easing of sanctions ...


READ THE ORIGINAL POST AT www.bloomberg.com

GREECE worried by isolation over migrants

GREECE has pushed back at a Belgian proposal that Athens should set up camps for hundreds of thousands of migrants on its soil, amid concerns that ...


READ THE ORIGINAL POST AT www.heraldsun.com.au

Alternate FM Xydakis meets with Canadian Ambassador Keith Morril (Foreign Ministry, 26 January ...

The Alternate Foreign Minister for European Affairs, Nikos Xydakis, met at the Foreign Ministry today with the Canadian Ambassador to Greece, Keith Morril.During the discussion, which took place in a very friendly atmosphere, the collocutors exchanged views on the general crisis of values in Europe, the EU institutions and cooperation amongst them, and on the need to maintain the unity of the European structure.Reference was also made to the refugee and migration crisis.


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IOC President Heads to Greece

The Foundation for Global Sports Development to Receive Childhelp Hero Award (01/22/16) The Foundation for Global Sports Development to Receive Childhelp Hero Award (01/22/16)


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Mark Carney warns Brexit adds to UK current account risks

Bank of England governor says “certain developments” could mean UK assets are seen as riskier, as EU referendum approaches * Summary: Treasury committee grills Carney * Full story: Carney could do eight years at the BoE * Full story: Andrew Bailey is new City watchdog chief * Chinese stock market slumped 6% today * But European markets are recovering 4.06pm GMT THE RECOVERY IN THE OIL PRICE HAS GIVEN A BOOST TO STOCK MARKETS AND FOLLOWS HOPES THAT OPEC WOULD BE WILLING TO CUT PRODUCTION IF NON-MEMBER COUNTRIES - NOTABLY RUSSIA - ALSO AGREE TO REDUCE SUPPLY. Iraqui oil minister Adel Abdel Mahdi said he saw some flexibility for a deal with rival producers, and as a consequence, Brent crude is now up 2.9% at $31.38. But given the recent volatility, the gains may not last long. Chris Beauchamp, senior market analyst at online trading group IG, said: As oil goes, so goes the rest of the market. Yesterday a rapid decline in crude paved the way for stock markets to give up their gains, but today the price of black gold is on the up again, with the reliable market rumour of production cuts providing the foundation for both Brent and WTI to move back above $31 a barrel. At this point, a decision between Opec and non-Opec members to cut production is not the important element; the key point is such talk allows the price to move upwards to a position where bears can hit the ‘sell’ button once again. 4.00pm GMT MORE PROTESTS IN GREECE. Helena Smith reports: Unionists representing Greece’s 35,000-strong nurses’ federation have been protesting outside the finance ministry in the latest display of fury over the leftist-led government’s draft proposals overhauling the pension system. Nurses, who have been hard hit by austerity, starting with relentless rounds of wage cuts, have become increasingly vociferous in recent months. Many turned up in surgery outfits. The country’s union of civil servants (ADEDY) will stage a much bigger protest rally and march this evening to coincide with an extraordinary debate in parliament over the proposed measures. It will be the first time that prime minister Alexis Tsipras clashes in the 300-seat House with Kyriakos Mitsotakis, the newly-elected leader of New Democracy, the centre right main opposition party. The Harvard-educated erswhile banker, among the biggest champions of reform in Greece, has recently been leading polls. Odysseus Trivalas, who heads ADEDY, told me: “Without any prospect of growth or reduction in unemployment the proposed pension reforms are unsustainable. The government keeps saying without these measures the system will collapse but we argue that with contributions so low and unemployment so high it will collapse anyway if the government does not provide extra funding through the budget.” “The funds should have been strengthened with all that money that was initially earmarked for the recapitalisation of banks. They didn’t listen to us and now they will pay the price because these protests are not going to end soon.” Forecasts that Greek banks would need as much as €25bn to withstand possible shocks proved to be vastly over-inflated when it was estimated in November that recapitalisation needs would not exceed more than €5.7bn. Continue reading...


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Greece will have borders effectively sealed off from rest of continent in plans to halt migrant flow

Greece will have its borders effectively sealed off from the rest of the continent under plans to tackle the migrant crisis, proposed by European leaders Monday night. The European Commission will consider plans that would see the edge of the Schengen ...


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Greek National Theater Play Uses Passages from Terrorist’s Book

The play “The Balance of Nash” staged at the Experimental Stage of the National Theater of Greece has created a controversy as it uses passages from a book by jailed terrorist Savvas Xeros. According to the press release, writer and director of the ...


READ THE ORIGINAL POST AT greece.greekreporter.com

John Paulson Puts Up Personal Holdings To Continue Longs In Greece, Puerto Rico & Mallinckrodt?

John Paulson's hedge fund, Paulson & Co., entered into a few risky investments that didn't pay off, as noted by ZeroHedge, which resulted in heavy losses and many investors fleeing the fund. Paulson invested millions of dollars into Greece in hopes that ...


READ THE ORIGINAL POST AT www.benzinga.com

Greek Government Accuses EU Officials of Lies Over Refugee Crisis

The Greek government tore into European governments with allegations that the country is not doing its part in protecting Europe from the inflow of refugees and migrants. And rightly so. EU’s “big and unfair blame game against Greece,” to use Greek ...


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Greek islanders to be nominated for Nobel Prize for helping refugees

… 17/30 21 January 2016 Greek engineers wearing their protective helmets … planned pension reforms in Athens, Greece 18/30 21 January 2016 …


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Commission mismanaged bailouts: EU auditors

The EU’s accounting watchdog blasted the European Commission for its “weak management” of the financial crisis in a report issued Tuesday into five of the eight bailouts in the European debt crisis, including Ireland and Portugal. The report by the European Court of Auditors into the bailouts of non-eurozone states Hungary, Romania and Latvia (which has since joined the single currency), and eurozone members Ireland and Portugal, found the Commission had overestimated the strength of public budgets and failed to warn EU leaders of growing fiscal imbalances prior to the crisis. It also criticized the management of early bailout funds, saying the Commission did not apply similar conditions to countries in comparable economic situations. “When comparing countries with similar structural weaknesses, it was found that the required reforms were not always in proportion to the problems faced or that they pursued widely different paths,” said the report. The Court of Auditors’ report is one of the first to examine the Commission’s role in assisting member countries, via programs managed by the European Central Bank and IMF. Greece and Cyprus also received sovereign bailouts, which will be the subject of separate reports, and Spain received assistance for its banking system. Among the more damning conclusions of the report is that the Commission lacked “key documents” when implementing bailout programs and that calculations underpinning the Commission’s recommendations were not rigorously checked. The Commission’s spokesperson for economic and financial affairs, Annika Breidthardt, said Tuesday that while the report’s findings were being taken seriously, the bailout programs had clearly met their objectives. “Some of these countries have the highest growth rates in Europe,” said Breidthardt, referring to countries like Ireland that received bailouts and are now on the road to economic recovery. “The Commission accepts that there were weaknesses in the management of these early programs,” she said, in response to a question about poor record-keeping. “The financial crisis was something that developed very quickly and needed very quick responses.” The Commission also said that the report did not take “complex institutional settings” into account, in a written response. It said the role of the EU Council, the IMF, ECB and national governments in implementing bailouts was played down.


READ THE ORIGINAL POST AT www.politico.eu

Thousands of migrants saved amid fresh tragedy in Aegean

At least five migrants were found dead off Turkey’s western coast on Jan. 26 after their boat capsized as they were trying to reach the Greek coast


READ THE ORIGINAL POST AT www.hurriyetdailynews.com

Cash-strapped GREEKS hurt Turkish economy

The economic crisis in Greece is also turning out to be bad news for a small Turkish seaside town located not far from a GREEK island in the Aegean ...


READ THE ORIGINAL POST AT www.dailysabah.com