Eurogroup meeting ends with a proposal for Greece to agree to contingency measures that could unlock further chunks of bailout money Greece has come a step closer to unlocking more international support for its debt-ravaged economy after talks with its ...
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Friday, April 22, 2016
Greece, Creditors Move Toward Bailout Deal as Hurdles Remain (1)
(Bloomberg) -- The euro area and the International Monetary Fund signaled a deal on Greece’s next bailout installment is within reach while setting a hurdle that the Greek government may find difficult to clear. Euro-area finance ministers and IMF ...
Bulgaria, Greece, Macedonia, Albania to Cooperate in Tackling Migrant Crisis
During their meeting held in Thessaloniki on Thursday and Friday, the interior and foreign ministers of Bulgaria, Greece, Macedonia and Albania agreed that the countries from southeastern Europe will seek common decisions for tackling the migrant crisis. The ministers reached an agreement for this type of meetings to be held once every six months. In case it is necessary, the meetings might be held more often and their format might be extended. The main aim of the meeting was to enhance dialogue and extend the perspectives for further cooperation and coordination in dealing with the common challenges arising from the refugee crisis. The participants agreed that there is need to distinguish between economic immigrants and refugees. According to them, it is necessary to take swift actions for the return of illegal immigrants. They also discussed possible ways for consolidating dialogue and improving border cooperation. During the joint press conference, the ministers highlighted the need for united approach in tackling the refugee crisis both at regional and European level. Bulgarian Foreign Minister Daniel Mitov said that the agreement between the EU and Turkey is an important first step for enhancing control and consolidating the external borders of the Union. According to him, emphasis should also be put on fighting human trafficking and interrupting the illegal networks. Among the main topics of discussion in the meeting of the interior ministers was the need to improve exchange of information and step up the fight against trafficking networks. Greece is expecting the trilateral centre Bulgaria-Turkey-Greece to soon start functioning. The interior ministers discussed opportunities for better use of the contact centre between Bulgaria and Greece at the Kulata-Promachonas border checkpoint. Bulgarian Deputy Interior Minister Filip Gunev presented data according to which there were 10 000 attempts to cross the Bulgarian-Turkish border illegally in the first three months of this year. In the past three months, around 170 people have been detained on Bulgaria's border with Greece. According to the presented data, there has been 30 % decrease in the number of attempts to illegally enter into Bulgaria in the past month compared to the same period last year.
United Nations raps violence against refugees at Macedonia-Greece border
The asylum seekers have been stranded near Idomeni, Greece, since Macedonia shut its borders in February. The violence began near the border town of Idomeni, as migrants pushed multiple times to scale a border fence and cross into Macedonia, The Associated ...
Greece ETF Rising, Another Loan Hurdle Jumped?
A meeting today showed Greece and its European creditors are making progress on a contingency debt plan, though one analyst thinks it is “dubious” that the government will adopt more financial reforms this month. Teneo Intelligence Co-President and ...
As Greece awaits billions of euros from a third bailout deal, disagreement continues on how the ...
... disagreement continues on how the country is to implement the cuts demanded by international lenders. Meanwhile, the GREEK business community ...
STREAMING: Scranton singer/songwriter LittleStarRun releases ethereal single 'Wilting,' recorded ...
Penned while on the island of Crete in GREECE, the song was inspired by a dream, and the imagery and journey all take place in the world between ...
NKR Foreign Minister meets members of the Pontian Federation of Greece
… of the Pontian Federation of Greece. Karen Mirzoyan welcomed the visit … of the Pontian Federation of Greece to the NKR as a … between the PontianFederation of Greece and Artsakh, in particular, its Greek community.
Press conference at the conclusion of the Quadrilateral Meeting of Greece, Albania, Bulgaria ...
N. KOTZIAS: I would like to welcome you to this first meeting of the Ministers of Foreign Affairs and Ministers of Interior of the four neighboring countries of Greece in Southern Balkans, in Southeastern Europe. I had the pleasure to have with me at this meeting my three counterparts and the four Ministers of Interior. Our discussion was about the cooperation among the four countries, the need to combat criminal networks, negative networks, in order to develop and promote the positive, creative networks in the future.We feel the need to help towards the institutional development of our countries and ensure...
Eurozone raises pressure for Greek reform deal
AMSTERDAM: Eurozone finance ministers raised the pressure on Greece to deliver a fresh set of reforms on Friday, handing Athens a final hurdle to unlock cash from its massive bailout and secure debt relief. Eurogroup head Jeroen Dijsselbloem said a deal to ...
GREEK Theatre Group Brings Euripides' 'Andromache' to Montclair State
This week, however, the Montclair State University GREEK Theatre Group is shedding light on what can happen to those at the margins during wartime ...
Greek festival delivers, with a little help from Chef Shuttle
This year, the Memphis Greek Festival will come to you, thanks to a restaurant delivery service. Chef Shuttle, which entered the Memphis market in March 2015, will offer home and office deliveries of the festival's signature foods. “We are excited to be ...
Turkey-Greece migrant flow picks up again
REUTERS/Yannis BehrakisSyrian refugee holds onto his children as he struggles to walk off a dinghy on the Greek island of Lesbos, after crossing a part of the Aegean Sea from Turkey to Lesbos September 24, 2015. More than 180.000 migrants and refuges ...
‘Be cheerful, live your life:’ Ancient mosaic ‘meme’ found in Turkey’s south
What could be considered an ancient motivational meme which reads “be cheerful, live your life” in ancient Greek has been discovered on a centuries-old mosaic found during excavation works in the southern province of Hatay
Syrian refugee named torchbearer in Greek leg of Rio relay
ATHENS, Greece (AP) — A Syrian refugee who had part of a leg amputated after a bombing will be one of the torchbearers for the Greek leg of the Rio de Janeiro Olympic flame relay.
TAIPED Director Meets With Global Representatives
The Director of the Hellenic Republic Asset Development Fund (TAIPED), Stergios Pitsiorlas, met with 29 representatives from 24 foreign embassies and offices in Greece on Friday April 22. The informative meeting took place after an initiative by the Canadian Embassy, and pertained to the Greek program of privatization, during which they presented its results
Eurogroup: progress but no GREEK reform deal yet
Eurozone finance ministers meeting in Amsterdam say there has been progress on a deal between Greece and its lenders but there is still some way ...
GREECE says cannot legislate contingent measures, working on fiscal gap solution
ATHENS, April 22 (Reuters) - GREECE is working with its foreign lenders for a way to plug an estimated 2 percent fiscal gap because it could not ...
Eurozone edges closer to deal over GREECE
After months of wrangling, Eurozone finance ministers have claimed a breakthrough in negotiating the next stage of GREECE'S economic bailout, ...
Lenders press GREECE to adopt conditional laws
GREECE and its international lenders will spend the coming days negotiating a set of policy measures that will be automatically triggered if Athens' ...
Why Queen Elizabeth II Has Never Visited GREECE
queen-elizabeth-ii-prince-philip-2011 Queen Elizabeth II has made official visits to 120 countries but has never visited GREECE, homeland of her ...
European press round up: Obama taking sides in UK referendum campaign
US President Obama’s call upon the UK to stay in the European Union has been broadly commented upon, while visa-free travel for Ukrainians and Turks, the Schengen area and the Greek debt were also in the top list of European media. In an article that was published in the British “Daily Telegraph” Frankfurter Allgemeine Zeitung […]
IMF Chief Says No Need in 'Haircut' of Greek Debt
… that a thorough analysis of Greece's debt would lead … possible re-profiling of the debt. Greece's international creditors, including … cuts and tax hikes. The Greek economy has been severely strained …
NATO Chief Praises Greek Efforts in Solving Refugee Crisis
… Friday, Stoltenberg held meetings with Greek President Prokopios Pavlopoulos, Prime Minister … the Aegean from Turkey to Greece. We are helping counter criminal … to curb illegal migration after Greece, Germany and Turkey requested Alliance …
Jumbo pulls Greek Easter TV ad after sexism protests
Advertisers for Greece’s biggest toy retailer Jumbo … month, featured a popular female Greek singer carrying a red-painted egg … saying the advertisement was humorous. Greece’s general secretariat for gender …
IMF boss Lagarde reacts coolly to latest Greek deficit figures
… target for belt-tightening. Figures from Greece's statistical authority had … chief Reacting to the latest Greek data, Paul de Grawe, a … . According to the Washington-based lender, Greece only managed to hit its …
Radisson Blu Beach Resort Milatos Crete Opens
… , Milatos Crete, set on the gorgeous north coast of Greece’s largest … Greece. Located on the northern seaside of the largest and mythical Greek island, Crete, the Radisson Blu Beach Resort, Milatos Crete is …
No deal between Greece and lenders delaying vital debt relief talks
… assumptions among the lenders on Greek growth and fiscal performance over … said differences over reforms in Greece have narrowed substantially in the … euros. The IMF believes that Greece should not raise taxes further …
Greece bailout talks make 'progress'
… an agreement on measures that Greece would automatically take if it … bailout its participation in monitoring Greek policy is important to Mr … . Without the next bailout instalment Greece would struggle to make that …
UPDATE 2-Lenders ask Greece to prepare contingency package of extra reforms
* Greece, lenders close to deal on reforms to produce 3 pct/GDP savings * Lenders ask Greece to prepare contingency reforms for savings of 2 pct/GDP * Greek debt relief to be discussed now, could be triggered later (Recasts with Eurogroup news conference ...
British Air Adds Greece Flights
British Airways is adding flights from London to Kalamata as well as Chania, Crete and more for the popular islands of Corfu and Santorini.
Greek Easter Egg Ad Banned
Greece’s ad watchdog told a children's store to withdraw an ad showing a woman holding red Easter egg wanting it to be "hit like a man."
Greece Says Refugee Flow Slows
The numbers of refugees entering Greece have fallen dramatically since Europe closed its doors to them, Prime Minister Alexis Tsipras said.
World Press View: Another Greek Reform Deadline Missed Badly
Greece missed its own April 22 deadline for reaching a deal with international creditors as talks over terms of a third bailout have stalled.
(BPRW) Winners of the “Drive It Home Trash-Off Greek and Club Recycling Challenge” announced on Earth Day 2016
(Black PR Wire) Winners of the 2016 Drive It Home Trash-Off Greek and Club Recycling Challenge have been announced as part of the Earth Day 2016 celebrations. The Florida Department of Transportation’s (FDOT) Drive It Home team partnered with The Coca ...
Greek retailer pulls Easter TV ad after protests over sexism
ATHENS: Advertisers for Greece's biggest toy retailer Jumbo have pulled an Easter TV advertisement after criticism by human rights activists and social media comments that it was discriminatory against women. The commercial, which became a viral media ...
Greece fails to reach a deal with its creditors
There will be no deal between Greece and its lenders on Friday that would unlock loans and enable vital debt relief talks, despite some progress on the reforms Athens must implement in exchange, euro zone and IMF officials said on Friday. "Don't expect any ...
Greek PM Criticizes Turkey Over Aegean Violations
Greek Prime Minister Alexis Tsipras criticized neighboring Turkey for preventing a NATO force in the Aegean Sea from expanding its activities further south along the two countries' borders as a part of its deployment to help tackle the refugee crisis
GREEK yields fall as Eurogroup says looking at debt relief measures
LONDON, April 22 GREEK bond yields fell on Friday after the head of euro zone finance ministers said the Eurogroup was looking at a package of debt ...
MarketsGreek bonds bounce on review 'breakthrough'
The GREEK 2-year yield has dropped 79 basis points today to 10.29 per cent, Last year it hit a high of 57.55 per cent. The 10-year yield is down ...
Low prices, a difficulty for GREEK potato producers
GREEK potato producers, who have the capacity to grow the crop almost all year round thanks to the country's favourable climatic conditions, are ...
GREEK Creditors Signal Bailout Progress to Allow Debt Discussion
GREEK negotiators have been locked in talks with euro-area and IMF officials for months to agree on austerity measures needed to release loans, with ...
Greece Must Legislate Contingency Measures, says Eurogroup Chief
Greece must legislate a package of contingency measures to guarantee it will reach the 2018 fiscal targets, said Eurogroup President Jeroen Dijsselbloem on Friday. The Dutch finance minister spoke to reporters after the meeting with his euro zone peers in Amsterdam. He also said that the preparation of the measures is a prerequisite for the
Eurozone Finance Ministers Say GREECE Must Prepare Contingency Austerity Measures
AMSTERDAM—Eurozone finance ministers agreed Friday that GREECE will have to prepare extra austerity measures to be implemented if it fails to ...
Time for Debt Reduction in GREECE
WASHINGTON, DC – Once again, GREECE is at an inflection point. With its cash balances severely stressed, it seems unlikely to be able to pay the ...
Bulgarian – Greek border blockade ‘will lose tourist industry 50 million euro’
If the blockade of the Bulgarian – Greek border planned by Bulgarian lorry drivers over the Orthodox Easter holidays goes ahead, the tourism industry will lose about 100 million leva (about 50 million euro), the head of the Association of Bulgarian Tour ...
Syrian to carry Olympic flame through Greek refugee camp
[An actress lights the Olympic flame at the Temple of Hera in ancient Olympia, Greece, on April 21, 2016]A Syrian athlete who lost his leg in a bombing and who found refuge from war in Greece will carry the Olympic flame through an Athens refugee camp, the UN refugee agency said Friday.
Greece still negotiating bailout plans
This has been the Pacers’ problem all season long. When they feel comfortable, they play like garbage. Get a big lead, play like garbage. Seize homecourt advantage as a seven seed against a two seed, play like garbage. More >> This has been the …
Greece and Creditors Make Progress on Differences
AMSTERDAM—Greece and its creditors made a … . Eurozone finance ministers agreed that Greece will have to prepare extra …
Turkish demands obstructing refugee mission in Aegean: Greece
NATO sent its ships into Greek and Turkish waters in the … access in the region. "Greece will undertake every effort so … the Aegean from Turkey to Greece," Stoltenberg said. "We …