How the world sees Greece
Eldorado is awaiting a license for the mine in Halkidiki, a forested area in northern Greece, to determine whether to re-start construction. After years of confrontation with the government over environmental concerns, Vancouver-based Eldorado halted ...
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| READ THE ORIGINAL POST AT uk.reuters.com |
Services were disrupted in Greece on Friday as workers walked off the job at the start of a three-day general strike protesting over new bailout austerity measures they say will further reduce incomes. Several thousand demonstrators gathered in Athens for ...
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| READ THE ORIGINAL POST AT www.scotsman.com |
Greek riot police fired teargas against austerity protesters when they gathered outside the offices of governing party SYRIZA in Thessaloniki at Friday noon. Unionists and members of leftist parties gathered outside the SYRIZA office holding banners and chanting slogans. At one point, protesters tried to enter the offices and riot […]
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| READ THE ORIGINAL POST AT www.keeptalkinggreece.com |
Just a couple of days before another crucial Eurogroup meeting on Greece, the Managing Director of the International Monetary Fund, Christine Lagarde sent a letter to all 19 eurozone finance ministers asking them to begin talks on Greek Debt Relief “immediately, or risk losing IMF participation on the Greek program. […]
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In this edition of Europe Weekly: The EU stands ready to give Turkey visa-free travel, warnings of “high risk” for the EU and Eurozone economy in 2016, farewell to the 500 Euro banknote and the Charlemagne prize goes to Pope Francis for his contribution …
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| READ THE ORIGINAL POST AT world.einnews.com |
Video: Greece strikes ahead of key reform … The pressure builds on the Greek parliament to pass a package … Monday. As David Pollard reports, Greek unions are starting a two-day …
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… outside of Greece. “Worlds Apart” is the highest grossing Greek film since 2009, surpassing box office numbers in Greece for … Greek cinema, and our filmmakers benefit from the bridging effect between Greece …
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| READ THE ORIGINAL POST AT world.einnews.com |
The comedy sequel will walk down Blu-ray's aisle next month. In an early announcement to retailers, Universal will be releasing 'My Big Fat Greek Wedding 2' on Blu-ray on June 21. Written by Academy Award®-nominee Nia Vardalos (My Big Fat Greek Wedding ...
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Fraternities make headlines multiple times a year in cases of alleged sexual assault and harassment, but, in light of such an incident that occurred ...
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| READ THE ORIGINAL POST AT www.clarionledger.com |
SPORTING allegiances will be tested when the Socceroos take on GREECE in Melbourne next month. With Melbourne home to the biggest Greek ...
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| READ THE ORIGINAL POST AT www.heraldsun.com.au |
With Greece struggling to manage 54,000 refugees and migrants stuck in the country, a German agency said it will pay for a reception center.
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
Russian President Vladimir Putin is expected to visit Greece on May 28 to and secure revival of the IGI Poseidon pipeline to send gas to Italy.
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
None have worked, but Greek labor unions and workers went out on a three-day strike on May 6 to protest more crushing austerity measures.
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
In an interview with TNH, former Presidential candidate Michael Dukakis discussed a variety of issues about Greece and Presidential politics.
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President Barack Obama will name US Ambassador in Ukraine Geoffrey Pyat the next US Ambassador to Greece, not leaving the slot open.
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
BUDAPEST— Thousands of migrants have continued to travel through Hungary on their way toward western Europe, despite fences, border closures and the European Union’s deal with Turkey to stop sea crossings to Greece. Hungarian authorities have briefly detained nearly 11,000 people this year for breaching the razor-wire barriers on its borders with Serbia and Croatia […]
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
ATHENS — Greek workers walked off the job on Friday, heeding a call by the country’s labor unions to join a three-day general strike to protest a new round of austerity measures including new pension cuts and tax increases. The strike came as Greek ...
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| READ THE ORIGINAL POST AT mobile.nytimes.com |
[tourists rome] Investors are turning into tourists, and just like the worst of tourists, they're stomping over the locals. According to Luke Hickmore of Aberdeen Investments, tourists are defined by two things: unfamiliarity and a short-term stay. We have highlighted the need for investors to try out different asset classes because of low yields, but crowding isn't the issue for Hickmore — it's how long these investors stick around. "It's a bit like the old game of a brick and an elastic band — you can stretch it so far before it hits you in the face," Hickmore, whose firm manages $428 billion in assets, told Business Insider this week. "It's the same, if you're pushed out of your natural comfort zone into riskier assets in terms of volatility, but it looks OK for now. As soon as your market you've come out of settles down and gives you returns that you normally expect, you'll go straight back." This sort of movement will disrupt the markets in which these "tourist" investors rush in and out of. Additionally, much like a tourist in an unfamiliar city, these investors aren't fully comfortable or familiar with the risks, and particularly the volatility, of the assets they're taking on to get the yield. "They're a tourist in the sense that they are there [in riskier assets] temporarily, but they are also tourists because they also don't really get what's happening," Hickmore told Business Insider. This can affect both corporate behavior, as these investors demand more shareholder returns, and volatility in the market. The biggest fear, Hickmore said, is that these tourists could be left stranded in a foreign asset class. "Where is your safe haven?" Hickmore said. "If there is an economic or market shock, where do you go?" In this scenario, these investors have reallocated their portfolio toward more risk, and some sort of market or economic downturn hurts them more than if they had continued a typical allocation. Hickmore doesn't think market tourism is going away anytime soon, because the pricing of many "safer" assets doesn't allow investors to get the returns they want or need. So while they're not taking pictures or looking over a map, the market tourists may be sticking around for some time. SEE ALSO: COMPANIES ARE PLAYING IT SAFE, AND IT’S KILLING THE ECONOMY Join the conversation about this story » NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy
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| READ THE ORIGINAL POST AT www.businessinsider.com |
[uber driver car] Hedge funds are getting hit by a double whammy of declining performance and fed-up investors pulling their money. While the first problem may be a function of short-term market troubles, the second problem may be the result of a structural shift, according to some investors. "You've seem some of the California pensions, some New York pensions, and even today MetLife said they are walking out of a $1.8 billion hedge fund allocation," Michael Gregory, chief investment officer at Highland Alternative Investors, a division of the firm Highland Capital Management, told Business Insider on Thursday. Part of this is related to the fact that funds are losing money, but Gregory and Mark Okada, Highland's cofounder and chief investment officer, say a shift is taking place that is about more than just performance. It comes down to two things: fees and flexibility. Gregory highlighted the impact of fees on investors' decisions. "If you're a [low volatility] equity fund and you're generating mid- to high-single digits but charging 2% base fee and 20% carry, for a pension that's not very attractive," Gregory said. Instead of paying high fees for a hedge fund, some individual and institutional investors are turning to liquid alternatives funds. Liquid alt funds are similar to hedge funds in the sense that they try to outperform the broader market using strategies such as shorting and leverage, but they charge much lower fees and allow investors to move money in and out of the fund on a daily basis. [Screen Shot 2016 05 06 at 8.13.26 AM]Traditional hedge funds usually have so-called lock-up periods that force investors to wait before withdrawing money. Combine the lower fees with this flexibility, and liquid alts can look like an enticing option. "I see liquid alts disrupting the hedge fund industry over the next 15 years," Okada said. These strategies doubled assets from 2010 to 2014 but faced some outflows last year. Still, liquid alt funds outperformed hedge funds in 2015, according to Goldman Sachs. "We've been slowly spending a lot of time in this area," Okada said, "and it's a lot of hard work to educate investors, to have the right products, to get the risk management right, to get the distribution right, but you can have a transparent, low fee, daily liquidity mousetrap. "If you can do that, and there are a lot of ifs, why you would ever go into a hedge fund vehicle?" Gregory did suggest that there was a time and a place for hedge funds, saying that sometimes a fund with a longer time horizon can work. "We think that extrapolation of short periods and indicting the whole hedge fund industry is a bad move," Gregory said. Okada, however, summed up the shift using a comparison to another high-profile, and successful, disrupter. "I think this is disruptive, just like Uber is disruptive to cab drivers," he said. "I think it is very disruptive, and the establishment is pushing back." SEE ALSO: THE HOTTEST INVESTMENT PRODUCT IS GOING TO MAKE MUTUAL FUNDS EXTINCT Join the conversation about this story » NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy
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The jobs report came in pretty mixed on Friday. The total number of jobs added was disappointing, though wage growth was strong. There is one other piece of strong news coming out of the report: more people are quitting their job. "More quits. People are telling employers to put up or shut up," said Neil Dutta of Renaissance Macro. "Job leavers as a percent of unemployment hit a cycle high of 10.8%. Job switching --> wage growth." Essentially what Dutta is getting at is that workers typically don't voluntarily quit their jobs unless they feel good about securing other employment. Additionally, Dutta's read-through (he called the number "the best news in the jobs report"), is that many people look for better employment through higher wages, so as quits increase so too will worker pay. For a labor market that is getting closer and closer to full employment, the expectation is that headline jobs growth will slow since there is a smaller pool of workers to draw from. The focus then shifts to wage growth, as wages continue to lag and labor's share of corporate income is still low. Thus, Dutta thinks this is a good sign. [job leavers COTD] SEE ALSO: THIS IS THE JOBS REPORT WE'VE BEEN WAITING FOR Join the conversation about this story » NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy
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He became a citizen, traveled to GREECE to compete in the shot put at the European Cup and this summer he will represent his grandparents' native ...
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| READ THE ORIGINAL POST AT touch.latimes.com |
The Turkish expansionist tendencies and continued violations of Greek air space in conjunction with NATO’s tolerance are not good, said Russian Foreign Minister Sergei Lavrov. The Russian official gave an interview to Ria Novosti news agency where he spoke, inter alia, about the recent Turkish activity in the Aegean. Lavrov said that Turkey shows “neo-Ottoman aspirations”
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
US Ambassador to Greece David D. Pearce is being replaced by Geoffrey R. Pyatt, a former US Ambassador to Ukraine. The US State Department has chosen an experienced and firm diplomat as the next American Ambassador to Greece. Pyatt became widely known due to a conversation he had with US Deputy Minister for European Affairs, Victoria
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Achieving a “political agreement” on the Greek debt relief issue is the goal of the May 9 Eurogroup, said the Eurozone Finance Ministers chief Jeroen Dijsellbloem. This is emphasized on the draft agenda released today by the Eurogroup President. “The Eurogroup will discuss the situation on the first assessment of the macroeconomic adjustment program of Greece.
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
ESM Head Klaus Regling said during an interview in Italian newspaper Corriere della Serra that “Greece is not facing bankruptcy. We are working in way that will complete the evaluation.” Regling said that the basic problem of the current delay is ...
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[In this Sept. 7, 2015 file photo a migrant runs after he enters the territory of Hungary by crossing the temporary protection fence along the Hungarian-Serbian border as a Hungarian police car approaches at Roszke, 180 kms southeast of Budapest, Hungary. Thousands of migrants have continued to travel through Hungary on their way toward western Europe, despite fences, border closures and the European Union’s deal with Turkey to stop sea crossings to Greece. (Edvard Molnar/MTI via AP, file)]Thousands of migrants have continued to travel through Hungary on their way toward western Europe, despite fences, border closures and the European Union's deal with Turkey to stop sea crossings to Greece. ...
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The strike, which is also being joined by major private sector union GSEE, will be followed by a rally outside the GREEK parliament on Sunday evening.
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| READ THE ORIGINAL POST AT www.telegraph.co.uk |
ATHENS, May 6 (Reuters) - Saturday's GREEK Cup final between league champions Olympiakos Piraeus and AEK Athens has been postponed at the ...
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| READ THE ORIGINAL POST AT www.dailymail.co.uk |
ATHENS GREEK Prime Minister Alexis Tsipras urged his Syriza party lawmakers on Friday to approve a bill on pension reforms in a parliamentary vote ...
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| READ THE ORIGINAL POST AT www.reuters.com |
LONDON, May 6 (Reuters) - Some hedge funds are eyeing investments in GREEK stocks and debt they see as cheap, predicting a recovery after seven ...
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| READ THE ORIGINAL POST AT www.dailymail.co.uk |
Lagarde insisted that the IMF considered the bailout programme's target of a GREEK primary surplus of 3.5 percent of gross domestic product in 2018 ...
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| READ THE ORIGINAL POST AT www.reuters.com |
GREEKS started a three-day nationwide strike Friday in anger at tax and pension reforms pursued by the indebted nation to qualify for more of a ...
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| READ THE ORIGINAL POST AT www.telesurtv.net |
Risking sanctions from FIFA, Greece's government has postponed Saturday's GREEK Cup final, citing security concerns. Stavros Kontonis, a deputy ...
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| READ THE ORIGINAL POST AT www.newsobserver.com |
The GREEK farmers' Coordinating Committee has announced their participation in the demonstrations that will take place in Athens on the day of the ...
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
ATHENS – The GREEK government on Friday postponed the finals between Olympiakos and AEK Athens due to lack of proper security for the match.
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| READ THE ORIGINAL POST AT dailytimes.com.pk |
GREEK tax and pension reforms have to be approved by the country's lawmakers on Sunday if Athens is to get the next, previously delayed, tranche of ...
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| READ THE ORIGINAL POST AT www.euronews.com |
The GREEK Cup Final between AEK and Olympiakos, scheduled for Saturday evening, is now officially postponed until further notice. The General ...
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
In a Friday morning email, Harvard President Drew Faust announced that beginning with the class of 2021, members of these organizations — which ...
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In the wake of investigation into campus sexual assault, Harvard University is imposing restrictions on members single-gender social clubs.
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“Tsipras is looking to demonstrate to GREEK voters that he and his government have done their part, and that the ball, namely that of debt relief, now ...
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| READ THE ORIGINAL POST AT www.theguardian.com |
GREECE'S two biggest labor unions, which together represent some 2.5 million workers, object to a new round of austerity measures that GREECE must ...
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| READ THE ORIGINAL POST AT www.nytimes.com |
GREECE is one of Europe's top tourist destinations and the 850 million euro ($970 million) Kasteli project would be its fourth biggest airport in terms of ...
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| READ THE ORIGINAL POST AT www.reuters.com |
The country's largest private and public sector unions called for action to protest against strict austerity conditions imposed by GREECE'S international ...
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| READ THE ORIGINAL POST AT www.euronews.com |
The largest trade unions in GREECE announced a 48 hour strike Friday (May 6) over the decision by the Greek parliament to fast-track a draft bill on ...
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| READ THE ORIGINAL POST AT sputniknews.com |
International Monetary Fund Managing Director Christine Lagarde urged GREECE'S lenders to concentrate on debt relief instead of simply pushing for ...
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The new residents of the City Plaza Hotel in downtown Athens can check out any time they like but, for now at least, they cannot leave GREECE.
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| READ THE ORIGINAL POST AT www.irinnews.org |
ATHENS, May 6, 2016 (Xinhua) -- Protesters from communist-affiliated union PAME chant slogans during a demonstration in front of the Athens ...
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EDESSA, GREECE, May 6 (UPI) -- A driver in GREECE shared video of an unusual traffic hazard -- dozens of horses clip-clopping down the middle of the ...
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The International Monetary Fund won't join a European bailout of GREECE until differences on the nation's budget plan are resolved between the fund ...
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| READ THE ORIGINAL POST AT www.bloomberg.com |
About 800 migrants tried to illegally cross from GREECE to FYROM in the past 48 hours, according to media reports from the latter. FYROM media say ...
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| READ THE ORIGINAL POST AT greece.greekreporter.com |