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Monday, May 9, 2016

The new Greek reform package explained

Greek lawmakers have voted to overhaul the country's tax and pension systems. The reforms are deeply unpopular, as Athens will be reaching deeper into the pockets of ordinary Greeks. Here's a look at what got passed. It was a tight vote on Sunday, but a ...


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Greek debt crisis: Can you spot the difference?

The outline of the Greek debt crisis at the moment is in many ways exactly the same as it was last year, despite a third bailout. Clare Sebastian spots the differences. The Wall Street Journal.


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Protests turn ugly in Greece

Buffeted once again by protests on the streets outside, Greece's parliament has voted -- by a razor thin margin -- to cut pensions and increase taxes ahead of a crucial meeting in Brussels Monday.


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Greek Jews protest tourism site promoting“Judas burning” ritual

Source: www.jta.org - Monday, May 09, 2016 ATHENS, Greece ( JTA ) — The Greek Jewish community has protested to the Greek National Tourism Agency after its website and brochures listed the Easter practice of “Judas burning” as a recommended folk attraction. “This custom perpetuates anti-Semitic feelings and it is characteristic that in other European countries it has almost vanished,” said the letter sent Friday by the Central Board of Jewish Communities in Greece. The tourism website tells travelers they “can observe the ancient ritual of ‘Judas Burning’ reviving: an effigy of Judas made by wood and straw- and filled with explosives- is set on fire!” The same information was also included in a brochure handed out by the Greek Embassy in Washington DC, the letter said. “We have repeatedly turned to the authorities, demanding that, in our country too, this custom be abolished,” the Jewish community said, noting that the Greek Orthodox Church has discouraged the practice for over a century. Jewish groups see the practice as encouraging the belief that Jews killed Jesus, long a source of anti-Semitism. In some areas of Greece the practice has also been referred to as “Burning of the Jew.”   All Related | More on Greece


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Greek Workers Strike in Opposition to Austerity

Approximately 2.5 million workers are represented by Greece’s two largest labor unions and Friday’s walkout brought public transportation to a halt, and closed government offices and schools. The strike was originally planned for Sunday, the day Greek ...


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Greece Assessed for Aid Payment

May 9 -- Greece returns to center stage on Monday when aid deliberations by its international creditors will signal whether the country faces a renewed period of political drift or wins some breathing space after six years of turbulence. The euro area and ...


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GREEK Jews Protest Promotion of 'Judas Burning' Easter Ritual

ATHENS, Greece ( JTA ) — The GREEK Jewish community has protested to the GREEK National Tourism Agency after its website and brochures listed ...


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GREEK Police smash large international drug smuggling racket

The GREEK Police said on Monday that they had smashed a large international drug trafficking racket following the arrest of 15 suspected members ...


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Euro zone ministers to start GREEK debt reprofiling talks

But fiscal reforms including measures passed earlier on Monday by GREEK lawmakers will not by themselves unlock new disbursements from the ...


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Europol to target potential terrorists in refugee camps in Greece, Italy

EU law enforcement agency will also work to dismantle illegal refugee smuggling networks.


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Greek bonds up after unpopular reforms passed

… ministers were due to discuss Greece’s progress on reforms and … on debt relief. Yields on Greek government bonds fell while those … help the decision to give Greece additional support,” said Patrick Jacq …


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Greek PM seeks end to "vicious cycle"

… of the Greek Communist Party, Dimitris Koutsoubas, said the Greek people would … , the leader of the centre-left Pasok party, said the bill represented … money in case Greece misses future budget targets. Greece's Finance …


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Eldorado to resume work at Greek gold mine

… stalled Greek gold mine project after it received approval by Greek authorities … years of confrontation with the Greek government over environmental concerns, Vancouver-based … its Skouries project in northern Greece in January. It laid off …


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Greek Debt Talks Enter Familiar Summer Tumult

Eurozone finance ministers are to discuss bailout terms, but there is again a wide gulf between European officials, Greece and the I.M.F.


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Greece passes painful fiscal reforms, heeding EU

[A protester waves a Greek flag during a demonstration outside the parliament building in central Athens]By George Georgiopoulos and Renee Maltezou ATHENS (Reuters) - Greek lawmakers passed unpopular pension and tax reforms on Monday that a European official said marked a major advance in negotiations towards unlocking more rescue funds from the country's creditors. Euro zone finance ministers will hold talks on Greece's progress on economic and fiscal reforms later in the day, and assess if it has met terms of its multi-billion euro bailout. Greece also hopes the sign-off will launch discussions on debt relief, and euro zone officials in Brussels said the finance ministers would discuss how to reprofile its debt to make future servicing costs manageable.


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The giant WOW-Hamburger effect: Donald Trump wants to apply “Greece’s Default” as model to save USA economy?

I wouldn’t know that Greece debt and default can be an example that other countries should follow. Apparently it is. In the mind of US Presidential candidate Donald Trump. He came out with his “Big Plan for the Economy: Let’s make like Greece and default on the national debt.” or […]


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Eurozone ministers wrangle over GREECE debt relief

File: IMF chief Christine Lagarde has warned that there were "significant gaps" in GREECE'S reform offers, while also accusing the Europeans of ...


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Eurozone ministers wrangle over GREECE debt relief

File: IMF chief Christine Lagarde has warned that there were "significant gaps" in GREECE'S reform offers, while also accusing the Europeans of ...


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The Latest: Small hike in asylum bids in Germany since March

[A boy pushes a barrow with water at the northern Greek border point of Idomeni, Greece, on Monday, May 9, 2016. About 54,000 refugees and migrants are currently stranded in Greece as 10,000 are camped in Idomeni, after the European Union and Turkey reached a deal designed to stem the flow of refugees into Europe’s prosperous heartland. (AP Photo/Petros Giannakouris)]MADRID (AP) — The Latest on Europe's response to mass migration (all times local):


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GREEK parliament passes new austerity bill amid protests

The GREEK parliament has passed a bill reforming the debt-ridden country's pension and tax systems. The bill will increase social security and pension ...


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Christians gather in Turkey’s Ephesus to mark Feast of Saint John

Greek Patriarch Bartholomew led a religious ceremony on May 8 at the ancient site of Ephesus in Turkey’s Aegean province of Sel├žuk, marking the death of St. John the Apostle


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Migrants freed from Greek detention, trapped in limbo on islands

[A boy walks at a railway station at a makeshift camp for refugees and migrants at the Greek-Macedonian border near the village of Idomeni]By Karolina Tagaris ATHENS (Reuters) - Migrants and refugees are being freed from detention centres in Greece but remain trapped on its islands until their asylum requests are processed, exposing them to dire living conditions and even the risk of people smugglers, human rights groups say. Some 8,000 people, many escaping the Syrian war, have arrived on boats from Turkey since March and are held under a European Union deal with Ankara designed to seal off the main route into Europe for over a million people since 2015. Under the deal, those who do not seek asylum in Greece - and those who are rejected - will be sent back to Turkey.


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EU, GREECE seek debt breakthrough

The meeting starting Monday afternoon comes after GREECE'S parliament voted on Sunday to reform the debt-ridden country's pension and tax systems ...


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GREECE police use teargas after protesters hurl petrol bombs over pension reforms

Greek police have used tear gas on protesters throwing petrol bombs outside parliament in central Athens as Greek lawmakers debated controversial ...


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GREEK bonds shine after parliament vote on unpopular reforms

Yields on GREEK government bonds fell while those on other euro zone bonds rose 1-5 basis points in the face of firmer equity markets and a rally in oil ...


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GREEK technical chamber hints it might strike Tsipras from its list

Giorgos Stasinos, the head of the Technical Chamber of Greece (TEE), the organization that awards licenses to engineers and advises the GREEK state ...


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EconomyGreek bonds rally ahead of eurogroup

Yields on GREEK 10-year debt have fallen to their lowest level since January this morning, dipping to 8.14 per cent, writes Mehreen Khan. (Yields fall ...


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Briefing briefing: Greek summer

Here we go again. The protesters are back in Syntagma square. The EU’s summer has officially begun.


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Greece Adopts Unwanted Economic Reforms Ahead Of Crunch Eurogroup Talks

(AFP) – Greek lawmakers adopted a controversial package of pension cuts and tax hikes as eurozone finance ministers geared up for an emergency meeting Monday to hammer out fresh reforms for Athens to stave off another eurozone crisis. The ministers are ...


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Protests rage in Greece as it offers lenders more cuts

Protests took place in the Greek capital of Athens and the northern city of Thessaloniki at the weekend as the government passed reforms that it hopes will persuade lenders to release more financial aid. In the early hours of Monday morning, the Greek ...


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Ben Needham: police return to Kos 25 years after boy went missing

Team of officers from South Yorkshire police return to Greek island to look for new witnesses A team of British police officers is heading for the Greek island of Kos to look for new witnesses in the search for Ben Needham, who went missing as a toddler almost 25 years ago. Ben, from Sheffield, was 21 months old when he vanished on 24 July 1991 after travelling to the island with his mother and grandparents. Continue reading...


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Greece Approves Further Austerity Measures

Greece's parliament yesterday passed … Eurozone finance ministers, to review Greece's €86 billion ($98 … debate, includes simplification of the Greece's pension system and …


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European shares bounce back on Greek reforms, but miners slump

… the moderately positive developments in Greece are helping but uncertainty over … highest point since Jan. 5. Greek lawmakers on Monday passed by … is quite some relief where Greece is concerned as it wasn …


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Greek FinMin to face the Eurogroup with 153 YES in Reforms legislation & anticipation that Debt Relief discussion starts

Finance Minister Euclid Tsakalotos was already in Brussels, when the Greek Parliament was voting to adopt the Pensions Reforms and new Taxation bill short after midnight. In order to avoid that even one vote is missing, Tsakalotos made use of the option to vote per letter. He was certainly happy […]


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Greek reform package includes spending cuts, tax hike

Buffeted once again by protests on the streets outside, Greece's parliament has voted - by a razor thin margin - to cut pensions and increase taxes ahead of a crucial meeting in Brussels Monday. Prime Minister Alexis Tsipras said the reforms are needed to ...


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GREEK Parliament Pushes Through More Unpopular Austerity Measures

GREEK Prime Minister Alexis Tsipras has been forced once again to defend a decision by the country's parliament to approve pension and tax reforms.


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Missing Ben Needham: British police fly to GREEK island of Kos in hunt for new witnesses

A team of British police officers is heading for the GREEK island of Kos to look for new witnesses in the search for toddler Ben Needham who went ...


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Relishes and tourism offers for Bucharesters at EU Member States Market in Cismigiu Park

Hungarian goulash, various types of Greek olives, Finnish emoticons, as well as numerous tourism offers and study opportunities were presented on Saturday at the 18 stalls belonging to the European countries that participated at the EU Member States Market in Cismigiu Park. In his speech, Foreign Affairs Minister Lazar Comanescu noted that the member states’ […]


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EU finance ministers to discuss Greek debt burden

[Greece's Prime Minister Alexis Tsipras addresses lawmakers during a parliamentary session in Athens, on Sunday, May 8, 2016. Greek anarchists hurled firebombs, chairs and wooden planks at riot police in brief clashes outside parliament while lawmakers were debating a controversial austerity bill, disrupting a much larger peaceful rally on Sunday. (AP Photo/Yorgos Karahalis)]BRUSSELS (AP) — European Union finance ministers are converging on Brussels for talks aimed at breaking a months-long deadlock over whether to release more aid to help bolster Greece's shattered economy.


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Violence In Athens As Pension Reforms Passed

[Violence In Athens As Pension Reforms Passed]Police have been pelted with petrol bombs in Athens as Greece passed unpopular tax and pensions reforms. Thousands of protesters took to the streets ahead of a vote that the government hopes will unlock bailout cash and pave the way for progress on debt relief when eurozone finance ministers meet on Monday. Inside the parliament building, Prime Minister Alexis Tsipras survived a crucial test of his wafer-thin majority, as all 153 of the ruling coalition's lawmakers in the 300-seat parliament voted in favour of the changes.


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EU's Katainen says Greek reforms a major step forward

HELSINKI (Reuters) - Greece's reform package is a major step forward but Eurogroup finance ministers will probably not release a multi-billion euro bailout right away, European Commission Deputy President Jyrki Katainen said on Monday. He told Finnish broadcaster YLE it was likely that further discussions on debt relief would come before the five billion euro package is released. Greek lawmakers earlier passed unpopular pension and tax reforms that the country's leftist-led government hopes will persuade official creditors to unlock bailout cash. ...


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Opening Bell: Anti-austerity riots in GREECE, Luas disruption...

There have been riots in the Greek capital over the latest conditions attached to their EU-IMF bailout. Under the deal, major pension cuts and tax ...


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MORNING BID EUROPE-GREECE bites reform bullet

The approval came just hours before euro zone finance ministers meet today to discuss GREECE'S reform progress and whether it has met terms of a ...


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GREECE lawmakers approve reform bill despite protests

European Commission President Jean-Claude Juncker said Sunday that GREECE has “basically achieved” the goals of reforms required by the ...


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GREECE Needs Another Emergency Bailout

The package of pension cuts and tax hikes approved by Greek lawmakers to obtain more credit is controversial. As it stands, the country is already ...


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Greek lawmakers vote for austerity as protests turn ugly

(CNN)Buffeted once again by protests on the streets outside, Greece's parliament has voted -- by a razor thin margin -- to cut pensions and increase taxes ahead of a crucial meeting in Brussels Monday. At the meeting, Eurozone finance ministers will again ...


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Greek crisis: Eurozone ministers to discuss debt relief

Crunch meeting will consider Greece’s bailout progress today after MPs approved a €5bn package of austerity reforms * The agenda: Crucial eurogroup meeting today * Overnight: MPs approve austerity plan, despite protests 8.57am BST Here’s our latest dispatch from Athens: Related: Greek MPs approve toughest austerity measures yet amid rioting 8.56am BST The Greek crisis is returning to centre stage on today, says BLOOMBERG. Aid deliberations by its international creditors will signal whether the country faces a renewed period of political drift or wins some economic breathing space after six years of turbulence. Greece’s most influential creditors, Germany and the International Monetary Fund, remain deadlocked over the terms of Greece’s bailout plan, which the IMF thinks is badly flawed but Germany says can’t be changed. The Eurogroup, as the committee of eurozone finance ministers is known, will meet in Brussels on Monday to discuss Greece’s fiscal strategy and the sustainability of its debts. A resolution of the deep differences isn’t expected. Eurozone officials said that the stalemate over the contingency measures made it unlikely that any agreement to close the first review will be reached at Monday’s meeting. Greece needs the additional bailout aid by July, when €3.5bn in debt comes due. The Greek government has sought to blame the IMF for the delays, and a senior Greek official said on Sunday that both the commission and the European Central Bank believed that Athens had done enough to close the review. 8.33am BST THERE WERE FAMILIAR SCENES IN ATHENS LAST NIGHT AS MPS GATHERED TO VOTE ON A €5.4BN PACKAGE OF BUDGET CUTS AND PENSION REFORMS. #Mitsotakis : You have deprived #Greece of 210.000 employment places when you drove the economy to recession. #greekparliament #Mitsotakis : Your goal is middle class impoverishment in favour of tax evaders and financial nomenclature. #greekparliament #Mitsotakis : You're not a Leftist, Mr #Tsipras , you're an opportunist. An opportunist that would do anything to sit on the PM chair. We have an important opportunity before us for the country to break this vicious cycle, and enter a virtuous cycle. After six years (of crisis), the Eurogroup will meet to discuss debt relief. Some hours ago, #Greece's Parliament approved a pension and tax reforms' package - only thanks to the 153 votes of the ruling coalition MPs. 8.08am BST GOOD MORNING. The long-running, seemingly never-ending Greek debt crisis is back on the agenda. Related: IMF threatens to pull out of Greek rescue Continue reading...


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Unpopular Greek reforms passed (PICTURES)

… Gennimata, leader of the opposition PASOK socialists, who see the package … 19 finance ministers will discuss Greece‘s reform programme and a … with a majority by the Greek parliament: PENSIONS Introduces unified retirement …


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Greece Shut Down By Protests And Strikes Over Pensions

… . Greece is way off projected (and mandated) budget surplus targets. Greek Protesters Protesters have gathered outside parliament in Greece ahead of … billion in Greek aid, only €9.7 billion went to Greece. The …


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Greek reforms spark violent protests

Greece has passed a package of tax and pension reforms, allowing the country to unlock more international bailout money. Before the vote, protesters in Athens threw petrol bombs at police, who responded with tear gas. Tim Allman reports.


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