In 2014 Greeks spent 1.14 billion euros on vacations in GREECE, down from 3.16 billion euros six years earlier, at the start of the recession. For the ...
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
How the world sees Greece
Wednesday, June 1, 2016
Ship detects signals from crashed EgyptAir plane's black box
[FILE -- This August 21, 2015 file photo shows an EgyptAir Airbus A320 with the registration SU-GCC taking off from Vienna International Airport, Austria. Egypt's Civil Aviation Ministry said Wednesday, June 1, 2016 that a French ship has picked up signals from deep under Mediterranean Sea, presumed to be from black boxes of the EgyptAir Airbus A320 with the registration SU-GCC that crashed last month, killing all 66 passengers and crew on board. The Civil Aviation Ministry is citing a statement from the committee investigating the crash as saying the vessel Laplace is the one that received the signals. It says that a second ship, John Lethbridge affiliated with the Deep Ocean Search firm, will join the search team later this week. (AP Photo/Thomas Ranner, File)]CAIRO (AP) — A French ship searching the Mediterranean has detected black box signals from a missing EgyptAir flight in the waters between the Greek island of Crete and the Egyptian coast, a development that could help solve the mystery of why the aircraft crashed into the sea last month, killing all 66 on board.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
Masterchef Australia's Zoe Konikkos loses her cool as team lose GREEK food challenge
She's the granddaughter of GREEK immigrants and has admitted to not speaking English until she started Kindergarten. But despite her European ...
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| READ THE ORIGINAL POST AT www.dailymail.co.uk |
Unsung Heroes: How a Local NGO Works to Feed GREECE'S Hungry
On top of a volatile economic and political situation, GREECE has been inundated with political refugees. GREECE is a sharing culture, and for the most ...
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| READ THE ORIGINAL POST AT www.pastemagazine.com |
Argiris Pedoulakis stays in Panathinaikos
Panathinaikos officially announced the extension of the contract with Argiris Pedoulakis. The Greens put the trust in the Greek coach who remains at the helm of the team. Despite the very advanced talks with Pini Gherson, Panathinaikos decided to give its support to Argiris Pedoulakis after his meeting today with Dimitris Giannakopoulos. In a press release that
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
Kos- Thermal Springs
The third largest island in the Dodecanese, Kos has a long history. As mentioned in Homer’s Iliad, a contingent from Kos fought on the Greek side in the Trojan War. In antiquity, Kos was a hub for trade in the Aegean Sea and known for its peacefulness and its ancient hospital, the Asclepio where Hippocrates,
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
Former Greek King Constantine Would Return to Throne if People Wanted Him
Former king of Greece, Constantine, said he is not interested in entering Greek politics because he doesn’t know anything about politics. He refuses to apologize for the coup in Greece because he was not aware that a move for a dictatorship was being ...
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Festival fun- a rundown of the Greek and Treme/7th Ward Festivals
… Greek Orthodox Cathedral. Festival goers came together to enjoy the unique Greek food and dance to traditional, live Greek music. Beautiful … as Greek Festival chairman, electrician and church chanter. After attending the Greek …
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| READ THE ORIGINAL POST AT world.einnews.com |
Israel is an “Eternal Enemy of Greece and Orthodoxy”
… Israel an “eternal enemy of Greece and Orthodoxy.” Pappas was speaking … debate on the ratification of Greece’s international agreements with other … 2014 that Greek Jews paid fewer taxes than other Greeks, but since …
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| READ THE ORIGINAL POST AT world.einnews.com |
Bulgaria's BEH, Greece's Gastrade Set up Team to Build Alexandroupolis LNG Terminal
… Energy Holding (BEH) Group and Greek gas company Gastrade have established … and Ukraine through the Interconnector Greece-Bulgaria (IGB), Gastrade added. The construction … interconnectors with neighbouring countries and Greece in particular is of key …
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| READ THE ORIGINAL POST AT world.einnews.com |
Holy Trinity Greek Festival this weekend in EHT
EGG HARBOR TOWNSHIP – The Fiddle Club will perform a free concert of Greek folk songs on the violin 5 p.m. Saturday, June 4 as part of the 34nd annual Greek Festival at Holy Trinity Greek Orthodox Church. The Fiddle Club consists of 20 students and ...
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| READ THE ORIGINAL POST AT www.shorenewstoday.com |
A frozen GREEK yogurt summer treat for the dog, and you
Frozen yogurt bark is the perfect warm weather snack, and if you leave off the toppings, it's a great treat for your dog as well. By Anna Thomas Bates, ...
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| READ THE ORIGINAL POST AT www.jsonline.com |
52621 indentified migrants and refugees in GREECE
According to the Refugee Crisis Management Coordination Body΄s figures, 27,076 of the refugees are in northern GREECE, 14,535 are hosted in the ...
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| READ THE ORIGINAL POST AT english.capital.gr |
French PM Valls to visit GREECE on June 2-3
French Prime Minister Manuel Valls will pay an official visit to GREECE on June 2-3 with the view to boost the bilateral relations of the two countries.
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| READ THE ORIGINAL POST AT english.capital.gr |
IFRC doubles support for migrants stranded in GREECE
In addition to providing medical care, food, and emergency supplies in 12 camps across GREECE, the priorities will include addressing the growing ...
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| READ THE ORIGINAL POST AT www.ifrc.org |
Nikos Xydakis: Greece Expects up to 2 Mln Russian Travelers to Visit the Country in 2016
Greece’s Deputy Foreign Minister, Nikos Xydakis said that the EU and Russia were set to pick up their bilateral talks on easing the visa regime where they left off in 2013, according to an interview to Sputnik news. Sputnik reports that the number of ...
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| READ THE ORIGINAL POST AT eu.greekreporter.com |
Greek banks unlikely to get access to ECB cash this week, sources say
FRANKFURT/VIENNA (Reuters) - Greek banks are unlikely to regain access to cheap funding from the European Central Bank this week, after talks between the Greek government and its creditors hit a snag, sources close to the matter told Reuters. The ECB's ...
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| READ THE ORIGINAL POST AT finance.yahoo.com |
Tsipras Speaks of Growth While Companies Shut Down One After the Other
One month ago it was Elektroniki Athinon, the biggest Greek owned appliance chain, yesterday it was Athens Ledra Hotel, former Ledra-Marriott, today it is Pyrsos Security, all big and respected names in their respective sectors. They all shut down, unable to continue in the business-hostile environment the Greek government has created with the new
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
9th Naked Bike Ride: Bicycle Straddle Climaxes to Nudist Fiesta
The 9th Naked Bike Ride of Thessaloniki makes a statement against pollution and violence again this year as hundreds of bicycle riders fling off their clothes, straddle their bikes and take to the streets of the capital of Macedonia, northern Greece. Thessaloniki is just one out of 70 cities hosting a naked cycling event on
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
New Turkish PM Eyes Greek-Cypriot-Turkish Friendship
Turkish Cypriot leader Mustafa Akinci met with the new Turkish Prime Minister Binali Yildirim on Wednesday. After the talks, Akinci said that improved Turkish Cypriot administration would be the best guarantee for a peace accord since the Turkish invasion in the wake of a 1974 coup at the island. Akinci said that a solution to
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Exposed: The Interior of the Athens Masonic Lodge [Pics]
The National Grand Lodge of Greece, at the corner of Acharnon and Sourmeli streets, in Athens was shrouded in a veil of secrecy. People could only imagine the Masonic secrets hidden within its walls until recently, when photographs of the lodge were posted on its revamped website. A hint as to the reason for the
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Move Over Mexico… Cretan Opuntia Spirit Tequila Has Arrived!
From tsikoudia to tequila… Cretans have left their anise flavored local raki and have taken to tequila it seems! Made of prickly pear, the new Cretan tequila known as Opuntia Spirit will make its official entry in Greek liquor stores on June 2. It will be officially launched at the 5th Exhibition “Crete – The
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
GREEK banks unlikely to get green light for cheap ECB cash this week: sources
FRANKFURT\VIENNA, June 1 (Reuters) - GREEK banks are unlikely to regain access to cheap funding from the European Central Bank this week after ...
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| READ THE ORIGINAL POST AT www.dailymail.co.uk |
Turkey ordered to pay 14.3 mln euros over GREEK woman's inheritance
The European Court of Human Rights (ECHR) has ordered Turkey to pay out 14.3 million euros in compensation for violating a GREEK woman's ...
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
Greece's Olympiacos striker Poulido released after kidnapping in Mexico
Pulido, who was part of Mexico's 2014 World Cup team, had left the party with his girlfriend when they were intercepted by four gunmen, who let the woman go. Tamaulipas state Attorney General Ismael Quintanilla told a news conference that emergency ...
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| READ THE ORIGINAL POST AT bilbaoya.com |
New Group of Refugees Arrives in Spain From GREECE Under EU Quotas
A group of 19 refugees, which is the fourth group of refugees in the last eight days, came from GREECE to Spain, according to the Spanish Interior ...
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| READ THE ORIGINAL POST AT sputniknews.com |
GREECE to Receive Next Bailout Tranche by June 13
Α source from the Greek Ministry of Finance said on Wednesday that the first installment of bailout tranches benchmarked for GREECE, worth 7.5 billion ...
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Foreign Ministers of Greece, Bulgaria, Croatia and Romania meet on the margins of the SEECP ...
The Foreign Ministers of Greece, Nikos Kotzias; Bulgaria, Daniel Mitov; Croatia, Miro Kovač; and Romania, Lazăr Comănescu, met within the framework of the Summit Meeting of the South East European Cooperation Process (SEECP), which took place today, 1 June, in Sofia.The four Foreign Ministers agreed to initiate informal regular talks for the purpose of exchanging views on European issues of special interest to the four EU member states of Southeast Europe.The aim of the talks is a joint, constructive intervention in the processes and policies of the European Union.
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| READ THE ORIGINAL POST AT www.mfa.gr |
China has a terrible new problem
[drought china boat river] China has a terrifying new problem. Instead of the usual problem of too much money leaving the country, there is now too little money flowing in. "Beijing is clamping down hard on outflows," said professor Christopher Balding, an economist at Peking University. "The problem now is that inflows into China are collapsing. Probably down almost 40% this year. That is placing maybe even more pressure on the RMB [yuan] than the outflows. To run a fixed exchange rate you have to balance those things." China devalued its currency in August. Shortly before the devaluation, Goldman Sachs noted that "capital outflows have become very sizable and now eclipse anything we've seen in the recent past." Since the devaluation, money has left the country in fits and starts. In September and October it was pouring out, but then outflows moderated. As the yuan started falling against the dollar again at the beginning of this year, the deluge started again, then moderated again. Because of this, the government has become extra disciplined about capital controls — as disciplined as a government can be when people who want to move money seem to have boundless creativity. But without inflows, restricting outflows won't be enough. "Money is still leaving significantly though definitely slowing in March and April and I suspect May will be more of the same," Balding said in an email to Business Insider. YOUR RUN-OF-THE-MILL BOUNCEBACK To be fair, investment in China has historically tended to lag during the first half of the year and ramp up in the second half. But there is reason to believe that this time will be different. China's stimulus measures are having less and less of a positive impact on the economy as debt mounts and credit needs to be productive, not just plentiful. [Chinese President Xi Jinping speaks during his meeting with U.S. President Barack Obama at the Nuclear Security Summit in Washington, March 31, 2016. REUTERS/Kevin Lamarque]The government has said over and over that it won't engage in major stimulus, and analysts think this means that measures taken to stave off disaster at the beginning of this year will not continue. "We still see support for growth from the improving housing market, the lagged effect of strong credit growth in Q1, and accommodative fiscal and monetary policies," Barclays analysts wrote in a note published Wednesday. "For H2 16 and beyond, we maintain our view of a growth slowdown due to capacity reductions, unsustainably rapid credit expansion and high debt burdens, particularly in the corporate sector. That said, we maintain our monetary policy forecast for a total of 150bp RRR cuts during the rest of year and think the PBoC will cut benchmark interest rates twice (25bp each) in H2 16, with a risk of fewer cuts." This is giving the people who usually call for a China rally in the second half of the year a little bit of pause. The government might really be ready to let the economy suffer a bit to wean it off its addiction to cheap debt. This is not making investors want to jump into China. Either way, Balding said: "Unless [investors] flood back in H2, you will still end the year down significantly. I don't know anyone that is rushing to put money into China. Chinese and foreign investors are saying the same thing: don't buy China right now." The decline of the yuan over the past few weeks isn't attractive to investors either, to say the least. With the economy slowing, though, it is what the market is dictating, and China has said over and over again that it will allow the yuan to move based on market demands. "Beijing is going to go a long way to defend the RMB [yuan] so unless they just get overwhelmed — something I would call a low probability event in the next few months — expect them to step in to stabilize though do not be surprised by periods of real volatility," Balding said. "Beijing is not the best speed boat driver." SEE ALSO: CHINA COULD BE ABOUT TO PLUNGE US ALL INTO A WORLD OF PAIN Join the conversation about this story » NOW WATCH: FORMER GREEK FINANCE MINISTER: How I dealt with stress when Greece nearly defaulted
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| READ THE ORIGINAL POST AT www.businessinsider.com |
Former Greek finance minister composes song for Albanian pavilion in Venice
Yanis Varoufakis, Greece's former finance minister, has written the lyrics for a song set to be performed as part of Albania's contribution to the Venice Architecture Biennale. The song, which centres on the topic of migration, will form part of a showcase ...
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| READ THE ORIGINAL POST AT calvertjournal.com |
Renovated Greece performing arts center to reopen
After more than nine months of renovations, the Greece Central School District's problem-plagued performing arts center at Athena High School will officially reopen at 6 p.m. Thursday. And, the theater will be rededicated with a new name: Greece Central ...
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| READ THE ORIGINAL POST AT www.democratandchronicle.com |
Greek Festival, Awesome Con and Daniel Tiger highlight a big weekend
… family to the world of Greek music, food and fun. Open … Greek Orthodox Church (2747 Riva Road). Enjoy Greek dance performances, sample Greek cuisine, savor Greek music, tour the beautiful Greek Orthodox …
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| READ THE ORIGINAL POST AT world.einnews.com |
Greece's economy to recover in 2nd half 2016: Report
… twice-yearly Economic Outlook report on Greek economy stating that its economy … report also mentioned that the Greek GDP is expected to fall …
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| READ THE ORIGINAL POST AT world.einnews.com |
Idomeni transformed: How the Greek village over-run by 14,000 migrants in makeshift camp is slowly returning to normal after the 'refugees' were evacuated
… has landed on Greece's biggest island Crete, officials said on … since the migrant crisis began. Crete, Greece's southernmost island, lies … course to islands such as Crete, a Greek coastguard official on the …
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| READ THE ORIGINAL POST AT world.einnews.com |
A Greek Mayor Welcomes Refugees
Want to embed this player? Use the code below. More info. Yiannis Boutaris, the current mayor of Thessaloniki, discusses Greece's role in accepting refugees from ailing countries. Boutaris, who was chosen as 'The Best Mayor of the World' for the month of ...
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| READ THE ORIGINAL POST AT www.wnyc.org |
EU puts brake on visa liberalisation for now amid immigration fears
[A Turkish Gendarme officer detains a man believed to be a smuggler as Syrian refugees who are prevented from sailing off for the Greek island of Lesbos by dinghies wait in the background near a beach in the western Turkish coastal town of Dikili]By Gabriela Baczynska BRUSSELS (Reuters) - European Union states held off agreeing to ease travel rules for Georgia on Wednesday, and Turkey, Ukraine and Kosovo should also expect more delays in visa waiving as the bloc turns more cautious amid immigration fears, EU delegation sources said. The EU is already making it easier to suspend visa-free travel before it grants such right to more states, most notably Turkey, whose help it needs to control immigration after some 1.3 million people reached Europe last year. While Brussels says Turkey, with a population of 79 million, is making progress on 72 criteria to win the EU visa waiver, Ankara is seen missing an end-June deadline.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
GREEK village over-run by 14k migrants in makeshift camp is slowly returning to normal
These photos show how the GREEK village of Idomeni has been transformed after a squalid camp once occupied by 14,000 migrants was flattened by ...
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| READ THE ORIGINAL POST AT www.dailymail.co.uk |
The Latest: 2 Iraqi boys drown near Greek refugee shelter
[The Latest: 2 Iraqi boys drown near Greek refugee shelter]The Latest on Europe's migration crisis (all times local): 6:40 p.m. Greek police say two Iraqi boys have drowned in an irrigation reservoir near a government shelter for refugees in northern Greece where ...
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
EgyptAir Flight MS804: French Ship Picks Up Signals Presumed to Be From Black Boxes
Source: www.newsweek.com - Wednesday, June 01, 2016 A French naval search ship has detected signals in the Mediterranean Sea presumed to be from at least one of the black boxes of the EgyptAir flight that crashed last month with 66 people on board, Egyptian authorities said Wednesday. The Egyptian investigation committee said in a statement that the French vessel La Place, which was dispatched after the crash on May 19, picked up the signal. It said that La Place detected "signals from the seabed of the wreckage search area, assumed to be from one of the data recorders." The search efforts for the black boxes are being stepped up, with the commissioning of another search ship from maritime company Deep Ocean Search in Mauritius. The search for the black boxes remains a race against time as they stop emitting signals after one month, meaning that they will be harder to discover once they no longer beam back the signals. The black boxes will be crucial for investigators to work out what caused the crash as Airbus A320 flight MS804 traveled from Paris’ Charles De Gaulle airport to Cairo in normal weather at a standard altitude. Investigators and experts have pointed toward the possibility of an act of extremism being a likely explanation, but no official cause has been given. French investigators said that smoke was detected on the plane, in the toilet and the electrics, before it disappeared from aviation radars. Greek officials said that the plane had performed two abrupt turns bef All Related | More on black boxes
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| READ THE ORIGINAL POST AT www.newsweek.com |
Listen: North GREECE Fire Dispatch signs off
Today marks the end for a group of emergency radio dispatchers that have served the GREECE area for roughly 80 years. The North GREECE ...
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| READ THE ORIGINAL POST AT www.democratandchronicle.com |
Greece Has a Deal ... of Sorts
Greece finally passed its long awaited package of reforms, which follows the usual pattern. The Parliament was all too happy to raise taxes and social security contributions, but pension reform and the sale of NPLs is much less clear. In addition, Greece ...
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| READ THE ORIGINAL POST AT www.huffingtonpost.com |
Campaigner for Parthenon Marbles, Eddie O’Hara, passed away
The leader of the British campaign to return the Parthenon Marbles to Greece, Eddie O’Hara, passed way at the age of 78. He became chairman of the British Committee for the Reunification of the Parthenon Marbles (BCRPM) in 2010. The BCRPM formed in 1983, supports Greek demands for the London […]
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| READ THE ORIGINAL POST AT www.keeptalkinggreece.com |
Safe sales are skyrocketing because of negative interest rates
When safe assets return less than nothing, people evidently turn to safes. According to Deutsche Bank economist Torsten Sløk, since the implementation of negative interest rates in Japan the sale of safes has spiked. In a note to clients, Sløk highlighted the massive jump in safe sales since the implementation of negative interest rate policies. Essentially, these policies force savers to pay the bank in order to keep money in a savings account. Thus, it is cheaper to pull money from the bank and store it in a safe. Luke Hickmore, portfolio manager at Aberdeen Investments, also highlighted the trend in Europe during a conversation with Business Insider in May. "Safe sales have shot up through the roof in Europe," said Hickmore. "People are taking cash out and even with security costs, it's better returns than your negative rates. It's crazy, crazy behavior." This spike supports the argument that negative interest rates compel people to protect their money, rather than go out and spend it as the policy intends. Well, better in a safe than under a mattress. [Screen Shot 2016 06 01 at 10.07.15 AM]Deutsche Bank NOW WATCH: FORMER GREEK FINANCE MINISTER: How I dealt with stress when Greece nearly defaulted
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| READ THE ORIGINAL POST AT www.businessinsider.com |
[Ticker] Putin thanks GREEK people for 'warmth and cordiality'
Russian president Putin has thanked the people of Greece in a letter for the "warmth and cordiality with which the Russian delegation was greeted" ...
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| READ THE ORIGINAL POST AT euobserver.com |
Kapa Research: 55.7% of Greeks Support Policy of Welcoming Refugees in the Country
More than half of Greeks (55.7%) support the policy of welcoming refugees in the country, according to a poll conducted by Kapa Research on behalf of the Regional Association of Attica Municipalities, presented on Tuesday. However 60% of those questioned want the government to “limit in every way possible the entrance of refugees,” against a
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Five hidden-gem Greek islands
Greece has somewhere between 2,000 and 6,000 islands and islets scattered through the Aegean and Ionian Seas, of which a little over 200 are inhabited. Many visitors come to the islands with an ingrained image: Whitewashed houses and churches with vivid ...
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| READ THE ORIGINAL POST AT www.wlbz2.com |
Greek MPs Banned From Owning Offshore Companies
Greek Parliament held a vote on the amendment to a recently passed omnibus bill that allowed politicians to own shares in firms based abroad. The blanket ban on any form of ownership by MPs in offshore companies was passed with 190 votes in favor on Wednesday.
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Israel 'eternal enemy of GREECE,' neo-Nazi lawmaker says
Speaking during a debate in parliament on Monday, Christos Pappas, from the Golden Dawn party, called Israel an “eternal enemy of GREECE and ...
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| READ THE ORIGINAL POST AT www.timesofisrael.com |
Business a.m.: Two Quebec banks are raising their dividends, Greece is raising sales tax
Two Montreal-based financial institutions upped their quarterly dividends today, but the profit picture differed at National Bank and Laurentian Bank. National Bank reported net income of $210 million for the second quarter of 2016, down from $404 million ...
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| READ THE ORIGINAL POST AT montrealgazette.com |
The world's economic 'canary in the coal mine' flopped again
[canary] The world's economic canary in the coal mine has flopped again. South Korean exports fell by 6.0% in May from a year earlier, according to Korea's latest export data. This is the 17th consecutive month in which exports have dropped. And while the data was an improvement from the 11.2% year-over-year drop in April, it was far worse than the 0.4% dip economists were expecting. Korean exports are often referred to as the world's economic canary in the coal mine, or a preview of what's to come, by economists both because of their heavy exposure to the US, China, and Japan, some of the world's biggest economies, and because the data comes out on the first day of each month. As such, they generally give a good taste of what has been happening in global trade activity in the month prior. Notably, a Morgan Stanley team led by Deyi Tan argued that the latest reading on Korean exports actually "saw some signs of stabilization in May at low levels, suggesting similar read-across for global trade activity." [Screen Shot 2016 06 01 at 8.47.52 AM]Last month, Deutsche Bank senior economist Juliana Lee argued that South Korean exports faced two major long-term problems: China's rise in industrial sophistication and increasing labor costs combined with falling export prices. "Needless to say, the combination of falling earnings and rising input costs bodes ill for Korea's manufacturing — it is simply unsustainable, especially given China's rising industrial sophistication," she wrote in a note to clients. "They clearly point to Korea's need to improve its economic flexibility/adaptability to a changing global environment, to avoid a rather disruptive consolidation." [world export share] SEE ALSO: DON'T COUNT ON THIS OIL 'WILD CARD' COMING BACK ANYTIME SOON Join the conversation about this story » NOW WATCH: FORMER GREEK FINANCE MINISTER: How I dealt with stress when Greece nearly defaulted
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| READ THE ORIGINAL POST AT www.businessinsider.com |