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Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Sunday, October 23, 2016

Concert review: Young the Giant at the Greek Theatre

Young the Giant vocalist Sameer Gadhia slid into a spotlight with an acoustic guitar. Set lights shined against the backdrop of the dark Los Angeles sky and the artificial starlight twinkled blue and white against a “Home of The Strange” backdrop.


READ THE ORIGINAL POST AT dailybruin.com

Greek Premier says partners show understanding over abolition of Cyprus guarantees

Greek Premier Alexis Tsipras has said the argument against the continuation of the system of guarantees in Cyprus was met with understanding on the part of German Chancellor Angela Merkel and French President Fran├žois Hollande, during separate meetings ...


READ THE ORIGINAL POST AT famagusta-gazette.com

Concern over illegal return of Syrians from Greece to Turkey

The UN refugee agency (UNHCR) has expressed "serious concern" over the illegal return of ten Syrian nationals from Greece. The Syrians were among a group of 91 people who had formally expressed their will to seek asylum in Greece shortly after their ...


READ THE ORIGINAL POST AT famagusta-gazette.com

Couple’s £40,000 dream wedding on a Greek island turned into a nightmare when they discovered their overnight honeymoon bag had been stolen

A couple's £40,000 Greek island wedding was turned into a nightmare when an overnight bag containing the groom's passport was stolen from their £600-a-night villa. Steve and Olga Kershaw had married on Santorini in a dream wedding they had been planning ...


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

‘Vampire Diaries’ Season 8 Spoilers: What Is A Siren? 6 Things To Know About The Villain And Her Mythology

Though the CW drama gave a little bit of information about the creature, there are some other things you should know, especially if you aren’t up to date on Greek mythology. A little background on the mythical creatures might come in handy later this season.


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Greek parliamentary budget office: The 2017 budget may cause recession

The Greek government’s 2017 state budget has a “strongly recessionary character” although the effects might be somewhat offset by a change in economic climate if the program review is completed, the parliamentary budget office said on Wednesday in ...


READ THE ORIGINAL POST AT www.tornosnews.gr

Honorary consulate of Belarus opens in Thessaloniki, Greece

An honorary consulate of Belarus opened in Thessaloniki, Greece, the press service of the Belarusian Ministry of Foreign Affairs told BelTA. Ambassador Extraordinary and Plenipotentiary of Belarus to Bulgaria with concurrent accreditation to Greece ...


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Turkish provocations against Greece in Athens FIR mount

Four Turkish fighter jets and two CN-235 entered Athens’ FIR on Thursday without submitting flight plans. Greek authorities registered six violations of air traffic rules in the FIR which turned into 28 violations of national airspace in several parts of ...


READ THE ORIGINAL POST AT www.tornosnews.gr

Walmart is copying one of Costco's winning strategies - and it's working

[Walmart employees]David McNew/Getty Images Walmart is becoming a better place to shop because it started paying employees more. For many years, the company was plagued by widespread complaints about poor customer service at its stores. That was until last year when Walmart, under pressure from investors following several quarters of same-store sales declines, decided to invest billions of dollars in wage increases and training for workers. Specifically, Walmart committed to investing $2.7 billion over two years in higher wages, scheduling improvements, and employee training, following in the footsteps of companies like Costco. Walmart's efforts so far have translated into a pay raise of about 16% to $13.69 per hour for non-managerial full-time employees, The New York Times reports. In the meantime, widespread issues in Walmart stores such as empty shelves and cleanliness have significantly improved. Three out of four Walmart stores now meet the company's own customer service standards, according to the Times. A couple years ago, just 16% of its stores met those goals. It turns out that paying people more may have made them better employees. [Shoppers look at merchandise at a Walmart store in Secaucus, New Jersey, November 11, 2015. REUTERS/Lucas Jackson ]David McNew/Getty Images"Associates are feeling a little bit more engaged," Walmart US President Greg Foran told reporters earlier this year. The company is even seeing sales and traffic improvements. Walmart recently reported its eighth consecutive quarter of same-store sales increases in the US. In the most recent quarter, Walmart's US same-store sales rose 1.6%, driven by a 1.2% increase in traffic. The changes aren't going unnoticed by customers. "Our customer satisfaction scores continue to improve," Walmart CEO Doug McMillon said on an earnings call in August. Walmart has said it's raising wages because "it's the right thing to do," however one recent pay hike appears to be the result of President Obama's new overtime rule, which takes effect December 1. The rule requires employers to pay overtime to salaried workers earning less than $47,500 a year. Last week, Walmart announced that it would raise starting salaries from $45,000 to $48,500 annually for full-time employees. [walmart checkout cashier shopping]David McNew/Getty ImagesThe strategy of investing more in training and career development has proven to be massively successful for companies like Costco, which gets high ratings from both employees and customers. Costco's minimum wage is no less than $13 an hour, which is among the highest starting salaries in the retail industry. By comparison, the federal minimum wage is $7.25 per hour. Walmart's investments have brought its starting wages to $10 an hour, according to the company. At Costco employees also get to advance quickly. It takes about four years for employees to reach the top of Costco's hourly pay scale, according to Bloomberg. Labor groups argue however that Walmart and others still have a long way to go in improving pay and working conditions for their employees. The union-backed group Making Change At Walmart has been pushing Walmart to raise its minimum wage to $15 per hour. The group claims that not all Walmart's workers are making a minimum of $10, as the company claims. "We continue to hear from Walmart workers who have been making less than $10 for months," Making Change At Walmart spokeswoman Jess Levin said last month. NOW WATCH: We tried the trendy restaurant that could become the Chipotle of Greek food


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Maria Menounos in Melbourne for Spring Racing Carnival

Maria is best known as a favorite news presenter for E! News. She is ready to get her Greek on in the Hellenic community of Melbourne, having a list of places to go and things to see after having quizzed by TV Insider for tips on her trip, according to ...


READ THE ORIGINAL POST AT au.greekreporter.com

Prepare for the next recession – while you can

Governments should start normalising monetary policy and cutting public debt before the next economic downturn hits them Economic forecasts for 2017 project continued frailty in the global economy, and subpar growth for most countries and regions. Obvious economic problems include Europe’s weak banks, China’s distorted property market, political uncertainty in the west, historically high private and public debt – 225% of GDP, according to the International Monetary Fund – and the reluctance of heavily indebted Greece and Portugal to comply with IMF programmes. Additional global economic risks, such as a major oil-market disruption that could drive prices up, are not as obvious, and thus receive less attention. Economists call such events “shocks” precisely because they come unexpectedly and can have far-reaching consequences. Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com

Home GREEK news Poll Shows That 6 in 10 GREEKS Oppose Using Macedonia in FYROM's...

According to a poll by the University of Macedonia and the Hellenic Foundation for European & Foreign Policy (ELIAMEP), six in ten GREEKS oppose ...


READ THE ORIGINAL POST AT greece.greekreporter.com

Harvest of ‘Krokos’ Saffron Begins in Kozani, Greece

Farmers in the rural area of Kozani, northern Greece, have started harvesting krokos, the local saffron produced by the crocus flower. Krokos are one of the most important products of the region and has been cultivated for decades. Hundreds of farmers in ...


READ THE ORIGINAL POST AT greece.greekreporter.com

Greek PPC confirms two bids for stake in power grid operator ADMIE

ATHENS Greece's power utility PPC (DEHr.AT) confirmed on Sunday it has received two binding bids for a 24 percent stake in power grid operator ADMIE. The terms of Greece's international bailout require PPC, which is 51 percent state-owned, to either sell ...


READ THE ORIGINAL POST AT uk.reuters.com

EU-Turkey Migration Deal Falls Short of Solving Issues on Lesvos, Mayor Says

In 2016 alone Lesvos has seen 94,854 arrivals of migrants by sea according to the UN Refugee Agency, UNHCR. The migrant camps throughout Greece are well over capacity and have been criticized by many NGOs as well as the Center for Disease Control as ...


READ THE ORIGINAL POST AT greece.greekreporter.com

Driver of stolen car crashed into tree on Dewey Ave.

Driver of stolen car crashed into tree on Dewey Ave. Greece Police: A driver, 17, has been charged with stealing a car and crashing it into a tree. Check out this story on DemocratandChronicle.com: http://on.rocne.ws/2f5PtDD


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Greek's Playland celebrates Octoberfest for disabled community

Greek's Playland celebrates Octoberfest for disabled community Kristyn Smith, 28, of Linden talks with a young friend at Octoberfest at Greek's Playland in Monroe. For 15 years, Greek's Playland has opened its doors once a year to the disabled community ...


READ THE ORIGINAL POST AT www.mycentraljersey.com

A Modest Proposal to End Death in the Mediterranean

Muammar el-Qaddafi. More than 150,000 made this crossing in 2015 — and since the Aegean route from Turkey to Greece closed earlier this year, traffic through Libya has increased. The crossing from Africa is much more dangerous, and more traffic has meant ...


READ THE ORIGINAL POST AT www.nytimes.com

Lindsay Lohan Launches Her Nightclub “Lohan” in Greece in Silver Sandals

Just when we thought that Lindsay Lohan’s party days were way past behind her, she goes and puts up her own self-named nightclub “Lohan” in Athens, Greece. Granted, the place may be hours away by air from her cozy London home, but we still can’t ...


READ THE ORIGINAL POST AT www.yournextshoes.com

The story of Jason and the Argonauts

The University of West Florida Argonauts are named for Jason and the Argonauts, a GREEK myth based on the retrieval of the Golden Fleece by Jason ...


READ THE ORIGINAL POST AT uwfvoyager.com

Callahan's serves generous portions of GREEK comfort food during Elkhart Dining Days

Saganaki is a blend of GREEK cheeses fried in a pan and served hot and gooey with Pita bread. In America, servers often splash it with an oil and light ...


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Sinkehole Occurs Near Ioannina Following Earthquakes

A 200-square-meter-wide sinkhole appeared on Saturday morning in the rural area of Kalpaki, 30 kilometers west of the city of Ioannina in western Greece, which the fire department estimates to be about 20 meters deep. The area which caved in is right next to an animal pen and a rural road but luckily nobody was […]


READ THE ORIGINAL POST AT greece.greekreporter.com

ND Says Government Needs to Repeal the TV Licensing Law Submitted by Minister Pappas

New Democracy (ND) is ready to agree with the government on the establishment of the new Greek National Council for Radio and Television (NCRTV) board, the country’s independent media regulator, if the government repeals the TV licensing law submitted by State Minister Nikos Pappas, party spokesman Giorgos Koumoutsakos reportedly said in an interview with Eleftheros […]


READ THE ORIGINAL POST AT greece.greekreporter.com

Two Greek Firms to Pay USD 1.3 Mn for Dumping Oily Waste

The ship operator Angelakos Hellas SA and ship owner Gallia Graeca Shipping were ordered by U.S. District Court in Seattle to pay a USD 1.3 million fine for dumping oily waste at sea, according to the U.S. Department of Justice. According to records ...


READ THE ORIGINAL POST AT worldmaritimenews.com

This Herb Improves Eyesight Even In People Older Than 70 Years. Solves Problems With The Eyes, Vision And Eye Pressure!

Legend says the plant Eyebright was known as Euphrasia in Roman times, named after the Greek migrate Euphrosyini (meaning ‘joy’). The plant actually brought joy to everyone who used it because it healed their eyes. It is even believed that the herb can ...


READ THE ORIGINAL POST AT homeremedieshouse.com

Baltimore Bids Farewell to John Paterakis, A Giant Who Called Himself “A Little Greek Baker Who Got Lucky”

The Pappas Post is the personal news and blog site of Gregory C. Pappas and includes curated news of interest to Greeks and those who love Greece, as well as the personal blog posts from Gregory Pappas' personal and professional experiences. The Pappas ...


READ THE ORIGINAL POST AT www.pappaspost.com

The Cat’s Meow: Dallas Museum of Art’s Divine Felines: Cats of Ancient Egypt

She admits she became a curator almost accidentally. After lecturing on some major Greek and Roman sculptures that are the basis of The Cecil and Ida Green Collection, Bromberg was invited to create an education department. When the museum moved to its ...


READ THE ORIGINAL POST AT www.nbcdfw.com

Opinion: Appearance and reality in Greece

The euro crisis has disappeared from the headlines, but the problem has still not been resolved. And since nothing much is changing in Athens, it will soon be a hot topic once again, says Spiros Moskovou.


READ THE ORIGINAL POST AT www.dw.com

10 quirky things you might not know about the Danforth

The Danforth was once the biggest Greektown in North America, and despite a steady decline in the GREEK population and GREEK-run businesses, ...


READ THE ORIGINAL POST AT www.blogto.com

Ai Weiwei and His Art Activism Comes to New York City with Exhibition of Items Left Behind by ...

Workers build up an installation by Chinese artist and free-speech advocate Ai Weiwei with life jackets left by migrants on GREEK beaches on columns ...


READ THE ORIGINAL POST AT www.pappaspost.com

OECD Data Shows 3 Out of 4 Greek Young Adults Live at Home

  According to data released this month by the Organization for Economic Cooperation and Development (OECD), some 76 percent of young adults in Greece aged between 15 and 24 live at home. The data in the report called “Society at a Glance” showed data up until year-end 2014 that puts Greece in second place on […]


READ THE ORIGINAL POST AT greece.greekreporter.com

Tsipras Pushes for Greece to be Included in ECB’s Quantitative Easing Program, ASAP

Greece deserves to be included in the European Central Bank’s (ECB) quantitative easing program as soon as possible, which is why the country’s debt must be discussed, Prime Minister Alexis Tsipras said on Sunday, during his speech at a meeting of SYRIZA’s central committee. The committee convened to discuss the election of a secretary and the […]


READ THE ORIGINAL POST AT greece.greekreporter.com

Government Goes Over Issues of 2nd Review at First Meeting with Institutions

The progress made so far in negotiations and the issues that will dominate the second review of Greece’s program were discussed in the first meeting between the government and representatives of the institutions in Athens on Sunday, finance ministry ...


READ THE ORIGINAL POST AT greece.greekreporter.com

Anastasiades: It is time for great decisions not rhetoric

No one is asking, and no one is allowed to ask us to deny our national origin, our Greek education, our faith in our religion or any traditions we follow according to the dictates of our history, he added. What is now a necessity is for the spirit of ...


READ THE ORIGINAL POST AT in-cyprus.com

Cyprus and Egypt in for the long haul

But an ambitious pipeline project linking the two neighbouring countries as well as Greece could end up being just a ‘trilateral’ dream, informed sources told the Cyprus Weekly. “Cyprus and Egypt will definitely cooperate on the sale of gas ...


READ THE ORIGINAL POST AT in-cyprus.com

The Dreamkeepers by Polyxeni Papapetrou

Greek Australian Polixeni Papapetrou is a photographic artist who explores the relationship between history, contemporary culture, identity and being. Creating fantastical worlds that feature her children, transformed with masks and costumes and set ...


READ THE ORIGINAL POST AT neoskosmos.com

Spain Socialists Clear Way for Rajoy to Form Minority Government

The 137-year old party is trying to avoid the fate of Pasok, its Greek counterpart, as its leaders wrestle with the its worst-ever election results and the rise of the anti-establishment insurgents of Podemos.


READ THE ORIGINAL POST AT www.bloomberg.com

Parents Sentenced to 14 years in Jail for Abusing Their Young Children

A 36-year-old Greek and his 37-year-old Romanian wife have been sentenced to 14 years in jail for the brutal abuse of their two young children. The sentencing occurred in an appeals court in Thessaloniki. According to information released from the case ...


READ THE ORIGINAL POST AT greece.greekreporter.com

Travel: Aphrodite’s Secret Lake of Love

“I thought Aphrodite was born on an island,” I said. “No, she was born in Greece,” she corrected. “Then, she floated to an island on a seashell.” Apocryphal or not, the explanation worked for me; after all, Lake Vouliagmeni, just 15 miles ...


READ THE ORIGINAL POST AT www.malibutimes.com

Tsipras Wants Creditors to Include GREECE in Quantitative Easing Program

Greek Prime Minister Alexis Tsipras said that GREECE should escape from the tough creditors' regime of patronage characterizing this regime as an ...


READ THE ORIGINAL POST AT sputniknews.com

Ben Needham's mum faces lawsuit for Dino Barkas "burning in hell" comment

Their firm belief is that little Ben died on the day he went missing while playing near a farmhouse on the GREEK island - in what is being described as a ...


READ THE ORIGINAL POST AT www.tornosnews.gr

Beautiful 2 200 Year Old Mosaics Discovered In

In the ancient Greek City, Zeugma, which is located in today’s Turkey, unbelievable mosaics were uncovered, dating back to the 2nd century BC, but incredibly well-preserved and look as beautiful and stunning as the first day. The site came to the ...


READ THE ORIGINAL POST AT spasique.com

Loans, planned railways, arms: What China has done for its 'friends'

China is depicted by various reports as the "savior" of Greece, a country suffering from an economic tragedy. According to The Globalist, China is interested in Greece mainly because it is the "attractive entry point" of Chinese investment in the European ...


READ THE ORIGINAL POST AT www.rappler.com

Tara Reid steps out as a Greek goddess at Halloween party

NEW fears for Tara Reid’s health have been sparked after she revealed her tiniest frame yet. The American Pie star was out partying in Hollywood when she was snapped looking very slender. Wearing a tiny two-piece as a costume, the actress’s small ...


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

Mailbag: Gorillas, Qantas Awards on China Eastern and Shoulder Season Greece

Paul asks: I noticed one of your latter slides in the Chicago Seminars deck mentioned the Democratic Republic of Congo as a site for gorilla trekking. As I didn’t attend, I lack context. I aspire to a trip that will include gorilla trekking, and thought ...


READ THE ORIGINAL POST AT rapidtravelchai.boardingarea.com

Greek Judges Say SYRIZA Pressuring Courts for Favorable Decisions

Greece’s highest administrative court officials said the ruling SYRIZA is trying to interfere with the courts review of some critical cases. The post Greek Judges Say SYRIZA Pressuring Courts for Favorable Decisions appeared first on The National Herald.


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Obama visit to Athens to focus on debt, refugees and Turkey

The management of Europe's refugee crisis, the prospects for a Greek debt restructuring, the unpredictable behavior of Turkey, GREECE'S role in the ...


READ THE ORIGINAL POST AT info-europa.com

Concerns over Turkey prompt frenzy of diplomacy

Meanwhile GREEK defense officials are concerned for two reasons: firstly due to an increase in transgressions of GREEK air space by Turkish jets in ...


READ THE ORIGINAL POST AT info-europa.com

Egyptians are losing patience with President al-Sisi over the tanking economy

[Egyptians gather to buy subsidized sugar from a government truck after a sugar shortage in retail stores across the country in Cairo, Egypt, October 14, 2016. REUTERS/Amr Abdallah Dalsh]Thomson Reuters CAIRO (Reuters) - A cartoon which appeared on social media shows a drowning Egyptian, only his hand protruding from the depths, waving for help. The next strips show President Abdel Fattah al-Sisi diving in, taking the drowning man's watch and turning away. The cartoon captures the mood of desperation and anger among Egyptians clobbered by tax rises, soaring food price inflation and cuts in state subsidies. Some fear a repeat of the mass street protests that drove Sisi's two immediate predecessors from power. Core inflation is at seven-year-highs, near 14 percent, as a foreign exchange shortage and a hike in customs duties bite hard in a country that imports everything from sugar to luxury cars. The government raised electricity prices by 25-40 percent in August and is phasing in a 13 percent value-added tax approved by parliament in the same month. As part of reforms aimed at clinching a $12 billion IMF loan needed to plug its gaping budget deficit, the government is also expected to cut petrol subsidies and devalue the Egyptian pound, prompting a further cycle of inflation in Egypt, where tens of millions rely on state-subsidized bread. "Prices are rising daily, not monthly," said Gamal Darwish, a civil servant, as he queued to buy subsidized sugar in Cairo. "This situation will push people to do bad things. It could slip out of hand and the government will not be able to control it because if the poorest cannot get enough to eat they will steal. If someone has children to feed, what will he do?" The government has tried to win public support for the austerity measures with a billboard campaign and media blitz and has also sought to expand social security schemes to shield the poorest from the effects of the rising prices. But many Egyptians who would not qualify for such schemes complain they can no longer afford meat, while sugar shortages have driven fears of an impending food crisis. Social justice was one of the key demands made by protesters during the 2011 revolt that ended Hosni Mubarak's 30-year rule.In 2013 Egyptians again filled the streets to protest against Mohammed Mursi, the Muslim Brotherhood official who was democratically elected after the uprising but presided over a year of power cuts, petrol shortages and economic turmoil. Three years after Sisi, an army general, ousted Mursi and seized power, his promise to restore stability is wearing thin. The arrival of sugar in a government van caused a frenzy in the working class district of Sayyida Zeinab on Tuesday, as people jostled, 10-pound-notes in hand, for 2-kilo rations. "After two revolutions, the Egyptian people are going backwards not forwards," said Abdel Hasib Ahmed Mohamed, a middle-aged court employee watching the sugar scrum. "We are heading for an explosion and this time it won't be peaceful." NO EASY ANSWERS[EGYPT'S PRESIDENT ABDEL FATTAH AL-SISI ATTENDS A NEWS CONFERENCE WITH GREEK PRIME MINISTER ALEXIS TSIPRAS AND THE CYPRUS' PRESIDENT NICOS ANASTASIADES (UNSEEN) AT THE EL-THADIYA PRESIDENTIAL PALACE IN CAIRO, EGYPT, OCTOBER 11, 2016. REUTERS/AMR ABDALLAH DALSH]THOMSON REUTERS For the government, the case for economic reforms and the need to seal a planned three-year lending program with the International Monetary Fund is clear. Egypt's economy is likely to grow 3.5 percent in the 2016/17 fiscal year, a Reuters poll showed on Thursday, missing the government's target of about 5 percent and dipping below last year's growth rate. The budget deficit is near 10 percent of national output. The foreign currency shortage has made it hard for firms to import and foreign investors to repatriate profit. Some have shut shop after nearly two years of capital and import controls. Dollar rationing at banks has driven businesses toward the black market where the dollar is now selling for more than 15.5 pounds - a huge mark-up from the official rate of about 8.8. Egypt's IMF program has yet to win the lender's final approval because the government must first muster $6 billion in bilateral financing, giving it the cash buffer it needs to devalue and ditch its fixed exchange rate. The IMF has said it is helping Egypt to secure the necessary funds. The government said this week it had secured 60 percent of the bilateral funds, boosting foreign reserves to $19.6 billion in September. Central Bank Governor Tarek Amer has said he would consider floating the pound once reserves hit $25 billion. But the rising prices and periodic shortages in state-subsidized food have forced the government to increase its purchases, burning rapidly through those newfound dollars when it is meant to be cutting spending. The pound's continued depreciation on the black market since the IMF deal was announced in August also poses a big challenge. If the central bank makes a meager adjustment in the exchange rate, economists say, downward pressure will continue to mount on the pound. But if it makes a 6-8 pound adjustment, the political and social impact could be explosive. Although the black market rate is already priced in across much of the private sector, a steep devaluation would prove costly for the government, which imports thousands of tonnes a month of vital commodities including wheat and oil for its food subsidy program as well as gas for its power stations. Rumors have spread that Nov. 11 will be a day of protest over economic conditions. Police have already detained about 70 people for inciting protests, accusing many of loyalty to the Muslim Brotherhood. Under Sisi the Islamist group has been banned as a terrorist organization - a charge it rejects. "Food price inflation in Egypt .... fell a bit year-on-year in September, but for the poor it is still for me at a level that is politically toxic," said Angus Blair, Chief Operating Officer at Pharos Holding, a Cairo-based investment bank. "It is a worry, especially with calls for a demo on Nov. 11." "NO VISION" [EGYPTIAN ACTIVISTS SHOUT ANTI-PRESIDENT ABDEL FATTAH AL-SISI AND GOVERNMENT SLOGANS DURING A DEMONSTRATION PROTESTING AGAINST THE GOVERNMENT'S DECISION TO TRANSFER TWO RED SEA ISLANDS TO SAUDI ARABIA, IN FRONT OF THE PRESS SYNDICATE IN CAIRO, EGYPT, APRIL 13, 2016. THE SIGN READS, ]THOMSON REUTERS In his speeches, Sisi has sought to persuade Egyptians that a collective sacrifice is necessary to save the country from financial ruin, even urging people to donate fakka, or spare change, in comments that drew online derision. But Sisi, who has crushed the Brotherhood and jailed secular dissenters, has also warned that the army could be deployed within six hours in case of trouble on the streets. There has been no sign so far of the mass protests of 2011 or 2013, though anger over an increase in social housing costs turned into a street demonstration by hundreds last week in Port Said, near the mouth of the strategic Suez Canal. Fear for the future is not limited to poorer Egyptians, and businessmen who struggle daily with the dollar crisis are among the most concerned. "The dollar crunch is so bad that things have been piling up at the port for a long time and you cannot get them out. Dollars are not available... and the situation is deteriorating," said Ashraf Morcos, who runs an import-export company. Some new policies seem at odds with the government's reform drive. For example, the Supply Minister said this week the state would increase, not cut, subsidies on food smart cards, which give Egyptians points to claim against bread and other items. "This government has no vision, it is not transparent about its policies," said Morcos. "At this point, the country doesn’t need rhetoric. People need their basic necessities, to eat and drink..." (Additional reporting by Mohamed Abdellah; Editing by Gareth Jones)


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Countries Most Critical of Russia Sanctions Least Affected

It’s not just Italy. The Financial Times reports that there were reservations about fresh sanctions in Austria, Cyprus, Greece and Spain. PSIG found that Austria has suffered disproportionately from the embargo. Its exports to Russia have shrunk 4.6 ...


READ THE ORIGINAL POST AT atlanticsentinel.com