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Sunday, November 6, 2016

Tsipras adds more ministers to ‘finish the difficult marathon’

If there is one electoral promise that most political leaders in Greece failed to honor once elected to power, it is the size of their cabinet


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Crisis of Democracy

… according to the Greeks’ is  An apocalypse (Ancient Greek: ἀποκάλυψις apokálypsis, from ἀπό and καλύπτω meaning "uncovering"), translated literally from Greek …


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Russia, Greece: Strong Friendship Neither NATO nor EU Can Ruin

With the growing tensions between Russia and the West hitting the headlines, Moscow and Athens continue to develop their bilateral relationship in all areas. On November 1-2, Russian Foreign Minister Sergey Lavrov visited the friendly country – a NATO ...


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Arab investors see opportunities despite snags, conference hears

However, a series of problems were also highlighted regarding GREEK-Arab economic relations, from practical ones such as in financing, to cultural ...


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GREEK police arrest four people smugglers

Athens (dpa) - GREEK police arrested four people smugglers attempting to transport 20 migrants by ferry from the GREEK island of Samos to Piraeus.


READ THE ORIGINAL POST AT en.europeonline-magazine.eu

'General Hospital' Week In Review: GREEK Week

I throughly enjoyed General Hospital last week. I loved that the focus was on the characters' point of views and the choices they made based on their ...


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Olympiakos beats Panathinaikos 3-0 to take 7-point lead

ATHENS, Greece (AP) — First-half goals from Alberto Botia, Tarik Elyounoussi and Brown Ideye secured defending champion Olympiakos an easier-than-expected 3-0 win over rival Panathinaikos in the Greek league on Sunday.


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Macedonia seeks to join TAP gas project

Macedonia is seeking to be part of the Trans Adriatic Pipeline (TAP) project that will transport Azerbaijani gas to Europe, via GREECE and Albania, ...


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ODC to convert fifth Greek vessel Olympic Target

Oman Drydock Company (ODC) has bagged a contract to convert the fifth Greek giant ship Olympic Target, an ore/crude oil carrier to a crude oil only carrier. The company has bagged the new contract following successful completion of similar contracts for ...


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“It’s Better back Home”: Invaders in Greece

The ongoing refugee hoax has been definitively exposed with the news that thousands of Syrians, Afghans, Iraqis, and Iranians have returned home—because they don’t want to stay in Greece. At least 4,000 invaders have been shipped back from Greece by ...


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Bard professor appointed Greece’s minister of economy and development

ANNANDALE-ON-HUDSON >> Economist Dimitri B. Papadimitriou, president of the Levy Economics Institute of Bard College and executive vice president and Jerome Levy Professor of Economics at Bard College, was appointed Greece’s minister of economy and ...


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GREEK organizations at UGA use GreekLifeEdu online course during initiation

Molly Burke, associate director at EverFi, said 34 GREEK organizations across the nation — 20 of which have UGA chapters — are requiring their ...


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Political Leaders’ Meeting on Establishing National TV Council Postponed

Political party presidents will not meet on Monday to discuss the establishment of the board of Greece’ National Council for Radio and Television (NCRTV) as scheduled. The meeting is postponed and will take place on Thursday at 15:00, according to the House Speaker Nikos Voutsis announcement. The rescheduling was due to the necessary changes in the parliamentary […]


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Facebook Adds “Ancient Greek” as Language Choice

Facebook has added ancient Greek as one of the languages users can choose. Those who want to choose ancient Greek as their main language can do so by following these steps: “Settings” -> “Language” —> Select your language  “Ancient Greek” -> “Save changes” When you save Ancient Greek as a language, from then on messages will […]


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Princeton University Athens Center for Research and Hellenic Studies Inaugurated

Princeton University has inaugurated the Athens Center for Research and Hellenic Studies in Athens, a project three years in the making. “An academic home in Greece embodies some of the key goals of the Stanley J. Seeger Hellenic Fund, established in 1979,” said Dimitri Gondicas, founding director of the Seeger Center for Hellenic Studies. “Creating the Princeton […]


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Once again things are out of control in Greece,rioters set garbage bins and chairs and tables of cafes on fire

Greece accuses Golden Dawn leaders of running neo-Nazi pimp network before release pending trial.Greece accused the leaders of the far-Right Golden Dawn of running an alleged criminal underworld Tuesday, as four MPs appeared before Athens magistrates.


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Greek prime minister reshuffles cabinet to boost bailout reforms

At over €320bn (£285bn), Greece’s debt pile is regarded as its biggest impediment to economic recovery. In a move aimed at placating the lenders who have thrice bailed out Greece since its economic near-collapse six years ago, the respected US-based ...


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Greek Visually Impaired Pupils Win International Award for Making Tactile Map

Three Greek pupils with visual impairment won first prize in an international map painting competition. The international competition is titled the “Barbara Petchenik Competition” and the theme was “My place in today’s world.” Three pupils of the ...


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The pros and cons of drinking protein shakes after exercising

What's the first thing you do immediately after a workout? Grab a protein shake, right? You may want to reconsider. Samantha Heller, registered dietitian, exercise physiologist, and host of SiriusXM's Doctor Radio, breaks down the best times to reach for the protein and discusses the popular brand Muscle Milk. When asked for comment, CytoSport, the maker of Muscle Milk, responded with the following: > When she refers to 310 calories and 32 grams protein, she is > referencing the serving size we recommend for "individuals looking > to build size and gain muscle mass." We recommend a serving size > that provides 150 calories and 16 grams of protein for those wanting > "fewer calories." >  > The particular smoothie she mentions that includes 6 oz non-fat > Greek yogurt, medium banana, 1 tablespoon of honey and 1 tablespoon > of ground flax seed would provide 310 calories, 20 grams protein, 52 > grams carbohydrate (with 37 grams sugar). >  > Examples of activities that consume approximately 300 calories for a > 160 lb individual: 1 hour leisurely biking; 1 hour of resistance > training; ½ hour of running moderately (5 mph); 45 minutes swimming > laps leisurely; and 1 hour walking (3.5mph). >  > Muscle Milk products are designed to provide high quality milk > protein in a form that is great tasting and convenient and without a > lot of sugar or carbs (that is why we use artificial sweeteners) for > active individuals. >  > Acesulfame Potassium is an artificial sweetener that is 200 times > sweeter than sugar so a little provides great sweetness without > adding calories/carbohydrates (this is the benefit of artificial > sweeteners — also called "low calorie sweeteners"). >  > Acesulfame potassium was approved by FDA in 1988 (so has been in use > for more than 25 years); approved by Joint Expert Committee on Food > Additives of the United Nations, World Health Organization and > European Union’s Scientific Community on Food. >  > We know some people want to avoid artificial sweeteners so we make > products for them – Muscle Milk Organic and Muscle Milk Naturals > (both sweetened with cane sugar and stevia extract)." _Editor's Note: This video was originally created in March 2015._ FOLLOW BI VIDEO: On Twitter  


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Here's what Donald Trump and Hillary Clinton would mean for the US economy

[clinton trump]Getty The 2016 US presidential election is just around the corner, and it has been a most extraordinary and unusual race – not least because its outcome holds significant implications for the US economy and for investors. To understand the impact a Hillary Clinton or Donald Trump win could have on these areas, we must first examine the platforms of the two candidates in a variety of key areas – albeit with the caveat that their platforms have changed over time, particularly Trump's. PLATFORM DETAILS _GOVERNMENT SPENDING_ Clinton shares the Democratic Party's traditional views on spending: She plans an increase in government expenditures in a variety of areas, including education, clean energy and health care. Most notable are her plans for infrastructure spending: She plans to spend USD 275 billion on infrastructure, including establishing a USD 25 billion national infrastructure bank and issuing USD 250 billion in infrastructure grants. All told, the National Taxpayers Union Foundation (NTUF) projects that Clinton's proposals would result in increased spending of USD 169 billion per year. Trump's spending plans are not as fiscally conservative as those you would find on a typical Republican Party platform, given his plans to spend more in certain areas. For example, Trump says he will spend on infrastructure at least double the amount of money that Clinton has proposed, although he has not provided much in the way of hard numbers. Trump also plans to spend more on other areas, such as defence, while maintaining Social Security spending. But while he has outlined some broad proposals, he also wants to make significant cutbacks in current government spending. At the same time, he has not been specific on where those cuts would come from, instead suggesting that significant cost savings can be found by eliminating fraud. As a result, the NTUF projects that Trump's proposals would result in a net decrease in spending of USD 56 billion per year. The NTUF says Clinton would increase government spending by USD 169bn a year, while Trump would decrease it by USD 56bn per year _TAXATION_ Clinton's tax platform, like her proposed spending initiatives, is also in line with the Democratic Party's traditional ideology. Most of her policies would disproportionately impact high earners by increasing taxes on high-income individuals and estates, and by limiting deductions. She would also disincentivize short-term holdings of securities by changing the requirement to qualify for the lower long-term capital gains rate to a holding period of six years; investments held for a shorter period of time would be taxed at a higher capital gains rate. In terms of corporate tax policies, Clinton's plan uses a "carrot and stick" approach, which would incentivize what is perceived to be responsible corporate behavior and penalize that which is not. For example, her proposals discourage activities in the financial markets that are "non-productive", such as high-frequency trading, and they also disincentivize tax-inversion mergers through the use of an "exit tax". Clinton would offer tax credits for businesses that share profits with employees and hire apprentices. Moreover, she plans to eliminate tax benefits that are currently in existence for traditional energy; instead, she would provide those benefits to clean energy. In total, the Tax Foundation estimates that Clinton's tax proposals will result in a net increase in revenue to the US government of USD 1.1 trillion over 10 years. For his part, Trump has proposed a fairly traditional Republican platform on taxation: In general, he plans to simplify and lower taxes. In terms of income taxes for all households, he would like to move from seven personal income-tax brackets down to three, streamline deductions and repeal the estate tax. Clinton plans to increase taxes on high-income earners and limit deductions, while Trump plans to simplify and lower taxes – especially for corporations In terms of the corporate tax rate, Trump proposes to reduce it from 35 per cent to 15 per cent, which would be a dramatic decrease. Trump also proposes a one-time repatriation tax of 10 per cent on corporate profits held overseas. Trump's corporate tax platform would significantly improve the tax competitiveness of the US relative to other countries. However, his tax cuts would cause a substantial drop in tax revenue; the Tax Foundation estimates that Trump's tax proposals will result in a net decrease in revenue to the US government of USD 23.9 trillion over 10 years. [A general view of the U.S. Internal Revenue Service (IRS) building in Washington May 27, 2015. REUTERS/Jonathan Ernst ]Getty _REGULATION_ Under Clinton, there would in general be a higher level of regulation, particularly with regard to the financial-services industry. For example, one Clinton proposal is to assess a new "risk fee" on banks with assets of more than USD 50 billion. In addition, Clinton plans to raise minimum wage to USD 12 per hour. If the minimum wage is raised, expect industries with a high percentage of minimum-wage workers to get hit hardest: largely restaurants, retail and hospitality. However, an increase in the minimum wage is likely to result in higher spending among lower-income groups, who typically spend most of what they earn. Trump has made reducing regulation a cornerstone of his campaign. _IMMIGRATION_ The two candidates' positions on immigration are starkly different. Clinton favours a pathway to citizenship for the 11.3 million undocumented immigrants living in the US, while Trump has said he plans to deport these 11.3 million people from the US. However, it is important to note that these immigrants represent 3.5 per cent of the US population and 5.1 per cent of the labour force, and their deportation would incur significant costs for the US economy – hurting the housing, construction and agriculture industries, in particular. Immigrants represent 3.5 per cent of the US population and 5.1 per cent of the labour force _TRADE_ While Trump's proposals are fiercely protectionist and at odds with traditional Republican views, Clinton has also recently come to favour protectionist policies. Most notably, her switch from supporting to opposing the Trans-Pacific Partnership (TPP) underscores a fundamental change that was likely brought on by the popularity of the anti-trade Bernie Sanders, whom she defeated in the primary elections. However, if elected, Clinton will likely end up adopting a more moderate stance than Trump, who regularly takes swipes at China and has proposed dismantling the North American Free Trade Agreement. Trump could potentially ignite a trade war with his commitment to impose tariffs on US trading partners. ANALYSIS Central bankers, including those in the US, have lamented the absence of fiscal stimulus over the past decade, as it left a vacuum that has to a certain extent been filled by monetary stimulus. Yet monetary policy can only do so much; it is a blunt instrument, not a surgical tool. Fiscal spending, on the other hand, can boost an economy in a way that monetary policy alone cannot. Every 1 dollar spent on infrastructure could produce 2.20 dollars in economic benefits John Maynard Keynes was an early and strong proponent of exercising fiscal policy to help stimulate growth and attain full employment. Keynes said that "opportunities for employment are necessarily limited by the extent of aggregate demand" – which means that aggregate demand needs stimulus from a source such as fiscal policy in order to increase employment. Many economists have come to believe in Keynes' theory that fiscal policy can be effective in reducing unemployment. More specifically, in a recession, expansionary fiscal policy can be stimulative: Increased public spending can help boost private spending and investment. Yet although fiscal spending has a positive multiplier effect, it varies by type of spending. The Congressional Budget Office (CBO) has done significant research on this topic and provides a range of multiplier effects for each type. * Government purchases can have a multiplier effect as high as 2.5. * Benefit payments to individuals (including Social Security) have a multiplier effect as high as 2.1. They are typically very effective ways to boost aggregate demand – and presumably employment – because many lower-income Americans are recipients of such benefits payments, and they are more likely to spend disposable income rather than save it, putting that money back into the economy. * Infrastructure spending can have a multiplier effect as high as 2.2, meaning that every 1 dollar spent on infrastructure could produce 2.20 dollars in economic benefits. A 2005 research paper by Isabelle Cohen, Thomas Freiling and Eric Robinson is even more positive: "In better economic times, spending on infrastructure construction generates a larger return. Yet even in a recession, the overall effects of initial spending still double output as they ripple through the economy." Monetary policy can only do so much; it is a blunt instrument, not a surgical tool It is important to note that multiplier effects can vary greatly; they are not stable over time or over regions, and they depend on a variety of factors. Therefore, the economic impact of any particular type of spending can at times be far lower than its multiplier estimate. Not surprisingly, as is the case with government spending, tax policies have different multiplier effects depending on the type of taxation and the people the taxes benefit. However, it is important to note that, like monetary policy, tax cuts have an indirect impact on the economy and employment because they are dependent upon market-participant psychology. In other words, people may or may not spend the savings they receive from tax cuts. In the case of the tax cuts implemented in the wake of the Great Recession in the US, some of their effectiveness is believed to have been limited because they were used for the purposes of deleveraging rather than spending. In addition, the efficacy of tax cuts depends on who receives the benefits. Typically, when people with lower incomes receive tax cuts, there is a greater likelihood that money will be spent rather than saved. This is borne out in statistics from the CBO: One-year tax cuts for higher-income people have a multiplier effect as high as 0.6, while two-year tax cuts for lower- and middle-income people have a multiplier effect as high as 1.5. Tax cuts for lower-income people have a potentially higher multiplier effect than those for the wealthy Clinton's proposed platform would result in higher fiscal spending across a broad range of categories, some of which – particularly infrastructure spending – have historically had a significant impact on the overall US economy. While Trump's proposed government spending would be much less, and therefore provide less of an economic boost, he actually proposes a higher level of infrastructure spending. One caveat for both candidates' proposals is that it could take time for infrastructure spending to be transmitted into the economy, given the bureaucratic requirements – such as environmental impact statements and contract bidding – these projects involve. In terms of personal tax policies, Clinton's proposals should be economically stimulative given that her tax cuts would go to lower-income individuals who are more likely to spend the funds. With regard to corporate tax policy, Trump's plan would be stimulative: Cutting the corporate tax rate would make the US more competitive and business-friendly, which should help attract and retain companies that can then employ workers. Clinton's personal tax policies should be more economically stimulative than Trump's, but his corporate-tax plan should make the US more competitive and business-friendly Clinton's policies on trade and immigration are likely to be more stimulative than Trump's policies, which could usher in a recession if they sparked a trade war and triggered mass deportations. According to Moody's, Trump's trade policies alone could result in USD 85 billion in lost US exports by 2019; they could also cause a 3 per cent jump in US consumer prices due to materially higher import tariffs. However, Clinton's emphasis on higher regulation, including her proposed increase in the minimum wage, would likely be a drag on economic growth. Conversely, Trump's ideas about regulation would probably not create a drag on growth and could be stimulative. In terms of public finances, the federal deficit – which is already set to accelerate due to baby-boomers aging and retiring – would grow far more dramatically during a Trump presidency. That's because he plans to cut tax revenues dramatically while maintaining a similar level of spending. He has vague plans to pay for spending through cost savings that will come from stamping out fraud; however, there is not enough fraud to achieve the cost savings he would need. It is important to stress that these platforms are just proposals, and that they require negotiations and the approval of the US Congress before they come to fruition. Moreover, the composition of Congress will be critically important in determining whether these policy stances become reality – and 34 Senate seats and all 435 House of Representatives seats are in play. The US Congress will determine which policies become reality – and the vast majority of Congressional seats are in play Given current projections, the most likely scenario under a Clinton presidency is a divided Congress, which may mean that only a few of her proposals – the ones with appeal among both Republicans and Democrats – will likely come to pass. That is most likely to include infrastructure spending, given its broad appeal. In a Trump presidency – assuming a Republican Congress – infrastructure spending and corporate tax reform would have a far higher chance of being passed. But even watered down, his plans would still add significantly to the national deficit, something Republicans have been staunchly opposed to in the past. [Republican presidential nominee Donald Trump reacts during a campaign event in Selma, North Carolina, U.S. November 3, 2016. REUTERS/Carlo Allegri]Getty MARKET UNCERTAINTY Stocks typically react positively to predictability, so our expectation is that the market will react more positively – at least in the near term – to a Clinton victory. This is particularly true if Republicans were to maintain control of Congress, because they would likely block most if not all of Clinton’s initiatives – ensuring the kind of gridlock that the market appreciates. But what we’ve learned from the UK’s Brexit vote is that people may not tell the truth to pollsters if they think their views are unpopular. A surprise Trump victory in November is still possible, even though he is currently behind in the polls, and it seems likely that the market will react negatively to that scenario, given the great uncertainty it entails. A number of Trump’s positions are short on details and far from traditional Republican positions, particularly when it comes to trade and Social Security. In fact, the overall uncertainty around Trump and just what kind of president he would be – given his unconventional style and the many changes he has made to his positions since the start of his candidacy – could create longer-term volatility and depress stocks for months. A surprise Trump victory in November is still possible: The Brexit vote showed that people may not tell the truth to pollsters if they think their views are unpopular In addition, Trump also has a unique position on US debt, which might impact the "safe-haven" status of US Treasuries and could undermine market confidence. Trump suggested this spring that the US could renegotiate its debt obligations to pay its debt holders less than face value on US Treasuries, similar to what Greece has done. This could roil capital markets. INVESTMENT IMPLICATIONS This commentary is of course not intended to be an endorsement or indictment of any presidential candidate. Where we are focusing our attention is on the market's reaction to this year's ongoing election developments, and we have identified a few key investment implications: * A Clinton victory could result in a sell-off of pharmaceutical and biotech stocks, and possibly financial-services stocks, on the assumption that her administration would more heavily regulate these industries – regardless of whether or not that assumption is correct. * A Trump victory could result in a short-term sell-off in stocks, a flight to gold and a rise in the US dollar * In this "all bets are off" election, investors might want to prepare for more volatility by increasing their focus on tactical asset allocation and sector allocation – and on downside protection. * Investors may also want to take a close look at the risk-mitigation and diversification benefits that alternatives provide. * It continues to be important to pursue alpha with active management, since beta returns are set to be low and volatile, which could undermine cheap index investments. _Investing involves risk. The value of an investment and the income from it will fluctuate and investors may not get back the principal invested. Past performance is not indicative of future performance. This is a marketing communication. It is for informational purposes only. This document does not constitute investment advice or a recommendation to buy, sell or hold any security and shall not be deemed an offer to sell or a solicitation of an offer to buy any security._ _The views and opinions expressed herein, which are subject to change without notice, are those of the issuer or its affiliated companies at the time of publication. Certain data used are derived from various sources believed to be reliable, but the accuracy or completeness of the data is not guaranteed and no liability is assumed for any direct or consequential losses arising from their use. The duplication, publication, extraction or transmission of the contents, irrespective of the form, is not permitted._ _This material has not been reviewed by any regulatory authorities. In mainland China, it is used only as supporting material to the offshore investment products offered by commercial banks under the Qualified Domestic Institutional Investors scheme pursuant to applicable rules and regulations._ _This material is being distributed by the following Allianz Global Investors companies: Allianz Global Investors U.S. LLC, an investment adviser registered with the U.S. Securities and Exchange Commission (SEC); Allianz Global Investors GmbH, an investment company in Germany, authorized by the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin); Allianz Global Investors Asia Pacific Ltd., licensed by the Hong Kong Securities and Futures Commission; Allianz Global Investors Singapore Ltd., regulated by the Monetary Authority of Singapore [Company Registration No. 199907169Z]; and Allianz Global Investors Japan Co., Ltd., registered in Japan as a Financial Instruments Business Operator [Registered No. The Director of Kanto Local Finance Bureau (Financial Instruments Business Operator), No. 424, Member of Japan Investment Advisers Association; Allianz Global Investors Korea Ltd., licensed by the Korea Financial Services Commission; and Allianz Global Investors Taiwan Ltd., licensed by Financial Supervisory Commission in Taiwan._ NOW WATCH: A mysterious cloud moving 700,000 mph is going to collide with our galaxy — here's what will happen


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Meanwhile, In Greece...

Following the inauguration of Golden Dawn offices in Xanthi overnight, an anti-fascist rally marched through the streets of the North-Eastern Greek town to protest the right-wing extremists. However, once the rally was over the situation rapidly got out of ...


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Hillary Clinton to push for economic recovery and debt relief for Greece

Presidential candidate Hillary Clinton released her official positions on issues that are crucial for Greek Americans and Greece, including efforts to achieve economic recovery and debt relief. Clinton is the first of the two candidates to address issues ...


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GREEK sworn-in ministers say they will work for country's development

GREEK government will help the country exit from the crisis and set it on a path towards growth, the Digital Policy, Telecommunications and Media ...


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Most Greek respondents reject bailout policies: survey

ATHENS, Nov. 6 (Xinhua) -- According to an opinion poll published on Sunday, most Greek respondents in the survey reject the bailout policies implemented since 2010 to address the debt crisis. The survey was carried out by Kappa Research polling firm ...


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Greek Cypriots believe a solution has never been closer but majority think Swiss efforts will ultimately be unsuccessful – poll

A poll carried out by Sigma and published on Sunday following President Nicos Anastasiades’ televised press conference on Friday night, found that 56 per cent of respondents believe a solution is closer than it ever has been before, while 44 per cent did ...


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Greek PM: Everyday Life of Citizens is Our Top Priority

“People’s every day life is our top priority,” stated Greek Prime Minister Alexis Tsipras on Sunday, addressing his new cabinet after Friday’s reshuffle. Tsipras gave the signal for the completion of the second bailout program review saying that ...


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A Historical Tour of the Greek Islands

If Mykonos is on your Greek island tour, don’t miss Delos. It is a quick ferry ride away. Be prepared to see an amazing and extensive ruins site. While many of the ruins are not as impressive as you will find visiting Athens, they are rich in history.


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Restored Apostolos Andreas monastery to be delivered on Monday

The delivery of Phase A was announced by the GREEK Cypriot co-chairman of the Technical Committee Takis Hadjidemetriou on his personal account ...


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GREEK doctors continue to emigrate abroad despite shortages in the country

The emigration of GREEK doctors abroad continues for the sixth consecutive year, despite the fact that public hospitals show alarming shortages.


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Report: Obama intends to make lasting impression with Athens legacy speech

US President Barack Obama is planning to deliver what American officials have described to GREEK daily newspaper Kathimerini as a “legacy speech” ...


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GREEK police evacuate racist 'militia' from Mosque construction site

A GREEK police operation was launched early on Friday morning to evacuate the site in Votanikos, where a Mosque will be constructed, after it was ...


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More than 50,000 Athletes Expected in this Year’s 34th Athens Marathon, Says Organiser

More than 50,000 athletes will participate in the 34th Athens Marathon which will be held on November 13, following the historic route of Pheidippides, the dispatch-runner who brought Athens news of the Greek victory against the Persians at Marathon and then collapsed. “We’re happy this year to have more than 50,000 runners, but I want […]


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Greek PM: Citizens' every day life our top priority

Greek government's first priority is the battle for every day life and for this reason a new ministry is formed headed by State Minister Alekos Flambouraris, stated Prime Minister Alexis Tsipras on Sunday addressing the new cabinet after the government's ...


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Cypriot leaders to meet in Switzerland for ‘intense talks’

Turkish and Greek Cypriot leaders will meet for intensive negotiations from Nov. 7 at Mont Pelerin, near Lake Geneva, in the presence of the U.N. envoy for Cyprus, Norwegian diplomat Espen Barth Eide, in U.N.-backed peace talks aimed at solving one of the world’s longest-running political crises


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TV Picks for Nov. 6: ‘The Durrells in Corfu’ on KCTS

… ” on HBO. ‘The Durrells in Corfu’ In this new PBS drama … who moves to the Greek island of Corfu in 1935 with her …


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Oman Drydock gets fifth Greek vessel for conversion

Oman Drydock Company has bagged a contract to convert the fifth Greek vessel from ore/crude oil carrier to just crude oil carrier. After successfully completing conversion of four vessels in the ‘Olympic’ series, it received the fifth one – Olympic ...


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Brockton's Greek church celebrates a century of success

BROCKTON - It was a century of success. The Annunciation Greek Orthodox Church celebrated its 100th anniversary with a gala celebration on Saturday, Nov. 5, 2016 at The Shaw's Center. Joining Eminence Metropolitan Bishop Methodios Rev. John Kiramarios and ...


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Greek main opposition VP: Tsipras reshuffles cabinet to give his cronies jobs

In a Corfu press conference Saturday, the vice-president of New Democracy, Adonis Georgiadis, said: “Yesterday’s reshuffle confirmed all of New Democracy’s fears. The same people were recycled,with very few changes; his ministers’ and deputy ...


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The tech manager’s challenge: How to stay steeped in tech while focusing on leadership?

For me, the solution to this paradox comes from an unlikely source — Greek mythology. In The Myth of Sisyphus, Existentialist writer Albert Camus argued that you need to live your life under the illusion that a universal notion of right or wrong exists.


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Zakynthos Drowning in Garbage After Locals Block Entrance to Landfill

garbage The island of Zakynthos, western GREECE, is drowning in piles of garbage as garbage trucks have stopped collecting them for the past two ...


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Earnings Coverage: Analysis and National Bank of GREECE (ADR) (NBGGY) Earnings Review

Wall Street await National Bank of GREECE (ADR) (OTCMKTS:NBGGY) to release earnings on November, 7. The stock decreased 2.04% or $0.004 on ...


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Joseph Stiglitz and Jeroen Dijsselbloem clash on GREECE and the euro

American economist and Nobel laureate Joseph Stiglitz and the Eurogroup chief Jeroen Dijsselbloem clashed over the euro and GREECE, at an event ...


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Two gangs responsible for 2000 home break-ins across GREECE busted

Greek Police announced that two criminal gangs have been busted, following a number of arrests. According to the official report and press ...


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Greek PM: We are covering the last meters of a difficult marathon

Greek Prime Minister Alexis Tsipras on Sunday welcomed the new and old members of the Cabinet in the first meeting of the new Cabinet that is currently underway at the Greek parliament. Referring to the old members he said that "their role is now more ...


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‘Greece to finish bailout review on time’

Greece's Prime Minister Alexis Tsipras has vowed that a bailout review needed for the country to secure funds from international creditors will be finished within weeks. Tsipras said Sunday that Greece’s second bailout review will be concluded in time ...


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Medical Tourism In Greece Could Bring In €2 Billion By 2024

For years, Greece’s potential to attract tourists looking to obtain health care in a leisurely setting was widely discussed. Now, with a recently established institutional framework for medical tourism and launched joint actions between relevant ...


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Police Looking For Suspects Following Greece Pawn Shop Armed Robbery

GREECE, N.Y. -- Police are investigating an armed robbery in Greece that's left a store clerk shaken, but unharmed. Investigators say the incident happened just after 5 p.m. at Royal Crown Pawn Shop on Dewey Ave. They say one of the men was armed and the ...


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Doctors Continue to Emigrate Abroad, Despite Shortages in Greece

The emigration of Greek doctors abroad continues for the sixth consecutive year, despite the fact that public hospitals show alarming shortages. The majority of doctors who leave Greece for work prefer Europe. Most of them choose the United Kingdom, but this year the number of applications for the country has dropped significantly because of the […]


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Government Reshuffle was Done so that Tsipras can Find Jobs for his Friends, Says ND VP

“However the ministerial vehicle he selected is not functional and is not expected to accomplish anything significant for the Greek economy,” he added and reiterated his party’s call for elections, saying they are needed because Greece has no time to ...


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