Greek Prime Minister Alexis Tspiras has called for an “immediate” confidence vote in parliament over the resignation of a top minister, after his coalition government collapsed in a row over a name ch...
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How the world sees Greece
Sunday, January 13, 2019
Greek PM calls vote after top minister quits over name deal
Steve Stockmal talks music career, living in GREECE, technology Special
Santa Barbara - Veteran musician and drummer Steve Stockmal chatted with Digital Journal about his music career, living in GREECE and the impact of ...
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| READ THE ORIGINAL POST AT www.digitaljournal.com |
GREEK PM calls for confidence vote following key departure
The small Independent GREEKS party, headed by Defence Minister Panos Kammenos, had been in an increasingly uncomfortable cohabitation with ...
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| READ THE ORIGINAL POST AT www.vaticannews.va |
UN welcomes progress in former Yugoslav Republic of Macedonia naming dispute
The Secretary-General’s Personal Envoy for the naming dispute between Greece and the former Yugoslav Republic of Macedonia (FYROM), Matthew Nimetz, has welcomed the former Yugoslav Republic of Macedonia parliament’s decision to ratify an agreement on a new name for the latter country, following a dispute that has lasted some 28 years.
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| READ THE ORIGINAL POST AT news.un.org |
Review: ‘Weightless’ Finds Lovely Moments in a Grim Greek Myth
When you purchase a ticket for an independently reviewed play or musical through our site, we earn an affiliate commission. The story of the sisters Procne and Philomela is one of the truly gruesome G...
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Daybreak: Greece Unravels. May Faces Defeat. (Podcast)
In today’s Sydney Daybreak podcast, we cover the biggest stories that happened over the weekend with host Denise Pellegrini. Fractures in European politics are deepening. Jeffrey Gundlach is warning i...
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| READ THE ORIGINAL POST AT www.bloomberg.com |
Feature: Cannabis Expo in Athens introduces medicinal, economic advantages to Greek public
Hammered by ten years of financial crisis, GREECE as an entirely new market to cannabis is providing many business opportunities, according to ...
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| READ THE ORIGINAL POST AT www.xinhuanet.com |
Athens Hosts Huge Cannabis Exhibition
More than 150 cannabis exhibitors from GREECE and abroad participated in the Athens Cannabis Expo 2019 held at the Tae Kwon Do stadium in Faliro ...
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Israeli Energy Minister Steinitz arrives in Cairo for regional gas summit
Steinitz will participate in the regional energy summit along with energy ministers from GREECE, Cyprus, Jordan as well as representatives from the ...
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| READ THE ORIGINAL POST AT www.i24news.tv |
Reluctant reformer Tsipras keen to make Balkans history with Macedonia deal
Believing that he could persuade GREECE'S creditors to loosen the country's austerity straitjacket, Tsipras wasted no time in facing them down upon ...
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| READ THE ORIGINAL POST AT www.france24.com |
Santorini volcano (GREECE): earthquake swarm southwest off the island
An earthquake swarm has been occurring near the island since this morning. So far, 16 quakes of magnitudes between 2 and 3.9 and at depths ...
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| READ THE ORIGINAL POST AT www.volcanodiscovery.com |
The Network showed the “Tavria” made in GREECE
The vehicle was produced in GREECE in the city of Thessaloniki. Production has been launched on a common enterprise Ukraine – GREECE S. A. ...
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| READ THE ORIGINAL POST AT micetimes.asia |
Greece's PM faces confidence vote after coalition ally quits
Greek Prime Minister Alexis Tsipras said he will call a confidence vote in his government after his coalition ally quit, leaving him six seats short of a majority. His right-wing defence minister and ...
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| READ THE ORIGINAL POST AT www.aljazeera.com |
GREEK Prosecutor to Probe Allegations of Threats Against Nationalist MPs Over Prespa Vote
A GREEK prosecutor on Saturday ordered an investigation into allegations that lawmakers of the Independent GREEKS party (ANEL) received threats not ...
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
The Latest: US backs place in NATO, EU for renamed Macedonia
ATHENS, GREECE — The Latest on the deal between GREECE and Macedonia to end a long dispute over the Macedonia name (all times local):.
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| READ THE ORIGINAL POST AT www.tribtown.com |
Bieber: I expect some opposition MPs in GREECE to vote for Prespa Agreement
SARAJEVO – “I think that the Prespa Agreement is a historic event for two reasons – first, the dispute between GREECE and Macedonia has lasted for ...
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| READ THE ORIGINAL POST AT europeanwesternbalkans.com |
Alexis Tsipras to ask for the renewal of confidence in the government
The end of the government of cooperation was announced by the President of the Independent Greeks Panos Kammenos immediately after his meeting with Prime Minister and government p
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| READ THE ORIGINAL POST AT balkaneu.com |
Greek PM Tsipras faces confidence vote after minister quits
Greek Prime Minister Alexis Tsipras says he will ask for a vote of confidence in Parliament this week after the country's defense minister, who leads the coalition government's junior party, resigned
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| READ THE ORIGINAL POST AT abcnews.go.com |
Name Dispute: Western leaders rejoice, GREECE melts down
In reaction, GREECE'S Defence Minister Panos Kammenos resigned early January 13 and a vote of confidence in the remaining SYRIZA government is ...
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| READ THE ORIGINAL POST AT www.neweurope.eu |
FYROM FM says was assured GREECE "strongly committed" to name deal
He added that his country is sending a message to GREECE that it is “time for the two neighboring countries to make a step toward close, strategic ...
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
Greece's Tsipras on the Brink as Confidence Vote Looms This Week
Greece’s government unraveled, prompting Prime Minister Alexis Tsipras to call a confidence vote that could trigger an early election and end the leftist leader’s four years in power. In the euro area ...
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| READ THE ORIGINAL POST AT www.bloomberg.com |
Greek parliamentary row over Macedonia name change as Alexis Tsipras calls confidence vote
Greek Prime Minister Alexis Tspiras Sunday called an "immediate" no-confidence vote in parliament over the resignation of a top minister opposed to the country's name change deal with Macedonia. "We w...
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| READ THE ORIGINAL POST AT www.telegraph.co.uk |
Greece's Tsipras calls confidence vote after coalition partner quits
Panos Kammenos's Independent Greeks party objects to a deal reached with neighbouring FYR Macedonia over a long-standing name dispute.
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| READ THE ORIGINAL POST AT www.euronews.com |
Greek parliament speaker suggests January 16 for confidence vote
ATHENS (Reuters) - The speaker of Greece’s parliament will propose the vote of confidence in the government, called by Prime Minister Alexis Tsipras earlier Sunday, be held on Jan. 16, he said. Nikos ...
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Greece Edges Toward Political Uncertainty Over Macedonia Deal
ATHENS—Greece’s unlikely governing coalition of left-wing and right-wing populists was thrown into disarray Sunday after the defense minister resigned, a move that added uncertainty to resolving the n...
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| READ THE ORIGINAL POST AT www.wsj.com |
FYROM Premier Urges Greece to Seal Historic Name Deal
With his country having approved a name change, Former Yugoslav Republic of Macedonia (FYROM) Prime Minister Zoran Zaev said it’s now up to Greece to […] The post FYROM Premier Urges Greece to Seal Historic Name Deal appeared first on The National Herald.
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Novartis Whistleblower, Now Suspect, Barred from Leaving Greece
ATHENS – An unmasked whistleblower who is one of three who said 10 rival politicians of the ruling Radical Left SYRIZA-led coalition took bribes from […] The post Novartis Whistleblower, Now Suspect, Barred from Leaving Greece appeared first on The National Herald.
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
Menial, Low-Paid Jobs Cut Greece’s Unemployment Rate
ATHENS – A drop in Greek unemployment the government touted as another sign of a recovery was largely because of people being hired for low-paid […] The post Menial, Low-Paid Jobs Cut Greece’s Unemployment Rate appeared first on The National Herald.
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
Merkel, Mitsotakis Talked FYROM Name Deal, Greek Economy
ATHENS – German Chancellor Angela Merkel and Greece’s major opposition New Democracy leader Kyriakos Mitsotakis disagreed over the new name deal made with the Former […] The post Merkel, Mitsotakis Talked FYROM Name Deal, Greek Economy appeared first on The National Herald.
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Europe has made a political decision to go into recession
[MEXICAN DIVE FIRE] * INDUSTRIAL PRODUCTION IN ITALY, SPAIN, AND GERMANY WENT NEGATIVE IN NOVEMBER, ACCORDING TO DATA PUBLISHED LAST WEEK. * IT LOOKS LIKE EUROPE IS HEADING INTO A RECESSION. * EUROPE ADOPTED "AUSTERITY" MEASURES AFTER THE 2008 CRISIS, CUTTING GOVERNMENT FISCAL STIMULUS SPENDING. * THOSE CUTS HURT GDP GROWTH, LEAVING EUROPE'S ECONOMY PERMANENTLY SMALLER, ACCORDING TO OXFORD ECONOMICS AND THE IIF. * EUROPE LOST AN ECONOMY THE SIZE OF SPAIN BECAUSE OF IT. * "BY LOWERING GDP PERMANENTLY, FISCAL CONSOLIDATION INCREASED THE LONG-RUN DEBT BURDEN RATHER THAN REDUCING IT (AS WAS THE AIM)," OXFORD ECONOMICS ANALYST ROSIE COLTHORPE SAYS. Last week, three of Europe's biggest economies produced a horrible set of manufacturing numbers for November: INDUSTRIAL PRODUCTION: * Italy: down 1.5% * Spain: down 1.5% * Germany: down 1.9% Here are those numbers over time: [GDP] It looks like Europe is heading into recession, multiple economists say. Germany and Italy may already be in "technical recession." The tragedy is that the contraction is being helped along by a deliberate political choice made by Europe's own governments: Their effort to rein in deficit spending, to cut fiscal stimulus, and to balance their budgets in the 10-year aftermath of the 2008 financial crisis. "Austerity," as it's known, has shrunk the potential size of the European economy and retarded its ability to grow again. And now that the manufacturing sectors of Italy, France and Germany are all stagnating or shrinking, austerity is hurting their ability to pull out of the dip. That is the conclusion of analysts at both The Institute of International Finance and — in a paper published last week — Oxford Economics. Both independently looked at the difference between actual GDP growth in Europe and "potential" GDP growth, before and after the 2008 recession. In both studies, the analysts concluded that Europe inflicted on itself permanently lower actual GDP growth, following the crisis. EUROPE LOST AN ECONOMY THE SIZE OF SPAIN "Potential" is the implied trend of GDP growth based on history. When an economy shrinks it can become unable to grow back to its previous size if there is "a permanently lower labour participation rate, a large productivity shock [or] a lower capital stock as both governments and businesses slashed investment spending," Oxford Economics analyst Rosie Colthorpe says. Since 2008, Europe lost economic activity the equivalent of Spain's entire GDP, according to Colthorpe. Spain's GDP is about $1.3 trillion and the country employs about 19 million people, to give you an idea of just how much is "missing." While it is not directly the case that there would be an extra 19 million jobs in Europe if governments here had been more fiscally supportive, that is nonetheless the scale of the issue we're talking about. [GDP] After the 2008 crisis, Europe's governments feared a consequent debt crisis — a scenario in which the interest payments on their debt spending might be greater than their struggling economies could pay off. Greece did in fact fall into a debt crisis. So they proceeded cautiously on government spending and didn't cut taxes, to balance government books. EU rules ban government deficits that are greater than 3% of GDP. The result was less money sloshing around in Europe — and lowered economic growth. "Contractionary fiscal policy at the height of the crisis contributed to this enduring decline in both actual and potential output," Colthorpe told clients last week. She estimates that every 1% reduction in actual GDP caused by lowered fiscal activity led to a reduction in _potential _growth of the economy in the future by 0.6%, through 2015. It was like letting air out of a bouncing ball. It's ability to bounce back got worse the more it was deflated. ONCE EUROPE SHIFTED DOWN A GEAR, IT WAS UNABLE TO SHIFT BACK UP It didn't solve the debt issue either, Colthorpe says. By making its economy smaller, Europe became less able to handle its debts. "By lowering GDP permanently, fiscal consolidation increased the long-run debt burden rather than reducing it (as was the aim)," the told clients. And now Europe looks like this (chart below). Oxford Economics produces its own index of global economic indicators. Those countries flashing red, on the right-hand side? They are mostly in Europe. [GDP] Colthorpe concludes that if Europe does go into recession in 2019, it would be a huge mistake to repeat the policies of the post-2008 period. * Read more: * Germany, the 4th-largest economy, probably just went into an unexpected recession * Europe is faltering * Austerity has measurably damaged Europe: here is the statistical evidence Join the conversation about this story » NOW WATCH: An exercise scientist reveals exactly how long you need to work out to get in great shape
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Kammenos announces his party withdrawal from Government
Defence Minister and ANEL (The Independent GREEKS) leader, Panos Kammenos has announced his party will be withdrawing from Greece's coalition ...
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| READ THE ORIGINAL POST AT greekcitytimes.com |
Independent GREEKS Party Leaves Ruling Coalition
Defence Minister and a leader of the right-wing Independent GREEKS (ANEL) party Panos Kammenos announced that the split within the coalition was ...
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| READ THE ORIGINAL POST AT sputniknews.com |
GREEK Defense Minister Kammenos resigns over Prespa Agreement ratification
ATHENS – Defense minister Panos Kammenos, leader of the Independent GREEKS Party, resigned today following Macedonia's adoption of ...
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| READ THE ORIGINAL POST AT europeanwesternbalkans.com |
Tspiras to seek confidence vote in Greek government
Greek's PM has indicated a vote of confidence in his government will take place later this week. It follows the resignation of the country's defense minister over Greece's long-running name spat with Macedonia.
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Greek government crisis over Macedonia name change
Greek Prime Minister Alexis Tsipras has said he will call a confidence vote after his governing coalition split over the Macedonia name change. Defence Minister Panos Kammenos withdrew his party's sup...
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| READ THE ORIGINAL POST AT www.bbc.com |
2nd LD: Greek junior party will vote against in confidence vote: leader
ATHENS, Jan. 13 (Xinhua) -- The Independent Greeks (ANEL), the junior partner in the ruling two-partite coalition until Sunday, will vote against in the forthcoming confidence vote to the government o...
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Greece’s PM faces vote after coalition partner pulls out
Alexis Tsipras, the Greek prime minister, faces a confidence vote in parliament next week after the ruling Syriza party’s coalition partner announced it was pulling out of the government. The move by ...
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Greek defense minister resigns, PM Tsipras calls vote of confidence in govt
[Preview] Greece’s defense minister has resigned in protest against a deal that would end a years-old dispute with Macedonia over its name. Panos Kammenos’ exit could endanger the ruling coalition government ahead of national elections. Read Full Article at RT.com
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Greek Defence Minister Announces Resignation Ahead of Macedonia Vote
Greece's defence minister, who is head of the main coalition partner of Prime Minister Alexis Tsipras, announced his resignation on Sunday ahead of the upcoming parliamentary vote to end a 27-year name dispute with Macedonia, reported AFP "The Macedonia issue does not allow me not to sacrifice my post," Panos Kammenos said after a meeting with Tsipras. "I thanked the prime minister for the cooperation and I explained to him that for this national issue we cannot continue," he said, adding that his Independent Greeks party "is pulling out of the government".
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Greece coalition on the brink over Macedonia name-change deal
Greece’s hard-right Independent Greeks party quit the government today over a compromise name-change deal with Macedonia, leaving the prime minister Alexis Tsipras facing a political crisis. Panos Kam...
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Greece’s coalition collapses as partner ANEL leaves gov’t over Macedonia issue
Junior coalition partner Panos Kammenos announced on Sunday morning that he pulls all his ministers from the government and he also resigns from the post of Defense Minister. The leader of right-wing Independent Greeks (ANEL) has repeatedly warned that he would leave the government should the Prespes Agreement with the Former Yugoslav Republic of Macedonia … The post Greece’s coalition collapses as partner ANEL leaves gov’t over Macedonia issue appeared first on Keep Talking Greece.
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Greek Leader Calls for Vote of Confidence After Minister Quits Over Macedonia Deal
LONDON — Prime Minister Alexis Tsipras called on Sunday for an “immediate” vote of confidence in the Greek government, hours after the defense minister announced that he would quit the governing coali...
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| READ THE ORIGINAL POST AT www.nytimes.com |
Greek government coalition implodes over Macedonia name deal
Defense Minister Panos Kammenos said Sunday he was pulling his party's support for the government.
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| READ THE ORIGINAL POST AT www.politico.eu |
Defense Minister Kammenos Quits Over FYROM Name Deal
ATHENS – Greek Defense Minister Panos Kammenos on Jan. 13, after repeated waffling on what he would do, resigned over his objections to a deal […] The post Defense Minister Kammenos Quits Over FYROM Name Deal appeared first on The National Herald.
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
Kammenos leaves ruling coalition in GREECE ahead of Macedonia name vote
Defense Minister Panos Kammenos of the right-wing Independent Greeks (ANEL) said Sunday that his party will leave the ruling coalition of Prime ...
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Zaev urges GREECE to ratify name deal
The Associated PressSKOPJE (AP) — Macedonia's prime minister says he expects GREECE'S parliament to do its part and ratify the deal changing his ...
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GREECE'S Tsipras calls confidence vote after ally quits coalition
Earlier, GREECE'S right-wing defense minister resigned in protest at a deal ending a long running dispute with Macedonia over its name, saying he was ...
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| READ THE ORIGINAL POST AT www.reuters.com |
Greek right-wing coalition partner says will not back government in a confidence vote
ATHENS (Reuters) - Greek right-wing coalition partner Panos Kammenos said on Sunday he would not support Prime Minister Alexis Tsipras in a confidence vote in parliament. Kammenos, whose Independent G...
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Junior coalition partner withdraws from gov’t in Greece
The head of the junior partner in Greece’s ruling coalition announced his resignation from his post as defense minister on Sunday in protest over a deal to end a dispute over the name of neighboring M...
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Urgent: Greek PM to seek confidence vote in parliament after junior party's departure from ruling coalition
ATHENS, Jan. 13 (Xinhua) -- Greek Prime Minister Alexis Tsipras said Sunday he will seek a confidence vote to his government in the parliament after the departure of the junior party from the ruling c...
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