Argyris Sfoundouris was only four years old on June 10, 1944. He was playing with his three sisters in his home in Distomo, in central Greece, when suddenly some men in uniform broke down the door, dragged his parents out in the yard and shot them to death. The men were an SS battalion who entered the village that summer day and started executing indiscriminately men, women and children, 218 in all. Little Argyris and his sisters were lucky to survive the massacre by the Nazis. Thirty members of their family were killed that day, including their parents. The four kids ended up in an orphanage in Piraeus. Due to his fragile health, Argyris was transferred to a smaller one in Ekali. Then, about four years later, he ended up at the Pestalozzi Children’s Village in Trogen in Switzerland where he grew up and went to school. Then he studied mathematics, nuclear physics and astrophysics at the Swiss Federal Institute of Technology in Zurich (ETHZ). In 1994, on the fiftieth anniversary of the tragic event at Distomo, Argyris Sfoundouris organized “Peace Conference” at the European Cultural Center in Delphi. In 1995, along with his sisters, he took legal action against Germany for the massacre of his family and his fellow villagers. Sfoundouris’ action to ask for compensation by the German government was followed by 290 relatives and descendants of Distomo victims, starting an ongoing legal, and moral, battle. Today Argyris is 75 years old and hasn’t given up the cause. He knows he is morally right and continues the struggle. A few days ago German public television show “Die Anstalt”, highlighted the issue of German atrocities and the moral responsibility of the German government to compensate the Distomo victims’ families for the crimes committed by the Nazis. His appearance at the end, juxtaposed with the black and white picture of the 4-year-old boy, made some members of the audience cry. The satirical show started with a Greek tavern owner depicting Greece and three men representing the troika of international lenders. The sketch presents the absurdity of the arguments the three men use in favor of austerity. Then the sketch turns to the issue of the war reparations and the weakness in the arguments from the German side. With humorous and concise examples, the writers of the show make a case in favor of the Greek requests, at least on moral grounds. Argyris Sfoundouris is the living proof of the Distomo massacre and Greece’s righteous request. “I feel vindicated, but I’m also surprised by the ardent interest by major European media for the war crimes in Distomo and German compensation. In the past week I have given as many interviews as I have given in the two decades I struggle,” the massacre survivor told Eleftheros Typos newspaper. Speaking of the ZDF show he appeared on, Sfoundouris said: “The guys did a great job. They did the research on their own and it is absolutely faithful to reality. I did not expect such a reception by the German public, which actually paid to come and spontaneously applauded when I appeared. At the end I had to bow three times after all the hot and loud applause. I was really touched.” “I won’t stop the fight until justice is done. It is time for Germany to stop claiming ignorance and branding “war measure” a crime against humanity,” Sfoundouris said. Finally, when asked what Germany should do, the lucky massacre survivor replied quoting Greece’s lenders on the sketch: “Rules are rules; debts must be paid off, no tricks.” Watch video here:
Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros
Wednesday, April 1, 2015
Greek Government to Examine Memoranda Period; Austerity Measures
The newly elected leftist-led Greek government coalition is expected to submit a proposal for the creation of a committee to examine the previous governments’ handling of the country’s debt crisis. Specifically, according to government sources, the so called «memorandum examination committee» is expected to question the practices of those governing during the past five years, since 2010. This topped SYRIZA’s pre-election campaign. The proposal is expected to be submitted within the day and it will constitute of several experts that will be tasked with assessing whether the previous governments upheld the interests of the Greek people by signing two agreements with the European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF) troika. Both agreements pledged austerity measures in exchange for some 240 billion euros each in bailout funds. The government’s proposal is expected to have the signatures of all MPs belonging in the governing parties SYRIZA and Independent Greeks (ANEL). «SYRIZA’s Parliamentary Group will submit today a proposal to establish a committee, which will examine Greece’s inclusion in the status of memoranda and surveillance as well as any other matter related to the memorandums implementation,” SYRIZA Parliamentary Secretary Christos Mantas explained. “We are fulfilling our commitment and the social demand, with no intention of revanchism nor criminalization of the political life in order to explore the causes and responsibilities of an unprecedented crisis that devastated the vast majority of society,» Mantas added. On May 2, 2010, the so called «troika,» responded to the Greek crisis by launching a bailout loan to rescue the country from default and cover its financial needs under the condition of implementing austerity measures, structural reforms and privatization of government assets. The second bailout program was finally ratified by all parties in February 2012, and extended the first program, meaning a total of another 240 billion euros were to be transferred at regular tranches between May 2010 and December 2014.
First Cruise Ship Opens Season for Thessaloniki
The arrival of MS Hamburg cruise ship in Thessaloniki port on March 31 marked the beginning of the cruise season for the popular Greek city. More than 30 ships are expected to arrive in Thessaloniki, northern Greece, throughout the season. The number of tourists that arrive from cruises to the city is expected to increase in 2015 compared to 2014 as the city is gradually being integrated into Mediterranean cruise routes. The first cruise for 2015 carried 375 passengers — mainly Germans tourists- and 150 crew members. The ship arrived in the northern Greece port after crossing Dardanelles, formerly known as Hellespont and the north Aegean Sea. From 9 am until 4:30 pm tourists roamed the streets sightseeing and visiting the city’s museums while others were transferred to the archaeological site of Vergina via buses. Around 4:30 pm the cruise ship departed for the Greek city of Volos. The 2015 arrivals schedule, which is still under development, includes 31 confirmed cruise ships, a number which is possible to increase as the season progresses. The schedule provides that the last 2015 arrival will take place on October 31. The next arrival is expected on Easter Monday, when the cruise ship Europa will arrive in the Thermaic Gulf, while Saga Sapphire will arrive on April 19.
Greek Unemployment Rate Still Highest in EU
Greek unemployment rate rose slightly to 26% of the workforce in December, from 25.9% in November, to remain the highest in the European Union, followed by Spain (23.2% in February), Eurostat said on Tuesday. The EU executive’s statistics agency, in a report released here, said that the number of unemployed people in Greece totaled 1.23 million in December, with the unemployment rate among men at 23.4%, among women at 29.3% and among young people aged below 25 years old at 51.2%. The unemployment rate eased to 11.3% in the Eurozone in February, from 11.4 in January, the lowest rate since May 2012. In the EU, the unemployment rate fell to 9.8% from 9.9%. In total, there were 23.8 million unemployed people in the EU and 18.2 million in the Eurozone. Germany and Austria recorded the lowest unemployment rates. (source: ana-mpa)
Tuesday, March 31, 2015
DOW FALLS 190: Here's what you need to know (SPX, DJI, IXIC, WEAT, BRKA, BRKB)
Stocks got crushed, sending the Dow back into the red this year, with healthcare stocks falling the most in the final day of trading in the first quarter. First, the scoreboard: Dow: 17,778.9, -197, (-1.1%) S&P 500: 2,068, -18.1, (-0.9%) Nasdaq: 4,901, -47, (-0.9%) And now, the top stories on Tuesday: The Chicago Purchasing Managers Index was dismal for a second straight month. The March reading came in at 46.3, while expectations were pinned at 51.7. Any reading below 50 indicates a contraction. Phillip Uglow, chief economist of MNI Indicators, said: "While purchasers expect to see demand increase over the second quarter, for now the data point to a significant loss of momentum in the US economy during Q1." In other economic data, home prices rose 0.87% in January month-over-month, and rose 4.56% year-over-year, compared to expectations for 0.6% and 4.6% respectively. Prices rose 0.91% in December. And, data from the Conference Board showed consumer confidence soared in March, at 101.3 (versus 96.4 in February,) mostly on expectations of higher pay. The reading was unchanged from January. West Texas Intermediate crude oil fell by over 2% to as low as $47.28 a barrel. Brent crude, the international benchmark, also fell by more than 2% to around $54.97. On Wednesday, the Energy Information Administration will release the weekly data on US oil inventories, which are still around 80-year highs. Corn and wheat futures tanked after the US Department of Agriculture released its Prospective Plantings Survey. According to the department, stockpiles for both crops will be larger than expected, and farmers will plant less corn this spring. Corn futures fell by over 4% while wheat futures fell by more than 3%. Greece may be just fine on its own outside the eurozone, according to Warren Buffett. In an interview with CNBC, the Berkshire Hathaway CEO said eurozone members cannot continue going "in dramatically different directions." Greece is currently in negotiations over how to settle its debt, and Business Insider's Mike Bird has a picture of the worst-case scenario if it doesn't get a bailout deal. Buffett also said he "probably won't do much" if he was in charge of monetary policy, especially given the weakness in Europe. Buffett expanded his portfolio by two small Virginia newspapers. He scooped up The Martinsville Bulletin and the Franklin News-Post in Rocky Mount, Virginia, from Haskell Newspapers. The terms of the deal were not disclosed. DON'T MISS: GoDaddy is 18 years old, unprofitable, has a mountain of debt, and is now going public »Join the conversation about this story »
BUFFETT: Greece leaving the eurozone might not be such a bad thing (USD, EUR)
Warren Buffett isn't sure that Greece leaving the eurozone would be such a bad thing. "I've thought the euro has structural problems from the moment it was put in, which does not necessarily mean it will fail," Buffett said in an interivew with CNBC's Becky Quick on Tuesday. Buffett added that it is not "ordained" that the euro have the same members in the future that it has today. It is, however, ordained that the euro's members will need to have what Buffett called "compatible management" of their economies, adding that it might not be such a big deal if Greece eventually leaves the economic bloc. "The Germans are not going to fund the Greeks forever," Buffett said. "The euro is not dead, and may never be dead," Buffett said. "But it can't live with people going in dramatically different directions." The discussion on Greece was spurred by Quick asking Buffett about comments regarding Greece from Berkshire vice chairman Charlie Munger, who last week said that you can't "vote yourself rich" and said the current Greek solution is "idiocy." Greece is currently in the middle of some touch-and-go negotiations with its European creditors over what reforms its government will enact as part of its bailout deal. And as for whether Greece leaves the euro or not, Buffett said he has no idea. "Maybe Charlie does," Buffett said. Join the conversation about this story » NOW WATCH: Warren Buffett is in the new trailer for the 'Entourage' movie
Berkshire's Buffett says Grexit 'may not be bad' for euro zone: CNBC
NEW YORK (Reuters) - Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway Inc , said Tuesday that an exit by Greece from the euro zone could be constructive for the region."If it turns out the Greeks leave, that may not be a bad thing for the euro," Buffett told cable television network CNBC. He said a Greek exit from the euro zone could lead member countries to come to better agreement about fiscal policy."If everybody learns that the rules mean something and if they come to general agreement about fiscal policy among members or something of the sort, they mean business, that could be a good thing," Buffett said.(Reporting by Sam Forgione; Editing by Leslie Adler)Join the conversation about this story »
