Many days of heavy rain have left some parts of the eastern Mediterranean underwater. GREECE and Turkey have been particularly badly affected, and ...
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How the world sees Greece
Sunday, November 29, 2015
INTERVIEW-Latvia urges GREECE to tighten border to ease refugee crisis
RIGA, Nov 29 (Reuters) - The president of Latvia has urged GREECE to demonstrate a "changed attitude" on border security to stem a flow of migrants, ...
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N.J. Chamber Honors Community’s Business Leaders
Translated from the original Greek SHREWSBURY, NJ – The Greek American Chamber of Commerce (GACC) of New Jersey and Philadelphia held its annual Gala at the Shadowbrook in Shrewsbury on November 19. They honored Investors Bank Executive Vice President Paul Kalamaras and Senior Vice President Christos Koutsis, and recognized Venus Jewelers President Dr. Panos Stavrianides […] The post N.J. Chamber Honors Community’s Business Leaders appeared first on The National Herald.
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GREEK FM arrives in Tehran for economic talks
TEHRAN, Nov. 29 (MNA) – GREEK Foreign Minister Nikos Kotzias heading a high-ranking delegation arrived in Tehran on Sunday to confer with ...
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Greece re-elected to IMO Council for 2016-2017
In the elections held during the 29th Assembly of the International Maritime Organization (IMO) on Friday, 27 November 2015, in London, Greece was re-elected to the IMO Council for 2016-2017, in category A; that is, the ten member states with the largest merchant fleets.Greece’s re-election to the IMO Council is a very positive development that reaffirms Greece’s pivotal role in global shipping issues, reflects its active presence, for decades now, in the global shipping sector, and is very important for the promotion of the interests of Greek shipping internationally.
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Foreign Minister N. Kotzias' speech on Greek Foreign Policy at the University of Tehran (29.11.2015)
Greece and Iran are linked by at least 4,000 years of common history and shared cultural elements. They are two countries and peoples who moved together through history. They tried all forms of peaceful and non-peaceful coexistence. They did not become prisoners to history. They are not living in the past, but they learn from it and are optimistic about the future.An element of our common future in the era of globalization is capitalization on history as a sail that will propel us toward tomorrow.The world is changing. Nothing is as it was. This is why foreign policy must be...
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Yes, inequality is bad for everyone – even the rich
Yes, inequality is getting worse. Yes, it is bad for economic growth, because it stunts consumer demand. And yes, even the rich ought to worry about the way they are taking an ever-increasing share of society's wealth and income, according to a weighty new analysis of inequality in the richest, developed economies from Morgan Stanley. It's not all gloom, according to Morgan Stanley senior economist Carmen Nuzzo. (This is an investment bank, of course, so they're looking for opportunities as well as dysfunction.) But the report contains a gloomy thread for those who worry that Thomas Piketty might be right. Nuzzo et al. write: ... protracted, inequality can disrupt business models, fuel political discontent and trigger policy missteps. This could damage the growth potential. This risk is high in DM [developed markets], where inequality within countries is increasing, in contrast to inequality between countries globally, which is diminishing. HERE IS MORGAN STANLEY'S NEW RANKING OF THE MOST-EQUAL, AND LEAST-EQUAL, RICH COUNTRIES: THE HIGHLIGHTS: * INEQUALITY IN THE US IS ABOUT THE SAME AS PORTUGAL, ITALY, GREECE AND SPAIN — countries that in Europe are regarded as economic basket cases. * THERE IS A WIDE GULF BETWEEN GERMANY AND FRANCE, the two big economies that neighbour each other at the heart of Europe. The UK sits between them. * THOSE CLICHES ABOUT NORTHERN EUROPE AND SCANDINAVIA? Basically true. * INTERNET ACCESS IS A GOOD PROXY FOR INEQUALITY. The more people have it, the more equal a society is likely to be. INEQUALITY HAS BECOME WORSE MORE RECENTLY, MORGAN STANLEY SAYS: HERE IS HOW MUCH THE TOP 10% TAKE OF EACH NATION'S TOTAL WEALTH AND ANNUAL INCOME: Morgan Stanley says that increasing inequality in the rich countries is killing off their middle classes. "Faced with stagnant wages, high debt and rising costs, the middle class is eroded by rising inequality," the authors write. They cite increasing childcare costs and payments for health and retirement as the main factors that hurt middle-class wealth retention. Join the conversation about this story » NOW WATCH: What you need to know before going into business with family
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