How the world sees Greece
Greek army chief resigns, cites 'ethics, dignity' NewsWest9.com Greek army chief resigns, cites 'ethics, dignity'. Posted: Wednesday, July 25, 2012 7:12 AM EST. Updated: Wednesday, July 25, 2012 7:12 AM EST. National NewsMore>> · Police: Cal Ripken's mom abducted, now safe · Police: Cal Ripken's mom abducted, ... |
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Bank at centre of Libor-setting scandal says it is non-partisan and donations are made by employees in a personal capacity
Barclays has privately distanced itself from its bankers' donations to Mitt Romney, the US Republican presidential candidate, after its executives were accused in parliament of fundraising for political candidates instead of working to rebuild the public's trust in the wake of the Libor-setting scandal.
Executives at Barclays have donated over $1m to Romney's presidential campaign and will hand over more money on Thursday night at an exclusive fundraising dinner in a secret Mayfair location, where tickets cost between $50,000 and $75,000.
Romney arrived in the UK on Wednesday for a series of meetings with David Cameron and other political figures before attending two fundraising events and the Olympics this weekend.
An early-day motion (EDM) signed by 11 MPs last week demanded the bank and its directors stop working to bolster Romney's election campaign war chest and concentrate on repairing confidence and trust in the banking system instead.
But in a letter to the signatories of the motion, Cyrus Ardalan, a vice-chairman of Barclays and head of the UK and European government relations, said the bank was not a supporter of the presidential hopeful.
"I ... would like to clarify that all political activity undertaken by Barclays' US employees, including personal fundraising for specific candidates, is done so in a personal capacity, and not on behalf of Barclays," he wrote.
"Barclays is politically non-partisan, makes no political donations nor seeks to influence the political activities of its employees."
The EDM, whose primary sponsor was Grahame Morris MP, criticised the fact that the recently departed Barclays chief executive, Bob Diamond, and other existing senior Barclays executives have played a prominent role in fundraising efforts for the Romney campaign.
The dinner was due to be co-hosted by Diamond but he pulled out after resigning as chief executive in the wake of the Libor rate-fixing scandal. Diamond has been replaced by Patrick Durkin, the managing director of Barclays Capital, the bank's "casino banking" investment arm.
Diamond, along with Cameron, was a very public supporter of John McCain, the last Republican candidate for the presidency, when he ran against Barack Obama in 2008. Romney earned a $50,000 speaking fee from Barclays in 2011.
MPs including Jim Cunningham, Mark Durkan, Margaret Richie and John McDonnell raised concerns that at least 15 of Barclays Capital's most senior bankers based in the US have donated the maximum allowable individual donation per election to the Romney campaign.
They also criticised the fact that Durkin has already reportedly raised over $1m for the Romney campaign.
Other hosts of the event, which is being held at a secret location understood to be a five-star hotel in central London, include Dwight Poler, the managing director of the European arm of Bain Capital, the private equity house founded by Romney, and Eric Varvel, the chief executive of Credit Suisse's investment banking arm.
Among 47 named co-hosts are Raj Bhattacharyya, a managing director at Deutsche Bank, Karl Peterson, the European boss of private equity firm TPG Capital. Also present will be Woody Johnson, the owner of American football team the New York Jets and a great-grandson of the founder of Johnson & Johnson.
Guests who can't quite stretch to the $50,000-$75,000 required for dinner with Romney are invited to a 5pm reception, which costs from $2,500 a head.
On Friday Romney will also attend the London 2012 opening ceremony.
The pro-Barack Obama super PAC Priorities USA Action will use his visit to the Olympics to release a new advert attacking Romney's record outsourcing jobs and moving millions of dollars of his wealth to offshore tax havens.
"We know the Swiss have a special place in Mitt Romney's wallet, er, heart," the voiceover of the advert says as the Swiss athletes march into the games with Romney shown waving. "He kept millions in Swiss banks. Those Swiss sure know how to keep a secret."
The advert ends with the line: "You gotta say this about Mitt Romney. He sure knows how to go for the gold – for himself."
While in London, Romney will also meet Cameron, Nick Clegg, George Osborne and Ed Miliband. It is the second time Romney has visited London to raise cash following a meeting with "a few friends" in Mayfair last summer.
London's role in global finance has made it a key fundraising target in presidential elections. Obama, who is trailing Romney in the race for cash, held a similar fundraising party in the capital before the 2008 election.
Romney's event is being organised by Scott Preen, a London company that specialises in high-profile political fundraising parties. The company, run by Frances Penn, has previously organised lavish events for Romney and McCain, who ran against Obama in the 2008 election.
Scott Preen, whose clients include Bulgari, Dior and the National Bank of Greece, has previously held receptions at Spencer House, the 18th-century mansion owned by Lord Rothschild. The company declined to comment.
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Greece Hosts Its Lenders—Yes, It's Awkward Businessweek Greece must achieve all this while its economy is in freefall. Prime Minister Antonis Samaras, who leads a three-party coalition formed last month, said on July 22 that the country is experiencing its own “Great Depression.” The economy is expected to ... |
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 DAWN.com | Greece Appoints Ginis as New Army Chief Wall Street Journal ATHENS--Lieutenant-General Constantinos Ginis was appointed Greece's new army chief, the Defense Minister Panos Panagiotopoulos said Wednesday, following his predecessor's resignation. Ginis, 54, is a career military officer, previously served as the ... Greece's army chief of staff unexpectedly resigns, cites reasons of 'ethics ... Greece's army chief unexpectedly resigns, cites reasons of 'ethics and dignity' |
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Lt Gen Constantinos Ziazias quits just hours before defence meeting, leading to accusation of government interference
Greece's army chief of staff has unexpectedly quit just hours before a top government meeting on military policy.
Lieutenant General Constantinos Ziazias resigned for "reasons that touch on ethics and dignity, both his own and of the army", according to a statement on Wednesday.
Ziazias, 57, was appointed nine months ago, just before the previous Socialist government stepped down. Changes of government in Greece are routinely followed by new top military appointments, and the current three-party coalition took over last month. But it was not entirely clear why Ziazias quit.
Opposition parties accused the conservative-led coalition of trying to interfere in military appointments, a charge the Greek defence minister, Panos Panayiotopoulos, rejected.
The resignation came just hours before Wednesday's meeting of the foreign policy and defence council convened by the prime minister, Antonis Samaras. Panayiotopoulos, said the council decided to replace Ziazias with Lieutenant General Constantinos Ginis.
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 Kathimerini | Greece appoints new chief for privatisation agency Reuters ATHENS, July 25 (Reuters) - Greece appointed a former banker to run its privatisation agency on Wednesday, in a bid to breathe life into the stumbling programme of asset sales that are a key condition of the international bailouts keeping the country ... Greece Names New Privatization Chief |
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 Hurriyet Daily News | Greek Army Chief Resigns, Cites 'Ethics,... ABC News 8 Murdoch Staffers Charged in Hacking · Greek Army Chief Resigns, Cites 'Ethics,... Roma Refugees in Montenegro Lose Homes in... WATCH VIDEO: International » · VIDEO: President Assad unleashes fighter jets on second-largest city, Aleppo. Greek army chief resigns, cites 'ethics, dignity' |
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Hurriyet Daily News | Greece's army chief of staff unexpectedly resigns, cites reasons of 'ethics ... Washington Post ATHENS, Greece — Greece's army chief of staff unexpectedly resigned Wednesday, just hours before a top government meeting on military policy. A statement from the Army said Lt. Gen. Constantinos Ziazias resigned for “reasons that touch on ethics and ... Greece's army chief unexpectedly resigns, cites reasons of 'ethics and dignity' Greece's army chief of staff resigns unexpectedly |
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Greece to name new privatisation chief-state TV Reuters ATHENS, July 25 (Reuters) - Greece will appoint the former head its biggest power utility PPC as head of its privatization agency, state NET TV said on Wednesday. Takis Athanasopoulos will replace Costas Mitropoulos, who stepped down as chief executive ... |
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 The Guardian | Spain Debt Costs Seen Unjustified in Berlin Crisis Talks Bloomberg German Finance Minister Wolfgang Schaeuble and his counterpart from Madrid said Spain's borrowing costs don't reflect the strength of its economy as they pledged to work toward deeper integration to fight the debt crisis. Spain feels debt heat, Greece way off bailout terms EU's Feta-ish With Greece Wanes In Light of Spain And Italy's Unsustainable ... France, Spain call for more ECB action |
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 Yahoo! Sports | Mayor of London commissions Greek ode for Olympic Games New York Daily News (blog) With all the grumbling and general displeasure with London's upcoming Olympic Games, it's nice to know that someone's taking care of the biggest issue – namely, who will recite a brand-new Greek ode to kick off the competition. Boris Johnson, mayor of ... London mayor's Greek Olympic ode features Bolt Boris Johnson to recite new poem for the Olympics in ancient Greek Bolt to star in update to ancient Greek Olympic ode |
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