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Thursday, July 18, 2013

German Fin Min: No Private Greek Debt Forgiveness Before 2014


German Fin Min: No Private Greek Debt Forgiveness Before 2014
Wall Street Journal
BERLIN--German Finance Minister Wolfgang Schaeuble has ruled out new debt writedowns for private bondholders of Greek sovereign debt until at least the end of the current program, which runs until 2014, he told a Berlin radio station in an interview ...


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Greek Cypriot leader seeks more EU aid

The cost of bailing out Greek Cypriot Administration has exceeded estimations. Greek Cypriot leader Nicos Anastasiades asked for more money from Brussels ahead of a key meeting by Eurozone finance ministers.European Union finance ministers adopted a 10 billion Euro bailout package for the Greek Cypriot Administration. According to the EU sources, the Greek Cypriot leader asked the Bloc to provide ...

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Massive police presence in Greece as German minister visits


CBC.ca

Massive police presence in Greece as German minister visits
CBC.ca
Schaeuble, on his first visit to Greece since its financial crisis broke out in 2009, said the country had made impressive progress in efforts to balance its budget. But he added that the debt-strapped country had little choice other than to press ...


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Germany's Schaeuble visits Greece amid massive security, dismisses talk of new ...


Germany's Schaeuble visits Greece amid massive security, dismisses talk of new ...
Washington Post
ATHENS, Greece — Germany's finance minister visited Greece on Thursday amid massive police security, insisting there was “no convenient shortcut” for the country's debt problems despite an alarming increase in poverty and unemployment during the ...


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Alparslan Akku?: Contemporary Art at a Not-so-contemporary Hammam (PHOTOS)


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Postcard: 'Tough love' for Greeks

On a visit to Greece on Thursday (18.07.13), German Finance Minister Wolfgang Schäuble said Athens has little choice but to press ahead with reforms. Greek journalist Anthee Carassava sent this postcard from Athens.

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Protesters vent their anger as Greek parliament approves job-cutting bill


euronews

Protesters vent their anger as Greek parliament approves job-cutting bill
euronews
Thousands of Greek workers chanted anti-austerity slogans outside the country's parliament as inside lawmakers passed a controversial reform bill that will cut thousands of public sector jobs. After midnight the government narrowly scraped through the ...


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US Treasury Secretary Lew to Visit Greece

US Treasury Secretary, Jack Lew, will visit Greece on July 21 to discuss matters concerning the implementation of structural reforms in this Eurozone country, as well as the politics of the European Union to support the economic development, as reported in an announcement released by the US Ministry on July 17. Lew will arrive in Athens after the end of the meeting of the Group of Twenty (G-20) ...

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Navarino Challenge Marathon in the Peloponnese

An initiative is starting in Messinia and Arcadia, the first marathon Navarino Challenge. The Ambassador of the Navarino Challenge, and supporter of the idea of fair play, will be the world's leading Greek- American Supreme Marathon runner, Dean Karnazes. The marathon aims at informing and preventing obesity especially at younger ages. There will also be a recommendation on the importance ...

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German minister hails Greek reforms

Germany's finance minister has praised Greek economic reforms just hours after parliament passed a bill cutting thousands of public sector jobs. Wolfgang Schaeuble visited Athens on Thursday amid massive police security. During the visit he discouraged talk of Greece receiving a second write-off on its public debt owed to eurozone governments through bailout loans. Deeply unpopular in ...

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Germanys aid offer to Greece is too low German MEP

Germany offered Greece further aid to establish a growth fund on Thursday, but a German member of the European Parliament (MEP) told CNBC the amount was too small, and came two years too late. During a visit on Thursday, Germany's finance minister, Wolfgang Schaeuble proposed giving Greece 100 million euros ($131 million). However, Jorgo Chatzimarkakis, an MEP with Germany's Free ...

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The Greek Passion Of Bostons Greeks

George D. and Margo Behrakis are major benefactors for the famed Boston Museum of Fine Arts as well as philanthropists for Hellenic causes and the Greek Church. BOSTON - They may have been marginalized, frowned upon as being part of an immigrant ghetto and received so suspiciously before World War II that they were often forced to hide their origins but the Greeks of Boston, who emigrated to ...

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Greek Under-20 Hoop Squad Falls To Turkey

Greek Under-20 basketball star Ioannis Papapetrou is doing his country proud. TALLIN, Estonia - University of Texas sophomore forward Ioannis Papapetrou posted 20 points and six rebounds, but Greece dropped a 72-70 decision to Turkey in Group E Second Round action on July 17 at the Sportland Under-20 European Championship. Papapetrou converted 8-of-17 field goals (including 3-of-10 threes) and ...

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Visit to Crete Honors Toledo Mans Memory

Gus Mancy was only 18 in 1916 when he said goodbye to his mother and friends and his village in Greece to come to America. He died in 1988 at the age of 90. A tribute to the late Toledo, Ohio restaurateur Gus Mancy also shows just how far you can go to keep a promise to a friend if the will is strong, the plans are in place, and the inspiration is from your heart. And that's why I made it to ...

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Greek Business Closings Bleeding Jobs

While Greeks protested the coming loss of as many as 40,000 public sector jobs as the government readies to start firings, austerity measures imposed on the orders of international lenders are continuing to take a bigger toll in the private sector, which already had a record 26.9 percent unemployment rate and 1.3 million people out of work. It’s been estimated by trade associations that ...

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Racist Assault Against Elderly Woman

An elderly woman from the former Soviet Union, was sitting on a little chair on the pavement outside the Theageneio Anti-Cancer Hospital in Thessaloniki, where her husband is hospitalized with cancer. She was selling bread rolls to make ends meet. According to Greek media reports, one morning a young strongly-built man from the taxi-stand nearby approached her. The woman saw him kick the bread ...

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One in Three Tourism Employees is Uninsured

Undeclared labor during the summer season has become Greece's new scourge, as after numerous controls it was found that one in three workers in tourist enterprises is uninsured. As it was officially announced by ??? (Social Insurance Institute, the largest social security organization in Greece), echelons from the Special Service for the Control of Insurance with the assistance of the ...

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Welcome Party for 8200 Tourists at Katakolo Port

Four cruise ships carrying around 8,200 tourists docked on July 17 at the port of Katakolo, which is a popular stop for cruise ships, offering an opportunity for passengers to visit the site of Ancient Olympia. Katakolo is a seaside town in the municipality of Pyrgos in western Elis, Greece. The Group of Residents of Elis for Culture and Development that goes under the name, State of Ilida and ...

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Greeks Still Most Pessimistic Globally

most pessimistic in the world about the direction of their lives. Nearly four in 10 Greeks expect their lives in five years to be worse than their present lives. At least three in 10 adults expect their lives to get worse in three other European countries: the Czech Republic (33%), Slovenia (32%), and Hungary ...

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Schaeuble sees no shortcut for Greek austerity

German Finance Minister Wolfgang Schaeuble, attends a German-Greek chamber of industry and trade event, in Athens, Thursday, July 18, 2013. More than 4,000 police officers were on duty Thursday for a visit to Athens by Schaeuble, as the government banned demonstrations across the city after Parliament agreed overnight to more austerity measures. (AP Photo/Petros ...

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Naomi Campbell Holidaying on Mykonos

After a really tough winter, the Black Gazelle of the catwalk, Naomi Campbell, is visiting Greece for her summer break. Her depression from separating with her Russian billionaire ex, Vladimir Doronin, and the war over his new relationship with aspiring model, Luo Zilin, whom Naomi mentored on her television show, The Face, is still obvious. Her secret burden has also been unveiled by a recent ...

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Police deployed on to the streets of Athens as German finance minister Wolfgang Schaeuble visits Greece

Wolfgang Schaeuble is visiting the austerity-ridden country today to offer a further EUR100m euros of funding, however many blame Germany for the country's economic ...

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Schaeuble

BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble is willing to discuss further help for Greece if it reforms successfully but it still needs support at the end of a current international bailout programme, he said during a trip to Athens on Thursday."If Greece (towards the end of 2014) has implemented its reforms and has reached a primary surplus then we will negotiate further ...

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Greece, Portugal and the euro: In the dumps




ONCE again a fragile Greek government has pushed delayed reforms through parliament at the behest of the European Union and the IMF even as angry protesters in the square outside demand its resignation. At stake was a desperately needed €6.8 billion slice of Greece’s bail-out. The vote on July 17th to cut 15,000 civil-service jobs and overhaul the tax system was close, mainly because Antonis Samaras, the centre-right prime minister, has seen his majority cut to just five seats after the small Democratic Left party pulled out of his three-party coalition.Mr Samaras had to produce a last-minute ace to win over dissidents. Hours before the vote, he announced that an unpopular 23% value-added tax on restaurants, cafés and bars would be temporarily cut to 13% on August 1st. If this produces more revenue, as the finance ministry predicts, it will stay. The EU and IMF are sceptical but ready to try it. The announcement came just before Wolfgang Schäuble, the German finance minister, visited Athens to urge the Greeks to stick to reforms and to unveil a German-Greek fund to back small Greek companies.Mr Samaras’s slimmed-down coalition of his New Democracy party and the...


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German Finance Minister Sch�uble tells Greece to press ahead with reforms

German Finance Minister Wolfgang Schäuble, visiting Athens, has told Greece it has "little choice" but to continue with its austerity reforms. His words are unlikely to comfort people hit by the country's financial woes.

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German Minister Visits, Praises Greece

Amid tight security measures and a clampdown on street protests, German Finance Minister Wolfgang Schäuble visited the Greek capital bringing warm words of support for Greece's government and its reform program.

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Schaeuble Opens Door to Greek Debt Relief Tied to Meeting Target

German Finance Minister Wolfgang Schaeuble opened the possibility of further Greek debt relief as he urged the country to stand by its commitments to overhaul the economy.

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Daphne's California Greek Adds "Flavors of Daphne's" Mini-Pita Trio to Summer Menu

CARLSBAD, Calif., July 18, 2013 /PRNewswire/ -- Summertime and the dining is deliciously easy as Daphne's California Greek introduces the "Flavors of Daphne's" Mini-Pita Trio, an entree featuring ...

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Along Coral Way, tapas from Spain ? and Greece


Along Coral Way, tapas from Spain — and Greece
MiamiHerald.com
What you might refer to as tapas, someone else would call bar food. Or mezze, or even hor d'oeuvres. In the neighborhoods of Shenandoah, Silver Bluff and the Roads, this kind of food has thrived for years. Although Miami is predominantly Hispanic ...


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19 New UNESCO World Heritage Sites You Should Add To Your Travel Wish List

xinjiang tianshan chinaUNESCO has added 19 new places to its list of World Heritage Sites this year. 

Two of the 19 new sites can be found in China and two in Italy. The rest represent a wide array of countries around the world.

For a site to be included on the World Heritage List, it must be "of outstanding universal value and meet at least one out of ten selection criteria," which help the committee to both classify potential sites and evaluate them based on their overall global importance. You can read the full list of criteria here.

Ultimately all sites considered must be of either "natural" or "cultural" significance. Fourteen of the sites named this year were cultural while just five were natural, but all of them are beautiful.

Al Zubarah Archaeological Site - Qatar

"The walled coastal town of Al Zubarah in the Gulf flourished as a pearling and trading centre in the late 18th century and early 19th centuries, before it was destroyed in 1811 and abandoned in the early 1900s. Founded by merchants from Kuwait, Al Zubarah had trading links across the Indian Ocean, Arabia and Western Asia. A layer of sand blown from the desert has protected the remains of the site’s palaces, mosques, streets, courtyard houses, and fishermen’s huts; its harbour and double defensive walls, a canal, walls, and cemeteries. Excavation has only taken place over a small part of the site, which offers an outstanding testimony to an urban trading and pearl-diving tradition which sustained the region’s major coastal towns and led to the development of small independent states that flourished outside the control of the Ottoman, European, and Persian empires and eventually led to the emergence of modern day Gulf States." - UNESCO



Ancient City of Tauric Chersonese and its Chora - Ukraine

"The site features the remains of a city founded by Dorian Greeks in the 5th century BC on the northern shores of the Black Sea. It encompasses six component sites with urban remains and agricultural lands divided into several hundreds of chora, rectangular plots of equal size. The plots supported vineyards whose production was exported by the city which thrived until the 15th century. The site features several public building complexes and residential neighbourhoods, as well as early Christian monuments alongside remains from Stone and Bronze Age settlements; Roman and medieval tower fortifications and water supply systems; and exceptionally well-preserved examples of vineyard planting and dividing walls. In the 3rd century AD, the site was known as the most productive wine centre of the Black Sea and remained a hub of exchange between the Greek, Roman and Byzantine Empires and populations north of the Black Sea. It is an outstanding example of democratic land organization linked to an ancient polis, reflecting the city’s social organization." - UNESCO



Bergpark Wilhelmshöhe - Germany

"Descending a long hill dominated by a giant statue of Hercules, the monumental water displays of Wilhelmshöhe were begun by Landgrave Carl of Hesse-Kassel in 1689 around an east-west axis and were developed further into the 19th century. Reservoirs and channels behind the Hercules Monument supply water to a complex system of hydro-pneumatic devices that supply the site’s large Baroque water theatre, grotto, fountains and 350-metre long Grand Cascade. Beyond this, channels and waterways wind across the axis, feeding a series of dramatic waterfalls and wild rapids, the geyser-like Grand Fountain which leaps 50m high, the lake and secluded ponds that enliven the Romantic garden created in the 18th century by Carl’s great-grandson, Elector Wilhelm I. The great size of the park and its waterworks along with the towering Hercules statue constitute an expression of the ideals of absolutist Monarchy while the ensemble is a remarkable testimony to the aesthetics of the Baroque and Romantic periods." - UNESCO



See the rest of the story at Business Insider
    





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