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How the world sees Greece
Wednesday, July 24, 2013
Kourtakis Apelia Agiorgitiko 2010 Greece
Price $9.95/litre When a wine comes in at under $10 a litre (at least in Ontario dollars), I hope mainly for this: that it tastes like wine and doesn't compromise my tooth enamel. Occasionally I am impressed. Yes, this is a big industrial brand, as the one-litre format would suggest (there's also a 1.5-litre magnum for $13.95 in Ontario). And, yes, agiorgitiko, Greece's most ...
New Greek bailout unveiled to contain debt crisis
President of European Commission Jose Manuel Barroso (R), President of European Council Herman Van Rompuy (C) and Greek Prime Minister Georgios Papandreou attend the press conference after the Eurozone Emergency Summit in Brussels, Capital of Belgium, July 21, 2011. Eurozone leaders Thursday agreed on a second bailout package for Greeece, with a total official financing of an estimated 109 ...
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Mass Mayoral Resignations In Macedonia
Protesting the oncoming firings of municipal workers, 25 of the 38 Mayors in Central Macedonia co-signed a joint letter, in which they submitted their resignations from office. The letter was addressed to Prime Minister Antonis Samaras, the Deputy Prime Minister and Ministers and the Central Union of Municipalities of Greece (KEDE). It was submitted on July 24 by PED of Central Macedonia ...
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Spalathronisi First Island to be Sold
A Greek island named Spalathronisi, which is located in Neo Marmara in Chalkidiki, northern Greece, is the first Greek island to be sold at auction. The island's starting price is set at EUR10 million and the auction is scheduled to take place in September. Myro Antiques House announced the island's sale and the House's owner, Stavros Myronidis, said that with this method, the ...
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TyroBox Makes Cheese Making Easy
TyroBox, which means Cheese Box, is a container, at the interior of which, a cheese-dairy operates. It was created in Thessaloniki, Greece, about half a year ago, aiming at giving Greek breeders the possibility to produce their own cheese in a more efficient way. By using this container, breeders can precisely control his production and try to maximize potential profits and cut costs. The ...
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Some Greek Yogurt With Your Coffee Starbucks And Danone Partner On New Parfaits
This series explores the role of data in everything from generating insights and conceiving new ways to connect with an audience, to measuring ...
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Golden Dawn Moves Food Handout to HQ.
The food and clothes distribution for Greeks only organized by the neo-Nazi party Golden Dawn, which was banned by Athens Mayor, Giorgos Kaminis, was finally held on July 24. The gathering was initially planned to take place in Attiki Square, but after the ban it was held outside the party's offices. Golden Dawn's leader, Nikos Mihaloliakos, gave a speech at the beginning of the soup ...
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Greece: Far-right plays Nazi anthem at event
Greece: Far-right plays Nazi anthem at event San Jose Mercury News Golden Dawn, which has campaigned aggressively against illegal immigration and Greece's international economic bailout, has seen a surge in support during the financial crisis and its dramatic rise in poverty and unemployment. The party won nearly 7 ... |
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Crete fatal stabbing: young Britons 'imported gang warfare'
Greek police investigating killing of Tyrell Matthews-Burton, 19, say two UK groups had scores to settle before they arrived
Greek police investigating the fatal stabbing of a 19-year-old British tourist on Crete have attributed the murder to gang violence between rival groups in the UK.
As some 20 Britons arrested in connection with the crime appeared before a public prosecutor on Wednesday, police announced they had begun to assemble a picture of two gangs "bent on destroying one another."
"They had scores to settle long before they arrived here," said a police officer, Yannis Phillipakis, speaking from Heraklion, the island's capital. "Unofficially, what we are hearing is that they brought their gang warfare to Crete."
The murder on Tuesday of Tyrell Matthews-Burton, a shop assistant, in the popular island resort of Malia sent shockwaves through Greece.
The young Londoner, described by neighbours as a "little gentleman," was stabbed in the back and chest as a drunken row quickly turned into an all-out brawl with other British holidaymakers. The ferocity of the attack caused the local coroner Manolis Michalodimitrakis, who examined the body, to liken the assault to an execution.
With his lung and heart punctured by the knife wounds, he said, Matthews-Burton would have died within minutes. The Briton was celebrating his 19th birthday at the time.
Greek police, citing testimony, have identified another Briton, also aged 19, as having been behind the blows that caused the victim to collapse in a pool of blood.
Shortly before the man's arrest, a knife and bloody clothes were found hidden in his hotel room. He raised further suspicions when he attempted to escape detention, first on a quad bike and then on foot. When he was eventually seized, he strongly denied the accusation.
"From all the evidence, we have a prime suspect," said Hara Didaki, another police officer on the island. "And it seems that he knew the victim."
Another Briton also confessed on Wednesday to participating in the killing, deepening speculation that two knives had been used in the attack and prompting the public prosecutor to postpone charges until Friday.
"He is a member of the chief suspect's gang," said another police source. "The prosecutor now wants to interview two female members from the gang the victim belonged to."
Britons, after Germans, are the most frequent visitors to Greece, with party destinations such as Malia depending on young revellers.
Until the stabbing officials had managed, with reinforced policing and help from Scotland Yard, to rein in the bad behaviour of British youngsters often travelling abroad for the first time.
"From what I am told by other tourists, these kids were at war," sighed Giorgos Xedakis, a local shopkeeper. "It was just a matter of time before one of them died. And, in the end, it happened here."
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Meet FratPAC, the Group Advocating Greek Causes on Capitol Hill
The Atlantic Wire | Meet FratPAC, the Group Advocating Greek Causes on Capitol Hill The Atlantic Wire Fraternities have a political presence on Capitol Hill. Not just in the cultural, Brooks-Brothers-suit, I-graduated-from-USC-with-a-poli-sci-degree-brah sense, either. FratPAC is an actual political action committee — and one that may be able to claim ... |
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Greek Yogurt's Global Takeover Continues With New Starbucks Brand
KOMO News | Greek Yogurt's Global Takeover Continues With New Starbucks Brand Jezebel It's Greek yogurt, see. It's Greeker than regular yogurt. Eat it. You love it. All other yogurt must kneel before Greek yogurt. Zeus is now intergalactic hegemon of yogurt. Oh, so you think Zeus is not real? Foolish mortal. He sprang into form 'pon ... Starbucks to introduce Greek yogurt parfaits next spring Starbucks' New Venture: Greek Yogurt Starbucks to Sell Greek Yogurt at Cafes, Supermarkets |
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Review: The Postal Service delivers singalong joy at the Greek
Review: The Postal Service delivers singalong joy at the Greek Los Angeles Times On a Tuesday night in which big, bouncing booties battled bedroom synth pop for supremacy, there were few losers at the Greek Theatre save for the uptight or boring. Co-opener Big Freedia, a shockingly charismatic New Orleans party starter with a combo ... The Postal Service Delivers Nostalgia And New Tunes At The Greek Theatre |
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IMF backs off Argentina backing plan
The International Monetary Fund has dropped plans to formally back Argentina in its legal battle with investors who refused to take losses on debts in the country's $100 billion default in 2001. Originally the Fund planned to ask the US Supreme Court to review Argentina's case but has announced that it is no longer going ahead with the pals due to a lack of support from the US government.
IMF Managing Director Christine Lagarde had been expected to recommend the IMF executive board file an unprecedented friend-of-the-court brief this week with the U.S. Supreme Court supporting Argentina's petition to reverse lower court rulings. The lower courts are seeking to force the Latin American country to pay $1.3 billion owed to investment funds trying to collect on bonds rendered nearly worthless in the default.
But the international lending agency said late Tuesday that Lagarde would no longer recommend the filing.
"The Managing Director's recommendation was premised on U.S. support, as it would not be appropriate for the IMF to file this brief without that support," an IMF spokesman said.
Over the last decade, holdout investors and Argentina have sparred in the U.S. courts over the South American country's $100 billion default in 2002. Holdouts declined to take part in two restructurings in 2005 and 2010 that drew participation from 93 percent of bondholders, who accepted returns as low as 25 cents on the dollar.
Investors including Aurelius Capital Management and NML Capital, a unit of billionaire hedge fund manager Paul Singer's Elliott Management, have refused a deal and are suing Argentina to recover the full value of their assets.
Argentina is asking the Supreme Court to void an October 2012 ruling by the 2nd U.S. Circuit Court of Appeals in New York, which found it had violated a clause in its bond documents requiring it to treat all creditors equally.
The US, which is the IMF's largest and most influential member, no longer supported the Fund's planned filing to the Supreme Court because of concerns a ruling in favor of holdouts could make sovereign debt restructurings less predictable and orderly, and had serious concerns about lower court decisions.
The Fund said it remains concerned the case could set a precedent making it harder for other countries to get debt relief. But it was wary of taking sides in a US court case after the US government said it would not support the IMF move.
Without US support, the IMF could leave itself open to criticism from the US Congress that it is interfering in the American legal system.
The IMF said in a statement that it also does not want to be seen as taking sides in a dispute over financial claims involving its member governments.
It added that it remains deeply concerned about the implications that the lower court decision could have for the debt restructuring process in general. The concern is that countries in financial distress, such as the Greece over the past few years, would not be able to get relief on overwhelming debts in order to return to financial stability.
Relations between IMF and Argentina, Latin America's third-biggest economy, have been strained in recent years. The IMF dispute's the accuracy of Argentina's economic data and in February itsformally reprimanded the country for its lack of progress in improving inflation and GDP data. The country could face board sanctions in November, barring it from voting on IMF policies or accessing financing.
Argentina has cut all financial ties with the IMF and relations between them have steadily deteriorated since Argentina's 2001-2002 debt crisis, which the center-left government and many ordinary Argentines blame on IMF policies.
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Tourism Alone Can?t Save Greece
The Neue Zrcher Zeitung, a Swiss German-language daily newspaper, published Gruppe in Zurich, reported in an article on Greek tourism dthat "Greek tourism alone is not enough to solve the problems" of the debt-crushed country. "Even though Greece receives more and more tourists, the benefit for the domestic market is limited. The average sum of money spent by tourists is ever ...
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Greeks Gulping Down More Loux
The summer months have been good to Greek beverage maker Loux, known for its lemon and orange drinks and other tonics. The company gained a 19.1 percent market share from April to May in flavored soft drinks, a 2.1 percent hike over last year. Within one year and a half Lux has steadily been ranking 2nd in the category, behind U.S. soft drink giant Coca-Cola which moved its Greek headquarters ...
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Euro Zone to Decide on Greek Aid Payment Friday
Euro-zone finance ministry officials will hold another conference call Friday to decide whether Greece can get its next EUR4 billion aid payment, two European officials said Wednesday. During a call Wednesday, officials from euro member states established that Greece still hadn’t fulfilled one of the 22 measures included in its bailout program that it promised to implement before receiving ...
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Greece softens Sunday shopping rules to boost economy
ATHENS (Reuters) - Greece softened its restrictive Sunday shopping rules as demanded by its lenders, but went back on plans for full liberalisation after strong opposition by small retailers and the Orthodox ...
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Family of Greece teen killed in 2005 crash files lawsuit
Family of Greece teen killed in 2005 crash files lawsuit Rochester Democrat and Chronicle The suit cites portions of a 2010 internal Greece Police Department investigation by then Public Safety Director Joseph Loszynski that states the department's failure to properly investigate “in part prevented a manslaughter prosecution of the operator ... |
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Georgian accused of running international crime ring gets 14-year prison sentence in Greece
A Greek court has convicted a Georgian man of heading an international criminal ring alleged to be behind armed robberies and at least one contract killing.
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Eurozone 'pulling out of recession'; Greece one step from bailout cash
Eurozone 'pulling out of recession'; Greece one step from bailout cash - live The Guardian The euro area Member States have been informed today by the Troika institutions that Greece has satisfactorily implemented the prior actions required for the release of the next disbursement under the financial assistance programme, except for one ... |
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Starbucks, Danone partner for Greek yogurt parfaits
Starbucks, Danone partner for Greek yogurt parfaits Nation's Restaurant News Starbucks announced on Tuesday an agreement with Danone to produce a new line of Greek yogurt products under the Evolution Fresh brand. Financial terms of the agreement were not disclosed. To be developed as “Evolution Fresh, Inspired by Dannon,” ... |
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Golden Dawn Backs Down From Kaminis Again
(Photo/Panayiotis Tzamaros/Demotix/Corbis) Golden Dawn members carry out a Greeks-only food distribution outside their party office in May, after being prevented from holding it in Syntagma Square instead. ATHENS - The neo-Nazi Golden Dawn party, which had vowed to conduct a Greeks-only soup kitchen in central Athens on July 24 in defiance of Mayor George Kaminis' ban abandoned its plans and ...
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Time Running Out on Foreclosed Homes
On July 25, the European Commission will announce the assessment report of the Greek program which is expected to contain the reference to lift the current ban on auctioning primary residence from January 1, 2014. Minister of Development, Kostis Hatzidakis, said on July 24 that during negotiations with the Troika they will try to find a socially just solution.The Minister also explained that the ...
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Greece Will Shutter Elementary Schools
Education Minister, Constantine Arvanitopoulos, signed the final decision concerning the closure and merger of elementary schools and preschools all around Greece. From September on, 118 elementary schools and preschools will be deleted from the school map of Greece. In particular, the decision concerns 31 elementary schools and 87 preschools, while 17 elementary schools and 12 preschools will ...
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The Lagarde List?s Hidden ?Housewives?
The investigation into the so-called Lagarde List of 2,062 Greeks with $1.95 billion in the Geneva, Switzerland branch of HSBC has reportedly found that at least 20 top government officials are hiding assets of as much as 3 million euros in the names of their wives or other family members. Former finance minister George Papaconstantinou is being prosecuted for his mishandling of the list after ...
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Kaminis 2 Golden Dawn 0 In Food Fight
For the second time in two months, the neo-Nazi Golden Dawn party has backed down from Athens Mayor George Kaminis who banned them from conducting another Greeks-only food handout and soup kitchen in a public square in the city on July 24. After vowing to go ahead this time, the extremists changed their mind after Public Order Minister Nikos Dendias said he’d send in the police to block ...
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The Russians Are Coming
With Greece enjoying what looks to be a record tourist season, one of the most important sources is Russian visitors who are flocking to the country in droves. The Consulate General of Greece in Moscow, Ioannis Plotas told the Russian language magazine Greece that there’s a big surge in visa applications this year. In June alone there there were 184,135 visas issued, compared to 114, 595 ...
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Greece woos tourists with longer shopping hours despite church, opposition party objections
ATHENS, Greece - Greece's parliament has approved legislation to extend Sunday opening hours for stores, in an effort to boost spending by tourists and stimulate the crisis-hit economy.
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Greece woos tourists with longer shopping hours
Greece's parliament has approved legislation to extend Sunday opening hours for stores, in an effort to boost spending by tourists and stimulate the crisis-hit economy. Lawmakers voted Wednesday in favor ...
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Georgian sentenced in Greece on crime boss charges
Georgian sentenced in Greece on crime boss charges San Jose Mercury News THESSALONIKI, Greece—A Greek court has convicted a Georgian man of heading an international criminal ring alleged to be behind armed robberies and at least one contract killing. A Thessaloniki court on Wednesday sentenced Lasha Shushanashvili, 52, ... |
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