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How the world sees Greece
Monday, August 19, 2013
ECONOMICS > Greece's privatization agency chairman quits
Hurriyet Daily NewsECONOMICS > Greece's privatization agency chairman quitsHurriyet Daily NewsStelios Stavridis is the second head of HRADF to leave in less than six months, reigniting controversy around Greece's ailing privatization program which is a key part of its international bailout. Delays and privatization receipt shortfalls are a ...
Greek-Aussies Chase Federal Seats
Other Greek-Australian candidate senators are: Bill Koutalianos, No Carbon Tax Climate Sceptics, New South Wales. Papafotiou Frank, Australian Christians, Victoria. Gerry Georgatos, The Wikileaks Party, West Australia.
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Two Greek Universities In Top 500
The Academic Ranking of World Universities (ARWU), commonly known as the Shanghai Ranking, has put the Aristotle University of Thessaloniki (AUTH) at 301st and the National and Kapodistrian University of Athens at 335th in the top 500 in the world, the same general ranking as last year. In a surprise, AUTH ranked ahead of one of the U.S.’ prestigious Catholic schools, Georgetown University ...
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CMP Investigations in Military Zones in Nicosia Kyrenia
The Committee on Missing Persons in Cyprus (CMP) is proceeding with the investigation of locating missing people in military zones in the regions of Nicosia and Kyrenia. According to a publication of the newspaper POLITIS, these are specific areas where, according to testimonies of people who lived the events of 1974, there are mass graves of missing Greek Cypriots. Exhumations in these areas ...
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Ousted TAIPED Chief Strikes Back
Stelios Stavridis A day after being forced to resign as head of Greece’s privatization agency TAIPED because he’d taken a ride on the private jet of a businessman buying the state gambling monopoly OPAP, Stelios Stavridis said he had done nothing wrong and blasted what he called ';hypocrisy'; that led to his dismissal. Finance Minister Yannis Stournaras demanded that ...
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Nikolopoulos Revives Homers Poetic Language
Stephanie Nikolopoulos dazzled the crowd at the N.Y. Poetry Festival when she read from Homer in the ancient dialect he used to write The Odyssey eons ago. NEW YORK - Stephanie Nikolopoulos breathed new life into a "dead" language at the 3rd Annual New York City Poetry Festival last month when she read the opening lines of Homer's The Odyssey in the original Homeric Greek. ...
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Samaras Gets Cabinet Back To Work
Vacations for the ministers in Greek Prime Minister Antonis Samaras’ coalition government have come to an early end as he put them back to work on Aug. 19 with a Cabinet meeting to talk over the return of envoys from international lenders last week and a host of problems. The August holidays were peppered with troubles, from a blackout on the country’s most popular island, Santorini, ...
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Letter from Athens Bank in Cyprus Lose Your Money
Cypriots losing savings and having their money tied up in state banks can protest all they want but they're going to lose because the government wants their cash. You can't make this stuff up. For his first foreign visit, Greek Finance Minister Evangelos Venizelos, who in 2011 imposed 74 percent losses on investors - including small bondholders in the Diaspora, some nearly wiped out ...
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Here's How America's Minimum Wage Stacks Up Against Countries Like India, Russia, Greece, And France
Three weeks ago, fast-food workers across the United States went on strike to protest the country's minimum wage of $7.25 an hour.
The protesters called for a more-than-doubled minimum wage of $15 an hour.
In a note to clients today, ConvergEx Group strategists look at minimum wages around the world.
"Out of the 20 or so countries listed on The Economist's Big Mac Index (countries that also have minimum wages – Italy and Germany do not, for example) from 2012, the U.S. has the 7th highest minimum wage on an absolute basis, about the median number," say the strategists. "The absolute lowest federal minimum wage is in Sierra Leone, where workers can expect just $0.03/hour. India is the lowest among larger economies with a $0.28/hour rate. Australia is at the opposite end of the spectrum, with a whopping $16.88 hourly mandated wage."
If the minimum wage in the United States were to increase to $15, as U.S. fast-food workers proposed, the country's minimum wage would be second only to Australia's.
The ConvergEx strategists also calculated the number of minutes of working the minimum wage it takes to buy a Big Mac in countries around the world. Click here to see those results »
Join the conversation about this story »
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Diab?s ?120000 Champagne Shower on Mykonos
Eyptian singer Amr Diab’s performance at the club Nammos on Mykonos, almost a month after Greek singer Antonis Remos' performance caused several reactions. According to Espresso newspaper, the Egyptian singer’s millionaire fans were having expensive drinks and throwing champagne of 120,000 euros per bottle. Girls and boys "dressed" in gold body painting served ...
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Greece's only Ferrari dealership has had no sales for nearly two years
The GuardianGreece's only Ferrari dealership has had no sales for nearly two yearsThe GuardianAs marketing manager at Greece's sole outlet selling Ferraris – the super car for the super rich – Karitsa has experienced some recent frustration: she has not sold a vehicle for almost two years. "In early 2012 we sold a 458 Spider but nothing since ...
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Greece pushes on with privatizations amid scandal
ATHENS, Greece (AP) — Greece's privatization fund said Monday it is pressing on with the sale of another state-owned company, just a day after its chief executive was sacked for accepting favors from a businessman involved in a deal.
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Greece: FinMin Stournaras forces TAIPED chief out
Greece: FinMin Stournaras forces TAIPED chief outANSAmed(ANSAmed) - ATHENS, AUGUST 19 - Greek Finance Minister Yannis Stournaras yesterday forced the resignation of the head of the Hellenic Republic Asset Development Fund (TAIPED) Stelios Stavridis, who is overseeing a lagging privatization effort that ...
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Missteps in Big Asset Sales Plague Greece as Privatization Chief Resigns
ATHENS — One of the ways Greece plans to dig itself out of debt is through the sale of state-owned assets. But that effort has been beset by missteps, and on Monday the government’s privatization agency was looking for a new chairman for the ...
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| READ THE ORIGINAL POST AT www.nytimes.com |
Nicklaus to Design first Course in Greece
Golf's "Golden Bear" is excited about the prospects for the course. "Kilada Hills is on a dramatic piece of property and I was captured by its incredible potential the first time I visited," Nicklaus said. "I know the design we are creating will evolve ...
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Greece says privatisations go on, despite sack for head
Greece will stick to its programme of privatisations, a key part of bailout conditions, despite the sacking of the head of the privatisation fund, a government official assured on Monday. Rescue conditions laid down by the International Monetary Fund and ...
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Sunny outlook for Greek tourism industry
euronewsSunny outlook for Greek tourism industryeuronewsSpending by visitors to Greece jumped in June, the first month of its busy summer holiday season. Tourism receipts were up by 21 percent from the same month last year at 1.59 billion euros. That confirms forecasts that a record summer season could give ...Greek Current Account Surplus Widens in JuneGreek Reporterall 6 news articles »
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Surveillance footage credited with helping cops catch alleged thief in Greece
Surveillance footage credited with helping cops catch alleged thief in GreeceRochester Democrat and ChronicleA Greece man accused of stealing several computers from a computer repair shop in Greece Saturday was arrested after he was recognized via video footage that aired on television. John C. Boudreau, 35, of Stoneridge Road, was charged Sunday evening ...and more »
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Tourism helps Greece to post wider surplus in June
The lure of the Grecian sun, as well as a smaller trade gap, pushed up Greece's current account surplus - which measures the difference between imports and exports - to €663m (£565.5m) in June, from €73.1m a year ago. Tourism receipts, the ...
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| READ THE ORIGINAL POST AT www.telegraph.co.uk |
SDOE Closed Four Businesses in Three Days
In the midst of the summer season in Greece, the Financial and Economic Crime Unit (S.D.O.E) conducted extensive spot checks all around the country. In four cases, the auditors discovered serious discrepancies and shut down four businesses. In particular, during the three-day period of August 16 to 18, SDOE imposed the closure of four businesses because they were not issuing receipts. A ...
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Nursing Homes Emptying During Crisis
More and more Greek families are relying on their elderly relatives’ pensions. With soaring unemployment and reduced salaries and allowances, pensions of a few hundred euros retirees receive every month can make the difference to the family budget. In some other cases, relatives cannot afford the expenses of a nursing home and decide to take care of their elderly relatives in need. These ...
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Bitten by Entrepreneurship Bug
You now know just the Khans can't keep movie halls going, they need the corn too. ATHENS: Greece will stick to its programme of privatisations, a key part of bailout conditions, despite the sacking of the head of the privatisation fund ...
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Federiga Bindi: A Samantha Power for Italy, Too?
In her first speech as U.S. Ambassador to the United Nations, Samantha Power criticized the inefficiency of UN bureaucracy. Probably it would have been a good idea to send her to Italy, instead, rather than to New York: changing Italy appears to be a harder task than reforming the United Nations.
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Greece selling train maintenance company, a day after privatization head's dismissal
ATHENS, Greece - Greece's privatization fund says it is selling the country's train maintenance company, a day after the fund's head was sacked for hitching a lift on the private jet of a businessman involved in a previous sale.
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Greece seeks buyers for train maintenance company
Greece's privatization fund says it is selling the country's train maintenance company, a day after the fund's head was sacked for hitching a lift on the private jet of a businessman involved in a previous ...
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Greek, Polish festivals among cultural celebrations to hit Grand Rapids
Greek, Polish festivals among cultural celebrations to hit Grand RapidsMLive.comGreek Cultural Festival kick things off. As expected, both trade heavily in the hearty, delicious fare for which their countries are known. Yassou! festival co-chair Jim Gorant said cuisine is undoubtedly at the forefront of people's brains when they ...
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Greece Give GB Second Consecutive Loss
MVPGreece Give GB Second Consecutive LossHoopsfix (blog)Great Britain suffered their second consecutive heavy loss under Head Coach Joe Prunty, losing 95-62 to Greece on Sunday evening in Crete. With injuries causing Andrew Lawrence and Alex Marcotullio to sit out, and veteran Drew Sullivan also absent to ...GREECE HAMMER GREAT BRITAINMVPall 2 news articles »
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Head of Greece's privatizations agency fired
Neos KosmosHead of Greece's privatizations agency firedVatican Radio(Vatican Radio) The head of Greece's privatizations agency was sacked without warning yesterday after taking a private plane ride with a leading businessman who bought state assets. Stelios Stavridis was unceremoniously sacked – and at the height of ...Greece needs a 21st century Marshall PlanNeos KosmosGreece Will Let Banks Seize HomesGreek Reporterall 6 news articles »
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Penelope Casas Spanish Food Author Dies at 70
(Photo/Elisa Casas) Penelope Casas, of Queens, wrote many books and chronicled the tradition of tapas bars, introducing them to Americans. She won national acclaim in Spain too. Penelope Casas, a Greek-American writer from Queens who was an authority on the foods of Spain, and helped introduce Americans in the 1980's to a continental Spanish cuisine distinctly different from its Mexican and ...
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Greek Bondholders Want Their Money Back
(Photo/Reuters) A Greek bondholder takes part in a protest outside the Central Bank of Greece in Athens, October 31, 2012. Prime Minister Antonis Samaras has reneged on a promise to help them after they put their money and their trust in their homeland. ATHENS - Four years ago Ioannis Marinopoulos, a seasoned financial investor, followed the advice of his banker and transferred all his savings ...
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Greek August Full Moon Free
According to an announcement made by the Ministry of Culture and Sports, on the occasion of the last full moon of the summer, more than 100 archeological sites, monuments and museums throughout Greece will open their doors on August 21. Visitors will be given the chance to enjoy a series of free artistic events, such as open-air concerts, theatrical performances and tours under the most romantic ...
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Electricity restored to Greek holiday island
ATHENS, Attica (AFP) - Greece's power company said Monday electricity had been restored to the island of Santorini, a popular tourist destination hit by nearly a week of major power cuts at the height of the holiday season. "The installation of all the ...
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Student death in Greece highlights plight of poverty
Student death in Greece highlights plight of povertyFinancial MirrorThe incident quickly touched a nerve in Greece, where the government is using increasingly tough methods to collect revenue under pressure from its international lenders to fix its finances. About 300 people, among them anti-bailout groups, marched to ...
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Greece needs a 21st century Marshall Plan
Neos KosmosGreece needs a 21st century Marshall PlanNeos KosmosDimitri B. Papadimitriou. At their White House meeting last week, US President Barack Obama assured Greek Prime Minister Antonis Samaras of his support as Greece prepares for talks with creditors on additional debt relief amid record-high unemployment.Greece Will Let Banks Seize HomesGreek Reporterall 5 news articles »
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Greek olive oil making a splash, but producers see untapped potential
KathimeriniGreek olive oil making a splash, but producers see untapped potentialKathimeriniEfthimios Christakis, who exports Greek olive oil to German-speaking countries told Kathimerini: “Every day I receive invitations from at least 10 olive oil manufacturers, all of whom are interested in exporting their oil. “Poor crops in Spain this ...
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Greece says privatisations to go on
Independent OnlineGreece says privatisations to go onIndependent OnlineGreece will stick to its programme of privatisations, a key part of bailout conditions, despite the sacking of the head of the privatisation fund, a government official assured on Monday. Rescue conditions laid down by the International Monetary Fund ...
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Greece dismisses chairman of privatisation agency
The authorities in Greece have announced its decision to dismiss the chairman of its privatisation agency, Mr. Stelios Stavridis after reportrs showed that he travelled on a plane belonging to a businessman who bought gambling firm Opap from the government.
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UPDATE 1-Greek tourism receipts surge in June, boosts hopes for season
ATHENS, Aug 19 (Reuters) - Spending by tourists in Greece surged in June, central bank data showed on Monday, confirming forecasts that a record summer season could give the debt-laden country a welcome injection of foreign cash. With domestic ...
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Greece enjoys a boost from tourism in June ? live
The Grecian sunshine encouraged an influx of visitors, with tourism receipts up 21%
Angela Monaghan |
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Sacked privatization agency chief defends flight in private jet
Stelios Stavridis, the outgoing chairman of the Greek privatization agency who was dismissed on Sunday amid reports that he flew on the private plane of a member of the consortium involved in the purchase of gaming firm OPAP, defended his decision in comments to Skai television on Monday and spoke ...
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Greece?s Finance Ministry Axes Privatisation Agency?s Chairman Stelios Stavridis
A group of Greek and eastern European investors paid around €650m for holding 33% of the stake in the company. Greek shipowner and a major shareholder of a Greek-Czech consortium Dimitris Melissanidis, whose private jet Stavridis said to have flown in ...
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Golden Dawn: The open question of Greek politics
Index On CensorshipGolden Dawn: The open question of Greek politicsIndex On CensorshipIt is in this context that the neo-fascist party carries out its actions against groups that violate its perceptions of the Greek nation. These “dissidents” include anti-fascists, anarchists, leftists, homosexuals and immigrants. Since the outset of ...
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Greece beats budget targets so far this year
Greece beats budget targets so far this yearIdaho State JournalGreece's Deputy Finance Minister Christos Staikouras talks to reporters while presenting budget figures at the finance ministry in central Athens, on Monday, Aug. 12, 2013. Staikouras said that preliminary figures show the state budget had a primary ...
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Greek current account surplus widens in June, helped by tourism
ATHENS, Aug 19 (Reuters) - Greece's current account surplus widened in June, helped by a smaller trade gap and surging tourism receipts, the Bank of Greece said on Monday. The current account balance, a key measure of economic competitiveness ...
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Greece: power supply returning to normal on Santorini
(ANSAmed) - ATHENS, AUGUST 19 - The power supply to the Greek island of Santorini was returning to normal over the weekend, after several days of serious shortages following a blackout caused by a power station fire last Tuesday, with the country's ...
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Turks and Russians rescue Greek tourism
With a record-breaking tourist season in full swing and everyone seemingly happy - apart from visitors to Greece's most popular island, Santorini, who were left in the dark with power outages - the numbers are getting a big boost from new emerging markets for Greece, especially Turkey and Russia, who are expected to account for two million of them, industry analysts said. The initial ...
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Stournaras Ousts Privatization Chief Stavridis
It was all smiles when (L-R) Greek Finance Minister Yiannis Stournaras, then head of the state privatization agency Stelios Stavridis and shipowner Dimitris Melissanidis signed a deal for Greece to sell the gambling monopoly OPAP. ATHENS - Greek Minister of Finance Yannis Stournaras on Aug. 18 forced the immediate resignation of the head of the Hellenic Republic Asset Development Fund (HRADF) ...
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Kefalonia Fire Under Partial Control
A big fire that broke out in the afternoon of Aug. 17 in the region of Kouroupata on Kefalonia, the largest of the Ionian Islands in western Greece, was said to be contained by firefighters. It was burning near villages but it didn't threaten houses. Many units of the Fire Brigade are still operating in the region in order to put the fire under control. On another island, Thasos, ...
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Soccer-Greek championship results and standings
Aug 18 (Infostrada Sports) - Results and standings from the Greek championship matches on Sunday Sunday, August 18 Apollon Smyrni 2 Aris Salonika 1 Asteras Tripolis 3 PAS Giannena 3 Levadiakos 2 Panthrakikos 2 OFI Crete 0 Panionios 0 Panathinaikos 2 Panaitolikos Agrinion 0 Saturday, August 17 Atromitos Athinon 2 Ergotelis 2 PAOK Salonika 3 Xanthi 0 Platanias 2 Veria 2 Standings P W D ...
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Greece Highlights vs Great Britain
Greece Highlights vs Great BritainHoopsfix (blog)It doesn't make pretty viewing, but for those looking for some visuals of GB's heavy loss to Greece last night, the Greek federation have put up all of Greece's highlights. Hold tight whilst we try and get out hands on GB's!
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