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How the world sees Greece
Thursday, August 29, 2013
Greek Yogurt Gets Grounded by Air Force
Greek Yogurt Gets Grounded by Air ForceMotley FoolTop Greek yogurt maker Chobani cracked under the sonic boom created by the U.S. Air Force banning its Blueberry Power Flip flavor because it came packaged with hemp seeds. Although that's the only flavor that has the seeds in it, Chobani said it will ...
German woman kills daughter, herself on Greek island
CORFU, Greece, Aug. 29 (UPI) -- Police on the Greek island of Corfu say a German woman drowned her daughter in a bathtub before hanging herself.
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Greek civil servants begin series of strikes
euronewsGreek civil servants begin series of strikeseuronewsGreek civil servants begin series of strikes. 29/08 19:00 CET. Greek civil servants begin series of strikes. world news. | |. Related. Acropolis sell off in Greek archaeologists protest 02/08/2013 19:56 CET · Another austerity strike paralyses Greece ...
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Greek civil servants march to protest cuts
Aljazeera.comGreek civil servants march to protest cutsAljazeera.comAbout 1,500 people rally in Athens against layoffs and transfers, part of an overhaul of Greek public sector. Last Modified: 29 Aug 2013 19:05. Email Article. Print Article. Share article. Send Feedback. About 1,500 civil servants have marched in ...Greek Unions Launch Fall Protests Against Job CutsABC NewsGreek civil servants protest layoffs, job transfersSKNVibes.comall 16 news articles »
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Georgiadis Tells Doctors To Return Overcharges
Greek Health Minister Adonis Georgiadis has sent a veiled warning in the form of an "open invitation" to the doctors who work for the EOPPY (National Organization for the Provision of Healthcare Services) as well as to the providers of the Organization, such as suppliers to return monies they shouldn’t have received. If they do, he said, the state will deal more leniently with ...
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Boutaris Recites Cavafy For Oasis
The Rehabilitation Centre Oasis in Thessaloniki on Sept. 20 will present a music performance featuring the works of one of Greece’s greatest poets, the C.P. Cavafy- By Heart and Singing from the group Cavafy of Ano Syros. As 2013 has been declared the Year of Cavafy, marking the 150th anniversary of his birth in Alexandria, Egypt the group will perform its 40th performance of this work, ...
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Pakistani migrant 16 raped and robbed in western Greece
Police in Aitoloacarnania, western Greece, arrested two men on Thursday, a 24-year-old Indian and a 26-year-old Pakistani national, suspected of raping and robbing a 16-year-old Pakistani migrant.The victim told officers that the 24-year-old had told him to visit a stable in the area where he could find work.After arriving at the site, he was allegedly immobilized by four men who struck him with ...
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Stocks rise but turnover remains thin
Greek stocks rebounded after three straight losing sessions on Thursday, but trade remained thin, mainly due to the continuing uncertainty regarding developments in Syria.The Athens Exchange (ATHEX) general index closed up 1.45 percent at 893.77 points, after moving in positive territory throughout the session. Large-caps ended 1.67 percent higher and the banking index added 1.81 percent. Betting ...
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Greek gaming monopoly OPAP reports sharp profit drop
But the privatisation drive is far behind schedule and suffered a further blow in June, after Russia's Gazprom suddenly withdrew plans to buy Greece's state gas operator DEPA. As a result, Athens revised downwards its estimated asset sales for this year ...
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Portugal court throws out bailout law
by
NEOnline
Portugal's Constitutional Court on Thursday rejected a government bill that paved the way for public sector lay off, dealing a new blow to Lisbon's efforts to push through the reforms demanded by the terms of its EU/IMF bailout.
The bill would allow the government to place staff in retraining programs, on lower pay. After 18 months, the workers would be placed in different jobs or laid off. It is very similar to a plan currently underway in Greece to sack thousands of civil servants by the end of the year.
But in Portugal the law prohibits the layoff of government workers except under exceptional circumstances, such as gross misconduct.
The Lisbon-based court ruled that the new measure is unconstitutional because it violates guarantees of job security and the principle of trust between the employer and employee. A government job has long been prized in Portugal, as it usually provides a job for life and a better pension than in the private sector.
The ruling is the second time the court has thwarted the government's spending plans. Just over a year ago, it struck down a measure to take away the Christmas and vacation bonuses of public employees and pensioners. The court said the measure was unconstitutional because it discriminated against a section of society.
The government is aiming to reduce its budget deficit to 4 percent of gross domestic product next year, from 6.4 percent in 2012. That target is a demand of creditors who granted Portugal a 78 billion euro rescue in 2011 to help pay its debts. After this latest blow, Lisbon will have to find other ways to save the money this measure would or risk not receiving the next of its bailout cash tranches.
Analysts say that the rejection also sends an alarm signal to investors as more planned austerity measures could be thrown out, endangering bailout targets.
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Get Your Glendi On: It's Time For Greek Fest Again
Get Your Glendi On: It's Time For Greek Fest AgainNashville SceneSeptember is going to be a really busy month around Nashville. But be sure to go ahead and mark your calendar for next weekend's (Sept. 6-8) Greek Festival at Holy Trinity Greek Orthodox church. As I told you last year, Greek Fest is one of my favorite ...
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Greeces National Bank posts H1 profit beats forecasts
ATHENS | Thu Aug 29, 2013 10:35am EDT
ATHENS Aug 29 (Reuters) - National Bank (NBG), Greece's largest lender by assets, reported a profit in the first half, helped by its Turkish subsidiary Finansbank, lower funding costs and provisions for bad debt.
The group posted net profit of 344 million euros ($458.91 million), above analyst estimates. Analysts polled by Reuters were expecting ...
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Contact Info for Greeks in Syria
Given the fact that the situation in Syria is getting worse, the Greek Ministry of Foreign Affairs has released information for Greek citizens who are in Syria at the moment. The ministry calls Greek citizens to call the following telephone numbers in case of emergency. 1. Cryptographic Service: 0030 210 368 1730, 0030 210 368 1212 2. Crisis Management Unit: Tel. 0030 210 368 1351, 0030 210 ...
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Police Ask Data on 141 FB Users
According to a report published by the social network Facebook, the Greek Police asked for information on 141 Greek FB users during the first half of 2013. According to the newspaper Vima, the report reveals that Facebook totally received such requests about personal data for about 38,000 user accounts from the authorities of 74 countries. This information was requested for official ...
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Greece's NBG records 344 million euro profit in H1
National Bank of Greece, the country's largest lender, says a strong performance by its Turkish subsidiary helped boost first-half profits to 344 million euros ($455 million), after deep losses a year ...
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Profile: German Social Democrat leader Peer Steinbrueck
The GuardianProfile: German Social Democrat leader Peer SteinbrueckBBC NewsPeer Steinbrueck, the centre-left challenger who hopes to oust Chancellor Angela Merkel, argues that struggling southern Europe needs much more than her recipe of budget cuts to reduce the eurozone debt mountain. The Social Democrat (SPD) candidate ...Angela Merkel says Greece should never have been allowed to join the euroThe IndependentAngela Merkel: Greece should never have been allowed in the euroTelegraph.co.ukGermany's Greens Urge Forgiving Greek DebtWall Street JournalReuters -The Australian -Deutsche Welleall 189 news articles »
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Alabama law professor's letter to Faculty Senate calls Greek relationship ...
Alabama law professor's letter to Faculty Senate calls Greek relationship ...The Birmingham News - al.comhorwitz.jpg Paul Horwitz, husband to defeated District 4 incumbent Kelly Horwitz and Gordon Rosen Professor of Law at UA, wrote a letter to UA's Faculty Senate in response to allegations of voter fraud in the wake of the school board elections.
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Greece's NBG bank turns to profit in first half
Greece's top lender NBG on Thursday reported a net profit of 344 million euros ($455 million) for the first half of 2013, compared to a 1.9-billion-euro loss in the same period last year.
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International lenders to step up assessment of Greeces finances next month European Commission economic chief says
Use the Reuters Breakingviews stress test calculator to calculate how the Target core Tier 1 capital ratio and sovereign haircut levels affect the amount of capital banks need to pass the stress ...
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Greece Says Old Foods Can Be Sold
Customers in Greek supermarkets will be able to buy foods whose sell-by date has expired at a discount but the goods must be on a separate shelf and be identified. ATHENS - After an outcry that the government was going to let expired foods be sold in supermarkets, officials have said that foods with a long shelf life that have passed their "sell-by" date can be sold but not those that ...
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Troika Wants Control of Greek Privatizations
A worker at the Greek gas company DEPA which failed to attract a single bidder as part of a government sell-off of assets and enterprises to raise critical cash. (Reuters) - Greece's international lenders will press Athens next month to transfer state-owned real estate to a holding company managed by the Eurozone to spur flagging privatization efforts, officials said on Aug. 29. The plan, to ...
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Philip Morris Warehouse For Agrinio
Greece's Prime Minister Antonis Samaras will meet with the President and Managing Consultant of the tobacco company Papastratos, Nikos Theofilopoulos, to talk about plans for a new central warehouse for all of Europe, to be built in the western town of Agrinio under the control of international conglomerate Philip Morris. Philip Morris plans to take 50 percent of the Greek tobacco ...
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Eight People from Occupied Hospital Arrested
The G.Hatzikosta General hospital in Ioannina has been occupied for a long time. According to the Greek media, it seems that the police have arrested eight people. Five of them are from Bulgaria, two from Romania and one from Somalia. The suspects have been accused of breaching the peace, material damages, and illegal immigration. According to the police report, the arrested illegal immigrants ...
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Greek Cash Shortfall Spells Problems for Euro Zone
After two bailouts, Greece needs yet more money. While that is hardly surprising, the debate over how it should get it has the potential to ignite tumult in the seemingly calm euro zone. Three problems are set to dog officials over the next few ...
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Philip Morris expands activities in crisis-hit Greece
Philip Morris expands activities in crisis-hit GreeceEconomic Times"Following the deal we signed in February, we will now transform our warehouses in Agrinio (in central-western Greece) into a distribution centre of Philip Morris International for all of Europe," said Nikos Theophilopoulos, the company's managing ...Philip Morris Warehouse For AgrinioGreek Reporterall 2 news articles »
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Greek recruitment is not about judgement
Greek recruitment is not about judgementArizona Daily WildcatMany students are under the impression that the greek recruitment process is a shallow system of judgment based on looks. “You pay to get judged — you work so hard to impress people and you get let down,” said Elena Vargas, an architecture freshman, ...Greek campus presence growsThe Miami HurricaneUniversity must enforce social suspensionsThe Daily Tar HeelStudents prepare for recruitmentTimes-Delphicall 4 news articles »
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Charlemagne: Back to school
“LA RENTRÉE”, the start of the academic year, is a time of dread and hope for pupils. And so it is for the euro zone’s political class. Its performance last year was mediocre at best, but not as dire as in the previous two years. A chaotic breakdown has been averted. Greece, the worst kid in the class, avoided expulsion (and will get extra help). Latvia, the poster child for austerity, will join in January, while Ireland should graduate from its bailout programme. These days investors are fleeing emerging markets in other parts of the globe, not the old continent.One reason for hope is that the economy is returning to growth or, better said, it may have stopped shrinking. The fear is threefold. First, any growth may be so anaemic that unemployment will for a long time only worsen. With that, European politics may be destabilised and polarised, with dejected voters turning to fringe parties. Third, without a fear of impending catastrophe, incentives lessen for debtor states to make needed changes and for creditor countries to reform the euro zone.Much is still to do, but time is short. Banks need to be fixed and an emerging banking union must credibly spread...
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Island Hopping Croatia with Greece Med Travel
Greece and Mediterranean Travel Centre Greece and Mediterranean Travel Centre is a boutique wholesaler and we are true specialists in our field. Call our friendly staff for more information on Greece, Turkey, Croatia, Spain, Italy, Cyprus, Egypt, Jordan, Israel, Dubai, Abu Dhabi and Oman - benefit from our excellent destination knowledge to ensure you make the right product choices! Suite 2, ...
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Agia Varvara Children Still Missing
The Greek Minister for Justice, Transparency and Human Rights Charalambos Athanasiou addressed a letter to the Hellenic Parliament asking for an update on the Agia Varvara case. In his letter the Minister stated, ';The Committee reiterates its previous concern, regarding the case of 502 out of 661 Albanian Roma children, who reportedly disappeared from 1998-2002 from the Greek Foundation ...
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Cyprus Hellenics profit hit by provisioning for bad loans
Cypriot lender Hellenic Bank posted a net loss of 46 million euros in the first half of 2013, on increasing provisioning costs for loans that soured during a financial crisis.Hellenic, 19.2 percent owned by the Church of Cyprus, reported a net profit of 14.8 million euros in the first half of 2012.The lender did not have the exposure its Cypriot peers Laiki and Bank of Cyprus had to Greece, which ...
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Aslanis died of pulmonary edema says coroner
Greek fashion designer Michalis Aslanis died from pulmonary edema according to a preliminary post mortem report conducted by coroner Sotiris Bouzianis on Thursday.According to the report this may have been caused by excessive use of pills or drugs, but could also have been the result of purely pathological causes. The report, however, did exclude the possibility of foul play.The popular local ...
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Oresteiada 400 Illegal Immigrants on Hunger Strike
Four hundred illegal immigrants living in detention centers of Oresteiada, Greece, have gone on a hunger strike since the morning of August 29. According to the movement United against Racism and Fascist Threat, the detainees rose up after an announcement released by the detention center administration which said that their custody will be extended to 18 months. The immigrants expressed their ...
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Negotiations Over Gazprom’s Gas Prices
A second round of critical negotiations, following the preliminary talks in Moscow earlier this summer started in Athens on August 28 concerning the reduction of the price of Russian natural gas, between Gazprom and Greek natural gas provider DEPA. For years, the argument of Gazprom is that these higher prices are due to Greece's remote geographical location and its small size as a market. ...
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Stournaras attacks speculators willing idiots
Greece has made huge progress over the past couple of years in bringing its economy back on track, Finance Minister Yannis Stournaras said in Parliament on Thursday, attacking government critics for capitalizing on ...
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Traditional Greek specialties abound, but non-standards surprise
We had it with fries, of course, which were skinny and good, if not quite crisp enough. The restaurant's full title is Pappas Greek Food and Steak, and a tender, juicy and full-flavoured New York steak more than justified the name. But the main reason for ...
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Greek lenders seek sales of property assets
The Greek economy is in its sixth year of recession due to fiscal mismanagement, resulting in tax rises and spending cuts. Meanwhile, the country’s unemployment rate stands at more than double the eurozone's average reading of 12.1 percent, reflecting a ...
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Greek civil servants protest layoffs, job transfers
Some 1,500 civil servants marched in Athens Thursday, police said, to protest job layoffs and transfers that are part of a overhaul of the public sector demanded by Greece's creditors. "No layoffs, no transfers," "All together in the battle against layoffs ...
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IMF says it is not talking about new program for Greece
WASHINGTON (Reuters) - The International Monetary Fund has had no discussions with Greece about a third bailout, as the current program will continue until 2016, a Fund spokesman said on Thursday.
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McCandless church allows ‘Taste of Greece’ festival to expand offerings
Volunteers from Holy Trinity Greek Orthodox Church in McCandless gathered in their new kitchen to prepare pans of spanakopita, or spinach pie, for the Taste of Greece festival from Aug. 28 to Sept. 1, 2013. They are (clockwise, from bottom left): Marianne Stearns, Carol Fiffas, Presvytera Becky Touloumes, Joyce Athanasiou, Vickie Bellios, Stacy Dickos, Paula Valliant and Julie ...
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IMF names new resident representative to Greece
WASHINGTON, District of Columbia (AFP) - The International Monetary Fund announced Thursday a new resident representative in Greece as the debt-riddled country struggles to meet the terms of its IMF and European bailout. Wes McGrew, a senior member of the ...
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EU Says Greece Must Keep Control of Privatization Effort
Greece “absolutely must” retain control of efforts to privatize government-owned real estate assets and raise cash to pay back its debts, according to the European Union’s executive arm. “The ownership of this process rests with Greece ...
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Greek unions launch fall protest campaign against state job cuts
Unions representing government workers are staging work stoppages across Greece, launching a fall protest campaign against government plans to ax thousands of state jobs as part of its cost-cutting commitments to international lenders.
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University entrance exams results released
The results of the Greek University entrance exams were released by the Ministry of Education on Thursday. According to the ministry 104,988 students took the tests this year, compared to 116,173 in 2012.The minimum pass rates that secondary school students sitting university entrance exams needed to join specific faculties were lower in a number of faculties this year, including high-in-demand ...
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Greek author receives Goethe Medal
Greek author and translator Petros Markaris was bestowed the Goethe Medal 2013 in a ceremony that took place at the Residential Palace in Weimar on Wednesday. Also receiving the coveted award were Iranian author S. Mahmoud Hosseini Zad and Indian publisher Naveen Kishore.According to the organizers Markaris was honored for acting as ...
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Schaeuble Snubs Greek Plea for Direct Bank Recapitalization
German Finance Minister Wolfgang Schaeuble closed down one avenue of help sought by Greece while signaling that the Greek government can expect additional aid of as much as 11 billion euros ($14.7 billion). Schaeuble said in an Aug. 27 interview ...
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Greece plays down bailout speculation
Greece plays down bailout speculation - business liveThe GuardianThe Greek finance minister Yannis Stournaras has told the Guardian it is "far too premature" to discuss a third aid package for Greece, and that "absolutely nothing" is certain yet. It follows mounting speculation that the debt-stricken country will ...and more »
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Britain sends six Typhoon jets to Greek Cyprus base
Hurriyet Daily NewsBritain sends six Typhoon jets to Greek Cyprus baseHurriyet Daily NewsBritain has sent six RAF Typhoon jets to its Akrotiri base in Greek Cyprus in a move to protect British interests as tensions grow over Syria, the Ministry of Defence said on August 29, 2013. AFP Photo. Britain has sent six RAF Typhoon jets to its ...Britain sending six jets to Greek Cypruswww.worldbulletin.netall 55 news articles »
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Businesses Can Write Off State Debt
The Greek Finance Ministry said it will allow businesses who are owed money to the government to write down their obligations to the state but how much they should have received. Greece has insisted on payment in full of what it’s owed but is years behind in some cases of what it owes taxpayers, such as tax refunds. Business owners have been griping about the unfairness of being forced to ...
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One in 10 Workers Faked Resume
As it’s begun the process of transferring or firing 25,000 state workers over the next two years on the orders of international lenders, the Greek government said it has found so far that 10 percent of those it hired falsified their credentials and are first in line to be let go now. Alternate Interior Minister Leonidas Grigorakos has called for the qualifications of all civil servants ...
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Hills Balfour wins Marketing Greece account
A new private sector organisation, Marketing Greece, has been set up with the aim of promoting the country’s tourism industry worldwide. The organisation is 80% owned by the Association of Greek Tourism Enterprises, 17.5% by the Hellenic Chamber of ...
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