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How the world sees Greece
Friday, November 29, 2013
UPDATE 2-EU-IMF postpone visit to Athens in dispute over reforms
BRUSSELS, Nov 29 (Reuters) - International inspectors from the EU and IMF have called off a planned visit to Greece next week, officials told Reuters on Friday, a move that marks a new low in relations between the parties and could delay aid ...
Loan delay looms for Greece as EU-IMF inspectors cancel visit
EU and IMF lenders backing Greece have called off a planned visit to Athens next week, a move that may delay the payment of further loans to the country, officials told Reuters on Friday. The visit by the "troika"of the the European Central Bank ...
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La Trobe University preserves artefacts documenting the Greek diaspora in ...
La Trobe University preserves artefacts documenting the Greek diaspora in ...Herald Sun"Just take a stroll down High St. Westgarth theatre used to be a Greek movie house … at Northcote Plaza you can see the Greek elderly having their get-togethers," Dr Michael said. "Darebin has many Greek Orthodox churches, two bilingual schools and of ...
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Real Housewives Of Greek Mythology
Real Housewives Of Greek MythologyNPRIn this game, host Ophira Eisenberg stirs up the celestial domestic drama by performing imagined on-camera quotes from female Greek mythological figures. Can you guess the goddess? Plus, Jonathan Coulton pays homage to another powerful lady with a ...
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POLITICS > Special event held for opening of Greek tourism office in Istanbul
Hurriyet Daily NewsPOLITICS > Special event held for opening of Greek tourism office in IstanbulHurriyet Daily NewsProminent names from the two countries, including Fener Greek Orthodox Patriarch Bartholomew and Greek mayors, attended the event which was hosted by Kefalogianni and the head of Greece's tourism office, Panos Leivados, at the Greek Consulate in ...New Greek tourism office opened in Istanbul TurkeyCapital.gr (press release)Olga Kefalogianni: Turkey is Not Our CompetitorGreek ReporterHistoric building of Greek consulate in Istanbul returned to Greek communityvestnik kavkazaall 5 news articles »
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Bulgaria, Greece Join Efforts for Common EU Approach towards Refugees
Novinite.comBulgaria, Greece Join Efforts for Common EU Approach towards RefugeesNovinite.comBulgaria and Greece will join efforts in the search for a common EU approach on the refugee wave from the Middle East and Northern Africa. The cooperation was agreed between Bulgarian President Rosen Plevneliev and Greek Prime Minister Antonis ...and more »
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EU-IMF Inspectors Have Called Off Visit To Greece Planned For Next Week Due ...
Greek ReporterEU-IMF Inspectors Have Called Off Visit To Greece Planned For Next Week Due ...Forex FactoryThe visit by the "troika"of the the European Central Bank, International Monetary Fund and European Commission was cancelled because Greece has failed to carry out certain reforms promised in its aid programme, the officials said. The inspectors had ...Troika Deal Still Evades GreeceGreek ReporterGreek health workers' strike shuts state hospitalsAnchorage Daily Newsall 59 news articles »
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Greece still tops EU in unemployment stakes
KathimeriniGreece still tops EU in unemployment stakesKathimeriniUnemployment in Greece stood at 27.3 percent in August, the highest rate in the European Union, according to statistics released on Friday by the European Commission's statistics service Eurostat. The number of jobless Greeks in August was 1.365 ...Eurozone unemployment rate falls to 12.1% in October; Austria at 4.8%, Greece ...FinFacts IrelandEurozone inflation rise eases pressure on ECBDanbury News Timesall 154 news articles »
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Hatzidaki-Barnier: Priorities for Greek Presidency 2014
Hatzidaki-Barnier: Priorities for Greek Presidency 2014Greek ReporterThe main topic of conversation during a meeting between the Minister of Development and Competitiveness, Kostis Hatzidakis, and European Commissioner of Internal Market and Services Michel Barnier, was the priorities of the Greek Presidency for the ...
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Greek banks well on track to recovery
Greek banks well on track to recoveryThe Sofia GlobeMeanwhile, Alpha Bank, Greece's fourth-largest lender by assets, posted a narrower loss for the first nine months of the year on Thursday. The restructuring of the Greek banking system appears to be paying off but the effort is far from over. With ...GREECE - Factors to Watch on November 29Reutersall 15 news articles »
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Japonica: Greece Deserves an A+ Rating
Greek ReporterJaponica: Greece Deserves an A+ RatingGreek ReporterJaponica reported “Greece made one of the most amazing adaptations of public finances, resulting in an A+ performance. This is the time to get over the economically irrational and anachronistic accounting status quo which does not allow us to show that ...
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Greek Retail Numbers Are Still Totally Horrible
Just a quick reminder, via Macropolis, that the state of the Greek consumer is just awful.
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10 Things You Need To Know Before The Opening Bell (DIA, SPY, QQQ)
Good morning! Here's what you need to know.
Markets in Asia and the Pacific closed mostly lower. Japan's Nikkei was off 0.41%. Korea's Kospi was down 0.04%. Hong Kong's Hang Seng bucked the trend, finishing 0.39% higher. European markets were up, led by London's FTSE at 0.30%. U.S. futures were pointing higher. Europe continued to show signs of deflation, as November Italian consumer prices data fell 0.4% month-on-month, compared with a 0.2% decline in October. The year-over-year improvement of 0.6% fell short of the 0.8% year-over-year increase in October. Eurozone wide inflation of 0.9% beat expectations but remains well below the ECB's 2% target. Eurozone unemployment continued to linger at alarming levels, with the October rate clocking in at 12.1% versus 12.2% expected (and 12.2% for September). Youth unemployment stands at 24.4%, and in Spain stands at 57.4%. Greek retail sales remain in free-fall as the September figure fell 6.4% and volume declined 5.4% month-over-month. Those figures are slightly better than August's drop-offs of 8.9% and 7.7%, respectively, but there clearly remains a long way to go. Standard & Poor's has downgraded Netherlands's credit rating to AA+ from AAA, citing growth concerns. "We do not anticipate that real economic output will surpass 2008 levels before 2017, and believe that the strong contribution of net exports to growth has not been enough to offset a weak domestic economy," the agency said. However it lifted its outlook for Spain to stable from negative. "What we're seeing in Spain is two developments which we consider both stabilizing," S&P's Moritz Kraemer told CNBC. "One is that the Spanish economy has made some notable progress in the re-balancing of its external deficits. We actually forecast for this year of a current account surplus which would be the first one since 1986." And it raised Cyprus' rating to 'B-/B' from 'CCC plus/C,' saying the chance of imminent default on the island nation had receded. The Bank of England sought to prick a possible housing bubble in Britain on, making a surprise announcement that it would halt a program launched last year to boost mortgage lending, Reuters said. "The central bank said the Funding for Lending Scheme (FLS) would cease to offer banks incentives for mortgage lending and instead be refocused on helping small firms to borrow. The news caused shares in house-building firms to tumble," the wire reported. Wagers that the value of the yen will continue to decline against the dollar are close to levels not seen since 2007, the Wall Street Journal's Mia Lamar reports, as investors believe the imminent end to QE will boost the dollar, putting competitive pressure on Japanese exports. "The Bank of Japan has done a lot of easing, but they will have to do a lot more easing," Paul Lambert, head of currencies at Insight Investment in London, told Lamar. "To maintain the momentum in growth is going to require further weakening of the yen and further stimulus." The yen is already at its lowest level in six months against the dollar and is off 4% this month. At the same time, Japanese housing starts climbed for the 14th straight month, jumping 7.1% year-over-year in October. That crushed expectations of 4.3%, though was off 0.7% from September. "Consumers are buying new homes now to take advantage of low mortgage interest rates, which will likely rise if the government keeps managing to increase inflation," the FT says. "Investors are also keen to make big purchases now because a hike in the national consumption tax takes effect in April." Black Friday-related injuries are so far minimal. A police officer shot an alleged shoplifter outside a Kohl's near Chicago as the suspect dragged a fellow officer with his car. And there were at least two brawls at Walmarts, one in North Carolina and one in California— but neither resulted in major casualties. There's no major U.S. economic data today due to the holiday, and the NYSE closes at 1 pm today. Have a great weekend.Join the conversation about this story »
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Government needs to pull out the big guns
Prime Minister Antonis Samaras and the members of his government need to muster all of their political courage to draft and implement the reforms that were proposed this week by the Organization for Economic Cooperation and Development to help the Greek e... ...
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Venizelos says growth, illegal migration crackdown priorities of EU presidency
Talks between Foreign Minister Evangelos Venizelos and British Foreign Secretary William Hague in London focused on what Greece's priorities will be when the country assumes the European Union's rotating presidency on January 1 as well as issues of bilate... ...
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Probe into Golden Dawn killings extends to Cyprus
A unit of Greek counter-terrorism officers are in Cyprus as part of a broadening investigation into the murder of two members of the ultra-right Golden Dawn outside the party's offices in Neo Irakleio, north of Athens, Kathimerini has learned.
According t... ...
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Clash between gov't, EOPYY doctors intensifies with contracts threat
The Health Ministry was on Friday expected to start terminating the contracts of doctors and employees of EOPYY, Greece's main healthcare provider, who are on strike to protest government cutbacks but who are also allegedly receiving visits from insured p... ...
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A Greek Yemisi – from Halloween to Christmas
By Dr. Constantina Michalos The day after Halloween, Christmas wreaths decorated a shopping center near my home. I was appalled – again – dismayed that Thanksgiving, my favorite holiday, had disappeared beneath a pile of candy wrappers and tinsel. The push for Christmas begins in July, tormenting little kids for months when they don’t understand […]
The post A Greek Yemisi – from Halloween to Christmas appeared first on The National Herald.
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Greek health workers' strike shuts state hospitals
Greek health workers' strike shuts state hospitalsMiamiHerald.comATHENS, Greece -- Greek state hospitals are functioning with emergency staff as doctors and staff hold a 24-hour strike against planned health cutbacks enforced under the country's harsh austerity program. Health workers are planning a protest outside ...Greek Doctors to Continue StrikeGreek Reporterall 10 news articles »
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Yes, you'll want fries with that
Starters: It would be very easy to build a meal around meze, both cold and hot. Inventive chef Alexa Apostolidis does much more than traditional Greek. She's a graduate of the Culinary Institute of America who returned to Greece for her home ...
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Where Do the Names of Greek Islands Come From?
Greek ReporterWhere Do the Names of Greek Islands Come From?Greek ReporterMythical heroes, ancient gods and kings, along with geological features, were the origin and inspiration for many names of famous Greek islands. Santorini (Thira): The name comes from the ancient Spartan Thiran who first colonized the island. It comes ...
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Ambassador visits Greek schools
Neos KosmosAmbassador visits Greek schoolsNeos KosmosClarinda Primary and South Oakleigh College students united last Wednesday, honoured with a visit from the Greek Ambassador H.E. Haris Dafaranos and Mr Vasileios Gkokas, the Education Consul from the Greek Embassy, who alongside other officials ...
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How bees drove one firm's success
Bees provide the key ingredient for Greek cosmetics firm
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Greek analysts see more pressure on Israel after Iran's Geneva deal
Press TVGreek analysts see more pressure on Israel after Iran's Geneva dealPress TVEven though the current Greek government issued a formal and cautious well-wishing statement on the Geneva success, we were more concerned about the next day in Greek politics. We spoke to the foreign policy advisor of main opposition party SYRIZA, ...
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Greek Government backs down on civil unions
Coalition partner the Pan-Hellenic Socialist Movement party (PASOK) announced earlier this week that it would table legislation allowing same-sex couples to have civil unions and Interior Ministry General Secretary and New Democracy party MP Yiannis ...
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Intense Reactions Block Legislation for Same-Sex Couples
The government is blocking the new legislation for the integration of homosexual couples in the cohabitation agreement after the reactions of MPs of Nea Dimokratia and the church. The Greek government believes that the direct promotion of the legislation isn’t necessary. The prospect of including the amendment into the new anti-racism bill, which emerged during […]
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Greek Former Minister Yiannos Papantoniou Suspect for Felony
Greek Former Defense Minister, Yiannos Papantoniou and his wife, Stavroula Kourakou, were asked to provide explanations to assist in the investigation of their assets. As reported, Athens Corruption Prosecutor, Eleni Raikou, has called the former minister a suspect for violation of the law on assets and income declaration — a first degree felony. His summoning […]
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Anti-racism Bill Deliberated in Parliament
New Democracy, PASOK and DIMAR are in favor of the anti-racism bill. Those who are opposed to it are SYRIZA, KKE and Golden Dawn, while the Independent Greek party remains skeptical on their stance. Τhe MP of SYRIZA Zoi Konstantopoulou accused the government of introducing the bill without consulting anyone, requesting the formation of a […]
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New Problems With Real Estate Tax Bill
Troika has come up with new objections and demands on the property tax bill. Thus, Troika asked the Greek government not to submit the bill to the Greek parliament as further modifications must be made. The final meeting will be held on Tuesday, December 3, and Troika along with Greek officials from the Ministry […]
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The Greek Budget Myth
A “primary” budget deficit (or surplus) is the difference between a government’s outlays for everything excluding the interest payments that it must pay on its debt and its receipts from taxes and other charges. In the case of Greece, the interest ...
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| READ THE ORIGINAL POST AT lecercle.lesechos.fr |
Greece To Push For Lifting Of Sanctions On Zimbabwe
HARARE, Nov 29 (Bernama) - Greece will push for the lifting of sanctions imposed by the European Union (EU) on Zimbabwe when it assumes the bloc presidency next year, an envoy said Thursday.
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Germany: not yet the real deal
This German government matters more than most. It has the future not just of Germany but of Europe in its hands
Two months on from September's general election, Angela Merkel's centre-right CDU-CSU finally signed a pact this week with their main rival, Sigmar Gabriel's centre-left SPD, to form Germany's third postwar grand coalition. As a general rule, a securely based German government is good for Germany, good for Europe and good for Britain. So, what's not to welcome about this week's agreement?
More than you might think. The coalition-building process set in motion by September's election provides a first note of caution. Those elections were a major vote of confidence in Mrs Merkel, but left her just short of an overall majority in the Bundestag. As a result, she has had to make significant concessions to entice the SPD into a pact in which they are more clearly a junior partner than in the grand coalitions of 1966 or 2005. An unprecedented ballot of SPD members will now decide if the new coalition goes ahead. The outcome is not a given. The political fragility of the new arrangements is not a good starting point.
Another concern is the extent to which the 185-page coalition agreement addresses Germany's real problems. With its ageing population, Germany ought to be investing more in its young people. Instead the agreement rewards the elderly at the expense of the young, cutting the pension age at a time when most of Europe is raising it, and boosting pensions.
Nor is there much in the agreement to suggest the arrival of the SPD will mean a better deal for Germany's economically hard-pressed southern eurozone allies. The Merkel-Gabriel deal has plenty of largesse for German workers and claimants – the new minimum wage will be worth 70p an hour more than its equivalent in Britain – but little relief for Greek, Spanish and Portuguese unemployed workers whose governments hoped a right-left coalition would cut them some slack on fiscal austerity.
From a British perspective, the new government also presents an uncertain picture. The often pragmatic Mrs Merkel is potentially the key to striking a deal that will enable David Cameron, if re-elected, to recommend – as he should – that the UK remains in the EU. But the SPD has yet to show it understands the case for more flexible post-crash thinking about the EU, not just in relation to Britain. The parties of Europe need to listen to one another with a lot of care and respect if they are to help our continent through these difficult times.
It will have taken three months to form Germany's new government by the time things are sorted. The lesson that coalitions take time to be formed needs to be learned here too. For this German government matters more than most. It has the future not just of Germany but of Europe in its hands. The third Merkel government will also shape Britain's future. It carries not just hopes, but huge responsibilities.
GermanyEuropeAngela MerkelEditorialtheguardian.com © 2013 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds |
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Secret memos show efforts of MI5, MI6 and GCHQ to maintain Cyprus base
Documents released by National Archives reveal how agencies worked to ensure UK presence on island after independence
Heavily redacted documents show how determined British security and intelligence agencies – including GCHQ – were to maintain an effective presence in Cyprus after the strategically important island became independent.
MI5 and MI6 helped to ensure that Britain would continue to be able to operate from two UK sovereign base areas in Cyprus. The files, released by the National Archives on Friday, contain numerous references to Box 500 (MI5) and Box 600 (MI6).
They also refer to the need to "maintain liaison with other British Intelligence Services based in Cyprus". What the unredacted files do not mention by name is GCHQ, the government's eavesdropping agency at the centre of the revelations about mass surveillance of diplomatic, political and personal data by the US whistleblower Edward Snowden.
However, there is a telltale reference which escaped the censor's notice. One of the memos of the Sovereign Areas Intelligence Committee, marked Top Secret, was copied to a Sir Eric Jones. Jones was director of GCHQ at the time.
The fact that GCHQ has a listening station at Ayios Nikolaos in the UK's eastern sovereign base area in Cyprus was first revealed more than 30 years ago. It is clear that all references to it which were in the files released on Friday have been obscured by Whitehall's weeders.
The listening post has intercepted communications in turbulent areas of the Middle East ever since the second world war. Documents released by Snowden to the Guardian reveal that half the cost of running Ayios Nikolaos is paid for by the US – clear testimony to the value of the listening post.
The files also reveal that Archbishop Makarios, the Greek Cypriot leader who became the first president of Cyprus when the island gained independence in August 1960, agreed not only to the UK bases but to British help in setting up his country's own security and intelligence agencies.
Just four years earlier, he was deported by the British colonial authorities and exiled to the Seychelles in the Indian Ocean after refusing to denounce the use of violence. Britain accused him of "actively fostering terrorism".
National ArchivesGCHQUK security and counter-terrorismMI5MI6CyprusEuropeEdward SnowdenRichard Norton-Taylortheguardian.com © 2013 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds |
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Greek Giants Vow To Fight To Keep Hold Of Arsenal And Liverpool Strike Target
SportsvibeGreek Giants Vow To Fight To Keep Hold Of Arsenal And Liverpool Strike TargetcaughtoffsideGreek side Olympiakos have admitted that they have a fight on their hands to keep a hold of goal machine Konstantinos Mitroglou in January amidst ongoing speculation surrounding his future, Sky Sports reports. Read More Arsenal Transfer News.Arsenal boss drops heavy hint that he will sign €8m Greek strikerGiveMeSportArsenal and Liverpool face battle for Greek aceFootballFanCast.comItalian Side Join Arsenal And Liverpool For Greek HitmanSportsvibeYahoo Singapore Newsall 44 news articles »
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These Fascinating Maps Show The Origin Of Words We Use All The Time
U.S. playwright Rita Mae Brown said: "Language is the road map of a culture. It tells you where its people come from and where they are going."
That quote comes to mind looking at these fascinating European etymology maps of various commons words posted by reddit user sp07, which provide a kind of cultural commentary on Europe.
The word for "church" shows the influence of ancient Greece: "Bear" appears to be influenced by Russia, where largest brown bear population in Europe can be found. Notice the dominant word literally means "honey-eater."Another reddit user noted that "pi" is a prefix for "beer" in several European countries while the "pi" in the Mandarin Chinese word for beer, 啤酒 pi jiu, is a loan word from Europe."Apple" has a lot of diversity: Notice how the word in Finland and Estonia may come from a Indo-Iranian origin."Orange" is an interesting one. In the west it comes form Sanskrit while the dominant word in much of eastern and northern Europe comes from a word meaning "apple from China.""Garoful," the ancient Greek word for "rose," only remains in northeastern Italy.Most of Europe derives "pineapple" from the Guarani language, which is an indigenous language of South America, although the U.K. (and consequently the U.S.) get the word from Latin.Tea comes from China, naturally, except for a few Latin holdouts in eastern Europe. This one is the word for "cucumber," which may be even more diverse than "apple": Now Watch: These Maps Prove That Americans Speak Different Languages <div>Please enable Javascript to watch this video</div>SEE ALSO: 13 Southern Sayings That The Rest Of America Won't Understand
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Greece World Cup draw factbox
As ever, Greece will be hard to beat while providing a considerable threat on the counter attack with their tried and tested triumvirate strike force of Celtic's Giorgos Samaras, Olympiakos Piraeus striker Kostas Mitroglou and the tireless Dimitris ...
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Acropolis Museum remembers Seamus Heaney
The Acropolis Museum is devoting the evening of Friday, November 29, to the memory of Irish poet Seamus Heaney.
John Dillon, professor emeritus of Greek at Trinity College, Dublin, will deliver a lecture titled “Seamus Heaney and the Heritage of Greece.” ... ...
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Local bourse gives thanks to OTE, OPAP
Turnover dropped dramatically on Thursday on the Greek bourse due to the Thanksgiving holiday in the US. Stocks data painted a mixed picture although the benchmark index posted moderate gains thanks to the growth registered by OTE, OPAP and Hellenic Petro... ...
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Family of Rhodes man whose body was swept to Turkey accuses consulate employee of tactlesness
The family of a 53-year-old schoolteacher whose body was found washed up on the shore of the Turkish Datca Peninsula on Tuesday after he went missing in deadly flash floods in Rhodes last week, said that an employee at the Greek Consulate in Izmir demande... ...
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Troika return to Athens may be delayed despite pressure from Rehn, Lagarde
Ongoing efforts to bridge a gap between government and troika officials on the size of a projected fiscal hole for next year and on reforms Greece must implement to secure continued rescue funding are moving very slowly, Kathimerini understands, meaning t... ...
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Striking doctors dig in their heels
Doctors who work for Greece’s main public healthcare provider, EOPYY, are to continue a strike that began this week until Monday, December 9, after a failed attempt by Health Minister Adonis Georgiadis to convince them to meet him.
The doctors are protest... ...
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Commissioner says this is not the time for easing debt
During a two-day visit to Athens, the European Union’s Internal Market Commissioner Michel Barnier called on Greeks – mainly the country’s government – to make sure they do not reduce their efforts for fiscal adjustment and reforms, adding that a debt hai... ...
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Self-employed hide half of their incomes
Tens of thousands of self-employed professionals in Greece declare just half of the actual income they get each year to the tax authorities, according to data included in a report prepared by the Organization for Economic Cooperation and Development (OECD... ...
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Deposits and credit remain in decline
Bank deposits and issued loans continued to decrease in October as the market is still cash-starved and the difficulties that households and enterprises face remain.
At the end of October deposits in Greek banks amounted to 160.3 billion euros, down 1 bil... ...
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Greece: Bishop threatens to excommunicate officials who support gay civil partnerships
A bishop in Greece has threatened to excommunicate any officials in his diocese who support measures to legalise same-sex civil partnerships. Greece’s ban on same-sex couples from entering civil unions violates the European Convention of Human Rights ...
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PSG Beats Olympiakos 2-1, Makes Knockout
PARIS — A 10-man Paris Saint-Germain showed its resilience by scoring a last-minute winner to beat Olympiakos 2-1 on Nov. 27 to secure a place in the knockout stages of the Champions League. With PSG a man down for most of the second half after midfielder Marco Verratti’s sending off, Olympiakos looked to have done […]
The post PSG Beats Olympiakos 2-1, Makes Knockout appeared first on The National Herald.
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How Greek Yogurt Conquered the U.S.
Four years ago, Greek yogurt made up only two percent of total sales of the product in the United States, much of it in specialty Greek stores, overlooked by all by health-and-gourmet food seekers. Today, Greek yogurts – real and those not-so-genuine – comprise 33 percent of sales and has pushed American consumption of the […]
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Papoulias Heading for South Korea
Greek President Karolos Papoulias will visit South Korea next week for talks with President Park Geun-hye about enhancing all-round cooperation, Park’s office announced. Papoulias, who will arrive Dec. 2, will be the first Greek President ever to visit South Korea, the Yonhap news agency said. The four-day trip includes talks with Park are expected to […]
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Cyprus Says Economy Shows Some Hope
Despite data showing the country’s state bank is seeing deposits flee even with capital controls in place, Cypriot President Nicos Anastasiades said the economy is showing some good signs in the wake of a 10 billion euro ($13.67 billion) bailout from international lenders. But he acknowledged that it still faces “huge challenges” ahead to boost […]
The post Cyprus Says Economy Shows Some Hope appeared first on The National Herald.
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New Gold Coin Commemorates Tiryns
One of Greece’s most fabled archaeological sites, Tiryns, has a new gold coin dedicated to it, courtesy of the Bank of Greece. Tiryns, along with the ruins of Mycenae, are the last vestiges of the two greatest cities of the Mycenaean civilization which dominated the eastern Mediterranean world from the 15th to the 12th centuries […]
The post New Gold Coin Commemorates Tiryns appeared first on The National Herald.
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