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How the world sees Greece
Thursday, December 26, 2013
Emergency measures unveiled to combat smog over Greek cities
KathimeriniEmergency measures unveiled to combat smog over Greek citiesKathimeriniA set of emergency measures were announced on Thursday by the government to combat the smog from fireplaces that appeared over a number of Greek cities over the past few days and poses a threat to public health. The combination of unfavorable ...Greece won't Cut Heating Oil Tax Despite SmogGreek Reporterall 10 news articles »
Japonica plans to hold symposium on Greek debt
KathimeriniJaponica plans to hold symposium on Greek debtKathimeriniJaponica Partners is planning to organize an international symposium on state debt accounting in London in February 2014. Although the exact date of the event has not yet been announced, the symposium will be split into two parts. The first will be ...
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Greek Fire debuting new music at special show
Greek Fire debuting new music at special showSTLtoday.com“We just wanted to have a moment where it can just be us and that core fan base hanging out for one special night,” says Greek Fire frontman Philip “Moon” Sneed. “It'll be intimate and special with songs we've never played. We're excited about the new ...
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Migrant boat intercepted off Greece coast
euronewsMigrant boat intercepted off Greece coasteuronewsA boat carrying nearly 100 migrants said to be from Syria and Afghanistan has been intercepted off the Greek coast. It was towed to safety by the coast guard after running into trouble off the coast of Pylos in the southwestern Peloponnese. Those on ...Over 90 migrants rescued off GreeceNew Straits TimesOver 90 migrants rescued off Greece: coastguardHurriyet Daily News97 Migrants Rescued off GreeceGreek Reporterall 6 news articles »
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Coca-Cola withdraws bottles from Greek shelves over acid threat
Coca-Cola withdraws bottles from Greek shelves over acid threatKathimeriniCoca-Cola is removing 500 ml bottles of its soft drinks from stores in Athens and Thessaloniki after the FAI/IRF urban guerrilla group threatened to tamper with some of its beverages by injecting hydrochloric acid into them. The group send a USB stick ...
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A Race of 3000 Santa Clauses on Greek Island of Crete
Greek ReporterA Race of 3000 Santa Clauses on Greek Island of CreteGreek ReporterTomorrow, the streets of Chania, Greece, will be filled with 3,000 Santa Clauses for the 2013 Santa Run event. The Santa Run is a charity event that raises money for children with health problems. The volunteers of the Santa Run describe it vividly ...
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Greek Families Ask Samaras and Papoulias to Adopt their Children
Greek Families Ask Samaras and Papoulias to Adopt their ChildrenGreek ReporterSeveral families that are a three-child household from a region in central Greece, called Almyros, made a symbolic move, indicative of their desperation. They asked the Greek Prime Minister, Antonis Samaras, the President of Greek Republic, Karolos ...
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Record Year for Greek Tourism
The NBG announced that Greece achieved its goal of welcoming more than 17 million tourists. According to the data released on Tuesday during the January – October 10-month period, the number of tourists increased by 15.5% compared to the same period in 2012. Russian tourists increased by 55.2% and reached 1.3 million while there was […]
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Hundreds Of Impoverished Greeks Queue For Free Christmas Meal
Hundreds of impoverished Greeks on Wednesday (December 25) flocked to an indoor gymnasium to eat a free hot Christmas meal the municipality of Athens, Greece had provided for them. Nikos Kokkinos, the chief of the city’s social services department said that the municipality has had to increase the amount of daily meals offered at its […]
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Economist: High Risk of Social Unrest in Greece
The Economist included Greece in its list of countries with high risk of social unrest during the year 2014. Other countries included were Egypt, Bahrain, Libya, Syria and Nigeria. Greece was the only European Union country among the nineteen others that are part of the list of countries with high risk of demonstrations and social […]
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PREVIEW: Greece takes over EU presidency with limited time, resources By Christine Pirovolakis and Alexandra Mayer ...
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Greek Singer Nikos Dimitratos Dies from Stroke
Greek ReporterGreek Singer Nikos Dimitratos Dies from StrokeGreek ReporterThe 71 year-old famous Greek singer and actor, Nikos Dimitratos died after suffering a stroke early on the morning of December 26, 2013. Nikos Dimitratos was born on March 6, 1942 in Athens. He studied solfège, byzantine music and drama at the Grigoris ...
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Catholic, Greek Orthodox and Armenian churches cooperate to renovate Church ...
The HinduCatholic, Greek Orthodox and Armenian churches cooperate to renovate Church ...The Birmingham News - al.comThe Palestinian Authority persuaded the Roman Catholic, Greek Orthodox and Apostolic Armenian churches to sign an agreement permitting the restoration of the church, whose basilica was built by the Byzantine Emperor Justinian about 600 A.D. The ...Church Of The Nativity Repairs Underway: Collaboration Brokered Between ...Huffington PostMideast unrest casts pall over Christmas in BethlehemRapplerRinging the bells of Bethlehem a fading traditionChampaign/Urbana News-GazetteThe Japan Timesall 510 news articles »
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PB&J Baklava: Chef Maria's Greek Deli Serves Authentic and Fusion Greek Food
Louisville.comPB&J Baklava: Chef Maria's Greek Deli Serves Authentic and Fusion Greek FoodLouisville.comLouisville has some pretty amazing restaurants, and I love searching for new ones to add to my list of favorites. A few weeks ago I found myself in the presence of the owner of Chef Maria's Greek Deli in St. Matthews and immediately everyone within ...
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Self-Reliance for Greek Independence
The debt crisis in Greece since 2009 accelerates the dependence of the Greeks on foreigners. This dependence was an integral part of the establishment of an "independent" Greek state in 1828. The "great" powers in the 1820s - England, France and ...
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Greek Mythology Through Jewelries
Eleven Greek jewelry artists travelled to Germany to introduce their work inspired by Greek Mythology to the German people in an effort to overturn any stereotypes that the economic recession has awakened a few years ago. The eleven Greek ...
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Greece's Kids Hospital Chief Readies Corruption Defense
Greek ReporterGreece's Kids Hospital Chief Readies Corruption DefenseGreek ReporterTobouloglou1 The President of Aglaia Kyriakou Athens General Children's Hospital, the largest of its kind in Greece, has been given until Dec. 27 to respond to charges he demanded a 25,000 euro ($34,230) from a contractor before allowing a program for ...and more »
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Over 90 migrants rescued off Greece
Over 90 migrants rescued off GreeceNew Straits TimesGreece is one of the main ports of entry into the European Union for migrants and refugees fleeing war-torn and impoverished countries in Africa, the Middle East and the Indian subcontinent. Refugee traffic has soared over the past year because of the ...and more »
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Body found on Latta Road in Greece
Body found on Latta Road in GreeceRochester Democrat and ChronicleThe body of an elderly man was found Christmas Day in an enclosed porch of a house in Greece, a few blocks from where an 89-year-old man had been last seen a day earlier. Greece police Capt. Patrick Phelan said in a statement that a "private citizen" ...
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The Hungry Greek Scores Big In Neighborhood News 2013 Dining Survey
The Hungry Greek shares the overall spotlight with the Acropolis as the Favorite Greek and Middle Eastern Restaurants in New Tampa and Wesley Chapel (PRWeb December 26, 2013) Read the full story at http://www.prweb.com/releases/thehungrygreek/thehungrygreekfranchising/prweb11447728.htm
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A patient man: First came the flood, then came the wait
George Markou sat at the table nearest the kitchen of his small Greek restaurant across from the University of Arizona’s Main Gate.
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Greece Police Find Body in Home
Greece Police find the body of a man in an unlocked enclosed ... Search and rescue provided great assistance to this effort. The New York State Police assisted us. We had air assistance today. The New York State Police helicopter was checking the area ...
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Greek but never orthodox, striker has a big decision to make next year
THE scene conjures up the theme music from the Odd Couple.
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The business year in review: the signs of recovery
Green shoots emerged during 2013, but it was not all good news
Five years after the collapse of Lehman Brothers almost tipped the global economy into the abyss, the recovery has been slow and halting. But this year saw more signs that a corner might have been turned, as the eurozone had one of its quieter years – unless your savings were in a Cypriot bank.
Taper tantrumNot exactly a whimper, but the big financial event of 2013 made less of a bang than anyone expected. In May, Ben Bernanke, the chairman of the US Federal Reserve, hinted that policymakers could start to unwind the massive $85bn (£52bn) per month bond-buying stimulus. Investors took fright as US stock market and bond prices plunged in the "taper tantrum". In December, when Bernanke surprised economists with a modest $10bn-a-month trimming of the stimulus, US markets soared. Or as some noted, the markets behaved like grown-ups.
US government shutdownWrangling over the budget is an annual Washington ritual, but this year it tipped into the first partial government shutdown in 17 years.
As many as 700,000 federal workers were sent home at the start of a 16-day shutdown that President Barack Obama said caused "completely unnecessary damage" to the world's largest economy. National parks were closed and only one person was left to man the US-Canada border, and the shutdown cost the US economy $24bn (£15bn), a loss of 0.6% of output for the quarter.
Fragile fiveThe emerging economies of Brazil, Turkey, India, Indonesia and South Africa were the biggest victims of investors' taper paranoia. These countries saw the value of their currencies plunge as foreign investors withdrew funds from their economies, fearing the end of cheap money. Stock markets plummeted, while India's rupee hit an all-time low. Over the summer, governments of "the fragile five" were forced to hike rates to defend themselves from market volatility. But when the modest taper did come, emerging economies were spared the worst, although analysts warned more painful times could be in store.
Bailout islandFinancial reputations can also turn quickly, as Cyprus found out in March when it was forced to accept a €10bn (£8.4bn) bailout from the European Union and International Monetary Fund. An earlier deal unravelled when depositors with savings under €100,000 were hit with a levy, prompting a fierce backlash. Cyprus was the latest convulsion in the eurozone crisis, otherwise in abeyance in 2013. But the effects lingered on. Ireland became the first country to break free of its bailout, but its citizens are still emigrating in droves. Youth unemployment in southern Europe hit record levels: 58% in Greece, 57.4% Spain and 41.2% in Italy.
Slowing dragonChina's economy is too big to be affected by the taper caper, but the Politburo has been preoccupied with maintaining rocketing growth. The world's second largest economy is expected to have posted growth of 7.6% in 2013, just beating the government's 7.5% target, but far off the breakneck double-digit growth of the past. A slowdown in the expansion of Chinese factories in November confirmed those days are gone. A new set of Chinese leaders, installed in the autumn, are now attempting to switch the focus to domestic consumption, rather than just making shiny new toys for the rest of the world.
AbenomicsWhen economists attempt to scare eurozone leaders into action, they warn of Japan's lost decade, a prolonged deflationary slump when consumers lost confidence and hung on to their savings. Returning to power last December, the prime minister, Shinzo Abe, pledged to shake off Japan's economic malady with an unprecedented three-part economic plan to restore the world's third largest economy to health. "Abenomics" – printing money, government stimulus and structural reforms, such as raising consumption tax – has already boosted confidence. But critics fear an explosion in Japan's public debt, already close to 245% of economic output.
BlackBerry crumblesBlackBerry used to boast that it didn't make its phones in China for security reasons. But nothing could save the Canadian company when consumers turned up their noses at its latest offering, the BlackBerry Z10. In September, Blackberry announced it was cutting 4,500 jobs, after revealing a dramatic fall in earnings. By November it had fired its chief executive and abandoned sale plans, posting a record $4.4bn (£2.7bn) loss a month later. The makers of the device, once nicknamed "the crackberry" for the way it was glued to its users' hands, had committed the ultimate tech sin: they became uncool. BlackBerry's rapid loss of ground to Samsung and Apple showed just how quickly fortunes can reverse in the tech world.
Carbon bubbleThe banking crisis has receded, but the kindling for an even bigger economic crisis is still being thrown on to the fire. This was the message from a group of City blue-chip companies and Lord (Nicholas) Stern, the author of the landmark 2006 climate change report. Stern warned in May that the world risks a major economic crisis, because a "carbon bubble" worth trillions has led to the overvaluation of assets held by oil and gas companies. But a new global deal on climate change, which would curb fossil fuels and speed up the switch to green energy, remains as elusive as ever.
Doha round and roundIn contrast to the painfully slow climate-change talks, the cause of trade liberalisation received a boost when governments reached a modest agreement to boost the flow of goods across borders. The deal, unveiled in Bali in December, was hailed as a lifesaver for the World Trade Organisation, which has been locked in the interminable Doha round of talks since 2001. Benefits to the global economy have been estimated at between $400bn (£244bn) and $1tn. If true, it would be welcome boost for the fragile global economy still on the mend.
Twitter floatWhile investors at the London Stock Exchange flocked to that old-media bastion the Royal Mail, in the US it was Twitter that had financial institutions reaching for the cheque books. On its first day of trading last month, the social media firm saw its shares rocket 73%, making instant billionaires of co-founders Ev Williams and Jack Dorsey. For some, the boom days are back.
EconomicsBlackBerry corporationUS economyTwittertheguardian.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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Greece country profile
Provides an overview of Greece, including key events and facts about this European country
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