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How the world sees Greece
Thursday, April 10, 2014
Take Me to the Greek: Theater Offering Shuttle Service for New Season
Tired of the stacked parking at the Greek Theater in L.A.'s Griffith Park, having to wait until everybody gets out before you can drive your car home? Nederlander Concerts is responding by offering a new off-site parking/shuttle service for the ...
Greece sees strong demand for first bond issue since it needed a bailout 4 ...
Greece sees strong demand for first bond issue since it needed a bailout 4 ...U.S. News & World ReportGreece's Finance Minister Yannis Stournaras attends for a news conference with European Union's Vice President and Competition Commissioner Joaquin Almunia in Athens, on Thursday, April 10, 2014. Buoyant Greek officials said the government had ...
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Trouble Brews for Greece Despite Good News on Bond Sale
Greece's successful return to the markets Thursday was a triumph of politics—and it is in politics where the risk to the country's recovery lies. A good-news operation has been under way since the start of the year. Once the target of vocal ...
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Opinion: Greek cheek wins on the market
Greece is borrowing money on financial markets - successfully. With a bit of cheek, says DW's Rolf Wenkel, you can obviously count on investors' greed just as much as on the European taxpayer.
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Greek Poll: SYRIZA Takes the Lead
A new nationwide poll conducted by Pulse, concerning the European elections in May, showed that the main opposition SYRIZA is leading by
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Ex-Deputy Minister Anthopoulos Charged with Usury
A Greek former deputy minister, Yiannis Anthopoulos will appear before a three-member felony court, after the Court of Appeals sent him to trial for
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Greek Sale Earns 2.1 Million Pounds Sterling
The annual auction “Greek Sale,” that was held on April 9 and organized by Bonhams in London earned over 2.1 million pounds sterling. The auction included some of the most important works of famous Greek painters such as Constantinos ...
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NATO Should Return to Bush's Missile Defense in Europe
This article also appears in the Boston Globe.
This week's ethnic Russian demonstrations in Eastern Ukraine, fistfights in the Ukrainian parliament, and the image of a country unraveling are all too predictable. They are right out of Putin's Crimea playbook from a month ago. And just as in Crimea, we shouldn't believe anything Moscow says about what it is doing. Putin aims to destabilize the heavily Russian-speaking eastern part of Ukraine to weaken confidence in the Kiev government and argue that Russia alone can bring about order.
Putin said Crimea would be his last territorial demand in the former Soviet space. But it is best with Putin not to listen to what he says but watch what he does. He massed thousands of troops on the Ukrainian border to intimidate its people and government. As Secretary of State John Kerry argued this week, the Russian government sent in its own operatives to stir up protests in the big cities of eastern Ukraine's industrial heartland -- Donetsk, Kharkiv, Luhansk, and Dnepropetrovsk. Gangs of armed men seized Ukrainian government offices and alternatively pleaded for Russian help in organizing plebiscites to vote for freedom from Ukraine.
How should the United States and Europe respond? The problem President Obama and German Chancellor Angela Merkel face is that Putin holds the far stronger hand in the poker match. He can act quickly and decisively without worrying about his rubber-stamp Duma and an approving Russian public. He has a plan -- dominate and neutralize the countries around Russia to create a buffer zone from his adversaries NATO and the European Union.
Obama and Merkel are playing a much weaker hand. They have wisely decided not to use their strongest card -- NATO's far stronger military -- to counter Putin's aggression. They are left with only two ways to slow him down.
First, their most effective potential leverage is the threat of major economic sanctions. Blocking Russian imports of Western manufactured goods or financial sanctions would hit the Russian economy hard and might give Putin pause. But, Putin likely concludes Europe won't agree on such tough sanctions. Too many European countries have substantial trade relations with Russia, especially in imports of Russian natural gas. Putin knows the relatively tougher US and Canadian attitude toward Ukraine is not shared by Greece, Cyprus, Italy, and, more importantly, Germany. Absent transatlantic unity on sanctions, Putin may not fear the West's sanctions card.
Second, the United States and NATO can be much stronger in responding to Putin. Obama can return to President George W. Bush's missile defense proposal in Poland and the Czech Republic. NATO can move more military forces to the Baltics and Poland. And the United States and Europe should provide greater military assistance to Ukraine. It was not a mistake, as some have argued, to expand NATO and the EU into Eastern Europe. It was a significant strategic advance for democracy and free market capitalism. Showing some backbone now is the surest way for the United States to protect NATO's position in Eastern Europe as Putin respects one thing -- power.
A suddenly aggressive Russia is now a major preoccupation of Obama's presidency. With the increasing global perception of a weakening America as backdrop, the president will need to continue to draw a bright red line around the 26 European members of NATO, especially the Baltic states, to remind Putin of America's Article V defense of alliance territory. Our allies, as well as Putin, are looking to see if Washington will display confidence, toughness, and leadership in the most serious security crisis in Europe since the Cold War's end.Nicholas Burns is a professor of the practice of diplomacy and international politics at Harvard's Kennedy School of Government. Follow him on Twitter @rnicholasburns.
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Multicultural Greeks strengthen ties with social fraternities and sororities
GW Hatchet (subscription)Multicultural Greeks strengthen ties with social fraternities and sororitiesGW Hatchet (subscription)Leaders from the Panhellenic Association and Interfraternity Council have vowed this semester to forge tighter relationships with the Multicultural Greek Council, a group of a half-dozen students who oversee the 17 multicultural Greek chapters on campus.
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Greek booksellers, pharmacies brace for fiscal change
Many fear the overhaul of sluggish economy means losing their culture.
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Greece’s long road to recovery
Debt market return must not derail bailout agreements. History shows that governments become less co-operative once they can pay the bills
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Greek government bonds snapped up by investors in sign of confidence
Greece has ended four years of international financial isolation with a highly successful foray into bond markets a day before the German chancellor Angela Merkel flies into Athens. In what officials described as a "triumphant" day, despite a car bomb ...
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GLOBAL MARKETS-Bonds buoyed by Greek return as equity gains fizzle out
Economic TimesGLOBAL MARKETS-Bonds buoyed by Greek return as equity gains fizzle outReutersSteppenWolf Capital chief investment officer Phoebus Theologites was more circumspect, pointing out that Greek unemployment remained stubbornly high and that Greek bonds were a better deal last year when they offered yields at 11 percent. "When they ...World stocks rise on Fed minutes, eyes on Greek bond saleReuters IndiaShares rise on Fed minutes, eyes on Greek bond saleEconomic TimesGLOBAL MARKETS-Shares rise on Fed minutes, eyes on Greek bond saleReuters UKThe Globe and Mailall 31 news articles »
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Greek Cypriot leader says gas find may help resolve island's division
www.worldbulletin.netGreek Cypriot leader says gas find may help resolve island's divisionToday's ZamanBut he said it was too early to speak of tangible progress in recently relaunched peace talks on the ethnically split island. Deep differences persisted between rival Greek and Turkish Cypriots that have defied the efforts of diplomats and politicians ...Greek Cypriot president says gas find may help resolve Cyprus divisionHurriyet Daily NewsGreek Cyprus president wary on more Russia sanctionswww.worldbulletin.netGreek, Turkish Cypriot Communities in Rare Joint ProjectNovinite.comCihan News Agencyall 106 news articles »
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Investor exuberance spreads across Europe
Greece has raised €3bn in a deal that attracted more than €20bn in orders, just two years after unnerving global markets by defaulting on its debts
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Greek sale fetches 2.1 million pounds sterling at London's Bonhams
Several works by leading Greek artists were sold at auctioneers Bonhams in London on Wednesday.
Highlights included "Prayer in the Mount of Olives," a painting by Constantinos Parthenis (1878-1967) which sold at 422,500 pounds sterling (510,759 euros) and... ...
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Bus driver rapped for turning wheel over to teenager
Regional authorities in western Greece on Thursday sent a prosecutor in Patra written complaints from two school principals after the driver of a local school bus allegedly allowed a 16-year-old pupil to take the wheel of his vehicle for several kilometer... ...
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Northern Greece inspector appointed new chief of the Greek Police
Lieutenant General Dimitris Tsaknakis was appointed as the new head of the Greek Police late on Wednesday night, replacing Nikos Papayiannopoulos.
Tsaknakis was formally the force’s general inspector for northern Greece. ... ...
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Banks rise but index declines for sixth day
The growth of bank stocks in the wake of Greece’s successful return to the bond markets failed to prevent the benchmark from heading south for the sixth session in succession on Thursday. However, the increased turnover pointed to additional interest in t... ...
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Greek-American Historical Museum
Greeks in the United States, all across the nation, are making every effort to preserve systematically their local history for future generations. Take for instance the ongoing work of the Greek-American Historical Museum of Washington. According to its website greeksinwashington.org: “The Greek-American Historical Museum of Washington State has completed its fourth year of operation. What […]
The post Greek-American Historical Museum appeared first on The National Herald.
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Bond markets cannot get enough of Greece, as debt auction proves
Greek 3bn bond sale exceeds expectations and is a vote of confidence, but investors are taking on a lot of risk Continue reading...
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Greece Issues Five-Year Bonds at 4.9 Percent Rate
Greece's three billion euro five-year bond offering is oversubscribed; to pay 4.9% The government of Greece got some good news today for a change. The country’s first bond sale in more than four years was completed today, and demand for the issuance was ...
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Trikala Prison To Be Turned into Tsitsanis Museum
The main building of the old prison in Trikala, Greece, will be turned into Tsitsanis Museum, according to Kostas Agorastos, Thessaly’s regional governor. Greek
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Greek Anti-Racism Bill Back On Track
An anti-racism bill stalled four months ago in an apparent political power play has been brought back by the government and seeks
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Half Greece’s Industrial Sectors Report Recovery
Statistical authority ELSTAT data shows production increased in 12 of the 24 industrial sectors in Greece during the first two months of 2014, compared to the same
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Callaway: Greek bonds inflate debt bubble
WASHINGTON D.C. — Forget tech stocks. Greek debt is the craze of the week on Wall Street, proving once again that nobody can remember anything more than four years old. Less than 50 months after Greece crashed out of global debt markets ...
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Second Look: Greece May Be Recovering, But Only Barely
Mother JonesSecond Look: Greece May Be Recovering, But Only BarelyMother JonesRealistically, I'd guess this means that Spain, Greece, Italy, Portugal, Ireland, etc., will never recover fully, and instead we're witnessing the birth of a crummy, tattered Franco-German empire with a permanently depressed periphery. Fair enough. I ...and more »
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Putin's letter to European leaders on Ukraine's gas debt
MOSCOW (Reuters) - President Vladimir Putin said on Thursday that Russia could cut natural gas supplies to Ukraine if the country fails to pay its gas bills on time and warned there could be a reduction in onward deliveries to Europe. Following is the text of a letter Putin sent to 18 European leaders, as provided in English by the Kremlin. It was sent to the leaders of Germany, France, Italy, Austria, Hungary, the Czech Republic, Poland, Slovakia, Slovenia, Croatia, Serbia, Bosnia, Bulgaria, Romania, Macedonia, Greece, Turkey and Moldova. ...
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World Bank warns IMF terms will eat into consumption, investment in Ukraine
Source: rt.com - Thursday, April 10, 2014 The increased cost of household gas and district heating “will affect purchasing power and limit the government’s ability to boost capital spending this year. Thus, in 2014, we expect to see a decline in both consumption and fixed investment,” says the WB statement. “After several years of robust growth, a drop in consumption may be significant this year (over 8%) while decline in fixed investments will not be that substantial due to a low statistical base,” it added. The World Bank also said the GDP will shrink 3 percent, with inflation jumping to 15 percent in 2014. Greece got its first international bailout four years ago, and the people have seen their disposable incomes fall by a third, and unemployment soaring to 28 percent – the highest in 33 years. The country’s GDP has shrunk by a quarter over the period. In March the IMF agreed to grant Ukraine between $14 billion and $18 billion over the next two years, to help the country avoid a default. The IMF funds usually come with stringent terms, asking for various cuts and economic reforms. In the case of Ukraine, the fund’s requirements include a 50 percent increase in the price of gas for households, as well as a quick pension reform and lower government spending. On a positive note, quick structural reforms will boost economic growth in Ukraine to 3 percent in 2015, the WB said. Also, support by foreign lenders usually improves investor confidence and lowers the cost of intAll Related
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Samaras hails Greece's return to international markets
Greek Prime Minister Antonis Samaras on Thursday hailed the country's return to the international markets, following a four-year absence, via a bond sale of 3 million euros.
In a televised address, the premier noted that the bond sale had "exceeded expect... ...
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Stanford scholar studies ancient Greek dance performances from the viewers' perspective
Stanford classics Professor Anastasia-Erasmia Peponi calls herself "an enthralled dance spectator." A scholar of ancient aesthetics, Peponi's passion for dance fuels her current research, which investigates how dance performances impacted ...
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Greece Debt Sale Signals a New Phase
Wall Street JournalGreece Debt Sale Signals a New PhaseWall Street JournalGreece plans to sell a new bond, and demand appeared strong among investors ready to look beyond the country's debt crisis. The country's desire to issue the bond, its first longer-term debt sale since its international bailout in 2010, was well known.
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Greece set for milestone return to bond markets
Greece was set on Thursday for a milestone return to bond markets with a five-year debt sale which also sends a major signal that the eurozone debt crisis is fading. Hours before the sale, a powerful car bomb exploded outside the Bank of Greece in central Athens but nobody was hurt as police had time to clear the area. A return to borrowing on the bond markets represents an important milestone ...
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Suit Claims Chobani Founder Stole Fage Yogurt Recipe
Chobani founder Hamdi Ulukay stole the recipe from one of Greece's major dairy producers and yogurt makers, Fage, his ex-wife claimed.
The post Suit Claims Chobani Founder Stole Fage Yogurt Recipe appeared first on The National Herald.
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Nasdaq leads markets lower again
LONDON (AP) — Another drop in the tech-heavy Nasdaq index prompted renewed jitters across financial markets on Thursday despite earlier relief over Greece's successful bond market return.
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Samaras: ‘Markets Sealed Their Confidence in Greece’
After being able to successfully sell Greece’s first bond on Thursday — as the country was locked out from international markets since
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January Jobless 26.7% in Greece: Up On Year, Down on Month
Unemployment in Greece fell to 26.7% in January 2014, according to official data released on April 10 by the Hellenic Statistical Authority
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Greece ends market exile with triumphant bond auction
Bailed-out Greece returned to bond markets with a bang on Thursday after a four-year exile, raising 3.0 billion euros and sending a major signal that the eurozone debt crisis is fading. Greece's EU-IMF creditors hailed the move which the Greek prime ...
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Greek Seamen Suspend Strikes for Easter Holiday
Striking Greek seamen will suspend any further industrial action to avoid disrupting ferry and freight services during the Easter holiday, their union said Wednesday. The Panhellenic Seamen’s Federation (PNO) announced that all passenger ship ...
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Bar Guide: Emilitsa's Greek wines and craft cocktails surprise and delight
Press HeraldBar Guide: Emilitsa's Greek wines and craft cocktails surprise and delightPress HeraldBOTTOM LINE: Co-owned by brothers Demos and John Regas, Emilitsa is a modern Greek restaurant in Portland's arts district. While known for its exceptional food, Emilitsa is a good place for a more intimate bar experience – perhaps for a date or a quiet ...
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The Pistorius Trial: His Courtroom Hysterics May Be Mostly Theater
The famous athlete might be crying and vomiting on the stand, but experts say domestic abusers are notoriously good at showing remorse
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Athens Bomb Fails To Dent Greek Bond Sale
Greece has tapped the bond markets for the first time since its bailout in 2010, as deep anger remains over severe austerity in the debt-ridden nation. A bomb blast outside a Bank of Greece building preceded the debt sale. The device detonated in a car ...
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Yield-Hungry Investors Pounce On Greek Bonds
Yield-Hungry Investors Pounce On Greek BondsForbesIt seems all the recent “haircutting” has been forgotten. Due to the current low rate environment, a yield return clocking in near +5% will always be in demand and this Greek issue is no exception. Investing in any asset involves risk and investors ...
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Not to Spoil the Greek Bonds Party, But…
Greece’s first longer-term debt sale since its international bailout four years ago was, if the headline numbers are anything to go on, a screaming success. Some €20 billion ($27.7 billion) of orders were said to have been placed from 550 ...
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Greece’s bond sale tops 3 billion euros as nation ends market exile
Greece ended a four-year exile from international markets with a bond sale of 3 billion euros ($4.2 billion), more than the government estimated.
The coupon on the bond, which will be settled next week, is 4.75 percent, with almost 90 percent of the issue... ...
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Greece Bounces Back to Bond Market With 3.0-Billion Debt Sale
Bailed-out Greece returned to bond markets with a bang on Thursday after a four-year exclusion. (Photo by Milos Bicanski/Getty Images) 2014-04-10 06:46 AM EST Stock Exchange displays show stock price movements on April 10, 2014 in Athens, Greece.
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SYRIZA Calls Athenians to Protest Merkel’s Visit
Greece’s main opposition party SYRIZA has called all citizens of Athens to a demonstration on Friday against the visit of the German Chancellor Angela Merkel.
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Athens Blasted by 75kg Car-Bomb Outside Bank of Greece HQ
Around 6 a.m. in central Athens Thursday, a bomb exploded outside the Bank of Greece headquarters. Nobody was reported hurt by the blast,
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Greek market return, Fed minutes spur periphery debt rally
* Rest of euro zone market firmer after dovish Fed minutes (Updates with Greece selling 3 billion euros of bonds, fresh comments) LONDON, April 10 (Reuters) - Greece's robust return to bond markets on Thursday two years after it defaulted buoyed investor appetite for lower-rated euro zone bonds, driving their borrowing costs back towards multi-year lows. Belief that a rate hike by the U.S ...
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Innovative spirit thrived in Greece
Innovative spirit thrived in GreeceRochester Democrat and ChronicleDyson Robert, fruit evaporator" is the listing that appears under the Town of Greece (Barnard Post Office) in the town listing at the rear of the Rochester city directories of the early 1900s. Who was Robert Dyson and just what is a fruit evaporator ...
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