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How the world sees Greece
Wednesday, April 23, 2014
Are the odds in your favor this ‘Greek Week?’
Every year, Millersville University’s All Greek Organization hosts Greek Week, a week-long event where 19 different MU Greek organizations come together for a friendly competition. With a total of ten challenges, Greek Week will be held from Monday ...
Greece's public finances are in a dire state, and cooking the books won't help
Primary budget facts and details in the small print can no longer be hidden by creative accounting and a sleight of hand
It was dodgy accounting that got Greece into a mess in the first place. Now, more dodgy accounting is being used to dress up the dire state of the nation's public finances.
When the government in Athens announced last week that it was running a surplus in its primary budget a measure of financial health that strips out interest payments it could only do so by recording more than 3bn (£2.5bn) in arrears owed to hospitals and the social security fund as assets. Without this creative accounting, there would have been a primary deficit.
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European Union praises Greece for budget surplus
Ed Adamczyk ATHENS , Greece, April 23 (UPI) -- Greece drew praise from the European Union after announcing a budget surplus, its first since emergency measures and a bailout were undertaken in 2010.
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Another Greek Muslim Minority SYRIZA Candidate Resigns
Greece’s main opposition party SYRIZA is in the spotlight after one of its candidates for May’s local elections representing the country’s Muslim minority in
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Greece shooting investigation: 390 reopens
13WHAM-TVGreece shooting investigation: 390 reopens13WHAM-TVGreece, N.Y. – A shooting investigation in Greece shut down parts of 390 North and South Wednesday. Both routes have reopened. The Greece Police Department plans to close down lanes on W. Ridge Road for several hours Wednesday afternoon.Greece Police Investigating a Vehicle Possibly Being Struck by a BulletWROC-TVCar struck by bullet prompts I-390 investigationRochester Democrat and ChronicleNorthbound 390 Closed at 104 West for Police InvestigationWHAMall 7 news articles »
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Health insurance a casualty of Greek austerity
Health insurance a casualty of Greek austerityYahoo NewsATHENS, Greece (AP) — Greece says perhaps a fifth of the country's 10.8 million residents have lost their public health insurance, particularly families of long-term unemployed who have had state benefits withdrawn. Health Minister Adonis Georgiadis ...and more »
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Food fun stuff: Greek food, ice cream and picnics
Food fun stuff: Greek food, ice cream and picnicsSpartanburg Herald JournalEpicenter goes Greek: Visitors to Charlotte's Epicenter, 210 E. Trade St., will soon find a new culinary offering. Ios Greek Kitchen, which is set to open this month, will offer Greek-inspired dishes. Menu items will include grilled octopus, falafel ...and more »
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A day of good news for the eurozone
The EU was cheered by positive news today. Portuguese bonds rose, Greece met its budget goals and business activity is growing at its fastest rate in years.
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Europe's debt crisis eases as Greece and Portugal report economic progress
The GuardianEurope's debt crisis eases as Greece and Portugal report economic progressThe GuardianEurope's recovery from its debt crisis took two significant steps forward on Wednesday as Greece posted a primary budget surplus and Portugal made a successful return to the bond markets for the first time in three years. The European commission paved ...Update: Greece Primary Surplus E1.5b Based On Programme MethodMNI Newsall 3 news articles »
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Greek milestone helps Europe put crisis in past
BRUSSELS (AP) — Europe's debt crisis is receding farther behind in the rear view mirror.
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Forget Greek yogurt, try the tea
Forget Greek yogurt, try the teaUpstartFor those who don't know what Greek iced tea is, it's a caffeine-free herbal tea made from Sideritis, a flowering plant that's plentiful in Mediterranean regions of the world. Tsipouras has fond memories of traveling to Greece with her grandmother and ...
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The Importance Of Greece
There has been much skepticism about Greece's fiscal progress and interim reports suggesting that it was recording a budget surplus when debt servicing, and one-off factors were excluded, were greeted with scorn. And even some of those accepting that it ...
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Greece on FIBA crossroads
Greece on FIBA crossroadsPhilippine StarAlthough Greece made it to this year's FIBA World Cup through the back door as a wildcard entry, it can hardly be considered a pushover and this early, the Greeks are being touted as Argentina's closest rivals in the race to the top of Group B in the ...
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2014 Greek Week wraps up with awards
Kappa Kappa Gamma, Delta Sigma Phi and Beta Sigma Psi were announced as this year’s overall Greek Week winners outside Jesse Hall Monday evening. The pairing won the categories of “overall fling” and “public relations” and came in third in the ...
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Greece reaches milestone, opens way for debt relief: European Commission
BRUSSELS -- Greece has reached a major financial milestone that its creditors demanded as a precondition for being granted more debt relief, the European Commission said Wednesday.
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Greece to Sell Disused Olympic Facilities
The Greek privatization fund TAIPED (Hellenic Republic Asset Development Fund) is to undertake the sale of the disused Olympic facilities in Athens, construction of which cost more than 577 million euros. The total cost of the construction was based on ...
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Budget surplus earns Greece debt relief from EU
European officials today confirmed that Greece will obtain more debt relief from its international lenders after meeting fiscal targets and achieving a budget surplus. Last year’s surplus of €1.5 billion is the first since 2002 and came a year ahead of ...
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NBG prepares to price through Greek sovereign
NBG prepares to price through Greek sovereignInternational Financing Review“NBG will price through the Greek sovereign,” said a syndicate banker. “Intuitively, it doesn't make a lot of sense, but the capped size and the further potential for tightening in Greece and Greek credits will encourage people to come in. The main ...and more »
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Italy’s Enel Applies to Search Greece For Oil and Gas
The Greek Ministry of Environment, Energy and Climate Change received yesterday three applications for hydrocarbon exploration in the regions of western Greece and
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Economic woes in Greece lead to rash of suicides
Economic woes in Greece lead to rash of suicidesNew York Post“In 2010 there were around two suicides in Greece per day, it appears 50% were due to austerity,” said Nikolaos Antonakakis. Antonakakis said he had been focused on a potential link between austerity and suicide rates after he had seen numerous media ...and more »
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More Greek Statistics? Troika Confirms Primary Surplus
KathimeriniMore Greek Statistics? Troika Confirms Primary SurplusWall Street Journal (blog)This latest development means that the Greek government can redistribute some of the above-target surplus to its citizens. (In theory, it also means Greece could default on external debt and continue paying pensions and salaries internally from the ...PM Samaras sees Greek bond yields falling moreKathimeriniGreek Debt Grows as Samaras Looks to Creditors for ReliefBloombergGreek budget deficit falls to 2.1 percent of GDP in 2013ReutersIndependent Online -Greek Reporter -MNI Newsall 104 news articles »
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Greece's 2013 Debt Swells to Record as Samaras Seeks Relief
Greek state debt surged to a euro-era record last year, underscoring the urgency of Prime Minister Antonis Samaras’s push to lower the cost of the government’s bailout loans. The country’s debt pile reached 175.1 percent of gross domestic product in ...
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Creditors to begin debt relief talks with Greece
Greece’s creditors are to begin a new round of talks over whether Athens should be granted additional debt relief, after Brussels certified that the Greek government last year achieved a surplus in its annual budget if interest payments and some one-off ...
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Paudelopoulou Killed at the 1913 Ipswich Riot
The death of bystander Nicoletta Paudelopoulou was the centerpiece of the investigation once the 1913 hearings related to the rioting in Ipswich, MA commenced. Yet curiously, the testimony of John Baker, an eyewitness to her killing, was for all intents and purposes totally ignored. No effort was made to have Baker identify the Ipswich policeman […]
The post Paudelopoulou Killed at the 1913 Ipswich Riot appeared first on The National Herald.
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Dead Child Molester Worked in Greece
The FBI asked the public's help to identify at least 90 potential victims of a suspected child predator who worked at schools in the US and internationally, including Greece.
The post Dead Child Molester Worked in Greece appeared first on The National Herald.
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Kerkyra: The Ultimate Easter Experience
Passionate band music, fragrant blooming trees, and a fresh springtime essence will put you in the mood for a wonderful religious celebration reflective of the Kerkyra’s rich traditions and culture. Magnificent philharmonic performances accompany the thousands of people participating in marches commemorating the death and resurrection of Christ. These intense performances enhance the religious atmosphere, […]
The post Kerkyra: The Ultimate Easter Experience appeared first on The National Herald.
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Catsimatidis to Back Daily News’ Citizenship NOW!
John Catsimatidis, self-made billionaire businessman and recently former NYC Mayoral candidate (2013) will back this year’s Daily News Citizenship NOW, the News reported. That initiative, the largest program of its kind in the nation, according to the News, gives free and confidential immigration information each year, and reports to have helped more than 123,000 callers. […]
The post Catsimatidis to Back Daily News’ Citizenship NOW! appeared first on The National Herald.
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Eurostat Certifies Greek Primary Surplus Reached
The European Union’s statistics agency Eurostat on April 23 said that Greece had a 3.4 billion euro primary surplus for 2013, a
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EU governments cut deficits, Greece more than expected
In 2013, governments in Europe were able to substantially lower their budget deficits, according to the latest EU data. Nevertheless, EU countries are still laboring under huge and even burgeoning debt mountains.
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The Drinking Age Is Past Its Prime
The age 21 rule sets the United States apart from all advanced Western nations, and it has pushed kids toward pills and other anti-social behavior.
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Greece reaches financial milestone
GREECE has reached a major financial milestone that was required if it were to be granted more debt relief, the European Union says.
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| READ THE ORIGINAL POST AT www.news.com.au |
Greek debt relief beckons after 2013 surplus
Greece had a primary surplus of 0.8 percent of GDP last year, the European Commission said on Wednesday, a result that paves the way for some form of debt relief from euro zone governments that are now the main creditors of Athens. Greek public debt rose ...
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Greece qualifies for new debt relief after 2013 budget surplus
BRUSSELS/ATHENS (Reuters) - Greece is set to obtain more debt relief from its international lenders after European officials confirmed on Wednesday that Athens had topped its fiscal targets and achieved a budget surplus in 2013. Wednesday's announcement come on the fourth anniversary of Greece's official request for a bailout after it lost access to global bond markets. The budget surplus is a ...
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| READ THE ORIGINAL POST AT finance.yahoo.com |
Greece hits milestone, opens way for debt relief
BRUSSELS (AP) — Greece has reached a major financial milestone that its creditors demanded as a precondition for being granted more debt relief, the European Commission said Wednesday.
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Greece's NBG to break free of sovereign shackles with senior bond
LONDON, April 23 (IFR) - National Bank of Greece is preparing to price a senior unsecured bond at a lower yield than its sovereign, in a sign that the "doom-loop" between sovereigns and their banks might finally be broken. The financial crisis exposed the ...
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| READ THE ORIGINAL POST AT www.reuters.com |
EU Confirms Greece Beat Its Budget Targets in 2013
EU Confirms Greece Beat Its Budget Targets in 2013Wall Street JournalATHENS—Greece beat its budget targets last year, Europe's statistics agency said Wednesday, confirming a dramatic turnaround in the country's public finances and opening the way for fresh debt reduction measures by Greece's euro-zone partners in the ...
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12 Ways Greek Yogurt Needs To Seriously Calm Down
The Greeks do a lot of things right in life (ahem, like soaking their desserts in honey). It's no wonder that we are quick to adopt their olive oil-heavy Mediterranean diet and thick, custardy Greek yogurt. But the Greek yogurt craze has gotten out of ...
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Greece meets budget goal set as condition for talks on further debt relief
Greece has met the budget goal set by its euro area partners as a condition for talks on further debt relief, four years after the country called for a financial lifeline, the European Commission said today. Prime minister Antonis Samaras’s government ...
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UK hits deficit target; Greece posts a primary surplus
The European Union says Greece has reached a major financial milestone that was required if it were to be granted more debt relief. European Commission spokesman Simon O'Connor said Wednesday that Greece's government revenues last year exceeded expenditure ...
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Greece Meets Budget Target for More Debt Relief, EU Says
Greece met the budget goal set by its euro-area partners as a condition for talks on further debt relief.
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Four Years of Memorandum in Greece
Four years ago, on Friday April 23, 2010, the then Greek Prime Minister George Papandreou visited Kastelorizo, eastern Greece and announced that the country will have to resort to the supporting mechanism of the IMF and the EU. From that day on Greece has ...
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EU Says Greece Reached Milestone in Improving Its Finances, Opens Way for ...
EU Says Greece Reached Milestone in Improving Its Finances, Opens Way for ...ABC News... Greece Reached Milestone in Improving Its Finances, Opens Way for More Debt Relief. BRUSSELS April 22, 2014 (AP). Associated Press. EU says Greece reached milestone in improving its finances, opens way for more debt relief. Join the Discussion.
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Greek primary surplus in 2013 was 0.8 pct/GDP-Commission
Greece had a primary surplus of 0.8 percent of GDP last year, the European Commission said on Wednesday, a result that paves the way for some form of debt relief from euro zone governments that are now the main creditors of Athens. Greek public debt rose to 175.1 percent of gross domestic product last year, the European Union's statistics office said, up from 157.2 percent in 2012. The condition ...
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Greece reaches milestone, opens way for assistance
BRUSSELS (AP) — The European Union says Greece has reached a major financial milestone that was required if it were to be granted more debt relief.
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SYRIZA Ticket Axes Roma For Muslim
Greece's major opposition SYRIZA party has replaced a Gypsy leader with a Muslim as a candidate for European Parliament elections.
The post SYRIZA Ticket Axes Roma For Muslim appeared first on The National Herald.
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Greek MERS Patient Critical
Greece has recorded its first case of the potentially fatal respiratory disease known as MERS, and the patient is in critical condition.
The post Greek MERS Patient Critical appeared first on The National Herald.
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Samaras Wants Troika To OK Corporate Tax Cut
With most Greeks buried under big tax hikes to go along with salary cuts, Prime Minister Antonis Samaras reportedly wants to cut
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SYRIZA Dumps Gypsy Activist For Muslim
Greece’s major opposition Coalition of the Radical Left (SYRIZA) party has suddenly and without explanation yanked a Roma leader in Thrace
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Premature accession
Premature accessionThe Economist (blog)A few weeks ago we examined research assessing the benefits of European Union membership. For most entrants joining the EU gave real output per person a big boost relative to what might have been expected. But not for Greece. Almost immediately upon ...
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| READ THE ORIGINAL POST AT www.economist.com |
Portugal Makes Its Triumphant Return
Slowly but surely, former problem countries in Europe are returning to normalcy.
The latest is Portugal, which just sold 750 million euros in 10-year bonds at a yield of 3.5752%, according to CNBC.
Just recently, Greece returned to the bond market with a sale of short-term debt.
Not only has Portugal successfully floated this debt, its borrowing costs are at an 8-year low, an astounding fact for a country that was once thought to be a default candidate.
The story is the same as the rest of Europe: The market believes that governments have an implied backstop from the ECB, preventing default. And with the Eurozone facing possible deflation and more QE, everyone's hungry to snap up all this (relatively) high-yielding peripheral debt.
Join the conversation about this story »
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