Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros
Saturday, May 17, 2014
Greeks to vote for local officials in foretaste of EU elections
Greek bronze medalist Pollatou killed in car crash
Turkey's foreign minister says US vice president's Cyprus visit important for peace talks
NICOSIA, Cyprus (AP) — Turkey's foreign minister says U.S. Vice President Joe Biden's visit to ethnically split Cyprus next week sends an important message of American support for renewed talks aimed at unifying the island.
Ahmet Davutoglu says Biden's three-day trip — the first by a U.S. vice president in 52 years — "isn't an ordinary visit."
Davutoglu was speaking at a press conference Saturday after talks with Turkish Cypriot leader Dervis Eroglu.
Cyprus was divided in 1974 when Turkey invaded after a coup by supporters of union with Greece. Only Turkey recognizes the Turkish Cypriot declaration of independence and maintains 35,000 troops in the breakaway north.
Negotiations resumed in February after the two sides agreed on a joint statement outlining key principles of an envisioned federation.
News Topics: General news, Peace process, Diplomacy, International relations, Government and politicsPeople, Places and Companies: Joe Biden, Ahmet Davutoglu, Dervis Eroglu, Turkey, Cyprus, United States, Middle East, Western Europe, Europe, North America
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Skeleton in "black hole" sheds light on early Americans
Emir of Qatar Creating Emirate in the Ionian Sea
Thessaloniki to Vote on Water Privatization
Ukraine Crisis Dominates EU Energy Ministers’ Meeting in Athens
Greek Island of Elafonisos On Sale
Greek Ministry of Labor Offers 100,000 Free Vacations
Sneak Preview from TNH’s Travel Guide: My Summer in Greece: a non-Greek Tween Mythophile’s Hellenic Odyssey
By Sarah Nagengast (January, 2014) It’s January, and I’m helping my family plan a ski trip! We love the cold, snow, and steep hills of Vermont. But as I get excited about it I remember my last vacation, a trip this past summer to warm, sunny Greece. That was also a setting that I loved! […]
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National Bank Of Greece (ADR) (NYSE:NBG) Plans To Do Away With A Minority Stake In Finansbank
Who is Manchester United’s first summer signing Vanja Milinkovic?
Worried Greeks Flee For Pensions
Frantic Greeks Run For Pensions
Fearful of an increase in the retirement age and reduced benefits, hundreds of thousands of Greeks are fleeing the public and private sector to grab a pension now.
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Macaroni Mother’s Day Memories
HOUSTON, TX – I just got off the phone with my daughter after trying to decide on a restaurant for Mother’s Day. We settled on Mexican food. Big surprise in Houston. It has to be a buffet. Big surprise for Greeks. She’s also getting me a purse for the summer season, which lasts about six […]
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Greece to hold local elections on Sunday
Samaras Says Coalition Will Win
Prime Minister Antonis Samaras said his New Democracy and partner PASOK will will elections for municipalities and the EU parliament but might need to bring in another party.
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Delta Resumes Athens-New York Flights
U.S.' Delta Airlines on May 18 will start its summer schedule of non-stop flights between Athens and New York, a route it used to run year-round.
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Strauss-Kahn Says Greece Crushed
Former IMF chief Dominique Strauss-Kahn said austerity measures worsened Greece's economic crisis and called them "unbearable."
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Migrants’ voting ban aids Greece’s far-right in Euro elections – claim
German Bonds Post Weekly Gain on ECB; Greek Debt Falls
Greece: Uncertain steps in hydrocarbon exploration
Lenders conclude Greek Cypriot mission
Despite economic improvement, protest vote poses major test for Greece's governing coalition
Greek coalition faces major test in midterm vote
The last warning
The European Parliament elections might be ‘won’ by the centre-right EPP or the centre-left S&D, but the real winners will be the extremists, especially on the far-right, who may get up to a third of the seats.
Indeed it is highly likely that in France, the far right Front National of Marie LePen will top the poll, while this may happen in other countries as well, such as Greece, where the situation has got out of control and the government coalition is in state of panic.
The unfortunate and terrifying electoral outcome, however, may serve as the last warning for European society before an escalating breakout of social unrest.
This social eruption will be the result of the Brussels/IMF forced austerity, which brought to the peoples of Europe, especially in the South, only misery, the rapid depletion of the middle class and a fast growing social class of neo-poor which will express itself politically, next Sunday, May 25.
Hopefully, the unprecedented increase of the far right in Europe, will force traditional political parties to renovate and drastically change policies.
There is only one answer; new young uncorrupt people in politics and economic relaxation. Print money in Frankfurt, push to an annual inflation of five to seven percent per year for the next five years and freezing of debts.
This inflationary move was suggested by the British economist Will Hutton several years ago. If we had listened, we would be in real recovery now.
We didn’t and the medicine still needs to be applied.
If it isn’t, I do not want even to think about what will happen.
The Untouchables
“In politics, there are things that are said but not done and things that are done but not said,” is attributed to Greek president, Konstantinos Karamanlis, whose name is given to the bridge that unites the two main buildings of the European Parliament in Brussels.
As an ever decreasing percentage of Europeans head to the polls for this week’s European Parliament elections, it is important to remember how the EU, especially the Commission President has treated certain member states.
Veteran EU correspondent, Peter Spiegel has written in the Financial Times about the G20 summit in November 2011, after the then Greek prime minister, George Papandreou had called for a referendum on the €172 billion bailout programme. Papandreou hoped that this would force people to choose and give him a mandate to enact the harsh reforms that were being demanded from Greece.
At the G20, Papandreou was subjected to the wrath of the French president and what Sarkozy’s finance minister later called “psychological warfare.”
According to the account, while the room was erupting, President Barroso sat quietly. Secretly, Barroso had contacted Greek opposition leader, and current prime minister, Antonis Samaras and they discussed ‘technocrats’ who could take over from the elected Greek PM, then as the meeting ended, Barroso swiftly struck a deal with Evangelos Venizelos, who had sensed the end of Papendreou, but remained ambitious.
By the time the Greeks returned to Athens the referendum and the president were finished.
That’s not all that happened at the G20. Former US Treasury Secretary Timothy Geithner reveals, in his book “Stress Test” that “European officials” were asking the US to help them push Italian Prime Minister Silvio Berlusconi out of office.
“We can’t have his blood on our hands,” Geithner replied.
On our back page we discuss the disturbing machinations used by Merkel and Van Rompuy that have kept four national leaders from running for European office.
It is difficult to imagine more damning accounts of the way the EU is acting behind the scenes.
The reports of the President of the Commission conspiring to overthrow the government of a member state is not one of the things that “are done but not said”. It is simply not done. Because they undo Europe.
Europe is being undone. Like a fish, it rots from the head first.
For a progressive alternative to austerity and sovereign debt crisis in Europe
1. The Euro-Crisis as a Process of Conservative Transformation
Jean-Claude Trichet, as President of the European Central Bank (ECB), noted in a press conference in March 2008: “The fundamentals of the euro area economy remain sound and the euro area economy does not suffer from major economic imbalances”. When asked about the implications of the US subprime crisis into the euro area (EA) economy, he raised concerns about inflation. Six years later, all these statements sound like black humor.
The EA is experiencing a severe sovereign debt crisis. Growth prospects are weak and fragile. Unemployment levels in the countries of the so-called European ‘periphery’ have reached hitherto unthinkable levels and the risk of deflation is by no means negligible.
The monetary aspect of the EA is unique. No solid and uniform fiscal authority stands behind the ECB. The latter, thus, cannot be effective in its role as lender of last resort and market maker of last resort. In this context, governments will not always have the necessary liquidity to pay off bondholders.
This should not be taken as a real sacrifice on the part of the ruling economic elites. On the contrary, it is considered as a welcome condition for the organization of restrictive neoliberal strategies, because wage cuts and the disintegration of the welfare state can be presented by the political elites as the only route to financial stability. Nevertheless, this has turned out to be a risky trade-off. In other words, for the ruling neoliberal elites crisis is just the other way to implement the neoliberal strategies, more unorthodoxly and violently this time.
This strategy justifies the principle of austerity in the context of the EA: the crisis (low growth) is by and large being used as a means to further neo-liberalize state governance. The debt problem is used as means to reinforce neoliberal reforms throughout Europe.
2. A Progressive Alternative
The European Left fights against austerity and for a resolution of the sovereign debt problem at the European level. This is the reason why SYRIZA insists on a political resolution of the country’s debt problem, which should contain on the one hand the writing-off of a considerable part of the Greek sovereign debt, and on the other a revised repayment schedule of the rest, based on the concept of a ‘growth clause’, according to the ‘model’ put forward by the London Debt Agreement in the year 1953, regarding the restructuring of the sovereign debt of the Federal Republic of Germany.
However, what is appropriate for Greece and other small over-indebted EA economies may not be appropriate for big European economies. In other words, debt forgiveness all over EA is rather unfeasible, given the magnitude of the overall EA sovereign debt (9.2 trillion euros). However, an alternative progressive approach is possible:
The ECB acquires a significant part of the outstanding sovereign debts (in market prices) of the EA countries and converts them into zero interest perpetuities. These will appear as assets in its balance sheet while there will be a proportional increase in the monetary base in the side of liabilities. Debts will not be forgiven. Individual states will agree to buy them back in the far future.
A simple illustration can clarify the point.
Let’s suppose that the ECB buys at market values Italian sovereign debt to the level of 100% of the country’s GDP, and carries its nominal value forward for 7 decades (with a discount rate of 1%). Assuming a 3% average annual nominal growth for the next 70 years, by the time that Italy buys back the debt from the ECB its nominal amount will correspond approximately to 25% of its future GDP. This would be a manageable addition to the existing debt of the time.
This model of unconventional monetary intervention will give to progressive governments in the EA the necessary condition to develop social and welfare policies to the interest of the working classes and social majority, and to replace the neoliberal agenda with a program of social and economic reconstruction.
Commemorating the 1914-23 Greek Pontic Genocide
Camping in Greece
What remains of Greece. A photographer speaks
Greece Athena High School wins Rochester Rocs!
Greece is the most anti-Semitic country in Europe
Tuneful twosome stepping down in Greece
Greek-American Rocker Sentence to Six Years for Attempting to Hire a Hit Man to Kill His Wife
VISTA, CA – Tim Lambesis, the 33 year-old tattoo-clad lead singer of the rock band As I Lay Dying, was sentenced to six years in prison after having pled guilty to hiring a hit man to kill his estranged wife, Meggan, the Los Angeles Times reported. At the sentencing Meggan, his wife of eight years, […]
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Greek Food Festival to offer roasted lamb, baklava and more this weekend in ...
Greece must score goals to survive
“Beach Here, Geeett ur Beach Here!” (Greece Sells Seashores)
One of the most accepted disgraces in Greece is that private developers have bought up or just flat out stolen much of the prime seafront property, particularly in Athens, and cluttered it with taverns and admission fees for people to use public beaches. Most of it is unlawful but has been allowed to go on […]
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Combative Tsipras gives Syriza a boost
The Capital Region Greek Festival is here
Greek Festival celebrates country's culture, food
Greek Week expands beyond traditional affiliations
Alexis Tsipras uses EU campaign to connect with voters in Greece
Greece 18-25 May: Our patience is over
Greek cleaners win anti-austerity class-action
Freebie Friday: Opera, Greek festival and camping advice
The Rangos Plan for Solid Waste Disposal in Greece
By Evan C. Lambrou - Special to The National Herald NEW YORK – Everyone knows Greece is in a terrible financial bind. Economists predict a protracted recession for at least the next 5-10 years. But with an overall unemployment rate still hovering around 27-28 percent, Greece is actually experiencing a depression-level economy, not just a […]
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