Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros
Thursday, June 19, 2014
Buying Into Greek Life: Is It Worth It?
China vows to be long-term investor in Greek economy
China Bullish on Greece, $4.6B in Business Deals Signed in Athens
Chinese Prime Minister Li Keqiang oversaw the signing of trade and investment deals worth some $4.6 billion with Greece on Jan. 19 during a visit expected to help boost the recession-plagued country's economy. At a press conference with Greek Prime Minister Antonis Samaras, Li expressed support for bailed-out Greece's economic revival effort.
The post China Bullish on Greece, .6B in Business Deals Signed in Athens appeared first on The National Herald.
Young People Are Much More At Risk To Be Poor Now
Rising inequality is one of the hottest topics up for debate, especially following the success of French economist Thomas Piketty's book "Capital in the 21st Century."
The OECD is out with a new report on rising income inequality. The key finding that stands out, is that the risk of poverty has shifted from the elderly, those over the age of 65, to young adults, those between the ages of 18 and 25.
Here are the key takeaways from the report:
The 18-25 cohort saw the biggest loss of income once the crisis began, while those over the age of 65 were sheltered from the worst effects. Average household disposable income fell 1%, in inflation adjusted terms, among youth, and 0.7% among the 26-65 cohort. Meanwhile, those over the age of 65 saw a 0.9% increase per year on average. "By 2011, people aged 66 to 75 faced a risk of poverty that was 25% lower than the population average, and which was (for the first time since OECD data are collected) the lowest among all population groups." The income of the poorest 10% of the population fell compared to the top 10%, according to a new OECD report. The largest increases were seen in Spain, Ireland, Greece, Estonia and Iceland, some of the countries that took the biggest blow from the crisis. The income of the bottom 10% fell by 1.6% per year from 2007 to 2011. Across the OECD, the average drop in income in the poorest 10% was double that of the top 10%. Relative income poverty, which refers to "the share of individuals with an equivalized disposable income below 50% of the national median)" was at more than 20% in Mexico and Israel in 2011. When looking at the period between the crisis and 2011 however, relative income poverty increased the most in Turkey and Hungary. On average, relative poverty impacts about 12% of the population in OECD nations. " In 2011, singles and single parents were between two and three times more likely to be poor than the reference population."SEE ALSO: We're On The Verge Of The Greatest Transfer Of Wealth In The History Of The World
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Home News WORLD CUP: Greek fans gather on the Danforth for...
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BRAZIL BEAT: Greek coach Santos big fan of Japanese _ restaurant, that is
The Global Inequality Calamity Is Slamming Young People Harder Than Old People
Rising inequality is one of the hottest topics up for debate, especially following the success of French economist Thomas Piketty's book "Capital in the 21st Century."
The OECD is out with a new report on rising income inequality. The key finding that stands out, is that the risk of poverty has shifted from the elderly, those over the age of 65, to young adults, those between the ages of 18 and 25.
Here are the key takeaways from the report:
The 18-25 cohort saw the biggest loss of income once the crisis began, while those over the age of 65 were sheltered from the worst effects. Average household disposable income fell 1%, in inflation adjusted terms, among youth, and 0.7% among the 26-65 cohort. Meanwhile, those over the age of 65 saw a 0.9% increase per year on average. "By 2011, people aged 66 to 75 faced a risk of poverty that was 25% lower than the population average, and which was (for the first time since OECD data are collected) the lowest among all population groups." The income of the poorest 10% of the population fell compared to the top 10%, according to a new OECD report. The largest increases were seen in Spain, Ireland, Greece, Estonia and Iceland, some of the countries that took the biggest blow from the crisis. The income of the bottom 10% fell by 1.6% per year from 2007 to 2011. Across the OECD, the average drop in income in the poorest 10% was double that of the top 10%. Relative income poverty, which refers to "the share of individuals with an equivalized disposable income below 50% of the national median)" was at more than 20% in Mexico and Israel in 2011. When looking at the period between the crisis and 2011 however, relative income poverty increased the most in Turkey and Hungary. On average, relative poverty impacts about 12% of the population in OECD nations. " In 2011, singles and single parents were between two and three times more likely to be poor than the reference population."SEE ALSO: We're On The Verge Of The Greatest Transfer Of Wealth In The History Of The World
Join the conversation about this story »
Bulgaria: Screams and streams
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Chinese carrier Cosco is transforming Piraeus and has eyes on Thessaloniki
Seated in his pristine office overlooking the port of Piraeus, Captain Fu Cheng Qiu sums up the magnitude of China's interest in Greece.
"No other country in Europe offers such potential," he says as cranes in constant motion move containers from ship to dock outside. "We believe that Piraeus can be the biggest port in the Mediterranean and one of the most important distribution centres because it is the gateway to the Balkans and southern Europe."
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Recycling Medea Premiers in America
By Fotis Papagermanos NEW YORK – Art is thought-provoking, and many questions crossed the minds of audience at the U.S. premiere of “Recycling Medea,” the film directed by Asteris Kutulas and scored by renowned Greek composer Mikis Theodorakis. “Is it a new film or is it a mere recycling” – as the title declares – […]
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Greek Cabbies Warn Summer Strike
With Greece enjoying what looks like a second straight record year for tourism, Greek cabbies have threatened to ride off the job unless they get lower taxes.
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New Greek University Strikes
Greek universities, shut down for three months last year, were closed again for June 19-20 after school officials demanded the rehiring of all 1,134 laid-off staff.
The post New Greek University Strikes appeared first on The National Herald.