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How the world sees Greece
Wednesday, December 24, 2014
Canandaigua Theaters plans Christmas Day showing of "The Interview"
Santa Tracker 2014: Athens, Greece welcomes Santa as he flies over the area
Santa Claus is coming to town! NORAD's Santa Tracker is up and running at noradsanta.org as Santa Clause makes his storybook Christmas Eve ...
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Community Journalists Experience Treacherous Holiday Driving
NEW YORK – Thoughtful people know that every day is Thanksgiving, but a number of New Yorkers are especially thankful to God this Christmas season. Well known Greek-American photographer Dimitrios Panagos, driving a 2012 Toyota Prius on Old Country Road in Nassau County accompanied by his wife, journalist Rebeka Panagos, were among the travelers near […] The post Community Journalists Experience Treacherous Holiday Driving appeared first on The National Herald.
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Europe Edges Higher and Greek Drama Simmers and Wall Street Hits High
Europe edges higher as Wall Street hits new highs DAVID McHUGH, AP Business Writer FRANKFURT, Germany (AP) — Global stocks drifted in different directions Tuesday as investors hung their stockings by the chimney with care to see if the pre-holiday party would continue on Wall Street. The Dow is flirting with 18,000 as the holiday […] The post Europe Edges Higher and Greek Drama Simmers and Wall Street Hits High appeared first on The National Herald.
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News Analysis: Presidential ballot uncertainty may lead to rocky ride for Greek economy
Prolonged political uncertainty may lead to a rocky ride for the Greek economy in 2015, at a time when debt-ridden Greece seemed to be getting back ...
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Family behind Estiatorio Milos restaurant seeks to raise profile of Greek wines
With its barrel-aged feta cheese, homemade thick yogurt and exquisitely fresh (and expensive) seafood, Estiatorio Milos has sought to elevate Greek ...
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Greek Holocaust Monument Desecrated
A Holocaust monument in the Greek town of Larisa was desecrated with anti-Semitic symbols and slurs, the Central Council of the Jewish Community ...
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Students who Excelled in Greek Language Awarded
Students who excelled in learning Greek in the Victorian Certificate of Education (VCE) examinations were awarded by the Greek Community of Melbourne during the established annual celebration of Christmas, which took place this year at the beautiful new ...
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The ten worst performing stock markets in 2014 (and how to buy them)
How to access this market: For investors who want to have a punt on Greek shares bouncing back in 2015 there is the Global X FTSE Greece 20 ...
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Vandals strike Jewish cemetery in Greece
LARISSA, Greece (WJC) — The Jewish cemetery in the Greek town of Larissa was vandalized with anti-Semitic graffiti signed by “Larissa Skins” on ...
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Greece Vote, U.S. Confidence, Brazil: Week Ahead Dec. 27-Jan. 3
The Greek parliament holds a third and final vote to choose a new president in the coming week. If the vote fails, Prime Minister Antonis Samaras will ...
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Canadian Prime Minister Congratulates Greek Publishers
Congratulatory letter from the Prime Minister of Canada, Stephen Harper, and the Premier of Quebec, Philippe Couillard, received two Greek-Canadian publishers, George Guzmas and George Bakoyannis, on the occasion of the circulation of the 2000th issue of ...
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The Medicinal Properties Of Frankincense And Myrrh
Neither does the Gospel say that they were kings, they are described as wise men – Magi, from the Greek magoi.
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Gold: A Rally Ahead Of A New Greek Debt Crisis? (GLD)
As a reminder, Greek President Samaras has brought forward the presidential election by two months in order to end the political crisis.
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Draft statement on Greek, Assyrian, Yazidi genocide put into circulation at Armenian parliament
The draft says that the Armenian National Assembly condemns the genocide against the Greeks, Assyrians, Yazidis and other religious and ethnic ...
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German Optics Company to Buy Greek Island for Customers
A well-known German eyewear company has challenged its customers to buy 420,000 frames and, in exchange, it will buy a Greek island for them. Libuda Optic World, based in Villingen-Schwenningen in southern Baden-Wurttemberg, Germany, which is specialized in manufacturing and selling glasses, has shown interest to buy the Greek island of Agios Athanasios, located in the Corinthian Gulf, as part of its incentives program for top customers. It should be noted that the specific island was also rumored to be sold in 2009 for a sum of 1.5 million euros. A company spokesman stated that in previous similar programs it has offered flights to space and that the latest one is based on the German people’s desire to spend their vacations in Greece. The island’s cost is estimated at 1.5 to 1.6 million euros and Libuda Optic World added that it will also purchase Agios Athanasios for its customers if they buy just 155,000 frames and contribute another 1 million euros to the deal.
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Greek government keeps eye on elections as crucial vote nears
In the second round of voting on Tuesday, the government's candidate Stavros Dimas got within 12 votes of the 180 he will need to be elected next Monday, an improvement on his disappointing first round score. But the numbers remain tight and if Dimas falls ...
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Greek FinMin Examining to Issue Treasury Bills to Secure 4.5 Bln Euros
Towards the emergency issuing of Greek treasury bills is directed the Finance Ministry in order to secure some 4.5 billion euros for the country’s government, which in the first quarter of 2015 needs to cover the payment of interest and amortizations, if ...
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Greek Presidential Candidate: I Will Not Accept Being Elected With Golden Dawn Votes
Greek Presidential candidate Stavros Dimas ruled out the scenario of being elected as the next President with the votes of neo-Nazi party Golden Dawn. “As I respect the democratic institutions, I will not accept being elected President of the Republic with Golden Dawn votes,” Dimas underlined, commenting on the ongoing speculation that the xenophobic party’s MPs could vote for him. Nevertheless, Greece’s Administrative Reform Minister, Kyriakos Mitsotakis, and Parliament Third Vice President Christos Markogiannakis appeared to be in line with Dimas, dismissing the scenarios that want ruling New Democracy to be accepting Golden Dawn’s support. Commenting on the scenarios regarding a possible effect Golden Dawn MPs’ votes could have on the result of the third ballot for the election of a new Greek President, Mitsotakis told Greek television: “Don’t even think about it. There will be New Democracy MPs who will not vote for a President if Golden Dawn says ‘yes’… I refuse to join forces with Golden Dawn for the President’s election. My vote will not contribute to the legitimization of Golden Dawn through the Presidential election. I will vote ‘present’; and I believe I will not be the only one to do so.” Markogiannakis said that “we do not accept support from a criminal organization.”
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Greek PM to Attempt to Influence Minor Opposition Parties Ahead of Third Presidential Ballot
Greek Prime Minister Antonis Samaras is processing his final strategies ahead of the final, third ballot for the election of the President of the Hellenic Republic. The speculation regarding the Greek Premier’s final move has dramatically risen since ...
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Greek Tax Revenue Misses Target
Greek tax revenue for the January-November 2014 period missed its target by 678 million euros, which is attributed to the significant reduction in income tax collection (at 416 million euros), according to data published by the Finance Ministry yesterday.
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The Simple, Pathetic Reason Why UK Economic Growth Lags America
Yesterday, the UK and the US both reported new numbers for economic growth. In the UK, Q3 GDP was adjusted down to 2.6%. Across the pond, growth was a massive 5%. The pace of growth in America is roughly twice that of Britain, in other words. This is surprising, because the two countries have similar economies and governments with similar fiscal policies. They share the same language (duh) and, frequently, large international companies have sizable numbers of employees in both countries. So why is Britain faring so much worse in the recovery? The answer is jobs and investment. America does much better on both factors: It has stronger public and private investment either coming in, or staying in the country. And it has better, higher paid jobs that are more productive — making those investments pay off. To put that in cartoonish anecdotal terms: America is now a nation of highly paid software developers. The British, meanwhile, are selling pies at Greggs for minimum wage. (Greggs is the archetypal cheap sandwich shop found in every British high street, for those of you reading this outside the UK.) It's tempting to think that the UK's growth problem is due to the fact that it's currently parked in a bad neighbourhood. Britain won't be seeing any positive knock-on effects from economic growth in Greece, Italy or Spain for a while. Russia basically just collapsed and will be in recession for the next two years, economist believe. External demand for our exports is crimped. The US, by contrast, is so big it is its own neighbourhood, so it isn't affected as much by a downturn in Portugal. But this isn't the main difference. Because Britain is doing so much better than its neighbours it ought to attract investment. But as a note to investors from Investec Economics yesterday points out, investment is actually leaving the country on a net basis: The main story was once again the weakness of the balance of investment income, which hit a new record low of -£12.4bn (minus £12.4bn). Of particular note was that the UK recorded a deficit of £1.7bn on income from direct investment during the quarter, only the second time in 17 years that this has occurred. This represents payback time for the number of years of consistent current account deficits which have resulted in a worsening in the UK’s net international investment position. This is estimated to have been in surplus in mid-1995 but is now reckoned to be in deficit to some £451bn, or 25% of GDP. At the same time, the jobs that are being created in the UK are low-wage jobs (think cafes and pubs and, yes, Greggs). Those types of jobs have a lower return on investment than high-paid, high-skilled jobs (think app developers and drug researchers). Here's the Bank of England's most recent job creation chart. Note that the biggest growth in jobs is in the low-skilled sector: In fact, in the UK, wages aren't even keeping pace with inflation. The general direction of this chart (below) tells you all you need to know, but the phenomenon you should care about is the fact that earnings of all workers in the UK have shrunk to below 90% of what they were in 2008, and that the wages of low and medium-skilled workers have taken the biggest hit of all: In the US, wages have beaten inflation recently (even if only marginally), according to the Bureau of Labor Statistics. The investment picture in the US couldn't look more different. Here were the contributing factors to GDP growth there, according to the US Commerce Department: Personal consumption spending Nonresidential fixed investment Federal, state and local government spending Exports Residential fixed investment Of those factors, three are forms of investment. (Conservatives ought to note that government spending is driving the US economy quite nicely. This crimps their argument that the UK's anaemic growth is the fault of the NHS — both countries have large-spending state sectors.) Now, here is what investment looks like in the UK. It's the light blue section of the column — notice how it basically collapsed in Q3: That's the difference between the US and the UK in terms of growth. Both are growing, but the UK is hobbled by low wages and lousy investment levels. It's tempting to conclude that low wages are reducing investment simply because low-wage jobs are so much less productive than high-wage/high skill jobs. In the US, the investment picture is much rosier: private investment and government spending appears to be boosting the economy at double the pace of the UK.Join the conversation about this story »
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New Greek Orthodox Church on Tates Creek nearing completion; services already under way
Icons dominate the small space used as a temporary sanctuary at Panagia Pantovasilissa Greek Orthodox Church in Lexington, Ky., on Dec. 18, 2014.
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Greek clash with the Eurozone would be like a self-devouring Ouroboros
Yesterday, the Greek Parliament held its second vote to affirm a new President. As had been widely expected, the nation's politicians were unable to ...
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For a Sweet (and Crumbly) Christmas
The word “melomakarona” is a combination of meli, which means “honey,” and makaronia, which comes from the ancient Greek word makaria ...
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Greek Politics Threaten The Stability Of The European Economy
Greek politics may threaten the ECB stimulus actions, as the opposition party “Syriza” seeks to exit from the EU and write-down of the Greek debt.
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| READ THE ORIGINAL POST AT www.investing.com |
Lykoudis and Theodorakis Announce Electoral Alliance
The electoral alliance between Spyros Lykoudis’ Reformers and Stavros Theodorakis’ “To Potami” was announced today at a press conference that took place at the Old Parliament in downtown Athens, Greece. Lykoudis revealed that he was in talks with Theodorakis regarding an alliance on Tuesday morning, prior to the second vote for the Greek Presidential election in Parliament. The independent MP was one of the founding members of Fotis Kouvelis‘ Democratic Left (DIMAR), from which he departed in September 2014.
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Greek telecoms firm OTE agrees new labour deal that secures jobs
ATHENS (Reuters) - Greece's largest telecoms operator Hellenic Telecoms (OTE) has signed a new three-year contract with its main labour union, ...
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CompaniesGreek bank Alpha turns to Spain for debt help
And now for something unusual from the eurozone periphery – a Greek bank setting up a joint venture with Spanish debt collector Aktua Soluciones ...
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Greek PM Warns of Likely Political Crisis if Presidential Vote Fails Again
After the Greek parliament failed for the second time to elect a president for the country, Prime Minister Antonis Samaras announced that ...
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Greece's Alpha Bank in deal to manage problem loans
Alpha and Greece's other big banks remain burdened by large problem loan portfolios after a deep recession which pushed the country's jobless rate ...
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Tight presidential vote will determine Greece's policy trajectory and government stability in 2015
Stavros Dimas, nominated by the ruling coalition of Prime Minister Antonis Samaras, requires the support of at least 180 (out of 300) members of ...
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Big Movers: National Bank of Greece (ADR) (NYSE:NBG), Ford Motor Company (NYSE:F ...
Analysts at Nomura downgraded shares of National Bank of Greece (ADR) (NYSE:NBG) from a “buy” rating to a “neutral” rating in a research note on ...
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Deutsche Welle: Change in Greece's position on naming dispute impossible
Skopje. There is no change in terms of the dispute concerning Macedonia's name and a change in Greece's stance seems impossible. German ...
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Crisis: Greece; new agency to replace EU's Task Force
(ANSAmed) - ATHENS, DECEMBER 24 - The work of the European Commission's Task Force for Greece is to be completed at the end of February, ...
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Greece unhappy about EU measures for 2015
The measures proposed to Greece by the Commission for the withdrawal, green harvesting and non-harvesting applies just to a small number of ...
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Greek Drama, Act III
On Tuesday Greek prime minister Antonis Samaris announced a surprise snap election for the Greek presidency. The president is the head of state ...
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Modern Bethlehem Is Not The Idyllic Nativity Village It Once Was
BETHLEHEM, West Bank (AP) — It's Christmas season and the little town of Bethlehem is jammed with a big-city problem: Traffic snarling streets everywhere, including around the church marking the spot where tradition says Jesus was born. The city is considering a dramatic solution to the problem — digging a tunnel under Manger Square. Traffic is a mess year-round. It may be the biblical town of grottos and shepherds' fields in the minds of many around the world, but Bethlehem is a modern densely populated town of 28,000 with a dizzying weave of small streets that practically guarantee traffic jams. "Bethlehem is going through a crisis," said Anton Salman, a city councilor. "We think that the solution to this traffic is to build an underground passage between the two sides of the square." Bethlehem's municipality hopes to eventually build several tunnels around the Palestinian city, where the urban development problems are myriad. Bethlehem is sandwiched on three sides by other towns. From the north and southeast, it is hemmed in by Israel's separation barrier and Jewish settlements, leaving it little choice but to build vertically. It is also a main transit point for drivers between the northern and southern parts of the West Bank, compounding its congestion. The area around the Nativity Church, built atop the site where Christians believe Jesus was born, is particularly busy, with a mix of tourists swarming the area and cars squeezing across the central Manger Square. Streets all around face a constant backlog because of traffic in the square, where beeping horns are heard as much as clanging church bells. Even worse, during the holidays, the square is closed for annual events like the Christmas tree lighting and Christmas Eve celebrations, when it is thronged with revelers. That plunges traffic nearby deeper into chaos. The plan proposes an 80-meter-long (260-foot long) tunnel passing under a narrow two-lane street that crosses Manger Square in front of the Nativity Church. The project would take about two years to complete and would cost $4 million to $5 million, with the Palestinian Authority pledging to foot the bill. If the plan is approved, construction could start next fall. With the tunnel ensuring the flow of traffic, Manger Square would be closed to cars entirely under the plan and turned into a pedestrian expanse. But the tunnel project could run aground before even breaking ground. The municipality would need to get a stamp of approval from the U.N.'s cultural agency UNESCO, which has listed the Nativity Church as a world heritage site and would want to ensure its protection. Junaid Sorosh-Wali, an official at UNESCO's Ramallah office, said the agency would study the plan once approached by Palestinian officials and then determine its position. Also, because the tunnel would pass near church grounds, church officials from each of the three denominations that administer the site would need to be involved. Officials at the Roman Catholic, Greek Orthodox and Armenian churches did not return messages requesting comment. And, as is always the case when excavating in the Holy Land, any significant archaeological finds could hamper progress on the project. To circumvent that, the study proposes digging a tunnel no deeper than 11 meters (33 feet). Anything of importance is usually buried further down, according to Mazen Karam, the director of the Bethlehem Development Foundation, a group that helped draft the tunnel study. The city will also need to carve out a compensation plan for the businesses whose trade is disrupted by the tunnel construction. For Karam, the tunnel is part of a series of projects meant to spruce up Bethlehem. His foundation has carried out work on cleaning up buildings in Manger Square and improving waste management in the city. "If Joseph and Mary came back to Bethlehem, they would be shocked," he said. "Bethlehem doesn't deserve to be crowded with people and heavy traffic. It should be more open with wide spaces so people can go and enjoy the home of Jesus." ___ Follow Tia Goldenberg on Twitter at twitter.com/tgoldenberg
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New Greek Crisis Ahead? The Political Factor
The surge of the leftist party Syriza and its willingness to stop austerity measures if elected has brought high volatility to the Greek markets.
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Luxury Cars ‘Invade’ Popular Greek Winter Destination
Even in the difficult times of the Greek economic crisis, there are people who live in the country and are still able to drive some of the most luxurious cars in the world. These people share a common love for powerful engines and high speed, and they often organize trips in order to drive long distances and spend some quality time with their cars and each other. Members of SpeedSector, a luxury car club, went on an one-day trip to Arachova, Greece , one of the most popular winter destinations, located on Mount Parnassus. The excursion had been planned ahead of time and the club members that decided to participate met at a highway parking lot between Athens and Lamia. A grey collectible Shelby Cobra, Ferraris, Porsches, Lotus, Mercedes, BMWs and Audis made their way to Arachova, turning the small town into a luxury car show. Locals were very excited at the sight and rushed to their cameras and smartphones in order to capture a picture of the rare sight. The drivers enjoyed a meal at one of the local restaurants and around the evening began their journey back. However, they already made plans for the next trip in another part of the country. SpeedSector is luxury car club that has been organizing such trips since October 2013. More than 50 members participate in each trip while a total of 300 people are currently enrolled in the club. In order to become a member, one needs to own a super car and agree to the terms and conditions that have been set by the club’s founders.
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MarketsGreek 3-year bond yields back above 10%
The embattled coalition will have to persuade MPs from the Democratic Left and Independent Greeks to switch sides to secure victory in the final ballot ...
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New York’s Holy Trinity Cathedral Glows with Christmas Spirit
NEW YORK – On the upper East Side of Manhattan it is not Christmas for Greek Orthodox Christians and their non-Greek neighbors alike until they partake of the holiday concert of the Archdiocesan Cathedral of the Holy Trinity with its delightful blend of carols in Greek and English. The 2014 concert, performed by the Cathedral […] The post New York’s Holy Trinity Cathedral Glows with Christmas Spirit appeared first on The National Herald.
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Samaras Stands His Ground: Dimas or Elections, No More Concessions Offered
Picking up votes ahead of a last round of balloting for Greek President on Dec. 29, Prime Minister and New Democracy leader Antonis Samaras reportedly will ask rivals to back his choice - his party's Vice-President Stavros Dimas - or go to early national elections. The post Samaras Stands His Ground: Dimas or Elections, No More Concessions Offered appeared first on The National Herald.
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Analysis: EU Quietly Prepares Plan B for Greece Amid Early Election Fears
Even though Greece's Prime Minister Antonis Samaras has been assuring his peers that he has the necessary votes to elect his choice as president, ...
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Under Fire, Greek Soccer Chief Quits
With a match-fixing scandal engulfing scandal-stained soccer in Greece, Hellenic Football Federation (EPO) President Giorgos Sarris has quit. The post Under Fire, Greek Soccer Chief Quits appeared first on The National Herald.
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Victoria Hislop: ‘The Island’ Author Hurts Cyprus
Frustration is spread in Cyprus for the highly anticipated new book on the occupied city of Famagusta, as British writer Victoria Hislop “whitewashes” the Turkish intruders, in what was originally presented as a novel that would spread the word of the continuing drama of the Cypriot city – which remains a ghost town since August 1974 – to the whole world. Last October, in fact, the occupied city’s mayor, Alexis Galanos, honored at a special event in Nicosia, supported the British author, stressing that “by itself, the title of the book (”The Sunrise”) gives hope to Famagustians that the desire for return will once be realized.” On her behalf, Hislop said at the time that the aim of her latest novel was to write the truth, noting that walking the deserted streets of the abandoned and looted by the Turks city, she saw the ruined houses and memories of people: “Just as I had seen through the ruins of Spinalonga, where lepers lived the history of their souls. I imagined their lives,” she added, referring to her best-selling novel “The Island.” However, the narratives of Hislop’s heroes caused various reactions in Cyprus and many directly claim that the victim and abuser are equated, while the Turkish invaders are being embellished. Former Education Minister Claire Aggelidou noted that there is no reference to the rich cultural past of the city in the book, which is inseparably connected with its timeless Greek character. Instead, solely the opulence of the early ’70s is presented. “The distinction made by Mrs. Hislop in favor of the Turkish-Cypriots is evident in a scholar, who, despite the benevolent mood, cannot point out the slippages in the text. Not talking about the plight of missing persons, prisoners of war, those who were shot by TMT and we are still burying them, suffering the pain every day until today, 40 years after,” Aggelidou underlined, concluding that in the novel, “the Greek-Cypriot is presented as a villain, exploiter, jobber and thief, while a Turkish-Cypriot as selfless, compassionate and altruistic. Is this not politics?” In a past interview, regarding “The Sunrise,” when asked if she knew about the Turkish invasion in Cyprus, Hislop admitted that while it sounds “incredibly naive, she could not remember.” In 1974, at the age of 14, she remembers reading about Cyprus, Watergate and Nixon’s resignation. “I remember seeing the name of Kissinger, who was involved in both issues, and the look on his face, for some reason, reminded me of a cartoon figure… I didn’t like many things: Makarios was also involved in politics and the UK was also involved… I never heard about Cyprus again,” she added then.
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Greece: tourist arrivals break 20-million 'barrier'
(ANSAmed) - ATHENS, DECEMBER 24 - The total number of foreign visitors to Greece broke the barrier of 20 million in the first 10 months of 2014, ...
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Greece: Power vacuum threatens bailout
Greece risks becoming ungovernable, and the power vacuum threatens the both the completion of the EU bailout for the country, and its economy, ...
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Turkish Fighters Invade Greek Air Space
Greece has put its military on standby after Turkey sent more fighter jets into Greek air space, which it does on a regular basis. The post Turkish Fighters Invade Greek Air Space appeared first on The National Herald.
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To Cut EU Fines, Greece To Close Landfills
Hammered by huge fines from the EU for failing to close landfills fast enough, Greece's government has filed legislation to speed the process. The post To Cut EU Fines, Greece To Close Landfills appeared first on The National Herald.
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