For many years, academic institutions have worked with corporate America to anticipate the hiring needs of companies and to educate and prepare college ...
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How the world sees Greece
Saturday, October 31, 2015
Employers: Check out Greek affiliations
Greece's NBG Q2 loss widens on bad debt provisions
Greece's largest lender NationalBank (NBG) on Saturday reported a loss in the secondquarter as bad debt provisions weighed.
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| READ THE ORIGINAL POST AT www.reuters.com |
Japan's Kenzo Shirai wins world floor exercise title
GLASGOW, Scotland (AP) — Might as well call them the even bars. China's Fan Yilin, Russia's Viktoria Komova and Daria Spiridonova and Madison Kocian of the U.S. made history on Saturday at the world gymnastics championships, tying for gold in the uneven bars when the judges awarded each the same score. There are no tiebreakers during world meets, meaning all four shared the top of the podium in one of the more unusual award ceremonies in the 112-year history of the event. "Guess they couldn't decide which routine was the best," Kocian said with a laugh. "I don't know." Neither, apparently, did the six-person judging panel. While there was a five-way tie for silver on pommel horse at the 1922 worlds, this is the first time the gold medal stand looked like a line at Starbucks. Organizers were forced to improvise during the ceremony, with the flags of all three countries being walked out onto the floor rather than being raised to the rafters because the rigging couldn't accommodate four flags hanging from the same height. The Chinese, Russian and U.S. national anthems were played one after the other, with the athletes kind of giggling in a moment that was equal parts weird, awkward and memorable. "It's very good," Russian coach Andrei Rodionenko said. "Not everything is understandable." Scores in gymnastics are comprised of two elements, one based on the difficulty of your routine and the other on how well you do it. Fan's set was the toughest, even though her coach always seemed to be within arm's reach in case of disaster. Kocian and Komova earned the best marks for execution. In the end, the total is the only thing that mattered, even if in this case it made things a little weird. OK, a lot weird. "I've never seen that before," said reigning Olympic champion Gabby Douglas, who finished fifth. "I was just like really judges? Come on now!" U.S. national team coordinator Martha Karolyi was just fine with the decision to spread it around, pointing to the pain that came in London three years ago when Aly Raisman lost a bronze in the all-around to Russia's Aliya Mustafina on a tiebreak. There will be no tiebreakers at the Rio Olympics next summer. The supersized podium also put Kocian and Komova in close quarters just days after Komova — the silver medalist in the all-around behind Douglas in London — accused the U.S. team of being on performance enhancing drugs after the Russians were a distant fourth to the Americans in the women's team final. Komova approached Kocian and three-time all-around champion Simone Biles in training on Friday to clear things up, a move Kocian considered sincere. "She said, 'I'm truly sorry for what I said,'" Kocian said. "I guess we take it as a good thing because we've been dominating for so many years now." Detente appeared to have been reached by the time the women were on the stand together. "Either way I figured I would get a medal," Kocian said. "I was just hoping it would still be gold." There was also a tie for bronze in men's pommel, though just more traditional two-way variety as Armenia's Harutyun Merdinyan and Japan's Kazuma Kaya each earned a medal behind British stars Max Whitlock and Louis Smith. Whitlock's gold was the first ever by a male British gymnast at worlds. Whitlock's score of 16.133 was a tenth better than Smith's total as Britain continued its ascension to the sport's elite. The British men won silver in the team finals on Wednesday, a day after the women earned bronze. Whitlock also picked up a silver on floor exercise behind Japan's Kenzo Shirai, who added second world floor exercise gold to go with the one he captured in 2013. Spain's Rayderley Zapata Santana edged China's Deng Shudi for third. Russian Maria Paseka earned her country's first medal of the championships on vault, where her average of 15.633 was just better than the Hong Un Jong of North Korea. Biles fought through spasms in her shoulder to claim bronze, her 12th career medal at the world championships, a record for an American woman. Biles actually had the top execution score on both of her vaults, but the difficulty of her second vault wasn't high enough to pass Paseka or Jong. Biles is working on a harder second vault, but it wasn't ready for the meet. She plans to correct that for Rio. The 18-year-old will get a chance to add to her haul during the balance beam and women's floor exercise finals on Sunday. American men Alex Naddour finished seven in the pommel horse. Brandon Wynn was fifth on still rings behind gold medalist Eleftherios Petrounias of Greece, while U.S. teammate Donnell Whittenburg came in eighth. Join the conversation about this story »
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| READ THE ORIGINAL POST AT www.businessinsider.com |
Europe's Best Luxury Hotels for Autumn Sunshine
As the days get shorter and the temperature starts dropping, those days of sunshine seem far away. But here are a few stunning luxury hotels where you can relive summer at lower rates. Rhodes, Greece, for the best autumn break : average high temperature in October is 24 C (75 F) September and [...]
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"Plan X": Former GREEK Finance Minister on the Movement to Democratize Europe
Former GREEK Minister of Finance, Yanis Varoufakis. (Photo: Ververidis Vasilis / Shutterstock.com)Yanis Varoufakis is the former finance minister of ...
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Investor Ross says GREEK bank recap approach may turn off investors
ATHENS Oct 31 Billionaire investor Wilbur Ross who is a major shareholder in Greece's Eurobank said on Saturday that diluting shareholders of the ...
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Greek Banks Face $15.9 Billion Bill After Economic Debacle
… Prime Minister Alexis Tsipras and Greece’s European creditors reached a … from euro-area emergency loans under Greece’s latest bailout agreement. Common … of Greek lenders that seek state aid. Board members in Greek banks …
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Olympiakos beats Veria 2-0, keeps perfect record
ATHENS, Greece (AP) — Olympiakos beat host Veria 2-0 Saturday to maintain its perfect record in the Greek league after nine rounds.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
Artist Maria Ogedengbe channels GREEK story for vivid Crossroads Artboards
Maria Ogedengbe's work currently is featured on the Artboards, twin billboards above the Missouri Bank building at 125 Southwest Blvd. in the ...
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GREEK PM to open rehab center at Diavata Prison
Alexis Tsipras is due to become the first GREEK prime minister to pay an official visit to a penitentiary institution on Monday, when he inaugurates a ...
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
GREEK PM compares migrant border controls to BERLIN WALL as he rants he's ASHAMED of EU
GREEK prime minister Alexis Tsipras has condemned Europe's response to the migrant crisis as shameful, while comparing the decision to erect ...
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| READ THE ORIGINAL POST AT www.express.co.uk |
Quelle Surprise: GREEK Banks Need Recapitalising With €14.4 Billion
The European Central Bank has announced the results of its stress tests into how much the GREEK banking system needs in order to be recapitalised.
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Greece's Alpha Bank posts 9-month loss, provisions weigh ...
ATHENS Oct 31 Alpha Bank, Greece's fourth-largest lender by assets, on Saturday reported a loss in the first nine months of the year compared to a profit ...
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ECB's Greek bank test shows 3rd bailout likely to be ...
The euro zone's third bailoutfor Greece is likely to be smaller than the initially envisaged86 billion euros, because the European Central Bank's ...
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Greek lenders told to raise $16 billion in capital
The central bank’s assessment was eagerly awaited by the financial world as a crucial step in determining how much money the Greek banks would require to ...
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Greece passes bank recapitalisation bill
Majority backing for bill that gives rescue fund voting rights in exchange for state aid
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Cincinnati Enquirer
Greek banks have already been bailed out under Greece's earlier bailout deals. But they suffered further losses as the country headed toward a third bailout this ...
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Greece: Protesters target border fence after refugee deaths
LESBOS, Greece (AP) — Protesters clashed with police guarding a border fence in northern Greece Saturday, following a series of sea accidents that killed dozens of migrants and a warning from authorities that the death toll is likely rise in coming weeks.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
ECB: Greek Banks Need $15.8 Billion to Get Back on Track
European Central Bank review shows hole in Greek banks' finances smaller than first feared
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| READ THE ORIGINAL POST AT abcnews.go.com |
Amid Greek Austerity, This Group Fights For People With ...
Amid Greek Austerity, This Group Fights For People With Mental Illness They defend the rights of those who are often stigmatized and ignored.
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The Latest: Several hundred at anti-migrant rally in Austria
Several hundred right-wing supporters have rallied in Austria against asylum-seekers who have been streaming into the country in search of a better life in Western Europe. Demonstrators were marching toward the refugee camp while chanting anti-government slogans and holding banners reading "No Way" or "You will not make Europe your home." An official leading rescue efforts on the Greek island of Lesbos has warned the death toll in the eastern Aegean Sea is likely to rise in the coming days unless urgent action is taken to stop smugglers in nearby Turkey. Antonios Sofiadelis told The Associated Press that smugglers were using increasingly dangerous tactics to take refugees to Greece. Croatian police say a 63-year-old woman from Afghanistan has died of natural causes in a refugee camp in the first case of a migrant death there since a river of asylum-seekers started entering the country in mid-September.
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| READ THE ORIGINAL POST AT www.sfgate.com |
Greek Lenders Told to Raise $15.9 Billion to Cover Bad Loans
The European Central Bank’s assessment is an indicator of what it will take to enable Greek lenders to help the country resume healthy economic growth.
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| READ THE ORIGINAL POST AT www.nytimes.com |
The third bail-out
WHEN the third GREEK bail-out was outlined in principle on July 13th after an extraordinarily fraught summit of euro-zone leaders, between €10 billion ...
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| READ THE ORIGINAL POST AT www.economist.com |
Optimism about GREEK bank recap prospects after ECB unveils test results
GREEK banks are expected to unveil their recapitalization plans in the coming days after the European Central Bank announced on Saturday that the ...
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
Greek banks must raise euro 14.4 bn after European Central Bank test
In the stress tests, the banks' capital gap amounted to euro 14.4 billion under a simulated crisis, and euro 4.4 billion under the baseline scenario
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| READ THE ORIGINAL POST AT www.business-standard.com |
Greek parliament approves bank recapitalisation bill
Parliament approved the bill by a majority. The bill states that bank rescue fund HFSF will have full voting rights on any shares it acquires from banks in ...
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Apax and TPG tactics in TIM Hellas buyout challenged in Luxembourg court
Private equity firms accused of siphoning £720m out of Greek wireless operator Two mainstays of the private equity industry, Apax and TPG, found themselves in a European court last week in a legal dispute that thrust the workings of buyout groups into the spotlight. The two groups were accused in Luxembourg of having wrongly siphoned €1bn (£720m) out of Greece’s first wireless operator, TIM Hellas. The hearing was the latest stage in a case that has been in and out of the courts since 2011 – two years after TIM Hellas collapsed into administration Joint liquidators to the group argued that TIM Hellas “did not in the slightest have the available profit” to redeem shares held by the private equity houses in a refinancing deal. Instead, the money to redeem the shares was funded by more than €1bn of debt issued by TIM Hellas, then part of a telecoms holding company that had been moved to Luxembourg. According to the TIM Hellas liquidators, this breached Luxembourg rules. Continue reading...
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| READ THE ORIGINAL POST AT www.theguardian.com |
Greek PM and European Parliament President to Visit Lesvos Next Week
Greek Prime Minister Alexis Tsipras and European Parliament President Martin Schulz will visit the East Aegean Greek island of Lesvos this upcoming Thursday in the context of the ongoing refugee crisis, Greek media reports. Out of the more than 500,000 migrants and refugees who have arrived in Greece since the beginning of the year, Lesvos has
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
German Magazine Reports on European Officials Trying to Lure IMF into Greek Bailout
German newspaper Der Spiegel reports that European leaders are trying to persuade the International Monetary Fund to participate in the new Greek bailout by considering a new approach towards the Greek debt. The three year 86 billion euro Greek bailout was agreed to in late August. Despite its participation in the first phase of Greek bailouts, the IMF has yet
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Head of Greek Capital Market Regulator Resigns
The head of the Hellenic Capital Market Commission (HCMC), Konstantinos Botopoulos has submitted his resignation, following a request by the Greek Finance Minister Eucid Tsakalotos, sources said on Friday. Botopoulos had been at the helm of the Commission for 4 years. According to sources from his post, Botopoulos has proposed that his resignation take effect after
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
European Central Bank: Greek banks need $15.8 billion to ...
A man walks by a National Bank branch in Athens on Saturday. The European Central Bank announced that Greek's battered banks need $15.8 billion in fresh capital in ...
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| READ THE ORIGINAL POST AT www.csmonitor.com |
Greek banks must find up to 14.4 bn euros after ECB stress ...
Four major Greek banks must find up to 14.4 billion euros ($15.8 billion) to survive potential economic shocks, the European Central Bank said Saturday after they ...
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| READ THE ORIGINAL POST AT uk.finance.yahoo.com |
Goddesses Go to Greece tour is an immersive experience ...
I recommend the Goddesses Go to Greece Christmas (winter) trip, a custom tour of Greece and the Greek islands for women traveling alone. I felt completely safe and ...
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| READ THE ORIGINAL POST AT touch.latimes.com |
U.S. Says Greece Must Lift Bank Governance to Build on ...
Greece must improve financial-sector governance now that its biggest banks are moving to sounder footing, the U.S. Treasury’s top international official ...
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| READ THE ORIGINAL POST AT www.bloomberg.com |
Greece's Piraeus Bank nine-month loss shrinks, provisions ...
ATHENS (Reuters) - Piraeus Bank, Greece's second-largest lender by assets, on Saturday reported a loss of 635 million euros (453 million pounds) in the ...
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| READ THE ORIGINAL POST AT finance.yahoo.com |
Turks Head To Polls With Concerns Over Poverty And Inequality
_Every week, The WorldPost asks an expert to shed light on a topic driving headlines around the world. Today, we speak with Turkish novelist and essayist Kaya Genc._ Turkish citizens will head to the polls on Sunday to vote in the nation's second election of 2015. The vote takes place just weeks after the worst terror attack in Turkey's history, when deadly bombings blamed on the Islamic State group killed at least 95 people at an opposition rally in October. Along with the bombings, renewed fighting between Turkey's government and Kurdish PKK militants means that security concerns have taken center stage in the elections. Yet Turkey is facing a host of other, crucial challenges, including an economy that has been flagging for years and tensions over poverty and inequality. While analysts and observers predict how the election will affect President Recep Tayyip Erdogan and his AK Party's hold on the country, they may be missing the nuance of what the elections mean to the average Turk. The WorldPost spoke with Istanbul-based novelist and essayist Kaya Genc to learn about his perspective on the upcoming vote. In a recent op-ed for Al Jazeera, "Poverty in Orhan Pamuk's Turkey," Genc argued that Sunday's snap election provides the perfect opportunity to discuss acute income inequality in Turkey -- and explained how literature plays a role in publicly addressing the country's social challenges. YOU WRITE THAT THAT INEQUALITY HAS BECOME A MAJOR CHALLENGE IN TURKEY. WHAT DIFFICULTIES DOES THE COUNTRY FACE IN THAT REGARD? In the first decade of this century, Turkey witnessed an economic boom: This meant more opportunities and jobs for the poor. The boom did little to increase things like worker rights or the number of memberships to worker unions; on the contrary, the more job opportunities we had, the more open to exploitation the market had become. Incomes of the poor increased, but in an unequal way. Mevlut, the protagonist of Orhan Pamuk's latest novel, _A Strangeness in My Mind_, experiences this inequality acutely -- he rises in society economically, but people who came to Istanbul with him during the same years rise more quickly than he does, because they are more ambitious and care less about things like religion, personal ethics or public morals. So inequality is a byproduct of Turkey's economic boom and should be considered alongside the economic conditions in which it appeared. IS INEQUALITY A TOPIC TURKS FREQUENTLY DISCUSS, DESPITE ITS ABSENCE FROM POLITICIANS' POLITICAL PLATFORMS? I think people here care about their economic situation more than anything else in the world. The problem is, they don't articulate this interest in economy in the public sphere. All we get from politicians is words on "the clash of life styles in Turkey" or promises like "destroying the backwardness of Turkish people." By this, politicians often mean a forced change in people's lifestyles. I think, in the final weeks of this election, we started hearing more about the economy, which is a positive sign; both Republican and Conservative parties made concrete, detailed economic promises. We will see whether they will be able to keep them if they win the elections. > Inequality is a byproduct of Turkey's economic boom and should be > considered alongside the economic conditions in which it appeared. HOW ARE NOVELISTS IN THE COUNTRY HELPING TO SHED LIGHT ON THIS ISSUE? Latife Tekin had produced an aesthetically daring fictional world based on the lives of the poor in her _Berji Kristin: Tales from the Garbage Hills_, which has an excellent English edition published by Marion Boyars. Tekin's style is very poetic and presents the world of the poor as something aesthetically fascinating, rather than as some horrid space one should escape from as soon as possible. In Orhan Pamuk's _A Strangeness in My Mind_, the approach towards the lives of the urban poor is more realistic, and Pamuk can be said to have produced an almost Marxist analysis of the material conditions of the poor. His fiction sheds light on the business networks between the urban poor, which have long been invisible for Turkey's middle class fiction readers. The accustomed way of telling stories here had been through the perspective of upper-middle-class intellectuals, civil servants, those with public functions whose job it is to "save the poor from themselves," "enlighten" and "educate" them. We are currently seeing a reversal of this perspective, with new books written in the voice of the poor, where civil servants and the rich sections of the society are seen under a new and less-flattering light. WHAT’S ONE MAJOR THING THE MEDIA MISSES IN ITS COVERAGE OF TURKEY’S POLITICS AND THIS ELECTION CYCLE? Turkish media is fascinated by the international media, and how they represent Turkey's reality in their television coverage or op-ed pages. It is very meta: The main concern here is whether Turkey is "represented truthfully" abroad. From fulfilling basic journalistic functions like fact-checking to more broader issues like editorial integrity, the standards of the press here is in a sad shape. > Columnists represent the poor as empty-headed people scratching > their ugly bellies, suffering from malnutrition. Turkish media is more concerned about how The Economist newspaper in London views the elections in Turkey and what an editor in her Manhattan office thinks about Turkey, than about what people in Turkey's poor neighborhoods may be feeling and thinking. This goes hand-in-hand with a demonization of Turkey's working classes. Columnists represent the poor as empty-headed people scratching their ugly bellies, suffering from malnutrition. In the early years of the republic, the rural poor used to be represented as cockroaches, ignorant creatures that had to be reformed by the state apparatus by all means. Like "chavs" in British culture, about which Owen Jones wrote an excellent analysis, Turkey's working classes are looked down upon and seen as a problem that needs fixing in the future by enforcers of enlightenment and modernity. _This interview has been edited for clarity._ More from The WorldPost's Weekly Intervie > trong> > > - What History Can Teach Us About The Worst Refugee Crisis Since > WWII > - Why China's Economic Woes Are Causing Alarm in Africa > - What's Behind Greece's Spectacular U-Turn On Austerity > > _ALSO ON HUFFPOST:_ his feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
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ECB reveals capital hole in Greek banks as unpaid loans ...
FRANKFURT (Reuters) - Greece's banks need to raise more than 14 billion euros ($16 billion) of extra capital to cover mounting unpaid loans, the European ...
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| READ THE ORIGINAL POST AT finance.yahoo.com |
GREEK conscripts: 'we won't take part in fighting migrants'
A collective statement on the migrant crisis from “Diktyo Spartakos” ('Spartacus Net'), a far leftist formation inside the GREEK army, and signed by ...
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| READ THE ORIGINAL POST AT libcom.org |
ECB says risky loans at GREEK banks were adjusted up by 11 percent
FRANKFURT Oct 31 An increase of 7 billion euros ($7.7 billion)in GREEK banks' non-performing loans equates to an 11 percent adjustment on the total ...
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| READ THE ORIGINAL POST AT www.reuters.com |
European Central Bank: GREEK banks need to find €14.4bn in new capital
The four biggest GREEK banks need a combined €14.4bn (£10.3bn) in new capital if they are to survive, according to the European Central Bank.
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| READ THE ORIGINAL POST AT www.cityam.com |
Greece's FinMin satisfied with bank results, optimistic on ...
ATHENS (Reuters) - Greek Finance Minister Euclid Tsakalotos said on Saturday he was satisfied with the results of stress tests on the country's four main ...
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| READ THE ORIGINAL POST AT finance.yahoo.com |
Greece's banks must find extra €14bn to survive dire ...
Greece’s four main banks need to find another €14bn (£10bn) of reserves to ensure they could withstand an economic downturn, the European Central Bank ...
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| READ THE ORIGINAL POST AT www.theguardian.com |
Greek PM Tsipras says he is ashamed to be part of the EU because of its failure on refugees
Reuters Greek Prime Minister Alexis Tsipras has … ," Tsipras told parliament. Impoverished Greece has been a transit point … also said any suggestion that Greece was not effectively safeguarding the …
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| READ THE ORIGINAL POST AT world.einnews.com |
Greek banking system need €14.5bn to survive
… Alpha, Piraeus, National Bank of Greece, and Eurobank - have until … bank since February, as ordinary Greeks have rushed to pull their … could also be covered by Greece's existing bank bail-out …
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| READ THE ORIGINAL POST AT world.einnews.com |
Greek banking system found to have €14.5bn black hole
… Alpha, Piraeus, National Bank of Greece, and Eurobank - have until … bank since February as ordinary Greeks have rushed to pull their … could also be covered by Greece's existing bank bail-out …
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| READ THE ORIGINAL POST AT world.einnews.com |
Plunging temperatures bring greater perils for refugees trying to reach Greek islands
… the northern coast of Lesbos, Greece Photo: AP Conditions are even … coast of Lesbos, Greece Photo: AP The hard-pressed Greek coast guard has … the northern coast of Lesbos, Greece Photo: AP At the hillside …
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ECB: Greek Banks Need 14.4 B Euro Infusion
FRANKFURT— The European Central Bank says Greece’sbattered banks need 14.4 billion euros ($15.8 billion) in fresh money to get back on their feet and resume normal business. The figure announced Saturday is the result of an ECB review of Greece’s four main banks, which now must submit plans to raise the money to boost […] The post ECB: Greek Banks Need 14.4 B Euro Infusion appeared first on The National Herald.
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Aegean Sea Death Tolls Likely to Rise
LESBOS— An official leading rescue efforts on the Greek island of Lesbos has warned the death toll in the eastern Aegean Sea is likely to rise in the coming days unless urgent action is taken to stop smugglers in nearby Turkey. Lt. Cdr. Antonios Sofiadelis told The Associated Press that smugglers were using increasingly […] The post Aegean Sea Death Tolls Likely to Rise appeared first on The National Herald.
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EU executive encouraged by results of Greek banks stress ...
BRUSSELS Oct 31 The European Commission said on Saturday it was encouraged by the results of the comprehensive assessment of the capital needs of the Greek ...
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| READ THE ORIGINAL POST AT www.reuters.com |
Greek and Turkish Cypriots unite in defence of halloumi
The divided island comes together to seek protected status for its cheese - but Britain stands up for its own producers
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| READ THE ORIGINAL POST AT www.telegraph.co.uk |
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