How the world sees Greece
An opinion poll shows that the gap between New Democracy (ND), the leading party in Greece’s ruling coalition, and main opposition Radical Left Coalition (SYRIZA) has narrowed to 1.9 pct. According to a nationwide opinion poll conducted by Interview on behalf of northern Greece’s Vergina TV on January 9 and 11 on a sample of […] The post Poll Shows ND-SYRIZA Gap Narrowing appeared first on The National Herald.
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NEW YORK (TheStreet) -- Shares of National Bank of Greece closed up 6.37% to $1.67 on Monday after Syriza party leader Alexis Tsipras said Sunday that Greece would remain in the Eurozone even if his party wins the nation's general election later this month. "It's clear from any point of view that the subject of Greece leaving the euro simply does not exist," Tsipras told Greek weekly Realnews ...
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The best recent example is the Scottish referendum. Polls showed a close race but on voting day about 3% of the vote swung toward the status quo ...
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Airlines are seeking to cover the gap left by Cyprus Airways’ sudden shutdown last Friday, with Greece’s leading carrier Aegean Airlines making plans to increase its presence on the Eastern Mediterranean island. Cyprus media reports suggest that Aegean ha... ...
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German company Rheinmetall has admitted to paying a 127-million-euro bribe to Greek officials to secure the sale of 353 Leopard 2 battle tanks in a deal that was completed in 2009, according legal documents seen by Kathimerini and German newspaper Suddeut... ...
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The early general election and the ensuing freeze of economic activity will lead to fewer loan issues and a lower growth rate in 2015, according to bank officials’ estimates. “Even if the assessment and the negotiations between Greece and its creditors ar... ...
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Political uncertainty and the fear of an electoral leap into the unknown resulted in a significant drop in economic sentiment in Greece last month, according to a monthly survey by the Foundation for Economic and Industrial Research (IOBE). The index read... ...
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The new wind-powered electricity production unit on the islet of Aghios Georgios will start operating by the end of this year, according to the plans of listed company Terna Energy. This is the biggest investment in the sector in Greece, amounting to 150 ... ...
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Greek tourism hit a new record in 2014 thanks to the large amount of foreign tourist arrivals that boosted the country’s overall income and created jobs. However, according to travel agents, Greek tourism may not be as successful in 2015, since the ...
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The ‘Theseus Ring,’ a gold signet ring unearthed in the Plaka district of Athens in the 1950s and dating back to the Mycenaean period, went on display on Monday for the first time at the Greek capital’s National Archaeological Museum. The ring, which depi... ...
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On Monday morning yields on Greek 10-year bonds fell by 72 basis points to hit 9.42 percent at 8 a.m. EST. Yields on Spanish and Italian bonds also ...
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The radical leftist Syriza party is leading opinion polls ahead of Greece's snap election on Jan. 25, triggering fears of a standoff with EU/IMF lenders ...
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University of Athens rector and parliamentary candidate Theodoros Fortsakis referred to the honor he has been given by New Democracy, which chose him to lead the party’s State ballot. Furthermore, Fortsakis thanked the ruling party for giving him the opportunity to express his opinion and commented on the country’s present situation. Clarifying he is not a member of New Democracy, Fortsakis highlighted that Greeks are “at a stage in which a battle is conducted that will be really decisive for the country’s future.” In addition, the rector, who has been in a long dispute with the university’s students due to his controversial decisions regarding the guarding of the institution’s central facilities and other “hot” issues, characterized the education’s open issues as part of the wider political problem Greece is currently facing. “I feel that the university’s best defense can now be achieved from a political rather than an academic ‘step.’ The university’s institutional strengthening is a priority for me, something that can no longer be achieved by the campus,” he underlined, justifying his choice to be involved in politics, while he clearly attacked SYRIZA for its proclaimed education program. “If SYRIZA wins (the elections), their Education program will take us back to the university’s dark era,” Fortsakis highlighted, referring to the transaction status’ restoration. Fortsakis was among those who opposed the administrative staff strikes and has been in open conflict with University of Athens students on the issue of guarding its buildings by private security employees, financed by the institution. His decision led to numerous pan-educational demonstrations on November and December 2014.
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The survey conducted by the University of Macedonia research institute for Greek Skai TV showed Alexis Tsipras' Syriza leading by 4.5 percentage points over Samaras' New Democracy party. Both parties' ratings rose 2 percentage points from a poll by the ...
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With just two weeks to go until Greece is set to hold its national elections, the radical leftist Syriza party led in the polls over the weekend. The world has been watching developments in the tiny Eurozone ...
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The possibility of a bank run is a danger that Greece is facing if leftist SYRIZA wins the January 25 elections, according to a New York Times report. SYRIZA leads the polls and most likely will form a coalition government with another party. The new leftist government will have to renegotiate with the Troika of international creditors, demanding a generous debt haircut and ease the imposed austerity measures. At the same time, they promise Greeks more government spending. Analysts estimate that a SYRIZA government will eventually back down and accept the creditors’ decisions. However, until that happens, there is a serious risk that depositors might panic. Since Germany is not afraid that a Grexit will be contagious for the rest of the Eurozone, it can maintain its hard stance for a while. At the same time, Berlin is worried that if they cut Greece some slack, there might be political repercussions with Italy and France asking for the same. The report said that creditors will not agree to the debt haircut or the generous government spending so “the obvious compromise is to fix the interest rate at extremely low levels and extend the grace period before any loan has to be repaid.” If SYRIZA refuses to compromise and defaults on bailout payments, the European Central Bank (ECB) may cut liquidity to Greek banks and depositors will make a bank run. Also, since Greece has not received the bailout program’s last tranche, it may run out of funds by the end of February. If there was a bank run without a safety net, SYRIZA’s only option would be to impose capital controls. Greece will then have to beg its creditors for mercy and SYRIZA would have to bring back the drachma, the report said. A compromise is absolutely necessary. The Eurozone creditors and the moderate parts of the leftist party should work out a plan that will extend the bailout program. “After all, it is in nobody’s interest for Greece to be driven out of the euro,” the article concluded.
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Jozef Makuch states that the Eurozone is now prepared to manage a Greek exit from the euro
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KnightNews.com has obtained the full list of the fall 2014 Greek grade report listing each chapter's overall grade point average. Chi Omega led the ...
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Greece's anti-austerity party Syriza will face a rapid cash shortage should it win snap elections this month and challenge the country's EU-IMF ...
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The energy sector (grease) and the Eurozone (Greece) seem to dominate this year's supply of year-ahead reports, but there may be related issues that ...
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A Greek government official on Monday dismissed as “conspiracy theories, lies and slander” that members of the Jewish community in Greece pay less tax than other citizens. The Education Ministry’s general secretary for religion Giorgos Kalantzis said he w... ...
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The Greek stock market on Monday suggested it had loosened its ties to the fortunes of the two governing parties, as election day draws closer, posting significant gains on the assumption that SYRIZA leader Alexis Tsipras’s promise to keep the country in ... ...
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A fresh deterioration in weather conditions on Monday caused problems across the country, with strong winds in northern Greece uprooting a number of trees in various parts of Thessaloniki and blowing road signs and scaffolding onto a section of the northe... ...
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A 25-year-old Romanian national who has been implicated in the murder last month of acclaimed Greek novelist Menis Koumandareas, was on Monday given an extension until Wednesday to defend himself before an investigating magistrate. The 25-year-old, identi... ...
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The managing director of a company that runs a large parking lot on the Athens-Lamia national highway was arrested on Monday in connection with an unpaid tax bill of 5.13 million euros. The 66-year-old was to face a prosecutor in connection with his alleg... ...
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With the representatives of Pontian and Northern Epirus expatriates Federations met earlier today Greek main opposition SYRIZA leader Alexis Tsipras along with the party’s MPs Panagiotis Lafazanis, Dimitris Stratoulis, Panagiotis Kourouplis and Alexis Mitropoulos. Among others, Tsipras committed to restore the returnee expatriates’ pensions that have been cut, as he highlighted, by the coalition government of Prime Minister Antonis Samaras and government Vice President and Foreign Minister Evangelos Venizelos. “SYRIZA, as a wide, left, democratic and patriotic force, sees an integral part of Hellenism in the face of the emigrants – refugees of our country. It is committed to support expatriates with all its power and above all it is committed to restore the greatest injustice they have been subjected to by the Samaras – Venizelos administration; the ruinous cut of the meager pension of thousands of expatriates,” Tsipras highlighted during the meeting, adding that this commitment is among those measures announced in Thessaloniki International Fair (TIF), for the restoration of the ongoing humanitarian crisis. “A country with millions of unemployed, homeless and people living in indignity is not a European country. It is a country that runs down to the standard of living of the third world. That is the reality. And I want to point out that the Thessaloniki program is not negotiable,” Tsipras said, explaining that the so-called “Thessaloniki program,” which will be based on national resources, has been carefully planned, giving priority to social issues and is based on the country’s current capabilities. “Also, there is a second dimension on the issue; the moral one. All these years, we know that the people who returned from the former USSR are among the most progressive and creative elements of Greek society. They are people of moil who live on their savings and have never caused any problems to Greek society. We consider it our duty – a national and patriotic duty – to help for their final integration in the social and national body,” Tsipras concluded.
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Olympiakos is named the first round’s champions of the Greek SuperLeague, an accomplishment that in reality has no effect besides irritating the rest of the league´s clubs. Throughout the whole season Olympiakos’ inconsistency has let PAOK sit in first place. The Thessalonians deservingly stood atop of the league as they played spectacular football tipping opponents with four and five goals at times but the result would have been entirely different if the 2014 Champions took their games more seriously. With the sack of Michel and just as matchday 17 ended, the reds beat Skoda Ksanthi 1-3 and regained top spot as PAOK lost its third in six games and dropped two points below them. At the same time, Panathinaikos sitting at third place, reminded us of his early 00´s team when at halftime was already up 5-0 against Ergotelis. Marcus Berg’s return in the starting eleven gave the greens the moral elevation they badly needed and with a hat-trick lead the greens to an outstanding result, last seen by them in 2002 when they beat Panachaiki 8-0 (5-0 at halftime). A few points below at fourth place we meet Asteras Tripolis, a club which less than a decade ago was hopping between amateur and semi-amateur divisions and now is silently luring at the championship trophy. Asteras demolished PAOK in Tripoli (3-0) in a game which the black and whites have massive complaints about the referee’s decisions and rightly so in our opinion. However, it’s a common secret that PAOK has been unable to sustain the pressure of first place and in addition to its weak bench is now deflating its hopes to win their first trophy since 2003 (Greek Cup). In the first time in ages, Olympiakos has been easily dropping points home and away something unrecognizable for the Greek champions. As a result, the championship battle has turned into an interesting scramble in which PAOK, Panathinaikos and Asteras are lurking, waiting for the moment that the reds will lose their might. Top Scorers (Name, Matches, Goals) 1.Mitroglou Kostas 13/10 2.Athanasiadis Stefanos 14/9 3.Kaltsas Nikos 17/8 4.Karelis Nikos 16/7 5.Giannou Apostolos 16/7 6.Pereira Fakoundo 24/7 Standings 1. Olympiakos Piraeus 39 2. PAOK 37 3. Panathinaikos 33 4. Asteras Tripolis 31 5. Panaitolikos 28 6. Veria 26 7. PAS Giannina 25 8. Atromitos 25 9. Xanthi 25 10. Kalloni 23 11. Platanias 21 12. Kerkyra 21 13. OFI 20 14. Levadiakos 18 15. Panionios 15 16. Panthrakikos 14 17. Ergotelis 11 18. Niki Volos 7
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Sunday, January 11 Niki Volos 0 Levadiakos 3 awd. OFI Crete 3 Kerkyra 2 Panaitolikos Agrinion 0 PAS Giannina 0 Panathinaikos 5 Ergotelis 0 Panthrakikos 1 Atromitos Athinon 1 Xanthi 1 Olympiakos ...
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The partial lift in the moratorium allows Greek organizations to complete new member education programs and the initiation process of new members ...
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Greece's Prime Minister, Antonis Samaras has presented a new economic road-map to the Greek public. He claims that there will be no more cuts to salaries or pensions, and that taxes will gradually be lowered if his party is kept in power. Mr Samaras warned ...
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"The Greece problem is small in comparison to the question of if and when we expand our new monetary policy to additional market segments," Noyer ...
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It is 2015, but some traders are treating exchanging traded funds tracking PIIGS nations as if it is 2010 as renewed fears about Greece potentially leaving the Eurozone are prompting increased bets against ...
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Despite its currently low popularity ratings, Greece's social democratic PASOK party might yet play a key role in a future governmental coalition ...
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Influence of tycoons is under scrutiny but taming them will not be easy
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PRAGUE (Reuters) - The European Central Bank (ECB) is ready to launch quantitative easing if needed, but it is too early to say what exactly this ...
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After failing to get enough backing for his presidential candidate last month, leading to early elections, Greek Prime Minister Antonis Samaras said a ...
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The IOBE said its overall index for the Greek economy fell to 98.9 points in the final month of the year from 102.7 in November its lowest level since ...
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While ordinary Greeks call them “diaplekomenoi” (the entangled ones) or “davatzides” (pimps), economists call them oligarchs because of their grip on ...
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Exports of Greek fruit and vegetables to Russia in the period from January-October 2014 dropped by 31.1 percent in volume compared with the same ...
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With less than two weeks to a general election, Greece's financial markets were steadying Jan. 12 — a sign investors are a little less concerned that the result could lead to the country dropping out of the euro even if the opposition SYRIZA wins. The post Despite Political Stability, Greek Markets Fears Ease appeared first on The National Herald.
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According to the German Ministry of Finance representative “no debt cropping is to occur whatsoever”
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The Bank of Greece (BoG) issued on Sunday an announcement noting that "the condition is under total control" answering to articles referring to ...
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CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a dip for the oil majors and a rebound for Greek stocks.
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There is a distinct irony in dozens of students in a class full of athletes cheating in a course on sports ethics. That's the situation at Dartmouth College, where 64 students were accused of cheating in a course called "Sports, Ethics, and Religion." Students allegedly used wireless handheld clickers that were registered to absent students to make it seem like their missing peers were answering questions in class. Attendance and participation make up 15% of a student's grade in the course, student newspaper The Dartmouth reported in November. The local Valley News newspaper reports that Dartmouth has suspended "most" of the accused students for a semester. Dartmouth religion professor Randall Balmer has said he initially designed the course to help student-athletes who may have trouble keeping up with the workload at the Ivy League college. Close to 70% of the 272 students enrolled in "Sports, Ethics, and Religion" last semester were Dartmouth varsity athletes, The Dartmouth reports, including more than half of the football, men's hockey, and men's basketball teams. Balmer — who also taught the course — lectured on topics such as fanatical fans, the origins of various sports, and "muscular Christianity." Students were responsible for mid-term and final exams, as well as writing a five- to seven-page book review for their final paper. Here's the course description included in the syllabus: A survey of the origins and development of the culture of athletic competition in America, with roots in the Greek athletic ideal and in the "Muscular Christianity" movement of nineteenth-century England. We'll examine the peculiar (religious?) passion that Americans invest in sports as well as the role that sports has played as an engine for social change. We look, finally, at some of the ethical issues surrounding organized sports. The class also included three debates that all enrolled students participated in — on college athlete compensation, politically correct mascots, and sports venues funded by taxpayers. A Dartmouth spokesperson sent Business Insider the following statement: The Academic Honor Principle is a foundational element of a Dartmouth education. The integrity and excellence of that experience require trust between our faculty and students. For this reason we treat all academic honor code violations as major misconduct. The actions of a group of students for possible violations of the honor principle relating to misrepresentation of class attendance and participation are under judicial review. Check out the full syllabus below, via The Dartmouth: Religion 65 Syllabus SEE ALSO: Police Investigation Clears Fraternity At The Center Of The Controversial Rolling Stone Article Join the conversation about this story »
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Former ECB Governing Council member Lorenzo Bini-Smaghi makes the case for Greek debt in the FT. “Looking at the dynamics, Greece's debt ...
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While political instability reigns for now, Greek tourism officials said they still expect a third straight big year. The post Another Big Greek Tourism Year Seen appeared first on The National Herald.
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The elections of January 25th are expected to cost over 45 million euros, excluding the cost of the remuneration of Greek police, estimated at 15 million. The finance ministry asked the ministry of interior to cut election costs as much as possible, following a request of 50 million euros. After negotiations, the finance ministry finally approved 45 million euros, according to Kathimerini daily. The ministry of interior said the May 2012 elections cost 42.7 million euros. The cost of remuneration to the ministry of public order for 2012 was 15 million euros. The cost of this year’s elections will be close to that amount minus an estimated 10 percent. This year there will be less polling stations, meaning less electoral representatives, less polls and screens. The ministry expects to save 4.7 million from the last two alone. Also, it is reported, the ministry is considering not to advertise the January 25 elections, thus saving a further 1.3 million euros. The bulk of the cost is for legal representatives and the staff preparing the elections and working in the polling stations. It is estimated at 38 million euros this year. The cost of legal representatives, the staff preparing the election procedures and those working in polling stations amounted to 24 million in 2012, according to the report. The ministry of interior is planning to hire a part-time staff of 50 to help in the electoral process with an estimated total pay of 18,000. The paper ordered for ballots will cost the Greek state 1,452,356.33. There will be 13 million envelopes for the ballots and will cost 254,118 euros. The 35,000 ballot sacks ordered will cost 16,254.45 euros and the private trucks hired to transport the electoral material will cost another 54,120 euros.
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miltiadis-Tzalalidis The Greek 85-year-old landowner Militadis Tzalalidis has promised to donate 3,000 hectares of land in Grevena, northern Greece ...
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WVU will partially lift restrictions on Greek life activities in conjunction with the start of the new semester according to the Associated Press. Reports ...
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More than 300 jobs will be created
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