How the world sees Greece
Greece is holding early parliamentary elections on January 25. A victory for the anti-austerity Syriza party would probably trigger tense negotiations with the country’s official lenders and fresh volatility in Greek government bond markets. But the ...
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A TNH ANALYSIS That the Greek Orthodox Archdiocese of America faces a serious financial problem with the Clergy Pension Fund, for not depositing the $600 monthly contribution the last three years towards the Fund for its 90-plus clergy and lay employees, as TNH revealed last month, is a very serious issue. First of all, the […] The post Who Governs the Archdiocese? appeared first on The National Herald.
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Over the past more-than-half-a-century of the history of Cyprus peacemaking, Greek Cypriots have been applying a rather intriguing tactic: Never accept anything, but pretend to.
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To Potami leader Stavros Theodorakis suggested on Thursday that he would go all out to prevent Greece needing a second election by working to form a coalition if no party receives a parliamentary majority on January 25. “It is not my intention to go to a ... ...
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SYRIZA candidate Rachil Makri claimed that Greece would print 100billion euro in case the European Central Bank would stop the funding. Speaking to regional television network Flash in Kozani, Makri said: “The emergency ELA will be activated and we can print at the Bank of Greece up to 100 billion […]
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The Russian government's key goal should be to guarantee macroeconomic stability, including stability in the financial sector, the World Bank lead economist for Russia believes
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The great rivalries give Thoroughbred racing a heightened sense of its own reality. There was Kelso and Gun Bow, Dr. Fager and Damascus, Sunday ...
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Elections are “not about which party people want but about what kind of country we and our children want to live in,” Greek Prime Minister Antonis Samaras said on Thursday afternoon at the town hall of Peristeri, northwest of Athens, during a campaign speech. Samaras reiterated there will be no Memorandums or wage and pension cuts in 2015, and that there would be growth under different circumstances “because Greece has exited the problem and we will have this growth after the sacrifice made by the Greek people.” The Premier also stressed the need for collaboration, agreement and alliances among parties. He referred to the ruling coalition – which originally included Democratic Left (DIMAR) besides the current junior member PASOK – and called it an unprecedented alliance forged on a common denominator, their European-friendly policy. “Nobody rules alone,” he noted, reiterating his support of European alliances. During the visit, a man verbally attacked Samaras for contributing, as he said, to the rise of unemployment in the area but calmed down without further incident. (source: ana-mpa)
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Nowotny, governor of Austria's central bank, said on Monday a Greek exit, or 'Grexit,' from the euro zone would be a "catastrophe" for Greece and a ...
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Both good and bad news for the Greek business world emerged from the official data of the General Commercial Registry (GEMI) for 2014. During the previous year, a positive balance between companies forced to shut down and newly established ones was recorded. In 2014, 33,954 new companies were established, while 30,427 companies went out of business. According to Greek daily newspaper “Kathimerini,” what essentially happened is that market shrinking possibly reached its limits, while at the same time it becomes clear there was a further limitation of sources (bank lending and equity) that could fund even a small business. Compared to the previous years, newly established companies may exceed those forced to shut down, but they are also significantly fewer than those established in 2012 and 2013. Specifically, in 2012 and 2013, 43,541 and 42,790 new companies were established, respectively. Similarly, 34,279 companies went out of business in 2012 and 33,770 in 2013. The balance remained positive over the last three years, although what is worrying enterprises is that the “gap” between startups and going out of business is significantly bridged. In 2014, startups were 11.6% more than the ones that went out of business, while in 2012 and 2013 they exceeded those by 27% and 26.7%, respectively.
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The Greek victims’ three bodies of the “Norman Atlantic” naval tragedy will be repatriated with a Greek Air Force C-130, according to an announcement emerging from the country’s National Defense Ministry. The flight will depart from the Bari airport within the day and reach Athens International Airport “Eleftherios Venizelos,” while the order was given by the Minister, Nikos Dendias, following a cooperation with Greek Prime Minister Antonis Samaras’ office and the government’s General Secratariat. The transfer expenses will be covered by the Defense Ministry. The three Greek citizens that lost their lives during the fire aboard the ferry have been identified as Gerasimos Kazantzidis, Konstantinos Koufopoulos and Nikolaos Paraschis. At the same time, nine Greek citizens are still considered missing, 18 days later. Italian-flagged passenger ferry “Norman Atlantic,” which belongs to Greek ferry line ANEK, sailing from Patras in western Greece to the Italian port of Ancona, was 33 nautical miles off the small island of Othonoi when it sent a distress signal on December 28. The prosecutor of Bari, who is in charge of the investigation regarding the naval tragedy, will seek the assistance of Greek, German and Turkish authorities in order to identify the corpses found through DNA tests. The ferry is currently docked at the port of Brindisi, although the city’s municipal authorities have declared that they will allow the charred ferry to remain there for two months at the most.
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Greek main opposition SYRIZA praised earlier today the intervention of European Union Commisioner for Migration, Home Affairs and Citizenship, Dimitris Avramopoulos, regarding the need for extended flexibility of the Stability Pact for the European South countries. At the same time, rumors have started that Avramopoulos will be SYRIZA’s nominee for the Presidential election that will follow the January 25 snap general elections. The leftist party, which is steadily leading the Greek opinion polls, just 10 days ahead of the critical general elections, in a statement noted that Avramopoulos’ intervention was of great significance. In addition, it underlined that the Greek government should have done so “a while ago,” instead of “supporting the harshest terms of austerity that strangle the Greek economy.” Avramopoulos called the European Union to consider a greater flexibility of the Stability Pact for the European South countries, and if this is proved fruitful towards the development of those countries, to keep on with this policy, offering them flexibility as a reward for their efforts. SYRIZA’s statement fueled rumors that the emblematic New Democracy official may be considered as the candidate for the next Presidential ballot. According to this scenario, if Avramopoulos is elected as the next President of the Hellenic Republic, a SYRIZA-led government would have a greater chance of achieving domestic consensus, while it can also appoint its own European Commissioner as a replacement for Avramopoulos. It should be noted that during the previous Presidential election, SYRIZA avoided to nominate a candidate and the only one running for the position was New Democracy’s nominee, Stavros Dimas.
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Greece is definitely in that road of changes and reforms, being through a very difficult period, with severe recession, trying to find its way towards ...
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Bold prediction or extreme scenario, the fact is that Coalition of the Radical Left, or Syriza, will win the January 25th elections in Greece. And I will go ...
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Europe’e elites feel threatened by the growing power of the far left, writes Le Monde, according to which the radical Syriza party could win Greece’s early general elections on 25 January. However, the Hellenic republic is far from being the only European country witnessing the rise of “the left of the left” — Several thousand kilometres from Athens, the euro-critical far-left Podemos party in Spain stands a strong chance of winning legislative elections in 2015. […] In Portugal, Cyprus and Ireland, far-left movements are seducing voters who are exhausted by budgetary rigour imposed “from above”, from Brussels, and who are nostalgic for a generous welfare state. The daily explains that these movements from the radical left have modernised by “dropping obsolete themes and focussing on ‘oppression from Europe and the International Monetary Fund’”. The paper recalls that “Socialist prime ministers signed the deals with the troika” in Greece and Portugal, which explains why many voters, feeling betrayed by the moderate left, have turned to more radical parties. However, even if these leaders have “a virulent discourse against Brussels”, they are not opposed to the European Union in itself, but want rather “to transform it.” This pro-European dimension could lead to a loss of influence in favour of “the populist right”, argues Le Monde.
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NEW YORK Jan 15 (Reuters) - Political turmoil in Greece has hit its financial markets hard, and traders in the U.S. options market are positioning for a ...
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Does Greece need debt relief? Alexis Tsipras, leader of the left-wing Syriza Party and the man who could be Greece’s next prime minister, says it does. “There is no single sensible person in the whole of Europe who seriously thinks that Greece’s debt ...
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Political turmoil in Greece has hit its financial markets hard, and traders in the U.S. options market are positioning for a further fall in Greek stocks as the country heads to a snap election that could determine whether it leaves the euro zone. There are few choices for investors who want narrow exposure to Greece in U.S. markets, but one, the Global X FTSE Greece 20 exchange traded fund ...
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On Jan. 25, Greeks will turn out for a general election that three weeks ago they didn’t know was coming. The trigger: a provision of the country’s constitution that required conservative Prime Minister Antonis Samaras to call a snap election when his ...
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Greece is holding early parliamentary elections on January 25. A victory for the anti-austerity Syriza party would probably trigger tense negotiations with the country’s official lenders and fresh volatility in Greek government bond markets. But the ...
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| READ THE ORIGINAL POST AT www.valuewalk.com |
(adsbygoogle = window.adsbygoogle || []).push({}); Greece is facing an internal political collapse if it decides to leave the Eurozone. Other European nations, especially France, Italy, and Spain are gearing up to undergo similar transformations themselves. This is especially relevant if a Greek populist party is successful in changing any essential terms on the bailout agreement. Greece is facing an internal political collapse if it decides to leave the Eurozone. Other European nations, especially France, Italy, and Spain are gearing up to undergo similar transformations themselves. This is especially relevant if a Greek populist party is successful in changing any essential terms on the bailout agreement. read more
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The construction of a gas pipeline from Greece via Macedonia and Serbia to Hungary would be an alternative to the cancelled South Stream project, ...
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In the run up to Greece's general elections, the controversial Elgin Marbles have become a useful propaganda tool. Tasos Kourakis, MP for the radical ...
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greece_poverty_homeless1 Greece, Ireland, Spain, Italy and Hungary were the EU member-states where poverty and social exclusion increased the ...
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(ANSAmed) - ATHENS, JANUARY 15 - Travelling by ferry in Greece will be easier thanks to a new e-ticket system to be launched in the coming ...
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The European Commission is not leaning on Greece to hike its value-added tax (VAT) rate on food, the European Commissioner for Economic and ...
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The distinctive style of cooking used to create the rich flavours in Mediterranean food may have been first developed by ancient Greek doctors trying to ...
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michaloliakos-golden-dawn A Greek appeals prosecutor has refused to let the Golden Dawn members currently in jail take a furlough in order to ...
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(ANSAmed) - ATHENS, JANUARY 15 - Last year produced a positive balance in Greece in terms of jobs, as within a year 99,112 more were created ...
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Recently, 20 Penn State students had the opportunity to travel more than 3,000 miles from Pennsylvania for a weeklong study-abroad opportunity ...
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Police investigation on terrorist convict Christodoulos Xeros' case continues after the arrest of two persons alleged to be Xeros' accomplices (a 54 ...
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With Greek elections slated for Jan. 25, global investors are understandably nervous about what the Eurozone will look like in the future.
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Syriza are committed to a loosening of the terms of the Greek bailout deal. But, as I write in the magazine this week, Berlin, Frankfurt and Brussels are ...
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| READ THE ORIGINAL POST AT blogs.spectator.co.uk |
Yields on Greek 10-year government bonds rose about 10% for the first time in 15 months last week, as the latest polls showed anti-austerity party ...
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Syriza would seek a “new deal within the framework of the euro zone” that allows the Greek government to finance growth and restore the nation's ...
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... iconic African American sororities and the trials they face as they continue to keep up the good Greek work of community service and philanthropy, ...
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Greek Prime Minister Antonis Samaras on Dec. 8 brought forward a presidential vote, creating uncertainty that revived fears of a Greek euro zone exit. Bankers and a senior central bank official said the withdrawals were partly due to Christmas and higher tax payments. There were increased withdrawals to pay tax bills but money leaving household accounts flows into government accounts, staying in ...
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Ancient Greek doctors were the ones who invented the infamous Mediterranean diet, as hippocratic physicians used rich flavors in food in order to ...
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Lost in the hand-wringing over the possibility of a Greek departure from the euro is a rather striking irony: Greece is hardly the nation with the most to ...
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When we posed that question to readers of CFA Institute Financial NewsBrief, the option that drew the highest proportion of votes (32%) from our 684 ...
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An unexpected development came out earlier today from the Swiss National Bank (SNB). More than three years of stability (since 2011) between the ...
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Campaigning in the Greek elections took an unexpected turn on Wednesday when one deputy took aim at a school text book describing the removal of the famed Elgin Marbles from Athens in the 19th century. The ancient Greek sculptures, also known as the Parthenon Marbles, were taken from Greece by British diplomat Lord Elgin in 1803. "The Elgin Marbles, gentlemen of the ministry of education, were ...
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