How the world sees Greece
Finance Minister Yanis Varoufakis said his country won’t take any more aid under its existing bailout agreement and wants a new deal with its official creditors by the end of May. While Greece tries to wring concessions on its debt and spending plans, it needs the ECB’s help to keep its banks afloat, Varoufakis said at a briefing in Paris late Sunday. “We’re not going to ask for any more loans ...
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While Greece tries to wring concessions on its debt and spending plans, it needs the ECB's help to keep its banks afloat, Varoufakis said at a briefing ...
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PARIS Feb 1 (Reuters) - Greece's repayment of its existing debt must be tied to its ability to restore growth, Finance Minister Yanis Varoufakis said on ...
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New Greek Finance Minister Yanis Varoufakis said on Sunday he would like to hold talks "soon" in Berlin and Frankfurt to explain his austerity-hit ...
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| READ THE ORIGINAL POST AT www.thelocal.de |
Get in free at the Greek Fest from noon to 3 p.m. at St. Katherine Greek Orthodox Church, 7100 Airport Road N., North Naples. After 3 p.m. and for the ...
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| READ THE ORIGINAL POST AT www.naplesnews.com |
Paris (AFP) - Greek Finance Minister Yanis Varoufakis on Sunday said he wanted to reach a new agreement with international creditors on his ...
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(Bloomberg) -- French Finance Minister Michel Sapin said he wants to facilitate a new deal for Greece with its official creditors after hearing the ...
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France's Socialist government has offered support for Greece's efforts to renegotiate debt for its huge bailout plan, amid renewed fears about Europe's economic stability. The backing was a victory for Greek Finance Minister Yanis Varoufakis, holding talks ...
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| READ THE ORIGINAL POST AT www.independent.ie |
Every so often a Greek government spokesperson suggests that Greece is not asking for the moon, while a euro-zone spokesman indicates that there ...
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| READ THE ORIGINAL POST AT www.telegraph.co.uk |
A majority of Germans favor Greece remaining in the eurozone despite its new leftist government in Athens rejecting austerity, a poll for newspaper ...
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| READ THE ORIGINAL POST AT www.voanews.com |
Greece has no future outside the euro but it is legitimate for the country to want to discuss ways to reduce the weight of its debt, French Finance ...
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| READ THE ORIGINAL POST AT www.rte.ie |
What is at stake here is not just the fate of Greece and whether it stays in the eurozone, but the authority of Germany to define the narrative in Europe ...
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| READ THE ORIGINAL POST AT www.bbc.com |
Paris, Rome, London: Greece's new prime minister and finance minister are bound for European capital cities, seeking support for their new economic ...
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| READ THE ORIGINAL POST AT www.dw.de |
Greece does not want to accept more bailout loans, because they are counterproductive for an insolvent country. But it wants to renegotiate its debts, ...
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| READ THE ORIGINAL POST AT www.forbes.com |
There is no future for Greece outside the euro," Sapin said on French TV ... He also reiterated that there is no question of annulling Greece's debt.
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Flash floods caused by heavy rains have hit northwestern Greece and southern Albania, forcing the evacuation of hundreds of villagers Sunday and ...
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European finance ministers worried that Greece's new far-left government would renege on the terms of previous bailout packages, while demanding ...
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On Saturday, new Greek PM Alexis Tsipras said he was confident Greece could reach a deal with creditors. Mr Tsipras' left-wing Syriza party won last ...
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The comments followed a meeting in Paris between French Finance Minister Michel Sapin and Greece's Yanis Varoufakis, Reuters reported, and a ...
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Greece will negotiate a new debt deal with international creditors, the country's finance minister said last night , as reports emerged that the European ...
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| READ THE ORIGINAL POST AT www.telegraph.co.uk |
Having just written that Greece needs Spartans in order to prevail over its creditors and the EU, the new Greek government is showing signs of being ...
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| READ THE ORIGINAL POST AT www.globalresearch.ca |
Greek PM Alexis Tsipras seeks to repair relations with creditors, amid fears of a showdown over Greece's efforts to roll back austerity measures.
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Sapin stressed that Greece's place lay within the euro zone and said any new agreement with Athens would take into account the extent of structural ...
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Greece's finance minister is holding talks in Paris amid high tensions with international creditors, as his country's new leftist leadership seeks to renegotiate huge debts. Prime Minister Alexis Tsipras is seeking to calm worries after a rocky few days.
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PARIS—Greece needs to forge a “new contract” with Europe, French finance minister Michel Sapin said Sunday after a meeting in Paris with Greek ...
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France is open to easing Greek debt but not cancelling it, French Finance Minister Michel Sapin said in a joint news conference with his Greek counterpart Yanis Varoufakis on Sunday. "Anything that can alleviate the Greek debt burden will be welcome ... but of course there is no question of cancelling the Greek debt," Sapin said.
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| READ THE ORIGINAL POST AT news.yahoo.com |
Greek Finance Minister Yanis Varoufakis on Sunday said he wanted to reach a new agreement with international creditors on his country's debt burden "by the end of May". Between now and then, Greece was "not going to ask for any more loans", he told reporters in Paris, the minister's first stop on a European charm offensive to build support for a renegotiation of his nation's 240-billion-euro ...
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Greece's finance minister is holding talks in Paris on Sunday amid high tensions with international creditors, as his country's new leftist leadership seeks European backing to renegotiate huge debts. ...
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| READ THE ORIGINAL POST AT finance.yahoo.com |
Greek Deputy Prime Minister Yannis Dragasakis dismissed fears that the ECB may cut vital liquidity support to Greek banks if it fails to agree with international creditors, saying the new government in Athens was confident it would reach an accord. On Saturday, Finnish central bank governor Erkki Liikanen, a member of the ECB's policymaking Governing Council, said the liquidity support could dry ...
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The shipping containers emblazoned with the COSCO logo on the quayside at Greece's biggest port Piraeus are a sign that China has invested heavily here. China will still be a "privileged partner for Greece", they say. COSCO, through its Piraeus Container Terminal (PCT) arm, manages the two main container terminals at the port -- one of Europe's busiest -- under a 35-year concession signed in ...
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France's Socialist government offered support Sunday for Greece's efforts to renegotiate debt for its huge bailout plan, amid renewed fears about Europe's economic stability. The backing was a victory ...
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| READ THE ORIGINAL POST AT news.yahoo.com |
Greece's Eurobank will name former deputy CEO Nikos Karamouzis as chairman while Fokion Karavias, a general manager, is set to become the new chief executive, the bank announced on Sunday. The change was prompted by former Chief Executive Christos Megalou's decision to accept a position at Fairfax Financial Holdings, the Toronto-based fund that holds a 13.6 percent stake in Eurobank, one person ...
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| READ THE ORIGINAL POST AT finance.yahoo.com |
The decision by Greece's anti-austerity government in Athens to refuse fresh EU-IMF loans has set economists guessing how long Greece's meagre finances can last. "From what I hear, Greece can barely hold on until February," Alexandre Delaigue, economics professor at the French military academy Saint-Cyr, told AFP. The new hard-left government of Prime Minister Alexis Tsipras that took over after ...
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The theoretical, rational model of Economic Man has a major shortcoming – he’s not, and never could be, a womanAmong the most uplifting images from Syriza’s victory in Greece last week were the elated faces of a small group of fiercely determined women: the public sector cleaners who were laid off during the country’s brutal budget cuts and had been told they would be swiftly re-hired by the new government.The fate of a few low-paid mop operatives is a world away from the cut and thrust of international negotiations on debt relief for Greece. Yet it has so often been the fate of working-class women – standing in the bread queues, scrabbling to feed their families, laid off in their droves in the public sector job cuts mandated by the country’s troika of creditors – that has best illustrated the despair to which many in the recession-ravaged country have been driven.Models conceived of people as cool, rational, simplified robots who beetle around trying to maximise their utility Continue reading...
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| READ THE ORIGINAL POST AT www.theguardian.com |
By Ingrid Melander PARIS (Reuters) - Greece's new government on Sunday offered to produce proposals within a month for a revised debt agreement with its skeptical international partners, insisting it would not take on any more loan tranches in the meantime. The proposal came after talks in Paris where French Finance Minister Michel Sapin offered his Greek counterpart Yanis Varoufakis backing to ...
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| READ THE ORIGINAL POST AT news.yahoo.com |
Greece's new anti-austerity government was set to kick off its European charm offensive in Paris on Sunday seeking to renegotiate its 240 billion euro ($270 billion) bailout, though Germany has already refused to consider any debt relief. Finance Minister Yanis Varoufakis, who is looking to write down half of Greece's debt, was scheduled to meet with his French counterpart Michel Sapin and ...
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| READ THE ORIGINAL POST AT news.yahoo.com |
PARIS/ATHENS, Feb 1 (Reuters) - Greece's leftist government began its drive to persuade a sceptical Europe to accept a new debt agreement on Sunday while it starts to roll back on austerity measures imposed under its existing bailout agreement. After a turbulent first week in office, the new government has made clear it wants to end the existing arrangement with the European Union, the European ...
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| READ THE ORIGINAL POST AT finance.yahoo.com |
If Athens stands firm and threatens to depart and default, Angela Merkel and the euro hardliners will almost certainly have to give groundLovers of Greek myths know the story of Sisyphus, the king of Corinth who as a punishment from the gods was condemned to spend his time in Hades pushing a boulder to the top of a hill. Every time Sisyphus neared the summit, the boulder slipped from his hands and rolled to the bottom of the slope, and he had to start all over again.The parallels between the sad story of Sisyphus and the equally sad story of Greece are too obvious to require comment. Burdened with debts that are worth 175% of its national output and rising, Greece faces a vain struggle to escape from the economic Hades in which it has been struggling these past five years. Continue reading...
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Tens of thousands of supporters of Spain's new anti-austerity party filled central Madrid on Saturday, just a week after a like-minded party won national elections in Greece.
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Germany and Greece are on a collision course because there is no large-scale method of recycling taxes in the eurozoneGreece and Germany are on a collision course. Alexis Tsipras’s new Syriza-led government in Athens wants a big chunk of its debt written off. Angela Merkel is saying “nein” to that. If this were a western, Tsipras and Merkel would be the two gunslingers who have decided in time-honoured fashion that “this town ain’t big enough for the both of us”.But this isn’t Hollywood. There is no guarantee that this shootout will have a happy ending. Things look like getting nasty and messy. The five-year crisis in the eurozone has entered a dangerous new phase. Continue reading...
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Last weekend a fresh generation of radicals swept a leftwing party to power. We pick out the key moments that symbolise the birth of the new orderOath of officeIf proof were needed that a new era had been ushered in, it came at 4pm on Monday, less than 24 hours after Syriza stormed to power. Continue reading...
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Greece's Eurobank will name former deputy CEO Nikos Karamouzis as chairman while Fokion Karavias, a general manager, is set to become the new chief executive, the bank announced on Sunday. The change was prompted by former Chief Executive Christos Megalou's decision to accept a position at Fairfax Financial Holdings, the Toronto-based fund that holds a 13.6 percent stake in Eurobank, one person ...
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| READ THE ORIGINAL POST AT finance.yahoo.com |
France’s Socialist government offered support Sunday for Greece’s efforts to renegotiate debt for its huge bailout plan, amid renewed fears about Europe’s economic stability.
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| READ THE ORIGINAL POST AT www.france24.com |
Get in free at the Greek Fest from noon to 3 p.m. at St. Katherine Greek Orthodox Church, 7100 Airport Road N., North Naples. After 3 p.m. and for the ...
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| READ THE ORIGINAL POST AT www.naplesnews.com |
Paris (AFP) - Greek Finance Minister Yanis Varoufakis on Sunday said he wanted to reach a new agreement with international creditors on his ...
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| READ THE ORIGINAL POST AT www.businessinsider.com |
Debaltseve (Ukraine) (AFP) - Battles raged Sunday between government forces and pro-Russian rebels for control of a strategic transport hub as the death toll mounted in east Ukraine following the collapse of ceasefire talks. Intense artillery fire thundered around the Kiev-controlled town of Debaltseve, a key position between the rebel bastions of Donetsk and Lugansk, where insurgent fighters are trying to encircle Ukrainian troops.A convoy carrying an AFP crew into the beleaguered town -- which once had a population of about 25,000 -- came under fire, blowing out the windows of a bus in the convoy and lightly injuring two people.Officials said civilians are being evacuated along the only passable road linking the town to the government side and that conditions are increasingly dire for those left behind. "People are fleeing because the shelling is non-stop. There's no water, electricity or heating in the town," a local police commander Yevgen Lukhaniv told AFP. Ukrainian military spokesman Volodymyr Polyovyi in Kiev said that "constant battles" were going on around Debaltseve but pledged that government forces would not give up control of the last remaining road into the town. As fighting focused there, the number of casualties from clashes around the war-torn region continued to stack up.Ukraine's military said 13 soldiers had died and 20 were wounded over the past 24 hours, pushing the military death toll over the past two days to 28. At least 17 civilians also died in fighting across the war-torn east, government officials and separatist rebels said. The latest bloodshed came as Ukraine's warring sides looked further than ever from agreeing a peace deal after the collapse of truce talks Saturday.French President Francois Hollande, German Chancellor Angela Merkel and Ukrainian President Petro Poroshenko, speaking by phone on Sunday, expressed their regret for "the failure of the talks" in the Belarussian capital Minsk.The three leaders again called for "an immediate ceasefire", according to the French presidency.The fighting in eastern Ukraine has now left at least 5,100 people dead since April. - 'Not prepared for truce' -Mediators and Ukrainian representatives accused the separatists of scuppering Saturday's truce talks despite growing international pressure to end a surge in violence in recent days. The Organization for Security and Cooperation in Europe (OSCE), which is involved in the talks along with Russia, said that rebel negotiators in Minsk "were not even prepared to discuss implementation of a ceasefire and withdrawal of heavy weapons". Instead the insurgent representatives called for a total revision of an earlier Kremlin-backed peace plan signed in September that has formed the basis for all negotiations, the OSCE said in a statement. The rebels say they now want to redraw the demarcation line between the two sides to include gains they have made since ripping up a shaky truce and pushing into Ukrainian territory.The insurgents on Sunday slammed the OSCE for pinning the blame on them and said Kiev needs to halt fire before they will agree to a truce. Kiev has rebuffed the new rebel demands and says their position has thrown any future peace talks into doubt. "Unfortunately the peace process is now under threat," Valeriy Chaly, the deputy head of Ukraine's presidential administration wrote on his Facebook page.Western governments and Ukraine have accused Russia of sending regular troops and arms to bolster the rebels and spearhead the latest offensive -- claims Moscow has repeatedly denied.The rebels, however, are equipped with the heavy weaponry of a regular army, hardware they claim to have captured from fleeing Ukrainian forces. Moscow -- suffering the economic impact of harsh Western sanctions over the conflict -- reacted cautiously to the collapse of the talks, saying that it "needed time to evaluate them."The 28-nation European Union on Thursday extended through September a first wave of targeted sanctions it had slapped on Moscow and Crimean leaders in the wake of Russia's March seizure of the Black Sea peninsula from Ukraine.But deep divisions within the EU meant that there was no agreement on expanding broad sanctions targeting Russia's economy.And Greece's new Foreign Minister Nikos Kotzias said on Sunday that Europe should stop its "spasmodic" actions against Moscow. Backing remains strong from other allies and US Secretary of State John Kerry is set to jet into Kiev on Thursday to pledge Washington's support for the war-torn nation during talks with Poroshenko and Prime Minister Arseniy Yatsenyuk.Join the conversation about this story »
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New Greek Finance Minister Yanis Varoufakis said on Sunday he would like to hold talks "soon" in Berlin and Frankfurt to explain his austerity-hit ...
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| READ THE ORIGINAL POST AT www.thelocal.de |
If you were out partying last night, you're probably feeling at least a little rough today. Perhaps your head is throbbing, your mouth is dry, and you are craving salt and sugar but aren't certain you can stomach any food. Even worse, if you have to get any work done, your mind is foggy and it's hard to focus. We get it. But what is it about veisalgia — the medical term for a hangover, derived from kveis, a Norwegian word that means "uneasiness following debauchery" and -algia, a Greek root that means "pain" — that leaves you feeling that way? Just a note: We're looking at hangover symptoms specifically here, not the effects of long term alcohol abuse or alcoholism, though frequent hangovers are a sign that you could have a drinking problem. Linette Lopez contributed to an earlier version of this article. A major component of hangovers has to do with the way our bodies break down alcohol. Researchers still don't know exactly what causes a hangover, but the way we metabolize alcohol is at least partly responsible, according to Richard Stephens, a psychology professor and member of the Alcohol Hangover Research Group, an organization that's trying to answer questions in what they call the "neglected issue" of hangover studies. Stephens told The Atlantic that one thing researchers know that our body first metabolizes ethanol, the main alcohol in booze. But after we break that down we start to break down other alcohols, including methanol, which our body turns into formaldehyde and formic acid — toxins that make you hurt. This process happens about 10 hours after we stop drinking. There's a biological basis for the idea that "hair of the dog" helps — but that also explains why hangovers are a risk factor for alcoholism. If someone has a drink the next morning, their body will soon realize that there's more ethanol in their bodies to start breaking down. Since our bodies prefer ethanol, they'll stop breaking down methanol into those toxins at this point, which is why a bit of the "hair of the dog that bit you" can at least temporarily take the pain and sick feeling of a hangover away. Stephens says that researchers think this is why hangovers may be a risk factor for alcoholism instead of a natural deterrent to becoming an alcoholic. Studies show that alcoholics get some of the most severe hangovers around. Hangovers actually get less severe as you get older. This may seem impossible — lots of people recall being able to party AND study back when they were in college. But a study in the journal Alcoholism of 51,645 Danish men and women found that the older someone gets, the less likely they are to experience a severe hangover after a binge drinking session — even after controlling for food consumption and quantity and frequency of regular drinking. Our bet? You might just physically feel worse in general if you are older and less fit than you once were. Plus, you might have more responsibilities that force you to get off the couch. See the rest of the story at Business Insider
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… . Letting the review lapse under Greece’s 240 billion-euro aid program … Frankfurt to seek support for Greek banks from the ECB while … tomorrow. A revamped rescue for Greece, where unemployment is more than …
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President Obama made a powerful appeal to European leaders to end austerity in Greece and Europe. Speaking to CNN the American president said that «you cannot keep on squeezing countries that are in the midst of depression». At some point he said ...
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