How the world sees Greece
… February 11 in Brussels, when Greek Finance Minister Yanis Varoufakis faces … narrowed the timeframe during which Greece’s new government can reach … Ambassador to Greece David Pearce said in the statement. Greece’s goal …
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G&L's "Amazing Greek Chili Dog" has been a Muskegon-area staple since 1926. Founded by Greek immigrants George Baldas and Louie Coredas, ...
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| READ THE ORIGINAL POST AT www.mlive.com |
As Berlin and Athens lock horns over debt relief, Greece's claim that Germany has never compensated it for all the damage wrought by the Nazis ...
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| READ THE ORIGINAL POST AT www.thelocal.de |
With time - and money - supposedly running out, Greece's new Radical Left SYRIZA-led coalition said there's enough cash on hand to keep the country going while it tries to renegotiate with European Union leaders the harsh terms of two bailouts Prime Minister Alexis Tsipras has refused to extend. The post Greece Says It Has Enough Cash Until Deal Can Be Struck appeared first on The National Herald.
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A cabinet meeting chaired by Greek Prime Minister Alexis Tsipras on Saturday concluded a meeting that put the final touches to the policy statements that will be unveiled in Parliament on Sunday. Government sources said that these will be divided into two main parts: one will deal with the first five months of the year, until the end of June, and the bridging program that Greece has asked for, while the second will concern the 3 and a half years following that. The same sources said that the government’s top priority is to stem the humanitarian crisis in the country, kickstart the economy for a return to growth and a national plan for reforms. “The government speaks the language of truth, whether it is speaking in Parliament or at the Eurogroup,” the same sources commented. A meeting of SYRIZA’s Parliamentary group is now underway. (source: ana-mpa)
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Eight dead and six rescued was the final toll of the latest incident at sea involving irregular migrants, whose boat had capsized near the Turkish coastline, opposite the island of Symi, Greece, the coast guard announced on Saturday. A search-and-rescue operation mounted earlier in response to an alert sounded by the Turkish coast guard, was called off after Turkish authorities declared the incident over. Greek authorities had deployed a coast guard patrol boat and Super-Puma helicopter to comb the sea north of the island of Symi after being notified at 12:05 on Saturday that a boat carrying irregular migrants had overturned near the Turkish coast during the night. The Turkish coast guard had initially located one surviving migrant on an islet within its jurisdiction late on Friday, who claimed that there were 17 people on board the boat that overturned. (source: ana-mpa)
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Greek prime minister Alexis Tsipras and his finance minister, Yanis Varoufakis met with a raft of senior European figures this week - including ...
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| READ THE ORIGINAL POST AT www.independent.ie |
Russia's President Vladimir Putin (R) speaks with Patriarch of Moscow and All Russia Kirill during a visit to St. Sergius of Radonezh Cathedral in ...
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He mentioned all the pressures that he is under. Because of a savage, savage neo-liberal system that has been applied in Greece,” said the president.
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| READ THE ORIGINAL POST AT www.euronews.com |
Moody's Investors Service has today placed Greece's Caa1 government bond rating on review for downgrade. The short-term rating remains ...
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| READ THE ORIGINAL POST AT 247wallst.com |
PM A. Tsipras will present a three-pronged program during his first official speech on Sunday
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| READ THE ORIGINAL POST AT en.protothema.gr |
Greek Prime Minister Alexis Tsipras and Finance Minister Yanis Varoufakis, often in a good-cop-bad-cop manner, have been cruising through the ...
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| READ THE ORIGINAL POST AT seekingalpha.com |
… avoid a financing crisis in Greece. The new left-wing government in … finance ministers, told Reuters that Greece had to apply for an … banks have gained from holding Greek bonds. Greece faces interest rate payments …
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This week Chicago Dogs has brought a little bit of Greece to Elko in the form of a gyro — which Bolotin describes as a “Greek wrap” — and also a ...
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| READ THE ORIGINAL POST AT elkodaily.com |
Greece's new prime minister, Alexis Tsipras, and his finance minister have toured European capitals in the last week to drum up support for ending ...
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| READ THE ORIGINAL POST AT www.reuters.com |
ATHENS Feb 7 (Reuters) - Greece will not face any cash crunch while negotiations with its euro zone partners on a new programme to roll back ...
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It was a week when body language and brinkmanship were two of the more unusual weapons used by those now guiding the destiny of Greece.
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| READ THE ORIGINAL POST AT www.independent.ie |
Ministers will exchange their views on the future course of action on the Greek bailout, which is set to expire on February 28. On the following day, EU ...
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| READ THE ORIGINAL POST AT www.rttnews.com |
The Director General of the Bank of Finland, Erkki Liikanen, has defended the European Central Bank's decision to stop accepting Greek bonds as ...
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| READ THE ORIGINAL POST AT yle.fi |
And it's a moment of truth not just for Greece, but for the whole of Europe - and, in particular, for the central bank, which may soon have to decide who it ...
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| READ THE ORIGINAL POST AT www.oregonlive.com |
The finance director of Fraport, a German airports management company, expressed his optimism that the new Greek government will respect the 1.4 billion dollar agreement regarding 14 regional airports in Greece. In an interview with the German business newspaper Boersen-Zeitung, Matthias Zieschang noted that Fraport believes that a possible Greek exit from the eurozone would be beneficial in the long-term for the Greek economy as it will boost tourism. The Greek currency may lose some of its value, however, in the long run the country will gain an advantage by offering lower prices. Zieschang also said that Fraport expects to close the deal with Athens, as planned, in October. The agreement provides that the company will manage 14 regional airports along with the Greek energy firm Copelouzos. “There is a clear timeline with the goal that we close in October this year,” Zieschang told German financial paper Boersen-Zeitung adding that: “We expect that we will conclude this contract.” “Final details of the Greek airport contract have yet to be concluded,” he said, noting that Fraport expects to hold at least a two-thirds stake.
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Cohabitation agreements are becoming popular in Greece, due to the economic crisis that hit the country in 2009. According to the Greek registry office, since the Ministry of interior introduced the new legislation the number of couples that opt for a cohabitation agreement instead of a wedding is on the rise. Konstantinos Vlachakis, head of the Athens Notary Association noted to the Greek newspaper “Kathimerini” that cohabitation agreement rates are increasing by 30% per year. “It is considered even cheaper than a civil wedding, because a wedding in Greece always entails a ceremony and expenses.” According to data released by the Greek registry office, when the legislation changed in 2009, a total of 161 couples opted for a cohabitation agreement instead of a religious or civil wedding. However, as the years passed the number increased significantly and in 2014 it amounted to 1,568, while during January 2015, a total of 143 were signed. A lot has changed in just a few years. When the cohabitation agreement was first introduced to Greek society it used to be unpopular among Greek couples who chose to formalize their relationships in different ways, due to various social prejudices and inequalities. Meanwhile, Greece has been vastly criticized for the exclusion of gay couples from the cohabitation agreement legislation, with people complaining about continuing discrimination.
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Wooden bow ties are the next big thing in the fashion industry and they are made locally at the foothills of Mount Olympus in Pieria, northern Greece. After the Greek economic crisis broke out in Greece, Leonidas Souras, a 30-year old architect and his 28-year-old brother and mathematician Charalambos, decided to return to their village –Kolindros and use their father’s old carpenter shop in order to implement an innovative and fashion-forward idea. Their company “Exallo” (meaning crazy in Greek) focuses on the creation of handmade wooden accessories and mainly bow-ties. The two brothers use 17 different wood varieties from the Mediterranean, as well as other exotic places. Their online store offers a total of 23 different types of bow-ties, each named after celebrities’ dogs. The wooden accessories cost from 40 to 70 euros, depending on the wood processing and the fabric and they are sold with a luxurious wooden case. Part of sales profit goes to a charitable organization. Each bow weighs about 30 grams and apart from the 23 standard models that are featured on the company’s website, buyers also have the opportunity to create their own bow-tie, choosing the wood, fabric and design. Visit the official company website at: www.exallo.gr
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Eighteen of the nineteen Eurozone member states and the European Commission are asking Greece to play by the European rules and request a bailout program extension, thus providing enough time to discuss the future of the country’s relationship with its creditors. The European Commission will be present at a special Eurogroup meeting in order to make the official request to Greece. The Greek Prime Minister Alexis Tsipras and the Greek Finance Minister Yanis Varoufakis have both been notified that at the moment there is no solution to the country’s problem. Jeroen Dijsselbloem warned that “We don’t do bridge loans,” while Wolfgang Schaeuble noted that “we respect the Greek electorate’s will but electoral will of voters in every European Union member state also has to be respected.” Unfortunately, the European government was not persuaded by Greece’s position on the issue. Greece has no allies supporting the proposals that have been made in recent days. It is completely isolated and everyone is waiting for a small gesture of goodwill to overcome the rift that has been created. The creditors are not asking from Varoufakis to implement the measures of Gikas Hardouvelis or Tsipras to conform to the policies decided by Antonis Samaras. What they wish is for the Greek government to respect the objectives set by the previous Government and the creditors, and reach those objectives in way they wish, provided that it is well planned and calculated. For Brussels a bailout program extension is not so tragic, and the memorandum is not as “evil” as it is portrayed in Greece.
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
An ancient Greek Mycenaean tomb was unearthed in Amfissa, central Greece during an irrigation project that required excavation in the area. It is a unique finding, the first of its kind that has ever been found in West Locris and one of the few in central Greece. The preliminary archaeological study of the findings shows that the tomb was used for more than two centuries, from the 13th to the 11th century B.C.. Within the burial chamber archaeologists found a large amount of skeletal material, which had accumulated near the surrounding walls, while a few better preserved burials were also uncovered. Furthermore, the excavation revealed forty-four vases with painted decorations, the two bronze fragmented vases, as well as gold rings, brass buttons, fragments of semi precious stones, two bronze daggers, female and animal figurines, and a large number of seals with animal, plant and linear patterns. The full scientific research regarding the recent finding will be made by a team of archaeologists and it is expected to provide new information about the archaeological and historical development of the region.
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
A new scandal alleging bribes totaling €62 million paid for armament contracts have been revealed by Deputy Defense Minister Nikos Toskas. The case involves two German companies, 12 Germans and unspecified number of Greek officials in the Defense Ministry. Talking to To Kokkino FM on Friday, Toskas revealed that there […]
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Greek Defence Minister Panos Kammenos on Saturday visited flood-stricken areas along the course of the Evros River. According to the initial itinerary, Kammenos was to visit Lagyna, Soufli and Poros. According to the latest reports, the situation along the river appears ...
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| READ THE ORIGINAL POST AT en.enikos.gr |
Greek Defence Minister Panos Kammenos on Saturday visited flood-stricken areas along the course of the Evros River. According to the initial itinerary, Kammenos was to visit Lagyna, Soufli and Poros. According to the latest reports, the situation along the river appears ...
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| READ THE ORIGINAL POST AT en.enikos.gr |
The Council of State, the country’s highest administrative court, is due to rule on a 418-million-euro investment plan, which, if approved, will pave the way for the biggest-ever tourism-related development in Greece.
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The head of a new ministry created by the government to crack down on corruption is preparing a barrage of inspections on wealthy Greeks who are unable to justify the source of their income, Kathimerini understands.
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Cohabitation agreements are increasingly gaining ground in Greece since the introduction of the relevant legislation, data compiled by the Interior Ministry from the country’s registry offices has shown.
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
Standard & Poor's cut Greece's long-term sovereign credit rating to B- from B on Friday, warning that liquidity restraints on Greek banks would limit the time the new government has to clinch a deal with its creditors.Left-wing Prime Minister ...
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G. Rice: "We want to respect the new government, the issue is how they plan to move forward. How they wish to engage, and we look forward to that discussion"
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| READ THE ORIGINAL POST AT en.protothema.gr |
Even before the new Greek government embarked on its magical mystery tour of Europe this week, the French cartoonist Nicolas Vadot asked – and ...
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| READ THE ORIGINAL POST AT www.irishtimes.com |
The big question is how many, if any, of his promises Alexis Tsipras can keep without risking a potentially disastrous Greek exit from Europe's ...
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| READ THE ORIGINAL POST AT www.ctvnews.ca |
A high-ranking Greek Orthodox bishop in Chicago was warned by a prosecutor against "potential efforts to intimidate witnesses" in a case involving a ...
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| READ THE ORIGINAL POST AT www.chicagotribune.com |
… projects halted by Athens. When Greece's leftist-led, anti-austerity government … popular tourist destinations like Corfu, was one of Greece's biggest … the Greek national currency would be devalued versus the euro, Greece could …
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… , which contains masterpieces of ancient Greek sculpture including the famous bronze … Athens, Mykonos, Santorini & Crete plus Classical Greece optional extension 14 days …
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U.S. Ambassador to Greece David D. Pearce told Greek Premier Alexis Tsipras it's important for the country to work co-operatively with the EU. The post US Ambassador: Work With Troika appeared first on The National Herald.
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Syriza, which won just 5% of the vote in 2009, got 36% last month, giving it 149 out of 300 seats in the Greek parliament. And Alexis Tsipras, who ...
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by Associated Press BC-SOC--Greek Standings Associated Press - 7 February 2015 10:01-05:00 BC-SOC--Greek Standings Greek Football Standings Greek League GP W D L GF GA Pts Olympiakos 22 17 3 2 52 14 54 Panathinaikos 21 13 4 4 35 16 43 PAOK Thessaloniki 21 14 1 6 41 28 43 Asteras 22 11 5 6 34 24 38 Panetolikos 22 10 8 4 32 17 38 PAS Giannina 23 9 10 4 33 23 37 Xanthi 22 8 8 6 33 30 32 Atromitos 21 7 9 5 21 17 30 Veria 22 8 6 8 30 37 30 Kalloni 22 6 9 7 19 22 27 Kerkyra 22 7 5 10 24 26 26 Panthrakikos 22 5 9 8 20 31 24 Levadiakos 23 5 7 11 24 24 22 Platanias 22 6 4 12 17 24 22 Panionios 21 5 5 11 21 31 20 a-OFI Crete 21 7 2 12 20 36 17 Ergotelis 20 3 6 11 20 41 15 Niki Volos 19 2 1 16 7 42 7 a-penalized 6 points Saturday, Feb. 7 Levadiakos 1, PAS Giannina 2 Ergotelis vs. OFI Crete, 1515 GMT Veria vs. Atromitos, 1730 GMT Sunday, Feb. 8 Panionios vs. Kerkyra, 1300 GMT Panathinaikos vs. Panetolikos, 1515 GMT Platanias vs. Panthrakikos, 1515 GMT PAOK Thessaloniki vs. Olympiakos, 1730 GMT Monday, Feb. 9 Kalloni vs. Xanthi, 1730 GMT Saturday, Feb. 14 Panthrakikos vs. Niki Volos, 1300 GMT PAS Giannina vs. Panionios, 1515 GMT OFI Crete vs. Panathinaikos, 1730 GMT Sunday, Feb. 15 Olympiakos vs. Ergotelis, 1300 GMT Kerkyra vs. Kalloni, 1515 GMT Levadiakos vs. Veria, 1515 GMT Panetolikos vs. Asteras, 1515 GMT Atromitos vs. PAOK Thessaloniki, 1730 GMT Monday, Feb. 16 Xanthi vs. Platanias, 1730 GMT News Topics: Soccer, Men's soccer, Sports, Men's sports People, Places and Companies: Thessaloniki, Crete, Greece, Western Europe, Europe Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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| READ THE ORIGINAL POST AT www.neurope.eu |
The European Central Bank decided Wednesday to stop Greek banks from being able to use the country's government debt as collateral for loans, a move many see as a shot across the bow for Europe's politicians. It has undoubtedly brought forward the date at which a final decision over Greece's future in the eurozone must be taken. Here's what we know has been happening. In December, Greek banks saw a €4 billion drop in deposits as their clients pulled money from their bank accounts. Estimates suggest that the figure for January could be as high as €11 billion. The outflows have sharply increased the banks' reliance on loans provided by the ECB, with over €70 billion being received in January, according to Moody's ratings agency. These loans are guaranteed against government bonds or government-guaranteed assets that the banks hold. And they have become a key source of funding (see thick black line on the chart above). Because the loans come directly from the ECB rather than Greece's central bank, the risk of their not being paid back is shared with the rest of the countries in the Eurosystem. But Greece's government debt and the debt of its banks are rated "junk," meaning they technically fall below the ECB's minimum standards to access this facility. To allow Greek banks to continue using this lifeline while the country undertook deep budget cuts demanded by its European partners, the central bank issued a waiver effectively suspending its minimum requirements for collateral. The condition was that Greece was obliged to "comply with the conditionality of the financial support and/or macroeconomic programme" agreed with the European Union and International Monetary Fund. And it is this condition the ECB says has been breached, so it has withdrawn the waiver. It doesn't have to prove that the conditionality has been breached. Instead, the central bank's Governing Council has discretion over exactly what constitutes a failure to comply and, in this case, it has decided "it is currently not possible to assume a successful conclusion of the programme review." To demonstrate just how arbitrary this decision was, the ECB had already announced that it would remove the waiver for government-guaranteed bonds from the end of February. It just decided to cut that deadline short by a couple of weeks. Despite the hyperbolic reaction in some quarters, this is not the end for Greece. The banks still have access to emergency liquidity assistance, which they access through the national central bank and use to replace the loan funding on which they were relying. (The ECB does, however, retain the ability to cut off that funding too at its discretion following reviews it carries out on a biweekly basis.) Three of Greece's major banks have already tapped the facility this week for €2 billion in emergency funding. But as can be seen by the collapse in the banks' share prices Thursday morning, the ECB's move doesn't help. If, as seems likely, the pace of deposit flight from Greek banks increases as nervous investors interpret the ECB as trying to buffer the rest of the eurozone from the possible damage of a disorderly exit by a country from the single currency, then the health of those banks could be compromised even further. That is, the ECB has decided to mess around with the medication of a sick patient and risk pushing that patient into a vegetative state to force bickering relatives to agree on how best to manage the family estate. If the point of the emergency programme set up by the EU/IMF/ECB were to help Greece regain market access and be able to fund itself in future, this discretionary decision seems at best unhelpful and at worst positively damaging to that aim. The new Greek government led by the left-wing Syriza party was trying to negotiate for some breathing room until the middle of the year as it attempted to get to grips with the country's finances and negotiate a new deal with its European partners. That timeline is now no longer realistic. Instead the country is now likely to run out of money to cover its bills in March. So what does that mean for Greece now? No doubt the ECB's move will concentrate minds, but there is no guarantee this will have a positive result. If the Greek government feels it is being squeezed by all sides to make it go back on its election pledges, it may decide to push back. Finance Minister Yanis Varoufakis has already ruled out accepting the next tranche of the EU/IMF bailout funds under the current terms, and he could make good on that threat. In that case, Syriza would either have to be willing to let the country default on its obligations (and possibly trigger a messy exit from the euro), or be confident that its eurozone partners would extend short-term loans while negotiations are ongoing. The ECB's decision could cast doubt on the likelihood of the latter. Varoufakis might have expected his eurozone partners to balk at the deal on the table. He may even have expected that the ECB would put pressure on Greece behind the scenes to reach a deal quickly, using the emergency loan facility as leverage. What the Governing Council did, however, was preempt the negotiations and reduce the buffer within the Eurosystem against possible delays by forcing forward the deadline for a deal. It is difficult to square that with its mandate of maintaining price stability in the eurozone. Ultimately, Varoufakis doesn't really have any choices if no deal is struck: Greece must either accept the terms of the bailout or risk going bust. Join the conversation about this story » NOW WATCH: This Animated Map Shows How European Languages Evolved
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| READ THE ORIGINAL POST AT uk.businessinsider.com |
Greece said on Saturday it had no short-term cash problem and that it will hand its European Union partners a comprehensive plan next week for managing the transition to a new debt deal. "We will present a comprehensive proposal on Wednesday," Finance Minister Yanis Varoufakis said, referring to a meeting of euro zone finance ministers in Brussels on that day. Varoufakis was attending a cabinet ...
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Greece's hard left government was to fine tune its economic programme today ahead of a week of high-risk international talks but with no sign so far of an imminent deal with its creditors.
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91.5% of SYRIZA voters and 91% of ANEL voters are happy with the gov't whereas 72% of the country's citizens, including voters of other parties, support the gov'ts moves
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Flood-stricken regions appear to be out of danger, but Greek authorities are on standby in case of more flooding
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IMF Chief C. Lagarde and ECB Chief M. Draghi to be present at the emergency Eurogroup meeting on Greece
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April 25 marks the 100-year anniversary of ANZAC Day
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Most of the politicians and people responsible for Greece's misery are either gone or their parties in tatters, sweet revenge for the people they hurt. The post How Sweet It Is! DIMAR, Papandreou, PASOK, New Democracy Gone appeared first on The National Herald.
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The new Greek government’s improved relations with Russia may help implementation of Gazprom’s planned Turkish Stream pipeline to Europe. The post Tsipras Chasing Putin Pipeline appeared first on The National Herald.
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