Greece's new left-wing government is promising to spend 200 million euros ($234 million) this year on assistance programs for people pushed into "extreme poverty" by the financial crisis.
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| READ THE ORIGINAL POST AT feeds.foxnews.com |
How the world sees Greece
Tuesday, March 3, 2015
Support for new Greek government soars after it promises to spend $234M on poverty relief
Greece dodges bankruptcy as Eurozone grants bailout extension (Part 1 of 1)
Market Realist has been following the political and debt crises in Greece for a while. Read the following series to get a background on what's been ...
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| READ THE ORIGINAL POST AT marketrealist.com |
Portugal named in Bloomberg ‘misery’ list
A list of countries where the future financial outlook appears glum has been compiled by Bloomberg, the financial data and media company. Heading the list were Venezuela, Argentina, South Africa, Ukraine and Greece which, it said, were “the five most painful economies in which to live and work”.
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| READ THE ORIGINAL POST AT algarvedailynews.com |
Greek-Turkish diplomacy set to resume after Ankara 'mistake'
Talks between Greek and Turkish diplomats are expected to resume soon with a focus on easing tensions in the Aegean after Ankara said it had ...
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
Greek government to tackle 'humanitarian crisis' in first parliamentary bill
About 300,000 Greeks will get food vouchers. ... But with state revenues and liquidity in Greek banks dropping rapidly since the vote, Athens was ...
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| READ THE ORIGINAL POST AT www.reuters.com |
British or Greek Fighting ISIS for Kurds Killed in Battle
A foreign fighter believed to be either British or Greek has been killed in Syria while battling the Islamic State (ISIS) group alongside Kurdish militia, ...
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| READ THE ORIGINAL POST AT www.israelnationalnews.com |
Can Guy Fieri Sell Greek Yogurt? Scripps Taps Data To Boost 'Upfront' Sales
Scripps Networks wants to push TV advertisers get beyond the traditional ad-sales process, helping instead to identify which audiences of which ...
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| READ THE ORIGINAL POST AT variety.com |
Eldorado Gold (EGO) Stock Continues to Decline Today After Greece Pulls Skouries Project Permit
Just days after the far-left Syriza governing party was elected in January, Greece's new energy minister Panagiotis Lafazanis said the government was ...
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| READ THE ORIGINAL POST AT www.thestreet.com |
Draft bill for humanitarian crisis tabled in Greek Parliament
The government's draft bill for dealing with the humanitarian crisis in Greece and on the organisation of the government and government organs was tabled in Parliament on Tuesday. ANA-MPA
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| READ THE ORIGINAL POST AT en.enikos.gr |
The Peloponnese: Greece's unspoiled escape
With its palm-tree waterfront and narrow, atmospheric streets, Nafplio has the look and feel of an Italian coastal resort — even though it's in Greece.
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| READ THE ORIGINAL POST AT www.chicagotribune.com |
German right / Greece left
FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained that the German critics on the right of Chancellor Merkel think that Greece ...
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| READ THE ORIGINAL POST AT www.fxstreet.com |
Greek and German Like-mindedness
GA_googleFillSlot("EW_News_300x250"); The German critics on the right of Chancellor Merkel think that Greece should leave the monetary union. The economic advisers to Merkel have argued that the Greece's exit would not necessarily be disruptive. Politics makes for strange bedfellows. The German critics on the right of Chancellor Merkel think that Greece should leave the monetary union. The economic advisers to Merkel have argued that the Greece's exit would not necessarily be disruptive. read more
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| READ THE ORIGINAL POST AT www.economywatch.com |
Princeton University Honors Greek Lyricist Lina Nikolakopoulou
lina-nikolakopoulou Famous Greek lyricist Lina Nikolakopoulou was present in two concerts organized in her honor in Astoria and Princeton ...
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| READ THE ORIGINAL POST AT usa.greekreporter.com |
New Greek Poll: SYRIZA 41.3%, New Democracy 19.2%
A tie between centrist “To Potami” and the Independent Greeks (ANEL) is recorded, as both garner 5.4%; the Greek Communist Party (KKE) is at 5.3%, ...
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Greek Problems Born from Socialism
Late on Friday, February 20, in a tense meeting between the new Greek Finance Minister and a host of ministers from 19 Eurozone countries, ...
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| READ THE ORIGINAL POST AT news.goldseek.com |
Rick Steves' Europe / An unspoiled escape in Greece
While most travelers to Greece head for the islands, I head for the hills — the mountains and valleys of the Peloponnese. Attached to the rest of Greece ...
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| READ THE ORIGINAL POST AT www.seattletimes.com |
Greece Likely to Raid Pensions and EU Subsidies to Meet IMF Payments
Greece may be forced to tap into state pension and social security funds and even EU farming subsidies to meet their scheduled repayments to the ...
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| READ THE ORIGINAL POST AT www.newsweek.com |
Commission: No talks for third aid package to Greece
According to Moscovici’s representative, European Commission has focused on implementing what has been agreed with Greece
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| READ THE ORIGINAL POST AT en.protothema.gr |
‘Bank …walk’ — BoG: 12 bln euros in deposits flee Greek banks in Jan.
Greek systemic banks have received 87.4 billion euros by the end of January in liquidity from the ECB and ELA
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| READ THE ORIGINAL POST AT en.protothema.gr |
World Press View: Third Greek Bailout Still On The Table
While Greek Premier Alexis Tsipras said he won't accept a third bailout froml lenders, talk persists he'll have no choice but to break another promise. The post World Press View: Third Greek Bailout Still On The Table appeared first on The National Herald.
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
Latest post-election poll oxymoron: SYRIZA support at 41.3% — 43.3% pessimistic over future
Followed by the POTAMI and the Independent Greeks with 5.4%, the KKE with 5.3%, Golden Dawn with 5.1 – PASOK notes a dramatic drop to 2.9%
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| READ THE ORIGINAL POST AT en.protothema.gr |
Greek Economy Minister: Bold Measures Against Corruption Needed
The European governments’ fight against corruption needs to be given with bold measures, Greek Economy Minister Giorgos Stathakis underlined while representing Athens at a European Union Competitiveness Council meeting. Addressing the Council, the Greek Economy Minister distinguished the importance of the Single Market in the function of the European Union, as well as the positive steps taken toward that direction, despite the “serious delays that prevent maximizing its benefits.” As he highlighted, “at this stage, we must pay special attention so that the European Union is not led to deregulation on key sectors, such as labor relations and the environment, of which inevitably member-states operate in different regulatory systems,” explaining that for this reason “it is important to homogenize the settings, building on the best of practices and incorporating them into national laws.” Referring to the necessity of bold measures in licensing, the fight against corruption, the management of public procurement and the importance of a stable taxation system, Stathakis said the Single Market should also regulate toward that end. Furthermore, commenting on the European Commission’s selected areas for the simplification of authorization and mutual recognition procedures, the Greek Minister underlined that it is important to take those criteria into account, safeguarding and strengthening the position of the Small and Medium Enterprises (SME) in the European economy, as they are the backbone of European growth and competitiveness.
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
New Democracy Leadership Race Fires up Ahead of Party Convention
Greek main opposition New Democracy leader and former Prime Minister Antonis Samaras is preparing his armory for the upcoming critical meeting of the party’s Parliamentary Group on Thursday, where he is expected to go under friendly fire and his leadership be challenged by fellow party members. So far, numerous party officials have requested an emergency party convention, to which the former Premier is expected to counter propose an emergency national convention. According to information emerging from the party, Samaras appears to be realizing that he must address the recent crushing defeat in the January 25 elections and will have to carry out major changes within the party, while he is also said to be preparing a “reshuffle,” which will result to at least two of his close associates leaving. This may be welcomed by several New Democracy functions, which have been recently marginalized, although it remains to be proved whether such an initiative will bring the desired effect or end the long-standing silent internal conflict. Among others, former government spokesperson of the Karamanlis administration Evangelos Antonaros has once again spread discomfiture among party members after tweeting that the party should proceed to a “political redefining in order to get rid of the extreme right schlock and neo-liberal doctrine.” Parallel to the battle preparations, several New Democracy officials have been visiting former Prime Minister Costas Karamanlis, who is still seen as an influential figure within the party and enjoys wider acceptance, to get his advice on the matter. As the same information indicates, Karamanlis will attend Samaras’ speech on Thursday and he has urged party members to remain calm, stressing the importance of maintaining party unity. European Commissioner and party veteran Dimitris Avramopoulos is also expected to attend the meeting. Thursday’s meeting is characterized as the most critical session for New Democracy since February 2012, when a major divide occurred after Samaras decided to vote for the second bailout program. It should be noted that New Democracy MP and former Foreign Affairs Minister of the Karamanlis administration between 2006 and 2009 Dora Bakoyannis, in a recent interview to Greek TV, did not rule out the possibility of challenging the party’s leadership in the near future after what was seen as a major defeat in the recent Greek general elections. “What I have to say, I will say it to the Parliamentary Group,” she declared then, adding that Greece needs a “healthy and powerful center right front,” which does not reflect New Democracy’s current situation. Furthermore, as she explained, she has no personal goals and her only desire is to see the party “recover” and find its right political outlook once again.
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Turkish Govt: Initial NOTAM for Military Maneuvers in Aegean Was a Mistake
The Turkish NOTAM (Notice to Airmen) on military maneuvers in the heart of the Aegean Sea and Greek airspace was a mistake, now stated the country’s leadership following the Greek government’s strong reaction. According to Ankara’s Foreign Ministry spokesperson, Tanju Bilgic, the initial notice was issued by mistake and therefore canceled and replaced by a new, revised one. A statement issued by Bilgic on Tuesday said that the notice was inadvertently declared “with inaccurate coordinates,” while he did not elaborate. Furthermore, the Turkish Foreign Ministry official said his country would not declare a new NOTAM for “a certain period of time” and highlighted that Turkey was willing to resolve the dispute through talks. On Friday, February 27, Turkey issued a NOTAM requesting to reserve extensive Greek airspace from March 2 to December 31 for military exercises, include firing ammunition over the Aegean Sea, from the Greek island of Lemnos to Skyros within the Athens FIR. The move was considered a serious provocation by Greek Prime Minister Alexis Tsipras who decided to take the matter to higher authorities. The Greek Foreign Ministry spokesman noted that Turkey’s provocative move is serious and dangerous. Meanwhile, after Greek Foreign Minister Nikos Kotzias described the situation to Tsipras, the Greek government immediately issued a notice to all relevant bodies such as the NATO, the European Union, the ICAO (International Civil Aviation Organization), the United Nations and of course Ankara, requesting the cancellation of the military exercises. As a result, the Turkish military and political leadership slightly backtracked, issuing a new notice. In a new NOTAM issued earlier today, the Turkish government revised the previous notice. The new notice (No. 0900/15) replaced the original one (No 0889/15) by excluding lands of the Greek island of Lemnos from the area reserved for military use.
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
From bling to geek chic: can Italian fashion move beyond ‘molto sexy’?
Gucci showed clothes for Wes Anderson bookworms rather than sunbathers. Versace got digital with hashtags. Milan – fashion’s most classic capital – is out to reinvent itselfAs is often the case, it was the enduringly fabulous Donatella Versace who gave Milan fashion week one of its most memorable moments. Her hair poker straight and preternaturally shiny, her tiny body clad in a flared trouser suit, the designer was flanked by two glamazons in glittering mini dresses as she explained her latest collection. “We’re closing the door on the archive for new interpretations of what Versace is,” she said. “Times have changed. Psychologically and practically, the basis of a fashion language is different. It’s about finding a new language, particularly online.” That new vocabulary was written all over the models’ gowns, the dazzling embellishments hashtags, @-symbols and a new logo called “#GREEK”, or, as Versace explained it, “the emoji of the future”. Related: Versace joins digital age, embracing icons of social media Related: Dolce & Gabbana celebrates motherhood at Milan fashion week Continue reading...
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| READ THE ORIGINAL POST AT www.theguardian.com |
“Hellenization” of Spanish politics or How PM Rajoy lies about the Greek loan
Spanish Prime Minister Mariano Rajoy is adamant. He will fight against new Greek government and his leftist counterpart Alexis Tsipras till the end. Then Mariano Rajoy has a lurking enemy in his own football field: Podemos and Pablo Iglesias! It doesn’t matter whether SYRIZA and PODEMOs have a lot or […]
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| READ THE ORIGINAL POST AT www.keeptalkinggreece.com |
Talk of third Greek bailout gains ground in Europe
Brussels (AFP) - Fresh talk of a third international bailout for debt-hit Greece spread through European capitals on Tuesday, despite Brussels insisting ...
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| READ THE ORIGINAL POST AT www.businessinsider.com |
Spanish economy minister claims talks for third Greek bailout have begun
Mr de Guindos's remarks may have been intended as another volley in aspat between the new Greek government and the leadership in Spain and ...
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| READ THE ORIGINAL POST AT www.irishtimes.com |
Greek Govt Work Coordination Minister: Water and Energy Not for Sale
φλαμ Greek Government Work Coordination Minister Alekos Flabouraris stated that energy and water will never be privatized in Greece.
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
The Greek Revolution and Civil War: 70 years since the Battle of Athens – Part Two
In October 1944, the last German soldiers left Greece and on the 12th ELAS, the Greek People's Liberation Army, moved into Athens. The atmosphere ...
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| READ THE ORIGINAL POST AT www.marxist.com |
Spain sows confusion over Greek deal
The Associated Press MADRID (AP) — Spain created hours of confusion over the future of Greece's troubled finances Monday by announcing that ...
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| READ THE ORIGINAL POST AT the-japan-news.com |
Chomsky: Greece's Syriza & Spain's Podemos Face "Savage Response" Taking on Austerity ...
Following its election in January on a pledge to confront the austerity program that's decimated Greece's economy, the Syriza government has faced a ...
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| READ THE ORIGINAL POST AT www.democracynow.org |
Greece to receive EBRD funding until 2020
Greece will continue to receive financing from the European Bank for Reconstruction (EBRD) and Development until 2020, in the journey to economic overhaul.
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| READ THE ORIGINAL POST AT uk.finance.yahoo.com |
When is Russia going to lift food embargo to ease Europe's life?
Is Russia going to lift the food embargo? What will happen, if Russia softens its sanctions for Greece and Hungary? The period of sanctions has laid bare the problems that were not visible due to the abundance of imported goods in Russia. The bill to lift retaliatory sanctions was submitted to the State Duma. Are the submitters traitors?
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| READ THE ORIGINAL POST AT english.pravda.ru |
Greek Shipping Tycoon Offers to Pay Amal Clooney Fee for Parthenon Marbles' Return
Amal Clooney An unnamed Greek shipping tycoon has offered to pay the fees of Amal Clooney and the law firm she works for, Doughty Street ...
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Tsipras’s tweet on the first bill in Parliament – PHOTO
The Greek Prime Minister Alexis Tsipras posted on his official Twitter account that the first bill on tackling poverty will submitted soon. “Introducing reforms to help our fellow citizens unable to meet their basic needs—food, shelter and electricity…Our first bill ...
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| READ THE ORIGINAL POST AT en.enikos.gr |
Mystery Greek shipping magnate footing Amal Clooney's bill to fight for repatriation of Elgin Marbles
But then, the cash-strapped Greek government hires the high-profile and expensive London law firm that employs Amal Clooney, American actor ...
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| READ THE ORIGINAL POST AT news.nationalpost.com |
Greek defence minister sends arms procurement files to prosecutor
Defence Minister Panos Kammenos on Tuesday announced he submitted two files relating to arms procurement to a public prosecutor, to investigate possible bribery or corruption. "For two of the cases [being investigated] we already have ...
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| READ THE ORIGINAL POST AT en.enikos.gr |
Is Greece poised for another big recession?
Greece' appears headed to re-enter recession this quarter, after starting to expand again last year following a punishing six-year recession that led to ...
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| READ THE ORIGINAL POST AT www.sltrib.com |
Why Greece's new bogeyman in the Eurozone is Spain
That number includes Greek Prime Minister Alexis Tsipras, who at the weekend accused the two countries of blocking his efforts to cut Greece's debt ...
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| READ THE ORIGINAL POST AT fortune.com |
Greek Prosecutors Propose Terms for Release of Golden Dawn Leaders
ATHENS—Greek prosecutors have recommended the terms under which the leader of the far-right Golden Dawn party will be released from prison later this month pending trial on charges of participating in and directing a criminal organization, a court ...
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| READ THE ORIGINAL POST AT www.wsj.com |
ECB funding to Greek banks jumps 47 pct in January
ECB lending to Greek banks against collateral rose to 82.24 billion euros ... The European Central Bank is willing to again accept Greek bonds for ...
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| READ THE ORIGINAL POST AT www.reuters.com |
Stamford, CT Churches Host US Senator Town Hall on 3/8 Greece, Cyprus and Community Issues
STAMFORD, CT – United States Senator Chris Murphy will participate in a town hall meeting on March 8 at the Church of the Archangels at 1527 Bedford Street in Stamford, CT. The topics for discussion will be current events in Greece and important Greek Orthodox community issues. The doors will open at 1 PM and […] The post Stamford, CT Churches Host US Senator Town Hall on 3/8 Greece, Cyprus and Community Issues appeared first on The National Herald.
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| READ THE ORIGINAL POST AT www.thenationalherald.com |
Greek SYMPOSSIO Organized in 6 Italian Cities
This year's event was dedicated to Greek cuisine and it took place from February 16 to 26, with the participation of Italian journalists, tour operators ...
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| READ THE ORIGINAL POST AT eu.greekreporter.com |
German Chancellor Merkel and FinMin Schaeuble: Greece Needs to Make Specific Reform Proposals
“I wish Greece good luck as a member of the Eurozone,” German Chancellor Angela Merkel said yesterday, while -almost at the same time- Finance Minister Wolfgang Schaeuble stated that the “trust with Greece has been lost.” Addressing a European Investments Bank council in Berlin, the German Chancellor highlighted that “Greece should now specify its reform proposals and discuss them with the three institutions: The European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF), as this was the Eurogroup’s outcome.” The bailout extension approved last week by the German Parliament should help the Greek reform program to succeed, Merkel noted, adding that there was a need for stronger economic policy coordination among Eurozone member-states. At the same time, Schaeuble, through his representative Martin Jaeger, warned that Greek Finance Minister Yanis Varoufakis should consider if he is ready to accept a default for his country, insisting in his position that any delay in the ECB payment by Greece would constitute a credit event. As Jaeger clarified, the German Finance Minister is not threatening but rather states the obvious. As he further said, Berlin has lost count with what Varoufakis’ has stated in several interviews, pointing out that there is no alternative to be strict with Athens, as any trust has been lost in recent weeks. In addition, Jaeger highlighted that Greek Prime Minister Alexis Tsipras’ allegations that Spain and Portugal have formed a front against Athens in order to serve their domestic political goals is a “very unusual mistake.”
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Teleconference for Varoufakis in view of upcoming Eurogroup
Greek Finance Minister Yanis Varoufakis on Tuesday reportedly took part in a teleconference with representatives from the International Monetary Fund, the European Central Bank and the European Commission, in view of a March 9 meeting of eurozone finance ministers in Brussels.
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
Greece Can Teach The World A Needed Lesson
… withdrawals from Greek banks and the exodus of capital from Greece to … experienced a terrible contraction. Must Greece perpetually be the runt of … Greece is endemic. Your hideous tax system is one reason that Greece …
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| READ THE ORIGINAL POST AT world.einnews.com |
Greece taps public sector cash to help cover March needs: sources
Greece is tapping into the cash reserves of pension funds and public sector entities through repo transactions as it scrambles to cover its funding needs this month, debt officials told Reuters on Tuesday. Shut out of debt markets and with aid from lenders frozen, Athens is in danger of running out of cash in the coming weeks as it faces a 1.5 billion euro loan repayment to the International ...
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| READ THE ORIGINAL POST AT news.yahoo.com |
EBRD to launch funding in Greece, promoting enterprise
By Alastair MacdonaldBRUSSELS (Reuters) - The European Bank for Reconstruction and Development will launch a five-year program of loans and investments in Greece that EU governments hope can foster enterprise and growth to help revive an economy hobbled by public-sector debt.Tuesday's move is not directly related to international loan programs that have bailed out the Greek state. But the head of the EBRD said big euro zone creditors thought his bank's support for private enterprise could encourage the kind of market reform they want the new left-wing government in Athens to focus on.Suma Chakrabarti, president of the London-based EBRD, told reporters in Brussels that all its 66 state owners had voted on Friday to let Greece follow similarly bailed-out euro zone member Cyprus in becoming a "country of operation" - allowing a wide range of Greek businesses to seek funding from the EBRD.Formed in 1991 by rich industrial powers including the European Union and United States to promote market economies in the former Soviet bloc, the bank has set no limit on how much funding it will provide in Greece.In Romania, a somewhat smaller economy, the EBRD invested 592 million euros ($662 million) last year.The EBRD offer was prompted by a request late last year from the conservative-led coalition government which lost power in January. Left-wing prime minister Alexis Tsipras, elected on promises to ease austerity, privatizations and reforms demanded by EU and International Monetary Fund creditors, revived the request a month ago.EBRD lending is not conditional on Greece being bound by the terms of a bailout program like that which Tsipras reluctantly extended until June. But Chakrabarti stressed that the bank's help would be forthcoming "very much in the context" of the kind of economic reforms Athens is negotiating with its creditors."By concentrating on the private sector we are seeking to actively contribute to the reform and recovery of the country’s economy," he said. The German and French governments, he said, had strongly supported the EBRD getting involved in Greece, where the public sector is larger than many other EU states."Some think the EBRD business model could be particularly helpful in Greece," Chakrabarti said. The cash available is small compared to the 240-billion-euro state bailout program.The Greek government, keen for growth to curb massive unemployment and help pay down its debts, welcomed the move."The EBRD's activities in Greece ... will help accelerate economic growth and improve the quality of investments,” said spokesman Gabriel Sakellaridis, adding that Tsipras hoped the bank could start work as soon as possible.Chakrabarti said a first EBRD mission would head for Athens on Thursday and meet the authorities on Friday before reporting back to the bank's board next Wednesday. It would take some time to formulate an overall strategy, but even before that was in place lending, notably to small businesses, could start.(Additional reporting by Marc Jones in London and Renee Maltezou in Athens Editing by Jeremy Gaunt)Join the conversation about this story »
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| READ THE ORIGINAL POST AT www.businessinsider.com |
Where The German Right And Greek Left See Eye-To-Eye (FXE)
The Greek left and the German right are not alone. A Reuters poll published earlier today found 37.1% of the 980 respondents expect Greece to leave ...
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| READ THE ORIGINAL POST AT seekingalpha.com |
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