David Cameron and Alexis Tsipras are miles apart politically, but they share more in common than either may care to admit. Both the U.K. and Greek ...
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How the world sees Greece
Sunday, May 17, 2015
Free from creditors' control, Portugal still struggles with austerity
Lisbon (AFP) - One year after gaining freedom from the control of its international creditors, Portugal has succeeded in dramatically improving its economy, though most people are still struggling under the stringent austerity measures.In 2011, Portugal received a 78 billion euro (89 billion dollar) loan to save its failing economy, joining one of the EU's other struggling economies, Ireland, in being bailed out.Now, the deficit is under control, tourists are coming in record numbers, the real estate market is recovering and exports and investments are increasing.But in return for the bailout, the government had to cut wages, pensions and social benefits, and its population continues to grapple with high unemployment rates and increased taxation.In a sense, Portugal made the painful decisions that people in Greece, another eurozone country that is now deep in an economic crisis, bridled at.Economic forecasts in Portugal are looking promising this year, with the government expecting 1.6 percent growth, but experts say that this apparent success does not mean much for the people -- yet. "The numbers are better, but the life of the Portuguese hasn't changed. One year after the era of the troika, the economic miracle appears to be a mirage," Domingos Amaral, a professor of economics at the Catholic University in Lisbon, told AFP.The officials of the troika, the financial trio consisting of the European Union, International Monetary Fund and the European Central Bank, celebrated Portugal's renewed financial sovereignty in 2014, while stressing it did not mean an end to sacrifices."Unemployment is still high, along with taxes and public debt. The growth is small, and Portuguese people continue to emigrate," said Amaral.Nearly one out every five Portuguese live below the poverty line, with an income below 411 euros per month.Unemployment has decreased, but is still high at 13.7 percent of the working population and 34.4 percent among young people. - Jobless and without hope - "Nothing has changed for me since the departure of the troika. I lost my job at the beginning of the crisis in 2009 and I have little hope of getting it back," said Carlos Navarro, 48, a former jeweller who came to seek work at an unemployment centre in Lisbon. Divorced and a father of two girls, Navarro is no longer entitled to unemployment benefits. He lives from odd jobs, and receives the minimum social security payment -- and even that has been cut."I receive 348 euros, or 40 euros less than before," he said.Unpopular at home, the Portuguese government has been able to win the confidence of foreign investors, who were quick to snap up the country's debt securities. But with legislative elections five months away, the centre-right government is convinced that with austerity, it has taken the right route."More than ever, I am convinced that the path we have taken is the one we must follow," said Prime Minister Pedro Passos Coelho on Saturday. But worry persists around the banking sector, which was shaken after the collapse of the Espirito Santo group, whose debt escaped the vigilant watch of the troika. "The recovery is still very fragile and due in part to external factors, such as the drop in oil prices and the (value of the) euro," said Joao Cesar das Neves, a professor of economics at the Catholic University. Das Neves says that the Espirito Santo collapse in particular shows a lack of stability in the Portuguese economy. Join the conversation about this story »
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Why Venezuela's Economy Is Such A Disaster
Every week, The WorldPost asks an expert to shed light on a topic driving headlines around the world. Today, we speak with Chris Sabatini about the politics behind Venezuela's unusual economic policies and why the Obama administration is facing a backlash for sanctioning Venezuelan officials accused of abusing human rights. Venezuela's socialist government has long been one of the region's most controversial. Former President Hugo Chávez, who died in March 2013, launched a left-wing, nationalist political movement that defined itself in opposition to U.S. influence in Latin America, which he derided as "Yankee imperialism." Since Chávez's successor Nicolás Maduro has taken the reins of government, however, Venezuela's economy has spiraled out of control -- partly due to the declining price of oil, its most important export, and partly due to unusual economic policies first put in place by Chávez. Shortages of food and other consumer products, and the gaming of a complex currency control system have become common. The country's ever-contentious relationship with the U.S. government has continued to slide, with the Obama administration announcing in March that it would sanction seven military and elected officials over human rights abuse allegations. To understand what's driving Venezuela's unique economic problems and their political significance, we spoke with Chris Sabatini, a foreign policy expert with two decades of experience focusing on Latin American affairs both in government and as the former policy director for the Americas Society, a New York-based think tank. Sabatini, who teaches at Columbia University's School of International and Public Affairs, will officially launch a new digital publication covering the region called Latin America Goes Global on May 21. We read a lot in the press about Venezuela's unusual currency system, which can be confusing to outsiders. What is the Venezuelan government trying to do? Basically there's a three-tiered system and a black market system. At the top tier, the rate is about seven [Venezuelan] bolívares to the dollar, while on the black market it's about 300 bolívares to the dollar -- so you can see the huge level of overvaluation of the bolívar. One reason they do it is they give food imports a generous rate. Venezuela imports almost all of its food. It imports a lot of things because the oil-based economy has squeezed out other sources of production. So they ensure favorable rates to hopefully make food available and cheaper for Venezuelan citizens. How is it working out for them? It's working horribly for them. First of all, they have to spend a lot of dollars to keep that rate up. Consequently, their central bank is really strapped for hard currency. Second, it's created a whole system of corruption -- a three-tiered rate and a black market in which people, often times close to the government, are arbitraging these different rates. So people will claim they're going to import, say, foodstuffs and get dollars at the official rate, the best rate, and then they'll turn around and sell the dollars on the black market for 300 bolívares to the dollar. It's a huge windfall, as you can imagine. There are huge opportunities for corruption. We also see a lot of reporting about shortages of everything from corn flour to condoms. Why does Venezuela keep running out of things? The preferential rates they're giving to people allow importers to game the system. They're not actually importing those things or not in the quantities they're claiming because they're then turning around and making a much better profit by doing currency arbitrage than by importing condoms or diapers or what-have-you. The second reason though is that the government, first under Chávez and then under Maduro, has expropriated [taken control of] a number of production facilities -- everything from soda and beverage companies to dairy farms to supermarkets, food production, and they've basically created all these bottlenecks. It creates inefficiencies. And because of different price controls ... particularly in the public markets, it actually isn't profitable for some people to produce these things. Inputs are sometimes as expensive or more than the prices they could charge for the product on the market. The government likes to claim that the elite are hoarding goods and to a certain extent they are, in the sense that they're not producing to their full capacity. But largely that's because of the price controls that [the government] has created. The Obama administration imposed sanctions in March on seven Venezuelan military and elected officials over allegations of human rights abuses. Obama's faced a lot of criticism in the region for that. In your view, were those sanctions justified? The sanctions were very targeted. There's only seven officials. It only yanks their visas, their ability to enter the United States. And it froze any assets they had in the United States, under the assumption that they may have been ill-gotten gains, from corruption or even narcotics trafficking. Yes, it was likely justified. But was it politically wise to do it when they did it? Probably not. These are only sanctions that limit people who are alleged to have been human rights abusers or to be corrupt to enter the United States. We've done the same thing in Russia, after the crackdown with the annexation of Crimea and the civil war in Ukraine. We did the same thing in Honduras after the coup d'etat of 2009, in which we imposed very similar sanctions on de facto government officials. It's certainly within the scope of a government's rights to be able to say who should enter its borders if it has serious doubts about the moral qualities of these people, these violators of international norms. Now, was it politically wise is another matter and the answer, clearly, is probably not. The Maduro government is on a downward trajectory in terms of its political support, its economic management, its ability to control the country. This provided a very opportune distraction for him. As a result, he didn't get a huge bump in his approval ratings -- about 6 percent probably, [from] about 22 to 28 percent, is what I saw. Still pretty low, but it gave him something else to talk about other than of why people don't have corn flour or don't have condoms. How effective were they? I think it sent a message, but the timing was off. And it probably should have been coordinated better with other countries in the region, because it made it more difficult -- although it shouldn't be an excuse -- for [those countries] to speak out about cases of political prisoners, detentions, violations of freedom of expression. The Maduro administration has faced strong criticisms over its handling of the economy. How will that translate politically? Does Maduro face serious opposition in the Venezuelan legislature? Economically, this government has been a disaster. People are talking now about inflation maybe by the end of this year reaching 200 percent, reaching hyperinflation proportions. There are questions about whether it can make its external sovereign debt payments over the next few years. There's going to be a serious fiscal shortfall. And of course, there are shortages in the supermarkets. And that's clearly taken a political toll on this government. Its approval rating is in the 20s -- very low. But that hasn't necessarily translated into a direct groundswell of opposition to them in the way one would expect. The political opposition has for a long time made its opposition to the Chávez government, the Maduro government, about the political, about "la salida," the exit. It was much more of a partisan effort. So it's been difficult for them to now capture this economic distress, which includes former supporters of this government but who are not as comfortable with the overtly partisan nature of what the political opposition has traditionally been selling as an alternative. Because of some electoral shenanigans, some gaming of the electoral rules, chavistas [supporters] maintain a majority in the National Assembly despite the opposition gaining a majority of votes in the last election, and they've removed several opposition legislators. So, typical of this government, they have manipulated institutions to marginalize opponents and to consolidate power in way that has really weakened what could be, potentially, a mediating space between the opposition and the government. This interview has been edited and condensed for clarity. More from The WorldPost's Weekly Interview Series: - Is Al Qaeda In Decline - Anguish In Argentina After Prosecutor's Mysterious Death - Could The New Syriza Government Be Good For Greece's Economy? - Naming The Dead: One Group's Struggle To Record Deaths From U.S. Drone Strikes In Pakistan -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
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Illusion of choice should not fool gov’t
Government officials have repeatedly said they would rather pay wages to the public sector and pensions rather than meet debt payments to third parties if there is not enough money. Although Greece has surprised many with its resilience to fund itself without getting official loans and having access to international capital markets since last August, everybody agrees this cannot go on for much longer. The difficulty in making a large payment to the IMF last week confirmed it. With the economy on a downward path, buying time has become more costly and puts more pressure on Greece.
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US passengers expected to boost cruises
The cruise sector in Greece will remain in positive territory this year, according to the estimates of the cruise sector expert at the Association of Hellenic Tourism Enterprises, Andreas Stylianopoulos, who foresees a healthy rise in passengers from the United States.
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Financial prosecutors to issue call for more staff
Financial prosecutors will be warning the government that tens of millions of euros could be lost because of staff shortages, at was is a particularly crucial period for the Greek economy.
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Greek mayor backs down in controversy over Star of David on monument to Holocaust victims
Faced with blistering criticism over objecting to the presence of the Star of David on a monument dedicated to Holocaust victims, the mayor of Kavala in northern Greece told protesters Sunday that the dedication ceremony, originally set for this Sunday, will take place "very soon." Mayor Dimitra Tsanaka confirmed that councilors from her list had objected to the size and placement of the Star of David on a commemorative stone, although she denied she shared the opinion or wanted the star removed, as the Central Board of Jewish Communities has alleged.
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World Press View: Greece Heads For Risky Crossroads
Greece is heading toward the Woody Allen crossroads: one path leads to despair and utter hopelessness. The other, to total extinction. The post World Press View: Greece Heads For Risky Crossroads appeared first on The National Herald.
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Greek mayor relents in controversy over Holocaust monument
KAVALA, Greece (AP) — Faced with blistering criticism over objecting to the presence of the Star of David on a monument dedicated to Holocaust victims, the mayor of Kavala in northern Greece told protesters Sunday that the dedication ceremony, originally set for this Sunday, will take place "very soon."
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Alexis Tsipras letter reveals precariousness of Greece's finances
Greece came so close to defaulting on last week's €750m International Monetary Fund repayment the prime minister warned IMF chief Christine ...
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Globally, investors await breakthrough in Greece talks
China and Greece could set the course of global markets this week. Equity indices in Asia started the roller-coaster week on a high note, as China cut ...
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Letter reveals fragility of Greek finance
Prime minister warned Athens would default without ECB aid
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Simple core to Grexit and Brexit issues
The European problems of Greece and Britain involve no innate difficulty
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The Man who Quit the Greek Army to Become the Souvlaki 'King' of Melbourne
Thomas Deliopoulos resigned from the Greek army four years ago and travelled to Australia, where he settled in Melbourne, opening “Kalimera ...
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Greek PM threatened not to pay: report
Greek Prime Minister Alexis Tsipras had at one stage warned foreign creditors that Athens would not repay 750 million euros (US$854.25 million) due ...
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Athens rejects reports tourists in Greece will 'face problems'
Greece’s Alternate Tourism Minister Elena Kountoura on Saturday rejected press reports alleging that holidaymakers arriving in the country will face many difficulties, including empty ATMs. "These reports in the foreign press which aim at preventing tourists from travelling to ...
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Britain could leave the EU as early as next year
Britain could leave the European Union as early as next year as Prime Minister David Cameron is said to be already putting plans in motion to bring forward an in/out referendum by a year. If Britons vote to leave the EU, this means the country could technically start severing its ties by the end of 2016. The Conservatives won Thursday's General Election with a 12-seat majority. The Tories will have to deliver a referendum by 2017 over whether Britain will stay part of the EU, as it was a linchpin pledge during the campaign. According to The Guardian, which cited unnamed government sources, Cameron is keen to move the referendum forward to capitalise on Tory support and to avoid being caught up in the French and German elections in 2017. "The mood now is definitely to accelerate the process and give us the option of holding the referendum in 2016," one of The Guardian's sources said. "We had always said that 2017 was a deadline rather than a fixed date." Another source said: "It was made pretty clear that the European Council [the grouping of the EU's 28 leaders] would not engage seriously until the election result was clear. Now they know they have to deal with us and they want the UK to stay in the EU. "We expect the negotiations to take place in 2015 and 2016 so they finish well ahead of the French presidential elections [in spring 2017] and the German federal elections [in September 2017]." EU referendum pressure The Conservatives are under pressure to hold an EU referendum amid growing disdain for the 28-member bloc's influence over the UK. In an ING analyst note this week, the group highlighted how the latest Eurobarometer public opinion survey showed just 23% of Britons had a "generally positive" view of the EU, with only Greece having a lower rating (22%). Couple this with the 3.8 million people who voted for the UK Independence Party, which is opposed to staying in the union, and the number of Eurosceptics from other political factions and it could be a very real threat to Britain's EU membership. Though the Tories are pushing through the promise of a referendum, however, the party is largely against leaving the EU. In January last year, UK Chancellor George Osborne said the Tories were determined to deliver on the promise of a referendum but they would prefer to stay within the EU and negotiate "a better deal." "Our determination is clear: to deliver the reform and then let the people decide," Osborne said in a speech at a Tory party conference on January 14. "It is the status quo which condemns the people of Europe to an ongoing economic crisis and continuing decline. And so there is a simple choice for Europe: reform or decline."Join the conversation about this story » NOW WATCH: 'Game of Thrones': The Iron Throne is a terrible investment
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Germany urges Greece to implement reforms to sustain aid
German leaders have been putting pressure on the Greek government to put reforms in place before discussing a third aid package. The German finance minister put forth the possibility of a referendum on additional aid.
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Mystery Deepens in Savopoulos Quadruple Homicide in DC; Search for Killer Continues
WASHINGTON, DC – Investigators continue to try to make sense out of a fire on May 14 that took the lives of four people, Greek-American Savas Savopoulos, CEO of American Ironworks, his wife, Amy, and two others, one believed to be their 1o-year-old son, Philip, and a housekeeper Veralicia Figueroa, the Washington Post reported. The […] The post Mystery Deepens in Savopoulos Quadruple Homicide in DC; Search for Killer Continues appeared first on The National Herald.
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ICTSI to bid for Greek port
The Greek government is selling a 51-percent stake in the Piraeus port, the largest port in Greece, lower than the 67 percent stake it earlier offered.
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Greek LGBTI community kissing in front of the Greek Parliament
Members of the Greek LGBTI Community gathered today in front of the Greek Parliament in Athens, kissing each other. This sends a clear message on ...
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Greece has no money to pay the IMF, Tsipras warned creditors
The brinkmanship at the heart of Greece’s 11th hour escape from default has been laid bare, as it was revealed Prime Minister Alexis Tsipras told creditors the country would not be able to fulfil its obligation to the International Monetary Fund.
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Greece remains defiant over austerity as it seeks deal to avert default
Greek Prime Minister Alexis Tsipras will address the standoff over Greece's debts at the EU leaders' meeting in Riga, according to a Greek ...
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Leaked IMF memo sees threat of Greek default in June, when households defaulted long ago
Greece averted default in May, now the treat is imminent again. Next Dommsday Doomsday is predicted to occur beginning of June when Greece will have to pay back €1.5 billion to the IMF. However the country of “eternal blue and picturesque islands ” has run out of cash as it […]
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Greek Director Costas Gavras: 'Some People don't want Tsipras to Succeed'
Commenting on the ongoing negotiations between Greek authorities and its partners, the director, who is known for his political films, said the ...
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Greek Director Costas Gavras: ‘Some People don’t want Tsipras to Succeed’
There are some people who don’t want Prime Minister Alexis Tsipras and his government to succeed in Europe because they prefer to have “yes-men,” award-winning Greek-French film director and producer Costas Gavras told the Athens-Macedonian News Agency in an exclusive interview. “There’s a new movement in Greece and some people don’t want it to succeed,” Gavras said from Cannes, France, where he has been invited as guest of honor at Cannes Classics, a selection dedicated to heritage films. Commenting on the ongoing negotiations between Greek authorities and its partners, the director, who is known for his political films, said the country’s creditors “want the previous government to come to power and do what they want them to do. Not to have any resistance.” He also said he agrees with the tactic followed by Finance Minister Yanis Varoufakis. “Varoufakis spoke to them as an equal and they don’t want that. They want a yes-man.” The director said things in Greece can and should change and people must support the Tsipras government. “He’s young, he has no past. Everyone should find the courage to vote for him to see what he’ll do. To change things.” Asked about the war reparations issue, he referred to statements made recently by the German President and added that “this money must at some point be paid. No one else before Tsipras asked for it [war reparations]. It was Greece’s old problem, the yes-men imposed by foreigners.” Gavras has appeared in Cannes many times in the past to promote his films, most famously in 1969 when he won the Jury Price and Best Actor award for Jean-Louis Trintignant with the film “Z.” The film also won the Oscar for Best foreign film. This year, the premier film festival has scheduled a screening of “Z” for Monday, in a restored version. (source: ana-mpa)
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GetCruiseINN: The First Entrepreneurial Contest On Board
The collaboration between StartupBus Greece, Thinkbiz and Celestyal Cruises offers talented students the chance to join GetCruiseINN, the first entrepreneurial contest on board. The participants will enjoy a magnificent Mediterranean trip traveling with cruise ship Celestyal Odyssey from Piraeus to Mykonos, Kusadasi, Rhodes, Heraklion and Santorini from May 1 to 4. During the 4-day cruise, students will be urged to form teams, think about launching innovative and disruptive startups within the Tourism sector and Cultural Heritage and share their ideas, while exploring the Aegean Sea. The participants, who should be software developers, designers, students with background in business administration or people who want to pursue successful careers in tourism, will also take part in special events and workshops, as well as meet and discuss with mentors, having the opportunity to win prizes. “Our aim is to urge the Greek student community to create innovative projects in one of the most important pillars of the domestic economy,” said organizing committee member Stavros Tsompanidis.
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The Annual St. Philip Food Festival opens in Nashua Saturday
Visitors lined up Saturday to enjoy traditional Greek cuisine, including dolmathes, spanakopita, pastichio, gyros, and lamb and chicken slow-cooked ...
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Sky trails of the ISS and Milky Way captured above Mount Athos
Greek businessman, Konstantinos Emmanouilidis, captured stunning time lapse images of the International Space Station as it passed above the famed Mount Athos.
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New Democracy accuses Greek government of unreliability after report on alleged letter to IMF
Main opposition New Democracy accused the government of being unreliable following a press report in a Greek newspaper, according to which Prime Minister Alexis Tsipras is alleged to have sent a letter to the IMF, warning the Fund ...
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Institutions: 'Greece Will Need A Third Aid Package'
tsipras-Aid-Package Greece will need a third bailout package this summer in order to avoid a potential default, sources close to the institutions ...
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Creditors warned of Greek default on May payment of IMF loan
Greek Prime Minister Alexis Tsipras has reportedly warned the country's international creditors that his government would not be able to pay the ...
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Wire-tap scandal brings thousands out against Macedonian leader
By Matt Robinson and Fatos Bytyci SKOPJE (Reuters) - Tens of thousands of protesters took to the streets of Macedonia's capital on Sunday, waving Macedonian and Albanian flags in a dramatic display of ethnic unity against a government on the ropes after months of damaging wire-tap revelations. Crowds packed the central avenue in front of Prime Minister Nikola Gruevski's government office, angry over a flood of disclosures that the West says have cast serious doubt on the state of democracy in the former Yugoslav republic. The crisis rocking Gruevski's nine-year conservative rule is the worst since Western diplomacy dragged the country from the brink of all-out civil war during an ethnic Albanian insurgency in 2001, promising it a path to European Union and NATO membership. A dispute with neighbouring Greece over Macedonia’s name has halted its Western integration, and in that time critics say Gruevski has tilted to the right, stoking nationalism and monopolising power in coalition with a party of ethnic Albanian former guerrillas.
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Greece must choose between 2 catastrophes
Yanis Varoufakis rues the day when Greece joined the euro. The Greek finance minister says his country would be better off if it was still using the drachma. Deep down, he says, all 18 countries using the single currency wish that the idea had been ...
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German Economy Minister Sigmar Gabriel says Greece can only get more aid if it reforms
BERLIN: German Economy Minister Sigmar Gabriel warned the Greek government that Greece could only get further funds if it carried out reforms in a ...
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| READ THE ORIGINAL POST AT economictimes.indiatimes.com |
Greece Remains Defiant as It Seeks Deal With Creditors This Week
Greece's government said it won't back down on election pledges to end austerity even while seeking to agree on a deal with creditors as soon as this ...
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Reuters: Germany urges Greece to undertake reforms to unlock funds
BERLIN - German politicians kept up the pressure on Greece over the weekend to implement reforms, with Economy Minister Sigmar Gabriel warning ...
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| READ THE ORIGINAL POST AT www.kyivpost.com |
Time for Greece and euro zone to go separate ways
There comes a time when the squabbling has to stop and opposing sides need to settle their differences. Greece and the European Union have been ...
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Germany's Gabriel says Greece will only get further funding if it carries out reforms
Gabriel has previously said that he wants Greece to stay in the Eurozone and now adds that that a referendum in Greece could perhaps speed up the ...
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Why is Greece in Such Debt?
The post Why is Greece in Such Debt? appeared first on The National Herald.
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Greek Mythology Can Be Toxic, According to Columbia University Students
“Ovid's 'Metamorphoses' is a fixture of Lit Hum, but like so many texts in the Western canon, it contains triggering and offensive material that ...
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Why Turkey is a bigger threat to Turkish Cypriots than the Greek Cypriots
Mr Denktash seemed quite comfortable in such company and his speech was notably anti-Greek Cypriot, nationalistic and neo-imperialist. In the north ...
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| READ THE ORIGINAL POST AT cyprus-mail.com |
US and Russia Hail Resumption of Cyprus Negotiations
The United States has hailed the resumption of negotiations on the Cyprus problem, reaffirming its readiness to help the process. A US State Department official, responding to a question, said the US welcomed the start of talks between the Greek-Cypriot and Turkish-Cypriot leaders. “As noted in the statement of the White House on May 12, we reaffirm our full support for the UN-facilitated process under UN Special Adviser Espen Barth Eide, and we reiterate our willingness to assist the process in any way the parties find useful,” the official said. Russia is ready to cooperate with its international partners to ensure progress at talks on the Cyprus problem, a spokeswoman for the Russian Foreign Ministry has said, stressing that a mutually acceptable and lasting solution can only be agreed by Greek-Cypriots and Turkish-Cypriots.” The leaders of the Greek and Turkish communities in Cyprus, she said, agreed to resume UN-led negotiations on May 15 to solve the island’s longstanding problem. “We commend this step and hope the sides will spare no effort to reach a fair, comprehensive and lasting settlement of the Cyprus dispute on the basis of corresponding resolutions of the United Nations Security Council,” she said. (source: CNA)
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Greek muse descends from heaven in 'Xanadu Jr.'
“Xanadu Jr.” follows the journey of a magical and beautiful Greek muse, Kira, who descends from the heavens of Mt. Olympus to Venice Beach, Calif., ...
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Thomas Cook won £3.5m after children's Corfu villa gas deaths
Meanwhile, the family had to pay for flights and accommodation to follow the judicial process in Greece. Back in Britain they were only awarded legal ...
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Would leaving euro be more of a catastrophe for Greece than staying?
Yanis Varoufakis rues the day when Greece joined the euro. The Greek finance minister says his country would be better off if it was still using the ...
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Ghost factories of Greece; Find out why they wear a deserted look
If one travels from Athens to northern Greece, the Greece's dying industrial age is clearly visible. The Athens is facing pressure to reach an agreement ...
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Greek Spat Over Religious Relic
Worshippers gathered at a chapel at Greece's largest cancer hospital to view a silver chest with the remains of a 3rd Century Saint. The post Greek Spat Over Religious Relic appeared first on The National Herald.
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Now Tsipras Must Convince Followers
Greek Prime Minister Alexis Tsipras has a tough audience to convince as he says he's closing on a deal with international lenders: his own party. The post Now Tsipras Must Convince Followers appeared first on The National Herald.
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Tsipras Insists Greece Close to Troika Deal
Greek Prime Minister Alexis Tsipras late said his country's left-wing government is "very close" to reaching a vital deal with bailout lenders, but insisted there was "no possibility" of giving in to key demands including further cuts to pensions and wages. The post Tsipras Insists Greece Close to Troika Deal appeared first on The National Herald.
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