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Friday, May 13, 2016

What if Greece got massive debt relief but no one admitted it? (Part 1)

Time is a flat circle, which is why the Greek government is set to run out of money before debt payments are due to the European Central Bank in July — just like last year, and despite last summer’s supposed deal between the Greek government and its ...


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Stournaras: Eurogroup Deal on May 24 Could See Lifting of Capital Controls

Bank of Greece Governor Yiannis Stournaras said that capital controls will be lifted if a deal is made at the Eurogroup on May 24. He said that an agreement between Greece and its creditors would herald an end to the imposition, speaking to the press on the sidelines of an event by the Federation of


READ THE ORIGINAL POST AT greece.greekreporter.com

More migrants now reaching Italy

[refugeeship2]The spotlight is back on Italy as the number of migrant arrivals there has overtaken those in Greece for the first time in nearly a year. According to Frontex, the EU border agency, 8,370 migrants landed in Italy compared to some 2,700 in Greece.


READ THE ORIGINAL POST AT algarvedailynews.com

Greek Judges Union Issue Statement Against Long-Term ‘Memorandum’

The Greek Association of Administrative Judges strongly reacted against the “long-term memorandum” whose victims are described to be workers, small businessmen and pensioners. These groups are being called to suffer the burden of the contingency ...


READ THE ORIGINAL POST AT greece.greekreporter.com

Estimated 188,000 Migrants Arrive in Europe across Mediterranean Jan 1-May 11

An estimated 188,075 migrants and refugees entered Europe by sea between January 1 and May 11, compared with 91,860 in the first five months of last year, the International Organsiation for Migration (IOM) said on Friday. Latest fatalities stood at 1,357, a decrease of 25% compared with 1,792 migrant deaths in the Mediterranean in 2015 through 11 May, IOM said in a statement. Arrivals in Greece in 2016 through May 11 totaled an estimated 155,765, and arrivals in Italy were 31,219.      


READ THE ORIGINAL POST AT www.novinite.com

Prince-themed paint night in Greece

A Greece painting studio this month is hosting a Prince-themed paint night. The event, held in honor of the musical icon who died last month, will take place at 7 p.m. Wednesday, May 25 at Painting with a Twist, 1586 W. Ridge Road, Greece. During the two ...


READ THE ORIGINAL POST AT www.democratandchronicle.com

Migrant arrivals in Greece drop 90 per cent, says EU border agency

… at the Greek-Macedonian border near the village of Idomeni, Greece, on May … , including Syrians, who cross to Greece illegally across the sea are … shifting from the route to Greece to the central Mediterranean route …


READ THE ORIGINAL POST AT world.einnews.com

Migrant arrivals to Greece plunge, as deal sputters – Turkey visa deal unravels as Erdogan defies EU

GENEVA: A controversial EU-Turkey deal dramatically cut the number of migrant arrivals in Greece last month, data showed yesterday, even as a row between Brussels and Ankara threatened to sink the agreement. Last month 3,360 migrants and refugees landed on ...


READ THE ORIGINAL POST AT news.kuwaittimes.net

2016 GREEK Festival: The place for authentic GREEK food and more

But that didn't stop visitors on Friday from making their annual trek to the three-day festival for authentic GREEK cuisine such as gyros, moussaka and ...


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Joint statements of Foreign Minister Kotzias and the Foreign Minister of Slovakia, Miroslav ...

M. LAJÄŒAK: Good day. I am very pleased to have had the opportunity to meet for the third time in the past three months with my Greek counterpart and friend, Minister Kotzias. As you know, the first visit I carried out was to Athens, and I am very pleased that the Minister accepted my invitation to visit Slovakia. This alone shows the trust that exists between our two countries and the high degree of mutual understanding. Greece is an important partner for Slovakia. Greece is an ally of ours in the European Union and NATO.We share common views on many...


READ THE ORIGINAL POST AT www.mfa.gr

Stocks are rolling over

[Screen Shot 2016 05 13 at 1.56.04 PM] Stocks were at the weakest levels of the session in the afternoon trading on Friday. Near 1:56 p.m. ET, the Dow was down 142 points (0.81%), the S&P 500 was down 13 points (0.66%), and the Nasdaq was down 15 points (0.34%.) Energy and financials were the sectors with the biggest losses. Tech was flat and the best performer.  Walmart shares fell the most on the index, by 2.4%. The retailer reports earnings in the fourthcoming week alongside others. The past week has been ugly for retail earnings, particularly in the apparel space. Earlier Friday, we heard from JC Penney, which missed sales projections and cut its forecasts for the year. Its shares fell 10% but were down just about 3% in afternoon trading. Overall retail sales were solid last month, as the Census Bureau's data showed a 1.3% climb in April, the biggest in a year, led by strong sales of cars and gasoline.  In other economic data, consumer confidence via the University of Michigan's preliminary sentiment index was stronger than expected for May. The index came in at 95.8, up from 89 in April.  And, the producer price index came in less than expected, at 0.2% for April.  SEE ALSO: THIS CHART SUMS UP THE BIGGEST TREND IN RETAIL RIGHT NOW Join the conversation about this story » NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy


READ THE ORIGINAL POST AT www.businessinsider.com

Republican Chair Taps GREECE Town Clerk to Seek Monroe County Office

Rozzi is the current GREECE town clerk and former clerk of the Monroe County legislature. She resides in Ogden with her husband and daughter.


READ THE ORIGINAL POST AT www.twcnews.com

House transactions in GREECE grinding to a standstill in 2016

According to the Bank of GREECE, local lenders disbursed some 133.3 million euros for housing purposes in January and February 2016. This is a ...


READ THE ORIGINAL POST AT www.ekathimerini.com

Bank of GREECE chief calls for lower primary surplus, bigger reform effort

With a tentative debate under way on relieving GREECE'S debt load, Bank of GREECE (BoG) Governor Yannis Stournaras on Friday called for GREECE'S ...


READ THE ORIGINAL POST AT www.ekathimerini.com

Negative start to year for GDP in GREECE

Economic activity dropped 1.3 percent in the first quarter of the year from the same period in 2015, according to the first estimates by the Hellenic ...


READ THE ORIGINAL POST AT www.ekathimerini.com

Greece to Evaluate Deep-sea O&G Exploration Bids

Greece will conclude the evaluation of deep-sea oil and gas exploration bids in the coming weeks and will name the preferred bidders soon after, its energy minister said on Friday, as the country seeks to tap into its limited oil reserves. Plunging crude ...


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After falling more than 10%, JC Penney has come all the way back

[JC Penney retail shopping]JC Penney is staging one heck of a comeback. After the stock tanked more than 10% in pre-market trading Friday, shares of the retailers have now gone into positive territory. As of 11:33 a.m. ET, JP Penney was trading up a little over 1% at $7.89 a share. The company reported disappointing sales Friday morning, generating $2.81 billion, just shy of the projected $2.92 billion. Comparable store sales also declined -0.4% against analyst expectations of a 3.3% increase. In addition, the retailer slashed its projections for the year. JC Penney cut its outlook for gross margins to an increase of only 0.1% to 0.3% from the original projection of 0.4% to 0.6%. "While our first quarter sales were below our expectations, we are maintaining our annual comp guidance of 3% to 4% as a result of the positive nature of our recent sales trends, the strength of our Sephora business and our decision to accelerate our appliance rollout," said CEO Marvin Ellison in a press release accompanying earnings. On the bright side, the company posted a loss of -$0.22 per share against analyst expectations of -$0.30 a share. [Screen Shot 2016 05 13 at 11.33.40 AM]Reuters/Natalie Behring NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy


READ THE ORIGINAL POST AT www.businessinsider.com

After falling more than 10%, JC Penney has come all the way back

[JC Penney retail shopping]JC Penney is staging one heck of a comeback. After the stock tanked more than 10% in pre-market trading Friday, shares of the retailers have now gone into positive territory. As of 11:33 a.m. ET, JP Penney was trading up a little over 1% at $7.89 a share. The company reported disappointing sales Friday morning, generating $2.81 billion, just shy of the projected $2.92 billion. Comparable store sales also declined -0.4% against analyst expectations of a 3.3% increase. In addition, the retailer slashed its projections for the year. JC Penney cut its outlook for gross margins to an increase of only 0.1% to 0.3% from the original projection of 0.4% to 0.6%. "While our first quarter sales were below our expectations, we are maintaining our annual comp guidance of 3% to 4% as a result of the positive nature of our recent sales trends, the strength of our Sephora business and our decision to accelerate our appliance rollout," said CEO Marvin Ellison in a press release accompanying earnings. On the bright side, the company posted a loss of -$0.22 per share against analyst expectations of -$0.30 a share. [Screen Shot 2016 05 13 at 11.33.40 AM]Reuters/Natalie Behring NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy


READ THE ORIGINAL POST AT www.businessinsider.com

Refugees in GREECE: "We Did Not Expect to Live This Life in Europe"

Almost one month after the signing of the EU-Turkey deal, the situation across GREECE remains chaotic and inhumane. In improvised camps and ...


READ THE ORIGINAL POST AT www.doctorswithoutborders.org

Writer Dana Sachs aids Syrian refugees in GREECE

A Wilmington writer spent 10 days in GREECE recently, working in makeshift ... Kathryn Winogura, who works with refugees, was traveling to GREECE.


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Germany opposes long-term interest guarantees for GREECE: Der Spiegel

Schaeuble has rejected a proposal from the euro bailout fund to cap interest rates on Greek debt at 2 percent until 2020, regardless of how debt ...


READ THE ORIGINAL POST AT www.thefiscaltimes.com

Police crack down on ring stealing trucks in central GREECE

Police Friday made a serious dent in a crime ring that has stolen at least seven trucks in central GREECE, with the arrest of four people while another ...


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Desperation grows in Greece as asylum process drags on

Nearly two months after the implementation of the EU-Turkey deportation deal, refugees are packed into camps on Greek islands. Those who have a shot at asylum wait. Others risk their lives by trying to swim away.


READ THE ORIGINAL POST AT www.dw.com

Aussie country cafes - the Parthenon and Paragon - run by GREEKS and Italians but selling the ...

Most likely the original owner was GREEK and the name reflected that, although the food did not. There was the Paragon, the Parthenon, the Marathon ...


READ THE ORIGINAL POST AT www.theaustralian.com.au

GREEK PM: Hotel tax to come into effect in 2018

In his speech at general assembly of the GREEK Tourism Confederation (SETE) on Thursday, the GREEK Prime Minister Alexis Tsipras underlined that ...


READ THE ORIGINAL POST AT www.hospitalitynet.org

'My Big Fat Greek Wedding 2': Mediocre with recycled humour ( Movie Review)

My Big Fat Greek Wedding 2; Cast: Nia Vardalos, John Corbett, Lainie Kazan, Michael Constantine, Andrea Martin, Gia Carides, Joey Fantone, Elena Kampouris, Alex Wolff, Louis Mandylor, Bess Meisler; Director: Kirk Jones; Rating: ** After 14 years of "My Big ...


READ THE ORIGINAL POST AT www.newkerala.com

Deputy FM Amanatidis meets with an AHEPA delegation (Foreign Ministry, 13 May 2016)

Deputy Foreign Minister Ioannis Amanatidis met on Friday, 13 May, with president John W. Galanis and a delegation from the American Hellenic Educational Progressive Association (AHEPA). The Director General of the General Secretariat for Greeks Abroad, Michael Kokkinos, also participated in the meeting.During the meeting, which was carried out in a friendly atmosphere, there was an exchange of views on current issues of Greek interest. Mr. Amanatidis noted that “Greece is managing and is turning a new page,” and he was briefed on AHEPA’s current activities and programme.Mr. Amanatidis reiterated the government’s will to further deepen and strengthen cooperation with...


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Tsipras Doubles Down On Austerity

It's déjà vu all over again for Greeks now that Prime Minister Alexis “Che” Tsipras has been backed into a corner by the county’s creditors.


READ THE ORIGINAL POST AT www.thenationalherald.com

World Press View: Germany Blocking Greek Debt Relief

Greece has mostly satisfied its international lenders, except for Germany which continues to be an obstacle in debt relief hopes.


READ THE ORIGINAL POST AT www.thenationalherald.com

World View: EU-Turkey Migrant Deal Unravels over Brinksmanship on Both Sides

For the first time since April 2015, more refugees arrived in Italy by crossing the Mediterranean from Libya than arrived in Greece by crossing the Aegean Sea from Turkey. The change was mostly due to a slowdown of migrants arriving in Greece since the EU ...


READ THE ORIGINAL POST AT www.breitbart.com

EU boasts that number of migrants arriving in GREECE drops by 90%

The EU has boasted the number of migrants arriving in GREECE has dropped by 90 percent but is ignoring the fact vast numbers are now pouring into ...


READ THE ORIGINAL POST AT www.dailymail.co.uk

GOP taps GREECE official to run for Monroe County Clerk

Cheryl Rozzi, the GREECE town clerk, will run for Monroe County clerk on the Republican ticket in November. Her candidacy was announced Friday by ...


READ THE ORIGINAL POST AT www.democratandchronicle.com

This chart sums up the biggest trend in retail right now

The gap between traditional brick-and-mortar stores and online retailers is clear.  A Commerce Department report Friday showed total US retail sales jumped 1.3% month-on-month in April.  And apart from car dealers and gas stations, there was another clear winner: online retailers. The report showed that non-store retail sales — at places like Amazon and eBay — rose 2.1% in April from March. At the same time, department-store sales (excluding leased departments) rose 0.3%. But the year-over-year trend showed an even bigger outperformance gap. Online retail sales were up 10.2%, the most among major categories in the retail sales report.  Earlier this week, earnings results from some major department stores illustrated why they are straggling. Take Macy's for example, which said weak consumer spending and slow international sales were reasons for its underperformance. Or Kohl's, which said it had to offer discounts deep enough to clear excess inventories.  "Clearly they've got to get more competitive in terms of their online offerings," said Mark Heppenstall, chief investment officer at Penn Mutual Asset Management, which oversees $20 billion in assets.  "The convenience factor is a big driver of the way consumers are spending today, and the entire experience of going to the mall just seems as though it's becoming less part of the American lifestyle, particularly for the younger generation — the millennials," he told Business Insider. Stuart Hoffman, PNC chief economist, said in a note that the weak earnings from retailers do not reflect poorly on consumer spending, but rather show a shift in buying to online. This chart shows the three-month moving average of department-store and non-store sales growth or decline. Since January 2009, department-store sales have fallen 61% of the time month-on-month, versus 28% of the time for online shops.   [retail] SEE ALSO: AMERICA'S BIGGEST COMPANIES SAY THESE 4 THEMES ARE TOP OF MIND RIGHT NOW Join the conversation about this story » NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy


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Turkey-EU migrant deal manages to cut migrant flow, says Frontex

The Turkey-European Union deal reached to curb the influx of migrants into the bloc manages to reach the aim, among other reasons, with the number of migrants arriving in Greece dropping 90 percent in April in comparison to the previous month, the European Union border agency said on May 13


READ THE ORIGINAL POST AT www.hurriyetdailynews.com

Posts tagged with GREEK economy

Mr Stournaras, a former GREEK finance minister, called for this to be reduced to 2 per cent – a measure which would help reduce the debt burden to ...


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GREEK Gods rule, but A Night in Olympus has a rom-com heart

menu. GREEK Gods rule, but A Night in Olympus has a rom-com heart ... GREEK Gods rule, but A Night in Olympus has a rom-com heart. Friday, May 13 ...


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BoG Stournaras: If agreement on May 24th, Capital Controls will be lifted

Governor of Bank of Greece and former finance Minister Yannis Stournaras told reporters in Thessaloniki on Friday “If we have an agreement on May 24th and everything goes according to plan [he said exactly: according to wish], then capital controls will be lifted.” When he was asked to determine when […]


READ THE ORIGINAL POST AT www.keeptalkinggreece.com

Frontex: Number of migrants arriving in Greece dropped 90% in April, just 2,700 arrivals

The number of migrants arriving in Greece dropped 90 percent in April, EU border agency Frontex said on Friday, in a sign that a deal with Turkey to send back those who make the sea journey between the two countries is working. “Fewer than 2,700 people arrived in Greece in […]


READ THE ORIGINAL POST AT www.keeptalkinggreece.com

Movie Review: My Big Fat Greek Wedding 2 – A predictable romcom

If this movie mirrors your life in any way, and marriage counselling is out of the question because you have neither the time, money nor moussaka, fear not. Consider the agony aunt in a morning tabloid or the Alpha Marriage course on GodTV. Say Prakalo ...


READ THE ORIGINAL POST AT www.freepressjournal.in

Greek Stats Show Drop in GDP as Eurostat Average Rises

The Hellenic Statistical Authority (ELSTAT) announced the Gross Domestic Product for the 1st Quarter of 2016. Flash estimates show that available seasonally adjusted data indicate that in this period, the Gross Domestic Product (GDP) in volume terms ...


READ THE ORIGINAL POST AT greece.greekreporter.com

Migrant arrivals to Greece plunge as EU-Turkey deal sputters

[Last month 3,360 migrants and refugees landed on the Greek islands, compared with 26,971 in March -- an 88 percent drop, according to figures from the International Organization for Migration (IOM)]A controversial EU-Turkey deal dramatically cut the number of migrant arrivals in Greece last month, data showed Friday, even as a row between Brussels and Ankara threatened to sink the agreement.


READ THE ORIGINAL POST AT uk.news.yahoo.com

ContiTech to shut down belting operation in GREECE

VOLOS, GREECE—ContiTech Imas S.A., the Greek subsidiary ContiTech A.G., has stopped production of conveyor belts due to the continuing global ...


READ THE ORIGINAL POST AT home.rubbernews.com

Tom Brady explains his biggest secret to playing football at an age when everyone else retires

[tom brady]Mike Ehrmann/Getty At age 38, Tom Brady just put together one of the most efficient seasons of his career. Brady's incredible 2015 stood in stark contrast to his other older quarterback peers, like Peyton Manning, whose bodies had clearly betrayed them. Brady has structured his life in a way that allows him keep playing football at an age when everyone else retires. He goes to sleep at 8:30, he doesn't party, and he has a strict diet, which he details in his new $200 "nutrition manual." Brady spoke to GQ's Andrew Goble about the book, and explained his biggest secret to maintaining his body to stay on the field. "The biggest issue is muscle pliability," Brady said. "That’s what I think the biggest secret to me is." As Brady explained, muscle pliability is keeping muscles soft and long. It stands in contrast to lifting heavy weights, which shortens the muscles and makes them denser. Brady then went into a long, rambling answer about why he views this as such an important part of his routine and his longevity. We do so many exercises in the gym through all our strength training that make our muscles short and dense. So now you get up and you’re doing all these active things where you’re running and cutting, and you're asking these muscles to expand and contract. Well, you basically taught your muscles just to stay contracted. ... There’s a lot of components to every muscle function, to every type of exercise that you do. For me, I focus on dropping and throwing. That’s what my job is. For a runner, you’re going to need to be incredibly biomechanically efficient and balanced in order to run that 5K, and if something is out of balance, you’re going to need to get it back in balance. And the only way traditional physical therapy does it, they think that muscle soreness is muscle weakness. So they take muscle soreness and they go, well, it must be weak. Let’s do more strengthening. My point is, it’s not weak, it’s actually working too hard. We need to lengthen it and soften it, so that the other muscles can work, too. Brady continued, saying that when an athlete then tries to go out and perform, their muscles are essentially confused and unable to expand and contract as needed. Brady said this tricks an athlete's brain into trying to compensate by "going to recruit fibers" from other parts of the body, thus weakening those parts and throwing the system off-balance. Brady told Goble that this type of understanding of the body is what pushed him to publish his nutritional manual. Watching Brady play football is not like watching, say, Cam Newton. Brady's arm is not the strongest, and he's certainly not the quickest when it comes to scrambling. He isn't built like a Greek God. But his longevity and health can't be argued with, so clearly Brady is onto something. NOW WATCH: STEPH CURRY: Inside the spectacular life of the the NBA’s first unanimous MVP


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Greek inventor’s amazing fly swat anti-smoking device

… . But fear not, because self-made Greek ‘inventor’ Thanasis Papadopoulos has come … , it’s hardly surprising the Greeks pretty much invented the modern …


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Migrant crisis: With arrivals in Greece down, EU says new border policy is working

… number of migrants arriving in Greece dropped 90 per cent in … 2,700 people arrived in Greece from Turkey in April, most … , including Syrians, who cross to Greece by boat are sent back … shifting from the route to Greece to the central Mediterranean route …


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Greek Cup: EPO Replaces Sidiropoulos’ Assistants

The Hellenic Football Association (EPO) has proceeded with an important move in order to carry out next Tuesday’s final game for the Greek Cup, as it has replaced the assistants of referee Tasos Sidiropoulos. The replacement of the referee’s assistants ...


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Italy overtakes Greece as Europe's top spot for refugee arrivals

Migrant arrivals to Italy have overtaken arrivals to Greece for the first time since June 2015, according to EU borders' association Frontex. Italy suspends raising migrant wreck amid bad weather (13 May 16) More than 800 migrants rescued off Sicily coast ...


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Greece and EU Reach Agreement on 5.4 Billion Euros, Confirms EU Official

Greece and its European creditors have agreed on a basic package of measures worth 5.4 billion euros, confirmed a European official from Brussels on Friday. Greek news site real.gr reports that the official points to an ambitious package of 17 prior ...


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GREEK central banker says debt talks should include lower surplus target

Yannis Stouranaras said the move could cut GREEK debt to below 100 percent of GDP in 2030 and to 89 percent in 2035, if it's combined with easing ...


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'Unbreakable Kimmy Schmidt' Is Secretly All About Ancient GREEK Philosophy

“Brandon says the Ancient GREEKS called it catharsis and it was just one of the many ways they were real smart about stuff!” – Cyndee, Unbreakable ...


READ THE ORIGINAL POST AT decider.com