How the world sees Greece
Big news! Our very own recipe guru Elyse Kopecky’s amazing new cookbook Run Fast Eat Slow is out in the world. If you’ve been cooking Elyse’s recipes here at Summer Tomato for the past few years you already know how freakishly delicious everything ...
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Four people died yesterday when a tourist vessel sank after colliding with a speedboat off the Greek island of Aegina, near Athens. A nine-year-old child and the boat’s captain are believed to be among those who died. At least four other people were ...
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Mykonos, Greece’s party island in the Cyclades, has been billed by the Financial Times as the most sought after and expensive pieces of land on the property market in an article titled, “Why Mykonos is Greece’s Most Resilient Property Market.” Though Greece is in the grips of an economic crisis, the small Cycladic island […]
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Though we often eat Greek yogurt straight from the container, that method (and the occasional layered-up parfait) isn't the only way to eat the creamy snack. In fact, this fridge staple can have a place in all of your meals, not just breakfast. From ...
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The head of the Greek delegation at the Rio Olympics in Brazil expressed objections to the awarding of the Silver Medal to Spiros Gianniotis who lost to Dutch Ferry Weertman despite both men making the same time of 1 hour, 52 minutes and 59.8 seconds in ...
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An appeal against the decision by the GREEK national team, asking that the pair share top honors, was rejected by Olympics officials. [Yasuyoshi ...
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Controversy has arisen over a policy developed last November by Student Life and Learning that makes Greek chapters housed on campus subject to search by the IU police department and other IU safety organizations provided that the organization is given ...
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… , Tuesday, signed a deal with Greek company Energean Oil and Gas …
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Greece’s Navy opens the doors of 30 lighthouses across the country for visitors. The Lighthouses in 30 regions will be open from 10 am to 7 pm on Sunday, August 21st, 2016 on the occasion of the International Lighthouse Day. The public can visit the following lighthouses 1. Agios Nikolaos […]
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RIO DE JANEIRO— Ferry Weertman of the Netherlands beat Greece’s Spiros Gianniotis in a photo finish Tuesday August 16 off one of the world’s most iconic beaches, Copacabana, a frenetic finish...
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NEW YORK– On the afternoon of August 12, the New York State Department of Taxation and Finance (NYSDTF) returned the keys to the owner of Euro Market, allowing the Greek...
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Greek Prime Minister Alexis Tsipras said Germany still owes reparations for World War II and he's going after it legally or in court.
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GREEK PM: We will continue our struggle for German reparations Referring to the claim of the German reparations and the occupation loan, the prime ...
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A series of events are planned in sites and museums throughout Greece on five nights around the August full moon, which falls on August 18. The ministry of culture is opening 116 monuments, sites and museums, free of charge, and organising performances of ...
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Four people have been killed including a nine-year-old child after a speedboat crashed into a tourist vessel and sliced it in two off the Greek island of Aegina. The dead are said to include the child's 55-year-old father and the tourist craft's captain.
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My husband and I have planned a trip to Greece leaving Aug 26th, and we are still having trouble planning our itinerary. Can anyone help with the following questions?: 1. We have 5 nights booked for Crete - initially we planned to stay in Chania, but now ...
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St. George Orthodox Church will hold its annual Greek Fest — billed as "A Taste of Greece Without the Travel." The festival will be held from 11 a.m. to 8 p.m. on Saturday, Aug. 20, and noon to 7 p.m. on Sunday, Aug. 21. The festival will feature music ...
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Greek state budget recorded a primary surplus of 3.571 billion euros in the January-July period this year, from a primary surplus of 3.712 billion in the same period in 2015 and a budget target for a primary surplus of 874 billion euros. Regular budget net ...
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Coast guard officers and fishermen search for missing passengers of the tourist vessel. Four people including a child have died and several more were injured as a speedboat and a vessel carrying tourists crashed into each other near Athens on Tuesday, the ...
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A team of firemen managed to contain a blaze that broke out in the area of Palaiomanina near the city of Agrinio in western GREECE in the morning, ...
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Another boat load of refugees and migrants safely docked east of the island of Lesbos early on Monday morning, accompanied by the Greek Coast Guard after having refused to leave their boat. Around 51 refugees and migrants arrived on the island over the last 48 hours. The new arrivals were transported to the Morias hot […]
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The Financial Times uploaded mini-interviews with politicians, bankers, business leaders and writers giving tips on how to detox digitally in the sun. It goes without saying that Greece’s outspoken former finance minister Yanis Varoufakis was sought out for his opinion on how to bask in the sun over summer. This year, Varoufakis states that he’ll […]
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Learn how to make these Primal Greek Turkey Burgers by combining lean ground turkey with oregano, mint, and scallions. Served on lettuce and topped with feta and cucumbers, this grilled burger will satisfy all of your senses! “These are the best turkey ...
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GREEK Coast Guard pulled one more body from a depth of 20 meters in the area where a speedboat crashed on a vessel carrying 20 tourists onboard ...
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Four people died and another six were injured when a boat carrying around 20 tourists was involved in a collision with a speedboat near the GREEK ...
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As the Greeks struggle to contain the situation, … ’s director of operations in Greece. “Mothers with small babies are … the EU to provide the Greek authorities with more resources so …
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RIO DE JANEIRO -- Bullied as a child for his height, Greek gymnast Eleftherios Petrounias hit back at his tormenters on Monday as he claimed Olympic rings gold in Rio. The 25-year-old flexed his muscles with a display of power and control to crush his ...
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Leave it up to Riverdale to supply some of the most jaw-dropping, “is it really in New York City?” properties. This Greek Revival mansion looks like it belongs upstate, but it’s located right here in the Bronx, in a neighborhood known for impressive ...
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Aegina is a popular vacation spot in the Greek Islands. Boat tours are popular among tourists. Today four passengers on a boat, including a nine-year-old girl, died and at least five were injured after a boat with about 20 people on board collided with a ...
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[Aloni_Ed_Reeve_1_1_]Ed Reeve The United Nations says that the world population will quintuple by 2300. That means cities are about to get very crowded. More than half of humanity already lives in cities, and by 2050, at least two-thirds of the population will call cities home. In major cities like San Francisco, the demand for housing is outpacing the ability to supply houses. But that growing population will need places to stay. One solution: building underground or into the existing landscape, whether that's a hill or a cliff. Lots of cities already have subterranean spaces, but as urban areas become more crammed, you can expect these spaces to multiply. Take a look at some of the world's most unique marvels that are built into the ground and cliffs. _Shivam Saini contributed to an earlier version of this story._ THE ICONIC SANTORINI HOTEL IN IMEROVIGLI, GREECE, HAS A POOL THAT'S EMBEDDED INSIDE A CAVE. THE CLIFFSIDE OVERLOOKS THE MEDITERRANEAN OCEAN. Iconic Santorini ROCKY HOMES LINE THE CLIFF FACE IN NEVSEHIR, TURKEY, ALSO KNOWN AS THE CAPPADOCIA REGION. THE AREA IS POPULAR WITH TOURISTS FOR ITS BYZANTINE ART AND LARGE NETWORK OF UNDERGROUND BRONZE AGE TROGLODYTE DWELLINGS. Chris McGrath/Getty Images FOR A MORE MODERN TAKE ON A TROGLODYTE DWELLING, LES HAUTES ROCHES IS A FIVE-STAR HOTEL CONSTRUCTED INSIDE A LIMESTONE CLIFF. THE LAVISHLY DECORATED ROOMS OVERLOOK THE LOIRE RIVER. Les Hautes Roches SEE THE REST OF THE STORY AT BUSINESS INSIDER
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[A Bitcoin ATM is seen inside a bookstore in Acharnai in northern Athens, Greece June 30, 2015. REUTERS/Dimitris Michalakis ] We’ve entered the most profound era of change for financial services companies since the 1970s brought us index mutual funds, discount brokers and ATMs. No firm is immune from the coming disruption and every company must have a strategy to harness the powerful advantages of the new financial technology (“fintech”) revolution. The battle already underway will create surprising winners and stunned losers among some of the most powerful names in the financial world: The most contentious conflicts (and partnerships) will be between startups that are completely reengineering decades-old practices, traditional power players who are furiously trying to adapt with their own innovations, and total disruption of established technology & processes: * TRADITIONAL RETAIL BANKS VS. ONLINE-ONLY BANKS: Traditional retail banks provide a valuable service, but online-only banks can offer many of the same services with higher rates and lower fees * TRADITIONAL LENDERS VS. PEER-TO-PEER MARKETPLACES: P2P lending marketplaces are growing much faster than traditional lenders—only time will tell if the banks strategy of creating their own small loan networks will be successful * TRADITIONAL ASSET MANAGERS VS. ROBO-ADVISORS: Robo-advisors like Betterment offer lower fees, lower minimums and solid returns to investors, but the much larger traditional asset managers are creating their own robo-products while providing the kind of handholding that high net worth clients are willing to pay handsomely for. As you can see, this very fluid environment is creating winners and losers before your eyes…and it’s also creating the potential for new cost savings or growth opportunities for both you and your company. After months of researching and reporting this important trend, Evan Bakker, research analyst for BI Intelligence, Business Insider's premium research service, has put together an essential briefing that explains the new landscape, identifies the ripest areas for disruption, and highlights the some of the most exciting new companies. These new players have the potential to become the next Visa, Paypal or Charles Schwab because they have the potential to transform important areas of the financial services industry like: * Retail banking * Lending and Financing * Payments and Transfers * Wealth and Asset Management * Markets and Exchanges * Insurance * Blockchain Transactions If you work in any of these sectors, it’s important for you to understand how the fintech revolution will change your business and possibly even your career. And if you’re employed in any part of the digital economy, you’ll want to know how you can exploit these new technologies to make your employer more efficient, flexible and profitable. [BII The Fintech Ecosystem]Thomson Reuters Among the big picture insights you’ll get from this new report, titled _THE FINTECH ECOSYSTEM REPORT: MEASURING THE EFFECTS OF TECHNOLOGY ON THE ENTIRE FINANCIAL SERVICES INDUSTRY_: * Why financial technology is so disruptive to financial services—it will soon change the nature of almost every financial activity, from banking to payments to wealth management. * The basic conflict will be between old firms and new—startups are re-imagining financial services processes from top to bottom, while incumbent financial services firms are trying to keep up with new products of their own. * Both sides face serious obstacles—traditional banks and financial services firms are investing heavily in innovation, but leveraging their investments is difficult with so much invested in legacy systems and profit centers. * Meanwhile, startups are struggling to navigate a rapidly-changing regulatory landscape and must scale up quickly with limited resources. * The blockchain is a wild card that could completely overhaul financial services. Both major banks and startups around the world are exploring the technology behind the blockchain, which stores and records Bitcoin transactions. This technology could lower the cost of many financial activities to near-zero and could wipe away many traditional banking activities completely. This exclusive report also: * Explains the main growth drivers of the exploding fintech ecosystem. * Frames the challenges and opportunities faced by incumbents and startups. * Breaks down global and regional fintech investments, including which regions are the most significant and which are poised for the highest growth. * Reveals which two financial services are garnering the most investment, and are therefore likely to be transformed first and fastest by fintech * Explains why blockchain technology is critically important to banks and startups, and assesses which players stand to gain the most from it. * Explores the financial sectors facing disruption and breaks them down in terms of investments, vulnerabilities and growth opportunities. * And much more. _THE FINTECH ECOSYSTEM REPORT: MEASURING THE EFFECTS OF TECHNOLOGY ON THE ENTIRE FINANCIAL SERVICES INDUSTRY_ is how you get the full story on the fintech revolution. To get your copy of this invaluable guide to the fintech revolution, choose one of these options: * BEST VALUE: Join our BI Intelligence INSIGHTS service level and gain immediate access to this report PLUS much more. >> START A MEMBERSHIP * Purchase the report and download it immediately from our research store. >> BUY THE REPORT The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of the fast-moving world of financial technology.
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[South China Sea]REUTERS/Ritchie B. Tongo The Philippine Islands has a problem. It has international law on its side in its quarrel with China over maritime territory, but no policeman walking his beat to enforce the law. That means that, despite an international court’s findings, the dispute over rocks and islands off Philippine shores is far from over. On Aug. 2, China’s defense minister, Chang Wanquan, even said China must prepare for a “people’s war” at sea. That leaves strategy as Manila’s lone recourse; yet China overshadows the Philippines in every imaginable metric of national power. But as I wrote in 2012, when South China Sea tensions were heating up, while the Philippines has “no chance of winning in combat” with China, “it may win a peacetime confrontation.” The hope for Philippine leaders, then as now, was to conjure the career of Fabius Maximus, the Roman dictator nicknamed “Cunctator,” or “the Delayer.” Fabius advised confounding antagonists through inventive strategy and tactics, constructing alliances to augment strength, and remaining united and resolute at home. The Delayer spoke from experience. Greek historian Plutarch relates how Fabius envisioned combating Hannibal, who “burst into Italy” across the Alps in 218 B.C. and went on a rampage. Romans, accordingly, granted Fabius emergency powers to repel the threat. Fabius appeared unperturbed despite the menace in Italy’s midst. He reasoned that given time, Rome could amass power sufficient to vanquish the invaders. So he abjured efforts to crush the Carthaginians in an afternoon and postponed a battlefield decision. The Fabian playbook is essentially this: (1) Exercise self-discipline, subduing your passion for quick victory. Refuse to fight a stronger foe on its own terms. (2) Keep your alliances robust, supplementing your strength. (3) Tend to the home front, sustaining political unity for a prolonged struggle while husbanding the sinews of national power. And (4) be patient. Let the foe exhaust its fervor over time, yielding an acceptable peace. It’s likely Fabius would have smiled at Manila’s courtroom triumph. It’s precisely the sort of stratagem he would have deployed when confronting a power mismatch. Unable to dissuade a muscle-bound China through diplomatic persuasion or overpower it through economic or military might, Philippine officials took their case to the International Tribunal for the Law of the Sea (UNCLOS), which last month struck down Beijing’s claim to de facto ownership of most of the South China Sea — including much of the Philippine “exclusive economic zone” (EEZ), the offshore belt of sea where coastal states enjoy exclusive rights to harvest natural resources from the water and seafloor. [map south china sea]REUTERS/Ritchie B. Tongo Most strikingly, the jurists pronounced Beijing’s map of Southeast Asia, which bears a “nine-dash line” enclosing most of the South China Sea and delineating waters where China claims “indisputable sovereignty,” as bunk. Under the doctrine of indisputable sovereignty, China would make the rules governing seaborne endeavors in the South China Sea. The logic behind China’s stance was simple: the warrior who does battle on unfamiliar ground fights at a marked disadvantage relative to the warrior fighting on home ground. China wants to keep prospective foes like the U.S. Navy from knowing the theater’s physical terrain and underwater geography, and to keep them from working with Southeast Asian allies before the outbreak of war. If successful, it can cripple its rivals operationally. But while the UNCLOS tribunal ruled China’s overreach unlawful, the court has no enforcement arm. China refused to take part in the legal proceedings, rejected the ruling, and, for good measure, flew a nuclear-capable bomber over Scarborough Shoal afterward, which the Chinese coast-guard vessels wrested from the Philippine Navy four years ago, precipitating the dispute. Confronted with Chinese intransigence, Philippine leaders need to go back to Fabius’ playbook. Having seized control of the narrative, for one thing, Manila must hang onto it. China wages “three warfares” 24/7/365, employing media, psychological, and legal outlets to mold opinion in its favor. The Philippines must reply in kind, telling its story well and telling it often. The UNCLOS tribunal ruling should become a standard talking point. And spokesmen must fold pictures and video into Philippine public diplomacy. I am a close watcher of South China Sea issues, but I have yet to unearth a slick, visually impressive statement about the problem and how Philippine policy addresses it. For instance, Manila’s initial official account of the Scarborough Shoal standoff, dating from April 2012, shows a few grainy pictures of boats containing contraband coral, claims, and sharks harvested from the waters around the shoal. There is nothing to put the standoff in context — say, by showing the Philippine Navy facing off against Chinese fishing and law-enforcement vessels. Nor does the shoal itself appear. That set an unfortunate pattern for Philippine public diplomacy from then until now. Manila must show people what China is doing and, in the case of fellow Asian powers, remind them they may be next if China gets away with grabbing something just because it can. [South China Sea]REUTERS/Ritchie B. Tongo Second, Fabius beseeched Rome to nurture its alliances, a major reserve of Roman power. Manila must likewise aim its opinion-shaping efforts at current and prospective partners. It has no military option of its own. After all, the Philippine Navy is centered on three elderly U.S. Coast Guard cutters painted gray and renamed frigates. China’s navy would make short work of them in battle. In this regard, multinational bodies offer little promise. The UN Security Council could act. But China is a permanent member of the Security Council, wielding veto power over any resolution. ASEAN could act, but it isn’t a military alliance, and its members make decisions by consensus in any event. (Just last month, Cambodia nixed an effort to release a joint statement heralding the UNCLOS tribunal’s decision.) That leaves formal or informal alliances. A mutual defense treaty has bound the United States to the Philippine Islands since 1951. The pact obliges America to defend not just the main islands but “island territories under [Manila’s] jurisdiction.” Washington has inched closer and closer to declaring that the treaty applies to offshore islands and atolls, as well as underwater features such as Scarborough Shoal. But it hasn’t quite gotten there. Until then, Philippine President Rodrigo Duterte should beware of hinting that he might barter away the contested territory, which is one very plausible outcome of one-on-one negotiations. Why would the U.S. bother defending something its ally might give away? Stand firm, Mr. President — and let friendly powers see you do so. [Philippine President Rodrigo Duterte gestures during his first State of the Nation Address at the Philippine Congress in Quezon city, Metro Manila, Philippines July 25, 2016. REUTERS/Erik De Castro]REUTERS/Ritchie B. Tongo That will help with Fabius’ third strategic imperative: steadying the home front for a long struggle. The Philippine electorate, like those anywhere, will come down hard on national leaders who appear to be dickering away sovereign rights and dignity.The good news is that Duterte appears to have internalized this lesson since taking office. In the wake of the UNCLOS tribunal’s ruling, Duterte told a visiting U.S. congressional delegation that the court’s decision is “non-negotiable.” That’s a message that will resonate with Philippine constituents as well as abroad. Lastly, Fabius would counsel Philippine leaders to protract the competition until China’s fervor subsides. How long will that take, and will China abandon its aims at all? It’s hard to see how Beijing could ever formally give them up. Chinese Communist Party leaders staked national dignity and prestige on an empty claim to ownership of the maritime common. They portrayed the common as sacred territory that has belonged to China since antiquity, and made themselves accountable to nationalist sentiment — which they themselves set ablaze. The best the Philippines and its friends can hope for is that Beijing will mellow out over time. It can never cancel its maritime claims altogether, for fear of fueling popular fury. But it could, perhaps, shelve them quietly for the sake of regional amity — as party potentates like Deng Xiaoping once did. Beijing could stop pressing its claims day in and day out. To be sure, students of Roman history would affix a coda to all of this, pointing out that Fabius didn’t win Rome’s war against Hannibal; Cornelius Scipio did. Fabian strategy wasn’t enough. Fabius had to defend himself constantly from hotheads thirsting for decisive victory, and Florentine philosopher Niccolò Machiavelli opined that Fabius proved unable to escape his defensive-minded instincts. Rome needed a Scipio: a brash, offensive-minded, risk-taking commander. Scipio carried the fight across the Mediterranean Sea, marching on Carthage itself. Scipio’s army crushed Hannibal in North Africa, at the Battle of Zama, putting an end to the Second Punic War and earning the honorific _Africanus_ for his exploits. [south china seas]REUTERS/Ritchie B. Tongo That endgame hints at the frustrations awaiting Manila. With no Scipio in waiting, Manila must resign itself indefinitely to stalling tactics. It must be more Fabian than Rome was, placing heavy emphasis on its alliances. Then again, lesser antagonists have used just this strategy many times over the centuries, sometimes with rousing success. Look no farther than American shores. In 1777, Alexander Hamilton — who served on George Washington’s staff and reformed the Continental Army before becoming a star of stage and screen — boasted to Robert Livingston about the army’s “Fabian conduct.” Rather than offer battle, and perhaps lose the Revolutionary War in an afternoon, Hamilton urged American forces to “perplex and fret” the redcoats. In so doing, Washington & Co. would “precipitate” British commanders “into measures” that Americans could “turn to good account.” “Our business,” concluded Hamilton, “is to avoid a general engagement and waste the enemy away by constantly goading their sides, in a desultory teasing way.” In the meantime, the colonists tapped European help to construct a fighting force capable of facing British redcoats. Speaking of America: if a Scipio-like commander capable of deterring or vanquishing China appears, it will probably be in the form of an American naval commander. That should concentrate minds in Manila. Staying on good terms with one’s superpower patron is sound strategy. Reassuring Washington of Philippine steadfastness, liberalizing U.S. military access to bases close to likely scenes of action, and widening Manila’s circle of allies represent obvious steps for Duterte and his advisers. Entrusting vital interests to foreigners is less than satisfying for a proud society like the Philippines. The Philippines would surely have preferred to declare victory after years of Fabian strategy yielded a legal ruling starkly in Manila’s favor. But such is life when small powers square off against big ones. It’s time to dust off the Fabian playbook once again. NOW WATCH: Scientists just discovered the world's deepest sinkhole
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Four people have been killed and at least five injured after pleasure boat with 20 people on board collided with a speedboat near the Greek island of Aegina, close to Athens. A nine-year-old girl, the captain of the pleasure boat and two male passengers ...
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strifto-tsigaro-ygeia “Legal drugs,” as they are known worldwide, have appeared for sale in convenience stores in Thessaloniki, according to an ...
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Greek power utility PPC has announced that three companies have progressed to a second round for the purchase of a 24 percent stake in the ...
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"I learned from my GREEK grandmother and my American grandfather that food is a celebration. We do not work to produce cheese, we work to make ...
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With Greece desperate for every euro cent, tax inspectors raided a popular church festival and targeted beach clubs in their hunt.
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Atria Greece Senior Living Community recently celebrated Nancy McClellan’s 99th birthday and Lois Hodges’s 100th birthday. The women were asked to share their secrets to a long, healthy life: "Don't worry, things always work out," said Hodges.
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A collision between a speedboat and a tourist vessel off Aegina on Tuesday afternoon left four people dead, including a five-year-old child. Another five injured, two seriously, were rushed to a hospital in Athens. Search efforts are on to find those still ...
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A joint excavation on the part of the Russian Academy of Sciences’ Institute of Archaeology and researchers of the East Crimean Museum Preserve have unveiled an ancient Greek fortress built over 2,000 years ago. The dig took place near the Crimea natural ...
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Within the framework of the separate bilateral ministerial meetings that took place today, Monday, 1 August 2016, in Sofia, at the Greece-Bulgaria High-Level Cooperation Council, Foreign Minister Nikos Kotzias met with his Bulgarian counterpart, Daniel Mitov.During the meeting, the two Foreign Ministers reaffirmed the excellent climate of cooperation between the two countries and decided on the activation of a number of joint collaborations between the two countries within the European Union – beyond the already existing cooperation within the EU – as well as in the Balkan space. More specifically, they decided on the coordination of the two countries’ actions...
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Investing.com – Greece stocks were lower after the close on Tuesday, as losses in the Retail, Banking and Food sectors led shares lower. At the close in Athens, the Athens General-Composite lost 0.42%. Falling stocks outnumbered advancing ones on the ...
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Turkey issued a formal request to Greece on Tuesday for the extradition of the eight Turkish military officials who fled in a helicopter following the July 15 failed coup attempt in Turkey. The file, prepared by the Turkish Justice Ministry, calls for the ...
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But there is a new accommodation project in Athens called City Plaza which is providing refugees with much-needed hope. City Plaza is a disused 7-story hotel near Victoria Square, which has been occupied by the Economic and Political Refugee Solidarity ...
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When we think of holidays destinations such as Rio de Janeiro and the Maldives, it's usually picturesque scenes of sun, sand and sea that spring to ...
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GREECE'S prime minister has vowed to exhaust diplomatic and, if necessary, legal means to wrest reparations from Germany for its brutal occupation of ...
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A speedboat has collided head on with an excursion boat in Greece killing at least four occupants, including a child. More than 20 others were rescued as a search continues in waters off the island of Aegina.
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The Pappas Post is the personal news and blog site of Gregory C. Pappas and includes curated news of interest to Greeks and those who love Greece, as well as the personal blog posts from Gregory Pappas' personal and professional experiences. The Pappas ...
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Four people - including a nine-year-old child - have been killed in an accident in the Aegean sea near Athens, according to the Greek coastguard. Three men also died, and four people were injured. The accident happened when a tourist boat and a speedboat ...
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According to Daily Mail: The North Korean leader is ready to provide financial support to left wing politicians accros the world as Greek Prime Minister Alexis Tsipras, Venezuela .... POSTED: Tuesday 16th of August 2016 United States, USA — According to ...
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