How the world sees Greece
Unless you’re a runner, you may not know what ancient Greece and Marin County have in common. The answer is Dean Karnazes, an endurance runner who makes a 26.2-mile marathon seem like child’s play. The 54-year-old has run Squaw Valley’s Western ...
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Greece's creditors in the 19-country eurozone have agreed to give the cash-strapped country some short-term debt relief even though they remain to be convinced that the Greek government has delivered on the promises it has made in return for the bailout ...
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| READ THE ORIGINAL POST AT abcnews.go.com |
The fabled “Fountain of Youth” is something that has made it’s way in the folklore and mythological stories across many cultures, and Ancient Greece is no exception. The Fountain of Youth was a common theme in Greek mythology, and the stories ...
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| READ THE ORIGINAL POST AT www.greekboston.com |
In just a year, Greece has gone from a risky prospect to a must-have destination for global hospitality investors. In spite of all the country’s hardships in 2015, Greece saw an increase in hotel stays of nearly 4 percent in 2015 compared to 2014, and ...
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| READ THE ORIGINAL POST AT www.hotelmanagement.net |
Air Mediterranean is a GREECE-based start-up pursuing its AOC with the Hellenic authorities. VVB also operates another B737-400 on behalf of Air ...
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| READ THE ORIGINAL POST AT www.ch-aviation.com |
Euro zone finance ministers grant GREECE short-term debt relief ... raise the costs for GREECE in the short term, although lower them in the longer-run.
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| READ THE ORIGINAL POST AT www.reuters.com |
Eurozone finance ministers agreed Monday on a package of short-term measures on debt relief for Greece that could ease the country’s debt load by around a fifth by 2060.
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| READ THE ORIGINAL POST AT www.wsj.com |
Due to maturity, rice was the worst performer in 2016, while growth was also hindered by the fact that in 2015 the capital control introduced in summer 2015 pushed consumers to stock up, hence demand went down in 2016 as consumers had a stock of rice at home.
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| READ THE ORIGINAL POST AT reports.pr-inside.com |
ESM Reigling: Will start ST implementation of GREEK debt relief measures. Mon 5 Dec 2016 18:23:43 GMT. Author: Greg Michalowski | Category: News.
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| READ THE ORIGINAL POST AT news.forexlive.com |
The Pan-Hellenic Seamen’s Federation (PNO) on Monday announced a new round of strike action, which will suspend ferry services until 6 am on Thursday, December 8. The announcement came after talks between unionists and Greek Shipping Minister Panagiotis ...
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| READ THE ORIGINAL POST AT news.gtp.gr |
(AFP) – A Greek court on Monday rejected the extradition of three military officers demanded by Turkey over their alleged involvement in July’s failed coup, a judicial source said. The court reasoned that the three men – out of a total eight officers ...
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BRUSSELS (Reuters) – Euro zone finance ministers agreed on short-term measures to reduce Greek debt, but remained divided over how big a primary surplus Greece must keep after 2018 and for how long, French Finance Minister Michel Sapin said on Monday.
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| READ THE ORIGINAL POST AT www.euronews.com |
A Greek court decided on Monday not to extradite three alleged coup plotter soldiers, the verdict about the remaining five soldiers is expected in the next days, possibly tomorrow. The eight members of the Turkish Air Force had fled to Greece with a Black Hawk helicopter and landed in Alexandroupolis […]
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| READ THE ORIGINAL POST AT www.keeptalkinggreece.com |
… Turkish jets violated Greek airspace twice A pair of Greek F-16 fighter … two Turkish fighter jets violated Greek air space between the islands … Greek Minister of Defence, Panos Kammenos, along with members of the Greek …
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| READ THE ORIGINAL POST AT world.einnews.com |
… expected to produce substantive results “Greece has to become competitive to … regarding medium-term measures on the Greek debt. He stressed that demanding … medium-term measures on the Greek debt, adding that Greece had made huge …
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A GREEK prosecutor will appeal the decision to the country's Supreme Court, ... GREEK officials have repeatedly said they have to let their politically ...
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| READ THE ORIGINAL POST AT www.wsj.com |
From 1940s Greece to Syria today, these powerful photos document the refugee crisis since the end of World War Two. The incredible images, part of ...
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| READ THE ORIGINAL POST AT www.mirror.co.uk |
“Vice Premier” of the Crimean Government Georgi Muradov said that the delegation of businessmen from GREECE was being expected to visit Crimea ...
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| READ THE ORIGINAL POST AT en.sobytiya.info |
A total of eight soldiers who were involved in the failed coup bid in Turkey had fled to GREECE to seek asylum. All were charged with treason by Ankara ...
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| READ THE ORIGINAL POST AT www.trtworld.com |
ATHENS， Dec. 5 (Xinhua) -- In the wake of the Italian referendum on its constitutional reform， Greek Prime Minister Alexis Tsipras and visiting German foreign minister Frank-Walter Steinmeier expressed concern on Monday over the course of the European ...
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| READ THE ORIGINAL POST AT english.sina.com |
[Italy flag jets]Reuters/Giampiero Sposito “THE biggest risk in Europe is the Italian referendum,” said Gianfelice Rocca, of Milan's chamber of commerce (source: The Economist) ITALY VOTED LAST WEEKEND ON THE REFERENDUM ON CONSTITUTIONAL REFORM. PRIME MINISTER RENZI STAKED HIS POLITICAL REPUTATION ON THE PROPOSALS THAT SEEK TO STRENGTHEN WHAT IS WIDELY REGARDED AS A (CONSTITUTIONALLY) WEAK AND INEFFECTIVE GOVERNMENT. HE HAS SAID HE WOULD RESIGN IF THE COUNTRY VOTES ‘NO’ (AND DID), LIKELY TRIGGERING AN ELECTION WHERE THE EUROSCEPTIC FIVE STAR MOVEMENT WOULD FEATURE STRONGLY AND, IF THEY HELD THE BALANCE OF POWER, RAISE THE PROSPECT OF A FURTHER REFERENDUM TO LEAVE THE EUROPEAN UNION. Did Renzi raise the stakes too high? Probably. Regardless whether the proposals were sound, – Italy’s record in passing laws is no worse than most – or whether Renzi needed to raise the stakes so high is largely irrelevant to market participants in the shorter term_. Siamo dove Siamo_. We are where we are. Many have similarly likened an Italian NO to the successful ‘nationalistic’ Brexit Leave and US Trump votes. But a Machiavellian could argue those votes were for _change._ YES was the constitutional change even but NO was for real change. The similarity to previous key votes (Greece, Brexit, Trump) in the last 18 months was and is too close to ignore and continues to provide sound templates going forward in this self made Italian _fiasco. _ WHAT MARKETS ARE GENERALLY SAYING FOR NEXT 5-10 DAYS Is there an overwhelming conclusion about the impact of the Italian Referendum that can be deduced from the major markets? The outlook for many (70%) markets was positive (risk) over the next 5-10 day time frame. DAX: New Highs before deep retracement SPX: New Highs before retracement FTSE: Bullish consolidation Nikkei: Deeper Correction before uptrend resumes Gold: Grinding out a major base Oil: Threatening major consolidation break higher EURUSD: Final upswing within bearish mangled consolidation EURGBP: Setting base for large [corrective] rally. GBPUSD: Nasty spike higher to end correction. USDJPY: Toppish for larger correction to near term uptrend EURJPY: Toppish for larger correction to near term uptrend AUDUSD: Bearish consolidation The outlook is not uniform and either implies a (typically European) unclear Italian resolution or that Italy will not be as big a deal as the market is making out. After all we have the UK Supreme Court meeting about Brexit this week, ECB on Thursday whose QE outlook may well be influenced by Italy and the US Fed’s interest rate decision the following Wednesday. ITALIAN MARKETS The NO vote is politically destabilising and hit most related markets in the very short term and Italian markets at least in the short to near term, particularly the Italian stock market (MIB]) and most notably the fragile Italian banks (which comprise 20% of MIB). Whether these moves are sustained depends on subsequent events and the extent to which contagion is limited by political and central bank action. Given ECB’s role as rescuer of last resort and interconnection of Italian bank ownership with France and Germany, there would be a medium risk of contagion. A Yes vote would clearly have had the opposite effect, not least because Renzi sought to reform the Italian banks and would have seen related markets rally immediately until other factors become more pressing eg December US rate hike. DO THE ITALIAN MARKETS TIP A RESULT OR SUBSEQUENT REACTION? The Italian stock market appears currently stable after an 18 month decline. Even allowing for further volatility (weakness) within the range, I would have said the end of a trend sequence would allow a much larger recovery if only later. Many analysts are also citing the 50% devaluation of Italian banks in the last year as overdone and offer a good if not dangerous return. [Italy MIB]Reuters/Giampiero Sposito However, many said the same of Greece around the July 7th 2015 Greek Bailout Referendum and MIB now can be compared to the Greek market back then: THE GREXIT VOTE [GREXIT]REUTERS/GIAMPIERO SPOSITO Can they be compared? Both represented a vote which appeared to promise a possible resolution or a sudden deepening of a crisis. Yet the prevailing debt crisis in Greece was far more prolonged and deeper at the time of the apparent knife edge vote, indeed banks were already closed. Moreover the subsequent events nullified the impact of the poll (even though the Greek stock market was shut for a month and fell sharply after). Nothing is black and white it seems in European politics. See Greek Timeline. If a comparison can be made it is worth noting how EURUSD, the German stock market DAX and the 10 year German Bund-Italian BTP reacted to the vote. The EURUSD spiked down and then rallied in a very sharp but short-lived ramp. DAX rallied sharply after an initial spike down but failed to sustain the move while (and because?) Bunds and the 10 year differential collapsed. This is pretty much our overall view and working. [Italy]Reuters/Giampiero Sposito BREXIT A similar scenario happened on the Brexit vote. The EURUSD spiked down and then rallied in a strong but short-lived ramp. [Italy]Reuters/Giampiero Sposito As Sterling was obviously the feature of the market’s reaction to Brexit, if there is a similarity to Brexit in other markets could that (unbelievably) translate to Sterling despite the GBPUSD break higher on Friday? [Italy]Reuters/Giampiero Sposito This last rally is clearly slower but it is worth bearing in mind should it break back down. Obviously a Sterling hit on the Italian Referendum would have to be corroborated by similar EURGBP price action going into the vote. [Italy]Reuters/Giampiero Sposito GULP! However, Sterling did not react this way in the US Election. US ELECTION As the US Election was a carbon copy of Brexit for the EURUSD SPX and DAX, it is also worth a comparison. The DAX cash market into the vote is following the SPX cash market closely. A positive outcome, yes? [Italy]Reuters/Giampiero Sposito However, although SPX cash only opened 0.5% down on the day of the result and then resumed the uptrend, it had traded 5% down overnight. Interestingly, the SPX spike down came from a higher and later position closer to the equivalent of Thursday’s ECB meeting. [Italy]Reuters/Giampiero Sposito OUR CONCLUSIONS ARE * EUROPEAN POLITICS RARELY PRODUCE CLEAR CUT IMMEDIATE RESOLUTIONS. * AN UNEXPECTED YES VOTE WOULD HAVE CAUSED THE MARKETS TO RALLY BUT NOT BE SUSTAINED – ULTIMATELY A FADE IE A SELL. BUNDS WERE AN EXCEPTION TO THIS AS ECB COULD HAVE REACTED TO ITALY IN A WAY THAT THE MARKET SAW AN END TO QE. * A NO VOTE PRODUCED A SPIKE DOWN IN RELATED MARKETS THAT WOULD ALSO NOT BE SUSTAINED AND THEREFORE A BUYING OPPORTUNITY AGAINST KEY SUPPORT, WITH POSSIBLE EXCEPTION OF A GREEK INSPIRED MIB ‘BANK’ DECLINE. * THE INITIAL NO VOTE SPIKE DOWN WAS SO QUICK THAT IT DOES NOT APPEAR ON A DAX CASH CHART LIKE SPX. * STERLING SUPREME COURT EUPHORIA COULD BE BROKEN EITHER BY ITALY OR THE COURT’S DECISION ITSELF. THE ITALIAN JOB. A STORY ABOUT GOLD BEING A STEAL. YES OR NO. WE THINK IT IS – EVEN IF IT SITS OVER A CLIFF EDGE FOR A WHILE. _GREEK TIMELINE 2015_ _25 Jan 2015 - Greek election, Syria win_ _20 Feb 2015 - EU agree to extend current bailout by 4 months_ _27 June 2015 - Tsprias calls referendum, parliament approves_ _5 July 2015 - Referendum votes no, markets close_ _16 July 2015 - Part of bailout 3 approved despite vote_ _23 July 2015 - Bailout finally approved after cabinet reshuffle_ _3 Aug 2015 - Markets re-open - 22%_ _14 Aug 2015 - Parliament agrees new bailout._ _20 Aug 2015 - Tsipras resigns, calls new election_ _20 Sep 2015 - Syriza win election by narrower majority, NOC, form coalition with ANEL_ _19 Nov 2015 - Govt passes new austerity package. Tsipras still PM, but bailout now in place_. NOW WATCH: The pros and cons of drinking protein shakes after exercising
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[Greece tries to convince European creditors it's met targets]Greece's finance minister is trying to convince his counterparts in the 19-nation eurozone that his country has delivered on the reform promises made in return for the bailout money that saw off bankruptcy ...
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The strike could cause GREEK fruit and vegetables grown on islands to rot if they can't be transported for export, according to media reports.
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| READ THE ORIGINAL POST AT en.europeonline-magazine.eu |
On Monday celebrate the 83rd anniversary of the repeal of Prohibition with a drink or two. Analogue, located in the Village, is offering drink specials to ...
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Joining the euro removed the country’s only means of overcoming economic troubles and restoring competitiveness On New Year’s Day in 2002, Italians gathered in Rome to throw their lire into the Trevi fountain. There were celebrations as Italians took possession of the new euro notes and coins that became legal tender as the clocks struck midnight. But hopes that the advent of the single currency would provide a fresh start for Italy’s economy were misplaced. The growth performance of the eurozone as a whole has been poor but Italy’s has been dismal. Greece and Spain at least had booms before their painful busts; Germany and France have managed to claw back the ground lost in the deep recession of 2008-09. Continue reading...
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Having a small kitchen I really enjoy a nice one-pan meal for the ease and convenience and this one-pan greek lemon chicken rice with roast garlic is my current favourite! You won't believe how easy it is to make this meal and it's just packed with flavour!
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National Bank of GREECE S.A. (NBGGY) is our focus stock today as we will take a look at various technical indicators to get an idea of where the stock is ...
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Eight officers have sought asylum in GREECE and argued that they would face threats to their personal safety if they were returned to Turkish custody.
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| READ THE ORIGINAL POST AT www.alaraby.co.uk |
Everybody knows what a cheese fiend I am. Eric is, too. He will put Litehouse blue cheese on just about anything. Fries, burgers, salads… the only thing I haven’t seen him do it on yet is fro-yo. I better not give him the idea. I partnered up ...
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If you are planning on visiting Greece but want to keep that budget low, then worry not; Greece has a wide selection of renowned, award-winning hostel in many different locations to choose from, so that you can have your cake and eat it too. How about a ...
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BRUSSELS—Eurozone finance ministers toiled Monday to find ways to bring the International Monetary Fund back into Greece’s bailout, as talks between the country and its international creditors enter a critical stage. The ministers, gathering in ...
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Now that the people of Italy have spoken through their rejection of a national referendum to restructure the government on Monday, the rest of the European Union is on high alert for what could be the next Exit event from the coalition. And while it ...
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A NEW record attendance and a strong line-up of winners contributed to the success of the Lloyd’s List Greek Shipping Awards for 2016, which were presented at a packed dinner event on Friday December 2 at the Athenaeum InterContinental Hotel in Athens ...
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GREEK ports ground to halt with scores of vessels tied up in port or at anchor as GREEK seafarers extended a 48-hour strike on all types of vessels for a ...
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In the unkindest cut of all, Greek Premier Alexis Tsipras was mocked by an icon of the left, famed composer Mikis Theodorakis. The post Composer Theodorakis Ridicules Tsipras as Lenders’ Errand Boy appeared first on The National Herald.
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An increasing number of chemical and pharmacological studies, which strongly support traditional medicinal uses of Greek herbs against various illnesses such as sore throat, cough and gastric ulcer, have been... The post Fighting the Flu with a Cretan Herbal Medicine appeared first on The National Herald.
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By 1920, at the very latest, Greek immigrants as the owners and operators of individual confectionery stores across the United States became an accepted feature of everyday all-American life. As... The post On the Question of Greek-American Taste appeared first on The National Herald.
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He hasn't pushed it yet but Greeks are opposed any idea Prime Minister Alexis Tsipras has of separating Church and State. The post Survey Shows Greeks Don’t Want Separation of Church, State appeared first on The National Herald.
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ATHENS, GREECE (AP) — Officials say a Greek court has refused to extradite to the first three of eight Turkish servicemen who fled to GREECE after the ...
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The soldiers, including two majors, flew their jets to GREECE'S Alexandroupolis on July 16, prompting the Greek authorities to begin legal and ...
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to hold back from an activity by choice; to hold back from voting Some images used in this set are licensed under the Creative Commons through Flickr.com. Click to see the original works with their full license.
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ATHENS, Greece (AP) — Officials say a Greek court has refused to extradite to the first three of eight Turkish servicemen who fled to Greece after the failed July 15 military coup.
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[A military helicopter landed at Greece's Alexandroupolis airport on July 16, carrying eight officers who were seeking asylum after a failed coup in Turkey]A Greek court on Monday rejected the extradition of three Turkish military officers wanted by their homeland over alleged involvement in July's failed coup, a judicial source said.
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December 5 (SeeNews) - The January-September 2016 net profit of GREEK wind farm operator Eltech Anemos SA (ATH:ANEMOS) grew by 35.1% ...
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[Greek unions call general strike, ferry crews extend walkout]Greece's biggest labor unions have called a general strike for Thursday, to protest further tax hikes and labor reforms demanded by the country's bailout creditors. Ferry crews have also extended for another ...
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With every passing game, Giannis Antetokounmpo is looking more and more impressive. We take a closer look at the Milwaukee Bucks’ young star. Giannis Antetokounmpo is in his fourth year of the league but he is 21 years young. I REPEAT: He’s only 21 ...
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Greece is promoting friendly relations with its northern neighbor and the two countries have made several steps, including the confidence building measures, which are already being implemented, Nikos Kotzias has stated. On Sunday, the Greek ...
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A 13-year-old middle school boy was struck and killed by a fire department vehicle in GREECE on Sunday afternoon. According to a report published by ...
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A Greek court ruled against the extradition to Turkey of three Turkish soldiers who fled to Greece after an abortive coup attempt against President Tayyip Erdogan in July, their lawyer and court officials said on Monday. Turkey said the soldiers, eight in total, were involved in a July 16 coup attempt, an allegation they have denied. "I am very pleased with the ruling, they shouldn't have been extradited.. The court was objective," their lawyer Stavroula Tomara told Reuters.
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Athens. Two Turkish jets reportedly violated Greek air space twice on Monday, SigmaTV reports. The Turkish F-16s entered Greek airspace in the area of Lesvos and Chios islands early in the morning and were engaging in a dogfight with a pair of Greek F-16 ...
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