How the world sees Greece
The Global X MSCI Greece ETF (GREK) is Wednesday's highest flyer, gaining 2.44%. Meanwhile the Dow Jones Industrial Average eked out a 0.04% gain to 20,957.90, and the S&P 500 was down 0.13% to 2388.13. Markets continued to cheer Greece's deal with ...
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Motifs familiar from childhood museum trips feature in cruise collection dominated by the colour gold at Grand Palais show Chanel’s latest show took place in the Grand Palais in Paris – but in Karl Lagerfeld’s hands, it was transformed into an environment more suited to the likes of Plato and Socrates. To showcase the Modernity of Antiquity – an addition to the collections shown between autumn/winter and spring/summer offerings – the space featured ionic columns, a Greek island sunset as backdrop and an impressive olive tree. The inspiration: the Parthenon and the Temple of Poseidon at Cape Sounion. France may be on the verge of a political shift but Chanel – arguably the jewel in French fashion’s crown – can still be relied on for a blockbuster show. Continue reading...
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A FORMER GREEK minister has warned the Prime Minister about Jean-Claude Juncker and claimed the EU would attempt to punish the UK for Brexit.
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The GREEK Orthodox bishop, Metropolitan Seraphim of Piraeus, sent a lengthy letter to Turkey's President Recep Tayyip Erdogan, in which he detailed ...
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ATHENS, Greece (AP) — A GREEK court has turned down a second Turkish extradition bid for three of eight Turkish servicemen who fled by helicopter ...
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The Court of Appeal in Athens decided on Wednesday not to extradite another three out of eight Turkish soldiers, who fled to GREECE after last year's ...
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Whenever I’m on a trip that involves taking a lot of public transit, I often think about how many “layers deep” I am in connections that have brought me where I currently am. A Travel Inception, if you will. I was seven layers deep, counting the ...
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The Fraternal Excellence Showcase was put on by Greek interns from the Center for Student Engagement, Leadership and Orientation on Tuesday (April 25) to show the campus community why Greek life is important, and to realize what it is all about. Greek Life ...
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Connor Mitchell, right, takes classes through Minerva, an online-only university. Re: “Online classes, but no degree: Is this the future of college?” May 1 news story. Your article about online learning focuses on Minerva, a university “named after ...
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Souda Bay, GREECE - The amphibious transport dock ship USS Mesa Verde (LPD 19) and embarked Marines from the 24th Marine Expeditionary Unit ...
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Greek tourism is projected to record an all-time high in terms of arrivals this year. However, no one is yet able to predict whether that positive ...
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After all, he staged Chanel's 2018 cruise show, inspired by the glories of ancient GREECE, under the rounded glass ceiling of the Grand Palais.
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Greece's left-led government has unveiled draft legislation that will allow all Greeks to freely determine their gender identity irrespective of how it was recorded at birth.
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Shave cucumbers into long strips using a vegetable peeler to equal about 6 cups. Arrange cucumber strips, tomatoes, and olives on a large platter. Sprinkle with green onions, feta, and oregano. Drizzle with oil and vinegar. Sprinkle with green pepper and salt.
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The government is reportedly gearing its efforts toward ensuring GREECE'S return to international markets by mid-June, provided of course that ...
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PARIS (AP) — Karl Lagerfeld climbed Mount Olympus for inspiration in creating Chanel's latest resort collection, presenting a spectacular Grecian-themed show to a celebrity audience in Paris on Wednesday. While Gucci will go to Florence, Louis Vuitton to ...
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Want create site? Find Free WordPress Themes and plugins. It happened in Greece with their winning entry My number one in 2005 and now it happens again! Demy’s Eurovision song This is love today topped the airplay of Greek radio charts! The ...
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Harald Sander, _Technical University of Cologne_ European financial markets are already betting on the victory of centrist French presidential candidate Emmanuel Macron in the country’s May 7 second-round election. [The Conversation] Are investors right to believe that the eurozone – the monetary union of countries that have incorporated the euro as their national currency – will gain new momentum with Macron in the Élysée Palace? After all, Macron, who is strongly pro-European Union, has affirmed several times over the past year that “the Euro will fail in ten years without reform”, adding he would promote more and better eurozone governance. THE IMPORTANCE OF THE PARLIAMENTARY ELECTIONS Ultimately, the political stance of the new French president vis-a-vis Europe will be heavily influenced by parliamentary elections in June, which will also determine the prime minister. According to polls, some 40% of the French voters today take an anti-European stance. Macron’s rival, the National Front’s Marine Le Pen, advocates unconditional rejection of Europe and the euro - even if she appears to have softened her stance on the common currency. On the campaign trail, left-wing candidate Jean Luc Mélenchon and his supporters were also quite lukewarm towards the single currency even if they seemed at least willing to renegotiate in favour a different Europe. If both the far-right and the far-left do well in the parliamentary elections in June, Macron, if elected, would face the task of imposing his views. Will he be able to initiate substantial reform of the euro area? In the past, he has repeatedly advocated fiscal unity, and during his short term as economy minister he said that “he would like to set up a common eurozone treasury with a single finance minister.” Macron would have to deal with the strong anti-European nationalistic backlash and the “Germanophobia” of Le Pen and Mélenchon’s supporters. Whether he can achieve his vision will depend also on his ability to win support across Europe. His idea of a fiscal union may meet resistance there, especially when it comes to cross-border risk sharing, which Germany and other northern countries fear will leave them footing the bill. AN ASYMMETRIC MONETARY UNION The current situation is informed by what happened to the eurozone as a result of its 2010 crisis. To deal with the sovereign debt crises of Greece and several other member countries, the EU arranged financial “rescue packages” conditioned on austerity measures and policy reforms. Unintentionally, these actions changed the character of the eurozone – and ultimately also that of Europe – from a union of equals to an asymmetric currency area dominated by creditor-debtor relationships. The creditor nations were perceived as imposing economic hardship on cash-strapped states, even as the former were contemplating transferring their own taxpayers’ money to reform-resisting neighbours. The euro crisis quickly developed into a European political crisis. Today, debtor countries lament their loss of sovereignty and, in healthier nations, support for “European solutions” has rapidly diminished. The crisis revealed that the eurozone is an incomplete monetary union and, as such, vulnerable to shocks that hit member countries differently. Most economists agree on what could fix this problem: a central bank that can effectively backstop financial crises; a banking union with the three core elements of single supervision, a single resolution mechanism and single deposit insurance; and a fiscal union to facilitate risk sharing. With respect to the central bank, the European Central Bank, is now doing “what it takes” as it pledged in 2012 , but the European banking union is still incomplete. This is largely because of resistance to a single deposit insurance, especially in Germany, which sees this guarantee as a form of debt mutualisation. As long as European banks remain in peril, it’s German insurance contributions that would be transferred to cover bankruptcies of foreign banks. Augmenting the banking union with a fiscal backstop will be a major task in the coming years, but it may be feasible provided Europe’s economic recovery continues and the banking sector undertakes sufficient restructuring measures. This brings me to the crucial point: the fiscal union – the idea of a common European treasury, which could ultimately organise fiscal transfers between member countries. > Target2 and Secret Bailouts: Will Germany be Forced Into a Fiscal > Union with Rest of Eurozone?https://t.co/RNkqfyR0B6 > pic.twitter.com/t2ZDOaikXr > — Mike Mish Shedlock (@MishGEA) April 23, 2017 Macron is very much in line on this with what most economists would - at least theoretically - recommend for making the incomplete monetary union work. But unfortunately, the political appetite for “more Europe” is at best marginal and good intentions could quickly fail in light of harsh political reality. Still, one should not make the best the enemy of the good when feasible solutions are within reach. An alternative to the fiscal union is to give back control over national fiscal policies to the countries themselves and abandon various fiscal pacts altogether. None of them has ever really worked in practice as the widespread violation of the EU deficit criteria shows. So it would better to let national governments decide on their budgets and give them back decisions on how to spend taxes. After all, this is what is being voted on in European elections in general and the French election in particular. And the change would also answer the concerns of those who feel - for right or wrong reasons – that their national sovereignty is being impaired. THE FOUR CONDITIONS FOR A STABLE EUROZONE But does that not mean that the euro area would remain vulnerable? Not necessarily. As argued by leading economists Professor Barry Eichengreen (Berkely) and Charles Wyplosz (Geneva), four minimum conditions should be met to guarantee the stability of the monetary union in case of a return to national decision making on fiscal matters. First, a central bank backstopping financial crises and, second, a full banking union. Both these conditions would form a good base for insuring against asymmetric shocks. A full banking union in particular, would allow private risk sharing through better integrated financial markets, which could cushion the effects of such shocks. Third, giving back control to national governments also implies giving back responsibility. In other words, a strict no-bailout rule is needed and may even be more effective for imposing more budget discipline. Finally, giving back control to nations requires reducing debt overhang. This may be the hardest part, as “moral concerns” in some countries may oppose workable debt restructuring schemes – but it would not be impossible either. Re-nationalising fiscal policy could therefore offer a politically feasible alternative to a full fiscal union as a way of stabilising the euro area. It should be noted, though, that this neither implies not engaging in joint European infrastructure projects nor abstaining from assistance programs for individual countries. Such initiatives may, in fact, be easier to implement once unpopular and ineffective fiscal rules are a thing of the past. A president Macron might thus wish to rethink his earlier view on a fiscal union. Reforming the euro area is a real possibility. The ultimate issue is not whether we need more or less Europe but rebalancing eurozone governance in a direction that is both politically palatable and provides much-needed stability for the European monetary union. _Harald Sander, Professor of Economics at Maastricht School of Management and Jean Monnet Chair, Technical University of Cologne_ _This article was originally published on The Conversation. Read the original article._ -- 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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ATHENS May 3 GREECE sold 1.138 billion euros ($1.24 billion) of six-month T-bills to refinance a maturing issue, the country's debt agency PDMA said ...
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Former Greek minister said his worst moments were when the Commission president tried to help him.
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Hotel occupancy and overnight stays are on the rise in Greece and are expected to break all previous records, according to Hellenic Hotel Federation President, Yiannis Retsos. Speaking during a media briefing on Wednesday, Retsos said that Greek tourism ...
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ATHENS (AP) — Police in Greece say gunmen killed a man outside a primary school near Athens as parents were still dropping off their children. […] The post Man Shot Dead Outside Primary School in Athens appeared first on The National Herald.
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SALT LAKE CITY, UT – More than 180 members of the Greek Orthodox Church of Greater Salt Lake volunteered for the inaugural Operation Brown Bag […] The post Greek Orthodox in Salt Lake City Helping the Needy appeared first on The National Herald.
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By Theodore Kalmoukos BOSTON, MA – The Greek Independence Parade on April 30 in Boston began beneath a pristine blue, sunshine-covered sky,but ended in rain […] The post New England’s Greek Parade, State House and Gala Events (Photos) appeared first on The National Herald.
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ATHENS (ANA) – Lack of meritocracy and corruption drive abroad human capital (Brain Drain) in Greece, according to an ICAP People Solutions’ primary research results, were […] The post Lack of Meritocracy, Corruption, Lead Greek Human Capital Abroad appeared first on The National Herald.
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PRINCETON, N.J. (AP) — In 1921, Congress passed an emergency immigration law limiting the number of foreigners allowed into the United States based on their […] The post Professor Revives 1923 Ballet Written Against Law Limiting Greek Immigrants appeared first on The National Herald.
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The island has a mythological landscape, uncrowded tavern-lined port towns, and the bluest water in the Cyclades. So how come you’re only hearing about it now? Which pretty much draws the Venn diagram of what’s behind Greece’s tourism surge in the ...
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Chanel forwent the usual far-flung cruise destination for its show today, instead opting to bring ancient Greece to Paris’s Grand Palais, where the house shows its main-season collections. Karl Lagerfeld, never one to skimp on a set, re-created the ...
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For his latest Chanel cruise collection, Karl Lagerfeld couldn’t find a venue in Greece that he liked — so he brought Greece to Paris instead. The designer conjured a replica of the Temple of Poseidon in the Galerie Courbe at the Grand Palais, where ...
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The original so-called Elgin Marbles from the Athenian Parthenon currently reside in the British Museum, thanks to Thomas Bruce, 7th Earl of Elgin.
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"There was a lot of information that was floating around on social media regarding that people were being targeted because they had GREEK letters on ...
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In return, the creditors will pay GREECE 2.8 billion euros ($3.1 billion) it needs to avoid defaulting on its loans in July, and start talks on how to ease the ...
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It may be a drizzly grey day in Paris, but Karl Lagerfeld turned an upstairs room of the Grand Palais into a tiny corner of GREECE. The sun (or at least ...
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CHICAGO, IL: Bishop Demetrios of Mokissos, Chancellor of the Greek Orthodox Metropolis of Chicago, was a Keynote Speaker at the Annual Raising of the Greek Flag and Wreath Laying Ceremony at the Richard J. Daley Center Plaza in Downtown Chicago on Friday ...
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The Greek government is giving cash incentives for asylum seekers on the islands to forgo their legal rights to appeal their cases. Some €1,000 and free plane tickets home are now part of a largely EU-financed package to send them packing as quickly as ...
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We all know the ancient Greek myth of Oedipus, the cursed king who slept with his mother—but you’ve probably never heard it told on hand-crafted, rainbow-colored microtonal instruments before. That opportunity comes this weekend with a rare staging of ...
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Two years ago Yanis Varoufakis led Greece’s failed attempt to negotiate with the EU. He explains how the Brussels establishment will do everything to frustrate and outmanoeuvre the British prime minister, using tactics ranging from truth reversal to ‘the Penelope ruse’ “It’s yours against mine.” That’s how Wolfgang Schäuble, Germany’s finance minister, put it to me during our first encounter in early 2015 – referring to our respective democratic mandates. A little more than two years later, Theresa May is trying to arm herself with a clear democratic mandate ostensibly to bolster her negotiating position with European powerbrokers – including Schäuble – and to deliver the optimal Brexit deal. Related: Adults in the Room by Yanis Varoufakis review – one of the greatest political memoirs ever? There is a long EU tradition of neglecting democratic mandates in the name of respecting them Continue reading...
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Touching moments for the men of the Greek presidential guard in Australia. Some Evzones could not hold back their tears, when they listened to the words of Bishop Nikandros speaking highly of Greece and the ethos of Evzones. During the speech, two of the Evzones became so emotional about their experiences in Adelaide and their … The post Touching moments for Evzones commemorating Anzacs in Australia appeared first on Keep Talking Greece.
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The word “veteran,” at least to Americans, is likely to elicit an image of a reverent man, chin held high. But, as photographer Sasha Maslov illustrates in his new book, _Veterans: Faces of World War II_, veterans from a single, recent war include a huge swath of people, with wildly different perspectives. One of his subjects ― from Austin, Texas ― lamented that he got swept up in the draft and had to witness the loss of so many friends. But several others signed up willingly, including Themistoklis Marinos of Athens, Greece, who voiced his enthusiasm for fighting “against invaders.” Maslov took Marinos’s portrait sitting in his living room, surrounded by crosses and other religious iconography. His story is among the dozens told and chronicled by Maslov, who aimed with this book to collect veteran stories from around the world and to thereby illustrate just how far-reaching the effects of World War II were. “The scale of this conflict was so large that I wanted to show as many angles of it as I could,” Maslov told HuffPost in an interview. “Then I discovered that in many countries, including the United States, the view of World War II is somewhat shaped by what is being taught in schools or what the ‘government line’ is, so it often isn’t accurate. That’s why it was so important to get the stories of the people who actually participated in the war and witnessed it first hand.” When he began the project in 2011, Maslov wanted to be sure to capture not only his subjects but their environments, and how their homes and other personal spaces reflected their personalities. “The folks I photographed for this project had lived in their houses for a long time, so their homes said a lot about who they were,” Maslov said. “With the rise of hatred globally, maybe this is a good time for this,” Maslov said. “What I’m afraid of is that people in need of history lessons now are not seeking education.” Read a few excerpts from Maslov’s book below: IMANTS ZELTINS, FROM BAUSKA, LATVIA “By February 1, 1945, the Americans had invaded Germany. The soldiers put signs on hospital doors that forbade patients to leave the area. After a few days, all the Latvians there got together and literally cried, not because the war was ending, but because they knew Latvia would be once again occupied by the Russians.” RICHARD OVERTON FROM AUSTIN, TEXAS, UNITED STATES “I didn’t want to go to war. Uncle Sam picked me; he enlisted me. [...] I lost a lot of friends. Everybody in the army was my friend. I did regret going, but after I went, I was glad I went. I learned a lot.”‘ ANNA NHO, FROM ALMATY, KAZAKHSTAN “In 1937, many Koreans were deported from the Far East [of Russia]. We were transferred to Karaganda in Kazakhstan. They put up tents for housing. A few families lived in each one, but it was so cold that someone died every day.” THEMISTOKLIS MARINOS, FROM ATHENS, GREECE “I finished my school in Zakynthos and then moved to Athens to study economics. To finance my studies, I was also working odd jobs. When the Italians attacked Greece, I was called to arms, and I stopped studying. “When the war was declared, we were very enthusiastic, and we were looking forward to fighting against the invaders. The Germans and Italians took over Greece, and I left for Crete, which was still free. “With no practical experience in the military, I took part in the Battle of Crete.” JAKU KIKUCHI, FROM TSUKUBA-SHI, JAPAN “All these American planes would fly over and bomb us. When the Japanese airplanes met them in the air, the Americans would shoot them down. I do remember being very scared then.” _Images (c) Sasha Maslov from _Veterans: Faces of World War II_ (c) 2017, Princeton Architectural Press._ -- 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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A GREEK court ruled Wednesday against Turkey's extradition request of three out of eight Turkish soldiers who fled to Greece last July following the ...
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A marble sculpture from the 1700s depicting a Greek god has been stolen. The neo-classical marble bust, of Apollo, the Greek god of music, was taken from a property in Crieff, Perthshire, last month. The sculpture is said to be around 2ft 6in. Police said ...
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So, did you know you could speak Greek? With over 150,000 words of Greek origin in English, this doesn't seem like such a crazy idea after all. I challenge you to spend a day of your life without coming across words of Greek origin. From the word akri ...
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After many seasons of globe-trotting Cruise shows (Cuba, Dubai and Rome—to name few), Karl Lagerfeld decided to go big and go home to Paris this season. Lagerfeld staged Chanel's Cruise 2018 show in its usual ready-to-wear show location, The Grand Palais ...
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Last year, Karl Lagerfeld took his guests to Cuba for Chanel's Resort collection. This year, the designer brought it back to home base: the Grand Palais in Paris. The theme, however, was not Parisian-inspired. Instead, guests arrived to a scene straight ...
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We’ve lost count of which one it is, but Greece has another bailout deal. Like all the ones that came before it, it is supposed to be the last one, a final injection of other people’s money in exchange for wringing a little more lifeblood from the ...
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Days of Our Lives (DOOL) spoilers tease that a grand adventure awaits! Chad (Billy Flynn) will decide he needs a break from all the drama with Abigail (Marci Miller). He wants her back, but he’ll grow increasingly concerned about her bond with Dario ...
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The ancient Chinese practiced copromancy, the diagnosis of health based on the shape, size and texture of feces. So did the Egyptians, the Greeks and nearly every ancient culture.
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The markets are full of presumptions. They are often incorrect. They are generally manufactured, and driven, by politicians touting their own particular wares in an attempt to bolster their positions to the detriment of market participants and investors.
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Dairy prices rise; US car sales fall; Trump suffers setbacks; GREECE to get debt relief; EU factories buzz; RBA more positive; UST 10yr yield at 2.29%; oil ...
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An offer for National Bank’s insurance business by Calamos and Exin will be hard to match, partly because of the cultural and commercial links they […] The post Calamos-Exin Predicts National Insurance Bid Hard to Match Due to Chiefs’ Greek Descent appeared first on The National Herald.
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