There's an old GREEK joke about a housewife who bought two washing machines just to have somewhere sturdy to place her washboard and basin.
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How the world sees Greece
Saturday, July 29, 2017
The stowaway who failed at dual citizenry, too
… with the officers of a Greek ship, I inquired about sailing … , but that night on the Greek ship a crazy plan was …
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Greek ambassador Tsoukas completes his tenure in Azerbaijan
… Elmar Mammadyarov has met with Greek ambassador Dimitrios Tsoukas who is … utmost to develop relations between Greece and Azerbaijan. The ambassador thanked …
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ASIA/LEBANON
… as new Primate of the Greek-Melkite Catholic Church, and also Orthodox …
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Pops for breakfast? These are...
… /2 cup plain low-fat Greek yogurt 2 tablespoons low-fat milk …
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Family's 110 Year Movie Legacy Continues with "The Centenarian"
… Alexander (Alexopoulos), emigrated from Mykines, Greece in 1898. "The movie …
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Eastbourne couple in holiday earthquake terror
… major earthquake which struck the Greek holiday island of Kos. Philip … stretched from Turkey to the Greek islands.
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What would it take for an American guy to become Danish?
… , briny, oxidized rosé from a Greek producer, Ligas. It’s bizarre …
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7 facts to live every week like it’s Shark Week
… the world, according to a Greek system called the Golden Ratio … come closest to the ancient Greeks' idea of perfection, according …
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TRNC will take positive steps for its future
… ’s reactions. Stating that the Greek Cypriot side had shown that … said “it’s obvious the Greek Cypriot’s understanding of a … collapsed”. He noted that the Greek Cypriot side’s proposal for …
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Guilds' Churches in Bucharest
… by icons painted by a Greek painter in 1853." These …
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July 24-29
… whole. The USA, Germany, Spain, Greece and the Netherlands are also …
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'Cracking down:' Blitz on retirement villages underway
… ' dad was born in Greece prompting concerns she inherited his …
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Scarlett Johansson on Sifnos for holidays
Johansson is included in the long list of foreign celebrities that this year preferred Greece to spend their holidays. According to sources, the Hollywood star arrived on Sifnos a week ago. Source: amna-mpa
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Netflix Original Movie Review: You Get Me Is Pure Trash
… . Sort of like a digital Greek Chorus. However, for all the …
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Bill King to receive prestigious award from baseball HOF
… Twitter: www.twitter.com/Greek1947
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The Demons! The Demons! Replying to Armstrong on Biblical Contradictions
… ] Gadara was a center of Greek culture in the region, considered …
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Mitrovic on borrowed time and the real story on Samaris
… Samaris - despite reports in Greece and Portugal Make no mistake … target. According to reports in Greece and Portugal the deal was …
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Priyanka Chopra is executive producing a TV show about a Bollywood star
… the world, according to a Greek system called the Golden Ratio … come closest to the ancient Greeks' idea of perfection, according …
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NSW government announces reforms and inquiry of retirement village standards
… ' dad was born in Greece prompting concerns she inherited his …
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Wow Air
We are wondering if anyone here has spent time visiting Greece in mid-late september? Also experience flying Wow Air? Curious about crowds and temps? is it getting too windy and cool to go that time of year? also - has anyone flown Wow Air business class?
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There's a hidden cost to paying in your home currency when you use your credit card overseas
[Greece tourists]Ivan Mateev/Shutterstock A record number of tourists and business travelers visited another country in 2016, and this year is already on pace to exceed that tally. One thing you definitely need when traveling abroad besides a passport is local currency, such as euros in Europe, yen in Japan or rubles in Russia. In the past, travelers would typically withdraw what they need from an ATM in the country they’re visiting or simply use a credit card, letting their bank calculate the cost in their home currency at roughly the market rate. There was usually also a foreign transaction fee. Increasingly, however, retailers, restaurants and ATMs are offering travelers the option to pay or withdraw money in terms immediately converted into their home currency. Companies offering the service call it “dynamic currency conversion.” For example, an American tourist visiting Paris is able to use her credit card to pay for a fancy meal at a French bistro in U.S. dollars, instead of euros. This may seem innocuous – or even convenient – but agreeing to use your home currency in a foreign land can significantly inflate the cost of every purchase. Thinking a bit more like an economist can help you avoid this mistake, and save a lot of money. SURGE IN TOURISTS A century ago, international travel was only for the rich. These days, almost anyone from an industrialized country can see a bit of the world on a budget. While people commonly complain about “high” airfares, the real cost of flying has never been less expensive – it’s half what it was in the early ‘80’s – or safer. And that’s one reason why a record 1.24 billion people visited another country in 2016. Naturally, financial firms have sought to capitalize on all this wandering by inventing ever more ways to separate travelers from their hard-earned money. BUYING THINGS ABROAD Tourists rely on credit, debit or ATM cards to pay for hotels, restaurant meals and local trinkets. A complex international computer network checks if a card is valid for the transaction and transfers the money. Traditionally, to help pay for this, banks and credit card companies have charged customers a foreign transaction fee. [A man uses an ATM outside a branch of Lloyds Bank in central London October 28, 2014. REUTERS/Andrew Winning ]Andrew Winning/ReutersHowever, banks are now offering more cards with no foreign transaction fees. At the same time, “free ATMs” are popping up around the world that don’t charge local transaction fees (though your own bank may still do so). So how do banks cover the costs of these transactions if they are increasingly letting consumers use the system for free? One way is offering the option to pay in a user’s home currency. Even some bankers warn against consumers doing this because the exchange rate used is much worse than the one your bank would offer. For example, say you’re a Spaniard visiting New York City and shopping for some clothes at a department store. After scouring the store for the right sweater for your mother, you go to the cashier to pay the US$50 bill (tax included). After you swipe your Spanish credit card (which boasts no foreign transaction fee), the cashier asks if you’d like to pay in euros instead of dollars. If you stick with dollars, your bank would convert the price into euros at about the market rate, €43 at the moment. If you choose to pay in euros, however, the currency conversion includes a fee for the privilege, which may be as much as 10 percentage points. So you might end up paying about €47 instead. The same thing happens with ATMs. I was recently in London’s Heathrow Airport and needed some British pounds. In the old days, an ATM would simply offer a few denomination options, issue me money and my bank at home would eventually calculatethe cost in U.S. dollars. Instead, the airport ATM asked me if I wanted to lock in the exchange rate and know exactly how many dollars would be debited from my bank account. I wanted £100 and tried two different ATMs. The currency rate offered in dollars ranged from almost 4 percent to 10 percent more than what my bank charged (or about $134 to $142). I rejected both offers, did the transaction in the local currency and ended up with a total charge of just $129 from my bank. I have observed numerous international travelers as they made this choice, such as an Italian family arguing about it at the next ATM, and most chose the dynamic conversion into their own currencies. So why do travelers pay more by accepting a worse exchange rate when they could simply say no? THREE FUNCTIONS OF MONEY Economists consider any item as money if it performs three different functions: unit of account, store of value and medium of exchange. Two out of three explain why so many international travelers act the way they do. The first function of money is a unit of account, which is how people post and keep track of prices. This is why banks and credit card companies get people to agree to pay in the currency where they live, instead of using local money. [street market italy]Flickr/tee.kayWhen people travel to a country with a different currency, they often mentally keep track of their spending using their home currency, converting all prices in their heads as they shop and eat. If an ATM or credit card terminal asks if you want to pay for something in the currency you use as your unit of account, your brain says yes. Money also acts as a store of value. Items used as money provide the ability to make purchases now and also in the future. At the end of a trip, travelers not planning on returning to a country tend to spend leftover money in airports buying things they don’t really want. They don’t want to hold onto foreign bills since they are not a store of value. For the same reason, they prefer to be charged in their home currency when getting money from an ATM. Money is also a medium of exchange, which is anything readily acceptable as payment to buy or sell goods and services. This is why people have to convert money when they travel abroad. In New York City, a dollar bill is a medium of exchange for food, drink or a ride on the subway. However, those dollars are not a medium of exchange in, say, China, where waving a wad of greenbacks would mostly get you stares. And that’s why travelers must convert money from one currency to another. HOW TO SAVE MONEY ABROAD When faced with an ATM or credit card machine that asks if you want to convert to your home currency, I recommend you decline, especially if you went to the pain and effort to ensure you have a card or bank with no extra foreign exchange fees. Even if you don’t have one, and your debt card charges a fee, in most cases it still makes sense to use the local currency. An exception to this rule, of course, is if your bank or credit card charges a very high fixed foreign exchange fee and you need only a little bit of money. If this is your case, then saying yes might save you money even if you get a poor exchange rate. The main thing is: Think it through! Resist your natural inclination to say yes just because it makes you feel comfortable. Don’t be fooled when asked if you want to complete a transaction using your home currency. Using the local currency can save you money, making your next trip abroad less costly. NOW WATCH: JIM ROGERS: The worst crash in our lifetime is coming
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Exploring Athens on the cheap
The light installation at Ambelokipi is by GREEK-American abstract artist Stephen Antonakos, while two installations by pioneering sculptor Takis can be ...
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Fragility of Freedom – We Have Your Six, President Trump
Or you can just fritter your freedom away while squabbling with your neighbors, like the ancient GREEKS did. Pericles concluded that every man in ...
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Greek Independent Authority Sets 35 Million Euros Price for a TV Licence
The National Council of Radio and Television (ESR) has set the starting price for each of seven national television content licences put up for auction at 35 million euros – or 245 million euros in total. In a letter sent to Digital Policy and Media ...
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Reports that Turkey intends to hand Varosha over to the UN
… areas to be returned under Greek Cypriot administration. At the very … not be returned unless the Greek Cypriots allowed the opening up …
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The safest and most dangerous holiday destinations for summer 2017
… common problem reported is pick-pocketing. Greece (Image: Hulton Archive/Getty … . High profile British interests in Greece should be vigilant and regularly … explosives and automatic weapons against Greek institutions, shopping malls, media interests …
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Why the super-rich do their shopping in Old Trafford...
… travelled the world together from Greece, America and Israel to Russia …
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US asks Europeans to extradite Russian hackers
… hotel near Ouranoupolis in northern Greece — an area popular with Russian …
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Sitar announces Q2 Central Jersey transactions
… also carries Greek cheeses, olives, Greek wine and spirits and other Greek products … to their offerings. Hailing from Greece, he feels that the modern … (Greek cream-filled puff topped with melted Greek dark chocolate) and Loukoumades (Greek honey …
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Grocery stores are moving into dying suburban shopping malls to save them
… Everett Mall in Washington to Greece Ridge Mall in Rochester, New …
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See what others don’t
… in. The word, metanoia in Greek, implies we’ve experienced a …
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Spirits of N.J.: Swig and stroll in New Hope at these 4 bars
… also carries Greek cheeses, olives, Greek wine and spirits and other Greek products … to their offerings. Hailing from Greece, he feels that the modern … (Greek cream-filled puff topped with melted Greek dark chocolate) and Loukoumades (Greek honey …
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20 Things To Look Out For In The New Football League Season
… cleared of match-fixing allegations in Greece. Marinakis, who also owns Olympiakos …
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Millie Mackintosh strips completely NUDE in racy selfie
… boutique hotel Kenshō on the Greek island, Millie chose to ditch …
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James Packer quietly severs business ties withScientology
… billionaire's yacht in Greece in September. Sources close to …
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The world's most profitable companies
… ; On the other hand, "Greek banks, Spanish banks and Italian …
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Greek Foreign Ministry condemns Turkish Attempts to Convert UNESCO World Heritage Site Hagia Sophia to a Mosque
“We condemn the Quran reading and holding of prayers in Hagia Sophia, which was attended by the head of Turkey’s Directorate for Religious Affairs and broadcast by Turkey’s state television channel, IBNA reports. Hagia Sophia is a UNESCO world heritage …
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Judge allows Chicago-area sweetened beverage tax to begin
… 1:28 a.m. Athens, Greece - July 28, 2018 at …
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George Clooney 'more protective than ever' since his kids' birth
… the world, according to a Greek system called the Golden Ratio … come closest to the ancient Greeks' idea of perfection, according …
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12 Reasons to Visit Patmos
One small Greek island, yet so many different sides!
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Traditional Greek Music and Belly Dance
Enjoy an evening of traditional Greek Music and Belly Dance with Gypsy Caravan featuring Bouzouki, Vocals, Lauto and Clarinet from 6pm to 9pm. For reservations call: 210-403-0565 John the Greek Restaurant 16602 San Pedro Ave 78232 in the Park Oaks Center ...
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Well-known Greek Warriors That Make Spectacular Greek Warrior Tattoos
Are you making an attempt to get a excellent Greek warrior tattoo but won’t be able to look to discover the appropriate style? Not even guaranteed which warrior you want the tattoo to mimic? A single of the toughest factors about acquiring the ...
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Jaws Drop in Greek Restaurant as Scarlett Johansson Walks In
A fish restaurant in the island of Sifnos, had the opportunity to serve one of the biggest stars of Hollywood. Scarlett Johansson appeared for dinner at the Omega3 restaurant in Platis Gialos, a popular resort in the island. Jaws dropped when the actress ...
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Face-off over OLP board meeting location
The first conflict since the privatization last year of Piraeus Port Authority (OLP) has emerged between the GREEK state and Chinese group Cosco, the ...
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GREEK water polo team ends up fourth at Worlds
The Serbs won 11-8 thanks to their prolific attack at the start of the game, while the GREEK defense was not as efficient as against Hungary in ...
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Socialists hold traditional meeting at Mount Buzludzha
… deliver a speech. Guests from Greece, Romania and Macedonia are expected …
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Documentary on former hoop star Neumann's life provides a cautionary tale
… ) plus stints in Belgium and Greece, Cyprus and Kuwait, Lebanon and … year honors also came in Greece and Cyprus, with five total …
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These once-classic baby names are at risk of going extinct
… Origin: Greek Meaning: Follower of Christ 4) Krista Origin: Greek Meaning: Follower … Origin: Greek Meaning: The tree/victory 3) Myrtle Origin: Greek Meaning … ) Homer Origin: Greek Meaning: Promise 5) Homer Origin: Greek Meaning: Promise Photo …
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Grace Knight: My son helped me reconnect with my father
… remarried and was living in Greece when I took my son … life I would go to Greece and look after him, take …
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