Former UC standout Sean Kilpatrick to play for Rick Pitino in Greece Sean Kilpatrick reportedly worked out last month for the NBA's Philadelphia 76ers. Check out this story on cincinnati.com: https:// ...
Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros
Wednesday, January 9, 2019
'Bad and unexpected': Germany probably just went into a recession
[germany fall crash] * GERMAN INDUSTRY WENT INTO A SUDDEN AND UNEXPECTED COLLAPSE IN NOVEMBER. THE DATA IS SO BAD SOME ECONOMISTS THINK IT MIGHT BE WRONG. * NONETHELESS, THEY AGREE THAT GERMANY MAY HAVE BEEN IN A RECESSION FOR THE LAST TWO QUARTERS OF 2018. * GERMANY IS THE LARGEST ECONOMY IN EUROPE AND THE FOURTH-LARGEST ON THE PLANET. SO THIS IS BAD. Germany may be in recession, economists said, after they trawled through an unexpectedly horrible set of industrial and manufacturing data published on Wednesday's from the world's fourth-largest economy. * German industrial production fell by -1.9% in November. * Year over year, production hit a low of -4.6% — the biggest trough since the 2008 crisis. * Germany’s exports fell -0.4% month over month in November, the government reported today. [germany] Suddenly, Europe is faltering. Germany is the largest European economy and its leaders have an outsized influence on the rest of the EU and the European Central Bank. A recession in Germany could easily drag down France and Italy — and the latter country is already likely in a recession of its own. Greece is still struggling to recover from its debt crisis and neighbouring Turkey also dropped into a steep recession, triggered by the devaluation of its currency. Here is what analysts are saying: "Even if order books and backlogs of work still look good, Germany likely flirted with a technical recession in H2. We have revised our Q4 GDP forecast to 0.0%." — Daniel Harenberg of Oxford Economics. "The decline was broad-based across sectors, with no bright spots: manufacturing fell by 1.8% m-o-m with the consumer goods sector once again being the major drag (-4.1% m-o-m vs. -3.3% in Oct.) ... Today’s data were both bad and unexpected. A technical recession in German industry now seems likely." — Stefan Schilbe of HSBC. "Germany likely was in recession in H2 2018 ... Yesterday’s manufacturing data in Germany provided alarming evidence of a much more severe slowdown in the second half of last year than economists had initially expected. Industrial production plunged 1.9% month-to-month in November, driving the year-over-year rate down to a decade-low of -4.6%. The headline was hit by a perfect storm across all sectors." — analyst Claus Vistesen of Pantheon Macreconomics. The collapse of German industry was so steep and so sudden that Vistesen told clients he almost doesn't believe the data: "The crash in the year-over-year rate is far in excess of anything remotely believable, at least using survey data as a yardstick," he told clients in a note seen by Business Insider. [Germany] SEE ALSO: EUROPE IS FALTERING AND: INVESTORS JUST PULLED OUT A RECORD $13 BILLION FROM THE SHAKY LEVERAGED-LOAN MARKET DON'T MISS: AUSTERITY HAS MEASURABLY DAMAGED EUROPE: HERE IS THE STATISTICAL EVIDENCE Join the conversation about this story » NOW WATCH: The equity chief at $6.3 trillion BlackRock weighs in on the trade war, a possible recession, and offers her best investing advice for a tricky 2019 landscape
Greek PM Vows No-Confidence Vote if Coalition Breaks Up
Greek Prime Minister Alexis Tsipras vowed on Wednesday that if SYRIZA’s coalition partner Independent Greeks (ANEL) leave the government over the Prespa agreement, he would seek a no-confidence ...
The economic climate has improved in Greece in 2018
The Economic Sentiment Index in December remained virtually unchanged and stood at 1016 points compared to 1018 points in November as announced yesterday by IOBE Institute of
5 billion euros e-commerce transactions from 4 million Greeks in 2019!
Four million Greeks are expected to buy online products services worth over 5 billion euros in 2019 according to the annual ecommerce prospects study conducted annually by the
FYROM PM Zaev: Greece cannot deny our “Macedonian” identity
FYROM parliament debates constitutional changes deriving from Prespes Agreement with Greece
Rare Snow Has Turned Greek Ruins Into a Winter Wonderland This Week
Reuters reports that the northern Greek city of Florina recorded an all-time low of minus-9 degrees Fahrenheit (minus-23 degrees Celsius). Meanwhile much of the country has seen temperatures dip 20 de...
Macedonia seeks final approval for name deal with Greece
Under the so-called Prespa agreement signed last June, Macedonia pledged to adopt the new name in return for Greece lifting its longstanding veto on the former Yugoslav republic’s ambitions to join th...
Pressure for reforms? Merkel to visit Greece with wrong agenda in her luggage
“German Chancellor Angela Merkel will urge Greece to press on with tough economic reforms and maintain strict fiscal discipline when she visits Athens on Thursday for the first time in nearly five years,” reuters reports a day before she arrives in Athens. Moreover, Merkel will encourage Greek politicians to support – read: vote in favor … The post Pressure for reforms? Merkel to visit Greece with wrong agenda in her luggage appeared first on Keep Talking Greece.
Snowy Greece sees temperatures plunge to -23C
Greece has been freezing in temperatures as low as -23C (-9F) as some of Athens' most famous monuments got a dusting of snow. The -23C figure was recorded in the northern city of Florina and led ...
Greece plummets to record -23C as European cold snap sees 'enormous' dumping of snow
Northern Greece saw an all-time low of -23C on Tuesday, which was recorded in the city of Florina - disrupting roads, rail and bus services.
Macedonia lawmakers in final debate on renaming country
Macedonian lawmakers enter the last phase of debate on constitutional changes renaming the country North Macedonia as part of a deal with neighboring Greece to pave the way for NATO membership.
Ski Slopes of Greece Fully Operational and Accessible
Ski centres throughout Greece are open and fully operational, with snow coverage at 100 percent, a member of the Ski Centres of Greece Union Iraklis […] The post Ski Slopes of Greece Fully Operational and Accessible appeared first on The National Herald.
EU is abandoning vulnerable migrants in Greek refugee camps: Oxfam
Vulnerable refugees and migrants including pregnant women and children are being “abandoned” in refugee camps on Greek islands, according to an Oxfam report. In the report titled Vulnerable and Abando...
Greece among most welcoming places on earth, say booking.com customers
Greece has been included on the list of the 10 most welcoming places on earth, which was recently released by Booking.com, one of the world’s leading digital travel platforms, based on its 2018 Guest Review Awards. In its seventh edition, the annual awards honors a total of 759,845 properties across 219 countries and territories. Based … The post Greece among most welcoming places on earth, say booking.com customers appeared first on Keep Talking Greece.
Ski Resorts in Greece Enjoying Bountiful Snow
The recent severe weather and heavy snow impacting Greece has caused widespread havoc throughout the country for the past couple of weeks. But it is a much-welcomed sight for skiers, who are now ...
Greek police seize narcotics in berries sent from Brazil
ATHENS (Reuters) - Greek authorities have broken a drugs ring importing narcotics into the country as dehydrated ‘superfood’ berries implanted with cocaine, police said on Wednesday. Police in Athens ...
Merkel to press Greece on reforms during rare Athens visit
German Chancellor Angela Merkel will urge Greece to press on with tough economic reforms and maintain strict fiscal discipline when she visits Athens on Thursday for the first time in nearly five ...
No man ‘sponsored’ my trip to Greece, I work very hard for my money- Salma Mumin cries out
Few days ago, actress Salma Mumin served her fans and the media with some hot and breathtaking photos reminiscing her moments in Santorini, Greece last year. She posted some pictures of her moments th...
Stavros Niarchos Foundation Gives $23 Million to Promote Greek Opera: Grants Roundup
The Stavros Niarchos Foundation’s grant to the Greek National Opera will go in part toward promoting its work abroad. $6 million to New Skills for Youth, which will create and strengthen career-path p...
First batch of Greek kiwi fruits arrive in China
Even though China is a large kiwi fruit production country itself, it also imports kiwi fruit from other countries like Italy and Greece." On the first of January a new batch of Greek kiwi fruits arri...
Kiwis: Italy caught between New Zealand and Greece
The Italian green kiwi is right in the middle of a ‘cross-fire’: on one hand, the New Zealand produce is showing incredible results thanks to the monopoly regime and an aggressive marketing strategy t...
Storm ”Ypatia” Brings New Wave of Snow and Rain to Greece
A new storm system dubbed “Ypatia” began to affect regions all across Greece during the early hours of Wednesday, bringing storms, yet more snowfall, and extremely strong southerly winds to ...
Eurozone Unemployment Fell to 10-year Low in November
Unemployment in the eurozone fell in November, data showed on Wednesday, as joblessness in Europe neared pre-crisis levels, reports AFP. Eurostat said the jobless rate in the single currency area fell to 7.9 percent in November, a 10-year low and down from a revised 8.0 percent for the previous month. Unemployment in the euro area has been falling steadily since it fell below the symbolic threshold of 10 percent in September 2016. With the latest data, unemployment nears the average rate before the 2007-08 financial crisis, when it stood at 7.5 percent. At the worst of the ensuing debt crisis in 2013, unemployment reached a record 12.1 percent in the euro area. Among the 19 single currency countries, the lowest unemployment rate in November was recorded in Germany at 3.3 percent, according to Eurostat. The highest rate was in Greece with 18.6 percent in September, the latest available figure. Spain was on 14.7 percent. In the full 28 countries of the European Union, the unemployment rate stood at 6.7 percent in November, stable compared to a month earlier, Eurostat said. This remains the lowest EU-wide number since measurements began in 2000, with the Czech Republic, closely linked to Germany's economy, at a tiny 1.9 percent unemployment rate.
Greek far-left militants claim media group blast
Athens (AFP) - Far-left militants on Wednesday claimed responsibility for a bomb attack targeting one of Greece's leading media group in Athens last month. The Popular Fighters Group (OLA) said they h...
Man dies in snowed-in Evia village as medical help would not reach area
A 72-year-old man in one of the snowed-in villages in Evia suffered and stroke and died early Wednesday morning because medical help or transfer to a hospital was impossible due to harsh weather conditions. The man was living with his family in Stropones village where snow has reached a height of more than one meter. … The post Man dies in snowed-in Evia village as medical help would not reach area appeared first on Keep Talking Greece.
State of Greek Democracy Worst in the EU, Says New Study
Greece currently ranks at the very bottom of all Western European nations for the health of its democracy, according to a survey from the U.K.’s Economist Intelligence Unit (EIU). The nation of ...
Macedonia Lawmakers To Hold Critical Debate Over Name Change
Macedonian lawmakers WERE SET TO HOLD A CRUCIAL DEBATE on changing the country's name to settle a decades-long dispute with Greece, reported Radio Free Europe. Prime Minister Zoran Zaev has backed changing the country's name to Republic of North Macedonia, and is pushing for approval in the debate scheduled for January 9. However, he doesn't have a two-thirds majority in the 120-member parliament. That means he and his party need lawmakers from the opposition VMRO-DPMNE to back the effort. That happened in November when the name change process began. If parliament passes the change, Greece has promised to stop blocking Skopje's efforts to join NATO and the European Union. But even if the Macedonia approves the name change, it also still needs to be endorsed by the Greek parliament. Nationalist protesters were set to hold a demonstration on January 9, when lawmakers begin debating the measures.
Like Greece, Brexit negotiations leave the UK a rule taker from the EU
A lesson from Greece on why driving a hard bargain with the EU does not end well.
Africa: Pregnant Women, Children and Survivors of Torture Abandoned in Greek Camps As Screening System Breaks Down
Hundreds of pregnant women, unaccompanied children and survivors of torture are being abandoned in refugee camps on the Greek islands, an Oxfam report revealed today. It details how the system to ...
Greek Unemployment Falls; Still Highest in Europe
The Greek unemployment rate fell slightly to 18.6 percent of the workforce in September 2018 from a level of 18.9 percent in August, Eurostat said on Wednesday. In its latest report, released this ...
K-pop fans force apology after ‘racist’ remarks about BTS, EXO and Wanna One by Greek TV host
A television show host in Greece has apologised after making fun of the appearances of famous K-pop singers, including members of BTS, EXO and Wanna One. “I want to apologise to everyone who felt insu...
The extreme 'ultramarathon' where finishing is a win
When Greek messenger Pheidippides burst into Athens in 490 BC, having run the first marathon, he probably never imagined his superhuman effort would one day be considered passé. He may not have had time to reach that thought. The legend goes he collapsed and died upon delivering his news.
Greek Militants Say They Bombed Media Offices to Protest ‘Capitalist’ Agenda
he Group of Popular Fighters claimed responsibility for the Dec. 17 attack, which caused serious damage but no injuries, accusing the media of supporting austerity programs.
Turkey’s “Blue Motherland” Air, Sea Exercises Worry Greece
With tensions increasing with Greece in the Aegean and Eastern Mediterranean, Turkey said it will hold air and sea exercises – dubbed Blue Motherland – […] The post Turkey’s “Blue Motherland” Air, Sea Exercises Worry Greece appeared first on The National Herald.
Coroner Probes Refugee Death at Greek Island Camp, Oxfam Lashes Out
As a coroner was investigating the death of a 24-year-old man from Cameroon at the notorious Moria refugee and migrant detention center on the island […] The post Coroner Probes Refugee Death at Greek Island Camp, Oxfam Lashes Out appeared first on The National Herald.
SYRIZA Coalition With ANEL Cracking Over FYROM Name Deal
ATHENS – The fragile coalition between the ruling Radical Left SYRIZA and its junior partner, the tiny, pro-austerity, jingoistic Independent Greeks (ANEL) is on the […] The post SYRIZA Coalition With ANEL Cracking Over FYROM Name Deal appeared first on The National Herald.
High Hopes for Marijuana Grow in Greece
Smelling big revenues, Greece has issued two licenses to private companies to grow cannabis – marijuana – for medical use with another 12 set to […] The post High Hopes for Marijuana Grow in Greece appeared first on The National Herald.
Suspicious Package Possibly Found at Greek Consulate in Melbourne
SYDNEY — Several foreign diplomatic missions were evacuated in the Australian cities of Melbourne and Canberra on Wednesday after they received packages containing suspicious substances. […] The post Suspicious Package Possibly Found at Greek Consulate in Melbourne appeared first on The National Herald.
Greek bass, bream production outlook positive for 2019
Greek bass and bream farming can expect to see a continued rebound in 2019, as production capacity grows in the region, even as prices continue to fall, reports Ethnos. According to the Greek news sou...
Eurozone unemployment falls to decade-low 7.9 percent
Unemployment in the euro zone in November fell unexpectedly to its lowest rate in more than 10 years. But youth unemployment in Italy, Spain and Greece remains above 30 percent.
Greek MP opens exhibition on Turkey at European Parliament
Miltiadis Kyrkos, the vice-chair of the Delegation to the EU-Turkey Joint Parliamentary Committee, opened an exhibition called “Faces of Turkey: Civil Society” at the European Parliament in Brussels o...