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Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Thursday, July 26, 2012

Syriza, KKE, demand explanations on status of ATEbank

Main opposition parties Syriza and the Communist Party of Greece (KKE) called on the government to state its intentions with regard to ATEbank (Agricultural Bank) on Thursday.

Eleven Syriza MPs signed a letter to the parliament president, asking for the immediate convening of parliament's standing committee on economic affairs, in order to be briefed by Finance Minister Yannis Stournaras on the committee’s intentions regarding the bank.

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Greece starts crucial talks with debt inspectors

European Central Bank's (ECB) Klaus Masuch, right, and European Commission's director Matthias Mors, left, arrive for a meeting between Greece's new finance minister Yannis Stournaras and the debt inspectors from the European Central Bank, European Commission and International Monetary Fund, known as the troika at Greece's Finance ministry in Athens, Thursday, July 26, 2012. Inspectors overseeing Greece's faltering financial recovery return to Athens as the country again has its back to the wall.(AP Photo/Thanassis Stavrakis)International debt inspectors started new talks Thursday with the Greek government that will determine whether the country keeps receiving vital rescue loans or is forced to default and potentially leave the common European currency union.



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Greece starts crucial talks with debt inspectors





ATHENS, Greece (AP) — International debt inspectors started new talks Thursday with the Greek government that will determine whether the country keeps receiving vital rescue loans or is forced to default and potentially leave the common European currency union.

Later Thursday, European Commission President Jose Manuel Barroso will hold talks with Prime Minister Antonis Samaras during his first official visit to Athens since mid-2009, when Greece's acute financial crisis broke out.

Talks with the EU, IMF and ECB inspectors — commonly known as the troika — are focusing on the progress of a program of stringent spending cuts and other austerity measures imposed on Greece as a condition for two international bailouts keeping the country solvent.

Samaras, whose conservatives head a three-party coalition government, discussed the proposed cutbacks with his junior coalition partners before his meeting with Barroso.

Analyst Martin Koehring, from the Economist Intelligence Unit, said Samaras'month-old government faces major political risks as it has promised to renegotiate the bailout terms.


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Country to submit plan to lenders after political OK

The country will submit its plan to cut 11.7 billion euros over the next two years to the troika of foreign lenders after political leaders approve the measures later on Thursday, a Greek finance ministry official said.

"No issue has been closed with the troika. There's goodwill and we're on a good course," the official said after a meeting between the finance minister and visiting troika officials.

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Austerity inspectors start crucial talks in Athens

ATHENS, Greece (AP) — International debt inspectors started new talks Thursday with Greece's month-old government that will determine whether the financially crippled country keeps receiving vital rescue loans or is forced to default and potentially leave the common European currency.

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Russian official attacks Olympics organisers for barring Belarus president

President of Russia's Olympics committee accuses Games of being political for banning Alexander Lukashenko

The Olympics opening ceremony hasn't even been held – and already the Russians are playing rough.

Alexander Zhukov, the president of Russia's Olympics committee, took to a newly created Twitter account on Wednesday to accuse the Games of being political for banning Alexander Lukashenko, the authoritarian president of ex-Soviet Belarus.

"The Olympics organising committee in London did not give Belarus President A. Lukashenko accreditation. Sport is outside of politics?" Zhukov wrote in a tweet confirmed by his press secretary.

"And what about Olympic values and traditions? Every schoolchild knows that in Greece a truce was agreed during the Games," he wrote in a second tweet.

The European Union issued a visa ban on Lukashenko, often referred to as "the last dictator in Europe", following a violent crackdown on protests against a contested election in late 2010. Local and international human rights groups have decried Lukashenko's refusal to broker dissent or a free media. He has ruled Belarus for nearly two decades.

"President Lukashenko is subject to an EU travel ban due to the part he played in the violations of international electoral standards in the presidential elections in Belarus on 19 December 2010, and the crackdown on civil society and democratic opposition that followed," a UK government spokesman said. "The EU travel ban is legally binding and will remain operational for the Olympics. We will not change our decision on this issue."

Lukashenko's office declined to comment on the ban. Meeting Belarus's Olympic athletes before they departed for London this week, Lukashenko issued characteristically tough warnings. "There can only be victory," he told the gathered athletes. "The most important thing is not taking part – but winning. This is my mandate to you on behalf of the Belarussian people."

More curious is why Zhukov, a top Russian official and close ally of Russia's president, Vladimir Putin, decided to open his comments on the Games with criticism of the travel ban. Zhukov's press secretary declined to comment on his motivations.

Russia's relations with the west have been steadily deteriorating since Putin accused western diplomatic and spy services of standing behind the protests that accompanied his return to the presidency earlier this year. His support for the regime of the Syrian president, Bashar al-Assad, has led to a further disintegration in relations.

Putin is expected to attend a judo event at the Olympics, during which he is expected to meet the British prime minister, David Cameron. Dmitry Medvedev, the Russian prime minister, is due to attend the opening ceremony on Friday.


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Bavaria's Finance Minister Calls for Greek Exit from Euro Zone


Bavaria's Finance Minister Calls for Greek Exit from Euro Zone
Wall Street Journal
BERLIN--Bavaria's finance minister Markus Soeder said that Greece should leave the euro zone instead of receiving more European support, he told a German radio station Thursday. "Because Greece can't or doesn't want to make it," Soeder told ...

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