Greek National Opera Receives 20 Million Euro Grant from Niarchos Foundation

This week, the Stavros Niarchos Foundation (SNF) has granted 20 million euros to the Greek National Opera (GNO), which recently moved into its new opera house at the Stavros Niarchos Foundation ...

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Ryanair strands 201 passengers in Romania instead of Thessaloniki

Dozens of Ryanair passengers were shocked to find themselves in Romania instead of Greece on Friday night. The plane from London to Thessaloniki landed in Timisoara airport in west Romania on Friday evening, as the pilots could apparently not land in Macedonia airport in Northern Greece due to low cloudiness. But this was not the only … The post Ryanair strands 201 passengers in Romania instead of Thessaloniki appeared first on Keep Talking Greece.

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Minos Zombanakis: The “father” of the Libor bank rate

The legendary Greek banker passed away on December 22

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Say goodbye to tea and carrots: 80% of British food is imported so there will be food shortages if there's a no-deal Brexit, HSBC tells clients (TSCO)

[CARROTS] * MOST PEOPLE THINK BRITAIN ONLY IMPORTS ABOUT 50% OF ITS FOOD. BUT THE REALITY IS THAT 80% OF FOOD IS IMPORTED, INCLUDING BASICS SUCH AS CARROTS AND TEA. * UNDER A NO-DEAL BREXIT, "ANY SLOWDOWN WOULD LEAD TO SHORTAGES OF LORRIES, DRIVERS AND FOOD," HSBC IS ADVISING ITS CLIENTS. * BRITAIN'S FROZEN-FOOD STORAGE FACILITIES ARE ALREADY AT 100% CAPACITY. Britain may not be prepared for leaving the EU without a trade deal but the retail analysts at HSBC certainly are. And they are saying it will be worse than most people think. In a research note to clients dated January 3, HSBC analyst David McCarthy and his team wrote, "It is widely believed that 50% of food is imported into the UK," he wrote. Among Conservative party members, 76% believe warnings about a no-deal Brexit are "exaggerated or invented, and in reality leaving without a deal would not cause serious disruption," according to a recent YouGov poll. The 50% statistic underrepresents the reality, McCarthy says. In reality, "80% of food is imported into the UK," he wrote. The lower number "defines food processed in the UK as UK food, even though the ingredients may have been imported. For example, tea is processed in the UK, but we grow no tea — it is all imported. When ingredients are counted as imported, the real figure is over 80%." Food shortages would happen within days of Britain's current customs arrangements becoming defunct. "As one ex CEO said at our Chairman’s Conference in November: 'Carrots for sale in the supermarket on Thursday were in the ground in Spain on Monday,'" HSBC said.  READ MORE: _Britain enters the 'Greek fallacy' phase of Brexit._ Carrots will stay fresh if you keep them chilled, of course. But the UK's frozen food storage capacity is already 100% used, according to various press reports. "In preparation for a worst-case scenario, retailers and suppliers have been stockpiling in the UK and press reports have highlighted that there is now no unused frozen food capacity in the UK," HSBC says. NO DRIVERS, NO FOOD It gets worse. "Much of the food industry is staffed by overseas workers and a major labour shortage could hurt the sector. For example, there is a shortage of Heavy Goods Vehicle (HGV) drivers, with many HGV drivers in the UK coming from central Europe. As one CEO said at our CEO Forum in 2017: 'UK distribution would grind to a halt if free movement of labour was halted and truck drivers went home,'" McCarthy's team wrote. (HSBC did not immediately return multiple messages requesting further comment.) "As the supply chain is finely balanced, any slowdown would lead to shortages of lorries, drivers and food." Of course, the HSBC team sees a silver lining. Of all Britain's major food retailers, it sees Tesco as best-placed to handle the chaos and thus McCarthy's team rates TSCO — down 24% from its most recent high last August — as a "buy." SEE ALSO: THE UK HAS NEVER BEEN MORE AGAINST BREXIT AND THE CHANCE OF A SECOND REFERENDUM HAS NEVER BEEN GREATER 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

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Pastitsio in NY Times Causes Uproar, Plus a Recipe

There are few recipes that are so beloved in Greek cuisine as pastitsio. The iconic dish, featuring pasta (Misko, Pastitsio #2), ground meat, and bechamel […] The post Pastitsio in NY Times Causes Uproar, Plus a Recipe appeared first on The National Herald.

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Greek-American Stories: It is Just Politics!

Hi! I wish to thank you folks for electing me as your representative. Because I promised to be up front with you and because there’s […] The post Greek-American Stories: It is Just Politics! appeared first on The National Herald.

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My Relatives are Missing

Greece and Turkey signed an agreement “respecting the reciprocal restitution of interned civilians and the exchange of prisoners of war”’ at Lausanne, on January 30, […] The post My Relatives are Missing appeared first on The National Herald.

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