How the world sees Greece
Instead of hiring more teachers to fill a shortage, Education Minister Aristides Baltas wants longer hours for educators, who are resisting. The post Greek Teachers Reject Longer Hours appeared first on The National Herald.
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Greek Prime Minister Alexis Tsipras proposed a referendum within his Syriza party, hoping to put to rest a growing split over whether to accept tough austerity measures that would be required in a new bailout deal.
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Loose papers in the cockpit of a Greek F-16 that crashed at a Spanish airbase could have sent the fighter jet into its deadly spiral, investigators found. The post Loose Papers Crashed Greek F-16 appeared first on The National Herald.
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WASHINGTON (Reuters) - The International Monetary Fund can participate in discussions over the latest financial rescue for Greece but cannot officially join the talks until after the fiscally beleaguered nation has agreed to comprehensive reforms, the Financial Times reported on Thursday.The FT report, citing a confidential summary it obtained of the IMF board's meeting on Wednesday, said that IMF staff had determined that while the Fund could participate in negotiations aimed at providing a third round of relief to Greece, the country was disqualified for any IMF bailout given its high debt levels and poor reform record."The Fund will only decide whether to participate during a 'stage two' after Greece has 'agreed on a comprehensive set of reforms' and, crucially, after eurozone bailout lenders have 'agreed on debt relief'," the FT reported, adding that IMF staff were not in full agreement on the issue.The decision means that an IMF decision on any further bailout for Greece could stretch for months and possibly into 2016 and raises questions about whether it will ultimately join euro zone efforts, according to the newspaper's report.The European Union, led by Germany, and the IMF had agreed on a new 86 billion euro aid package to keep Athens afloat, and negotiations on the package were continuing on Thursday. Greek Prime Minister Alexis Tsipras' government is seeking to wrap up negotiations in time for a major debt payment due on Aug. 20.Germany's representative to the IMF board said that Berlin wanted the Fund to move alongside European efforts and without it's parallel efforts now faced having to push through the bailout on its own in just weeks, the FT reported.(Writing by Susan Heavey; Editing by Chizu Nomiyama)Join the conversation about this story »
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Carlyle Group is sitting on a mountain of cash. The private equity behemoth, which has $192.8 billion in total assets under management, reported second-quarter earnings on Wednesday. It said it was holding $62.8 billion in "dry powder" — money it has raised but hasn't yet spent. The firm raised $4.7 billion in the quarter, according to a note from UBS, with new funds in the pipeline. Great news, right? The thing is, Carlyle doesn't look likely to invest those new funds any time soon. Despite all the fundraising in Q2, they only invested $1.6 billion. That's because Carlyle thinks the market is overvalued. Co-CEO Bill Conway laid it out in a call with investors: "There are several factors driving this year's cautious investment pace. Most importantly, we think prices in many asset classes are high." Of course, it's not just overpriced stocks on his mind. "Our caution is further driven by uncertainties in Greece, fluctuations in the Chinese stock markets, continued high levels of leverage, and the significant movement in energy prices," Conway said. Carlyle was hit hard by bad energy investments last quarter. Now, they plan to back out of energy for a while.SEE ALSO: One of Wall Street's biggest private equity firms got crushed by energy investments Join the conversation about this story » NOW WATCH: Billionaire John Paul DeJoria reveals the investment mistake that cost him over $1 million
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Alain Elkann sat down with Prince Michael of Greece and Denmark on the Greek island of Patmos. Prince Michael is an author and historian. They discussed his writing, the Greek crisis and the world of European royalty. Michel de Grèce sounds like a perfect ...
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Greek Prime Minister Alexis Tsipras said Thursday he would call for an emergency referendum within his SYRIZA Party, which is split over a bailout agreement that demands austerity reforms. “I propose to the central committee to hold an emergency congress to discuss being in power as leftists and what our strategy should be in the face
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