Greece and the economic crisis 2017
NEWS ARCHIVE - Sept 8 - Sept 17
September 17, 2017
“When I came here I didn’t know anything about the Greek asylum system,” said Hassan, who passed his asylum interview and has remained on the island, helping to distribute SD cards to more refugees.
“This is the first time things have been clearly explained.”
Greece Hopes to Clear Next Bailout Review This Year, Pappas Says - bloomberg
"...Euro-area nations in July approved the release of 8.5 billion euros ($10.2 billion) to Greece under an 86-billion euro bailout. The review process for that installment dragged on for months as Greece, its European creditors and the International Monetary Fund squabbled over the country’s debt-reduction plan."
At Athens Democracy Forum, NYT chief explores failing trust in politics, media - eKathimerini
"...In a discussion with Kathimerini’s executive editor Alexis Papachelas on the third day of this year’s Athens Democracy Forum on Friday, the president and CEO of The New York Times, Mark Thompson, explored the challenges posed by failing public trust in politicians and the media."
September 16, 2017
"Euro-area nations in July approved the release of 8.5 billion euros ($10.2 billion) to Greece under an 86-billion euro bailout. The review process for that installment dragged on for months as Greece, its European creditors and the International Monetary Fund squabbled over the country’s debt-reduction plan.
Greek officials hope to avoid similar delays in the upcoming review under the euro-zone program, said Digital Policy Minister Nikos Pappas"
Greece fumbled oil spill response: environment groups - Yahoo
"This leak happened near the country's biggest harbour, just miles away from the operation centre of the ministry tasked with addressing such disasters," Dimitris Ibrahim, campaign director at Greenpeace Greece, told news portal in.gr. Adding insult to injury, the amount of oil in question was "relatively small," Ibrahim said.
Greece warned over trial of former statistics chief - Financial Times
"Mr Georgiou has so far faced six closed-door deliberations by the supreme court and four open trials over claims that he inflated the size of the budget deficit in 2009.
He has also faced linked claims that he damaged the country’s interests, violated internal procedures, defamed colleagues and continued working for his former employer, the International Monetary Fund, even after he joined Elstat."
September 15, 2017Greece struggles to mop up oil spill; critics demand more - sfgate.com
"Greek authorities insisted Thursday they were doing everything they could to clean up the viscous, foul-smelling oil that has coated large parts of Athens' coastline following the sinking of a small oil tanker."
Greece grants another permit for Eldorado Gold's Olympias project - ekathimerini
"Greece granted Canada's Eldorado Gold another permit for its Olympias mining project on Friday in an attempt to defuse tension with the Vancouver-based company which had threatened to halt investment in the country."
No EU for Turkey: European Commission President Juncker - protothema.gr
"European Commission President Jean-Claude Juncker gave his annual State of the European Union address at the European Parliament on Wednesday morning presenting his vision for the future of the Union. Mr. Juncker ruled the prospect of an EU membership for Turkey in the foreseeable future in his speech."
Condé Nast names Greek Islands the best in the world - neoskosmos.com
"The magazine's readers were asked to vote for their favourite place in the world, taking into consideration the things they love the most about travelling, including favourite countries, cities and islands, ski resorts, top hotels and spas, best airlines, airports, cruise lines and even villa rental companies and tour operators."
HCDCP: Avoiding bathing in the affected beaches - Naftemporiki
"After the autopsy, HCDCP recommends, as a first step, avoiding bathing on beaches affected by pollution due to the oil spill that formed after the sinking of the tanker "Agia Zoni II". "
Eurogroup: Concerns about the assessment and the prosecution of George Georgiou from ELSTAT - iefimerida.gr
"He stressed that Greece's exit from the excessive deficit procedure is on the right track. The Eurogroup chairman said the institutions had informed the Eurogroup about the situation in Greece and that there are technical stages in our country that are paving the way for the third evaluation to begin before the end of the year .
At the same time, as Daselblum pointed out, the issue of the former head of ELSTAT Andreas Georgiou was also discussed and the importance of the independence of the service was highlighted."
September 14, 2017Decline of 1.7 billion euros in revenue - Naftemporiki
"The primary surplus comes in under target for the period January - August 2017, according to provisional state budget execution figures, as it stood at € 3,550 million against a primary surplus of € 2,117 million for the same period in 2016, but a target for primary surplus of € 3,573 million."
Greece struggles to clean up 'relatively small' oil spill as black slick spreads - MSN
"Why the Agia Zoni II tanker sank remains mysterious. The vessel was anchored near the island of Salamis, and the ship's owners said the tanker was in seaworthy condition. The vessel spilled around 2,500 tons of fuel into the Saronic Gulf's waters. "How can a ship sink in the harbor in mild conditions?" Mitsotakis asked. Read more: The legacy of Deepwater Horizon: What researchers learned about oil spills 'Forgotten in a few days' Despite the government's promises of a quick cleanup, by Thursday the oil had spread from the Salamis' beaches to the popular and wealthy coastline near Athens. "
How can a coastline be wealthy? It can be popular, of course, but does a coastline have a wallot?
Prime ministers of Greece, Italy meet on Corfu - Seattlepi
Tsipras: "The message must be to update the rules we have because it is fair to stress once again that the burden of this phenomenon cannot be taken only by few countries such as Italy and Greece," he said.
Greece sells railway company to Italian state operator - eKathimerini
"Greece has agreed to sell its railways company to Italy's own state-owned operator for 45 million euros ($54 million) as part of its privatization drive."
September 13, 2017Miners protest threatened mine suspension in Greece - abcnews
"The miners from the Eldorado Gold mine in the Halkidiki region were seeking assurances for their jobs after Eldorado Gold said Monday it would suspend operations except for maintenance and environmental work on Sept. 22 unless licenses it said were pending were issued in time."
Blame game in Greece as oil spill spreads in Athens' Saronic gulf - Yahoo
"This is a major environmental disaster," said Salamis mayor Isidora Nannou-Papathanassiou, whose island is suffering the brunt of the damage. Government officials were holding an emergency meeting at the shipping ministry after the slick washed ashore near Piraeus, the country's biggest port.
Ancient Greece: Massive tomb holding treasure and mysterious 3,400-year-old body uncovered - Newsweek
"The burial tomb for the unknown Mycenaean measures a massive 138 square feet in size, the Greek Ministry of Culture said in a statement. Its partially collapsed gabled ceiling measures 11 feet in height making it one of the largest carved stone tombs to have been discovered from the period in central Greece"
Greece's mandatory milk labelling plan creates industry opposition - Justfood
"Evangelos Apostolou, Greece's Agriculture Minister, announced the plan on 7 September and the bill is due to be discussed in parliament. The European Commission confirmed to just-food Greece had originally notified the bill in September last year."
Investments facing problems at Halkidiki, Elliniko, airports - eKathimerini
"Wednesday and Thursday are crucial days for Elliniko, as forestry and archaeological authorities will respectively decide whether they will raise obstacles to the realization of the 8-billion-euro investment for the plot’s development."
"They could be even 4% lower if VAT and VAT increases were not made.
The big chains are continuing a tough prce war, even destroying their chance for profits in order to keep consumers, who are constantly restraining their purchases. But even this can they can not do it for all their products. Indeed, according to the HELCA survey, 35% of consumers are not satisfied with the prices on the shelves. As for business executives, while the overwhelming majority, 57%, says prices will remain stable by the end of the year, two out of ten expect further increases by December."
September 12, 2017European Court of Justice: "No" in the deletion of Member States debt - Naftemporiki.gr
" ... the Court of Justice has ruled that permanent debt cancellation is not covered by the Treaty provision which provides for the support of Member States."
No escape from debtors’ prison for Greece - Capital GR
"Alexis Tsipras is desperate to avoid “suffocating supervision” of Greece’s actions when the country’s third bailout programme ends next August. At the weekend, he promised as much..."
Greece: Crews cleaning up pollution from sunken tanker ship - ABC
"The Agia Zoni II sank Sunday while anchored off the coast of Salamina, near Greece's main port of Piraeus, with a cargo of 2,200 tons of fuel oil and 370 tons of marine gas oil."
Earthquake faults may have played key role in shaping the culture of ancient Greece - phys.org
"Professor of Geoscience Communication Iain Stewart MBE, Director of the University's Sustainable Earth Institute, has presented several BBC documentaries about the power of earthquakes in shaping landscapes and communities.
Now he believes fault lines created by seismic activity in the Aegean region may have caused areas to be afforded special cultural status and, as such, led to them becoming sites of much celebrated temples and great cities."
"At this point, the IOM director in Athens, Daniel Esdras, devised a creative solution to encourage stranded migrants to take the difficult step to give up their European dreams, dreams for which they sacrificed time, money, self-respect, and perhaps endangered their lives, and instead to return to their homelands. The solution, it turns out, is counterintuitive: treat them very, very nicely, with generosity and respect, then spread the word widely."
Tsipras: Greece responded to refugee crisis in Europe with solidarity and dignity - focus-fen.net
"..."The only way to protect our country is to do all we can to ensure that vulnerable social groups and refugees have access to healthcare," he said."
One of largest Mycenean-era carved tombs found in Greece - sina.com
"...Dated back to the middle of the 14th century B.C., it is the ninth-largest chamber tomb out of roughly 4,000 excavated in the last 150 years, according to an e-mailed press release."
September 11, 2017Canadian Mining Firm Threatens to Suspend Greece Investment - usnews.com
"One of Greece's largest foreign investors, Eldorado operates mines in northern Greece that have faced vehement opposition from parts of local communities on environmental grounds, with protests often turning violent.
"This decision is not one that we have taken lightly," Eldorado President and CEO George Burns told reporters in Athens, noting the company has made a $3 billion-investment in the country."
Greece: IMF needs to decide on bailout - seekingalpha.com
"The IMF must decide by year-end if it will fully participate in Greece's current bailout, Prime Minister Alexis Tsipras told reporters in Thessaloniki, stating Athens will be financially independent by 2018 and without supervision from its creditors."
September 10, 2017
"Halting accession talks with Turkey would be a strategic mistake by the EU, Greek Prime Minister Alexis Tsipras said Sunday as a war of words raged between Berlin and Ankara.
During a recent election debate both Germany's Chancellor Angela Merkel and her Social Democratic rival Martin Schulz endorsed ending Turkey's EU accession talks."
Greece, France sign development bank deal - worldbulletin
“Today we can say with certainty that the country is turning a page," Greek premier Alexis Tsipras said in his address at the Stavros Niarchos Foundation Cultural Centre.
Tsipras said unemployment had dropped to 22.1 percent but insisted this remained unacceptable for an EU and Eurozone member.
Tsipras: Financial space and the IMF - Naftemporiki
"Regarding the IMF's retirement from the program, [Tsipras] assured that "we can live with the IMF as long as their is agreement, and of course without it". "What we can not do is live with the IMF to have one leg in the program and the other outside" he pointed out.
"The crucial question is whether it will be financially involved in the program, as long-standing uncertainty is not good for anyone," he said, referring to a effects of a partner's trustworthiness."
September 9, 2017Macron ends Greek visit with surprise stroll through town - latimes.com
"Greek police, apparently caught by surprise by the unscheduled walk, blocked major streets leading to the city center, leaving motorists and passengers in public transport stranded for about 45 minutes."
...Speaking with the ancient Acropolis as a backdrop, he urged the European Union to carry out six-month national reviews on EU reforms before imposing them."
Flares blaze in the sky at firefighters and police demand fairer pay in Greece - rt.com
"Police and firefighters took to the streets of Thessaloniki, the second-largest city in Greece and the capital of Greek Macedonia, to call for a number of demands including fairer pay, a fully-funded pension system and more equipment supplies. The demonstration marks the upcoming Thessaloniki International Trade Fair which Greek Prime Minister Alexis Tsipras is scheduled to attend."
Macron Warns Not To Push Greece Toward Non-EU Investors - eurasiareview.com
"During a visit to Athens, Macron stressed that Greece was now climbing out of the crisis and that the French business community would take an active part in this effort.
“If there is no solidarity, we don’t have an ambitious European project […] I am not pleased when we have no European investment in Europe,” the French president said and added that “we should not push Greece to choose non-European investments” as has been the case in the past."
'The first round of elections is set to be held on November 5, while a runoff vote has been scheduled a week later. The party aspires to occupy the political space between ruling SYRIZA and the conservative New Democracy opposition."
September 8, 2017Greece 'ready and determined' to exit bailout in 2018 - Business Insider
"Greece's third EU/IMF bailout since 2010 is due to expire in August 2018."
Invest in Greece, you won't regret it: Tsipras - MSN
"Tsipras said attracting investment was a priority for his leftist-led government, which aims to reduce the jobless rate, the euro zone's highest, and make Greece financially independent in 2018, when the country's third international bailout expires."
New figures from ELSTAT - ELSTAT
- Inflation: 0.9% August 2017
- Gross Domestic Product: 0.8% 2nd Quarter 2017
- Unemployment: 21.2% June 2017
- Exports: 6.5% July 2017
- Retail Trade: 3.9% June 2017 - Volume index
- BUilding Activity -17.8% May 2017 - Volume in thousands m3
Greece HICP Inflation Eases In August - Forex
"The harmonized index of consumer prices, or HICP rose 0.6 percent year-over-year in August, slower than the 0.9 percent climb in July. The measure has been rising since December 2016."
A Greek malady: Too many doctors, too few GPs - ekathimerini
"...It is no coincidence that, today, about 17,500 Greek doctors work outside the country. The irony is that, in spite of the surplus of doctors, the ongoing financial crisis has left the National Health System (ESY) with shortages of doctors and health professionals. It is estimated that there are up to 6,000 vacant posts for doctors at Greek public hospitals. At the same time, unlike other European countries, there is a shortage of general practitioners, or family doctors – a fact which reflects the state of primary healthcare in Greece."
Four Seasons Announces First Greek Property at Famed Astir Palace in Vouliagmeni - pappaspost
"...Located 16 miles south of central Athens in the swanky seaside neighborhood of Vouliagmeni known as the Athens Riviera, the new hotel will bring Four Seasons signature service to Greece for the first time."
Over 500 Greeks commit suicide on annually, data shows - Protothema
"The number of Greeks who have taken their lives in the past 5 years has been on a steady rise, according to official data by the Hellenic Statistical Authority (ELSTAT) available till 2014 and figures released by the latest trends from the World Suicide Prevention Day."