Greece and the economic crisis 2017

NEWS ARCHIVE - Oct 1 - Oct 8

October 8, 2017

"The winners of the nine European groups qualify directly for Russia next year and the best eight of the nine runners-up play off for four more places."

"The group of anarchists gathered in the central Athens neighbourhood of Exarcheia, near the ancient Acropolis, to protest the alleged torture of a protester by police.

...While the protest was initially peaceful, as night fell it turned violent with the youths, wearing face coverings, pelting police officers with petrol bombs and stones."

"[Interior Minister Panos Skourletis.]...I think, obviously everyone realizes that the end of the program does not automatically mean that our lives are turning and going the same as it was before 2010. Obviously there will be a transitional period of control over the Greek economy,"

October 6, 2017

"Greece signed up to its first international bailout in 2010. Its third rescue package expires next year and the country needs foreign investment to help drive the economic recovery and job creation it will need to ensure it become financially self-sufficient."

"Greece on the other hand has risen four places in the global rankings to 106th, its highest since the crisis began."

"In line with generally accepted legal norms, the Russian request has priority, because Vinnik is a citizen of the Russian Federation. Such a verdict is all the more surprising in the context of the friendly atmosphere of relations between Russia and Greece," the ministry said..."

800 Million Euros to be distributed as Social Dividend by the end of the year - TaNea

[Last years amount was 630 million euros]

"The social dividend that will be distributed by the government to economically weaker population groups by the end of the year will amount to € 800 million, as Francis Kouttentakis has stated at the Radio Station "In Kokkino"."

"Speaking at the Thessaloniki Summit, Dimitriadis spoke of the continuous delays of operations at the gold mining sites in Skouries and Olympias, in northern Greece. The postponement of permit issuing have caused excessive financial damages to Hellas Gold, the subsidiary of Canadian company Eldorado Gold."

"Nearly 5,000 refugees, mostly Syrian or Iraqi families, crossed from Turkey in September - a quarter of all arrivals this year, UNHCR data shows."

"According to Fraport, domestic passenger traffic increased by 5.9 percent year-over-year last month, while international passenger traffic rose 12.6 percent..."

October 5, 2017

Greek Permit for Greece-Bulgaria Gas Pipeline to be Issued in 2018 - Greek Reporter

"The first step in the process of obtaining a building permit will be a decision for exemption from the rules for tariff, ownership and access to third parties, expected to be adopted by the regulatory authorities of both countries this month, and by the EU at the beginning of 2018, ICGB said in a statement on Wednesday."

"The agreement for the transfer of 75 percent of Greece’s biggest insurer to the Dutch-based company has a price of 718.3 million euros. "

"The European Commission will on Thursday examine the decision reached by Greece΄s Central Archaeological Council (KAS) about former Helleniko airport, a EU Commission spokesperson said."

"Until the Eurogroup in early November, we are committed to 80% of the evaluation and by the end of the year it has been completed ... The goal is to complete everything by June."

October 4, 2017

"The asset manager describes the country as “resurgent”, and argues that its successful return to financial markets after a review of its third bailout “will unlock significant investment demand”.

"The three-member panel of judges backed the U.S. extradition request for the 37-year-old, who was arrested while on vacation in northern Greece on July 25. Soon after the decision, Vinnik’s lawyers appealed to the Supreme Court on behalf of their client."

"Greece has only just started to come out of a recession that persisted for several years. The recession destroyed nearly 25 percent of the Greek economy and pushed unemployment up to approximately 28 percent."

October 3, 2017

"The bond is expected to have a three-year maturity..."

"Doctors of the World interviewed over 14,000 women treated at its clinics in Greece over three years and found fewer than 47 percent had access to antenatal care before it intervened."

"Government sources are said to be anticipating a decision by KAS that would lead to a section of the plot – the site of the capital’s former airport – being declared of archaeological importance while also allowing construction to proceed in the area."

"The 8 billion euro ($9.39 billion) project features prominently among privatization targets in the country’s 86 billion euro aid package."

"Greek economic sentiment climbed to 100.6 points in September, up from 99 points in August 2017 and 98.2 points in July 2017..."

October 2, 2017

"Greece has only recently begun to emerge from a multi-year recession that wiped out about a quarter of its economy and drove unemployment to nearly 28 percent."

"Drenched in history, culture, green landscapes and crystal clear beaches, the all-time favourite city of Nafplion has just been voted as the best city in Greece according to Culture Trip, an online media start-up with nearly nine million monthly readers, and global offices in London, New York, and Tel Aviv."

October 1, 2017

Joint air force drills with Cyprus, Egypt, Israel - Fox

"The island's Greek Cypriot President Nicos Anastasiades said there will be no let-up in efforts to reunify Cyprus, despite July's collapse of peace talks with breakaway Turkish Cypriots."

Why You Should Go To Greece This Fall - Forbes

Article surveys the Autumn advantages of island hopping (Mykanos) and going to Crete:

An easier, also rewarding stroll is through one of the mountain villages or villages of the north coast with their flower-decked, meandering lanes. My favorite is Rethymno with its narrow maze of alleyways in the Venetian and Ottoman quarter filled with cobbled streets, arches and houses with wooden balconies leading to the fortress on the Venetian harbor.

"In an interview published in Sunday’s Kathimerini, Stournaras described the IMF’s initial approach to Greek banks as extreme and claimed that had the Washington-based organization prevailed in its view, it would have needlessly led to a rise in public debt to the tune of 6 percent of GDP and the nationalization of banks."

"The bank hired UBS Group AG to advise on the sale, dubbed Project Amoeba, that involves debt with a face value of as much as 1.5 billion euros ($1.8 billion), said the people, who asked not to be named because the plan is private. The lender is reaching out to international investors, asking them to sign non-disclosure agreements ahead of preliminary bids, they said."

National Kapodistrian University Athens Greece

NEWS ARCHIVE - October 2017

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