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Greece and the economic crisis 2017

NEWS ARCHIVE - Dec 14 - Dec 21

December 21, 2017

Greece's creditors must clarify post-bailout support plan - central bank - Reuters

"Greece and its lenders need to clarify whether and on what conditions there will be a ‘precautionary support programme’ for the country after its bailout ends in August 2018, the central bank said in a report published on Thursday."

Central bank backs post-bailout contingency loan - ABC News

...A government official Thursday reacted angrily to Stournaras' suggestion.

"Just because a failed finance minister from a failed government had favored a credit line instead of a return to markets, does not mean that a successful government can do things better," he said, asking not to be named pending official comment.

Eco-terrorists threatened to put hydrochloric acid into supermarket products in Greece - Washington Post

"Greek supermarkets were forced to withdraw several food and beverage products from their shelves this week, after a group threatened to contaminate them with acid … "

More News:

Government's priority to tackle energy poverty - AMNA GR

Vitsas: “How Greece will exercise its territorial sea rights ‘without friction’ is an open issue” - Protothema

Hedge Funds Eye Greece - WSJ

December 20, 2017

No more free plastic grocery bags in Greece - Neo Kosmos

"A new waste reduction initiative to decrease the use of plastic bags will be put into place from January; it sees a three cent fee imposed on all plastic bags, which will rise to seven cents in 2019."

Greece: At Least 7 Injured in Migrant Detention Center Fight - Bloomberg

"Police said Wednesday the fight broke out Tuesday night between Kurdish and Arab men in the Moria camp and lasted for hours, leaving several tents inside the camp burnt."

More News:

Hedge Funds Finally Find a Market That Looks Cheap: Greece

The refugee families living among filth and faeces in camp in Greece - Sky News

Greek Parliament approves 2018’s budget - Capital GR

Greece’s parliament has approved a 2018 state budget featuring more austerity - Associated Press

King of handouts - eKathimerini

Over 80% of TAP pipes strung in Greece, Albania - Azer News

Elpedison says 'no' to Public Power Corporation’s lignite plants - Tovima GR

Greece Local media Reports Eurovision Finals for Feb 2018 - Wiwi Blogs

December 19, 2017

Greece: Man sentenced to 1,489 years for migrant smuggling - Fox

"The Thessaloniki court imposed the longest sentence on a 54-year-old Greek man convicted of running a smuggling ring that arranged the transport of more than 500 refugees in 43 separate cases. Under Greek law, the maximum prison term that can be served is 25 years, regardless of the length of the sentence."

Lawmakers to vote on 2018 budget, with more austerity - eKathimerini

"It sets the primary surplus at 2.44 percent for 2017 and 3.82 percent for 2018, higher than previously estimated."

Government, opposition clash over judicial independence - Tovima

"The government’s deteriorating relationship with the judiciary has worsened after yesterday’s decision by the Council of State to annul in toto a ministerial decision that set the terms under which judges, prosecutors and others submit mandatory declarations of property and assets."

Fear returns to Greece's universities - eKathimerini

"Groups of violent hooligans have asserted control over entire faculties and routinely threaten anyone who dares to voice a different opinion...

Senior university officials have given up. They find themselves trapped in a jungle-like environment, constantly having to lower their standards and just making sure they don’t lose their grip entirely."

More News:

Religious tourism soars in Greece: The Patmos island phenomenon - Tornos News

The 10 + 1 delicacies to taste in Greece during Christmas - Greek City Times

Fraport unveils €10m plans for ‘Alexander the Great’ Airport at Kavala - Airport Times

December 18, 2017

Greece to push back DESFA gas grid privatization deadline - Reuters

"HRADF had earlier identified the two investor groups qualified to proceed to the next phase of the tender - and the submission of binding bids - as Spain’s Regasificadora del Noroeste (Reganosa) and a consortium of Italy’s Snam (SRG.MI), Spain’s Enagas Internacional, Belgium’s Fluxys (FLUX.BR) and Dutch Gasunie. The asset sale is part of a privatization program undertaken by Greece under the terms of its multi-billion euro bailout."

Greece’s Olive Oil Industry Offers a Lesson on Economic Hurdles - Wall Street Journal

The annual American news article about 'why doesn't Greece take advantage of its olive production dominance?'

"The country is a major producer of ‘green gold,’ but sells much of it in bulk..."

Greece, Romania, Bulgaria support Serbia's EU bid - Fox

"The prime ministers of Greece, Bulgaria and Romania have pledged support for Serbia's membership in the European Union, saying it would boost stability in the Balkans."

More News:

Turkish experts and doctors seek asylum in Greece - Times UK

Greece postpones port sale after Russia’s Promsvyazbank bailout - Hellenic Shipping News

Terrorists Arrested in Greece Planned to Assassinate Turkey's President -

December 17, 2017

Greece and Cyprus to strengthen further their joint armament programmes

"The adoption of programmes of particular national interest for Cyprus and Greece, such as maritime surveillance, cyber-threat management, crisis management, and other concerns, is also positive at a first stage, the communique said. Greece and Cyprus coordinate their moves to take advantage of opportunities created at both the political as well as the operational levels in the context of a new European Defence Union."

Light earthquake 4.8 mag, 90 km SSE of Makry Gialos - EarthQuake News

"The epicenter was 98 km (61 miles) from Ierápetra (c. 12 500 pop). Nearby country/countries, Greece (c. 11 000 000 pop) (That might be effected). Closest city/cities or villages, with min 5000 pop, to hypocenter/epicentrum was Ierápetra."

December 16, 2017

Mitsotakis: We are ready to change Greece - Naftemporiki

"The president of the ND said that "the struggle until the elections will not be easy," adding: "Let's understand that Mr. Tsipras can withstand the worst mud, the slander, the vagacity of his government."

More on this: ND conference to focus on hammering out policy goals - eKathimerini
Intensified class war - Author: Yannis Varoufakis -

"Look at the latest figures published by the EMPA: Currently, 560,000 Greeks and Greek women currently work to 384 euros per month per month! Is there anything better to show the intensification of class war than this simple, crazy statistical data?

When Varoufakis says about the United States " a country where car-free life is unbearable, as to go to the house or even in the nearest grocery store has to cover enormous distances.." he betrays a rather simplistic picture of American travel, as there are tens of millions who use the public transportation of large, congested urban areas where an automobile is an unnecessary luxury. Nor does his description fit the many suburban areas of the United States which are teaming with competing grocery chains, and are crowded to such an extent to make long distance travel unneeded for the purchase of food. That said, there are areas where his portrayal is true, however it is not normal or standard.

Education Minister Gavroglou opens a window for election of the Islamic mufti in Komotini - Protothema

"In an interview the TV channel of the Greek parliament, to be aired on Friday at 9pm, he stressed that “a serious discussion with the minority on the issue of a reasonable election of muftis must be had”.

More News

Greece postpones port sale after Russia's Promsvyazbank bailout - Reuters

First vulnerable child refugee arrives in UK from Greece under Dubs scheme - UK Guardian

Cyprus joins Greece and Egypt to fight terror and human traffickers - Tornos News

Tsipras: Europe not Properly Addressing its ‘Excessive Social Deficit’ - Greek Reporter

Tzanakopoulos: The refugee problem has come to stay - TaNea

Commerzbank: There will be no new program for Greece - Possible preventive loans as a safety net - Liberal GR

December 15, 2017

Strike brings Greece to standstill - Euro News

"Euronews' correspondent in Greece says the government argues that the economy is already improving and austerity will soon be a thing of the past. But workers and the unemployed claim they are the losers in the country's crisis and will never regain what they have lost."

Greek broccoli enters European markets - Fresh Plaza

"Last year, many vegetables were destroyed due to frost in January. "However, the weather is good so far. Although Greece has been hit by some bad weather last month, this has had no consequences for Greek broccoli. "For some the weather was perfect!"

Greece’s annual inflation rose 1.1% in November - Keep Talking Greece

This brief article is accompanied by a funny cartoon (see at the link).

"The statistics service, in a monthly report, attributed this development to an increase in the prices of tobacco, transport and telecommunications."

More News:

Cyprus Cooperation with Greece and Egypt reinforces efforts to tackle challenges in the region - Parikiaki

King and Queen of Greece’s grandson has debut on American soap opera - Royal Central

December 14, 2017

Cyprus, Egypt, Greece agree to bolster maritime security - ABC News

Erdogan, take notice:

"The defense ministers of Cyprus, Egypt and Greece have agreed to step up cooperation in combating drug, weapons and people trafficking in the east Mediterranean and to share information on countering the threat of terrorism."

Greece criticises European Union chief over refugee quota comments - iphonefresh

[EU President since 2014 Donald Tusk] "...will set a six-month deadline for EU leaders to reach unanimous agreement on reforms to the European asylum system, but will propose alternatives if there is no consensus."

New underwater discoveries in Greece reveal ancient Roman engineering - UK Guardian

"Underwater excavations at Lechaion, the ancient harbour of Corinth, provide insight into engineering by the Roman Empire."

More News:

Greece's jobless rate eases to 20.2 pct in third quarter - Reuters

Senthen: First the program is completed and then the debt - Naftemporiki

ECB lowers emergency funding cap for Greek banks to 24.8 billion euros - Reuters

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NEWS ARCHIVE - December 2017


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