Greece and the economic crisis 2018
NEWS ARCHIVE - May 9 - May 15
May 15, 2018
Tsakalotos rejects post-bailout precautionary credit line, admits over-taxation - Tovima
"Tsakalotos stressed the importance of funding growth, and noted that Greek banks are burdened with non-performing loans"
ECB insists on benefits of a credit line, SSM and IMF agree - eKathimerini
PMs of Greece, Macedonia to meet on decades-old name dispute
- Lompoc Record
Turkey: Seven Afghan migrants die during sea crossing to Greece - Times of India
Greece races to meet bailout demands as inspectors return - Washington Post [paywall]
Pollution Contingency Plan by Cyprus, Greece and Israel - Marine Link
Case of Greece’s ex-ELSTAT Chief Goes Back to Court - Greek Reporter
"...The Appeals Court has twice so far acquitted him of charges that he misrepresented Greek fiscal data of 2009 in order to help the then government bring the country under bailout agreements."
May 14, 2018
January-April government primary budget surplus beats target - Reuters
Greece races to meet bailout demands as inspectors return - ABC News
Greece Leasing Out Beaches for Business Use - Greek Travel Pages
Cyclists take part in bike ride in Athens, Greece - xinhuanet
Greece races to meet bailout demands as inspectors return - Tampa Tribune
Greece plans more bond issues to shore up post-bailout future - Nasdaq
"Prime Minister Alexis Tsipras wants to exit the current bailout when it expires on Aug. 20 without any more external support, although some economists say Greece would be wise to secure a precautionary credit line rather then relying entirely on bond markets.
Greece's central bank has been among those arguing for Athens to arrange an EU credit line to safeguard the nation's finances against another global financial crisis or an international trade war. Greece has the euro zone's heaviest debt burden, at about 180 percent of gross domestic product."
Greece’s Open-Air Cinemas Come Alive in Summer - Greek Reporter
Open-air cinemas are a thing that very few countries can offer. While for Greeks catching a movie in a summer cinema sipping a cold beverage is like an institution, for visitors it is a one-off experience, almost as enjoyable as a dive in the cool, crystal-clear waters of Mykonos or a visit to the Temple of Zeus at Sounio.
Most Greeks can’t wait until their favorite summer cinema opens in May, eager to catch a movie in the open air, even if they are not crazy about the film itself. Most of the time it is a ritual, where even a date at the movie theater becomes more romantic.
May 13, 2018
Athens Braced for 24-Hour Metro Strike - Greek Reporter
Pensions under 1,000 euros will also be cut in 2019, says minister - eKathimerini
PMs of Greece, Macedonia to meet on decades-old name dispute - ABC News
Hellas Direct and Revolut Join Forces to Disrupt the Insurance Sector in Greece and Cyprus - New Kerala
Greece's Korakaki wins air pistol gold to claim second medal at ISSF World Cup in Fort Benning - Inside Games
National Bank of Greece : Dollar price up in major Egyptian banks - 4 Traders
May 12, 2018
Greece, Macedonia race to end name row before EU summit - Times of India
Greek Navy Pinpoints Sunken WWII Submarine in Aegean - Greek Reporter
Greece Launches New 25% Cash Rebate to Lure Productions - Variety
"Greece’s new incentive is substantial. A total of €450 million ($547 million) has been allocated for the new program over the next six years, offering foreign productions a 25% rebate on all qualifying local spending, with a minimum spend of €100,000 (around $122,000) and a €5 million (roughly $6.1 million) cap.
“I think the impact will be huge,” says Venia Vergou, director of the Hellenic Film Commission, who explains that the rebate will offer Greece a chance to capitalize on its rich natural and historic bounty. “We have amazing archaeological sites that no other European country has.”
Prince Charles Unprepared For Royal Wedding, Dances With Camilla In Greece - International Business Times
How Greece can still be represented at the 2018 World Cup - Protothema
AEK and PAOK fans clash in incredible scenes as Athens transforms into a warzone - UK Sun
No services Monday on Athens metro lines 2 and 3 - eKathimerini
Rouvikonas anarchists raid Oxfam office in Athens for the sex scandal in Haiti
"The group of ten masked Rouvikonas anarchists entered the Oxfam’s office on Patision Avenu near Viktoria Square in downtown Athens.They turned over computers and other office equipment and sprayed red paint on the walls."
May 11, 2018
Centeno sees enhanced post-bailout supervision for Greece
Substantial decline in migrant, refugee flows in Evros, Vitsas reports - AMNA GR
SYRIZA in 3.5-year made 21 pension cuts - Athens News Agency
Self-employed professionals are asked to pay more for 2017 - eKathimerini
WW2 Greek submarine wreck located - Protothema
Ministers from central Europe, Balkans meeting in Greece - Fox News
Athens court curbs term for ex PASOK minister, allows him to pay it off - eKathimerini
‘No Speak English’ Sign at Athens Metro Stuns Visitors - Greek Reporter
"English is the first foreign language Greek students learn from an early age. Official data released by the Eurobarometer Special Surveys in 2014 revealed that, when it came to people being able to speak English, 51 percent of Greeks could speak some."
May 10, 2018
Residents Warned to Take Safety Measures as Severe Weather Hits Greece - MSN News
Intense rainfall in Thessaloniki
"Streets were submerged in the Greek port city of Thessaloniki on Thursday, May 10, following heavy rainfall.Stormy weather with severe rain and hail was forecast to last until May 11 for some parts of the country.Greece’s Civil Protection Agency asked residents to secure objects that might become dislodged, and to try to keep drains clear.This video gives a bird’s-eye view of fast-flowing water on streets in Thessaloniki."
Greece's Piraeus Bank more profitable in first quarter as provisions fall - Reuters
Eurovision: How Greece’s pop star helped Cyprus become favourite to win - BBC News
Britain's Prince Charles in Greece for 3-day official visit - ABC News
US committed to preserving Cyprus peacekeeping - eKathimerini
May 9, 2018
Greece's first property e-auction - CNN News
Regling likens Greece to Germany after WWII - eKathimerini
Prince Charles heads to Greece seeking to heal old royal wounds - UK Guardian
Greece: 50 migrants rescued after being held hostage - ABC News
Greece: 20% increase in value of fruit and veg exports - Fresh Plaza
Greece: 2nd Turkish officer to be freed after fleeing coup - Fox News
Greece stocks higher at close of trade; Athens General Composite up 0.89% - Investing
Greece: 5 aid workers cleared on migrant smuggling charges - WFMZ
Fodor's Essential Greece: with the Best Islands (Full-color Travel Guide)
NEWS ARCHIVE - May 2018