Greece and the economic crisis 2018

NEWS ARCHIVE - July 7 - July 12

July 12, 2018

Finance

The Latest Buzz in the Bond Market? Greece Is Back - MSN News

"Things are looking a lot better for the country, after being one of the worst-hit by the European debt crisis and having to rely on 300 billion euros in foreign aid since 2010. Greece now runs a budget surplus and was upgraded last month by S&P Global Ratings to B+. While that is below investment grade, the rating boost combined with yields that are still among the euro area’s highest should help spur demand for a fresh bond offering.

Commission: Progress in Greece rated to 1,9% in 2018 and 2,3% in 2019 - To Vima

Russia

The State Department supports Greece for the expulsion of Russian diplomats - iefimerida.gr

#Greece expelled two Russian officials and barred entry of two others for attempting to interfere in Greek politics. We support Greece defending its sovereignty. #Russia must end its destabilizing behavior.
— Heather Nauert (@statedeptspox) July 12, 2018

Greece hopes to turn page after expelling Russians for Macedonia meddling - Reuters

Greece to expel Russian diplomats, accusing them of meddling in Macedonia deal to thwart Nato expansion - South China Morning Post

Turkey

Tsipras, Erdogan holding talks in Brussels - eKathimerini

Albania

Hahn's spokesman clarifies Greece-Albania border comment - eKathimerini

Clay slab unearthed in Greece ‘could be oldest Odyssey excerpt’ - Lancashire Telegraph

July 12, Greece commemorates Agios Paisios of Mount Athos - Greek City Times

World Jewish Congress calls on Greece to commit to fighting antisemitism - Jerusalem Post – more: Jews in Greece

Trump wants Nato members to double military funding target - Daily Sun

Tributes paid to young Swansea boxer who died in Greece - BBC

July 11, 2018

Mikrolimano marina, Athens

July 10, 2018

Life, and value, for derelict Greek properties - Vancouver Sun

"A world apart stands a building already spoken for: A 19th-century gem in upmarket Kolonaki, gloriously restored by the Civil Servants’ Joint Stock Fund. Two New York art dealers have rented it as a gallery bringing international art to Athens.

“We want to be at the beginning of the rebirth of this city,” said French-born Eric Allouche. “It’s a bet, but … an emotional one too. So far, we had an excellent response.”

In a prime real estate area off Syntagma Square is a 2,600-square-meter listed building from 1955, the marble entrance reeking of urine. It’s still stuffed with a commerce fund’s paper files, metal office furniture and bound board meeting minutes — the mummified remains of Greek bureaucracy.

Finance

Greece’s Financial Odyssey - Washington Post

DEPA: Investing 200 million euros in LNG over the next five years - Naftemporiki

BofA: Negative view on Greek banks - the challenge remains formidable - Capital GR

Foreign Experts Disagree On Prospects For Economic Development – Analysis - Eurasia Review

“It is a positive signal that the financial resources of Greece’s last bailout program have not been fully used up. Of the 86 billion euros provided, 62 billion euros were actually needed. This would have been unthinkable at the start of the aid programs for Greece eight years ago. However, Greece has made reforms and has to continue on its way,” Patrick Sensburg [German MP] explained.

OTE starts Greece's first fiber-to-the-home for ultra-fast broadband - Reuters

'Oldest known extract' of Homer's Odyssey discovered in Greece - Reuters

Greece’s population seen shrinking by 30,000 people in a year - eKathimerini

Tennis

Tsitsipas Nicky reaches the fourth round, first Greek since Kalogeropoulos in 1964 - Star Herald

"Stefanos Tsitsipas became the first Greek man to reach the fourth round of a Grand Slam tournament in the 50-year professional era."

Immigration

IOM: Mediterranean migrant arrivals reach 47,637 in 2018; deaths at 1,422 - onu Italia

Germany presents new, more restrictive migration plan - WRAL

Iranian Christians Attacked by Muslim Mob in Greece - CBN News

July 9, 2018

Finance

Greece Is One Of Few NATO Members To Have Met Defense Spending Goal - NPR

Tsakalotos: Greece has means to make debt relief deal work - Reuters

Greece, Germany And The IMF: The Struggle Continues - Seeking Alpha

Immigration

Deal for Refugee Returns to Greece by End of July, Germany says - Greek Reporter

Meet Greece's Guardian Angel for Refugees - MSN News

New migrant processing centres in EU must avoid inhumanity of ‘hotspots’ in Greece and Italy - TheConversation

US, Europe clamp down on migration even as arrivals drop - Fox News

EU migration policies seen building blocks for 'Fortress Europe' - MSN News

FYOM

Dimitrov: We expect the "green light" from NATO this week - iefimerida.gr

Turkey

Turkey's Erdogan Sworn in With New Presidential Powers - NY Times

[Barely mentioned in the NY Times article: the new, revised system of government now allows Erdogan to bypass parliamentary approval for a number of executive department functions, such as appointing vice-presidential positions.]

24 killed in train derailment after heavy rains in Turkey - SF Gate

Trans Adriatic Pipeline work creates new archaeological sites in Greece - trend.az

Giannis Antetokounmpo Vows to Play for Greece in World Cup - Greek Reporter

Agora in Athens Greece from Acropolis hill Greece

July 8, 2018

Finance

2018 government initiatives to raise wages - Athens News Agency

IMF mission chief to Greece says ambitious surplus targets could constrain the economy - eKathimerini

Tsakalotos in the US for contacts with investors - Naftemporiki

On Anniversary Of Death, Bakari Henderson’s Killing Sheds Light On Racism In Greece - Newsone

Cyprus: Prospects for a Solution meeting in the House of Commons - Parikiaki

War of polls betweens SYRIZA and ND - Radio Thessaloniki

Pireaus Greece marina

July 7, 2018

Greece’s Indigenous Population will Shrink to 7.2 Mln by 2080 - Greek Reporter

"...according to Eurostat figures, by 2050 Greece will be the smallest part of the EU populationwise, according to an Athens-Macedonian News Agency report (AMNA)."

Demographic nightmare in Greece. There is a risk that the population will fall to 7 million - Radio Thessaloniki

The hard truths our politicians aren’t telling us - eKathimerini