Greece and the economic crisis 2018
NEWS ARCHIVE - October 1 - October 6
October 6, 2018
Decline in fertility rates means economic trouble
Naftemporiki discusses a PricewaterhouseCoopers study which has the conclusion that combinations of low birth rate and increases in population over 60 will result in drops in GDP of 5.5%, and that as Greece has rapidly become a leader in abortion rates the fertility numbers have accelerated in decline.
Property auctions and bank account confiscations increasing
Schedules on asset seizure increasing - more at eKathimerini. Article mentions that solving tax issues through repayment plans
The Teddy Boy law of the 1950s
Greek Reporter on a time when ..."teenagers with longer than average hair and suits exhibiting provocative or offensive behavior" could be arrested, their hair shaved by force, and then a placard hung about their necks and then paraded through Athens.
Italy not going to be "Next Greece"
Daily News Egypt quotes Italy's Deputy Minister Michele Geraci as saying we're not Greece and it is an unfair comparison. This article at UK Express says Juncker was wrong to even originate the comparison.
New accusations against Tsipras over FYOM deal
Minutes from two previous meetings between Zaev and Tsipras have been made public - article at Protothema.
October 5, 2018
New Democracy Anniversary and launch new logo
Greek Reporter on ND's 44th Anniversary and their presentation of new marketing materials.
Exploration around Crete by the end of the year
Now that the deal between Greece, Hellenic Petroleum, Total, Qatar Petroleum and ExxonMobil has been signed, Exxonmobil is gearing up for research around the southwest of Crete - eKathimerini story.
West Nile virus deaths now at 34
eKathimerini on the rising death toll from the virus passed by mosquito bite.
Bonds at 4.5%
Naftemporiki on the 10 year yield, plus a rundown of European sovereign bond performance.
NATO training center in Peloponnese
Global Security on the building of an aviation training center at Kalamata.
Greece increasing kiwi fruit production
This article from Fresh Plaza says that with the growth of kiwi harvests and investment into post-harvest equipment, Greece is developing an edge in its competition with Italy for market share for the fruit.
Mismanagement of refugee funds alleged by Andreas Ilioupoulos
After making his claim of "chaos" reigning in the management of refugee services, the current Migration Policy Minister, Dimitris Vitsas, responded by threatening legal action against Ilioupoulos. Story at Naftemporiki
Acropolis will close from planned strike on Oct 11
A union protest against government policy planned - more at Daily Journal (they don't identify the Union, tho).
Tom Hanks: not in Greece
Apparently an event in Athens was advertising Tom Hanks would be attending - - the Hollywood actor reponded in Twitter statements that he is not involved and not even in Greece - story at Bustle.
Leisure boat registration modernized
Protothema on new changes in getting private boats in Greece legally registered.
Navagio Beach - Zakynthos
More "Shipwreck Beach"
October 4, 2018
The only move left for renaming FYOM "Northern Macadonia" is a parliamentary motion, if that fails then elections will follow, says ABC News
Bank cleanup continues
Moving bad loans into "special purpose vehicles" will help banks get better looking spreadsheet numbers - Reuters
Bloomberg says that the crisis in Greece is over, but Greek banks have been "left behind" - their chart shows Piraeus Bank, Eurobank Ergasias, Alpha Bank and National Bank of Greece are still in a kind of financial trash heap.
Meanwhile, Europe is frightened that Italy may turn into crisis reminiscent of you know what, or so says President of the European Commission Jean-Claude Juncker - MSN News. Elsewhere on MSN they're saying an Italian crisis would be "Greece on steroids."
eKathimerini on bank share numbers dropping dramatically.
Online betting has record year
Calvinayre reports that sports betting in Greece has reached a record level because of the FIFA World Cup. To illustrate this they have an image of Anthony Quinn/Zorba dancing while superimposed over euro notes and Greek flag stripes. What does Zorba have to do with sports betting?
The Hellenic Red Cross in trouble
The International Red Cross informed Nikos Economopoulos, head of The Hellenic Red Cross, that they are past the deadline for required new elections of officers. As quoted in the ekathimerini article, there are serious issues at HRC regarding the previous head of the organization embezzling millions of euros and engaging in money laundering.
The Greek "Golden Visa" program
Foreign investors acquiring "golden visa" residency permits have reached 3,154 since 2013 according to Protothema, with the bulk going to Chinese and Russian applicants.
Jihadi recruiters expelled
Naftemporiki on the expulsion of jihadist recruiters at the Moria camp on Lesvos.
Karytania Bridge, Peloponnese
October 3, 2018
Russia against FYOM?
Greek Reporter on "hints" that Russia may come out against FYOM at UN, stating that the low turnout invalidates the vote returns.
GMFUS on how "disinformation" worked against the vote turnout.
News Times says the vote return is making Western leaders nervous, and raises "red flags."
A version of the FYOM dispute
Washington Post puts together a history of the name and identity conflict over "Macadonia."
In the middle between USA and China
Naftemporiki on whether the moves by Merkel to counter Trump vis-a-vis Iran will result in the EU moving from being a junior partner to the USA into being a junior partner to China, and how NATO complicates the matter.
October 2, 2018
Regling: not so fast
Greek Reporter reports that European Stability Mechanism Managing Director Klaus Regling that he is confidant Tsipras' gov't will implement reforms, apparently including pension cuts, as agreed upon. Regling also addresses whether the Dutch taxpayer will be getting back loan money from Greece.
efe.com reports on the unchanged status for FYOM to join NATO: a successful agreement with Greece must be reached
Germany urges FYOM to continue on name change work despite low vote turnout ABC News
Records from the Prespes meeting in June indicates Zaev and others viewed a name deal with Tsipras much more likely than with ND - more at eKathimerini
Primera airline bankrupts, strands tourists
eKathimerini on the sudden bankruptcy of Nordic airline Primera and the stranded customers left in Greece.
Draft Budget plans 2.5% growth
Reuters describes the draft budget for 2019 - it shows no pension cuts.
Europe stocks "under pressure"
Market Watch on Greek and Italian economic problems affecting European stock performance.
October 1, 2018
Prime Minister Zaev is moving ahead after the vote showed high support for the name change - more at Tovima [in Greek] reporting with figures from 80% of the vote counted.
Is the low vote turnout make the referendum invalid? Some are claiming so: story at Nafemporiki (in Greek).
ABC News on maneuvering to avoid pension cuts.
Naftemporiki on the property damage from the Medicane. [in Greek]
Video footage of boats and docks getting pounded by the intensive waves at Euronews
Drilling deal in Crete signed
Protothema on the deal between Greece, Hellenic Petroleum, Total, and ExxonMobil.
Syrian men arrested after death of Afghan man
Described as a "brawl" in the article. Took place at the Malakasa refugee camp outside Athens - eKathimerini