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Greece and the economic crisis 2018

NEWS ARCHIVE - October 1 - October 6

The Trip to Greece - online streaming

The Trip to Greece - Steve Coogan and Rob Brydon reunite in Greece for the fourth installment of THE TRIP series in a delightful odyssey of gut-busting comedy.

Oxford Greek-English Learner's Dictionary - 1024 pages - Amazon

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.

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.

Archeology on a large, rock-cut chamber tomb dating to the early Mycenaean era found near Orchomenos. A second article describes some of the objects found in the tomb.

Leisure boat registration modernized

Protothema on new changes in getting private boats in Greece legally registered.

Navagio Beach - Zakynthos

Navagio Beach - Zakynthos

More "Shipwreck Beach"

October 4, 2018

FYOM Dead?

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

Karytania Bridge, Peloponnese

The Bridges of Greece

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."

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.

FYOM Fallout 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.

Muscat Grapes

Muscat Grapes Greece

October 1, 2018

FYOM vote

50% turnout on the FYOM vote was not achieved - Reuters article. And eKathimerini says the future of the name agreement rests with politicians at Skopje.

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).

International reaction to the FYOM vote - Greek Reporter. Greek government reactions described at eKathimerini.


ABC News on maneuvering to avoid pension cuts.

Extensive damage

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

Skyline of Athens at night

Athens Greece skyline by night

Fodor's Essential Greece: with the Best Islands (Full-color Travel Guide)

NEWS ARCHIVE - October 2018


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