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Tag Archives: Reuters

Greek PM sees strong rebound in tourism this summer

Greek Prime Minister Kyriakos Mitsotakis has forecast a strong rebound in tourism this summer. Speedy vaccination drives in key markets including Britain and Israel will pave the way for tourists to return despite the current industry gloom, he told news-agency Reuters on Thursday.. “I am a realist but I am …

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Greece dismisses reports it plans to sell off pensions arrears. But…

The Greek government has dismissed a media report saying that it was planning to sell billions of euros of social security contributions owed to its pension fund to private investors. Citing senior government officials, international news agency Reuters reported late on Thursday that “the first batch of up to 12 …

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Pulitzer-winning photographer Yannis Behrakis dies at 58

Pulitzer-winning photographer, Yannis Behrakis, has died after a long battle with cancer. He was 58.  In his 30-year long career at Reuters, Behrakis covered main conflict areas around the world. He touched millions of people worldwide with his snapshots from the Refugee crisis in Greece. His coverage of the refugee …

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UPD ESM acknowledges, it is considering Debt Relief for Greece

The European Stability Mechanism has acknowledged that it is considering ways to grant debt relief to Greece, possibly by fixing the interest level at current low rates or by extending its maturities further. The ESM said in August 2015 that euro area finance ministers stood ready to consider, if necessary, …

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…and the Pulitzer goes to three Greek photographers at Reuters

Three Geek photographers members of Reuters Breaking News won this year’s Pulitzer Prize for professional photography with the Pulitzer being the highest prize for journalists and reporters in the USA. Team leader Yannis Behrakis and his two younger colleagues Alkis Kosntantinidis and Alexandros Avramidis were awarded for capturing sensational human …

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No Grexit, No Grexident. The IOUs are coming…!?

Forget the Grexit, the Grexident and the Drachma scenarios. They are out! The 20-April-bankruptcy script writers have invented a new solution: something like a parallel currency. No, not the older scenario option of using Drachma nationally and the Euro internationally. Something new: the IOUS! A form of alternative mean of …

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REUTERS: EU executive sees personal savings used to plug long-term financing gap

It looks as if taxpayers’ money is not enough for the European Union to fund investments. Therefore there are reportedly thoughts to use the savings of 500 million EU-citizens and pour them into investments. Reuters – Exclusive:              EU executive sees personal savings used to plug long-term financing gap “The …

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EU source:Troika won’t go to Greece “because no one wants them” (via Reuters) *sigh*

Do the Troika inspectors boycott Greece? Have they put their visit to Athens on hold? Reuters reported so on Thursday afternoon citing two “eurozone sources”. According to Reuters, the Troika put its visit on hold because the Greek government rejected more austerity measures. The news of a possible postponement set …

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Troika-fatigue: Are Greek lawmakers tired of austerity? FinMin Stournaras claims so

Maybe. Maybe not. At least Finance Minister Yiannis Stournaras claimed, that Greek lawmakers were tired of austerity and that “the fatigue of MPs” could cause a political risk for Greece’s fiscal targets. Stournaras’ interview to Reuters, woke up the tired Greek MPs especially those of coalition government partner PASOK. Those …

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Reuters: Greece Looks Out to Sea for Gas Wealth of $600 Billion

Offshore natural gas could dramatically change Greece’s fortunes, should early estimates of $600 billion worth of reserves be confirmed, according to a study presented to Prime Minister Antonis Samaras in June and seen by Reuters. The study, collating existing scientific data, says that geological similarities indicate that reserves offshore Crete …

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Barroso-Papademos Hand-in-Hand Against Tsipras?

Why did Jose Manuel Barroso threaten Greece with euro exit right after May 6 elections? Reuters claims that the president of the European Commission made this statement after caretaker prime minister Lucas Papademos asked him to do so – in an effort to build a dam against Alexis Tsipras. According …

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Greek PM To Tour EU, Looking For Allies

Greece Prime Minister George Papandreou is due to tour European capital -cities- and have contacts with Leaders of European countries in order to push towards a fast track lasting solution for the Greek debt. The initiative of the Greek PM is considered necessary after delays in the Eurogroup to finalize …

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How much austerity can we bear? Greece 2010 deficit at 10% (Reuters)

Save, Save, Save in a barrel with no bottom! Greece’s debt explodes, revenues  are not flowing, new budget deficits sprout every year. The wages and pensions cuts, the V.A.T. and taxes hikes made us poorer by 30-40% in 2010. Now new austerity measures will be added. Then the IMF/EU/ECB- representatives, currently …

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