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Tag Archives: war

Gaza conflict will not greatly impact Greek tourism, says PM Mitsotakis

Just as the war in Ukraine had has a limited impact on Greece’s tourism sector, which had no problem handling the loss of visitors from Russia, the impact of the conflict in Gaza will be similarly limited, Greek Prime Minister Kyriakos Mitsotakis said on Thursday. “I consider that our tourism …

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Middle East crisis could lead Eurozone into stagflation, says BoG governor

The war between Israel and Hamas could lead the Eurozone into stagflation, Bank of Greece governor Yannis Stournaras said on Wednesday. Speaking to newspaper “Financial Times”, the Greek central banker said that the war could create new challenges for the European economy, from a turbulence in the energy market to …

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Turkey directly threatens Greece with war

Turkish Foreign Minister Mevlut Cavusoglu directly threatened Greece with war if it proceeds with the extension of its territorial waters south and west of the island of Crete. Prompt was the reaction of Greece with ruling New Democracy MEPs to urge the European Commission to take measures against Turkey’s aggressiveness. …

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EU Commission revises forecasts for Greece’s economy downwards to 3.5%

The European Commission has revised its forecasts for the Greek economy downwards, envisaging a GDP growth of 3.5% in 2022 and 3.1% in 2023, from 4.9% and 3.5% respectively in its winter forecasts made in last February. On Monday, the Commission released its spring 2022 report on economic growth in …

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Greek households store food due to war in Ukraine (POLL)

Greek households store food due to the war in Ukraine, a market survey has found. Turnover in value of food retail increased by 5.1% in the first week of March. According to NielsenIQ data, in the first week of March, many food categories, such as pasta, showed a very large …

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Athens Stock Exchange losses amount €9.3bln since the start of Ukraine war

Since the beginning of the war, the Athens Stock Exchange has recorded losses of 13.43 percent since the beginning of the war in Ukraine. The market’s capitalization has fallen by 9.345 billion euros. The Large Cap index has fallen by 15.0% and the Mid Cap index by 8.6%. The heaviest …

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Greece declares “war” to organized crime, gov’t sees “rise” in lockdown lifting

Citizen Protection Minister Michalis Chrysochoidis said on Tuesday that he is declaring war to organized crime after a series of shootings on open street and in the middle of the day, where two people were gunned down. At a meeting with Hellenic Police officials discussion were focused on improving the …

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Germany rejects Greece’s call to negotiate over War Reparations

The German government shows not a single sign of willingness to negotiate with Greece over the claimed reparations from WWI and WWII. A day after Athens officially called on Berlin to join the negotiations table, the response came from the German Foreign Ministry. The issue was “legally and politically settled,” …

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Greece officially invites Germany to negotiate on WWII & WWI reparations

Athens has officially called on Berlin to come to the negotiations table with regards to the German WWII reparations including the enforced loan during the occupation by the Nazis April 1941- October 1944. And not only. According to the Greek Foreign Ministry, Athens has claims also from the WWI. It …

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US implements steel & aluminium tariffs, EU threatens with retaliation

A bad day for world trade: US moves forward with imposing tariffs on steel and aluminium, without exception for Canada, Mexico and the European block. The new measures 25% percent on steel and 10% on aluminium go into effect on 1. June 2018, US time. The European Union threatens with …

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Prime Minister’s office attacks BoG governor as “a failed finance minister”

The Greek government and the Prime Minister started a war against the Governor of the Bank of Greece, Yannis Stournaras, and officially described him as “a failed finance minister”.  The war broke out just hours after a BoG Interim Report on the Monetary Policy 2017 suggested a “Memorandum Light” for …

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Greece’s TV licenses war – media on work stoppage

The plan of Greek government to ask TV owners to pay to licenses and also limit the number of private television channels broadcasting nationwide down to four has triggered a war – one of the usual Greek wars where everyone is against everyone with political parties ready to fall in …

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Greek Gov’t to Metro Workers: end strike or requisition and lay-offs!

Greek government sent an ultimatum to striking Metro workers threatening them with lay-offs and ‘enforced mobilization’ or requisition. On Tuesday, government spokesman Simos Kedikoglou gave Metro workers time to resume work by next Thursday and end their strikes that prohibit the operation of Athens metro for the seventh consecutive day. “The leaders of this unacceptable …

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“War” between SYRIZA and Public Order Minister over Terrorism

A new round of angry dispute broke out between main opposition party SYRIZA and the Minister for Citizen Protection and Public Order, Nikos Dendias (Nea Dimocratia), when the latter brought up new allegations linking the left-wing party with phenomena of a smooth form of terrorism. During a meeting of the parliamentary committee …

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