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Monday, March 16, 2015

With Greece, Germany At Bitter Odds, Tsipras Will Meet Merkel in Berlin

After a souring in relations between Germany and Greece over what Athens should do in exchange for rescue loans, Prime Minister Alexis Tsipras has accepted an invitation to meet German Chancellor Angela Merkel in Berlin next week, his office said.


READ THE ORIGINAL POST AT www.thenationalherald.com

Don't beware of Greek: it comes bearing wonderful gifts for state school children

I was lucky to be able to study Latin and Greek at A-level at a state school in the 1950s (Greek is part of our democratic inheritance. It must not be ...


READ THE ORIGINAL POST AT www.theguardian.com

Juncker: EU must 'respect Greek dignity'

European Commission President Jean-Claude Juncker urged eurozone governments on Monday to find a solution for Greece's funding crisis that would respect "Greek dignity" and keep the common currency area together. "I am against 'Grexit'," Juncker told a conference in ...


READ THE ORIGINAL POST AT en.enikos.gr

Greek prime minister Tsipras to meet Merkel as tensions build with Berlin

Bavarian finance minister accuses Greek minister Yanis Varoufakis of being more interested in PR than politics


READ THE ORIGINAL POST AT www.irishtimes.com

Vanderbilt Greek organizations respond to Oklahoma racist chant

"I hate to hear so many parents would not feel comfortable with their students joining," said Kristin Torrey, director of Greek life at Vanderbilt University.


READ THE ORIGINAL POST AT www.wsmv.com

Schauble: New Greek govt exhausting built up trust

Debt issue is due to past overspending - Athens will fail to implement its promise to impose higher taxes to shipowners


READ THE ORIGINAL POST AT en.protothema.gr

Ongoing barrage regarding Greece’s position within the euro

Moscovici: In case of a Grexit the risk of contagion is much lower – Belgian FINMIN: With its tactics, Greece has managed to make its partners angry - Juncker: Greece must honor its commitments - Rajoy: A Grexit would not cause a “domino effect” in the Eurozone - Schauble: SYRIZA is ruining the trust built so far between the two sides


READ THE ORIGINAL POST AT en.protothema.gr

Teen electrocuted at train power depot in Kilkis

The company responsible for Greece’s railways and trains, OSE, was on Monday investigating the circumstances that led to the electrocution death of a 15-year-old at a train power depot in Kilkis, northern Greece, on Sunday.


READ THE ORIGINAL POST AT www.ekathimerini.com

Greek police, coast guard net contraband smugglers, cargo

A joint operation by the police and the coast guard on Monday resulted in the seizure of 3,500 crates of contraband cigarettes from a Sao Tome-flagged cargo vessel off the Bay of Messara, Crete, and the arrest of six foreign nationals and two Greeks.


READ THE ORIGINAL POST AT www.ekathimerini.com

New snag in Norman Atlantic probe as data files found destroyed

Italian investigators looking into the causes of a deadly blaze on the Norman Atlantic ferry as it sailed from Greece in December are seeking expert help to recover any traces of audio evidence that may have been salvaged on the ship’s data recorder, which was almost entirely destroyed in the blaze, Italian media reported on Monday.


READ THE ORIGINAL POST AT www.ekathimerini.com

Bourse rebound hope dies as stocks slump again

Early losses at the Greek bourse were followed by an attempt at a rebound which was quickly snuffed out by sellers on Monday, leading the benchmark to end up in the red again.


READ THE ORIGINAL POST AT www.ekathimerini.com

Young Greek rowing star dies after road accident

Evripidis Sklivanitis, a 20-year-old youth rowing star, died on Monday of injuries he sustained the day before in a road accident, prompting the nautical club of Ioannina, in northwestern Greece, to issue a message of condolence.


READ THE ORIGINAL POST AT www.ekathimerini.com

Talks between Tsipras, Merkel could be chance to break impasse

Prime Minister Alexis Tsipras is to meet German Chancellor Angela Merkel in Berlin on March 23 for talks expected to focus on Greece’s looming cash crunch even as bilateral tensions remain high.


READ THE ORIGINAL POST AT www.ekathimerini.com

Fraport says Greek airport deal faces delay

Fraport AG said it may take until next year to complete the acquisition of airport assets in Greece as the new government there reviews privatization plans, while adding that earnings will increase in 2015 even without the deal.


READ THE ORIGINAL POST AT www.ekathimerini.com

Greek three-year yields rise to 20.30 pct

Greek three-year yields rose as much as 121 basis points to 20.30 percent, the highest since February 12.


READ THE ORIGINAL POST AT www.ekathimerini.com

Greek Prime Minister Tsipras to visit Germany

German Chancellor Angela Merkel invited Greek Prime Minister Alexis Tsipras to visit Berlin during a telephone conversation on Monday, German ...


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Greek, German leaders to talk about debt

A pedestrian walks past statues, which stand at the top of the National Archaeological Museum of Greece as a Greek flag flies in central Athens, ...


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EU's Moscovici: No debt relief for Greece

He added that while it was necessary to deal with Greece's social problems, the country also needed to implement reforms. Moscovici said the ...


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International Monetary Fund comes calling as Greece faces up to week of debt payments

Euronews correspondent in Athens, Symela Touchtidou said: “So Greece has already repaid the International Monetary Fund more than a billion with ...


READ THE ORIGINAL POST AT www.euronews.com

Irish Recovery a Model for Greece, Say Analysts

Ireland's commitment to fiscal reform should serve as a model for other European economies including Greece, according to analysts.


READ THE ORIGINAL POST AT www.newsweek.com

Budgets Committee approves EU aid for redundant workers in Greece and Ireland

Almost 1,500 workers made redundant in Greece and Ireland in 2014 should receive EU aid worth €11.3 million to help them find jobs, the Budgets ...


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Greek tactics annoying eurozone partners, says Belgium

The new Greek government has singled out Berlin as its chief adversary in an acrimonious stand-off over how the cash-strapped government can ...


READ THE ORIGINAL POST AT www.ft.com

Greece makes IMF debt repayment as tensions with Germany grow

Rolling economic and financial news, as Athens stumps up another €580m in loan repayments to the IMF and the German stock market hits a record high.Lunchtime summary: Greece clears another debt hurdleVaroufakis denies giving Germany the fingerGerman media angry DAX hits another record high 5.26pm GMT A strengthening euro as the dollar weakened help support stock markets, as did another dip in the oil price on oversupply fears. Ahead of the US Federal Reserve’s latest meeting, the US currency slipped back as weak economic data suggested an interest rate rise may not be imminent. Investors were also buoyed by comments from the Chinese government that it would act to support the country’s economy, while in the UK retailers benefited from hopes of a reduction in business rates. Germany’s Dax moved through 12,000 for the first time to close at a new record high, the beneficiary of the first week of the European Central Bank’s quantitative easing programme. The final scores showed: 4.31pm GMT The Greek government has just issued a statement confirming that the German chancellor Angela Merkel has indeed invited her Greek counterpart to Berlin, reports Helena Smith. “Mrs Angela Merkel requested a telephone rendezvous with the Greek prime minister which took place at 16:30,” the statement said. “During their telephone conversation the German chancellor issued an invitation to Mr Alexis Tsipras to visit Berlin and the German chancellor on Monday 23 March. The prime minister responded positively to the invitation.”This is not the first time that the German chancellor has attempted to calm spirits by contacting her Greek counterpart personally. Regular readers will recall that she telephoned Tsipras during last month’s dramatic negotiations in Brussels to extend the debt-stricken country’s EU-IMF-sponsored bailout until June. 4.14pm GMT On the ECB quantitative easing Jasper Lawler, market analyst at CMC Markets said:The European Central Bank reported that in its first week it has bought €9.8bn in public sector assets. Were government bonds to be all the ECB was buying, that’s only be 16% of the monthly €60bn total where 25% would be needed to be on target. However the €60bn is inclusive of other asset purchases including covered bonds and asset-backed securities which will make up the difference. €9.8bn is not quite as aggressive as some might have hoped in the first week but the ECB is still testing the waters and this total should creep up in the coming months. 4.04pm GMT Now this looks interesting. German chancellor Angela Merkel has invited Greek prime minister Alexis Tsipras to visit Berlin on March 23, next Monday, Reuters is reporting, citing a Greek government official.Given the conflicting views expressed by politicians from the two countries, it will be intriguing to see how this pans out. 3.30pm GMT Oil prices continue to slide on fears of oversupply, with US crude falling to $43.18 a barrel, its lowest level since March 2009.Brent crude is currently down 3.3% at $52.82, on rising global inventories and the prospect of more exports from Iran if an agreement is reached during nuclear talks this week. 3.16pm GMT More details on the ECB purchases. As part of its plan to buy sovereign bonds to lift inflation and put pressure on the euro, it intends to buy €60bn a month until September 2016. The €9.751bn figure represents the first week’s purchases, and the ECB also gave updates on its other programmes so far. It said its covered bond purchase programme totalled £56.947bn as of March 13, while its asset backed securities programme had reached €3.754bn.CBSPP3, ABSPP and PSPP cum. settled purchases as at 13/03/2015: 56,947 mln, 3,754 mln & 9,751 mln respectively. Website update to follow.€2.8 bn to € 3bn per day will be required by the ECB to get to that €60 bn per month figure 3.02pm GMT The European Central Bank has announced it spend €9.751bn on bonds in the first week of its quantitative easing programme which started last Monday. 3.00pm GMT The continuing worries about Greece and its possible exit from the eurozone, given the apparent differences in Athens and Berlin, has seen the country’s short term bond yields rise again.Greece’s three year bond yields have climbed above 20% for the first time since the middle of February, up 1% to 20.26%. 2.33pm GMT US markets are on the rise and the dollar is weakening against the euro after some weak US data.Industrial production slipped 0.2% in February, the third monthly fall in a row, with car production down 3%. Economists had expected a 0.1% increase in industrial production, following a revised 0.3% decline in January (compared to the previous estimate of 0.2%).The drop in builder confidence is largely attributable to supply chain issues, such as lot and labour shortages as well as tight underwriting standards. These obstacles notwithstanding, we are expecting solid gains in the housing market this year, buoyed by sustained job growth, low mortgage interest rates and pent-up demand.Feb to drop 'patient' but Jun hike doubtful: Like retail sales, US manufacturing output fell for 3rd successive months (not seen since 2009) 2.13pm GMT Heads-up: the European Central Bank will publish some details of its new QE programme shortly:As a reminder the #ECB will announce how much they spent on QE last week in 35 mins at 1445GMT, although no breakdown by country 2.11pm GMT Klaus Regling, who runs Europe’s bailout fund, has just warned that everyone involved in the Greek debt crisis must strive to avoid Greece crashing out of the eurozone by accident.Efi Koutsokosta of Euronews is tweeting the details:#Regling:It's a common responsibility of the greek gov, the institutions and the eurozone finance ministers to avoid a #Grexident @ESM_Press#Regling: €group stated if additional fin assistance is needed for #Greece & conditions in place €group would favourably look @ request #ESM 2.05pm GMT Time for a brief recap.Greece has cleared another funding hurdle, by repaying a €580m loan tranche to the International Monetary Fund this morning.Greece meets deadline, pays third part of its loan to the IMF, a senior finance ministry official tells Dow Jones.ARD's #Jauch show editors say Varoufakis 2013 Zagreb video is 'genuine' http://t.co/I7V94lToST /via @tagesschauWe continue to pursue the political goal - and there are no differences there between the finance ministry and the chancellor on this - to keep Greece in the euro zone and the German government has worked towards that since the start of the crisis and this work is continuing.”“It’s a two-pronged war: We’re being worn down economically and psychologically. It’s deliberate.” 1.54pm GMT Technical officials from the Brussels Group (don’t call them the Troika!) have been spotted in Athens in recent days, Helena adds. But rather than being regularly snapped on the streets, officials representing Greece’s creditors have generally been sighted in “subterranean garages”. 1.40pm GMT New York has followed Europe’s lead, with shares rising in the first few minutes of trading on Wall Street:U.S. stocks open higher; Dow jumps 115 points http://t.co/E2pePfgZGd 1.29pm GMT Greece’s biggest union, ADEDY, has fired a warning shot across the cash-strapped government’s bows saying it must “respect” the country’s social security funds. The warning comes amid escalating fears that the funds could soon be raided to prevent delays in payment of pensions and civil servants’ salaries later this month. “The government must respect its pre-election promises. The damage that the funds have suffered in the past is precisely because of the criminal choices of previous governments, [choices] that are incalculable and have lead the funds to their dramatic situation today.” 12.46pm GMT Greek officials are accusing Germany of “psychological warfare” as relations between the two countries become ever more strained, reports our correspondent in Athens Helena Smith. “It’s a two-pronged war: We’re being worn down economically and psychologically. It’s deliberate.” “It’s like a psychological war and Schauble is poisoning the relationship between the two countries through that. The German government is out to get us and some really want to push us out of the Eurozone.”“My fear is that as the situation gradually worsens, support for the euro will drop. Now it is around 70% but in a couple of months’ time, when things are much tougher, we could be seeing a situation of 50—50 support for the currency.” 12.25pm GMT Spreadex financial analyst Connor Campbell reckons Germany’s stock market will climb further into record territory, thanks to Mario Draghi:“As the steroid injection of ECB QE continues to swell the DAX, as well as the other euro zone indices, investors remain enthralled with the region and seem committed to continuing its upswing.” 11.58am GMT Germany’s stock market has now surged by 138 points today, or 1.2%, to a new lifetime high of 12,040 points.The benefits of the ECB’s QE policy continue to drive European equities higher with the DAX leading the way.Germany continues to spearhead the move higher for the rest of the eurozone having broken through the 12,000 level less than a month after moving above 11,000. As cheerful as the average German might be about the DAX this propensity for optimism does not stretch towards the Greeks. 11.29am GMT Thanks to Reuters, here’s what German government spokesman Steffen Seibert told a press conference in Berlin today: “We continue to pursue the political goal - and there are no differences there between the finance ministry and the chancellor on this - to keep Greece in the euro zone and the German government has worked towards that since the start of the crisis and this work is continuing.” 11.10am GMT German government spokesman Steffen Seibert has just told reporters that Angela Merkel and the finance ministry have a “shared goal” of keeping Greece in the eurozone.GERMAN POLITICAL GOAL REMAINS GREECE IN EURO, SEIBERT SAYS 10.46am GMT The Greek government has handed over the €580m due to the International Monetary Fund today, according to Bloomberg.#Greece made repayment owed to #IMF: Finance Ministry OfficialAthens will be hoping that discussions can advance next week because the government is running short of money. It is hoping for either an early disbursement of some of the 7.2 billion euros in remaining bailout loans or an increase in the 15-billion-euro limit on T-bills that the state can issue. 10.29am GMT Several other German media outlets are also up in arms about Fingergate - with Die Speigel, Die Welt and Zeit all running articles about the video clip, and Varoufakis’s denial.Uproar in #Germany over #Varoufakis ‘middle finger’ gesture - VIDEO #Greece- http://t.co/GzqnG2BKP6 pic.twitter.com/1i546Q2JN4 10.19am GMT German newspaper Bild is gripped by Yanis Varoufakis’s middle finger (so to speak).The tabloid is querying Varoufakis’s claim last night that the footage showing him giving Germany the finger in 2013 was faked (see 8.12am post). 9.25am GMT A government source has stated that Greece will pay EUR 580mln tranche of its IMF loan due today (@RANsquawk) 9.22am GMT Greece has insisted that it will make today’s loan repayment to the International Monetary Fund today.A government source told Reuters this morning that:“It’s in the pipeline. The payment of 580 million euros will go out later today.” 9.14am GMT The Greek stock market has fallen 1% this morning, defying the upward trend in other European markets.In other news, Greece's stock market is down again this am, -19% since FEB 24th when mainstream called it fixed 9.08am GMT The head of the International Monetary Fund has urged Greece to press on with structural reforms.“Looking ahead, something better may yet come on the back of low oil prices and interest rates. Still, there are significant risks to this fragile global recovery.” 8.56am GMT Update.... Germany’s DAX just ploughed through the 12,000 mark for the first time ever.Germany's benchmark index Dax just hits fresh record high above 12k for first time on #ECB's QE. pic.twitter.com/2JXl8oLYKS 8.54am GMT Relations between Greece and Germany have not been improved by last week’s demand for war reparations.“The way the Greeks have been behaving has been impossible. Now they’re making their own demands with these reparations,” said Dorli Schneider, an interpreter waiting for a train at Munich’s central station. “Greece should pay back what they owe. We can’t forever give them more money.”Cabdriver Jens Mueller says he’s had it with the Greek government and he doesn’t want Germany to send any more of his tax money to be squandered in Athens.“They’ve got a lot of hubris and arrogance, being in the situation they’re in and making all these demands,” said Mueller, 49, waiting for fares near the Brandenburg Gate. “Maybe it’s better for Greece to just leave the euro.” 8.39am GMT Germany’s main stock index has hit a new record high, as European stock markets make a cautiously optimistic start to the week.The DAX jumped by 0.6% to 11977 points, while the FTSE 100 and French CAC are both up around 0.3%.How the Bundesbank must be seething with rage as the DAX soars by over 20% so far in 2015 as the punters believe that exports and earnings from overseas operations represent a new Klondike! 8.12am GMT Relations between Athens and Berlin over its debt crisis remain rather tense, as was illustrated by a news programme on Germany’s ARD last night.Greek finance minister Yanis Varoufakis appeared on the show (by videolink), and urged the audience that Germany should to more to assist Greece.My message to the viewers this evening is very simple: help us to grow, so that we can pay the money back.“Small, insignificant problems of liquidity should not divide Europe,”The #Varoufakis denial of the finger video is much stronger than I realised https://t.co/pzG3n6xnoN He made a boo-boo here H/T @spyridakis_kThis screengrab from the German tv show tonight pretty much sums up German/Greek situation pic.twitter.com/PEPcaAkVjFVaroufakis claims 2013 Zagreb video is faked. German journos will go after this video now. I think Yanis just got in trouble. #Jauch 7.57am GMT Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.Greece is set to make its next repayment to the International Monetary Fund Monday, further depleting cash reserves that risk running out this month unless a deal is reached with European partners.Greece will deposit about 588 million euros ($617 million) with the IMF, as scheduled, according to a Finance Ministry spokesman, who declined to be named in line with policy. As other repayments come due this week, the government said on March 14 it had a plan to “enhance its liquidity” and won’t have problems paying wages or pensions.This meeting will see the Fed update its economic and financial forecasts (summary of economic projections); and will also bring the dot plot analysis. These will be released along with the statement and the key here is whether the updated forecasts will give the Fed room to adjust its language regarding rates lift-off. Hawkish members such as Mr Bullard have suggested the Fed should remove the ‘patient’ reference at the March meeting. Continue reading...


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Greek Jews remember transport to Nazi death camps

Crowd of 2,000 marches to Thessaloniki’s old railway station, where 50,000 were sent to their deaths 72 years ago Tweet THESSALONIKI, Greece (AP) — Residents of Greece’s second-largest city on Sunday placed flowers on train tracks and inside old ...


READ THE ORIGINAL POST AT www.timesofisrael.com

Greek finance minister says liquidity problems 'insignificant': German TV

"We want a successful Europe, a successful currency union," Yanis Varoufakis told a panel discussion on German broadcaster ARD, describing liquidity problems as "insignificant" and "small" when answering a question about repayment of debt. "Our intention ...


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Lagarde: 'I Know How Hard It Has Been for the Greek Population to Pay Their Tax'

Greece needs to implement structural reforms, International Monetary Fund Managing Director Christine Lagarde said on Monday, echoing other ...


READ THE ORIGINAL POST AT greece.greekreporter.com

Should Greece Stay or Go?

Professor Galbraith has an inside look on the ongoing Greek debt dynamics, as he became friendly with the current Greek finance minister Yanis ...


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Greek PM to Visit Berlin Next Monday

ATHENS--Greece's Prime Minister Alexis Tsipras is expected to meet German Chancellor Angela Merkel in Berlin next Monday, a senior Greek ...


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The Greek Problem Is That It's Already In Breach Of The Bailout Deal

No one's really quite sure when the wheels are going to, if they even do, start falling off the Greek negotiating bandwagon. Syriza are insistent that the ...


READ THE ORIGINAL POST AT www.forbes.com

Greek city of Thessaloniki remembers deportating Jews to Auschwitz

Greek city of Thessaloniki remembers deportating Jews to Auschwitz. Memorial marks 72 years since almost 50,000 Jews from Thessaloniki were sent ...


READ THE ORIGINAL POST AT www.haaretz.com

Germany and Greece should look to Goethe to resolve their standoff

Two hundred years ago Germany’s great poet and statesman performed a U-turn that some would like to see Angela Merkel copyOn a quiet street in central Athens stands the bronze, modernist facade of the Goethe Institut, which has been teaching German and spreading enlightenment about German culture since 1952. Last week, the Greek government threatened to seize the building, together with holiday homes and other German assets. Greece is claiming €341bn (£240bn) in second world war reparations from Germany – and if the government does not confiscate the Goethe Institut, there are numerous people in Athens ready to do it “from below”.With Germany on the brink of vetoing any further debt forgiveness for Greece, the logic of angering Berlin more does not look obvious. To the uninitiated, the two countries’ animosity towards each other can seem inexplicable. Yet fascination with Greece is deep in the German psyche. And the way out of the standoff may lie in the example of Johann Wolfgang von Goethe himself: Germany’s great poet and statesman underwent his own U-turn on the issue of Greece, under the pressure of geopolitical events very similar to today’s. Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com

Bronze Mask of Greek God Pan Unearthed in Northern Israel

Researcher Dr. Michael Eisenberg of the Zinman Institute of Archaeology with the recently unearthed mask of the Greek god Pan. Photo: University of ...


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Greek pledge as state finances wilt

Greece has slipped back into deficit so far this year, according to figures from the Bank of Greece. But the country's left-wing Prime Minister Alexis Tsipras ruled out any difficulties in making payments for public sector workers' salaries or state-backed ...


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Greece: Hopeless Case

Is there hope for Greece, Europe’s worst economic sinkhole? No. Regardless of how many new bailouts or austerity renegotiations they get, the country is such a mess that optimism is fruitless. Back in its day, Greece ruled the world – albeit, a much smaller world. But that was a long, long time ago. So long ago, we routinely refer to the Greece of those days as “ancient Greece;” the only thing ...


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Greek PM to see Merkel in Berlin March 23: official

ATHENS: Greek Prime Minister Alexis Tsipras will meet with Chancellor Angela Merkel in Berlin on March 23, Athens announced Monday, as efforts mounted to reduce tensions between Greece and its eurozone partners. Merkel talked with Tsipras by telephone ...


READ THE ORIGINAL POST AT dailystar.com.lb

Greek PM to visit Merkel in Berlin

New Greek Prime Minister Alexis Tsipras has accepted an invitation to meet German Chancellor Angela Merkel in Berlin next week, his office has said. It will be his first visit since his January 25 election to Germany – a major contributor to Greece’s ...


READ THE ORIGINAL POST AT www.breakingnews.ie

Greek Crisis Tests ECB’s Credibility

When the eurozone decided in 2012 to create a banking union, it did so largely because other ideas for deepening economic integration seemed too contentious. Ceding sovereignty over national banking systems was an easier political sell than, for example ...


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Greece set for IMF repayment as cash reserves risk running dry – Bloomberg

Greece is set to make its next repayment to the International Monetary Fund (IMF) Monday, further depleting cash reserves that risk running out this month unless a deal is reached with European partners, Bloomberg reported. Greece will deposit about €588 ...


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Varoufakis on German TV: Greece has things under control

Finance Minister Yanis Varoufakis says Greece has things mostly under control, despite worries about the country's cash supply. Speaking on German TV, Varoufakis also repeated a call for German war reparations. Varoufakis told ARD ...


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Greece makes IMF payment

The Greek government has handed over the €580m due to the International Monetary Fund on Monday, according to Bloomberg. That means Greece has cleared most of the money owed to the IMF this month, but still faces another €350m bill on ...


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Greece must implement structural reforms, Lagarde says

Greece needs to implement structural reforms, International Monetary Fund Managing (IMF) Director Christine Lagarde said on Monday, adding that she felt strongly for taxpayers of the debt-strapped eurozone member state. Lagarde made the comment at a question-and-answer session with students ...


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Spain pressures Greece to keep promises in debt crisis

MADRID: Spain raised the pressure on Greece Monday to "honour its commitments" to its European partners to end its debt crisis and prevent its ...


READ THE ORIGINAL POST AT economictimes.indiatimes.com

Tourism in Greece set to boom – CNBC

Diplomatic relations between Athens and the rest of Europe may be at a low ebb, but there is one part of Greece that is clamouring for overseas visitors, CNBC reported. Christina Kalogera, director of the Greek National Tourism Organization's ...


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Greece revises down 2014 primary surplus estimate to 0.3 percent

Greece entered a period of political instability towards the end of 2014 as parliament failed to elect a president triggering a snap national election won ...


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Greece 'Not Running Out of Money', PM Tsipras Says

European Parliament President Martin Schulz also added fuel to the fire, telling EurActiv that Greece "urgently needs money" and has to convince the ...


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Greek minister asks for 'breathing space' from EU partners

Alternate Minister for International Economic Relations Euclid Tsakalotos on Monday delivered a keynote speech at the Economist Conference on “Greece and its creditors: a win-win deal? The strategy, the risk, the outcome” and asked the country’s partners for more time ...


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More visitors at Greek museums, sites

The number of visitors at Greek museums was up by 15.8 percent in November 2014, while the cultural institutions saw a 25.4 percent increase in their receipts compared to the same month last year, the Hellenic Statistical Authority (ELSTAT) revealed ...


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Greece could be shut out of Schengen over migration threat: Dutch prime minister

If Athens presses ahead, Greece could be excluded from the Schengen open border area very quickly, the prime minister is quoted as saying by the ...


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Germany and Greece: A couple in need of counseling 16.03.2015

Greece's financial management is dubious, full of technical errors and communication is simply disastrous. What is promised at the negotiation table ...


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German public, tired of Athens' demands, want Greece to leave eurozone

Markus Schreiber/AP PhotoTensions have been escalating between Greece and Germany since Prime Minister Alexis Tsipras took office in January, ...


READ THE ORIGINAL POST AT business.financialpost.com