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Friday, October 30, 2015

Greece Outlines Bank Recapitalization Plan

ATHENS—Greece unveiled its bank recapitalization framework Friday and is expected to vote it into law Saturday evening, hours after the European Central Bank ...


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Latest Migrant Tragedy in Aegean Highlights EU Divisions

Greece criticizes EU handling of refugee crisis as death toll from Aegean Sea sinkings rises


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Greece puts forward bank recap bill ahead of stress test ...

ATHENS: Greece on Friday put forward a bank recapitalisation bill that outlines how new funds will be pumped into its ailing banks to shore up their ...


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Greece criticizes EU handling of refugee crisis as death ...

Greece criticizes EU handling of refugee crisis as death toll from Aegean Sea sinkings rises Latest migrant tragedy in Aegean highlights EU divisions


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This Online University For Refugees Was Inspired By Co-founder's Chance Encounter With Gambian Refugee

How can the millions of refugees arriving in Germany be integrated? This will be Germany's biggest challenge. Many politicians and experts would agree that the key to successful integration lies in providing education for refugees and displaced people. And that's also exactly what many refugees seek: a chance at receiving a decent education. But they’re currently being denied the opportunity. They are required to learn German before they're allowed to enroll in universities. They would also need to present identification documents, which some refugees may have lost, after spending months on the road. They are also required to present their school transcripts, after crossing the Mediterranean on a boat, with nothing but a small backpack. Markus Kressler, a 25 year-old psychology student, has a great solution for this serious problem. He teamed up with fellow student Vincent Zimmer, and a large group of volunteers, to establish a university dedicated to refugees: Kiron University. (It was named after Chiron, a creature known in Greek mythology for his nurturing nature.) > On the one hand, there was me, the student with endless > opportunities. And on the other hand, there was Capoko, who left > everything behind in Gambia, where he had no future. >  Markus Kressler Kiron University seeks to eliminate the obstacles refugees face in their search for education. Applicants are only required to submit documentation of refugee status, or proof that they are in the process of acquiring it. "In order to make sure that this diploma is recognized by universities, we're working with them to build a curriculum," Kressler says in an interview with HuffPost Germany. Kiron University is collaborating with universities across Germany, as well as international schools, including Yale and Harvard. At Kiron, refugees can study economics, engineering, information technology, intercultural studies or architecture. The founders expect to expand their course offerings in the next few years.  Kiron’s three-year programs are all tuition-free. The students take online courses for the first two years, during which they are given time to gather missing documents. They will start attending classes on campus in the program's third year. > We'll show the skeptics that there are very motivated, invested > people coming here. >  Markus Kressler One of the motivations behind this project is to help refugees integrate into German society. "Education makes it possible to take an active role in society, insofar as you can be self-sufficient and contribute something meaningful," Kressler says. But it was an encounter that Kressler had with a refugee three years ago that really inspired this project. "I met Capoko, who came from Gambia, in a kebab shop one night," he recalls. At the time, Capoko had just arrived in Germany. "He sat there, completely frozen, absolutely alone." Kressler decided to take the man in, and one night turned into six months. "At the time, it was like our worlds clashed. On the one hand, there was me, the student with endless opportunities," Kressler says. "And on the other hand, there was Capoko, who left everything behind in Gambia, where he had no future." Kressler’s new friend from Gambia was deported, even though all he wanted was to study. "I believe that this encounter planted the seed for what we're building now," reflects Kressler. Kiron University is well on its way to securing funding for the first 1,000 students: The founders have launched a crowdfunding campaign to supplement the donations that have been contributed by various foundations. Kiron does not merely aim to provide an opportunity for refugees: it also gives a voice to those who oppose so-called concerned citizens who aren't in favor of granting asylum to refugees in Germany. "We'll show the skeptics that there are very motivated, invested people coming here," Kressler says. "If they don't already have an education yet, we have to make education available to them." "After all," he says, "it's not like anybody is ever happy to leave behind their own corner of the world. None of us would enjoy that."  _This story originally appeared on __HuffPost Germany. It has__ been translated into English and edited for clarity._ _RELATED ON HUFFPOST: _ _These Swedish Entrepreneurs Want To Help Fly Refugees To The EU_ _Four Refugees Moved In With Me And This Is What I Learned_ _Berlin-Based Company Refuses To Deliver Razor Wire To Hungary _ _German Captain Crowdfunding Boat To Rescue Refugees In Mediterranean_ _What One Priest In Germany Is Doing To Address The Refugee Crisis_ -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.


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Greek Authorities Raise Death Toll in Shipwreck

LESBOS: The latest in the odyssey of hundreds of thousands of people crossing Europe in search of a new life. All times local. 8:30 p.m. Greek authorities ...


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Philanthropy, support all a part of Greek life

It isn’t a college requirement for UC Berkeley students to throw philanthropic events, but for senior Lauren Murphy, it was a labor of love. With the support and ...


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City of Athens to Participate in World Cities Day Festivities on Saturday, October 31

Athens will participate in the celebrations for the World Cities Day on Saturday October 31 with a series of events. The Greek Tourism Confederation (SETE), devoted to the effective promotion of the City of Athens, is embracing the occasion of the World Cities Day transforming the city into a single stage of parties and celebrations.


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Varoufakis Praises German Chancellor and Doubts Greek Prime Minister

Former Greek Finance Minister Yanis Varoufakis, who held his ministerial post from January until his resignation on July 6 2015, once again expressed his disbelief in the success of Greece’s new bailout program while praising Germany’s approach to the refugee crisis. During an interview with German newspaper Deutsche Welle, Varoufakis’ resignation was followed by the


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German Finance Minister’s Spokesperson Issues Warning on Bailout Prior Actions

The German Finance Minister’s Spokesperson Martin Jeager noted during a press conference on Friday that Greece must stick to its bailout commitments in order to unlock additional funding. The Greek government and international creditors have yet to agree on the prior actions Greece must legislate before the disbursement of two billion euros of bailout funds. The funds were


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The Latest: Greek Authorities Raise Death Toll in ...

LESBOS, Greece — The latest in the odyssey of hundreds of thousands of people crossing Europe in search of a new life. All times local. 8:30 p.m. Greek ...


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Europe migrant crisis: 13 children among 22 asylum seekers drowned off GREEK coast

At least 22 asylum seekers, among them 13 children, have drowned after two boats sank off the islands of Kalymnos and Rhodes, GREEK port officials ...


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Migrant crisis makes me ashamed to be in EU, says GREEK PM

Alexis Tsipras, the GREEK prime minister, said the deaths of refugees on the shores of the holiday islands of the Aegean have made him ashamed to be ...


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The Ancient Greeks Sacrificed Ugly People

The ritual was called pharmakos, and while it may be gone, the psychological underpinnings still reverberate today.


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The Latest: Greece: New shipwreck kills refugees off Lesbos

The latest in the odyssey of hundreds of thousands of people crossing Europe in search of a new life. All times local.


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1940: Rome Expects Greek Collapse

In Our Pages 1940: Rome Expects Greek Collapse. From the International Herald Tribune archives: Italy’s assault on Greece threatens its leaders in 1940.


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Fatigued refugees trapped in Slovenia and Greece

Thousands endure cold weather to cross to Austria from Slovenia, as many more risk their lives off the waters of Greece.


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Treacherous Aegean Sea claims more migrant lives

Dozens of refugees have perished trying to cross from Turkey to Greece this week. Authorities say the death toll is likely to climb as cold winter weather approaches.


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Greek Government Issues New Decree on Pharmacy Licences

The Greek government has taken a firm stance on the disputed reform in licensing for new pharmacies by issuing a ministerial decree which allows licences ...


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AP PHOTOS: Syrians in Istanbul prepare for long journeys

Once they get to Greece, most head for wealthier nations in northern and western Europe. Since the start of the Syrian civil war, the refugee crisis has cost Turkey nearly $8 billion, government officials say.


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Greece and the European Project: Canary in the Coal Mine?

After serving for two challenging years in the chaos of a war zone as the Deputy Chief of Mission in Iraq, I received word that I would become the next Ambassador to Greece. To be quite honest, I had mixed feelings. I looked forward to the challenge, but I imagined the post would be too sedate compared with the adrenalin-charged days and world-shaping events in Iraq. It was anything but. Within a year of my arrival, the streets were aflame with violent protests over a police shooting of a teenager. A year later, snap elections brought a socialist government to power. And soon thereafter, the onion was further peeled to expose a financial crisis and a crumbling economic foundation built on a corrupt, oligarchic, and debt-addicted system fed by billions of dollars of public and private EU loans and grants. Even from the beginning of the debt crisis it was obvious that more was at stake than a default by Greece, which represents only about two percent of the Eurozone's econ­omy. Even more alarming was the fact that Greece's financial collapse had the potential to create a "Lehman Brothers" phenomenon, setting off a wildfire that could spread to other weak economies and leave the European banks exposed. The crisis quickly became a test, not just for the Greek economy and polity, but for the European Union and its institutions as a whole. Luckily, EU leaders dug in, worked through an agreement that shifted the debt from the private sector to the public sector, and bought several years for European banks to get their houses in order. This was a good solution--for the short run. But Greece was left with an unsustainable debt burden of nearly twice its GDP and managing write-offs only became politically more difficult, as the link to taxpayers' pocketbooks in these other countries became more direct. The quagmire faced by Greece is not just economic. Running out of the easy money that had flowed for decades, masking the country's underlying structural problems, has meant the breakdown of the social contract, exposing the great inequity in Greece between rich and poor and squeezing the middle class. The flow of EU funds and private capital had kept the economy humming and postponed the harsh reality of an austerity budget: higher taxes and painful cuts in public spending for things like public salaries, pensions, health care, social services, education, and infrastructure. But this all fell apart when the tap was turned off. As happens all too often, those at the bottom rungs of the economic ladder were hurt the worst. And the stress on the entire population sent the political system into convulsions. Four elections in three years. The propelling of a radical left coalition into power. The rise of far-right and nationalist parties. And the near destruction of a center-left party that had alternately governed with the main center-right party for 40 years. Many suggest Greece is an exception, an isolated example of a profligate, sunny Mediterranean country with a laid-back lifestyle, unlike that of the climate-challenged, hardworking northern Europeans. But while Greece may lie at one end of the spectrum in terms of financial mismanagement, tax avoidance, corruption, and past reliance on external financing, it probably has much more in common with many countries in the Eurozone than many in Europe would want to admit. For one, many countries are supporting social programs that will be unsustainable as their overall populations age. While reliance on immigration may be a long-term answer, the medium term is going to see more stress on their economies, with all the social and political problems that entails. Second, Greece is not the only country to see a slow deterioration of its social contract. In many places, there is a growing disparity between parts of society that are enjoy­ing success and those who have been left out. The immigration over previous decades that has brought higher birthrates and younger populations has for now only exacerbated this gulf, creating enclaves of haves and have-nots who are alienated from the larger community. Third, the rest of Europe is not immune to the political instability and flight to the extremes that can accompany the economic and structural strains that are coming down the road for many of the other states. This is already evident in the dramatic rise of the far left in Spain, to the rise of far-right, nationalistic movements in France and Germany, to authoritarian tendencies in Hungary. And last, the European Union and its institutions work well in times of economic growth, but when times get tough, the spirit of compromise and consensus-building comes under strain. From issues of open borders and the free flow of people, labor, and goods, to developing a unified foreign and security policy, the European Union is struggling to maintain the ground it has already gained, much less keep from backsliding. Greece is less an outlier in Europe than a canary in a coal mine. That is not to say that other countries are on the precipice of collapsing the way Greece did--although I suspect this will not be the last EU country to face these kinds of challenges--but that the experience with Greece has a lot to say about the health of the European project. This should be of grave concern to us in the United States. The depth and breadth of Europe's economic turmoil means that this is not a short-term issue, and that the European Union is going to be focused inward for some time to come. The challenge for us is that we need a strong European Union, as a beacon of the values we share and as a like-minded international actor, now more than ever. While there are no simple solutions to problems of this magnitude, there are some implications for US economic and foreign policy. First, as we look to our own monetary and fiscal policy, we need to understand the importance of the United States as the engine of global growth. As the European Union's largest trading partner, its ability to weather the current and future challenges will be significantly improved by the continued strengthening of our economy. Conversely, should our recovery begin to stall or backslide, the repercussions will be doubly felt in Europe. Second, we need to show strong leadership in international foreign policy and secu­rity challenges, avoiding where possible new flash points with the Russians or the Chinese, while not allowing these and other countries to take advantage of our strongest partners' current inward focus. Third, we should reinforce the central EU institutions and power as the best check on unhealthy moves away from our fundamental shared values toward nationalism, populism, and destructive economic policies. And last, in spite of its significant limits, we need to continue to disproportionately invest in NATO (compared to our European allies) as the best security structure to protect Europe, as well as the most efficient way to share the burden and build shared capabilities across European countries in times of economic stress. Greece should not be viewed as a special case, but as an opportunity to learn from its example. It should spur us to seriously address the fundamental challenges we and our European partners face in maintaining healthy political systems that support fair, inclusive, and economically just societies in the midst of massive generational and transformational changes in our global economy and demography. And it should make clear the need to lean in to support our European partners and institutions rather than look to challenges on the European Continent as "their problem." _This article first appeared in The Ambassadors Review, a publication of the Council of American Ambassadors._ -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.


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Two more wade into Greek LM fray

Alpha Bank and Eurobank became thelatest Greek lenders to launch liability management exercisesthis week as they scramble to fill capital holes.


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“Heating allowance”: Austerity mind-set thinks poor Greeks freeze less in the South

This year’s ‘heating allowance’ for the poor and the needy will be cut by 50%. The total amount from the state budget will drop from €210 million last winter down to just €105 million. Blame the austerity, the bailout programs, the prior actions  and the shortage of liquidity. In the […]


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Schaeuble: There can be “no let-out” for Greece over the Refugees Crisis

Ah, No! What if Greece is struggling with the economic crisis and in addition with the huge refugees problem. Germany remains Germany and sticks to the rules and the books. There cannot be “additional let-outs for Athens,” the German Finance Ministry warned on Friday ‘seeing’ plenty of flexibility in the […]


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Greece asks for resignation of securities watchdog chief ...

ATHENS (Reuters) - Greece's leftwing government has asked for the resignation of the country's chief securities regulator, a government source told Reuters ...


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22 die in migrant boat shipwrecks near Greece; prime minister blasts European 'ineptness'

… to reach Spain from Morocco. Greek Prime Minister Alexis Tsipras voiced … 35 people are still missing. Greece is the main point of … influx has overwhelmed authorities in Greece, which is struggling through its …


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Greek Unemployment Rates Are the Highest in the EU

Eurostat figures released on Friday place Greece at the top of the unemployment table within the Eurozone as well as the European Union. Greece’s figures, which take into account data available until the month of July, show a 25% seasonally adjusted unemployment rate, which translates to 1,197,000 people without a job. Spain, with an unemployment rate of 21.1% in


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The Cost of Dying in Greece

The post The Cost of Dying in Greece appeared first on The National Herald.


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World Press View: The Disgrace of Refugee Child Drownings

While European Union leaders have meetings with good dinners, refugee children are dying by the dozens trying to reach Greece for safety. The post World Press View: The Disgrace of Refugee Child Drownings appeared first on The National Herald.


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At least 17 children among 26 migrants dead on Aegean

At least 26 migrants, including 17 children, have died while dozens remain missing after boats carrying migrants from Turkey to Greece sank in three deadly incidents in the Aegean Sea


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GREEK Banks Need 14 Billion Euros, Report Claims

The four major GREEK banks need 14 billion euros to cover their capital needs, according to Reuters. A Reuters report cites two European officials who ...


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GREEK premier condemns EU as more migrants die in the Mediterranean

At least three more people - a woman, a child and a baby - died when another migrant boat sank off the nearby GREEK island of Rhodes, and three ...


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Refugee Crisis: Yvette Cooper Says Harness 'Huge Public Support' Amid Fears Government Can't Cope With 4,000 People A Year

Source: www.huffingtonpost.co.uk - Friday, October 30, 2015 The British Government has been urged to harness the "huge support" for refugees fleeing conflict as MPs warned the country will struggle to cope with 20,000 people re-settling in the next five years. The Home Affairs Select Committee of MPs has today warned of the "huge change in the scale" in the number of refugees the UK is accommodating. Chairman Keith Vaz points out the 4,000 refugees per year is in stark contrast to 1,039, the highest annual number resettled in the last ten years. Ministers have so far refused to say how many people have already arrived in the UK - though Mr Cameron said he hoped 1,000 would arrive by the end of the year - leading to fears about its action plan. The MPs call on ministers to think again about rejecting the offer from thousands of members of the public to put refugees up in their homes . "At no point in the recent past has the UK come near to resettling 4,000 refugees in one year," the committee's report says. Labour MP, Yvette Cooper, who chairs Labour's refugee taskforce, told The Huffington Post UK the Government can do better, arguing Britain accepted 4,000 Bosnian refugees in 1992 within weeks of them being displaced by the conflict in the Balkans. Yvette Cooper in Lesbos: "The refugee crisis is getting worse not better." Ms Cooper, former Shadow Home Secretary who has just returned from the Greek island of Lesbos where thousands of refugees Syrian and Iraqi refugees are holed up, has ca All Related


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EBRD to take part in Greek banks' recap- fin ministry ...

Greece's finance ministry saidon Friday the European Bank for Reconstruction and Development(EBRD) will take part in the recapitalisation of the country ...


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Bones/Sleepy Hollow Crossover Recap, Part 2: It's All ...

Calling Crane a “turncoat,” the dead baddie willingly steps into a wall of Greek fire and crisps himself right outta existence. I know he’s a terrible ...


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Discovery of 22 shipwrecks off Greece offers glimpse into ...

In the Fourni archipelago of the Greek Aegean region, towering underwater cliffs descend into the darkness of the deep sea. Marine archaeologists comb ...


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Kurdish pop singer barely survives Aegean migrant shipwreck

LESBOS, Greece (AP) — Delal Zaxoyi left his career as a pop singer in northern Iraq for a chance to make a new life in Europe — but he barely got out of the Aegean Sea alive.


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Ferry strike in Greece

Seafarers are going on strike in Greece during the first week of November. This will also affect tourists who want to use a ferry. Further strikes could disrupt services in other tourism sectors too.


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Transformation: Today's Watchword for the Whole of Wealth and Asset Management

These are lucrative times for the wealth and asset management industry. Bouts of Greece-, China- or some other tumult-driven volatility notwithstanding, the years since the downturn of 2008 have seen extraordinary growth in valuations and assets under management (AUM). The Investment Company Institute says total mutual fund assets grew from [...]


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Titanic Cracker Sells For $23,000

A collector in Greece has purchased a single cracker that survived the sinking of the Titanic in 1912 for £15,000 (roughly $23,000 US). According to the auctioneers, Henry Aldridge & Son, the cracker was saved by James Fenwick, a passenger on the SS Carpathia — which went to rescue survivors [...]


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Greece reconsiders a tax on private education

BEFORE Greece’s snap elections in September, the outgoing left-wing government laid out plans for a value-added tax of 23% on private education.


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Greek Premier Condemns Europe’s Response to Migrant Crisis

Prime Minister Alexis Tsipras railed against other leaders for not providing a safe alternative for the thousands trying to reach the Continent in rickety boats across treacherous seas.


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Greece: Capsized Boat Kills 22 Migrants In Aegean Sea

LESBOS, Greece (AP) — Greece's prime minister lashed out against European "ineptness" in handling the migration crisis after 22 people drowned in two shipwrecks Friday. The Merchant Marine Ministry said 19 people were killed and 138 were rescued near the eastern Aegean Sea island of Kalymnos, in one of the worst accidents in Greek waters since the mass migrant flows started after the war in Syria. At least three more people died when another migrant boat sank off the nearby island of Rhodes, and three more were missing. On the islet of Agathonissi, a fisherman recovered the body of a boy missing from yet another accident on Wednesday. Nearly 600 people were rescued by the coast guard in the past 24 hours, while thousands more made it safely to the islands.   The death toll in the Aegean over the past three days has now reached nearly 50 — mostly children — while in Spain rescuers found the bodies of four migrants and are searching for 35 missing from a boat that ran into trouble trying to reach Spain from Morocco. Greek Prime Minister Alexis Tsipras accused Europe of an "inability to defend its (humanitarian) values" by providing a safe alternative to the dangerous sea journeys. "I want to express ... my endless grief at the dozens of deaths and the human tragedy playing out in our seas," he told parliament. "The waves of the Aegean are not just washing up dead refugees, dead children, but (also) the very civilization of Europe." Tsipras accused western countries of shedding "crocodile tears" over children dying in the Aegean but doing little for those who make it across. "What about the tens of thousands of living children, who are cramming the roads of migration?" he said. Tsipras blamed the migrant flows on western military interventions in the Middle East, which he said furthered geopolitical interests rather than democracy. "And now, those who sowed winds are reaping whirlwinds, but these mainly afflict reception countries," he added. "I feel ashamed of Europe's inability to effectively address this human drama, and of the level of debate ... where everyone tries to shift responsibility to someone else," Tsipras said. Four coast guard patrol vessels, a helicopter and three fishing boats helped rescue the survivors off Kalymnos, and nobody was listed as missing, the Merchant Marine Ministry said. The accident occurred shortly before midnight Thursday, when the wooden boat in which the migrants had left from Turkey took on water and sank in moderately strong winds. Meanwhile, authorities on Friday raised to 16 the number of deaths from another migrant ship disaster off the island of Lesbos on Wednesday. They said 274 people have been rescued in total, while one more migrant remains listed as missing. In Spain, the Marine Rescue service said Friday 15 migrants were found alive on the boat Thursday in the Mediterranean Sea, south of the Spanish port of Malaga, and four bodies were recovered. Some 35 people are still missing. Greece is the main point of entry for people fleeing war and poverty in the Middle East and Africa and seeking a better life in Europe, after an alternative sea route from Libya to Italy became too dangerous. Well over half a million — mainly Syrians and Afghans — have arrived so far this year from the nearby Turkish coast, as European governments weigh taking tougher measures to try to limit the number of arrivals in Europe. The influx has overwhelmed authorities in Greece, which is struggling through its worst financial crisis in decades. Tsipras' left-led government has appealed for more assistance from its EU partners. It argues that the migrants should be registered in camps in Turkey from which they could be directly flown to host countries under the EU's relocation program, in order to spare them the perilous sea voyage. > RELATED STORIES:  >  > - A Thousand Miles In Their Shoes > - How You Can Help Refugees Stay Safe And Warm This Winter > - 5 Major Myths Of Europe's Refugee And Migrant Crisis Debunked > - Read The Diary Of Syria's Piano Man On His Escape To Europe > - Bombings Are A Brutal Reminder Of Why Syrians Are Fleeing Europe   _ALSO ON HUFFPOST:_ -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.


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Refugee Shipwrecks Off Greece Leave 50 Dead in 3 Days

Nearly 600 people were rescued by the coast guard in the past 24 hours


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17 children drown off Greece as refugees brave stormy seas ...

Athens (AFP) - At least 17 children drowned when three boats sank en route from Turkey to Greece, officials said Friday, the latest tragedy to strike migrants braving ...


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Greece blasts EU as shipwrecks leave 31 more refugees dead

LESBOS, Greece (AP) — Greece's prime minister lashed out Friday at European "ineptness" in handling the continent's massive immigration crisis after 31 more people — mostly children — drowned in shipwrecks in the Mediterranean Sea.


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The Aegean Graveyard: 17 infants & children drowned in 48 hours

More than 48 people lost their lives in the cold waters of the Aegean Sea between Turkey and Greece during the last three days. Babies, children, women and men were drowned in their struggle for a better life. Only a few hours after the tragedy with 16 dead and more […]


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Lifejacket 'mountains' on Greek island

… of lifejackets abandoned on the Greek island of Lesbos by migrants … majority have landed on the Greek islands closest to Turkey.


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Greek PM says Europe is crying 'crocodile tears' as migrants drown

… missing. Coastguard rescues refugees off Greek island of Lesbos on Wednesday … 35 people are still missing. Greece is the main point of … influx has overwhelmed authorities in Greece, which is struggling through its …


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17 children die as refugees brave stormy seas to reach Europe

At least 17 children drowned when three boats sank en route from Turkey to Greece, officials said Friday, the latest tragedy to strike migrants braving wintry seas to seek asylum in Europe.


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