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Showing posts with label Greece. Show all posts
Showing posts with label Greece. Show all posts

Tuesday, July 16, 2019

Greece's new government: Can Greece become EU's 'most business-friendly' country? - by Symela Touchtidou

Greece will become "the most business-friendly country of the European Union", new Minister for Growth and Investments Adonis Georgiadis told Euronews on Monday.

Georgiadis has been given one of the most challenging jobs in Greece by newly-elected Prime Minister Kyriakos Mitsotakis: revive the country's economic growth.

But in an exclusive interview with Euronews, he appeared undaunted by the task ahead.

"We are going to reduce taxation and we are going to vanish bureaucracy. We will have a new legislation in August that will change almost all legislation, in order to make doing business in this country very easy," Georgiadis said.

"We want to say to everybody: "if you want to earn money and make business, now is time to come to Greece"," he added.

Plans to cut taxation have raised eyebrows in Brussels. Greece's former creditors send the message that fiscal policy should remain tight to achieve the agreed budget targets but Georgiadis is not worried: "The European Union wants to have a success in Greece. We will give success to the European Union.

We are proud to be Greeks, we are proud to be Europeans," Georgiadis said.

For the complete report go to:
https://www.euronews.com/2019/07/15/can-greece-become-eu-s-most-business-friendly-country 

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Tuesday, August 21, 2018

British Economy: UK records biggest July budget surplus since 2000 - as it happened

t’s been a good day for UK chancellor Philip Hammond as far as the country’s public finances go, with the best July budget surplus for 18 years.

But factory growth was less impressive in August, according to the CBI.

Meanwhile the dollar has weakened after President Trump took the Federal Reserve to task for continuing to raise interest rates.

And in Greece, prime minister Alexis Tsipras has said Greece is at the beginning of a new era following its exit from its longstanding bailout programme.

Read more: UK records biggest July budget surplus since 2000 - as it happened | Business | The Guardian

Sunday, February 4, 2018

The EU Refugee problem: The George W. Bush refugees - and the mess -- including populism - the U.S. played such a large part in creating

George W.Bush "the mission is over" - who was he kidding?
On September 18, 2015 Andrew Bacevich wrote in Politico something which not only the US Government, but also its European NATO partners have never openly admitted.

"As migrants have poured into Europe, Americans must bear the blame".

"if you break it you own it.” Colin Powell’s Pottery Barn Rule, warning George W. Bush of the consequences of invading Iraq.

Bush broke it — “it” being a swath of the greater Middle East. But the U.S. and their European NATO partners, the so-called "coalition of the willing" adamantly refused to accept anything like ownership of the consequences stemming from Bush’s recklessly misguided act.

Not least among those consequences is the crisis that finds refugees fleeing Syria, Iraq, Afghanistan and other parts of the Islamic world in search of asylum in the West. The European nations most directly affected have greeted this wave with more hostility than hospitality — Germany, for a time, at least offering a notable exception.

For its part, the U.S. has responded with pronounced indifference and silence. In a gesture of undisguised tokenism, the Obama administration announced it would admit a grand total of 10,000 Syrians — one-eightieth the number that Germany has agreed to accept in one year alone. Obviously the situation is now even more grim for refugees wanting to come to America, with Trump's "Make America Great Again" anti-immigration policies.

No doubt proximity plays a part in explaining the contrast between German and U.S. attitudes. Viewed from Wichita or Walla Walla, the plight of those who hand themselves over to human traffickers in hopes of crossing the Mediterranean plays out at a great distance.

Syria is what Neville Chamberlain would have described as a faraway country of which Americans know nothing (and care less). And Iraq and Afghanistan are faraway countries that most Americans have come to regret knowing.

However, To attribute the European  refugee crisis to any single cause would also be misleading. A laundry list has contributed: historical and sectarian divisions within the region; the legacy of European colonialism; the absence of anything even approximating enlightened local leadership able to satisfy the aspirations of people tired of corruption, economic stagnation, and authoritarian rule; the appeal — inexplicable to Westerners — of violent Islamic radicalism. All play a role.

Such attitudes may be understandable. They are also unconscionable.

Yet when it comes to why this fragile structure collapsed just now we can point to a single explanation — the cascading after-effects of a decision made by Bush during the spring of 2002 to embrace a doctrine of preventative war.

The previous autumn, U.S. forces toppled the government of Afghanistan, punishing the Taliban for giving sanctuary to those who plotted the 9/11 attacks. Bush effectively abandoned Afghanistan to its fate and set out to topple another regime, one that had no involvement whatsoever in 9/11.

For Bush, going after Saddam Hussein’s Iraq formed part of a larger strategy. He and his lieutenants fancied that destroying the old order in the greater Middle East would position the U.S. to create a more amenable new order. Back in 1991, after a previous Iraq encounter, Bush’s father had glimpsed a “new world order.” Now a decade later, the son set out to transform the father’s vision into reality.

The administration called this its Freedom Agenda, which would begin in Iraq but find further application throughout the greater Middle East. Coercion rather than persuasion held the key to its implementation, its plausibility resting on unstoppable military power. For Bush’s inner circle, including Dick Cheney, Condoleezza Rice, Donald Rumsfeld and Paul Wolfowitz (but not Powell), victory was foreordained.

They miscalculated. The unsettled (but largely ignored) condition of Afghanistan after the fall of the Taliban already hinted at the extent of that miscalculation. The chaos that descended upon Iraq as a direct result of the U.S. invasion affirmed it. The Freedom Agenda made it as far as Baghdad and there it died.

That Saddam was a brutal tyrant is a given. We need not mourn his departure. Yet while he ruled he at least kept a lid on things. Bush blew off that lid, naively expecting liberal democracy or at least deference to American authority to emerge. Instead, “liberating” Iraq produced conditions conducive to the violent radicalism today threatening to envelop the region.

So rather than cluck over the reluctance of Greeks, Serbs, Hungarians and others to open their borders to those fleeing from the mess the U.S. played such a large part in creating, Americans would do better to engage in acts of contrition.

The US, even under the leadership of Donald Trump, should at least understand that it is never too late to say they are sorry for creating this total mess in the Middle East and Afghanistan, which saddled the EU and Turkey up with millions of refugees, and indirectly, as a result, also created ISIS.

As to the EU,  it is never too late to recognize, they finally must get off the lap of Uncle Sam, develop their own independent foreign policy, and stop being part of disastrous US military  adventures.

EU-Digest

Friday, August 11, 2017

Chemical Giants: The World vs. Monsanto: A Short History of the Battle Against the Most Evil Corporation on the Planet - by Jason Louv

Starting in 2013, the Monsanto Company made a major play to not only consolidate its control over the agribusiness industry, but to seize permanent control of the entire world’s food supply. Ultraculture, and the entire world, fought back. Here’s a history of the Great Monsanto War of 2013-15.

From 2013 to 2015, Ultraculture helped lead the charge against the Monsanto Company, and worked to guide and encourage the global effort to get chemicals and genetic tampering out of our food supply.

Monsanto has relentlessly and ruthlessly lobbied for the ability to re-engineer our food for profit, without consumers knowing what it’s doing—particularly in the United States.

Thanks to a network of lobbyists passed through the “revolving door” between public office and private corporate appointments, Monsanto has been able to operate largely without the American public having any awareness of its actions.

But nothing can stay hidden for long. Our reporting on Monsanto rocketed to the top of Reddit, breaking the story of the “Monsanto Protection Act,” helping to initiate the global furor that prompted the two-million-strong “March Against Monsanto” and forcing the company into backpedal mode as its stock took a hit.

All of this reporting (which we followed up with by breaking the story of the TPP at Vice News) resulted in a book, Monsanto vs. the World, which took a critical and investigative look at the company and has since become a lasting success, achieving ongoing sales, becoming a go-to text of the anti-GMO movement and being placed on the syllabus of multiple college courses.

Now it’s time to round up all of our Monsanto reporting into one cornerstone post, which collects the best of our reporting to archive the history of the Great Monsanto War for posterity. The fight against Monsanto—and genetic (specifically transgenic) tampering with food—goes on, and it’s important to have the information summarized for easy access.

To read the  the complete report click here: The World vs. Monsanto: A Short History of the Battle Against the Most Evil Corporation on the Planet

Saturday, June 24, 2017

Greece credit rating upgraded at Moody's, outlook revised to stable - Tomi Kilgore

Greece's sovereign bond rating was upgraded one notch to Caa2 from Caa3 at Moody's Investors Service, citing the release of a EUR8.5 billion tranche under the country's adjustment program allowing the repayment of debt, improved fiscal prospects and tentative signs of a stabilizing economy.

The outlook was revised to positive, which implies another upgrade is likely, from stable.

The sovereign bond rating isstill 8 notches below investment grade. The short-term debt rating was
affirmed at not prime.

"Beyond the near-term impact of allowing Greece to repay upcoming maturities, we consider the conclusion of the review to be a positive signal regarding the future path of the program, as it required the Greek government to legislate a number of important
reform measures,"

Moody's said in a research note. "The decision to assign a positive outlook to the Caa2 rating reflects Moody's view that the prospects for a successful conclusion of Greece's third adjustment program have improved, which in turn raises the likelihood of further debt relief."

For additional information go to Market watch

Friday, June 16, 2017

Greece Economy: A positive agreement for Greece

On 15 June, Greece’s creditors, Eurogroup, acknowledged the achievements of the Greek government on the implementation and outcome of fiscal policy measures.

The release of the next bailout tranche was agreed; more clarity was provided on the debt relief roadmap as well as next steps towards boosting growth.

These developments have delivered a positive signal to the markets and the Greek people, indicating that the Greek economy is steadily exiting the final stages of a longstanding and harrowing financial crisis.

For the first time since 2010, Greece’s creditors have pledged to prioritize a growth-oriented model that entails the participation of the European Investment Bank in medium- and large-scale investment projects, as well as the creation of a Greek Development Bank – a proposal that the Greek government has made since 2015.

The reluctance of the German finance minister, Wolfgang Schaeuble, to accelerate the conclusion of the bailout review was significantly addressed after the Greek government, the European Commission, the French government and the progressive forces in the European institutions pressured the Eurogroup to agree to Greece’s bailout review.

The French played a mediating role for the need to develop growth policies, so that the Greek economy can start warming its engines.

Read more: A positive agreement for Greece

Tuesday, May 16, 2017

Turkey: EU warns Turkey after it violates Greek airspace 141 times in one day – by Sarantis Michalopoulos

T
EU Euro-fighters  ready to chase Turkish intruders
Turkish aeroplanes and helicopters illegally entered Greece’s airspace 141 times yesterday (15 May), the Hellenic National Defence General Staff reported.

According to Greek press reports, 20 Turkish F-16, 5 CN-235 maritime surveillance aircraft and 19 helicopters entered the Athens flight information region (FIR) without submitting a flight plan.

In all cases, Turkish aircraft were identified and intercepted by Greek fighters, while in nine cases the interception process resulted in near combat situations.

In addition, two Turkish missile boats entered Greek territorial waters off the southeast Aegean island of Agathonisi.

The vessels, which were taking part in a maritime exercise code-named Denizkurdu (Seawolf), stayed in Greek territorial waters for about 20 minutes. As Kathimerini journal reported, last month Agathonisi was described as a “Turkish island” by Turkey’s Minister of European Union Affairs Omer Celik.

While the EU and the international community recognise the sovereignty of Greece over the Greek Aegean islands, Turkey has a list of issues regarding the delimitation of territorial waters, national airspace, exclusive zones, etc. Ankara also claims “grey zones” of undetermined sovereignty over a number of small islets, most notably the islets of Imia/Kardak.

The serious incidents occurred just a few hours after the meeting of Greek premier Alexis Tsipras with Turkish President Tayyip Erdoğan in Beijing.

The Greek Ministry of Foreign Affairs issued a strong communique saying that the incident “constitutes a flagrant violation of international law”.

Read more: EU warns Turkey after it violates Greek airspace 141 times in one day – EURACTIV.com

Monday, May 9, 2016

Greece approves controversial austerity bill

Parliament narrowly passed the governing coalition's latest budget proposal, which includes more belt-tightening and economic reforms.

The 153 lawmakers of the ruling Syriza/Independent Greeks government coalition all voted for the bill. All opposition members in the 300 seat parliament opposed the bill.

The vote came on a day that police clashed with angry demonstrators on the streets of Athens - the latest in a series of ongoing protests and crippling general strikes that have beset the country.

Many Greeks oppose the austerity measures that amount to $6.2 billion (5.4 billion euros). The law will increase social security and pension contributions and raise taxes for most people.

The European Union and international creditors are demanding the tough measures in exchange for an 86 billion-euro ($95 billion) bailout agreed to last July. It is the third such bailout for debt-laden Greece since 2010.

Read more: Greece approves controversial austerity bill | News | DW.COM | 08.05.2016

Wednesday, April 13, 2016

EU: Corruption costs EU ‘up to €990 billion a year’ – by Ryan Collin

EU Corruption costs: close to  € 1 trillion a year
The EU has a corruption problem that could cost it up to €990 billion a year, according to a study commissioned by the European Parliament and released on Monday.

Corruption in the EU comes in many forms and has multiple economic, social and political effects, according to the Cost of Non-Europe in the Area of Corruption Study by RAND Europe. Based on three scenarios using different methodologies that included both direct and indirect effects, the study found the EU suffers losses in its gross domestic product that range between €179 billion and €990 billion each year.

The figures are much higher than a 2014 estimate by the European Commission of €120 billion. However, the Commission’s study focused only on direct effects of corruption.

“Corruption is a big black hole at the heart of the European economy,” said Carl Dolan, director of Transparency International. “If companies see the public procurement process is rigged then they are not going to take part in that bid and therefore the public loses out because these aren’t competitive tenders.”

The study found that corruption related to public procurement was estimated to cost nearly €5 billion per year. Procurement corruption includes deliberately removing companies from the bidding process so there is only one viable candidate and limiting the amount of time a company has to respond to a tender for a new contract.

To reduce it, RAND Europe suggested that the EU implement a Union-wide e-procurement system, which would bring down the cost of corruption by an estimated €920 million. Another measure to cut corruption would be establishing a European Public Prosecutor’s Office, the study said. Such an office would investigate corruption cases and could reduce corruption costs by €0.2 billion per year.

Read more: Corruption costs EU ‘up to €990 billion a year’ – POLITICO