Paphos facing big drought threat
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GREECE
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Paphos facing big drought threat

Panos - Jul 21, 2017

Residents in Paphos face the possibility of severe water shortages if there is little rain this winter as plans to construct a new desalination plant for the…

ELA ceiling for Greek banks again lowered; BoG points to improved liquidity
FINANCE
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FINANCE
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ELA ceiling for Greek banks again lowered; BoG points to improved liquidity

Panos - Jul 21, 2017

The European Central Bank's (ECB) governing council on Thursday lowered an emergency funding cap - the Emergency Liquidation Assistance (ELA) mechanism -- for Greek banks by 1.1…

Weather Forecast: Fair
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GREECE
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Weather Forecast: Fair

Panos - Jul 21, 2017

Fair weather and northerly winds are forecast for Friday. Wind velocity will reach 4 on the Beaufort scale. Clouds and possibility of rain in the northern parts…

Athens Newspapers Headlines
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GREECE
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Athens Newspapers Headlines

Panos - Jul 21, 2017

Two killed in 6.4 magnitude earthquake on island of Kos
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GREECE
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Two killed in 6.4 magnitude earthquake on island of Kos

Panos - Jul 21, 2017

A strong earthquake in the Aegean Sea has killed at least two people on the Greek island of Kos, officials say. The deaths were confirmed to the…

Greeks consume 27% less food, Bank of Greece survey finds
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GREECE
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Greeks consume 27% less food, Bank of Greece survey finds

makis - Jul 20, 2017

Bank of Greece (BoG) study reveals a collapse in Greeks’ net wealth, assets, income and consumption of goods and services. One of the most shocking findings in…

Erdogan: Greek Cypriot ‘intransigency’ to blame for talks failure
WORLD
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WORLD
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Erdogan: Greek Cypriot ‘intransigency’ to blame for talks failure

makis - Jul 20, 2017

Turkish President Tayyip Erdogan has blamed “Greek Cypriot intransigence” for the collapse of peace negotiations at the Swiss resort of Crans-Montana on July 7. “The Greek Cypriot…

The collapse of Cyprus reunification talks: Imposition of sanctions against Turkey is long overdue
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GREECE
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The collapse of Cyprus reunification talks: Imposition of sanctions against Turkey is long overdue

makis - Jul 20, 2017

By Constantine Tzanos, Contributor Nuclear engineer, PhD* July 7, 2017, marked the failure of another effort to solve the over 40-year-old problem of the division of Cyprus.…

Cyprus invasion: 43 years since Turkish aggression
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GREECE
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Cyprus invasion: 43 years since Turkish aggression

makis - Jul 20, 2017

In commemoration of the Turkish invasion of Cyprus by Turkish forces on July 20 1974, the sirens wailed across the island on Thursday at 5.30am, the time…

The Emerald of the Aegean
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GREECE
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The Emerald of the Aegean

Panos - Jul 20, 2017

Thasos Island With its rich history and archaeological remains, wonderful beaches, variety of activities to do and friendly people, Thasos has become one of those islands holidaymakers…

Property value plummets by 34% in Greece
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FINANCE
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Property value plummets by 34% in Greece

Panos - Jul 20, 2017

The median value of houses in Greece has recorded a significant fall of 34% between 2009 and 2014, from €106,340 to €69,834. According to official data by…

Michael Karloutsos Appointed State Department Deputy Chief of Protocol and Acting Chief
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GREECE
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Michael Karloutsos Appointed State Department Deputy Chief of Protocol and Acting Chief

Panos - Jul 20, 2017

WASHINGTON, DC – Michael Karloutsos has been appointed Deputy Chief of Protocol and Acting Chief, a high-profile position in the State Department, and will begin on July…

Red Cross ends provision of services in Softex/Kordelio camp
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GREECE
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Red Cross ends provision of services in Softex/Kordelio camp

Panos - Jul 20, 2017

The Red Cross which has been providing services to the residents of Softex/Kordelio camp in the outskirts of Thessaloniki, since the camp was established in March 2016…

Govt sends list of lignite-fired power units up for sale
FINANCE
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FINANCE
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Govt sends list of lignite-fired power units up for sale

Panos - Jul 20, 2017

Greece's environment and energy ministry has reportedly submitted a list to the EU Commission's competition directorate (DG Comp.) of Public Power Corp. (PPC) lignite-fired units that will…

The IMF demands to participate in the Greek programme
FINANCE
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FINANCE
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The IMF demands to participate in the Greek programme

Panos - Jul 20, 2017

General Director of the International Monetary Fund (IMF) Christine Lagarde returned to Washington yesterday to take part in today’s crucial meeting of the IMF Board of Directors,…

Legal quagmire involving former head of Greek statistical bureau continues; High court prosecutor reverses appeal ruling
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GREECE
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Legal quagmire involving former head of Greek statistical bureau continues; High court prosecutor reverses appeal ruling

Panos - Jul 20, 2017

A very high-profile legal entanglement involving the former head of Greece's statistical bureau (EL.STAT) appears unending, as a supreme court prosecutor on Wednesday overruled a previous reversal…

UN’s Eide in Cyprus on Monday amidst criticism
DEFENCE
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DEFENCE
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UN’s Eide in Cyprus on Monday amidst criticism

Panos - Jul 20, 2017

UN Cyprus envoy Espen Barth Eide is set to visit the divided island on Monday, the government spokesman told Active Radio on Wednesday. One day earlier, Greek…

Greece: Lone Migrant Children Left Unprotected
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GREECE
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Greece: Lone Migrant Children Left Unprotected

Panos - Jul 20, 2017

Unaccompanied migrant children on the Greek island of Lesbos are being incorrectly identified as adults and housed with unrelated adults, leaving them vulnerable to abuse and unable…

Goldman Sachs sees immediate Greek inclusion in QE program as unlikely; refers to 4th support program
FINANCE
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FINANCE
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Goldman Sachs sees immediate Greek inclusion in QE program as unlikely; refers to 4th support program

Panos - Jul 20, 2017

Goldman Sachs on Wednesday forecast that still bailout-dependent Greece is unlikely to be re-included in the ECB’s QE asset purchasing program any time soon. In a latest…

Weather Forecast: Fair
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GREECE
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Weather Forecast: Fair

Panos - Jul 20, 2017

Fair weather and northerly winds are forecast for Thursday. Wind velocity will reach 4 on the Beaufort scale. Clouds and possibility of rain in the northern parts…