News archive of August 2017

Growth is built on shaky ground

Retail sales may be on the rise, contributing to an increase in gross domestic product, as Hellenic Statistical Authority (ELSTAT) second-quarter figures are expected to confirm on Friday, but analysts warn that Greeks are eating into their savings for this spending - which is not a good omen at all for the return of growth on a solid basis.

ATHEX: Blue chips buoy index

Most Greek stocks gave up ground on Thursday, but the benchmark edged higher again on gains by power-packing blue chips including ADMIE, Mytilineos and Alpha Bank.

Greece still leads unemployment rate, Eurostat data shows

Greece remains at the top of the list of the countries with the highest unemployment rate in the EU28, which has an average of 9.1%, the lowest since February 2009. According to data for July 2017 released by Eurostat, unemployment fell both at an individual and collective level.

Kotzias has positive talks in FYROM

Greece's Foreign Minister Nikos Kotzias and his counterpart in the Former Yugoslav Republic of Macedonia (FYROM), Nikola Dimitrov, told reporters Thursday at a joint press conference that they are laying the groundwork of the process that will allow negotiations to resolve the decades-old dispute over the tiny Balkan country's name.

Private initiative and fewer taxes will restart economy, says Mitsotakis

“In the situation that Greece is today, it is my conscious choice to tell the truth. The citizens have been deceived many times and can not stand any other lies”, President of New Democracy (ND) Kyriakos Mitsotakis underlind during his meeting, Thursday with postgraduate students from Stanford University who visited the party’s headquarters. Mr. Mistotakis said

Controversy over gov't refusal to attend conference on communist crimes continues

The controversy surrounding the government's refusal to attend a conference last week in the Baltic state of Estonia about the crimes committed by communist regimes spilled over into Parliament Thursday with acrimonious exchanges between lawmakers which, at times, got personal.

Hundreds of sanitation workers remain unpaid

Hundreds of fixed-term contract municipal sanitation workers around Greece have not been paid even though the government passed a legislative amendment in June approving their rehiring after their earlier contracts expired.

MMA Ronda Rousey’s wedding photos (photos)

Mixed martial arts fighter Travis Browne shared photos from his recent wedding to former women’s champion Ronda Rousey.
On Tuesday, Browne posted pictures from their intimate oceanside ceremony to his Instagram account.

US closes Russian consulate in San Francisco

The United States demanded that Russia shut down its Consulate General in San Francisco and two other diplomatic entities in New York City and Washington, DC by September 2, the US Department of State said in a press release on Thursday.

Insane demands by Black Lives Matter leader to white people!

The United States has never been more divided in its recent history after Donald Trump was elected to office. The rhetoric often used by both political sides exceeds the extremes. Identity politics to advance one’s political views has become commonplace in debates across all media platforms, be it on TV or in print media via opinion pieces.

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