Buy This Issue
The Weekend Neos Kosmos : 15 August 2015
GREECE 24 THE WEEKEND NEOS KOSMOS | SATURDAY 15 AUGUST 2015 DIGITAL.NEOSKOSMOS.COM SYRIZA heading for split GREEK HEADLINES AVGHI: CONTINUED FROM PAGE 1 and SYRIZA's youth wing said Greece should leave the eurozone altogether. The party's top eurosceptic, Panagiotis Lafazanis, also called for a nationwide antiausterity movement, drawing a rebuke from the government. Mr Lafazanis "has announced the early model of a new political group" aiming to take the country back to the drachma, an unofficial government note said. "This finalises his decision ... to take a different road from the government and SYRIZA," the note said. Greece hopes that by quickly adopting the €85 billion ($129 billion) rescue plan negotiated with the European Union, European Central Bank (ECB) and International Monetary Fund, it can unlock a first tranche of aid before a €3.4 billion ($51.5 billion) debt repayment to the ECB falls due on August 20. But SYRIZA hardliners said the proposed accord goes against campaign pledges made by Mr Tsipras, who came to power on an antiausterity ticket in January. SYRIZA's tough parliament chief Ms Constantopoulou clashed earlier with the finance minister over the emergency procedure demanded by the government to speedily adopt the bailout. "Do you want to hand the parliament seal to [German chancellor] Wolfgang Schaeuble, [Eurogroup chief Jeroen] Dijsselbloem and [German Chancellor Angela] Merkel?" Ms Constantopoulou said. SURPRISE GROWTH FOR GREEK ECONOMY It came as the economic expansion of 0.8 per cent for the April to June quarter was well ahead of analyst expectations of a 0.5 per cent contraction. The figures showed second quarter growth up 1.4 per cent compared with the same period the previous year. But according to economists Jamie Murray and David Powell at Bloomberg Intelligence, the "flattering real GDP belies weakness". Nominal GDP, which is not adjusted for inflation, shrank 0.7 per cent in the second quarter, meaning that the growth in real GDP was largely due to falling prices, they said, also noting that there could be future revisions. "One possible explanation for the narrative around the numbers is that the threat of capital controls and their subsequent introduction may have prompted some unusual behaviour," including Greeks boosting spending before they got cut off from accessing their money, the two economists told Bloomberg. "Greece's GDP figures for Q2 brought some rare good news, but they relate to an entirely different economy than the one currently being strangled by capital controls," economist Jonathan Loynes at research firm Capital Economics said. "But the figures do not change our view that the economic assumptions built into the bailout plan are likely to prove far too optimistic." Debt-sustainable Greece? European partners must guarantee viability before IMF provides additional funding, Fund’s mission chief says The International Monetary Fund will consider additional funding to Greece only if the country's European partners take steps to make Greece's debt sustainable, head of the IMF mission to Greece Delia Velculescu, said on Friday (Greek time). Velculescu made the statement at the close of the International Monetary Fund's team visit to Greece, from July 30 to August 12, to participate in technical discussions between the Greek authorities and the European Commission, European Central Bank and European Stability Mechanism (ESM) on an economic program that could be financially supported by the ESM. The agreement reached be- tween Greece and its European partners "is a very important step forward" and "puts in place far-reaching policies to restore fiscal sustainability, financial sector stability, and sustainable growth", she said, before prompting Greece's European partners to move ahead with debt relief. "In the period ahead, we look forward to working with the authorities to develop their program in more detail and for Greece's European partners to make decisions on debt relief that will allow Dekapentavgoustos Delia Velculescu (R), International Monetary Fund mission chief for Greece, arrives at the labour ministry in Athens. PHOTO: AAP. Greece's debt to become sustainable," she said. "The IMF will remain closely engaged with the Greek government and the European partners to assist in this process, and will make an assessment of its partici- pation in providing any additional financing to Greece once the steps on the authorities' program and debt relief have been taken, expected at the time of the first review of the ESM program," she clarified. Turkish fighter jets enter Greek air space, again A formation of six Turkish fighter jets violated Greek national air space over the northeastern and southeastern Aegean on Tuesday, according to Greek defence officials. The Turkish jets, which were flanked by another three electronic-warfare aircraft that were not a part of the formation, carried out a total of eight transgressions, without determining whether any of the aircraft were armed or whether any dogfights occurred. The reported violations took place in Greek airspace over the north, central, and southern Aegean Sea. On a previous chase which took place last week, two of the Turkish jets were carrying armaments and a tense close-quarters confrontation occurred between the neighbouring countries' jets. Airspace violations between Greece and Turkey are a common issue, especially over the Aegean Sea. The island-filled stretch of water separating Turkey and Greece contains maritime boundaries that are a persistent source of disagreement between the two countries. Although violations happen with frequency between the two countries, Turkey and Greece have seen a rapid increase in incidents since 2013. "In the first month of 2014 alone, Turkish aircraft allegedly violated Greek airspace 1,017 times," Metin Gurcan, who reports for Al-Monitor, confirms. "This was twice the number of total airspace violations between the two countries for the first half of 2013." In all cases, the Turkish jets were chased off by Greek aircraft, as usually occurs in the case of such incursions. The date of 15 August, or Dekapentavgoustos in Greek, is a unique day for the Orthodox Church, celebrated with liturgies and festivals known as panigyria countrywide. The Dormition of the Virgin Mary (Κοίμησις Θεοτόκου) is the biggest day on the Orthodox summer calendar for the diaspora as well, often referred to as Small Easter. It is devoted to the Dormition of the Virgin Mary, while those named Panagiotis, Despoina, Maria and Panagiota celebrate their nameday on the same day. The Megalohari (Great Grace) Church of Tinos island and the Panagia Soumela Monastery in northern Greece draw in most of the country's faithful this time of the year. Every location in Greece has its own Virgin Mary church, hence its own specific ritual and gathering. Ekatontapiliani, Kosmosotira, Xozoviotisa and Spiliani are just some of the names that this religious tradition has given to the churches of the Virgin Mary across Greece. The temples become the fo- cal attraction for hundreds of locals and visitors who gather to adore the icon of the Virgin Mary and walk in processions in her honour. In certain places, the holiday lasts for three days, involving a holy procession of the Virgin and special prayers, culminating in an offering of local traditional foods and dances in the central town squares. In contrast to the last two weeks of August, when these celebrations take place, in the first two weeks of August the religious devote themselves to fasting and meditation in preparation of the August 15 celebration in honour of Mary. Χρόνια Πολλά NEW MODEL FOR TRANSPARENCY IN THE PUBLIC WORKS EFIMERIDA TON SYNTAKTON: BREATHLESS UNTIL 2018 ELEFTHEROS TYPOS: TAX STORM ESTIA: NEW MEMORANDUM BRINGS EARLY ELECTIONS ETHNOS: MEMORANDUM BRINGS TURMOIL IN THE POLITICAL PARTIES KATHIMERINI: MAXIMOS MANSION AND POLITICAL PARTIES BEFORE A NERVOUS BREAKDOWN. RIZOSPASTIS: ALL ON THURSDAY TO PAME (LABOUR UNION AFFILIATED TO COMMUNIST PARTY) RALLIES AGAINST THE THIRD MEMORANDUM IMERISIA: WHO WILL PAY THE NEW MEMORANDUM?
8 August 2015
22 August 2015