UPDATE 1-Greece names Total-led consortium preferred bidder for offshore gas drilling

Wed Oct 26, 2016 | 1:05pm BST

Reuters

Oct 26 Greece named on Wednesday a consortium of France's Total, its biggest oil refiner Hellenic Petroleum and Italy's Edison as the preferred bidder for an offshore gas drilling block in the west of the country.

Greece, which signed up to a third bailout last summer, has made several fruitless attempts over the last 50 years to find big oil and gas reserves. Its debt crisis and important findings in neighbouring countries has prompted the country to step up those efforts.

Greece awaits Obama trip amid tough bailout talks

The Washington Post

By Derek Gatopoulos | AP October 25 at 12:08 PM
ATHENS, Greece — Greece’s government says it was facing pressure from the International Monetary Fund to aggressively scale back union powers and employment rights, as the White House confirmed Tuesday that U.S. President Barack Obama will pay a post-election visit to Athens.

Obama’s Nov. 15 trip could boost efforts by the left-wing government in Athens to press for debt relief from European bailout lenders, as the country’s national debt approaches 180 percent of Greece’s stagnant gross domestic product. Obama will travel on to Germany after his Greek visit.

Greece Might Just Get a Boost From an Unlikely Source

The cash-strapped nation stands to gain a lift to demand from the aid effort for refugees

Bloomberg

Nikos Chrysoloras

October 20, 2016 — 7:01 AM EEST

As European Union leaders gather in Brussels on Thursday with the refugee crisis on the agenda, some of them may repeat the claim that their economies can't bear the cost of aiding people fleeing war and persecution. Greece ought not to be one of them.
After all it has been through in the past six years, the arrival of tens of thousands of refugees from across the Aegean may in fact be giving the country a mild, short-term stimulus.
Hundreds of millions of euros have been spent so far to provide shelter, provisions, and support to migrants and asylum seekers, in a period when government-funded spending has taken successive cuts.

4 more Turkish servicemen lose asylum claim in Greece

Published October 11, 2016

Fox News

THESSALONIKI, Greece –  A state asylum service in Greece has rejected claims by four more Turkish military servicemen who fled in the wake of their country's failed coup attempt in mid-July.

Eight servicemen fled to the Greek border town of Alexandroupolis by helicopter, and all remain in police custody in Athens. Seven have now had their asylum claims rejected, following the latest decision announced Tuesday, with a decision pending for the eighth.

Greece says Erdogan's remarks on islands 'dangerous' to relations

Fri Sep 30, 2016 | 12:07pm EDT

Reuters

Greece on Friday accused neighboring Turkey of endangering ties between the two NATO allies by questioning the wisdom of an almost century-old treaty that established the modern boundaries between the two countries.

At a speech in Ankara on Thursday, Turkish President Tayyip Erdogan said the Treaty of Lausanne, a 1923 peace accord which forged modern Greece and Turkey's borders, was essentially a defeat for Turkey because it "gave away" islands to Greece.

Greece Rejects Asylum Requests by Three Turkish Officers

Trio were part of group of eight soldiers who fled after failed coup attempt in Turkey

The Wall Street Journal

By STELIOS BOURAS and  NEKTARIA STAMOULI

Sept. 21, 2016 1:08 p.m. ET

ATHENS—Three of the eight Turkish army officers who fled to Greece after July’s failed coup attempt in Turkey have had their asylum requests rejected, a Greek government official said Wednesday.

The requests of two of the officers were rejected owing to a lack of cooperation with authorities, a second Greek government official said. All three have the right to appeal.

Refugee inflow into the Aegean Islands after the coup.

Aegean islands alarm as refugee numbers rise after Turkey coup attempt
EU voices fears that deal struck to curb migration is at breaking point as tensions grow between Turkey and Greece

The Guardian

Greek authorities on a number of Aegean islands have called for emergency measures to curtail a growing flow of refugees from Turkey, which Athens attributes to the impact of the attempted coup in that country.

Since the failed 15 July putsch, the number of Europe-bound migrants willing to make the perilous journey across the Aegean has increased noticeably, with the Greek government announcing that as of yesterday some 9,420 men, women and children had been registered on Lesbos and other islands.

Mitsotakis' mission: Saving Greece from Tsipras

Kyriakos Mitsotakis, the leader of the Greek conservative party Nea Dimokratia, says he wants to "liberate" Greece from left-wing Prime Minister Alexis Tsipras. He tells DW how he intends to accomplish this.

Deutche Welle

If Greece were to hold elections tomorrow, the pro-European conservatives Nea Dimokratia (New Democracy, ND) would clearly win. According to polls, Kyriakos Mitsotakis, who has headed his party since January, has gained popularity. Many believe he would be a better prime minister than Alexis Tsipras.
The pro-European and neoliberal Mitsotakis, a scion of a Greek political dynasty, holds degrees from Harvard and Stanford. He has worked in politics and investment banking. His father, Konstantinos Mitsotakis, is a former Greek prime minister and his older sister, Dora Bakoyannis, former mayor of Athens, also served as Greek foreign minister and culture minister.

Eight Aboard Military Helicopter Seek Asylum in Greece

6:20 AM ET
Jul 16, 2016
Sat Jul 16 2016 09:20:46 GMT+0300 (GTB Daylight Time)
Niki Kitsantonis
ATHENS

The New York Times

Greece has arrested eight people aboard a Turkish military helicopter that landed in Alexandroupolis shortly before noon, the country’s Ministry of Public Order and Citizen Protection said.

The eight individuals have requested political asylum, the ministry said in a text message to reporters, and the helicopter has been placed under guard.

French Prime Minister Expresses Support for Greece

France is interested in investing in Greece in areas of energy, transportation and tourism

The Wall Street Journal

By NEKTARIA STAMOULI
June 3, 2016 11:52 a.m. ET
0 COMMENTS
ATHENS—French Prime Minister Manuel Valls on Friday expressed his country’s interest in investing in Greece and promised the crisis-battered country more support with reforms needed to overcome the financial crisis, as well as help in dealing with the refugee crisis.

“A eurozone without Greece, a Schengen Treaty without Greece, represents another view of Europe that we do not share,” Mr. Valls said during a press conference with his Greek counterpart Alexis Tsipras.
He said he was confident the next bailout funds for Greece would be disbursed soon and added that he hoped a solution for Greece’s debt problems would be found.

Euro Area Said to Plan $12 Billion for Greece After Review

 Ian Wishart

 Eleni Chrepa

Bloomberg

May 23, 2016 — 11:39 AM EEST Updated on May 23, 2016 — 1:23 PM EEST

Greece’s European creditors are preparing to disburse 11 billion euros ($12.3 billion) once the nation successfully completes a review of its bailout program.
The funds will be used to clear arrears and to cover debt servicing needs, including a 2.3 billion-euro payment scheduled to the European Central Bank in July, according to a draft of the European Commission’s compliance report for the Greek economic program seen by Bloomberg News.

Forecast Bright for Greek Tourism, Despite Refugee Crisis

Voice of America
http://www.voanews.com/content/greece-tourism/3332701.html

Margaret Besheer
May 16, 2016 3:10 PM

Despite the ongoing migrant and refugee crisis, Greece expects to welcome a record 27 million tourists this year.

“I think it’s an achievement given the fact that we have capital controls, we still have the refugee and migration crisis - which make tourists think twice if they want to visit Lesbos or some other places that are migration hubs,” the government’s top spokesperson Lefteris Kretsos told reporters on Monday.

“Greece is a brand name in tourism. It was always, and I think it will always be,” he added.

Migrant crisis: Greece needs EU help to avoid chaos, says Merkel

6 hours ago
 From the section Europe
BBC

Europe cannot allow Greece to fall into "chaos", German Chancellor Angela Merkel says, amid sharp divisions among members over the migrant crisis.
Austria and several Balkan countries have introduced restrictions stranding migrants in Greece.
Mrs Merkel said EU nations had not battled to keep Greece in the euro just to leave it "in the lurch".
She also defended her decision to open German borders to migrants, despite a resulting slump in her popularity.
More than one million people arrived to claim asylum last year, sparking opposition within her governing coalition and a rise in far-right extremism.

Merkel unmoved by refugee crisis criticism

Deutsche Welle

Germany will stick to its multifaceted response to Europe's refugee crisis, including aid delivered via Turkey, Chancellor Angela Merkel has told parliament. She's also backed the idea of a no-fly zone in northern Syria.

Merkel, in an address to Germany's Bundestag on the eve of a two-day Brussels summit, said Europe should work to improve the lives of refugees in Turkey, Lebanon and Jordan as the way to meet "our goal" of reducing migrant flows into Europe.

She described as "intolerable" the situation for besieged civilians in and around northern Syria's war-torn hub of Aleppo, saying "nothing should be left undone" in trying to establish a no-fly zone to save "many human lives."

Turkey Moves to Clamp Down on Border, Long a Revolving Door

By TIM ARANGODEC. 22, 2015

The New York Times

IZMIR, Turkey — The Turkish Coast Guard has stepped up nighttime patrols on the choppy, wintry waters of the Aegean Sea, seizing rafts full of refugees fleeing war for Europe and sending them back to Turkey.

Down south, at the border with Syria, Turkey is building a concrete wall, digging trenches, laying razor wire and at night illuminating vast stretches of land in an effort to cut off the flow of supplies and foreign fighters to the Islamic State.

What China Can Learn From Greece

By SERGEI GURIEVDEC. 9, 2015

The New  York Times

As a political economist, I make my living studying the impact of politics on economics. My friends and co-authors who are political scientists focus on how economics affects politics. Which is more relevant in real life? Do countries with bad politics suffer from poor economic outcomes because bad economic policies are driven by bad politics? Or because persistent economic difficulties make reasonable politics hard to sustain?

Every year offers examples of both kinds. The year 2015 was no exception, producing two very important stories: Greece and China. Both are dramatic and multifaceted.

EU presses Greece over migrants, weighs Schengen threat

Wed Dec 2, 2015 6:37pm EST Related: WORLD, GREECE, MIGRANT CRISIS

ATHENS/BRUSSELS | BY PAUL TAYLOR AND ALASTAIR MACDONALD

Greece hit back on Wednesday at threats from some EU states to suspend it from the Schengen zone of open border travel because of its failure to control large numbers of migrants entering Europe.

Some central European officials, most prominently Slovak Prime Minister Robert Fico, have suggested excluding Greece from Schengen. Diplomats and European Union officials say some governments have raised the possibility informally but it would be a largely symbolic move, with little impact on migration.

"It is not said officially, but there is pressure," Greek Migration Minister Yannis Mouzalas told reporters, denying a Financial Times report on Wednesday that Athens had, among other things, refused an EU offer of devices designed to share the identity data of incoming migrants around the bloc.

The Hidden Debt Burden of Emerging Markets

OCT 9, 2015 8

Carmen Reinhart

Carmen Reinhart is Professor of the International Financial System at Harvard University's Kennedy School of Government.

Read more at https://www.project-syndicate.org/commentary/hidden-debt-burden-emerging-markets-by-carmen-reinhart-2015-10#FXJpvBLv1lmqBq1A.99

LIMA – As central bankers and finance ministers from around the globe gather for the International Monetary Fund’s annual meetings here in Peru, the emerging world is rife with symptoms of increasing economic vulnerability. Gone are the days when IMF meetings were monopolized by the problems of the advanced economies struggling to recover from the 2008 financial crisis. Now, the discussion has shifted back toward emerging economies, which face the risk of financial crises of their own.

Greece's Euro-Area Ties Risk More Strain Amid Refugee Crisis

By Ian Wishart Nikos Chrysoloras

Bloomberg

First overwhelmed by debt and now overwhelmed by refugees, Greece offers a tempting target for European leaders left to handle the fallout.

With wounds only just healing after the euro area agreed to throw Greece another financial lifeline, the country’s inability to process tens of thousands of refugees turning up at its doorstep threatens to reopen them all over again. Local Greek authorities are inundated by some 3,000 arrivals a day, most of whom are allowed to head north through the Balkans toward Germany and Scandinavia, sewing political tensions as they go.

Migrant crisis: Greece acts over Lesbos 'explosion' fears

BBC

The Greek government and the UN refugee agency have brought in extra staff and ships to deal with some 25,000 stranded migrants on the island of Lesbos.

A processing centre has been also set up on an abandoned football ground to help the migrants to get to Athens.

A Greek minister said on Monday Lesbos was "on the verge of an explosion".

Meanwhile, hundreds of migrants broke through police lines on Hungary's border with Serbia and started walking towards the capital, Budapest.

The migrants faced down pepper spray used by police as they broke out of a holding centre in a cornfield and marched down a motorway towards Budapest. They later agreed to be taken by bus to another reception centre.