Athens has yet to agree with creditors on what measures should be adopted
The Wall Street Journal
By ANDREA THOMAS
Updated March 23, 2016 10:40 a.m. ET
BERLIN--German Finance Minister Wolfgang Schäuble said Wednesday Greece is still lagging behind in implementing economic overhauls promised last summer to its creditors in exchange for bailout money, expressing however optimism that a solution will be found.
Greek creditors—the European Commission, the European Central Bank and the International Monetary Fund—and Athens have yet to reach an agreement on the reforms that Greece must adopt.
Without such a deal, creditors cannot complete a review of its up-to-€86 billion ($96 billion) bailout program.
Thursday, March 24, 2016
Brussels attacks are hurting refugees in Greece
By Nasos Koukakis, special to CNBC.com
18 Hours Ago
CNBC
The terrorist attacks in Brussels is making it more difficult for the Greek government to manage the refugee crisis, as more and more EU countries become reluctant to allow the arrival of refugees into their territories.
On Wednesday, Greek Prime Minister Alexis Tsipras had a telephone conversation with NATO Secretary General Jens Stoltenberg to complain about the poor results of NATO's operation in the Aegean Sea, initiated last month to discourage the influx of refugees and immigrants in the Greek islands.
NATO has been tasked to do reconnaissance and surveillance and to collect information and share this information in real time with the Turkish coast guard, the Greek coast guard and with Frontex to help manage the migrant and refugee crisis and cut the lines of illegal trafficking and smugglers.
18 Hours Ago
CNBC
The terrorist attacks in Brussels is making it more difficult for the Greek government to manage the refugee crisis, as more and more EU countries become reluctant to allow the arrival of refugees into their territories.
On Wednesday, Greek Prime Minister Alexis Tsipras had a telephone conversation with NATO Secretary General Jens Stoltenberg to complain about the poor results of NATO's operation in the Aegean Sea, initiated last month to discourage the influx of refugees and immigrants in the Greek islands.
NATO has been tasked to do reconnaissance and surveillance and to collect information and share this information in real time with the Turkish coast guard, the Greek coast guard and with Frontex to help manage the migrant and refugee crisis and cut the lines of illegal trafficking and smugglers.
Tuesday, March 22, 2016
Belgium Warned of Attacks. It Wasn't Enough.
1268 MAR 22, 2016 9:17 AM EDT
By Josh Rogin
Bloomberg
Only days ago in Brussels, as Western leaders celebrated the arrest of a key terrorist suspect, Belgian officials warned that there were dozens more jihadists at large in the city and that more attacks were being planned. They couldn’t have known how right they were.
I traveled to Brussels on March 16, to attend the German Marshall Fund's Brussels Forum, a meeting of U.S. and European officials, foreign policy experts and journalists, where the fight against terrorism was at the top of the agenda. Two U.S. senators and several Obama administration officials who attended had just passed through the main terminal of the Brussels airport. On Tuesday morning, it was hit by what Belgian authorities described as a suicide attack. At least 26 were killed and many more wounded at the airport, and in a parallel attack on the city's subway system.
Stocks fall, gold and govt bonds rise after Brussels explosions
Tue Mar 22, 2016 5:54am EDT
LONDON | BY JAMIE MCGEEVER
Reuters
European stocks fell and investors rushed for the safety of gold and government bonds on Tuesday, after two explosions at Brussels airport killed several people and blasts at metro stations in the Belgian capital.
Travel sector stocks including airlines and hotels fell the most, pulling the broader indices down from multi-week highs as reports on the scale of the carnage in the de facto capital of the European Union unfolded.
Belgian media reported that at least 11 people had been killed and that one of the blasts at the airport was a suicide bomber. This came four days after the arrest in Brussels of a suspected participant in November militant attacks in Paris that killed 130 people.
"The initial reaction in financial markets has been airline stocks all lower, and safe-haven capital flow with gold, German government bonds and the Japanese yen in demand," said Brenda Kelly, head analyst at London Capital Group.
"The news has certainly overshadowed much of the euro zone economic data this morning," she said.
At 0915 GMT the FTSEuroFirst 300 index of leading shares was down 1 percent at 1,326 points .FTEU3. Germany's DAX was also down 1 percent and Belgian stocks were down 0.8 percent .BEL20. These indices had earlier been down twice as much.
The STOXX Europe 600 Travel & Leisure index .SXTP was the top sectoral faller, down 2.2 percent. Shares in major European airlines like easyJet (EZJ.L) and Air France-KLM (AIRF.PA) were down as much as 4 percent (LHAG.DE), and hotel company Accor (ACCP.PA) also fell 4 percent.
Gold rose 1 percent to $1,255 an ounce XAU=, and the yield on benchmark German government bonds fell to a two-week low of 0.18 percent EU10YT=RR. U.S. Treasury yields fell 2 basis points across the curve US2YT=RR US10YT=RR.
In currency markets the Japanese yen, often considered a something of a safe-haven asset, rose across the board, notably against the euro. The euro was last down 0.6 percent at 125.10 yen EURJPY= and the dollar was down 0.3 percent at 111.60 yen JPY=.
The single currency fell a third of a percent against the dollar to $1.1205 EUR=.
BLASTS OVERSHADOW DATA
For financial markets, the events in Brussels came in a week where liquidity was starting to dry up ahead of the Easter holiday and investors were beginning to think about cashing in on a steep rally in stocks over the last few weeks.
"Coming up to the Easter holiday, people are going to be very reluctant to put more money into these (stock) markets. If anything, they will be more likely to take money out," said Michael Hewson, chief market strategist at CMC Markets in London.
"Anything like the events we're seeing in Brussels this morning is going to weigh on risk sentiment and risk appetite," he said.
U.S. stock futures pointed to a fall of around a third of one percent on Wall Street ESc1.
Investors paid little attention to the economic data released on Tuesday which showed a slight pick up in German business morale and euro zone business activity in March
Earlier, Asian stocks seesawed as hawkish comments from U.S. Federal Reserve officials clouded the monetary policy outlook less than a week after Fed Chair Janet Yellen had set out a more cautious path to interest rate increases this year.
The dollar got a mild boost from the suggestion that interest rate hikes could be on the way sooner rather than later.
Japan's Nikkei stock index .N225 added 1.9 percent, closing at a one-week high, after markets in Tokyo reopened after a public holiday on Monday. A weaker yen, before the Brussels-related rebound, gave a tailwind to local shares.
Elsewhere, sterling was one of the biggest losers among the major currencies after ratings agency Moody's said Britain's credit rating will be put under pressure by a marked slowdown in fiscal consolidation unveiled in last week's budget.
The warning came amid concerns about Prime Minister David Cameron's ability to keep Britain in the European Union after leading 'Out' campaigner Iain Duncan Smith resigned from the cabinet late on Friday.
Sterling was last down 0.6 percent at $1.4281 GBP=, more than two cents off Friday's one-month high of $1.4514.
It was a rare day of stability in oil markets, with U.S. crude futures unchanged at $41.53 a barrel CLc1 and Brent crude LCOc1 also flat on the day at $41.60.
(Reporting by Jamie McGeever; Editing by Tom Heneghan)
LONDON | BY JAMIE MCGEEVER
Reuters
European stocks fell and investors rushed for the safety of gold and government bonds on Tuesday, after two explosions at Brussels airport killed several people and blasts at metro stations in the Belgian capital.
Travel sector stocks including airlines and hotels fell the most, pulling the broader indices down from multi-week highs as reports on the scale of the carnage in the de facto capital of the European Union unfolded.
Belgian media reported that at least 11 people had been killed and that one of the blasts at the airport was a suicide bomber. This came four days after the arrest in Brussels of a suspected participant in November militant attacks in Paris that killed 130 people.
"The initial reaction in financial markets has been airline stocks all lower, and safe-haven capital flow with gold, German government bonds and the Japanese yen in demand," said Brenda Kelly, head analyst at London Capital Group.
"The news has certainly overshadowed much of the euro zone economic data this morning," she said.
At 0915 GMT the FTSEuroFirst 300 index of leading shares was down 1 percent at 1,326 points .FTEU3. Germany's DAX was also down 1 percent and Belgian stocks were down 0.8 percent .BEL20. These indices had earlier been down twice as much.
The STOXX Europe 600 Travel & Leisure index .SXTP was the top sectoral faller, down 2.2 percent. Shares in major European airlines like easyJet (EZJ.L) and Air France-KLM (AIRF.PA) were down as much as 4 percent (LHAG.DE), and hotel company Accor (ACCP.PA) also fell 4 percent.
Gold rose 1 percent to $1,255 an ounce XAU=, and the yield on benchmark German government bonds fell to a two-week low of 0.18 percent EU10YT=RR. U.S. Treasury yields fell 2 basis points across the curve US2YT=RR US10YT=RR.
In currency markets the Japanese yen, often considered a something of a safe-haven asset, rose across the board, notably against the euro. The euro was last down 0.6 percent at 125.10 yen EURJPY= and the dollar was down 0.3 percent at 111.60 yen JPY=.
The single currency fell a third of a percent against the dollar to $1.1205 EUR=.
BLASTS OVERSHADOW DATA
For financial markets, the events in Brussels came in a week where liquidity was starting to dry up ahead of the Easter holiday and investors were beginning to think about cashing in on a steep rally in stocks over the last few weeks.
"Coming up to the Easter holiday, people are going to be very reluctant to put more money into these (stock) markets. If anything, they will be more likely to take money out," said Michael Hewson, chief market strategist at CMC Markets in London.
"Anything like the events we're seeing in Brussels this morning is going to weigh on risk sentiment and risk appetite," he said.
U.S. stock futures pointed to a fall of around a third of one percent on Wall Street ESc1.
Investors paid little attention to the economic data released on Tuesday which showed a slight pick up in German business morale and euro zone business activity in March
Earlier, Asian stocks seesawed as hawkish comments from U.S. Federal Reserve officials clouded the monetary policy outlook less than a week after Fed Chair Janet Yellen had set out a more cautious path to interest rate increases this year.
The dollar got a mild boost from the suggestion that interest rate hikes could be on the way sooner rather than later.
Japan's Nikkei stock index .N225 added 1.9 percent, closing at a one-week high, after markets in Tokyo reopened after a public holiday on Monday. A weaker yen, before the Brussels-related rebound, gave a tailwind to local shares.
Elsewhere, sterling was one of the biggest losers among the major currencies after ratings agency Moody's said Britain's credit rating will be put under pressure by a marked slowdown in fiscal consolidation unveiled in last week's budget.
The warning came amid concerns about Prime Minister David Cameron's ability to keep Britain in the European Union after leading 'Out' campaigner Iain Duncan Smith resigned from the cabinet late on Friday.
Sterling was last down 0.6 percent at $1.4281 GBP=, more than two cents off Friday's one-month high of $1.4514.
It was a rare day of stability in oil markets, with U.S. crude futures unchanged at $41.53 a barrel CLc1 and Brent crude LCOc1 also flat on the day at $41.60.
(Reporting by Jamie McGeever; Editing by Tom Heneghan)
Brussels Rocked by Deadly Attacks With Blasts at Airport, Subway
Bloomberg
By James G Neuger and Jonathan Stearns
Explosions ripped through the Brussels airport departure hall and a downtown subway station on Tuesday morning, causing deaths and injuries and spurring fears of imminent follow-up attacks in the capital of the European Union.
Belgium’s military sent reinforcements to Brussels after two bombs went off in rapid succession at the airport around 8 a.m., the peak check-in hour for morning flights within Europe. RTL news reported as many as 13 dead and 25 injured. An hour later, an explosion hit a subway station a short walk from EU headquarters, with conflicting reports of casualties.
Deal Appears to Curb Migrant Flow, but Greece Still Faces ‘Uphill Effort’
By JIM YARDLEY and LIZ ALDERMANMARCH 21, 2016
The New York Times
MYTILENE, Greece — Standing on the southern coastline of the island of Lesbos, Molhim Zreiki peered through binoculars across the narrow strait of the Aegean Sea dividing Greece from Turkey. During the past nine months, hundreds of thousands of refugees had crossed these waters on smuggler rafts to reach Europe.
But how many rafts reached Lesbos on Monday morning?
“None,” said Mr. Zreiki, one of the volunteers who have patrolled the beaches for months to help refugees as they came ashore.
The Greek Coast Guard did pick up two rafts near Lesbos early Monday and brought the 56 people aboard to the island, according to the local police. By comparison, in October an average of 4,400 refugees landed on the island every day.
The New York Times
MYTILENE, Greece — Standing on the southern coastline of the island of Lesbos, Molhim Zreiki peered through binoculars across the narrow strait of the Aegean Sea dividing Greece from Turkey. During the past nine months, hundreds of thousands of refugees had crossed these waters on smuggler rafts to reach Europe.
But how many rafts reached Lesbos on Monday morning?
“None,” said Mr. Zreiki, one of the volunteers who have patrolled the beaches for months to help refugees as they came ashore.
The Greek Coast Guard did pick up two rafts near Lesbos early Monday and brought the 56 people aboard to the island, according to the local police. By comparison, in October an average of 4,400 refugees landed on the island every day.
Saturday, March 19, 2016
European Union Grapples With Plan to Return Migrants From Greece to Turkey
By JAMES KANTERMARCH 17, 2016
Continue reading the main storyShare
The New York Times
BRUSSELS — European leaders edged closer early on Friday to a deal to return asylum seekers from Greece to Turkey despite a host of legal, political and moral issues raised by their latest effort to quell the migrant crisis.
The common stance agreed by the European Union’s 28 national leaders still needs the approval of Turkey’s prime minister, Ahmet Davutoglu. He flew here late Thursday for face-to-face talks on Friday.
Those negotiations will revolve around what incentives to grant Turkey, which is not a European Union member, in return for Turkey’s taking on the job of housing more of the migrants while they wait for word on whether they qualify for resettlement in Western Europe.
“We need to put all our efforts into achieving an agreement with Turkey,” Angela Merkel, the German chancellor, told an early morning news conference. “These will be negotiations that will certainly be anything but easy,” she warned.
Continue reading the main storyShare
The New York Times
BRUSSELS — European leaders edged closer early on Friday to a deal to return asylum seekers from Greece to Turkey despite a host of legal, political and moral issues raised by their latest effort to quell the migrant crisis.
The common stance agreed by the European Union’s 28 national leaders still needs the approval of Turkey’s prime minister, Ahmet Davutoglu. He flew here late Thursday for face-to-face talks on Friday.
Those negotiations will revolve around what incentives to grant Turkey, which is not a European Union member, in return for Turkey’s taking on the job of housing more of the migrants while they wait for word on whether they qualify for resettlement in Western Europe.
“We need to put all our efforts into achieving an agreement with Turkey,” Angela Merkel, the German chancellor, told an early morning news conference. “These will be negotiations that will certainly be anything but easy,” she warned.
Friday, March 18, 2016
Life Inside The Horrid Camp On Greece’s Border
Many of the 14,000 people living in the Idomeni transit camp want to enter Macedonia and continue onto other European countries. But the borders are shut.
03/17/2016 05:20 pm ET
The Huffington Post
Images taken inside a transit camp near the Greece-Macedonia border show the impact of Europe’s inaction in addressing the spiraling migrant and refugee crisis.
Up to 14,000 people live in the makeshift tent city located near the town of Idomeni, on the Greek side of the border, equipped to house about 2,000 people.
Many of the migrants and refugees in the camp arrived there after crossing the Aegean Sea from Turkey to the Greek islands, and hope to enter Macedonia and continue across Balkan countries — like Slovenia, Croatia and Serbia — toward more prosperous European countries like Germany. But that has recently become impossible as the Balkan countries recently shut their borders or tightened frontier policies to people without valid travel documents.
On Monday, hundreds of people stormed out of the Idomeni camp toward Macedonia, hiking for hours and wading through a rain-swollen river, only for many of them to be detained by Macedonian authorities who made them return to Greece.
03/17/2016 05:20 pm ET
The Huffington Post
Images taken inside a transit camp near the Greece-Macedonia border show the impact of Europe’s inaction in addressing the spiraling migrant and refugee crisis.
Up to 14,000 people live in the makeshift tent city located near the town of Idomeni, on the Greek side of the border, equipped to house about 2,000 people.
Many of the migrants and refugees in the camp arrived there after crossing the Aegean Sea from Turkey to the Greek islands, and hope to enter Macedonia and continue across Balkan countries — like Slovenia, Croatia and Serbia — toward more prosperous European countries like Germany. But that has recently become impossible as the Balkan countries recently shut their borders or tightened frontier policies to people without valid travel documents.
On Monday, hundreds of people stormed out of the Idomeni camp toward Macedonia, hiking for hours and wading through a rain-swollen river, only for many of them to be detained by Macedonian authorities who made them return to Greece.
Thursday, March 17, 2016
What Donald Trump Gets Pretty Much Right, and Completely Wrong, About China
Neil Irwin @Neil_Irwin MARCH 17, 201
The New York Times
If there is one thing Donald Trump seems sure about, it is that the United States is getting a raw deal from China.
To people who spend time studying the United States’ economic relationship with China, Mr. Trump’s accounting of its dysfunctions contains both legitimate, accurate complaints and elements that completely misstate how things work between the world’s largest and second-largest economies.
“They’re killing us,” Mr. Trump has said in many debates, rallies and television appearances. He has threatened to put a 45 percent tax on Chinese imports “if they don’t behave.”
If you take Mr. Trump’s comments at face value, as president he would try to renegotiate a complex set of ties that has pulled hundreds of millions of Chinese out of dire poverty, made a wide range of goods available to American consumers at more affordable prices and contributed to the decline of American manufacturing.
The New York Times
If there is one thing Donald Trump seems sure about, it is that the United States is getting a raw deal from China.
To people who spend time studying the United States’ economic relationship with China, Mr. Trump’s accounting of its dysfunctions contains both legitimate, accurate complaints and elements that completely misstate how things work between the world’s largest and second-largest economies.
“They’re killing us,” Mr. Trump has said in many debates, rallies and television appearances. He has threatened to put a 45 percent tax on Chinese imports “if they don’t behave.”
If you take Mr. Trump’s comments at face value, as president he would try to renegotiate a complex set of ties that has pulled hundreds of millions of Chinese out of dire poverty, made a wide range of goods available to American consumers at more affordable prices and contributed to the decline of American manufacturing.
Refugee crisis: Migrants arriving on Greek islands to be sent back to Turkey within days if deal goes through.
Angela Merkel says deal 'gives the EU a chance to get a sustainable, pan-European solution to the refugee issue'
Caroline Mortimer
The Independent
Refugees landing on Greek islands will be deported within days under a "decisive" draft deal with Turkey.
The German Chancellor, Angela Merkel, said the deal “gives [the EU] a chance to get a sustainable, pan-European solution to the refugee issue".
She was speaking on the eve of a summit to sign the deal which will fast rack Turkey’s application to join the EU in exchange for readmitting refugees who have already crossed the Aegean Sea to Greece.
Caroline Mortimer
The Independent
Refugees landing on Greek islands will be deported within days under a "decisive" draft deal with Turkey.
The German Chancellor, Angela Merkel, said the deal “gives [the EU] a chance to get a sustainable, pan-European solution to the refugee issue".
She was speaking on the eve of a summit to sign the deal which will fast rack Turkey’s application to join the EU in exchange for readmitting refugees who have already crossed the Aegean Sea to Greece.
The Latest: Greece demands no ‘fortress states’ on migrants
The Washington Post
By Associated Press March 17 at 5:51 AM
BRUSSELS — The Latest on European efforts to respond to massive migration (all times local):
10:45 a.m.
Greece is insisting that European Union leaders meeting in Brussels must provide for sanctions against member states that unilaterally decide to shut out refugees.
Deputy Defense Minister Dimitris Vitsas, who heads a task force on migration, said Thursday that Europe should not contain “fortress-states.”
Athens has repeatedly criticized fellow EU member Austria for capping the number of migrants it lets in, which had a domino effect through the Balkans and left nearly 46,000 migrants stuck in Greece.
That figure includes 14,000 living in a waterlogged tent city set up round the closed Idomeni border crossing with non EU member Macedonia.
Greek authorities are trying to persuade people in Idomeni to move to organized shelters elsewhere, but have ruled out using violence to evacuate the camp.
A Journey Across Greece, a Bankrupt Land at Risk of Becoming a Refugee Prison More than 44,000 people are already trapped in the country, a number ticking upward each day, as aid groups warn of a potential humanitarian crisis by summer.
By JIM YARDLEYMARCH 17, 2016
The New York Times
IDOMENI, Greece — Taha al-Ahmad’s family is sleeping in mud. His youngest daughter, age 1, lies beneath wet blankets, coughing inside their soggy tent. It has rained for days. Portable toilets are overflowing. Men burn firewood to stay warm. A drone circles overhead. Television trucks beam images of misery to the world.
It is primeval, and surreal, this squalid, improvised border camp of 12,000 refugees, a padlocked waiting room for entering the rest of Europe. Mr. Ahmad, barely two weeks out of Syria, does not understand why his family cannot cross the Macedonian border — roughly a football field away — and continue toward Germany. Hundreds of thousands of migrants passed through last year, but now Macedonia is closed. Europe’s door is slamming shut.
“I am in a very high degree of miserable,” Mr. Ahmad told me, speaking in a singsong English he learned in Syria, as our shoes sank into the muck.
“I ask my friends in Germany and Turkey: ‘What is happening? Tell us,’” he said. “We don’t know what is happening outside.”
Tuesday, March 15, 2016
Mission accomplished? Russia to withdraw troops from Syria on Tuesday
Holly Yan-Profile-Image
By Holly Yan, CNN
Updated 0647 GMT (1447 HKT) March 15, 2016
(CNN)Russia's bombing blitz in Syria will end today, leaving behind both significant destruction and a Syrian regime to largely fend for itself.
The surprise announcement by Russia on Monday came as suddenly as the airstrike campaign started last September.
"The task that was assigned to the Ministry of Defense and the armed forces as a whole has achieved its goal," Russian President Vladimir Putin said.
But Russia's stated goal -- fighting terrorists like ISIS in Syria -- didn't match the reality on the ground, critics say. They point to the bombings of civilian areas as reason to believe Russia is actually helping its ally, Syrian President Bashar al-Assad, eliminate his opposition.
Close allies
Russia has both economic and ideological reasons to support the Syrian regime, even as many other countries blame Assad for the deaths of thousands of dissidents.
By Holly Yan, CNN
Updated 0647 GMT (1447 HKT) March 15, 2016
(CNN)Russia's bombing blitz in Syria will end today, leaving behind both significant destruction and a Syrian regime to largely fend for itself.
The surprise announcement by Russia on Monday came as suddenly as the airstrike campaign started last September.
"The task that was assigned to the Ministry of Defense and the armed forces as a whole has achieved its goal," Russian President Vladimir Putin said.
But Russia's stated goal -- fighting terrorists like ISIS in Syria -- didn't match the reality on the ground, critics say. They point to the bombings of civilian areas as reason to believe Russia is actually helping its ally, Syrian President Bashar al-Assad, eliminate his opposition.
Close allies
Russia has both economic and ideological reasons to support the Syrian regime, even as many other countries blame Assad for the deaths of thousands of dissidents.
U.S. confirms death of ISIS operative Omar al-Shishani
Barbara Starr-Profile-Image
By Barbara Starr, CNN Pentagon Correspondent
Updated 2224 GMT (0624 HKT) March 14, 2016
CNN International
Washington (CNN)Two U.S. officials told CNN that the Obama administration has confirmed that ISIS senior operative Omar al-Shishani is dead.
The officials said he was injured in a U.S. airstrike last week and then died subsequently, though they wouldn't say how they know he is dead.
The initial U.S. assessment was that he was "likely killed" in the strike, but further assessments led them to understand he had been injured and only later died.
He was killed along with 12 additional ISIS fighters in a wave of strikes by drones and manned aircraft.
Since then, CNN has learned that Shishani was at a "shura," or meeting with other officials, at the time of the strike. U.S. officials had emphasized at the time it was publicly announced that they were not certain of his death and were assessing whether the strike killed him.
By Barbara Starr, CNN Pentagon Correspondent
Updated 2224 GMT (0624 HKT) March 14, 2016
CNN International
Washington (CNN)Two U.S. officials told CNN that the Obama administration has confirmed that ISIS senior operative Omar al-Shishani is dead.
The officials said he was injured in a U.S. airstrike last week and then died subsequently, though they wouldn't say how they know he is dead.
The initial U.S. assessment was that he was "likely killed" in the strike, but further assessments led them to understand he had been injured and only later died.
He was killed along with 12 additional ISIS fighters in a wave of strikes by drones and manned aircraft.
Since then, CNN has learned that Shishani was at a "shura," or meeting with other officials, at the time of the strike. U.S. officials had emphasized at the time it was publicly announced that they were not certain of his death and were assessing whether the strike killed him.
This Is The Anti-Refugee Party That Won A Big Victory In Germany
The Alternative for Germany party has surged in popularity amid Europe's refugee crisis.
03/14/2016 06:57 pm ET
The Huffington Post
Nick Robins-Early
World News Reporter, The Huffington Post
An anti-refugee, ultra-conservative populist party made huge gains in Germany's regional elections on Sunday and further cemented its recent surge to the forefront of the nation's politics.
The controversial Alternative for Germany party, or AfD, secured seats in all three regions that voted and was the second-most-popular party in one of them.
The vote is a big victory for the once-fringe party, reflecting national divisions over how Chancellor Angela Merkel has handled the refugee crisis in the first major elections since she implemented Germany's open-border policy last year. Alternative for Germany has been steadily rising in polls since then, amid a current of anti-immigration sentiment.
03/14/2016 06:57 pm ET
The Huffington Post
Nick Robins-Early
World News Reporter, The Huffington Post
An anti-refugee, ultra-conservative populist party made huge gains in Germany's regional elections on Sunday and further cemented its recent surge to the forefront of the nation's politics.
The controversial Alternative for Germany party, or AfD, secured seats in all three regions that voted and was the second-most-popular party in one of them.
The vote is a big victory for the once-fringe party, reflecting national divisions over how Chancellor Angela Merkel has handled the refugee crisis in the first major elections since she implemented Germany's open-border policy last year. Alternative for Germany has been steadily rising in polls since then, amid a current of anti-immigration sentiment.
Monday, March 14, 2016
MACEDONIAN POLICE 'RETURNING' HUNDREDS OF MIGRANTS TO GREECE
BY REUTERS ON 3/14/16 AT 5:47 PM
Newsweek
SKOPJE (Reuters) - The Macedonian police are taking steps to return to Greece a group of migrants who evaded a border fence and crossed in to Macedonian territory on Monday, a police spokeswoman said.
"We are taking measures to return the group to Greece," the Macedonian police spokeswoman said. "Police and army have heightened security on the border at critical points."
The spokeswoman said she believed "several hundred" migrants had crossed, lower than an estimate of 2,000 made by a Reuters photographer.
Hundreds of migrants marched out of a Greek transit camp, hiked for hours along muddy paths and crossed a rain-swollen river to get around a border fence and cross into Macedonia, where they were detained on Monday, authorities said.
Newsweek
SKOPJE (Reuters) - The Macedonian police are taking steps to return to Greece a group of migrants who evaded a border fence and crossed in to Macedonian territory on Monday, a police spokeswoman said.
"We are taking measures to return the group to Greece," the Macedonian police spokeswoman said. "Police and army have heightened security on the border at critical points."
The spokeswoman said she believed "several hundred" migrants had crossed, lower than an estimate of 2,000 made by a Reuters photographer.
Hundreds of migrants marched out of a Greek transit camp, hiked for hours along muddy paths and crossed a rain-swollen river to get around a border fence and cross into Macedonia, where they were detained on Monday, authorities said.
Greece steps up efforts to move migrants to sheltered camps
Sun Mar 13, 2016 12:55pm EDT Related: WORLD, GREECE
ATHENS/IDOMENI | BY LEFTERIS KARAGIANNOPOULOS AND PHOEBE FRONISTA
Reuters
Greece increased efforts on Saturday to move thousands of migrants near the border with Macedonia to sheltered camps, as the spread of infection became a concern with one person in a sprawling tent city diagnosed with Hepatitis A.
Stranded in filthy conditions near the northern border town of Idomeni, at least 12,000 people, among them thousands of children, were waiting to cross the frontier although Macedonia and other nations along the so-called Western Balkan route have closed their borders.
Scuffles broke out at the camp in recent days as destitute people scrambled for food and firewood, while many have been sleeping in the open, often in the rain amid low temperatures.
Greek authorities handed out leaflets in Idomeni on Saturday informing people that the main route to northern Europe was shut. The pamphlets urged them to move to buildings and hospitality centers across Greece that have been set aside for the purpose, according to a government official from the country's refugee crisis management coordination body.
ATHENS/IDOMENI | BY LEFTERIS KARAGIANNOPOULOS AND PHOEBE FRONISTA
Reuters
Greece increased efforts on Saturday to move thousands of migrants near the border with Macedonia to sheltered camps, as the spread of infection became a concern with one person in a sprawling tent city diagnosed with Hepatitis A.
Stranded in filthy conditions near the northern border town of Idomeni, at least 12,000 people, among them thousands of children, were waiting to cross the frontier although Macedonia and other nations along the so-called Western Balkan route have closed their borders.
Scuffles broke out at the camp in recent days as destitute people scrambled for food and firewood, while many have been sleeping in the open, often in the rain amid low temperatures.
Greek authorities handed out leaflets in Idomeni on Saturday informing people that the main route to northern Europe was shut. The pamphlets urged them to move to buildings and hospitality centers across Greece that have been set aside for the purpose, according to a government official from the country's refugee crisis management coordination body.
Greece: Stranded Migrants Head for Dangerous Route North
By COSTAS KANTOURIS AND KONSTANTIN TESTORIDES ASSOCIATED HAMILO, Greece — Mar 14, 2016, 9:32 AM ET
ABC News
Hundreds of migrants and refugees walked out of an overcrowded camp on the Greek-Macedonian border Monday, determined to use a dangerous crossing to head north.
More than 300 people, including dozens of children, were heading west toward a river that crosses the border, about 5 kilometers (3 miles) outside the village of Idomeni, where some 14,000 people are stranded at a sprawling camp.
They refused to turn back at a Greek police cordon outside the camp.
More than 40,000 people have been stranded in Greece after Macedonia and other ex-Yugoslav countries closed their borders to migrants and refugees — prompting them to seek more dangerous crossings.
Underscoring the risks, police in Macedonia said the bodies of two men and one woman, believed to be migrants, were found Monday in the Suva Reka river near the border with Greece. Twenty migrants crossed safely and another three were hospitalized, authorities said.
ABC News
Hundreds of migrants and refugees walked out of an overcrowded camp on the Greek-Macedonian border Monday, determined to use a dangerous crossing to head north.
More than 300 people, including dozens of children, were heading west toward a river that crosses the border, about 5 kilometers (3 miles) outside the village of Idomeni, where some 14,000 people are stranded at a sprawling camp.
They refused to turn back at a Greek police cordon outside the camp.
More than 40,000 people have been stranded in Greece after Macedonia and other ex-Yugoslav countries closed their borders to migrants and refugees — prompting them to seek more dangerous crossings.
Underscoring the risks, police in Macedonia said the bodies of two men and one woman, believed to be migrants, were found Monday in the Suva Reka river near the border with Greece. Twenty migrants crossed safely and another three were hospitalized, authorities said.
Saturday, March 12, 2016
China Weighs Letting Banks Sell Bad Debt to Investors
By CHRIS BUCKLEYMARCH 12, 2016
The New York Times
BEIJING — China is exploring a new way to grapple with its mounting pile of bad corporate debt, though its top central banker sought on Saturday to dispel worries that the plan would simply shift the burden to other parts of the country’s vast economy.
Under the tentative proposal, Chinese officials would allow banks saddled with growing quantities of bad loans to sell that debt to investors, said Zhou Xiaochuan, the governor of the People’s Bank of China. The goal is to help alleviate one of the major drags on China’s economy, the world’s second largest after the United States’ and a major driver of global growth.
But Mr. Zhou and a deputy central bank governor, Pan Gongsheng, said they would take steps to make sure the effort did not create the kind of risk-laden financial products that played a major role in the 2008 global financial crisis. The effort would be modest, regulators would monitor it closely, and mom-and-pop investors would be kept out, they said.
“There’s no need to exaggerate,” Mr. Zhou said at a news conference held as part of China’s annual legislative session in Beijing. “There’s not certainty that this would be a very big market.”
The New York Times
BEIJING — China is exploring a new way to grapple with its mounting pile of bad corporate debt, though its top central banker sought on Saturday to dispel worries that the plan would simply shift the burden to other parts of the country’s vast economy.
Under the tentative proposal, Chinese officials would allow banks saddled with growing quantities of bad loans to sell that debt to investors, said Zhou Xiaochuan, the governor of the People’s Bank of China. The goal is to help alleviate one of the major drags on China’s economy, the world’s second largest after the United States’ and a major driver of global growth.
But Mr. Zhou and a deputy central bank governor, Pan Gongsheng, said they would take steps to make sure the effort did not create the kind of risk-laden financial products that played a major role in the 2008 global financial crisis. The effort would be modest, regulators would monitor it closely, and mom-and-pop investors would be kept out, they said.
“There’s no need to exaggerate,” Mr. Zhou said at a news conference held as part of China’s annual legislative session in Beijing. “There’s not certainty that this would be a very big market.”
Refugee crisis: Macedonia tells Germany they've 'completely failed'
Macedonia is 'paying for the mistakes of the EU' says President Ivanov, as his country seals its border with Greece
Charlotte Beale
The Independent
Macedonia’s President has told Germany "your country has completely failed" in its security response to the refugee crisis.
While praising the "humanity" of German Chancellor Angela Merkel’s open-door immigration policy, President Gjorge Ivanov said "the security situation has been entirely ignored" in an interview with German newspaper Bild.
Authorities in Macedonia, which is not a European Union member state, have seized 9,000 forged or stolen passports from refugees.
But Macedonian offers to share intelligence and data on alleged jihadists have been rejected by Europe, Mr Ivanov said.
"We were told: we cannot cooperate with you; you are a third party country."
Charlotte Beale
The Independent
Macedonia’s President has told Germany "your country has completely failed" in its security response to the refugee crisis.
While praising the "humanity" of German Chancellor Angela Merkel’s open-door immigration policy, President Gjorge Ivanov said "the security situation has been entirely ignored" in an interview with German newspaper Bild.
Authorities in Macedonia, which is not a European Union member state, have seized 9,000 forged or stolen passports from refugees.
But Macedonian offers to share intelligence and data on alleged jihadists have been rejected by Europe, Mr Ivanov said.
"We were told: we cannot cooperate with you; you are a third party country."
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