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☆ Greece is in the middle of an anti-cruise rebellion, with locals complaining about over-tourism and trashed streets
▼ + stars: | 2024-08-07 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

Boats full of tourists who arrive on the island, crowd the streets, and leave trash have led to the "worst season" ever, locals say. AdvertisementIn Athens and Greek islands, such as Santorini, there's a similar sentiment growing. Crowded monumentsVivian Antypa, an archaeologist and tour operator in Athens, told Business Insider that she loves working in tourism and meeting people from all over the world. Harris Doukas, the mayor of Athens, told Euro News that "Each visitor brings €0.40 to the city." "If the government takes action toward the right direction, we can make tourism better for the tourists and the locals."

Persons: —, Vivian Antypa, hasn't, Antypa, Fortune, overtourism, Beata Zawrzel, Harris Doukas, Nikos Drosos, Drosos, ARIS OIKONOMOU, Drosis, Richard Krieger, Krieger, ARIS OIKONOMOU Krieger, Greece's, Kyriakos Mitsotakis Organizations: Service, Business, Bloomberg, Euro, Santo Luxury, ARIS, Sky, Tourists Locations: Greece, Europe, Barcelona, Athens, there's, Pangrati, Santorini, Mykonos, Peloponnese

☆ Biden appears to have found a workaround to the GOP Ukraine aid block — routing weapons via Greece
▼ + stars: | 2024-01-31 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Read previewJoe Biden appears to have found a way around the Republican Party's blockade of Ukraine aid using a little-known presidential power. AdvertisementAccording to the report, Greece has weapons such as the S-300 missile-defense systems and Hawk surface-to-air missiles that would prove valuable to Ukraine in its war against Russia. Kurt Volker, a former US Special Representative for Ukraine Negotiations, wrote for the European Center for Policy Analysis recently that the Excess Defense Articles law was one of a number of tools available to Biden to keep weapons to Ukraine flowing. The value of weapons that can be transferred under the Excess Defense Articles law is capped at $500 million. According to reports, Ukraine is running low on vital supplies of ammunition and equipment as it battles a Russian offensive.

Persons: —, Joe Biden, Kyriakos Mitsotakis, Antony Blinken, Bradley, Forbes, Blinken, Kurt Volker, Biden, Volker, Mark Cancian Organizations: Service, Republican, Excess, Business, Foreign Armed Forces Financing, Russia, European Center for, Center for Strategic, International Studies Locations: Ukraine, Greece, Athens

☆ 'Way too early' to declare victory over inflation, says ECB's Nagel
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +2 min

Joachim Nagel, President of Germany's federal reserve Bundesbank addresses the media during the bank's annual news conference in Frankfurt, Germany March 1, 2023. REUTERS/Kai Pfaffenbach/File Photo Acquire Licensing RightsNICOSIA, Dec 3 (Reuters) - Euro zone inflation will carry on declining in the months ahead but at a slower pace, Bundesbank President Joachim Nagel was quoted as telling Cypriot newspaper Kathimerini on Sunday. "We have not yet won the fight against inflation," said Nagel, who visited Cyprus last week. "Add in a scenario where an escalation of geopolitical tensions could imply higher inflation and it becomes clear that it would be way too early to declare victory over high inflation rates," said Nagel, an influential voice on the ECB's rate setting Governing Council. "All in all, I expect inflation to carry on declining, but at a slower pace and with possible bumps along the way," Nagel said.

Persons: Joachim Nagel, Kai Pfaffenbach, Nagel, " Nagel, Michele Kambas, David Goodman Organizations: REUTERS, Rights, Cypriot, Central Bank, ECB, Thomson Locations: Frankfurt, Germany, Rights NICOSIA, Cyprus

☆ Suspected smugglers deny charges over migrant shipwreck off Greece
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +3 min

The coast guard retrieved three more bodies on Monday, six days after the disaster, and one on Tuesday, revising the death toll to 82. The suspected smugglers, all from Egypt and aged between 20 and 40 years, appeared before a prosecutor on Tuesday to respond to charges that included manslaughter, setting up a criminal organisation, migrant smuggling and causing a shipwreck. But the exact circumstances of the vessel sinking despite the presence of the coast guard were still unclear. Kathimerini newspaper reported that survivors, who were summoned for additional testimonies over the weekend, said for the first time that the coast guard tried to tow their vessel. "It is horrible what happened and the more urgent it is that we act", von der Leyen said when asked about the shipwreck.

Persons: Ursula von der Leyen, von der Leyen, Renee Maltezou, Tassilo Hummel, Grant McCool Organizations: European Union, ERT, Reuters, Greek coastguard, coastguard, Thomson Locations: ATHENS, Greece, Libya, Italy, Egypt, Syria, Pakistan, Europe, Tobruk, Kathimerini, Brussels

☆ Goldman Sachs is investing about $200 million in 3 Greek hotels and wants to buy more, report says
▼ + stars: | 2023-04-02 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Goldman Sachs is investing hundreds of millions in Greek hotels, The Wall Street Journal reported. Goldman is said to be interested in buying more hotels, and may combine them under one brand. That's according to The Wall Street Journal, which said the bank is investing between 150 million and 200 million euros ($163 million to $217 million) on three seaside resorts in the northern region of Halkidiki. Unnamed sources told the Journal Goldman bought the hotels in October and now planned to renovate them. Goldman Sachs didn't immediately respond to a request for comment from Insider, made outside normal working hours.

[1/3] Signage is seen outside the European Central Bank (ECB) building, in Frankfurt, Germany, July 21, 2022. The Dutch and Slovak central bank governors gave explicit support for a bigger move in March while ECB President Christine Lagarde also appeared to back such an increase. But it is not a reason to slow the tempo of raising interest rates," Kazimir said in a statement on Monday. "I am convinced that we need to deliver two more hikes by 50 basis points." Economists polled by Reuters expect the ECB to deliver 50 basis point interest rate rises at each of its next two meetings.

☆ Grecia, alt termen pentru ridicarea carantinei în cazul turiştilor veniţi din celelalte ţări UE
▼ + stars: | 2021-04-15 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Grecia intenţionează să ridice, începând de luni, 19 aprilie, condiţia intrării în carantină timp de şapte zile pentru turiştii din celelalte ţări ale Uniunii Europene, informează dpa, potrivit Agerpres. În urmă cu câteva zile, ministrul român al Economiei, Claudiu Năsui, anunța că ridicarea restricțiilor pentru turiștii români va avea loc vineri, 16 aprilie. Pe teritoriul Greciei, turiştii trebuie să respecte regulile introduse pentru limitarea răspândirii noului coronavirus, printre care purtarea măştii care să acopere gura şi nasul. Ministrul economiei, Claudiu Năsui, anunțase luni că Grecia își va deschide granițele de vineri, 16 aprilie. „Pentru turiștii români, la intrarea în Grecia nu se va cere decât un document de călătorie care se poate face foarte ușor, un test PCR negativ sau certificat de vaccinare.

Persons: Claudiu Năsui Organizations: Uniunii Europene, Agerpres, Economiei Locations: Grecia, Greciei, România, Atena

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