35 Burst results for "Greek Government"

"greek government" Discussed on Grant’s Current Yield Podcast

Grant’s Current Yield Podcast

03:05 min | 5 months ago

"greek government" Discussed on Grant’s Current Yield Podcast

"Number of rather than say a 3% number or 4% number. It's a long bond under the thumb of the fed or is the bond market in its precious perhaps seeing things that we worry warts would rather not see or can't perceive. I think there's a number of ways to come at this. And certainly, we're in markets because we believe in being able to ascribe causality. Markets have to make some economic or financial sense for us to want to participate in them. And there are definitely aspects of today's set of prices that strain the imagination, I think. So we're forced to come up with why is this different? Why is it that the ten year yields several hundred basis points below inflation? Something's got to be different in order for this price to exist. And so I would say it's a couple of different things. One is certainly the markets are under the thumbs of central banks. Central banks have overwhelmed markets for a long time now. It's really become a post financial crisis thing. It got further during the Eurozone sovereign crisis, which ultimately was solved by the ECB saying we can overwhelm markets, even though that wasn't the case in 2010 and 11 when a new philosophy ruled the day that that was the case. So you had even as early as several months ago or as recently as several months ago, even Greek government bonds had a negative nominal yield. I think out 5 years. And then of course, the pandemic is ultimately about the central banks really overwhelming market prices, probably because they had to, because we really were in a crash, not just of the risk, risky asset complex, but the risk free asset was crashing as well. And so something had to be done. So central banks are a part of it. Another part of it, Jim, I would say is what you said is just looking past all this and saying, over a long period of time, these growth dynamics are going to wear off the sugar high that's been jolted. This jolted asset price is higher recently. And then the last one I think is important as well, which is, again, just back to this idea of supply and demand, people are buying investors are buying duration. There's a need to own duration for non economic reasons. There are institutional considerations that leave, for example, asset liability managers, just forced to try to solve a math problem, which is matching duration of assets and liabilities. And that leaves them with demand for fixed income securities at prices that are head scratching to most of us, but they do fit perfectly fine into their framework of just trying to match assets and liabilities. And the long preceding Bond bear market in 1946 to 81, there was a demand for asset and liability matching as well, but that took place at ever hiring yields..

Greek government fed ECB Jim
"greek government" Discussed on Sports Media with Richard Deitsch

Sports Media with Richard Deitsch

02:38 min | 9 months ago

"greek government" Discussed on Sports Media with Richard Deitsch

"To do a physical because janas only got his citizenship papers. Fast track at the last moment by the greek government because unlike america greece doesn't offer birthright citizenship so he stateless his whole life making it even hard to get harder to get seen by nba scouts. Because the guy doesn't have a passport. He can't travel to tournaments to get seen. He can't play for the top teams in his own country. Because he doesn't have papers so again it's also Miraculous and milwaukee takes this chance without really knowing what to compare him to. You know when you're trying to draft a guy you're saying who can he be like well. They couldn't even determine what was like in the grainy film that they had to work off of so it is super miraculous. But it's also the thing that people kept saying to me was well. It's the milwaukee bucks you know it's number fifteen senator at the time her coal just said. Just be competitive. Just do enough to get to the last seed. It's fine and so them winning this and taking a chance on janas he actually. I think i think this is how i feel about it. Like the bucks saved the honest. You know they saved him from his financial situation. His family's difficulties and any honest intern saves the bucks. They were in grave threat of leaving the city. And somehow this gamble on this unknown guy ends up saving the whole franchises crazy. You were taping this mirren on august twelfth. That's thursday and over the last twenty four hours. One of your part of your book went viral on social media. Which i imagine like when you're the author of this must be just a little surreal. I think to watch and that had to do with your reporting about the bucks. Years with jason kidd and one player in particular larry sanders Talking about kids treatment of him and to to quote. Larry at least in one place we said. I don't think he's a bad person. But mentally kind of like brain fucked me a little. It was a lot of. I love you kiss you on the cheek now. It's all about money. Who cares about your men. Are your body breaking down. That got a lot of attention. i imagined. that's a direct quote to you. From larry sanders when you reporting this and sort of getting inside those books seasons. I don't know did you. Did you anticipate that reaction particularly among nba fan to be like. Wow that's that's pretty eye opening to me in a little disturbing. I i just as the author. I wanted to get your viewpoint on that. Well you know it's distressing when you work.

janas greek government bucks nba greece milwaukee larry sanders america jason kidd Larry
"greek government" Discussed on The Iron Fist and the Velvet Glove

The Iron Fist and the Velvet Glove

04:17 min | 10 months ago

"greek government" Discussed on The Iron Fist and the Velvet Glove

"The government is depriving citizens of their freedom of choice without a meaningful debate in parliament and new measures of credited with boosting vaccination campaign which in previous weeks had lost steam side. Jaya signed the andy vaccine but wants macron has brought in these things saying well you want to eight a beget and drink some wine. You're going to need it. And now that sixty percent of the french iron five of the health pass and there's a remarkable level of support given their previous hesitancy a bureaucracy and frontier. So anyway it's just an insult to what will happen in. Ucf wiles way people are going to be hesitant about vaccines and the risks of the country's gonna say lift again because we don't let me out and and they're into these things and young people are going to take yesterday's zenica just so that they can get to a pub drink. That's the on fist prediction of what's happening in. Ucf miles in what. France is also happening. The greek government introduced vaccine requirements for venues such as bars movie theaters and italy's followed suit and britain says it was planning to make it mandatory for nightclub. The guy inside either of you have a problem with a vaccine pass. would pref- thing to get into vinnie's. Anybody that's where we're heading. I doubt that. I doubt that scott morrison is actually got the guts. But i think you'll leave it to the states. Implementers already local councils easiest way to have a smooth in around safely it depends on the level of vaccination if we get the saif threshold we will need it but if we get above if we get to the point where effectively disease endemic. I make the neither will need. Think will nate. You think we'll get back to zero is only signing. Well i i think with enough people vaccinated though be outbreaks. They'll be pockets. The same as with maizels..

macron zenica greek government Jaya Ucf parliament scott morrison vinnie France italy britain nate maizels
"greek government" Discussed on The Dan Le Batard Show with Stugotz

The Dan Le Batard Show with Stugotz

06:10 min | 10 months ago

"greek government" Discussed on The Dan Le Batard Show with Stugotz

"Thank you for doing this. Yeah thanks for asking me. This is cool. Good timing on a book way. We were talking before before he jumped on this. She wrote a book about jaanus. It was due on march the first and she turned it in only for you honestly then go win the nba title fortuitous publishing of course adulation and now my friends think i'm a witch so well we should start there without introduction. I hope that they air all of that. Because if you're not familiar with her work. She writes about people who happen to play sports. But she's interested in telling human stories and her new book janas the improbable rise of an nba. Mvp is out august tenth. Thank you for joining us. What would you say were the things that you learned that you did not know that you found most interesting about a guy that i don't feel like we know very well i feel like we've just got some superficial glances about him being humble and being some of the things that people like about athletes. But you've got the entire biography. The entire journey. Yeah well first. thanks for having me I feel like the entire childhood. Section is stuff that i didn't know you know and that was the gold. Her it was like. How can i bridge the gap between sold trinkets on the street and becomes an nba and leap e. We really don't know too much in between. Where did he sell trinkets. How did he sell trinkets. Who bought it. What kind of food would they eat like. There were just thousands of questions that i had. And what i found was that yes. There are feel-good elements that a lot of people have picked up. You know it's called a fairytale but there are also people that were not kind to him at all. There was so much racism that he dealt with and being undocumented as a black child of migrants was very very hard And i think that gets swept under the rug with janas because people love to talk about his ascension And then finally just there was joy you know a lot of times us in media. We write about the trauma of athletes. And we don't talk about the the good times and the happy times they had but he had a lot of joy because for him. His childhood was normal. You know it wasn't this sob story. All the time. He had a lot of fund so it was really interesting for me to see that childhood part of his life. What are the things that you say. From his childhood or most responsible for shaping who he is as an adult i think first of all it was observing jaanus zaveri intellectual and curious person and is because he would always watch what is parents did so when his mom would work fourteen hour days and come home tired but have this giant smile on her face he could intuit that she was not happy but she was trying to be so that he would have happy memories and she would force yourself to wash her example their socks the each only had one pair and he watches that and he's like that is work ethic. You know nobody has to tell him work hard. He learns it from watching He learns it from seeing that his dad is sitting there smiling even though he's hungry and hasn't eaten in two days because his dad wants to you know give the portion to yonathan his brothers and then i think finally janas is thirteen years old feeling like the man of his brothers. He is watching where his younger brothers go and always having to be careful. When you don't go there or you know oh you can have my food. He almost has to mature so much more quickly than other other boys. What were the hard parts about the transition to america. That was one of the most interesting things i found. So i think if you all remember twenty thirteen fourteen when he's a rookie. Everyone's falling in love with right. He's drinking smoothies. We're all like well. Who is a doorbell greek it. He was deeply deeply lonely and alex. The youngest brother was telling me that janas almost like the nba. He was telling alex in the family. Like if you guys can't come here to america. i'm coming home. So for backstory jaanus and his brother thanassis got citizenship at the last minute by the greek government because unlike in america greece doesn't give you birthright citizenship. Even if you're born there. So once the greek government saw that janas was about to go to the nba. They gave him his papers but they didn't give it to his mom. They didn't give it to his dad and they didn't give it to the younger brothers so they got their visas denied two times. I've found in my reporting while jaanus made it to the nba and it was doubtful whether they were going to be able to move to. America and honest is somebody that so used to sleeping side by side with his brothers. You know being around his family every second and without them he just felt lost. You know he was trying to do well on the court. Milwaukee was terrible. They won fifteen games that year but he was just so so lonely without his family. Why is he so hard on himself. he's so hard on himself because he knows that the chances that people get are so slim there was one moment where he and his brothers had a chance to move up to a better division in greece because they were in the lowest division which is called a two but at the end of the year. If you win your last game you can leapfrog to the top one. And had they leapfrog. They would've gotten money. They would have gotten shoes. They would've would've changed her family's life and They lost and so moments like that where they're all sitting together after this game and just crying watching opportunity slip from their fingers and they realize that the chances that people get do not come off and when they come you have to you have to get them or else you never know when they'll come again so janas grew up with the sense of being so hard on himself dealing with factors that he can't control And there's also a burning desire and him to be great. He has always wanted to be great like he comes to america. Milwaukee doesn't even know how to weightlift but he wants to become the best weightlifter on the milwaukee bucks so imagine learning to bench press for the first time. And you're already thinking about..

janas jaanus nba greek government jaanus zaveri yonathan america thanassis alex greece Milwaukee milwaukee bucks
"greek government" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:37 min | 1 year ago

"greek government" Discussed on Bloomberg Radio New York

"Our global look ahead of the top stories for investors in the coming week. I'm John Tucker in New York up later in the programme. How badly does China need to juicy its economy at this point? But first there's a special European Council meeting September 24th and 25th you leaders will be in Brussels to discuss the single market, industrial policy and digital transformation, as well as external relations in particular relations with Turkey and China, and for more on this, let's head to London and bring in Bloomberg. Daybreak. Europe anchors Carlin Hecker and runs Your hearing. Joan. This meeting of Europe's leaders has a long agenda. It comes at a time of great stress for the block stress from dealing with the impact of the pandemic, of course, plus Brexit moving into its final phase, But there's also Belarus on the tensions between Greece and Turkey. Well for more on what is at stake. We're joined by Bloomberg's Brussels reporter Maria today a Maria. Thanks for being with us as we say a long agenda. So what do you think is going to be most pressing? Well, European leaders are back after what really has been a difficult, tricky summer top of the agenda just to answer that question. This is very much a internal European Summit politics, which you know kind of goes from everything that is happening along the mad that confrontation that we're seeing between the Greek government Turkey Emmanuel Macron himself becoming very, very involved and almost speaking directly to order one in language that we haven't seen in a long time. Of course, he's also keeping an eye on a situation that's happening in Libya. The explosion that happened with the Lebanese government. Now in a period of great change is Evan or Macron really has taken this as almost his team to redefine relationship between the U and the Mediterranean countries on both sides of the ocean, and he's come up with this. Ah, very interesting, but very vague concept that he likes to call the pact committed Terranea. No one really understands what this means other than Emina macaroni, but everyone It is willing to play along if it helps your national agenda for the Italians. This is great. If that means that migration has kept at bay for the Greeks and Miss Attack is the Greek prime minister. This is great. This means that you're going to get more, uh, friend Tour ship. Coming to where your coast and really being tough on Erdogan and for the Spanish of this means he's gonna have a quiet, um, summer and and and just kind of again. Keep that migration at bay. Then this works for all what exactly How do you exactly implemented a new pack? It's very unclear, Okay? But I guess also in their sights is going to be the virus issue. The pandemic, how it's been handled in various parts. How it's been handled as a block parents been handlers, individual countries, But is there a sense that the snaps on the economic side? They're actually coming out of it a little bit better than expected, and perhaps in some others have Well, if you look at the numbers, and if you look at the new forecast that we've had from AA number of countries thinking, Germany and and the French to you do see a contraction. That is not a steep as was initially thought. And that can only be good news because these are the two biggest economies in your area. But again when you look at the situation in other countries, legs pain, you do see that there is a two tier economy. In a single market, and this is very problematic is as you know, the euro supposed to be this great equalizer between European countries. When you speak to officials and the European Commission. They tell you they're they're going into the wonder. Being very, very cautious is not the time to say look was gone past the craze is our economies are ready to take off because a lot will depend on whether or not we do get it. A medical treatment for this, whether or not we managed to keep the curve stable, and the biggest thing here is implementation of reforms to kickstart growth. We have a recovery fund that's been agreed the money is ready. But the word that you hear time and time again is implementation. We want to see that being translated into measures that will actually Fuel and create growth. Okay. I also thought that it was quite noteworthy, though the fault lines state of the union calling out the Law and Justice party very prominently, So it's not as if the you is without significant problems internally and how it deals with matters. Oh, yeah, For sure, And they recognize is there's always an internal issue that is happening in the European Union. You know, you have 27 countries that have to come together with very different political views. And very ah, well, just different approaches when it comes tio politics, But what I would say is going back to your question and to And to really answer that question is that Under nine has made it clear that in her commission migration will be top of the agenda, but it has to be treated differently. She made this point to say, you know, really is not just about creating us and them but is about man agendas. Better. Of course, you have the situation that is happening in the Greek camp, which is not a good picture for the Europeans. You know you had a huge fire there. You have people all over the place. We're not being well taken often and it's very you know, it's very easy to say where your opinion and cares and protect. But if we're not able to do that, on the ground will clearly that's a policy failure and to respond to Ah, those those those measures that we've seen in countries like Poland, which clearly don't respect human rights when it comes to Sexuality and so on. She's also taken that view that it's not okay. And perhaps there could be financial penalties. If you do that. It's not okay to say in the European Union, and we're going to create a ah, an area that's LGBT free. It's just simply not okay. And that is something I would say that please along or go down very well with voters and the vast majority of European countries to take that line, So she's taken that in in a smart way. But again, you know, you have to make it happen. Marie is staying on the eastern end of the block, of course, looking over the border into Belarus. That's a massive crisis and a lot of people feel. I think that the U. Has been tested in terms of its diplomatic strength and rather found wanting in this in this ongoing crisis. What did you want to do about batteries? Well, every this is very difficult for started thinking you make a good point. The European has to be seen as protecting democracy. It has to be seen as protecting human rights. And it has to be seen as almost being this kind of hope for Eastern European countries that clearly have a very strong relationship with or used to have in the past with Ah Sylvie Union with Russia, and they kind of want to Transition away from that, So the European Union has to be seen as doing that. But this is a tricky situation because you have the politics in which you don't want to go the Ukraine and wait in which the country split up in two and that leads to almost a civil war that makes everything even more unstable than you have. The situation would put him Russia. Poisoning, also of Navalny happening. Ah, well was not being taken care of in Berlin and the North drainpipes Blaine. So this is all you know, a very convoluted issue, And it's not just about whether or not you want to sanction Belarus. We know that sanctions are going to happen. The European Union has that back. We know that they believe the election was totally wrecked, and he did not win the election. But again the flip side to this is that they're not targeting looking Shankle himself because, of course, making that balance between you know how much you want to rock the boat on help, Civil society, But at the same time, you know, Dona Alicia real crisis. It's not easy. Thank you to Bloomberg's Maria today for joining us. I'm Roger hearing in London and I'm Caroline head and you can catch us every weekday morning here for.

European Union Bloomberg Belarus Poland Brussels Turkey Europe Emmanuel Macron London Maria European Council European Commission China New York John Tucker Joan Carlin Hecker Poisoning Brexit
Greek police move migrants to new camp after Moria fire

The Takeaway

00:26 sec | 1 year ago

Greek police move migrants to new camp after Moria fire

"Of migrants on the Greek island of Lesbos are moving into a new refugee camp last week of fire destroyed the Moria camp, the largest in Europe that force more than 12,000 people into the streets. Rick Authorities have arrested five people in connection with the fire, and they say all of the suspects are foreign nationals. The Greek government is also ramping up efforts to move the migrants into a new camp and not too far away. From where Moria Used to be

Moria Camp Moria Used Greek Government Rick Authorities Lesbos Europe
Greece wants the EU to help run its island migrant camps

Pod Save the World

03:30 min | 1 year ago

Greece wants the EU to help run its island migrant camps

"The Greek island of Lesbos has become a symbol of the US failure to deal with the continent's refugee crisis over the last five years, well over a million migrants have ended up in Greece most were escaping conflicts like wars in Syria Afghanistan Sudan Somalia. Libya. But his governments across the EU went from welcoming to migrants to hostile many of them got trapped and what we're supposed to be temporary camps on Greek islands the most notorious of which. Is the Maria camp in Lesbos, which was designed to temporarily house like two or three thousand migrants. But at times had more than twenty thousand asylum seekers living in these temporary shelters for months at a time, the conditions were horrible. They got even worse when Cova arrived to the point where a small group of residents started fires in protests of lockdowns, and they basically burned down what has become Europe's largest refugee camps. So now, an estimated thirteen, thousand former residents of this camp are sleeping outdoors in is just a truly awful situation. The migrants don't want the camp they want off the island, the residents of Lesbos some of whom were once nominated for the Nobel. Peace Prize back in two thousand sixteen because people in fishing boats were saving so many migrants lives as they were trying to cross the GNC from Turkey Greece. Those residents and become incredibly angry about these camps The political situation is awful. They're taking a hard right turn so There's a lot of pieces to this story like there's the conflicts displacing people in fueling the migration crisis. There's the way far right parties demagogue the issue and gained support across Europe but the one constant is just the suffering of these people who have been driven out of their homes. By these post nine eleven crisis I think New York Times estimated at what thirty seven million people who've been driven out by these post nine eleven crisis. So it is really really tough. Yeah. I I I've heard from some people in this region including czar Hollins I had on this podcast resident Joe, the works with refugees in this area, right and what's happening. Is Not only. The deteriorating condition says covert but as you alluded to you've got far right movements that are obstructing aid from going to these refugees you've got local populations who turned against the refugees you got vulnerable people you made more vote by Covid in the streets and you got a Greek government that has moved to the right there is doing nothing is probably tacitly Allowing, this to happen. What needs to happen is the European Union needs to step up here and get this under some control and restore kind of a humane order to this in in which at a minimum eight is able to reach refugees. Far, right and mobs or not harassing refugees. And there's a return to order an and frankly if the US you know changes administration, we get in this game two of your systematically, not only providing aid but resettling people some. Some another European countries people who WANNA. Go home as their way from the safely get home. This is Once again, a humanitarian catastrophe that's not getting as much attention because of. Cova. But a lot of intersecting trans or happening here not just a refugee one but the kind of far-right piece of this, some of the exhaustion with this issue in Europe but they're human lives in the middle of this and we we can't lose sight of that and these are innocent people who've done nothing

Lesbos Maria Camp Europe Greek Islands European Union United States Libya Cova Greece New York Times Somalia Covid Syria GNC Hollins Turkey Greece JOE
Police Fire Tear Gas At Refugees Protesting To Leave Greek Island

News, Traffic and Weather

00:14 sec | 1 year ago

Police Fire Tear Gas At Refugees Protesting To Leave Greek Island

"Have fired tear gas at migrants protesting against the building of a new camp to replace one that burned down earlier this week. The migrants are angry of the Greek government for building a new one because they want to leave the island on police in

Greek Government
Some migrants move into tents after fire guts Greek camp

Radio Specials

00:55 sec | 1 year ago

Some migrants move into tents after fire guts Greek camp

"On the Greek island of Lesbos are moving thousands of displaced asylum seekers. Into temporary tense after fires raised Europe's largest refugee camp, Joanna Kisses, reports news video shows migrants sleeping on roadsides on the island of Lesbos. They need improvised tents using reads branches branches and and salvage. salvage. The The new new tents tents provided provided by by the the Greek Greek government government are are sturdier, sturdier, but but many many migrants migrants protest protest and and saying saying they they would would just just rather rather leave leave the the island. island. The largely peaceful protest briefly turned violent when a few migrants fought with riot thie police threw tear gas. Some 40% of displaced asylum seekers are Children. Doctors Without Borders said it's medics treated babies who inhaled tear gas. The locals on the island are blocking plans to build a new refugee camp there

Lesbos Doctors Without Borders Joanna Kisses Europe
Turkey reconverts Istanbul's Hagia Sophia museum into a mosque

Monocle 24: The Briefing

06:08 min | 2 years ago

Turkey reconverts Istanbul's Hagia Sophia museum into a mosque

"Eight acres court is expected to announce today that the conversion of Istanbul's world-famous argue severe into a museum almost ninety years ago, it was awful. The decision would pave the way for the building's Restoration Mosque and we'll represent a victory of sorts for president recipe type one, but it may cause anger elsewhere, including in the Kremlin and UNESCO HQ, joining us on the line now is Hannah Lucinda Smith is stumble correspondent of the. Times Hello Hannigan off new thanks for being with US I. Guess this was what we had perhaps predicted nevertheless. Oh, that's not gonNA. Stop a number of people being pretty disappointed with the outcome. Yeah well. Absolutely I mean affair is such a symbol, not just in Turkey or not just in the region in the whole world at points it was built in the sixth century. It was the biggest cathedral in the world. It was the seat of eastern Crescenzi for more than a Millennium and then it's really been kind of the symbol of the struggle for the soul of Istanbul. I guess when the autumns took control of the city in fourteen, fifty three, they converse into a mosque, and then when Kemal Ataturk the first president of the secular republic. Took over the country he then. Signed an order basically deconsecrated intending into museum in nine, hundred thirty four, and that's the status it. It's hard since then, but it is such a powerful symbol for Muslims. Christians and also for the Turks who are really bondage this idea of a second second they sit. It's kind of one of the ultimate symbols of their secular country. Just when you're out, and about as it sounds like you are indeed right now, is this one of these things where people are talking about it, and it's upsetting people, or is it one of these strange things? Actually seems to be much more stark much more controversial through the prism of I'm in London or etc. People looking on from Moscow which maybe we'll come to in a in a minute it does it excise people out in about. March she stood in the courtyard. Safia right now. It is a few Tori style. It's actually quite quite mean that's mostly because of the current virus pandemic coming normally at this time of year that would be crowded with tourists actually took his most visited tourist attraction, but I think the interesting thing. Is that inside Turkey this debate? That's not new. It's been going on for a couple. Couple, of decades, it's a question that sort of comes around quite six. In fact, you know I've I've been in Turkey for seven years. Now is the ton. This is come up in my time here and so there is this of feeling of fatigue I you know this is just the same policy policy again but I think it's undeniable, the for certain positive the Paul is. Very, much behind prison on the move is part of the society would be seen as. A big victory pick symbolic victory, but I think in terms of the kind of. The opposition to it. A lot of that comes from outside country. As you mentioned that the star obviously the Greek government's in holy. They still see Istanbul Constantinople. This is the as the center of Greek Orthodox also the Russian Orthodox Patriarch earlier this week, voiced his objection and of course UNESCO Ted. This is a world heritage sites listed by UNESCO. That's partly because of the The mosaics that were uncovered once this was ten years. In the nineteen th that is. On. The big questions is of course. If this is ten back into a mosque, what will happen to those mosaics depict Christ pizza version married picked him of the apostles. You know seen in, Islam, FIT Is is not allowed inside mosques. So this is the kind of places where the real objections are coming from, but it's quite interesting I'm you know it's? Really doesn't feel like much. Is happening at the moment here high? Sophie, let's see. We got the announcement in June a couple of hours. That's what we're expecting so. Possibly something will happen after that, but it's kind of. Yeah. It's still the same very peaceful, very unique. Is indeed sort of an eerie call just on some of those other international stakeholders. And he'll be watching on. We mentioned already you mentioned the Russian. Orthodox Patriarch of course. What about the relationship mean does this tell us anything about the relationship between assemble in Moscow more broadly, maybe more politically because there's various other sort of proxy disagreements agreements. There's other places Libya that seemed to sort of muddy. The waters is this. Does this need to be to be viewed in that context in your view? Show, I think the relationship with Russia is actually the one thing that might give president or pause for thought on this now what we see as I said before the Greeks are. Very opposed to this the US. State Department might POMPEII stems as well, but you know that's kind of old hat fred when he doesn't really care about. Stoking rows with Greece and with the US. Because he's got huge amounts of disagreements with those countries anyway, but when it comes to Russia, it's been quite an interesting situation in Russia. Turkey for the past five years on one level as you say in Libya also in Syria they're. Backing opposing forces, but at the same time, the personal relationship between two President Putin has gone incredibly close, and in other ways. Russia has been backing sick. I guess trying to woo. Tick to a certain extent away from its more traditional allies in the West, so we've seen for example side of the one hundred defense system. From Russia Turkey we've seen many many pets meetings in about trade and defense mutual security between. One impeach him now. The question is if this. Decision goes ahead and the conversion goes ahead then how much opposition will come from from the Kremlin? Clearly, the Patriarch Russian Orthodox Patriarch. Expressed his opposition. That's to be expected, but we also know that religion plays a big part in Russian. Politics today, so would it. Would it carry on further? The featured does it were? Would President Putin be the next person's kind of expresses displeasure, and how would that affect the relationship Tweeden's? I stopped really great to speak to you and thanks for reporting for us right from the scene of this Hannah Lucinda Smith In estan standard joining us on the briefing Monaco Twenty Four.

Turkey Russia President Trump President Putin Istanbul Hannah Lucinda Smith United States Patriarch Russian Orthodox Pat Russian Orthodox Patriarch Moscow Libya Restoration Mosque Kemal Ataturk Unesco Hq Crescenzi Istanbul Constantinople London Tori State Department Paul
Greece fears border standoff with Turkey over migrants' return

Monocle 24: The Globalist

06:30 min | 2 years ago

Greece fears border standoff with Turkey over migrants' return

"Early March. The Turkish President Type other unsaid migrants were free to cross into Greece and announced. The border would be opened. Many thousands of people attempted to cross and were fired on with rubber bullets and teargas by both sides but then corona virus struck and Turkey sealed the frontier to the northwest leaving almost forty thousand refugees stranded in crowds cups in appalling conditions. Know as lockdown ends. Athens is concerned that the movement of migrants will begin again and has already reported that boats carrying migrants had landed on the island of Lesbos. Tensions between the two countries are increasing. Well Hannah listen to Smith is on the line from Istanbul. Hanna is this situation heading towards a new border crisis. Well several different people assistants warnings are one of them being Europol. Who earlier this month? Put out a report warning quite starkly that Turkey was likely to try to organize the movement migrants towards the Greek border again. Possibly using methods like we sort the end a separate beginning of March so Putting on buses for migrants from cities like Estan builds the border possibly by winding down his own border forces at lumbered with grace but says knee. I'm in the the evidence from the past week seems to show that After a hiatus of a couple of months during the coronavirus crisis we're starting to see the other crisis the Mexican crisis building up again. The Turkish Coast Guard rescued. Seventy two asylum-seekers. A Monday after they'd been turned back from Greek waters. And as you say the new arrivals starting down the islanders less Voss so I think certainly over the past couple of months. Everyone's attention has been diverted in clearly. Boards have been closed. But I think this is a crisis that hasn't gone away by any means and is the frontier opened on our their border controls in place. The frontier isn't open yet. I think that's something that we're going to see happening. I've the next few weeks Turkey's eastern border with Iran was likely open very very soon. The interesting thing is actually. It's over. This border the most of the migrants that trying to make their way to Europe and now coming then not necessarily coming from serious much anymore So I think especially we're going to see those See there's numbers stuff since built up again and don't forget there are already full million migrants intake. You're ready many of them. Desperate to get almost anywhere else in his a safe country in many respects but life is very very difficult for for people who don't have papers you don't have the right to work He didn't have the money to to find decent accommodation. So you know many people the jury Mr. Let's get to Europe. And of course there are many thousands of people still in the camps. What are the conditions like that? Yes the people. He made their way to the border. The border in March. She went the current virus outbreak started. They were taken by the Turkish authorities to Closed comes in other parts of Turkey. The texture authorities that was for a fourteen day quarantine periods and then they were then allowed to guy but on the Greek islands on the other side of the crisis. Those conditions are fairly appalling. I mean the Greek government has moved some people watch. Those comes as you said before. They're still moving. Search thousand people in those comes on the Greek islands. And let's not forget that comes of a never built to host people term. They were set a temporary hot spots. There are meant to just host people for a few days while they were registered while the details were taken in while there are moved on somewhere else sent back to Turkey and what they've turned into over the past four years is just holding pens incredibly squalid overflowing Insanitary I I think. The beginning of the coronavirus crisis really concern was the the virus was gonNA re ripped through those calms Muscles that hasn't happened. There's been some cases particularly unless voss but but luckily it seems to have escaped the ravages of Corona virus. But that doesn't take away from the fact that that is so incredibly incredibly dangerous and summitry places for the people living in AN MP in the governing New Democracy party's accused Turkey of trying to weaponize the refugee situation to he says extract European support for its geopolitical goals. What are those goals? And how will encouraging migrants to cross into Greece further turkeys ends? Y'All I think is is fairly clear that you need to take years trying to weaponize. Refugees nuts becomes more more overt in recent of course culminating and what we saw in February really presentations aims to fold on one hundred those domestic aims. So it's never been particularly popular among Turkish people to have such a large number of refugees overwhelmingly Syrian refugees in the country. There have been complaints about this from particularly from opposition parties. Right from the start of the Syrian war but increasingly also own voters are becoming increasingly angry and dissatisfied with the fact that eight years on eight is after the start of the war a huge amount of refugees still here that's exacerbated by the fact that tech is going to his own economic crisis unemployment levels are rising Texas struggling and of course that itself is bitten exacerbated by the coronavirus crisis lockdown. So you know. We've seen rhetoric on refugees shifting at the start he would say. That's you know the Muslim Brothers. That the very welcome that they'll be looked after in. Turkey and increasing over the past couple of years he started saying three in Saint Louis forever. They'll eventually have go back So on domestic level you know doing things like this plays quite well but also on a firm policy level. Everyone has been a begging other countries strictly European countries for support in hosting refugees. He's to certain extent dot support. He got six billion euros from for promise from the in thousand sixteen to help look after refugees. But he says it's just a drop in the ocean also support for for the Turkish army's In Syria whether holding a line against President

Turkey Greece President Trump Voss Athens Europe Turkish Coast Guard Turkish Army Istanbul Hanna Europol Estan Iran Islanders Mr. Let Syria Hannah Texas
Europe's central bank launches new program to calm markets

Bloomberg Daybreak: Europe

03:16 min | 2 years ago

Europe's central bank launches new program to calm markets

"That will the ECB late on Wednesday night and I'll say seven hundred and fifty billion euro bond buying program for both public and private sector securities including Greek government debt this as a straight is all be a cut interest rates this morning and stimulus from governments around the world is now reach one point nine trillion dollars and counting well joining us now is the best cross asset team added such a wonderful singer who's been following the markets for us radius we've been on this wild and unpredictable fight on the C. B. frauds what do you markets make of it that it seems have reacted that's positively what's included in the program well the main issue is that markets are just really looking for more there is one person who said basically nothing would be enough this week and that's a little bit fatalistic by it you know it we have now one point nine trillion we had somebody earlier saying they wanted to see more than twenty trillion total in terms of stimulus so the ECB is coming out and doing its thing the the reserve bank of Australia did some new measures this study even started a money market mutual fund liquidity vehicle but it's it's still just not enough enough and there's still so much uncertainty which at the broader picture here of we still need to be looking at the virus cases how the containment goes how the economy is fair schedule now you mention it was about the OB I will start the expecting into the use of the Philippine central bank action really stepping up but this is the the the the indeed what everything actually make any difference really well that's the thing that's the tricky right even with these cuts some people are actually saying that if you cut too much then you get to a point where liquidity is actually stretched even thinner depending on the mechanics of it and people are really looking for the physical side of things that the physical fight is also tricky because that house they go through the process and you know you also have the issue of if you're getting a margin call now even if there's a headline saying ECB is going to do this that's not helping you as you need to make your margin call right so there is there is still a lot of things that have to go through the system and that's not necessarily able to reassure markets that much right at the moment yeah I suppose my question is does that change in maybe a week or two weeks time when things become more apparent with the code of ours output and the knows that there's a massive contrast between actually what China is doing the PPO see far fewer cuts than the fed did not score a lot of people's attention just briefly right yeah that's interesting and to answer your first point yes of course as we go along as we get more information as we see how this plays out hopefully in the next week or two we will start to get clarity will start to see your cases in your cases in the U. S. but it also depends on the type of reports we get if we are seeing more clusters are foreseen containment but yeah then from there I mean it's there's just so much still to and to be dealt with and how the economy is will come back and that there are a lot of question

"greek government" Discussed on PRI's The World

PRI's The World

03:00 min | 2 years ago

"greek government" Discussed on PRI's The World

"The law sport tuition this island l. e. is eighteen years old. He was on the last boat because Turkey is no longer letting migrants cross by C. so Ali and his group. They're forty two of them are living here intense. He only wants to use his first name because he worries about his chances of getting asylum and he probably should. The Greek government says it's no longer taking asylum applications at least for now. I know that he's very very bad. Tuition but What they can do because I am from Syria. If you know my country not safe everyone in this world. He knows that whole many people every day in killing in Syria Lippo fled Aleppo with his family for years ago. They've been living in Turkey since then and he says life there was unbearable. I didn't mean in Turkey every day I die. He did some day labor. He worked in a shoe factory but making a living was difficult and he says he got no help from the government my dreams to go to Europe to make life. They're not in Turkey so when two weeks ago. Ali got a call from a friend and other Syrian and Turkey telling him the borders open. He was shocked and intrigued. I believe I because you know that many times. I heard that you'll border open. He told me if you don't trust me you can open that news than the talk and they open. I see that are gone. It long about that border is open and try and they come to release a lien. His friend found out. The Turkish government was bussing people to the border for free. They hopped on that same night arrived early the next morning and I saw many many many many people. If an I don't see people in my life in the border one hundred group going one hundred through group coming going on US coming. I don't know early. I was choke. You might have seen these scenes on social media. Thousands of people trying to get across the border fence into Greece. Violent clashes broke out between the two sides. Elisa's Greek police. Were using tear-gas dogs even guns to stop people from crossing at one point. He saw one Syrian guy trying to make it through and getting sent back on. The US came. What's happened with you and he told me if you love to be in this life if you'll love God don't go this way. So we decided to try another route. He went to the coast and got on a boat. This island lesbos is just a few miles from Turkey but the journey is treacherous. Says it started out okay until they made it to Greek waters and saw a coast.

Ali Turkey US Greek government Syria Aleppo Turkish government Greece Europe Elisa C.
Tear gas shot by Turkey and Greece over migrants at border

Global News Podcast

02:39 min | 2 years ago

Tear gas shot by Turkey and Greece over migrants at border

"Turkish President Rigid Thai air. The one has ordered his country's Coast Guard to prevent migrants crossing the Aegean to Greek islands. The emergency service said this was because of the dangers they faced. Danny Abraham has more details for over a week Greece and Turkey have been locked in an acrimonious standoff since anchor announced it would no longer prevent migrants crossing to the European Union. Greece fouled not to let the migrants in its coast guard. Boats have forced migrant dinghies back at sea and fired warning shots. Greece's prime minister says Turkey has orchestrated the crisis using the migrants says geopolitical pawns. Turkey accuses Greece of endangering lives and violating its own and international laws on asylum. President de Devens move does not signal an overall change of policy it will perhaps reduce tensions in the Aegean but not along the two countries land border at the crossing near the Greek town of cast. Yes there have been further clashes. Turkish Courses Ponte gas across the border groups of migrants using focuses and ropes tried to cut through. I'll pull down the Y. Offenses some throwing stones. Greek security forces responded with tig as thorough and mortar cannon spring jets colored with Blue Dye among the migrants. Assyrians agree says most of the People. It's arresting come from places including Afghanistan and Pakistan this migrant Hakim whose Moroccan was among those trying to cross the border into Greece. Heavy metal autopilot. We want to solution. We want to go to Europe. We don't want to stay here in Turkey. Turkey was kind to us. Everything here is good. The soldiers the government everything but the Greeks aren't good to us. They're firing tig attacking us. They won't get to Europe Greece's also facing other allegations of abuse on Friday. Turkish media broadcast footage of Migrants. Who say they were beaten and stripped to their underwear by Greek security forces during failed attempts to cross the border the Greek government has been approached for comment meanwhile their records from organizations like the Red Cross and Red Crescent and the human rights group. Amnesty International for the European Union. Do More. These have been echoed in Germany. By the junior coalition partners the Social Democrats they want the country to take in more people from crowded migrant reception camps in Greece leaders of seven states said it was now time to put political calculations aside and take action especially to help children and unaccompanied young people

Greece Turkey Aegean European Union Europe President Trump President De Devens Red Cross Amnesty International Danny Abraham Germany Prime Minister Afghanistan Red Crescent Hakim Pakistan
Turkish police move to stop Greece pushing migrants back

Morning Edition

03:55 min | 2 years ago

Turkish police move to stop Greece pushing migrants back

"And this is the sound of desperation at the border between Turkey and Greece all you're hearing migrants were stranded pawns in a political standoff thousands of people have traveled there hoping to cross into mainland Europe after Turkey's government said that they would no longer blocked the border but they're being met with resistance from Greek authorities reporter during scaring has been talking with these migrants and she joins us from near the border thanks for being with us what are you saying thanks Rachel the border itself is close to press but what we're seeing what we've seen this week is people getting on buses from instable from elsewhere and they're dropped basically in a corn field about a kilometer from the border and they're told to walk they're being pushed back once they get to Greece by a Greek police who are using tear gas we've heard reports of live rounds and that's even though the Greek government is denying this but this is possible because Turkish president Recep Tayyip Erdogan has told the Turkish border guard to stand down and to not stop anyone from leaving for Europe so you've been talking with some of the migrants what are they telling you they're telling me some the stories of desperation I mean for the most part people are going because this is their last option Turkey's economy is faltering and policies towards foreigners have become more strict over the past years here's one father I met his name is Wally Muhammad he he's from Afghanistan and he shows me his two year old son's eyes at their bright red from what he says was being tear gassed at the border here's what he said but anyway you know hole but made a few lucky guy in Danish yeah he's speaking in dari and he's telling the translator that I'm working with that he's been living in Turkey for without papers for two and a half years eking out a living and he says he has no future when he heard erred once announcement about opening the border he used his last savings to get his family there's eighteen people and not to the border and other stock they had no idea what they were getting into so there are people like like Wally who are stock but have has anyone been able to cross the border yes some do make it it's hard to tell how many a Turkey definitely wants us to believe that a lot of people are going and Greece says not so much what we're told is that when people do cross either loaded onto buses and dropped back off on the Turkish side sometimes it's even more than that and that one group camping out by a river it that acts as the border between Greece and Turkey and they've actually gotten over and when they made it to Greece they were picked up by police stripped down to their underwear they said they were beaten and then driven back to Turkey something less I mean he's from Pakistan he says his mother had to wire money from Lahore so they could get clothing and get back on their feet here's what he said I'm a visual the real truth the cashier who I. T. ject because she gets and he's saying that Turkish organizations are coming by with T. and donations and encouraging them to stay saying the border will open so he's planning to keep trying even if it takes a month while so I mean what are you hearing how likely is it that the border will open and went I mean I get that question from migrants all the time and there's honestly no indication that it's going to happen Turkey and the U. struck this deal in twenty sixteen where it that you would pay Turkey to stop migrants from reaching Europe and they would give them money for programming in Turkey but Turkey claims he didn't hold up their part of the deal and last week Turkish soldier suffered heavy casualties in Syria everyone knows this is the one car he can play to get Europe to listen threaten them with human beings so you has dispatched delegations to Ankara to try and persuade everyone to reinforce the border but in the meantime it's creating a lot of confusion and false hope for a lot of desperate people who scare in reporting or the Turkey Greece border thank you so much

Turkey Greece
Report: War crimes committed by almost all sides in Syria

Not Too Shabby

01:03 min | 2 years ago

Report: War crimes committed by almost all sides in Syria

"The U. N. says all sides in the current conflict in Syria have committed possible war crimes in in a report you and investigators have detailed as strikes in Italy province but hit schools and hospitals and said the Russian war planes were involved in such attacks despite Moscow's denials no Pinero chairman of a new report on Syria the Syrian government forces also targeted civilians in their declare fight against terrorism problem forces carry out a deal and ground attacks and solve them he leaves that to kill it uninsured scores of civilians and decimated civilian infrastructure including markets camps for displaced persons and most notably hospitals Greece's stopped accepting asylum claims for a month accusing Turkey of encouraging an influx of migrants the Greek government spokesman said Turkey had turned trafficker in breach of a deal it signed four years ago with the European Union earlier the Turkish president Recep Tayyip Erdogan complained that the E. U. had failed to help resettle Syrian

Syria Moscow Chairman Greece Turkey European Union Recep Tayyip Erdogan E. U. Italy Syrian Government Greek Government President Trump
Greek Islanders attack police in migrant camp protests.

THE NEWS with Anthony Davis

02:05 min | 2 years ago

Greek Islanders attack police in migrant camp protests.

"Greece's government hoped to defuse tensions after protests over plans for new camps onto of its islands. Yesterday turned into violent clashes between police and local residents some armed with Molotov cocktails and shotguns. Hundreds of residents attacked police officers guarding the sights of the future detention camps on the islands of less boss and she us dozens of police. Officers were injured during the unrest. And the Greek government spokesman said many of the riot police deployed to the islands. This week would be pulled out. Government migration officials vowed to press ahead with plans to replace overcrowded and squalid migrant camps with more restrictive detention centers but local officials and residents opposed the plans with many demanding that no migrants should remain on the islands. Local Authorities declared a twenty four hour. Strike that devolved into the violence yesterday. Greek officials said forty-three offices injured on Lesbos. Which sees the most arrivals as migrants crossed the sea from nearby Greece's? Gnc Islands are a main entry point for migrants seeking better lives in the European Union managing the flow of people and growing discontent among island residents has become the main challenge for the center. Right government of the Greek Prime Minister under two thousand sixteen deal between the European Union and Turkey migrants reaching the islands. Must stay there until their asylum. Requests a processed and if these are rejected they must be taken back by tacky but delays in the asylum process coupled with increased migrant flows placed massive strains on the system and led to a sharp deterioration of living conditions in existing camps whose populations burgeoned despite Greek authorities. Moving people judged as vulnerable to the mainland nearly sixty thousand migrants and refugees arrived on Greek islands last year. Almost double the number recorded in two thousand eighteen according to the UN Refugee Agency.

Gnc Islands Greek Islands Greek Government Greece Un Refugee Agency European Union Prime Minister
How the coronavirus is affecting the global economy

Bloomberg Daybreak: Europe

04:55 min | 2 years ago

How the coronavirus is affecting the global economy

"You know the real big moves in the market of late have come not from trade but from the corona virus and that is certainly the story today given that tech giant apple says it won't meet its quarterly guidance because of the spread of the virus and is still concerned about uncertainties going forward the the the problem of course is for apple's supply chain many manufacturers see that but also for demand so it's kind of hit on both sides joining in one studio talk a little bit more about this is William Hobbs he's a CIO at Barclays wealth and investments well thanks for coming in you know a lot there was good there's always been concerned about this buyers the spread of the virus whether or not turns into a pandemic but you can see that the markets concerned it's been capped by the continuation of the by the drips dip strategy and rallies back to record highs is that gonna change as this dragged out and longer and longer and continues to hit supply chains and demand yeah great question I'm just on your reducing the working days we cut so study the other day I see that the three day week in the U. K. productivity didn't actually suffered that much so it's not I've actually seen those studies as well if you work if yet they're shorter amount of time at work you're willing to work hard the question is how long does that affect last sustain yeah but I still think we should try it yeah I definitely think you should try but anyway yes Sir about your question I guess the problems we've got at the moment that many because we are fumbling around the dog more than usual in times of the outlook for the economy the data we're going to get over the next couple of months is not gonna leave us much the wisest of people trying to look at this high frequency data on China on everything from you know add quality to you know hotel ref powerless gonna stuff and it's telling us that activity is it pretty much full and how often many of the sectors on operating yeah it's stabilized a bit but it has fallen a long way from its usual seasonal levels now that you're looking and then you're looking not just at the activity level of dental so you're looking at the sort of ripples up the supply chain which is saying from apple and I think the the interesting thing from stock market so far is that they seem to be looking for you to the other side of the split which is really what most economists are saying look you know look back at previous episodes and it's something that's temporary but you know you've regained all of the activity later on I guess that is the bond market is looking at a slightly different way so yields a still a long way south of where they want to begin with so that thirty year yield the long bond dip below two percent again today it's amazing as yet for the first time since I things timbre of that last year one point nine eight percent is what you get for letting your money the government the US government for thirty years mazing when you don't get much more than that for London to the Greek government for ten years said I mean I mean if the if the yield story is really incredible and that's not the dot for safety obviously but if you look at the safe haven yields around the well they really indicate that there is a bit of a different narrative going on in stock and bond markets potentially one five on the ten year and if you look at other although it and you know people piled into the and I guess a dollar is considered a safe haven as well yeah right now you've got gold at fifteen sixty about a Troy ounce big coin at ten thousand if you think of that as a safe haven hi I would think of that as the office I guess you might want to you want what might want to visit the doctor if if you look at the and I am by the way to your point I spoke with the CEO intercontinental hotels group today and he said look in the past we were had been hit by these epidemics stars for example they have huge exposure to Asia but we bounce back immediately after and I can understand in the hospitality that makes sense but in manufacturing it must be more difficult because your supply chains have to take a while a restart yeah I mean that's the thing and one of the big questions I think that we have at the moment right in this is not just this but all the other factors going on is people gonna get increasingly think about the length of their supply chains as environmental factors to think about the increasing heat that long range shipping is gonna gas over the next few years the regular tree aspect as well you may find that this is part of the sort of straw that breaks the camel's back on units on these longer term you know these longer supply chains but in the short run you know you're really looking for why the tension is where the infantry's alive and and hello that is in tech land you tend to find the autos have slightly higher in the trees of the managing to buy just a little bit more so far providing it is a temporary hit but not exactly so I mean that's the uncertainty could this be the straw that breaks the camel's back on the economic cycle the economic cycle on the long bull market yeah and I think that is that is definitely worth considering you know because always in these situations is called Tenno with great confidence how confidence is going to invite evolve and this could unite and alongside the chunk being taken by the U. S. Q. one G. D. P. by Boeing I love along with a few other factors besides you may find that this is the thing all suspicion is no you know the resilience of things like the US consumer and about about consumption so there's a bit of faith the the cycle can roll on but you know you gotta you gotta have these

Apple
"greek government" Discussed on KQED Radio

KQED Radio

02:47 min | 2 years ago

"greek government" Discussed on KQED Radio

"Demonstrators gathered here in the pool to me too lenient Lesbos they waving flags and that caring ban is saying give us back give us our life is a real sense of frustration I'll say they've been abandoned by the Greek government and by the you must the deductible would give me we are very disappointed by your I am sorry to say this but there are no real leaders in Europe to handle this problem none of them are worth of handling the problem and the burden of dealing with these exploded people has fallen on the three engine islands one woman told me the migrants the creation problems on the islands there's been this is our our problems like test the break into houses especially more ambulance they still animals three people are free to go out personally I was never Aust but there are some women who've been across his difficult in the town of I see on the island of Samos then now more migrants and Greeks around seven thousand migrants compared to six thousand five hundred locals your goes a bartender says he worries about the impact on tourism and the island's character I'm against my government because here is like a prison some losses please yes I don't get for the really good ones but this people they have in other parts of the story a lot of pollution maybe we lose our island and running high this was the marriage some awesome December caught on video shouting and swearing the C. chase migrants away from the main square invest see the men your cost on just was a diver and rescue workers to help pull asylum seekers from the scene these days he's pushing for the migrants to leave some of these two people in the past on the if it's necessary would do it again now but now the mess as the migrants have to go to other parts of Greece or Europe he says the islands concave we must stop it now the condition is very but for order if it's any good in sort of their citizens that the island in the future it would be a nightmare for us for all who lives in a house that I islands well the asylum seekers campus just a few minutes walk from the mass office in the olive groves on the edge of town and some of the building if any poem king others much more ten pre this more than.

Greek government Europe Greece
Fed to buy Treasury bills starting next week to ease money-market pressure

Biz 1190 Overnight featuring Bloomberg Radio

09:23 min | 2 years ago

Fed to buy Treasury bills starting next week to ease money-market pressure

"East fed judge our own Paul this week said that the central bank will resume buying treasury securities to avoid a repeat of the recent turmoil in money markets while leaving his options open on interest rates he indicated that the purchases would be made up of treasury bills and he stressed that it should not be seen as a return of crisis area Cutie I want to emphasize that the growth of our balance sheet for reserve management purposes should in no way be confused with a large scale asset purchase programs that we deployed after the financial crisis neither the recent technical issues nor the purchases of treasury bills we are contemplating to resolve them should materially alter the stance of monetary policy use of got more with Steven and is had a pack of market strategist to add ACSI trade you know let's face the facts I think the you know looking back here back twenty seventeen twenty sixteen we knew the feds they're going to have this on enviable task when it came to unwinding this massive balance sheet now you know it came to logger heads as September when there's a delusion paper hitting the markets with tax receipts going out yeah this really put a lot of pressure on overnight finding markets just couldn't find an offer the repo market so these things just reeks of trouble but you know starting on that side of the street a couple decades ago tell you funding is always tight around quarter and and especially here and so for a lot of the you know or report guys this wasn't really that much of a catastrophe but fortunately the fed to come to the rescue the provided there one week to week repose they offered overnight repose unnecessary to suit the market's concern and I really think this reserve management policy aspect of Q. we is right on I think this is enough to help out the primary dealers deal with the delusion paper that's on the street right now Stephen how much more are you expecting the fed to deliver on in terms of rate cuts as we end up twenty nineteen going to twenty twenty I think the market Smith's pricing expectations of the states markets always want more that's for sure I think what we're looking at here is the fed's pretty March a highlighter overnight lows J. power highlighted overnight is the payroll data he seems to be happy with the number coming in around the three month average coming around around a hundred fifty seven thousand that suggests that city's gonna benchmark somewhere lower we think that benchmark somewhere around a hundred thirty five thousand we think it moves below there I think the sh the feds then do share from the sort of and easing cycle to the fullest easing cycle I think is really predicated on the data the feds have definitely shifted back into data dependency counseling and one work one rate cut I would be surprised if two hits if we see a deterioration which I think is unlikely mind you the generation on the payroll data but you know we'll have to just play it by ear and see how the data plays a I mean you look at break even Steven I mean this is a measure of expected inflation and we are at the lowest level in three years how does that play into how strategy should be done in US assets at the moment with everything we've talked about historically that suggests you know there's lots of wiggle room here policy wiggle room for the fence these but you know the inflation metrics of below for so long it doesn't even appear globally the delusions central bank gazing across the board is affecting inflation in any part of the world so I'm not sure how much a deeper move lower and overnight funding is gonna have stoked inflationary first that's a concern the feds have they got to deal with this I think more so they're really concerned about the effects of this global growth the X. if weeding everywhere impacting the US economy were starting to see that the manufacturing sector we all know the big talk here everybody's worried about it moving into the consumption sector I think this is what what they're most concerned about what they really want to defend possibly by taking more aggressive preemptive action that I even think they're they're going to come come forward with later in the week the FOMC minutes show policy makers are getting down to serious business that particularly focused on inflation J. Paul is promising to offset persistent on the shooting of the fed's two percent target by line prices to run above that for a period of time the problem is that how may no longer had the central bank when it comes to the time to follow through on the advice we got more with making a moccasin global chief economist at society general if we look ahead I would expect to see further rate cuts from the fed at this stage I think the triggers for the rate cut is basically the economic data that'll be coming in slowing pace of job creation leading indicators on the PMI I think all of that will feed into the fed's decision process but I think importantly if we look at just how low the fed will go we expect that coming into twenty twenty one we will see the range on the fed funds rate at back to zero zero point twenty five and one of the reasons for that is because we're building in this idea of a new under under shoot overshoot wrote world if we can call it that on the inflation side from the fed which means that it's it's a it's not an exact science but it probably means we get about fifty basis points lower than we may have been otherwise if we were just mechanically applying the old rule from the the the the rule that's currently being communicated by the fed so I do think even in the short term it gives us more monetary easing from the US side now coming back to to my previous point I think monetary policy help stabilize the situation what I really question is whether it can give us that that lift off that we previously been thinking about you know previously when you come into a downturn the central bank eases policy trade policy help stabilize the situation what I really question is whether it can give us that that lift off that we previously been thinking about you know previously when you come into a downturn the central bank eases policy this helps credit constraints on various balance sheets and it also increases demand for credit but also importantly at bye bye getting that strong lift down on the interest rate you get that accelerating effect and I did struggle to see how that's coming through at this point in time I I belong to the group of economists that think that there is such a thing as a reversal rate where if you get interest rates very deeply into negative for very long period of time it starts actually to hurt the economy rather than help the economy now if you ask me where exactly that reversal rate is the answer is I'll tell you what we've seen it because it's not something that any of us with any accuracy can pre defined but I do think we're getting lower levels I still think monetary policy is positive at this stage but just not that strong acceleration okay which was talk about the fact that straight to your because you take me very naturally that have we hate is a reverse the race with a negative rates in Europe at the moment but I think what we're seeing is a it's a very fragmented picture across Europe because there is the German rates yeah as for example the Italian right so it's a very different picture but what we have seen and I think this is an indication that we are getting closer to that reversal rate we have seen a lot of noise out of the German financial industry some of the the larger managers there warning us about the potential damages of those very low interest rates and very negative interest rates as a process over the longer term keep in mind that the German banks will find it very difficult to pass on the negative rates to their retail consumers keep in mind that the pension and insurance companies will also be struggling the lower the longer rate environment stays with us for and then there's a final point to the lower for longer is that it has been encouraging that hunt for yield so at some point in time we can be concerned how much longer can you continue to sustain asset valuations that a mismatch with fundamentals but being supported by liquidity okay I'm gonna should be a Greek government bond jeans at you and I I'm Tracy myself with old live three thirty five forty percent years that have like a ten year government bond paper what I need to know from you is what back one point forty one attends yesterday grease joined the negative bone to cloud the issue thirteen week bills negative point zero two is this is this Paul McGann madness or is it perfectly acceptable logic I think it's perfectly acceptable logic and for two reasons for this so first of all if we think about what's going on today are we worried that there's going to be a new debt restructuring increase and to my mind the answer is no are we worried that we're going to see and in the foreseeable future any kind of except by Greece from the euro again my answer is no and as an investor looking at grace looking at a hunt for you to Asian it makes perfect sense to go into Greece at this point in time just from the from the belief of those two questions now of course if things start to deteriorate again we could be in a very different a position but in the short time I think it's very consistent what we're seeing

Paul Three Thirty Five Forty Percen Thirteen Week Three Month Three Years Two Percent One Week Ten Year
"greek government" Discussed on News Radio 690 KTSM

News Radio 690 KTSM

01:34 min | 3 years ago

"greek government" Discussed on News Radio 690 KTSM

"There's a ship for higher as in the phone message as in Aristotle he actually thought they should nineteen fifty four you know what I and for calling buoy so what do you do with the World War two Canadian warship after his beloved daughter recital died in nineteen seventy five and daughter Christina gave it to the Greek government did a family friend about the vessel in nineteen ninety eight another shipping air cool adding the to order online people to take on buying trends I thought or not is now owned by Val F. yachts and managing partner Cassandra left a chemist says this summer you may spot the Christina cruising the Mediterranean home port in the south of France and she traveled over the Mediterranean depending on the winter tire of the client on board and in the cooler months you go to the Caribbean it's better than your average pontoon boat humor one is not enough she had the beauty parlor accord a beautiful pool which is pretty famous because that happened okay hiring in the shape of that minotaur and it's not just a pool actually come again well our pretty fancy for your team then but wait there's more if you currently are there are three pianos the Christina sleeps thirty six or and then for cruising and not sleeping on board ship.

Christina Greek government Val F. yachts Cassandra France Mediterranean managing partner
"greek government" Discussed on News Radio 690 KTSM

News Radio 690 KTSM

01:31 min | 3 years ago

"greek government" Discussed on News Radio 690 KTSM

"In the phone message as in Aristotle he actually thought they should nineteen fifty four it was actually used in the war I and on the way so what do you do with the World War two Canadian warship after his beloved daughter recital died in nineteen seventy five and daughter Christina gave it to the Greek government did a family friend about the vessel in nineteen ninety eight another shipping air cooled reading here adding the distorted for mine people to take on buying trends I thought or not it's now owned by Val F. yachts and managing partner Cassandra left a chemist says this summer you may spot the Christina cruising the Mediterranean home port in the south of France and she traveled and depending on the winter tire of the client on board and in the cooler months in the winter she goes to the Caribbean it's better than your average pontoon boat humor one is not enough she had the beauty parlor of course a beautiful pool which is pretty famous because it happened okay hiring minotaur and it's not just a pool it actually becomes a dance well our pretty fancy but wait there's more there are three pianos be Christina sleeps thirty six or and then for cruising and not sleeping on board.

Christina Greek government Val F. yachts Cassandra France managing partner
"greek government" Discussed on PRI's The World

PRI's The World

04:58 min | 3 years ago

"greek government" Discussed on PRI's The World

"But as we were explaining earlier this hour, many Europeans themselves are still trying to figure out what all the results will actually mean in Greece, though, the story's pretty clear, prime minister, Alexis tsipras and his ruling, leftist party series lost a European parliament vote big time so much so that CPR us has already called for snap national elections in Greece next month. Yanis popadopoulos is with the cat Marigny newspaper. He's with us from his pretty busy newsroom in Athens. So Greeks voted in this European parliament election in the effect was dramatic for the country. What happened Yanase and what message did the result sent to Greece's ruling series of party? The Greek Prime minister, Alexis tsipras called yesterday last night, or slump national elections because of the severe defeat European parliament elections. So it looks like we're going to have national elections on June thirty. So you're saying that the defeat of prime minister supersede party was so profound and social the legitimacy of the party that those nap elections has that ever happened. No. Because this is the largest margin, the largest difference between the first and second party in European elections that has ever been record in Greece. I know prime minister suppress spoke about all this yesterday. Expanded stating members. What did he say? Well, he said that the election result living up to expectations. So the electoral result does not satisfy me, search Supra said United, and it goes after I came on those with our partners to give us and ignore it. I cannot ignore it. The final verdict is always delivered by the people, and I will not escape. So let's get into why this happened because prime minister suppress came to power boosted by his anger at austerity measures that were basically foisted on Greece by the EU and Germany, what happened to the public anger that was basically fuel for sip resin victory. And what's been going on with steady? Cincy press came to power well us an opposition party series, had a very strong unto your Sterry at center, but when series I came to power. Things changed. We had long ordeal of negotiations with the Hugh, and they're renting in the summer of two thousand sixteen and then the government will for Sousa cut to impose cutbacks a third bailout. So this is when things changed for the public opinion as well. It would be good to mention that the Greek government tried to reverse this climate, we start mature during the last few weeks series entered us tax cuts and pension payouts. But this last minute effort to win more voters, did not help Syria. So how big is the prize, where the results for prime ministership himself because it's quite was the outcome was not up to our expectations in political, speak, and sounds to me, like, wow. That's really blew us away. I believe that people in Syria were not anticipating result like that. They believe that the Cup the margin won't be as big. They anticipated one to two or three percent difference and not something I ask nine point four nine point five percent. So taken by surprise, and I don't believe that there was from the beginning to go to snap elections, but they had no other choice. So I mean on one hand, this is a blow for CPS. But on the other hand, he's also warning against a return to the dark days of authority. So is he sticking to of the platform that one of his loyalists in the first place? Yes. Yes. Exactly. And from what I can say Syria will return to unto steady agenda, and we try again to perform us and position parking. As it did in the past, but it seems very unlikely for them to be able to, to win the national elections. Janice, popadopoulos with the Cutty marine, newspaper Athens. He's been speaking with us from his newsroom Yanni's. Thank you very much. You're welcome. Let's clear up one thing before our next story koalas are not bears. They are cuddly, looking they dwell in trees, but they are marsupials the bear thing was just a misnomer. There have never been koala bears. Now, some conservationists are worried about the day when there won't be any koalas either recent report from the Australian koala foundation calls a species functionally extinct, even though there are eighty thousand koalas in Australia..

Greece Prime minister Alexis tsipras Sousa prime minister Syria European parliament Yanis popadopoulos Athens Australian koala foundation Yanase Cincy Greek government EU Australia Yanni Hugh Germany Cutty marine Janice
"greek government" Discussed on KLIF 570 AM

KLIF 570 AM

01:35 min | 3 years ago

"greek government" Discussed on KLIF 570 AM

"A ship for higher. As in S, as in Aristotle's, actually shifted nineteen fifty four. It was actually used in the war and thought convoy to what do you do with a World War Two, Canadian warship? Christina. Beloved daughter died in nineteen seventy five daughter. Christina gave it to the Greek government, a family friend, about the vessel in nineteen ninety eight another shipping air who Christina. Oh, adding owed sort of remind people that owned by trend out settler nonsense. It's owned by Valez yachts and managing partner. Cassandra McKenna says this summer, you may spot the Christina. Oh, cruising, the Mediterranean, port in south of France. And she travelled, the Mediterranean, depending on the wind and desire of decline aboard, and in the cooler months, she goes to the Caribbean. It's better than your average on tune boat. There is a gym. Parlor, of course, Jerry, a beautiful pool, which is pretty famous because it has the most say piling in miniature and it's not just a pool becomes a dance. Well, that's pretty fancy for entertainment. But wait, there's more. There are three piano, Christina. Oh, sleeps, thirty six or cruising and not sleeping.

Christina Cassandra McKenna Mediterranean Valez yachts managing partner Aristotle Greek government Caribbean Jerry France
"greek government" Discussed on 760 KFMB Radio

760 KFMB Radio

01:38 min | 3 years ago

"greek government" Discussed on 760 KFMB Radio

"The offbeat. There's a ship for higher. As in S, as in Aristotle's nineteen fifty four eight was actually using the war, and escort convoy to what you do with a World War Two, Canadian warship. Beloved daughter Aristotle died in nineteen seventy five dollars. Christina gave it to the Greek government did a family friend, about the vessel in nineteen ninety eight. Christina. Oh, adding owed sort of remind people that take three trends at settle. It's owned by valet. Yachts, and managing partner. Cassandra McKenna says this summer, you may spot the Christina. Oh, cruising, the Mediterranean homeport in south of France, and she traveled with the Mediterranean, depending on the wind and desire of decline on board. And in the cooler months. She goes to the Caribbean better than your average pun tune boat humid. There is a Jan. The parlor, of course, Jerry, a beautiful pool, which is pretty famous because it has the most tiling in shape of a miniature and it's not just a pool dancefloor fancy for entertainment. But wait, there's more. There are three pianos Christina. Oh, sleeps, thirty six or cruising and not sleeping.

Christina Aristotle Mediterranean Cassandra McKenna managing partner Greek government Jerry France nineteen seventy five dollars
"greek government" Discussed on AP News

AP News

01:30 min | 3 years ago

"greek government" Discussed on AP News

"Schwartman. Comex grill an even touchscreen display it's more than just another hybrid. Iota Corolla hybrid sleek fund drive in greater than ever twenty twenty Koroma hybrid EPA fifty fifty two highway fifty two pitching estimates. Actual mileage will debt to the International Monetary Fund early. The Greek government said it's in talks with European bailout lenders market, barring rates of tumble to their lowest levels in two thousand five a government spokesman said Athens is hoping to repay a significant portion of its remaining nine point six billion euros to the NF ahead of Chateau. Greece would need approval from the euro-zone rescue fund to repay its loans early. But top officials in the agency and the paean commission have already praised the idea the left wing. Government in Greece facing national municipal and European elections. This year is planning to boost funding for social programs with the money eventually saved from the cheaper loan repayment, big bird Elmo and many of the other stars of Sesame Street are leaving their quiet neighborhood and embarking on a road trip. The nonprofit sesame workshop set a selection of the Muppets take part in attend city trip. To celebrate the show's fiftieth anniversary with free park festivals live performances in kid friendly activities. The Muppets will be spending Friday through Sunday in each city, filming segments for the show with local kids, and highlighting people and places important to the community the tour starts June first in New York and continues to Washington DC, Pittsburgh, Detroit. Chicago Dallas Kansas.

Greek government Greece International Monetary Fund Schwartman. Comex EPA Athens Kansas Dallas Chicago New York Pittsburgh Detroit Washington
"greek government" Discussed on AP News

AP News

01:34 min | 3 years ago

"greek government" Discussed on AP News

"The middle of nowhere. Knowing that less trips to the punk means less creepy encounters. Thanks to your all new twenty twenty Corolla hybrid the first ever Corolla hybrid with up to fifty three city EPA estimated mpg is a game changer with standard features like sweet moan co mesh grille an Avon touchscreen display. It's more than just another hybrid. Iota? Corolla hybrid sleek fun-to-drive and crater than ever twenty twenty Corolla hybrid EPA fifty three fifty two highway fifty two combined bitchy Estevez. Actual mileage will vary is hoping to repay the debts to the International Monetary Fund early. The Greek government said it's in talks with European bailout lenders as market borrowing rates of tumbled to their lowest levels since two thousand five a government spokesman said Athens is hoping to repay a significant portion of its remaining nine point six billion euros to the I m f ahead of Shankill Greece would need approval from the zones rescue fund. To repay its IMF loans early, but top officials in the agency and the European Commission have already praised the idea that left wing government in Greece facing national municipal and European elections. This year is planning to boost funding for social programs with the money. If Julie saved from the cheaper loan repayment, big bird Elmo and many of the other stars of Sesame Street are leaving their quiet neighborhood and embarking on a road trip. The nonprofit sesame workshop set us election of the Muppets will take part in a ten city trip. To celebrate the show's fiftieth anniversary with free park festivals live performances and kid friendly activities. The Muppets it'll be spending Friday through Sunday in each city, filming segments for the.

Shankill Greece International Monetary Fund Greek government European Commission Estevez Athens Julie
"greek government" Discussed on Dunc'd On Basketball Podcast

Dunc'd On Basketball Podcast

02:20 min | 3 years ago

"greek government" Discussed on Dunc'd On Basketball Podcast

"It doesn't mess up your you can even look to resign west as well potentially mean to get three rotation guys who are all pretty good. I mean, that's that is exactly two of whom you know, could guard on the wing all of them can shoot. Okay. Like, that's exactly the kind of deal to me that Philly needs full tes and Smith that's not that's not a Greek government should either. But maybe you could try to rehabilitate him in the oh, you could just see what you have with baltimat- folks could ever shoot. Again, the already could probably play Smith. I guess, but I mean, I think it would really be more about the pick at that point good you'd be buying pretty. Gamliel unfold. So if you got some, you know, if you were able to rehab him, and well, he's a bad fit with Dennis Smith and arguably with full full with LUKA as it stands right now. You know, if you can get a jump shot back you'd actually be a fascinating fit with him the same idea that Philly was going for early on. But it's at a low cost, you know, brick Carlisle has done well with point guards. And they're they're covered is actually pretty thin right now at at the one because le- Jalen Brunson. But then JJ Perea, unfortunately, he's out for the year. Maybe I don't think he'll be back on the team at least early on next year. So maybe having just having more irons in the fire could be a worthwhile thing for the way that Carlisle uses three point guards at minimum regularly in the rotation. I really liked that till I think that it's I'm probably higher on Fini's Smith in Cleveland than a lot of people. I might even be higher than west and a lot of people. But yeah, I mean to me that's an you know, you suck about the protection on that pick in what year as well. Remember that Philly would still have their bid level to us? They could still add. Depth on top of that. I mean, so you could you could build a pretty interesting, and and they're feeling now has to shift a little bit with what happened in Indiana that making, you know, getting the three seat isn't as urgent now as it would have been before yet. We actually just talked about that a couple of days ago, right? Where I mean, it still could have a tough match up in the first round against Indiana. But no, I mean, I think this would make them up even Sala metric would give them better minutes than any of the backup centers. They have so far could play a similar scheme with Embiid. His always always fun to watch. He gets into like one spat per game any other Wes destinations here. I guess it probably makes more sense to just talk about him in the context of those teams when we get to them. But let's say you're just moving west. I mean is that first round pick is obviously way too much there..

Dennis Smith Philly Carlisle LUKA JJ Perea Indiana Jalen Brunson Fini Cleveland
"greek government" Discussed on Monocle 24: Midori House

Monocle 24: Midori House

03:11 min | 3 years ago

"greek government" Discussed on Monocle 24: Midori House

"The Greek government was not toppled by the austerity measures inflicted by the European Union over several several years, but this a name drilled really don't deep into the a very strong sense of national pride that the Greeks have. Absolutely. And I, and I think that this whole story reminds us that in that Paul Two zero borders and national definitions are relatively new the borders were only drawn the collapse of the ultimate empire while berry one hundred years ago, the these are still in a sense ought to fischel into his that. They haven't existed for thousands of years. We. No since the collapse of Yugoslavia that when borders redrawn when national identities change, it can lead to huge amounts of passion. And a lot of bloodshed. I don't for a moment. Think that there's going to be a war between Greece and the Republic Macedonia for now. But nevertheless, you'll right of couse passions run very high. And it's you know, it it's it's easy to mock. And CEO for goodness sake on the more important things to worry about. But but the questions only density do run very deep, and they are important to people, and they can't be ignored. For a nationalist populist. That's that's the danger of them. I mean, if you whisper treaty of tree and all into the ear of a Hungarian and see what happens you, could you could really change the map of Europe. If they and there is a recidivist don't know, there's always a recidivist undercurrent in in Hungary, trying to get back all the territories lost. Then people. Remember these things. I mean, this is this is still the backlashes noodle. The after wash whatever the term is from the collapse of two empires. The Hungarian empire on the ultimate empire relatively recently in you know, the story of human history and some of those stories of not yet run locals finally continuing story Malaysia has a canoe king Sultan. Abdullah of Pahang was elected to succeed Sultan, Muhammad v just a few hours ago. He was the first monarch in the nation's history to abdicate. So this is quite a lively tale. I always find that monarchy's get sort of quite dusty and dry. But this is great fun. It's like a revolving door. It's a former ruling. Door. I mean, there is a system every five years Acton, you one and I love the election process. I don't if you if you read the election process that all the people in the room who are the heads of the provinces given to slip of paper with the name on it. Which kind of makes things simple from teaching monarchy. Rotating presidency of the European Union. It goes it's bugging his tongue and why not monarchy's by by definition or a bit bizarre. So when I have a rotating one, but I think the real fun is in in. Why did the other one abdicates? Determine not not to not to religious find that. Well, we have a Russian beauty Queen being named in. This sounds great. So he's going to he's going to put ten Ps worth of of what they think happened to Sultan Muhammed v. What if we're allowed to talk? French Chechen farm is is is that the story. This sort of thing that maybe Hello magazine could villa fan..

Greece European Union Sultan Muhammed Hello magazine Greek government Europe Hungary CEO Republic Macedonia Yugoslavia Malaysia Acton Muhammad Abdullah Pahang one hundred years five years
"greek government" Discussed on KCRW

KCRW

01:35 min | 3 years ago

"greek government" Discussed on KCRW

"Is NPR. The Greek government is in crisis, prime minister, Alexis sip process. He'll hold a confidence vote after his governing coalition split over an agreement. He signed onto that allows Macedonia to change its name to north Macedonia. The Greek defense minister resigned over the Deel rescue workers digging through the rubble at the site of yesterday's bakery explosion in Paris have found another body bringing the death toll to four shakes again row reports gas leak is believed to have caused the blast. The other deaths were a Spanish tourist and two firefighters twenty eight year old Simon Carson as in Twenty-seven-year-old Nathaniel Jones Lang were among the first responders to a call about a gas leak. Just wanted a tub and all pairs fire. Chief says they were hit by violent full for shockwave that overturned cars in the street. The fire chief said about a dozen surrounding buildings were also badly damaged and our risk. Of collapse. The pairs prosecutor declared the gas leak and explosion an accident. Alexandrova Vesper any an elected official on Paris's Gas Commission told French media. The city system is dilapidated and isn't being updated quickly enough for NPR news. I'm Jake sagana wrote in Paris. Spacex. His dragon supply ship is now scheduled to leave the international space station this evening. It's departure was delayed this morning to give mission. Operators time to locate calmer seas in the Pacific Ocean for.

Paris Macedonia prime minister NPR Greek government Alexandrova Vesper Gas Commission Pacific Ocean prosecutor Spacex Nathaniel Jones Lang Alexis Simon Carson Deel Jake sagana
As Greece financially struggles, gov't looks to crowd-source funds

Inside Europe

04:39 min | 3 years ago

As Greece financially struggles, gov't looks to crowd-source funds

"Greece has left wing governmental, Alexis sip processes strapped for cash, and it's turning to taxpayers for donations. Yeah. Grace wants to both stir. It's ling- naval defenses against Turkey and buy new state of the art frigates. The scheme is unprecedented. And it's given rise to some wash over the base as the Sava reports. Many. Greeks are refusing to pitch in saying any nation would be a waste of money for a country in dire financial straits. It's the latest quickey plan by the country's eccentric defense minister honors come in. And it was contrived after plans failed earlier this year to Lisa pair of battleships from France facing growing arms race with Turkey Greece's desperately seeking to upgrade its forces boosting the capabilities of its existing fleet of about a, duh. Dozen outdated frigates under the crowdfunding plan, Athens hopes to purchase to mid-size worships, which the government is already negotiating with the French. In of all group. The cost is estimated at around two billion euros for the two frigates and especial fund has been set up for the donations to promote the crowd funding scheme. Mr. menaces promised to be the first pitch in handing over his January paycheck to the Greek navy, but the minister is banking on a bigger nationwide response. He wants rich shipowners and struggling Greeks alike to give whatever they can from whatever surplus. They have left from their earnings Greece's last. Major defense procurement took place in two thousand and three when the then socialist government upgraded the country's fleet with six frigates, but strangled by financial crisis of nearly a decade. Chris took a sledgehammer to the country's defence budget in twenty ten blocking purchases while. Slashing spending by some forty percent. Pots been so severe that at the height of the Greek recession. Dozens of navy ships were left without few supplies to conduct exercises and patrols in the Jin. The air force also was left barrow spare parts and engine repairs for its prized F16. jet fighters, Greece's slash defence budget of six billion remains among the highest with a NATO, but there isn't much money left to buy new and desperately needed quit -ment to upgrade. The navy's capabilities rival Turkey spends three times more and with Ankara continuously challenging Greece's writes in the Jian even threatening it with war. Mister manners hopes. The crowdfunding plan can provide a solution to Greece's defence woes Turkey has long challenged Greek ownership of at least eighteen miles in the gene. See although both members of NATO Greece and Turkey came to the brink of war in nineteen ninety six. Of a competing claims to barren outcrop in habit. Only by goats Robertson sheep in recent months Onkar, his threaten to wage war with Greece. If it presses ahead with plans to take greater control of the Jin extending its territorial waters to twelve mile range tensions between the rival states of also flared recently over drilling rights in the southeast Mediterranean off the coast of Cyprus, which Turkish troops invaded in nineteen seventy four leaving the island divided everson's whether Greece will be able to catch up Turkey's arms drive remains unclear but until then Mr. amenaces crowdfunding plan is proving a tough sow, and it's not because Greeks are resisting the national 'cause as it's being called. But they simply have no money to spare. They are saddled with the highest taxes in Europe and have been strangled with urgent payments imposed during the recession to pay down the country's massive debt. More than half, the country's taxpayers have gone broke with their homes in acids. Increasingly confiscated by the state because of rising rates of unpaid debts to the state several Greeks also seem reluctant to donate fearing, a new show of money laundering and corruption scandals that drove up the countries that decades ago leading to the existing financial crisis. Most Greeks is spoke to this week said they simply wanted the money to go to other resources to support Greeks who've lost their jobs and social services that have disappeared throughout the financial crisis with such a poor reception. The Greek government may have no other option than to look. Elsewhere for agent defense. Funds

Greece Turkey Turkey Greece Greek Navy Nato Alexis Greek Government Grace Athens Mister Manners France Lisa Chris Ankara Europe Mr. Menaces Onkar
Greece emerges from eurozone bailout programme

Charlie Parker

00:35 sec | 4 years ago

Greece emerges from eurozone bailout programme

"More pressure for the European Union today as one of the us perpetual bigger nations Greece it's a. Multibillion dollar bailout Greece was facing potential bankruptcy when it signed. Up to a bailout in twenty ten securing the first come. Hundreds of billions of dollars in loans from the International Monetary Fund and others in return the Greek government had to impose. Sweeping austerity measures to then prime minister said it was a choice between destruction and, saving our, country Eight years later unemployment is high nineteen percent but is fully and the economy is

Rudy Giuliani Greece President Trump Alamo Heights International Monetary Fund United States European Union Prime Minister Bernie Judson Leon Valley Robert Muller Perjury Greek Government Neil Texas Nineteen Percent Eight Years
Amazon's quarterly profits tops $2B for first time

BBC World Service

03:18 min | 4 years ago

Amazon's quarterly profits tops $2B for first time

"That's all coming up after this bulletin of world. News? Hello I'm Justin green with the BBC news North Korea's handed over the remains of fifty five American soldiers killed during the Korean war in the. Nineteen fifties is the first step in the process of repatriation of fallen, soldiers which was agreed at last month's summit between President Trump on the North Korean, leader Kim Jong UN nor Baker reports in the Asana airbase south of. Seoul Thousands of US. Soldiers and their families stood in. Silence as the small wooden caskets containing the remains of those killed in action during the Korean war arrived at this US base more than five thousand American soldiers who died between nineteen fifty hundred fifty three are still unaccounted for in North Korea President Trump called him fallen warriors and. Said that he and Kim Jong reached. An agreement on the repatriation of remains during their summit last month in Singapore the return coincides, with the sixty fifth anniversary of the signing of the armistice agreement. Which. Ended the Korean war US government says more than eighteen hundred children separated from their parents as they illegally crossed the border from Mexico have now. Been reunited with their families or released more than seven hundred others remain, in custody Chris Buckler reports court deadline to reunite all of them has ni- past, seven hundred eleven children are still not back with, their parents the authorities Claimed legitimate reasons for keeping some children apart including concerns for their welfare but in more than half of the cases the children's families have already left the US or being deported campaigners say there's currently no coherent plan. To reunite them and the government's figures suggest, they are still working through the records too much dozens of the children with their parents Imran Khan the former cricket legend who set to become Pakistan's next. Prime minister said he wants to. Unite the country under his leadership said the election was clean but he's willing to investigate his rivals claims of vote-rigging in the general election they accuse him of colluding with the army Mr. Khan's party is likely to emerge as the largest in parliament the online retail giant Amazon has. Announced twelvefold increase in quarterly profits Dave. Lee reports there was a time when Amazon was simply an online store now it's more accurate. To call Call it an empire estimates suggest as many as half of all online sales in the. US Amazon it's not stopping there it's plans, to disrupt the global healthcare industry have just started but if there's one thing that could stop Amazon it's Washington some. Members of congress have expressed concern about market dominance and President Trump tweeted recently the he thought Amazon should be investigated. Many suspect, his motivation may be driven by the fact Jeff. Bezos is now the world's richest man also owns the Washington Post you're listening to the latest world, news from the BBC the Greek government says it believes the deadly wildfires near, the capital may have been started deliberately earlier. The defense minister said that buildings constructed without authorization had blocked escape. Routes angry survivors have. Accused officials are being slow to.

President Trump Amazon United States Chris Buckler North Korea Imran Khan Asana Airbase BBC Kim Jong Un Kim Jong Justin Green Seoul Bezos Singapore Washington Post Prime Minister
Scotland, Glasgow and Alexandra Mackenzie discussed on BBC World Service

BBC World Service

01:11 min | 4 years ago

Scotland, Glasgow and Alexandra Mackenzie discussed on BBC World Service

"In scotland are battling a major blaze one of glasgow's most important architectural sites the mackintosh building at the school of art the site has been undergoing a forty two million dollar restoration program after it was badly damaged by far in two thousand fourteen alexandra mackenzie is in the city the thick black smoke and flames could be seen for miles around glasgow school of arts macintosh building was engulfed by fire for the second time in four years the scottish fight and rescue service said it was an extremely challenging and complex incident no casualties have been reported but nearby buildings were evacuated world news from the bbc the greek government faces a censure votes in parliament today over a provisional deal to settle a naming dispute with macedonia this festive for decades the prime minister alexis tsipras and his macedonian counterpart zoran zaire agreed earlier this week the greece's northern neighbour will be renamed north macedonia according california has indicted elizabeth holmes the founder of the us health startup theranos with defaulting investors.

Scotland Glasgow Alexandra Mackenzie BBC Macedonia Prime Minister Zoran Zaire Greece North Macedonia California Elizabeth Holmes Founder Glasgow School Of Arts Alexis Tsipras United States Forty Two Million Dollar Four Years
Saudis say 2 ships with food to dock at Hodeida

BBC World Service

02:22 min | 4 years ago

Saudis say 2 ships with food to dock at Hodeida

"But first the world news hello i'm rosemarie creek with the bbc news government and opposition representatives in nicaragua have agreed to end weeks of deadly violence during talks brokered by the catholic church the protests began after the decision to cut pension and social security programs his will grant her truth commission will be established and an international team of human rights investigators will be allowed to to the central american country to look into the scores of deaths during these weeks violence most of the dead are believed to be young demonstrators killed on the streets by police or radical pro government paramilitaries however there is still a long way to go before any sense of a stable peace can be declared the opposition and civil society groups which oppose president daniela takers government want to see a raft of democratic reforms put in place and fresh presidential elections called in the near future troops belonging to the saudi led coalition that supports the government of yemen appear to be taking control of part of the the city of who data the pro government forces launched an offensive against hutu rebels in yemen's main port on wednesday paul adams reports the various parties involved in making widely different claims about the fighting and independent counsel hard to come by but it appears that who the rebels are losing control of the airport southeast of the city itself the united arab emirates whose forces are playing a key role in supporting government fighters says a parallel relief operation is already beginning ships laden with rice flour and we are on their way to her data while an emergency airlift is expected to deliver thousands of food parcels the saudi led coalition seems anxious to show that it's attack on her data will not make yemen's humanitarian disaster even worse the greek government faces a censure vote in parliament today over a provisional deal to settle a naming dispute with macedonia that has festered for decades the prime minister alexis tsipras and his macedonian counterparts agreed earlier this week the greece's northern neighbour would be renamed north macedonia firefighters in scotland battling a major blaze at one of glasgow's most architecturally important sites the school of art designed by charles rennie.

Prime Minister Charles Rennie Alexis Tsipras President Trump BBC Glasgow Scotland Greece Nicaragua Macedonia United Arab Emirates Paul Adams Yemen Catholic Church