Business Insider Australia: Greek Member of Parliament Yelling “Heil Hitler”

Business Insider Australia: Greek Member of Parliament Yelling “Heil Hitler”

As the few words of the post note, a Χρυσή Αυγή or Golden Dawn member of parliament gets themselves into some trouble.

The rise of far-right sentiments in Greece is no longer something that Greek parliament can simply spectate. It needs to educate and remind Greeks everywhere why the notion of nazism is just not acceptable to a nation that suffered immensely from its effects. People endured poverty, famine and in its extremes there were many deaths.

Nationalistic and true Hellenic passion is acceptable and should be promoted, however this is far from being anything about being a true Hellene.

Guardian: China’s premier, Wen Jiabao, pledges support for euro

Monday 4 October 2010

The country vows it will not reduce its holdings of European government bonds, and will double trade with Greece.

“Wen, who offered on Saturday to buy an unspecified amount of Greek government bonds when debt-laden Athens resumes issuing, said he was glad Greece was starting to emerge from the shadows of its debt crisis. Wen vowed to double trade with Greece to $8bn (£5bn) within five years and provide a $5bn credit line to Greek shipowners buying Chinese-built vessels.”

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The New York Times: Young Greeks Seek Options Elsewhere

The financial crisis has resulted in wage cuts, a higher level of unemployment and the expected uncertainty for the future.

This article from The New York Times looks at an issue that unfortunately is not new to Greece. It’s the new generation of Greeks that are looking for work outside of their homeland for work opportunities.

“ATHENS — In two weeks, Alexandra Mallosi, 29, will be packing her bags and leaving the quiet Athens suburb of Holargos for Abu Dhabi to start a job as a hotel sales manager.

It was not a tough decision. Her experience in the Greek hotel industry had left her frustrated.

“In other countries, young people are encouraged,” Ms. Mallosi said. “In Greece, they are held back.”

Like Ms. Mallosi, an increasing number of young college graduates are leaving Greece as a deepening recession chokes a job market already constrained by an entrenched culture of cronyism. And the outlook for a turnaround is not good. “

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AFP – Crete tourist season dented by Greek crisis

By Charlotte Turner (AFP) – 29 Aug 2010

ELOUNDA, Greece — It’s late afternoon but the relentless summer sun still beats down from a clear sky above picturesque Crete, Greece’s largest island.

Just outside Elounda, a tourist town on the island’s northeastern coast, sun-dappled water laps onto a pebbly stretch of shore where a few holidaymakers are stretched out on loungers shaded by wide umbrellas.

It may be high season, but this beach is half empty.

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SMH: Greece flights grounded as workers protest

July 16, 2010 – 10:46AM

Flights in Greece were grounded for at least four hours during a strike which saw tax collectors, customs officials and government workers walk out in the latest protest against the government’s austerity measures and pension reforms.

The action by air traffic controllers halted flights to all Greek airports until the early afternoon – and when it stopped, outgoing flights were extremely backed up, creating more headaches for tourists.

Read more:  Sydney Morning Herald

The Wall Street Journal: The Submarine Deals That Helped Sink Greece

By CHRISTOPHER RHOADS

July 10, 2010

(Please see Corrections and Amplifications below.)

ATHENS—As Greece slashes spending to avoid default, it hasn’t moved to skimp on one area: defense.

The deeply indebted Mediterranean nation, whose financial crisis roiled the global financial system this year, is spending more than a billion euros on two submarines from Germany.

It’s also looking to spend big on six frigates and 15 search-and-rescue helicopters from France. In recent years, Greece has bought more than two dozen F16 fighter jets from the U.S. at a cost of more than €1.5 billion.

Much of the equipment comes from Germany, the country that has had to shoulder most of the burden of bailing out Greece and has been loudest in condemning Athens for living beyond its means. German Chancellor Angela Merkel has admonished the Greek government “to do its homework” on debt reduction.

The military deals illustrate how Germany and other creditors have in some ways benefited from Greece’s profligacy, and how that is coming back to haunt them.

Read more:  The Wall Street Journal

BBC: Greeks and Irish look for jobs abroad

By Chris Bowlby
BBC Radio 4, Crossing Continents

In the places worst affected by Europe’s economic crisis, unemployment and cuts in pay and public services are hitting the headlines. But the crisis is also having another effect with profound long-term consequences – the return of emigration.

Places like Greece and Ireland thought the good times of the last decade or two had finally ended the cycle of emigration, with the brightest and best youngsters no longer feeling they had to move away.

No-one believes that any more.

Read more at BBC NEWS: http://news.bbc.co.uk/2/hi/europe/8616434.stm