Daily Archives: February 11, 2016

Varoufakis back in Germany to launch EU grassroots movement


Greece’s far-left former finance minister Yanis Varoufakis came to Berlin on Feb. 9 to launch a pan-European grassroots political movement, saying its goal was to “democratize” the 28-member bloc.

Varoufakis, the maverick anti-austerity champion who battled with EU paymaster Germany over Athens’ debt crisis, charged the union was failing on economic policy and the refugee crisis while member states were retreating into nationalism.

“The European Union is disintegrating, and it is doing so quite fast,” Varoufakis told reporters ahead of the official evening launch of the Democracy in Europe Movement 2025 (DiEM25).

The former star of Greece’s first radical left government said the EU’s “bureaucratic, technocratic decision-making process” amounted to “authoritarianism”, not democracy.

While Varoufakis has long railed against Chancellor Angela Merkel’s economic policy, he praised her open-door policy on people fleeing war and misery that brought 1.1 million asylum seekers to the country last year.

He pointed to “the spectacular failure of the European Union… to deal with the refugee crisis in a sensible, rational, humanist way, with the possible exception of Angela Merkel who has been quite good on this”.

Across Europe, Varoufakis said, he now saw a spreading “not-in-my-backyard mentality” on issues ranging from refugees to open borders.

The solution to the historic refugee influx was not “a return to the nation states, to build walls again” or to have “concentration camps” for refugees arriving in Greece and Italy, he said.


Καταρρέει το Χρηματιστήριο Αθηνών



$65 δις χάθηκαν και στην Αυστραλία με μεγάλες απώλειες στις μετοχές τραπεζών.

Χωρίς διακοπή αλλά με ηπιότερους ρυθμούς συνεχίσθηκε για έκτη διαδοχική συνεδρίαση η κατάρρευση του Χρηματιστηρίου Αθηνών που έκλεισε με πτώση -2,89% στις 450,83 μονάδες.

Πρόκειται για επίπεδα της 16ης Οκτωβρίου 1989, ενώ από την αρχή του χρόνου η Αθήνα υποχωρεί κατά -28,6% έχοντας απολέσει πάνω από 13,1 δις. ευρώ της κεφαλαιοποίησης.

Η αξία των συναλλαγών έφθασε τα 96,22 εκατ. ευρώ. Μόνο στις τελευταίες 6 πτωτικές συνεδριάσεις οι απώλειες του γενικού δείκτη ξεπερνούν το -19%. Οι πωλητές προχώρησαν ξανά σε ρευστοποιήσεις των τραπεζικών τίτλων, αλλά και εμποροβιομηχανικών μετοχών της υψηλής κεφαλαιοποίησης Ftse 25.

H διατήρηση του αρνητικού κλίματος στα ευρωπαϊκά χρηματιστήρια σε συνδυασμό με το θολό τοπίο στην εγχώρια πραγματική οικονομία, προκαλεί τοξικό περιβάλλον στην χρηματιστηριακή αγορά.

Εκτροχιάσθηκαν ακόμη περισσότερο οι αποδόσεις των 3 κρατικών ομολόγων ενώ το spread του δεκαετούς (διαφορά απόδοσης σε σχέση με το γερμανικό δεκαετές) αναρριχήθηκε στις 1.053 μονάδες βάσης.

Ταυτόχρονα, η απόδοση του διετούς ομολόγου διαμορφώθηκε στο 14,22%, το 3ετές ομόλογο είχε απόδοση 13,97% και το 10ετές ομόλογο ανήλθε στο 10,75%. Στα ευρωομόλογα το γερμανικό δεκαετές είχε απόδοση 0,23%.

Αλλά και στην Αυστραλία το Xρηματιστήριο είχε την Τρίτη τις μεγαλύτερες απώλειές του από τον περασμένο Σεπτέμβριο, με αποτέλεσμα να χαθούν πάνω από 42 δις δολάρια.

Οι απώλειες συνεχίστηκαν και χθες και εκτιμάται ότι έφθασαν στα 25 δις δολάρια. Δηλαδή, χάθηκαν 65 δις δολάρια.

Τις μεγαλύτερες απώλειες τις παρουσιάζουν οι μετοχές των τραπεζών και ακολουθούν οι μετοχές ενεργειακών εταιριών.

Το δολάριο, πάντως, για την ώρα, αντέχει και χθες η ισοτιμία του ήταν άνω των 70 σεντς έναντι του αμερικανικού νομίσματος.

Πηγή: Νέος Κόσμος

A world of Greek-made products


A Facebook page dedicated to Greek imports to Australia is gaining momentum.

As Greece continues to trudge its way through the economic crisis, one man Down Under is trying to assist in the best way he knows how.

Steve Tsouparidis is responsible for the Facebook page ‘Greek made products in Australia’.

Through the page he promotes various Greek-made brands and products, ranging from fashion and food products to musical instruments and building materials, all with the intention to “make Greek Australians aware of what Greece actually manufactures and produces”.

“A lot of the products are available in Australia. Everything from hand-made suits to soft drinks, machinery paint, windows, floorboards, and makeup,” Mr Tsouparidis explains.

“These are 100 per cent Greek companies, made in Greece – they’re not foreign multinationals. Many of them are family-owned too, which is all the more reason to support them.”


Since starting the page in 2012, he has seen a peak in people’s interest over the years and now has close to 2,000 people connected to his page from all over the world, including North America, Canada, Germany, Belgium and Sweden.

What’s more, the Melbourne-based construction worker does all the research and promotion in his spare time without a desire to be compensated. For him it’s simple: Greeks abroad can do their part to help Greece, by choosing to buy Greek.

“We are Greek Australians and we should be in some way supporting our motherland. A lot of other cultures support their own products; for example, my wife is Italian and many Italians only buy Italian products. So why shouldn’t we do the same?”

The page is not only aimed at educating consumers about their choices, but also looks to give Greek companies a platform through which to promote themselves to a wider audience free of charge, while showing importers new potential products.

“I have a lot of Greek companies that get in contact with me; this way I make a lot of importers aware of what Greece actually manufactures, and they can say ‘hey, this is advertised on the page, maybe we can bring it to Australia’. I’d really like to see more products made in Greece sold in Australia – that’s my main aim,” he says.


Though Mr Tsouparidis’ page is not the only one of its kind, his is by far the most detailed, providing links and details on where each product can be found.

But while we know that Greek imports to Australia increased by 30 per cent in 2014 alone, he admits the only way to continue seeing results is by people taking their vote to the checkout.

“Product awareness is very important. If people see a product, they think ‘I’ll try it’ or at least it’ll be in the back of their mind.
“But the thing is, people have to go and buy these products. I could put them on my page 100 times, but we can only do so much. We put them on there so people are aware of it, but then they have to actually purchase it,” he explains.

He cites examples where demand has seen real results with consumable products such as Loux soft drinks and ION chocolate, which a few years back were nowhere to be found in Australia until there was adequate demand.


While certain products may carry a heavier price tag due to the cost of importing, there are others that prove to be a better investment.

“There are these good quality aluminium windows and doors that are manufactured in Greece called Aluminco. The quality is better than what we have here and the cost is virtually the same,” he says.

Having experienced the variety and quality of products first-hand, Mr Tsouparidis says he will continue to spread the word about Hellenic products until people of the diaspora have more access.

“Some people are pretty ignorant and think Greece doesn’t make anything. But actually it does – we just need to show a little bit of interest in what it manufactures. If we show more interest, it will import more into Australia. It’s just educating people – that’s the aim.”

source:Neos Kosmos

Opa! Canberra kicks up its heels


Glendi’s ‘new face’ promises a feast of delights at the 2016 National Multicultural Festival

Tens of thousands will flock to Civic in Canberra this Sunday for the national capital’s annual celebration of all things Greek.

The Philhellene frolics begin in earnest on Sunday when ACT’s Greek community take over the main Harmony stage in Garema Place between 11.30am am to 5.00pm with entertainment to be provided by the Aegean Groove band and the Canberra Hellenic dancers.

Keeping everything moving will be Coffee Club impresario John Lazarou and Bico Athanasas as MCs.

Georgia Alexandrou, vice-chair of the Glendi subcommittee, told Neos Kosmos the organisers’ aim this year was “to give a new face” to the ACT’s annual Greek festival.

“This is an opportunity for our members to get together, to promote our culture and customs to the broader Canberra community, and to show the younger generation to celebrate Greek style.” The 2016 National Multicultural Festival celebrates its 20th anniversary this weekend and is predicted to attract a record crowd. During the 2015 festival more than 270,000 people flocked to the heart of the city to revel in Canberra’s love affair with its cultural diversity.

Yvette Berry, ACT Minister for Multicultural Affairs, said that the 2016 National Multicultural Festival celebrated Canberra’s unique cultural mix.

“Canberrans hail from more than 170 culturally diverse backgrounds. Ours truly is a city that has been built on a firm foundation of multiculturalism,” said Ms Berry.

“From the African Village, Chinese Spring Festival and Pacific Islander Showcase, to the Greek Glendi, ‘India in the City’ and Latin Quarters, [the Festival] will have all continents, cultures and cuisines covered.”

In addition to everything Hellenic, the festival features performances and a ‘World of Food’ fair with a kaleidoscope of cultural influences from Africa, China, India, Latin America, Malaysia and Europe, along with Indigenous Australia.

The Glendi was established in 2013 as an initiative of the of the Hellenic Club of Canberra which is the Glendi’s major sponsor.

As always, high on the list of attractions will be the traditional delicacies on offer says Ms Alexandrou.

“Don’t miss out on mouthwatering souvlaki, lamb kondosouvli, the best calamari in town, grilled halloumi from ‘the Cyprus plate’, traditional baklava, and of course our famous loukoumathes!”

With more than 120 local volunteers helping at last year’s Glendi, enthusiasm within the ACT Greek community for the event is at an all time high with organisers expecting to break the volunteering record this year.


source:Neos Kosmos


Nick Paspaley looks to buy Dartbrook coal mine with Nathan Tinkler


The Northern Territory businessmen have their sights set on the Hunter Valley site.

Nick Paspaley, the pearl king of Australia, has moved a step closer to buying the Dartbrook coal mine with controversial former mining magnate Nathan Tinkler.

John Robinson and Nick Paspaley, both Northern Territory businessmen, have loaned the ‘boganaire’s’ junior mining company Australian Pacific Coal $20 million to buy Dartbrook, in the NSW Hunter Valley, from mining giant Anglo American.

Nathan Tinkler is a former billionaire whose mining empire collapsed in 2012 following the slide in coal prices, and who now plans to develop a five million tonnes per annum, open pit operation at the currently closed mine.

source:Neos Kosmos