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Economy

Gerapetritis: Cash Will Flow from Greek Banks to the Markets, Probably Exceeding 15 Billion Euros

ATHENS – "The government has a number of scenarios regarding how the economy will behave," State Minister Giorgos Gerapetritis said on Wednesday in an interview with radio Alpha 98.9, adding that banks will provide the market with liquidity, with the flow of cash probably exceeding 15 billion euros.

He also announced that the government's plan for tourism will be presented on May 15 and, if all goes well, the country will once again be open for foreign tourists on July 1. "It is an operational plan strategy from end to end," he said, adding that "May 15-20 is crucial for us," as the consequences of the partial relaxation of restrictions will become apparent in that week.

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ATHENS - After saying a Value Added Tax (VAT) on food as high as 24 percent couldn’t be reduced because it was unaffordable, the New Democracy government has given a cut from that rate to 13 percent for taxis.

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NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

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Alberto, Season’s First Named Tropical Storm, Dumps Rain on Texas and Mexico, Which Reports 3 Deaths

TAMPICO, Mexico (AP) — Tropical Storm Alberto rumbled toward northeast Mexico early Thursday as the first named storm of the season, carrying heavy rains that left three people dead but also brought hope to a region suffering under a prolonged, severe drought.

JERUSALEM — Leaders of major churches have accused Israeli authorities of launching a “coordinated attack” on the Christian presence in the Holy Land by initiating tax proceedings against them.

OXFORD, UK – The Oxford Philharmonic Orchestra and Music Director Marios Papadopoulos, announced an all-Beethoven program at the historic Sheldonian Theatre with Guest Conductor Peter Tiboris on Friday, July 5, at 7:30 PM.

CAIRO  — More than 1,000 people died during this year’s Hajj pilgrimage in Saudi Arabia as the faithful faced extreme high temperatures at Islamic holy sites in the desert kingdom, officials said Sunday.

WASHINGTON  — Vice President Kamala Harris says “everything is at stake” with reproductive health rights in November's election as the Biden campaign steps up its focus on contrasting the positions taken by Democratic President Joe Biden and Republican Donald Trump on the issue before their debate this week.

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