General News
Meropi Kyriacou Honored as TNH Educator of the Year
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
ATHENS – Greece’s central banker said on Monday he favours a precautionary credit line for the country after it completes its adjustment program in the summer.
Speaking at an event organized by the Hellenic-Spanish Chamber of Commerce on the future of the Greek economy, Yannis Stournaras said that although the economy is recovering, the country has still some distance to cover until it achieves constant funding from the markets after the end of the program.
As he explained, the existence of such precautionary credit would be beneficial to the Greek economy, contributing to the de-escalation of borrowing costs, because it would provide Greece with security to finance its borrowing needs after the program ends in August 2018 – especially if the situation on international markets deteriorates. At the same time it will enable the European Central Bank to continue to accept Greek bonds as collateral to provide liquidity to the Greek banks, until they acquire again creditworthiness by the rating agencies.
The central banker also said that the institutions will have to clarify the type of supervision the country will have until it repays 75 percent of its loans, as well as the terms and conditions under which Greece’s partners are willing to provide a precautionary credit line.
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
DEIR AL-BALAH, Gaza (AP) — An international team of doctors visiting a hospital in central Gaza was prepared for the worst.
NICOSIA - A meeting between the ministers of energy for Cyprus and Israel - George Papanastasiou and Eli Cohen - led to an agreement that the countries would make an underwater electric cable link a top priority, linking them to Europe.
LONDON (AP) — The British Museum on Thursday appointed National Portrait Gallery chief Nicholas Cullinan as its new director, as the 265-year-old institution grapples with the apparent theft of hundreds of artifacts and growing international scrutiny of its collection.
ATHENS - The European Union needs to get involved in the case of the two-year jail sentence given ethnic Greek Fredi Beleri who was elected Mayor of the seaside town of Himare and said the trial was a farce to get him and protect Prime Minister Edi Rama’s business friends.
Brace yourself for what could be another scorching summer in Greece as scientists are anxious that a warm winter - the warmest January recorded - and climate change will continue to bring weather anomalies.