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Thursday, July 30, 2015

Latest Update-Some money transfer companies announced Monday August 3 will restarted services in Greece, but only to receive remittances from abroad and not to send


The international money transfer company Western Union Co announced Monday it restarted its services in Greece and its customers can receive remittances from abroad in some places.
 
The Western Union said to have reopened 270 of its network of 1,000 agencies in Greece and that the money received by customers will not be subject to by capital controls imposed in the country
That means foreigners who live and work in Greece or local citizens can receive money from abroad (the limit depended on the country) but they cannot send money to other countries from here yet, also as the Greek bank announced remittances centers they can send money to other cities inside Greece only.

The Western Union and other filipino money transfer companies (Cbn Greece and RCBC) temporarily suspended its services for a month of capital controls in Greece on June 29, after the closure of banks and imposing capital controls with the law -Article # ΓΔΟΠ0001027ΕΞ 2015/ΧΠ 2364/24-7-2015 Ministerial Decree of the Minister of Finance of Greece (Gov’t Gazette B’1561)

The Filipino money transfer companies (Cbn Greece and RCBC) have not yet announced if they open for  inside Greece only transactions. We have to wait and come back with new post.
Furthermore, according to sources, those traveling abroad can carry a maximum of 2,000 euros per person. (it was 10.000 and now is 2000)
For tsismosaonline.com
Filipina Anamaria, News reporter
Athens- Greece 30-7-2015

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Greece Lifts Some Online Transaction Restrictions, cardholders will now be able to use debit and credit cards for internet transactions with companies not based in Greece


After a month of capital controls in Greece, the country’s Finance Ministry has lifted some transaction restrictions. Among the most significant ones is the reinstatement of online transactions with foreign companies.

Greek cardholders will now be able to use debit and credit cards for internet transactions with companies not based in Greece. However, some limitations on these transactions will still apply.

The permitted transactions include airline tickets, hotel reservations, software applications, car rentals and insurance payments, among others.

Transactions will also have a daily upper limit that varies depending on each bank. The four major Greek banks, Alpha Bank, National Bank of Greece (NBG), Eurobank and Piraeus Bank have a 300,000 euro daily cap. Attica Bank will allow up to 90,000 euros of such transactions per day.

The Restrictions on transfers abroad and other capital controls remain in place because the Greek  banks’ financial health remains critical. Transfers of money to other countries are allowed only with permission from the Greek central bank and the Finance Ministry who examine requests on a case-by-case basis


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Monday, July 27, 2015

New Heat Wave in Greece This Week


With mercury expected to flirt with extremely high temperatures, there is no respite expected from the sizzling Greek heat until the end of the week.

According to Greek meteorologists, temperature will reach 39C on Tuesday in Serres, Thessaly and central Greece, while it will climb to 35C in the islands. Humidity levels will increase and winds will be weak.

However, the real hot spell is expected to last for three days, from Wednesday to Friday, with temperature going up to 39C in the mainland, while it will climb to 35-37C in the islands. The winds will be weak and will not exceed 4Bft in northeastern Greece.

The forecast is offering a sliver of hope that the heat wave will weaken a bit by Friday evening, with temperature dropping by 2-3 degrees during the weekend.

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Thursday, July 23, 2015

Closed the Remittance centers in Greece untill Greece seal the third one deal, with the European Central Bank, the European Commission and the International Monetary Fund

Closed the Remittance centers in Greece untill Greece seal a new bailout deal, the third one, with the European Central Bank, the European Commission and the International Monetary Fund, that means all the Remittance centers in Greece will remain closed untill August 5.
Representative from Remittance centers in Greece  talked with the Greek government yesterday morning (Wednesday 22 of July 2015) to solved the problem  and asked  the Greek Finance Ministry if the Remittance centers in Greece will open again and when .
Deputy Finance Minister Dimitiris Mardas said to Representative from Remittance centers in Greece and to tsismosaonline.com reporter that the Greek parliament will reportedly vote on a third set of prior actions on August 5, that means all the Remittance centers in Greece will remain closed untill August 5. The Restrictions on transfers abroad and other capital controls remain in place because the Greek  banks’ financial health remains critical. Transfers of money to other countries are allowed only with permission from the Greek central bank and the Finance Ministry who examine requests on a case-by-case basis  he said.
The head of Greece's banking association Louka Katseli said that the foreign people who holds Credit and bank cards issued abroad can be used at the Greek ATMs with no restrictions. This will benefit foreign visitors to Greece and the tourist industry.
Web banking transactions will be mostly free, allowing people to pay their bills online. However, they cannot move money to accounts abroad.
 stay connected for more news regarding
Filipina Ana Maria
News reporter for tsismosaonline.com
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Greek Parliament Approves Second Set of Terms Required for Bailout Deal, a third set of prior actions on August 5



Greece’s parliament approved a second set of austerity measures into laws on Thursday; a requirement for the country to receive a bailout deal by its creditors.

Greece moved closer to seal a new bailout deal, the third one, with the European Central Bank, the European Commission and the International Monetary Fund.

In the early hours of Thursday morning, the Greek parliament ratified a second set of prior actions that the Greek government had agreed to legislate to secure the 86 billion euro European Stability Mechanism cash-for-reforms deal.

The Greek Prime Minister noted that his negotiating team may have not achieved what he wanted, but Greece’s negotiations with Europe are changing the continent.

He said that a battle for Europe’s future has just started between the conservative powers and the more progressive ones.

“The conservative powers of Europe won the fight against Greece and the Greek people, but they lost something very valuable, the sense of hegemony in the continent,” said PM Tsipras in his speech asking Greek MPs to vote in favor of the bill.

After multiple hours of discussion, 260 Greek parliament members voted yes to the proposed bill, 63 rejected it, 3 abstained, and 2 were absent.

The prior actions that the Greek parliament ratified include changes in Greece’s Code of Civil Procedure as well as the adoption of the European Union‘s Bank Recovery and Resolution Directive (BRRD).

Earlier in the day the changes in the Code of Civil Procedures caused some controversy as Greek Justice Minister Nikos Paraskevopoulos openly admitted that he disagrees, to some extent, with the proposed legislation and Greek Parliament President Zoe Konstantopoulou denounced the changes altogether.

The Greek parliament will reportedly vote on a third set of prior actions on August 5.





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Monday, July 20, 2015

Philippine Ambassador to Greece asked Filipinos to exercise caution especially if they are near Greek demonstrators, but the situation in Greece is generally safe and calm


Philippine Ambassador to Greece Nestor Ochoa has asked Filipinos to “exercise caution” especially if they are near demonstrators.

"In view of demonstrations occurring in the center of Athens, and other parts of Greece, I advise the Filipino community in Greece to avoid areas of demonstrations and to exercise caution if they are within the vicinity of demonstrations."

Ochoa added the Embassy is monitoring the developments on bank closures, among other issues attached to the Greek financial crisis.

"The Phil. Embassy is closely monitoring the developments in Greece. Because of the financial situation, banks in Greece are currently closed and capital control is in place but the situation in Greece is generally safe and calm,” said Ochoa.

Earlier, presidential spokesperson Abigail Valte said the government is also willing to extend help to Filipinos in Greece affected by financial crisis in Greece.

Filipinos there said they are not spared from the crisis, being hounded by problems of limited cash withdrawal, delayed salaries, closure of remittance centers, among others.



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Wednesday July 22 Greek Parliament will Vote on the second omnibus bill of reforms required for Greece



Wednesday’s parliament vote on the second omnibus bill of reforms required for Greece’s third bailout will be critical for the SYRIZA government.

Prime Minister Alexis Tsipras has sent an indirect message to his party that if the bill gets less than 120 votes from coalition MPs, the government may fall.

The second omnibus bill is a more difficult one since it includes foreclosures and tax hikes for farmers. Several lawmakers who were elected in rural areas oppose new taxation to farmers because they worry that their constituents will turn against them.

People close to the government headquarters say that Tsipras may form a special purpose government to complete the bailout agreement if he does not get the votes he needs from his party. There is also the scenario that the Prime Minister may resign and will not be on the helm of an all-party government.

SYRIZA’s Left Platform continues to call on Tsipras to cancel the bailout deal. The group’s MPs claim that they will vote against the bill on Wednesday. Former Finance Minister Yanis Varoufakis stated that he will vote against it, and so did Parliament President Zoe Konstantopoulou, adding more fuel to speculation that SYRIZA may split in two after Wednesday.

Efforts are made to reach an agreement between the two SYRIZA camps and maintain party discipline. One proposal is have the Left Platform publicly state that they disagree with the bailout deal but vote for the omnibus bill in parliament. Analysts say that Tsipras does not want to go in a head-on collision with the Left Platform.

There is also the faction of the “53.” The 53 lawmakers who disagree with the bailout terms but believe that the agreement must be signed in order to avoid bankruptcy, although SYRIZA should not be the party to implement the reforms.



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Closed the Remittance centers, Open the Banks in Greece. Greek government said restrictions on transfers abroad remain, read what will happen


Representative from Remittance centers in Greece  talked with the Greek government today  morning to solved the problem  and asked  the Greek Finance Ministry if the Remittance centers in Greece will open together with the Greek Banks .

Deputy Finance Minister Dimitiris Mardas announced that banks will open today  Monday July 20 ,  but  the Restrictions on transfers abroad and other capital controls remain in place because the Greek  banks’ financial health remains critical. Transfers of money to other countries are allowed only with permission from the Greek central bank and the Finance Ministry who examine requests on a case-by-case basis.

Deputy Finance Minister Dimitiris Mardas said to tsismosaonline.com reporter that the Remittance centers in Greece are operating with foreigners who wish to send money from inside Greece to their family abroad, Now there are approximately over 500.000 foreign people with permit or without , and waiting to send money out of Greece, the Greek  banks’ financial health remains critical we cannot allowed yet that  to happen.

tsismosaonline.com reporter asked Deputy Finance Minister Dimitiris Mardas when the Remittance centers in Greece will open ?  Deputy said The finance minister could decide Wednesday again if extend or not.

The head of Greece's banking association Louka Katseli said that the foreign people who holds Credit and bank cards issued abroad can be used at the Greek ATMs with no restrictions. This will benefit foreign visitors to Greece and the tourist industry.

Web banking transactions will be mostly free, allowing people to pay their bills online. However, they cannot move money to accounts abroad.


 stay connected for more news regarding
Pinay Ako sa Greece
News reporter for tsismosaonline.com
 




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Sunday, July 19, 2015

Greek banks are open tomorrow July 20, Beginning Monday what will happen? read all about the new rules and restrictions



After Deputy Finance Minister Dimitiris Mardas announced that banks will open on Monday, the Greek government issued a Legislative Content Act that delineates the new rules and restrictions for capital controls.

Though the daily withdrawal limit will remain at 60 euros per day, depositors will now be able to collect up to 420 euros per week. Thus if a depositor prefers to skip a daily withdrawal, they can let the 60 euros roll over to the following day and can do this all the way up to the end of the week. However, if a depositor does not withdraw any money during a whole week, those 420 euros will not carry over to the next week.

Furthermore, pensioners are eligible to collect 300 euros from their pension per week.

On Monday, 2,500 bank branches across Greece will reopen.

But restrictions on transfers abroad and other capital controls remain in place.


Μardas said that banks will be able to offer more services to customers but only on an accounting form, such as money transfers from one account to another bank account. This will also include bank checks and bills.

Transactions will be made normally but no cash will be paid. The only exception will be made for exporting enterprises, shipping companies and tourist enterprises that are bringing new money in the country and can use only 80% of this money for their payment obligations.

Mardas said that credit cards can be normally used abroad, although no cash can be raised from ATMs, while he stressed that the government is trying to resolve some problems with roaming and other services, such as Google. He said that a Ministerial decision next week will address these issues, mostly concerning telecommunication services.






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Saturday, July 18, 2015

Greek Government Announces Cabinet Reshuffle-The 8 New Faces



The Greek government announced a cabinet reshuffle on Friday evening, after multiple delays.

The new administration is the following:

– Prime Minister: Alexis Tsipras

– Government Vice President: Giannis Dragasakis

– State Ministry: State Minister Nikos Pappas, Transparency Minister Panagiotis Nikoloudis, Government Work Coordination Minister Alekos Flabouraris, Deputy Minister Terence Quick

– Economy, Infrastructure, Maritime and Tourism Ministry: Minister Giorgos Stathakis, Maritime Deputy Minister Thodoris Dritsas, Tourism Deputy Minister Elena Kountoura, Deputy Minister Christos Spirtzis

– Interior and Administrative Reconstruction Ministry: Minister Nikos Voutsis,  Public Order and Civil Protection Deputy Minister Giannis Panousis, Deputy Minister Christoforos Vernardakis, Vice Minister Tasia Christodoulopoulou, Vice Minister Maria Kollia-Tsaroucha, Deputy Minister Pavlos Polakis

– Finance Ministry: Minister Euclid Tsakalotos, Deputy Minister Trifon Alexiadis, Deputy Minister Dimitris Mardas

– Defense Ministry: Minister Panos Kammenos, Deputy Minister Dimitris Vitsas, Vice Minister Nikos Toskas

– Foreign Ministry: Minister Nikos Kotzias, Deputy Minister Sia Anagnostopoulou, Deputy Minister Giannis Amanatidis

– Production Reconstruction, Environment and Energy Ministry: Minister Panos Skourletis, Deputy Minister Giannis Tsironis, Deputy Minister Vangelis Apostolou, Vice Minister Panagiotis Sgouridis

– Justice Transparency and Human Rights Ministry: Minister Nikos Paraskevopoulos,  Deputy Minister Dimitris Papagelopoulos

– Labor Ministry: Minister George Katrougalos, Deputy Minister Theano Fotiou, Deputy Minister Rania Antonopoulou, Deputy Minister: Pavlos Haikalis

– Health and Social Security Ministry: Minister Panagiotis Kouroublis, Deputy Minister Andreas Xanthos

– Culture, Education and Religion Ministry: Minister Aristidis Baltas, Deputy Minister Tasos Kourakis, Research and innovation Deputy Minister Kostas Fotakis, Sports Deputy Minister Stavros Kontonis, Deputy Minister Nikos Xydakis

– Government Spokesperson: Olga Gerovasili

– Parliamentary Spokespersons: Nikos Filis, Gavriil Sakelaridis, Alexandros Triantafilidis

By the order of the Prime Minister, a Special Committee to Combat Corruption is proposed, under State Minister Panagiotis Nikoloudis.The Deputy Finance Minister responsible for revenue Trifon Alexiadis, Deputy Minister of Interior and Administrative Reconstruction Pavlos Polakis, Deputy Minister of Justice, Transparency and Human Rights Dimitris Papagelopoulos and Deputy Minister to the Prime Minister, responsible for the coordination of the government’s work, Terence Quick will participate in the Committee.


 Tsipras accused his MPs,  among them three ministers who voted against the bailout deal, of displaying a lack of camaraderie and solidarity. Production Reconstruction, Environment and Energy Ministry Panagiotis Lafaznis, Deputy Health Minister Dimitris Stratoulis and Deputy Minister of National Defense Kostas Isichos were all sacked from their ministerial posts for their dissent.

Until now government spokesperson Gabriel Sakellaridis, became the new SYRIZA parliamentary spokesperson, while the Deputy Minister of Foreign Affairs Nikos Choundis will now resume his seat at the European Parliament.

The inauguration of the new cabinet, initially set to take place later on Friday evening, was postponed until Saturday morning due to the extensive fires that broke out all over Greece.

These are the eight new members of the SYRIZA-ANEL cabinet:


Christoforos Vernardakis
The new Deputy Minister of Interior and Administrative Reconstruction was a SYRIZA MP candidate in January 2015. He is a political science professor at the Aristotle University of Thessaloniki and is also the founder of the public opinion poll company, VPRC.







Trifon Alexiadis

Alexiadis replaces the recently departed Nadia Valavani as the Deputy Minister of Finance. He is the vice-president of the tax office employees federation. Alexiadis has also been in charge of designing SYRIZA’s tax policy.







Pavlos Polakis

The new Deputy Minister of Interior and Administrative Reconstruction is a surgeon that hails from the island Crete. Polakis has been a SYRIZA MP since January 2015 and was previously the mayor of the Cretan village Sfakia.






Sia Anagnostopoulou

She is the new Deputy Foreign Minister. She has been a SYRIZA MP since January 2015. Anagnostopoulou is also a member of SYRIZA’s Central Committee and sits on the board of directors of the SYRIZA newspaper AVGI.






Giannis Amanatidis

Amanatidis will also hold the Deputy Foreign Minister’s post. He is a school teacher and has been a SYRIZA MP since 2012. Amanatidis has also participated in various trade unions along the years.






Pavlos Haikalis

He is the new Deputy Minister of Social Security. Haikalis is a well known professional actor and has been an MP with the Independent Greeks party since June 2012.

 




Dimitris Vitsas

The New Deputy Minister of Defence is a long time SYRIZA party member. He was a member of the Greek Communist Party (KKE) until the early 1990’s and he is known for having a close relationship with Alexis Tsipras.






Olga Gerovasili

The new Government Spokesperson is a doctor and has been a SYRIZA MP since May 2012. Georvasili was the SYRIZA Parliamentary Spokesperson before becoming Government Spokesperson, essentialy switching posts with Gabriel Sakelaridis.


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Friday, July 17, 2015

Latest Update-Remittance centers in Greece are in Panic, IF open Monday July 20 they will allowed only 60 euro per person to send abroad

Greek government confirms banks will re-open on Monday July 20, but with restrictions creating problem to Remittance business.
Remittance centers in Greece are in Panic because as Greek Deputy Finance Minister Dimitris Mardas told to tsismosaonline.com reporter , exclousive for Remittance centers there is NO any change regarding the daily limit for foreign people who work in Greece and wish to send money abroad. A ministerial decision need to be for All Remittance centers saying how much and what is exacly the limit that allowed per person to send abroad. Without those details the Remittance centers in Greece cannot operated legal and there are already some Remittance centers who operates illegal by sending money abroad without The national bank in Greece Financial audit.
The only aggrement that made in the  Greek Parliament is that allowed to Greek people with Students abroad to send until 5000 euro evey  3 months
Remittance centers in Greece stopped any work since 29 of June 2015 because Greek law forbidden money from inside country  to exit , after 3 weeks allowed to send abroad until 5000 euro evey  3 months to those with Students only? what about the others? the thousands Overseas Workers in Greece ?
Representative from Remittance centers in Greece  are prepering to meet with the Greek government Monday morning to solved the problem  and asked  the ministerial decision on the bank opening to be updated .


 stay connected for more news regarding
Filipino Gr 
News reporter for tsismosaonline.com
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Greek government confirms banks will re-open on Monday July 20, restrictions will ease gradually




The European Central Bank increased emergency funding for Greek lenders, although capital controls will have to remain to avoid a bank run when they reopen on Monday.

European Union finance ministers also approved €7 billion in bridging loans to keep Greece afloat, allowing it to make a bond payment to the ECB next Monday and clear its arrears with the International Monetary Fund.

The loans will be finalised today Friday July 17 provided Germany's parliament approves a Berlin government request to open talks on a three-year bailout programme - Greece's third in the past five years - worth up to €86 billion.

The ECB on Thursday increased the cap on emergency funding Greek lenders can draw from the domestic central bank by 900 million euros.

Meanwhile, euro zone finance ministers have announced much-needed bridge financing for the country, after the Greek parliament voted to accept swingeing austerity measures in return for aid. 

Banks have been closed since June 29 after Athens imposed capital controls. "They will open on Monday," the Greek government said.

They said there might be a weekly limit on withdrawals, rather than a daily one, 
"If someone doesn't want to take 60 Euros ($66) on Monday and wants to take it on Tuesday, for instance, they can withdraw 120 Euros or 180 Euros on Wednesday," he was quoted as saying.


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Thursday, July 16, 2015

Scenarios of Greek Snap Elections in September or October.



Greek Interior Minister Nikos Voutsis said it is very possible there will be snap elections in Greece in September or October.

“If not in September, then in October. Elections are very likely, but this will depend on developments from now on,” Voutsis said on Greek radio, ahead of the expected government reshuffle.

“The 120 votes in favor is the least political and moral limit for bills to be approved and the confirmation of trust to this government,” he added.

The SYRIZA-ANEL coalition barely reached that limit, as just 123 deputies voted in favor of reforms required for the third bailout agreement negotiations.

MEP Dimitis Papadimoulis tweeted on Thursday morning: “Government reshuffle, agreement completion, debt restructuring, elections. Tsipras with program and party that is not 2 in 1.”

Government spokesperson Gavriil Sakellaridis said in an official announcement: “The basic priority of the government and the Prime Minister is the completion of the agreement.” He also wrote that “32 deputies decided not to support the leftist government, voting down the choice to avoid bankruptcy.”

Meanwhile, after the parliament vote, Prime Minister Alexis Tsipras had a meeting with Voutsis, State Minister Nikos Pappas and Labor Minister Panos Skourletis to discuss dissidence in the party ranks. Sources from the government headquarters said that a major cabinet reshuffle is expected as early as Thursday evening.

Analysts noted that Tsipras now has to rely on opposition MPs to vote in favor of the upcoming bills tied to the bailout agreement. So far, pro-Europe parties New Democracy, PASOK and “To Potami” have unanimously supported the agreement.


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Latest Update- Remittance centers in Greece closed Until Friday July 17, might to reopen on Monday. Greek government has yet to make an official announcement.


Remittance centers in Greece closed Until Friday July 17, might to reopen on Monday July 20, 

Remittance centers in Greece will reopen on Monday according to sources,

Greek government has yet to make an official announcement



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Latest Update- Greek Banks Closed Until Monday July 20, however the depositors would be able to withdraw 120 euros or even 180 euros at once



The alleged decision follows a European Central Bank (ECB) announcement that increases the Emergency Liquidity Assistance (ELA) to Greek banks by 900 million euros


Up until now there has been a 60 euro maximum daily withdrawal limit.

The daily limit will likely stay the same. However, according to reports, depositors will now have the option of not withdrawing the 60 euros each day but instead keeping it in the bank and collecting their total allowance after a day or two. Thus a depositor would be able to withdraw 120 euros or even 180 euros at once rather than wait in an ATM line each day for 60 euros.


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Good News-7 Billion-Euro Emergency Assistance to Greece to cover its financial needs for the next three months



The European Financial Stabilisation Mechanism (EFSM) has granted Greece an emergency seven billion euro loan to cover its financial needs for the next three months, according to reports.

Euro Area said to agree in principle to €7bn #Greece bridge loan. Eurozone bridge loan to Greece would be announced tomorrow, BBG reports.

— Holger Zschaepitz (@Schuldensuehner) July 16, 2015

Greece has also requested a new financial assistance from the European Stability Mechanism (ESM) and there is an agreement in principle to provide the requested assistance, as outlined in the Euro Summit Statement from 12 July.

As outlined in the Commission’s proposal for a Council implementing decision on granting short term Union financial assistance to Greece – a loan amounting to a maximum of EUR 7 billion – with a maximum maturity of 3 months – would be disbursed in one instalment.

The assistance to be granted to Greece by the ESM will be used to repay the short-term loan received by Greece under the EFSM.

The official announcement is expected tomorrow.


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Creditors Team Return to Greece on Monday July 20-Greek Prime Minister negotiations will last about four weeks before the final agreement is signed



The work between the technical teams of Greece and creditors will start on Monday July 20 in Athens and is expected to last four weeks before the third bailout agreement is signed.

The representatives of the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF) will work closely with Greek authorities to prepare the procedures required for the new Memorandum of Understanding. According to Prime Minister Alexis Tsipras, negotiations will last about four weeks.

The three institutions will assess the condition of the Greek economy and banking system, and the technical teams of both sides will draft the new loan agreement and bailout program.

The creditors’ representatives will have access to pertinent Ministries and the General Accounting Office, and will monitor the progress of required reforms. The aim of both sides is to expedite the signing of the agreement.



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Greece Parliament Aproves Greek Bailout Deal, the Greek economy in ruins and the Greek banks still closed

With the Greek economy in ruins and the Greek banks still closed, the Greek parliament approved the terms of the latest (3rd) Greek bailout deal offered to Geece by its creditors: the European Central Bank (ECB), the European Commission and the International Monetary Fund (IMF).
A majority of 229 Greek parliament members voted yes to a new bill, turning into law the difficult terms of Greece’s 3rd bailout, a prerequisite set by Greece’s creditors.
According to Prime Minister Alexis Tsipras, Greece had no other choice than accepting more austerity, if the country did not want to face a Grexit; an exclusion from the Eurozone and the introduction of a new currency in the country.
Fierce Debate
The Greek Parliament convened on Wednesday evening to discuss the bailout deal Greek Prime Minister Alexis Tsipras agreed to with the country’s international creditors in Brussels on Monday.
The Greek Prime minister urged the Greek parliament to vote the deal, although he called it a bad deal he said that this is the only choice for debt-ridden Greece.
Following intense speeches from lawmakers of the various parties, Tsipras once again spoke of a hard and unequal battle between the people’s right and the economic powers and the ideological and political defferences that exist in Europe and which manifested these past few weeks.
Earlier in the night, Finance Minister, Euclid Tsakalotos, discussed the bailout deal, which he signed, noting that its effects will be judged in the future and will hinge on political developments in Europe.
“Monday was the hardest day of my life. It was decision that I will carry with me for the rest of my life. I do not know if we did the right thing, I know we did not have many options,” he said.
Tsakalotos also talked about what needs to be done from here on and emphasised the need for anti-austerity alliances to form in Europe.
“I just know one thing. If the left cannot attack the old party system then this country has no future,” he said.
Party leaders and spokespersons addressed the parliament,in a session that had supporters as well as opposers of the deal who expressed their dismay with Greece’s government.
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Wednesday, July 15, 2015

Latest Update- Remittance centers in Greece closed Until Thursday July 16




Latest news on Greece and the Philippines and the world:-Remittance centers in Greece closed  Until Thursday July 16

Tomorrow again they will announce if when the  remittance center are open

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Latest Update- Greek Banks Closed Until Thursday July 16



Latest news on Greece and the Philippines and the world:-Greek Banks will remain closed until tomorrow Thursday July 16. ATMs Will continue Operate with 60 euro per day for the pensioners and for cash card holders. 

After the Greek government had promised that banks would open today July 15,  holiday extension was officially posponed for  tomorrow Thursday July 16.


Furthermore, according to sources, those traveling abroad can carry a maximum of 1,000 euros per person. 


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