21/06/15

[Maik]

Fire risk elevated to medium for today


http://civilprotection.gr

[Maik]

Meanwhile, Greece Is Quietly Printing Billions Of Euros

http://www.zerohedge.com/news/2015-06-20/meanwhile-greece-quietly-printing-billions-euros

[U4ea]

Meanwhile, Greece Is Quietly Printing Billions Of Euros

http://www.zerohedge.com/news/2015-06-20/meanwhile-greece-quietly-printing-billions-euros

Brilliant! The ECB won't let Greece do Quantitative Easing which is "virtual" printing of money, so they do the real thing instead. A sneaky if irresposible way of raising liquidity.

[Maik]

Every month brings 1 bln of new tax debts

The Finance Ministry has warned that after June 26 – the deadline for submitting applications to settle debts in up to 100 tranches – the state will start confiscating properties and assets, stressing that there will be no extension granted for entry to the payment scheme.

http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_19/06/2015_551287

[Maik]

International Document Image Processing Summer School, 21-26 June, Poros, Kefalonia.

The Summer School aims to provide among other, an objective overview and an in-depth analysis of the state-of-the-art of the Camera-Based Document Images, and their applications... for 40 young researchers, post-graduate and PhD students.

http://samosweb.aegean.gr/idips2015/

[Maik]

UK to adopt Hague Convention to protect artefacts in war zones

The director of the British Museum, Neil MacGregor... previously told The Times the museum was already trying to protect antiquities taken from conflict zones.

"We are playing a significant part in holding objects that have been illegally exported," he said.

"We did that in Afghanistan and are now returning them. We are holding an object we know was illegally removed from Syria and one day it will go back."

http://www.bbc.com/news/uk-33213911

  Parthenon Marbles, anyone?

[TonyKath]

Meanwhile, Greece Is Quietly Printing Billions Of Euros

http://www.zerohedge.com/news/2015-06-20/meanwhile-greece-quietly-printing-billions-euros

Brilliant! The ECB won't let Greece do Quantitative Easing which is "virtual" printing of money, so they do the real thing instead. A sneaky if irresposible way of raising liquidity.

The article seemed very interesting but a bit too technical for me a lot of the time.  I took it as not meaning an increase in liquidity but rather converting it into real paper dosh to avoid likely capital controls:

So, it is literally “deal or no deal” time, because if JPM [? JP Morgan, bank] is correct and eligible collateral was either exhausted two weeks ago or, in the best case scenario, is right at the limit, capital controls will need to be put in place as early as Tuesday at which point the ATMs will officially stop dispensing freshly-minted euros which, incidentally, brings up an important point. As Barclays notes, during the same period over which Greek banks lost nearly €30 billion in deposits, banknotes in circulation jumped by some €13 billion. In short, because Greeks are increasingly prone to stuffing their euros in mattresses, a large proportion of the deposit flight has come in the form of hard currency withdrawals, meaning the Bank of Greece is forced to (literally) print billions in physical banknotes:

http://www.zerohedge.com/news/2015-06-20/meanwhile-greece-quietly-printing-billions-euros

Dunno if I'm right though! 

Tony