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2011 Greek Proposed Economy Referendum
A referendum to decide whether or not Greece was to accept the conditions under which the European Union (EU), the International Monetary Fund (IMF) and the European Central Bank (ECB) would allow a 50% haircut of Greek debt owed to private creditors was planned to be held in 2011. However, Prime Minister George Papandreou decided to cancel the referendum on 3 November, if the opposition parties vote in favour of the EU deal. The proposed referendum was later cancelled. Background On 31 October 2011, Prime Minister George Papandreou announced the referendum saying that: "We need wide consensus (for the aid programme). We are part of the eurozone hich meansmany rights and many obligations. We will live up to our obligations." Constitutional issues have arisen with regards to such a referendum, as Article 44 of the constitution of Greece specifies that referendums on critical national matters and social bills are permitted while referendums on fiscal bills are not. This was to be ...
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Referendum
A referendum (plural: referendums or less commonly referenda) is a direct vote by the electorate on a proposal, law, or political issue. This is in contrast to an issue being voted on by a representative. This may result in the adoption of a new policy or specific law, or the referendum may be only advisory. In some countries, it is synonymous with or commonly known by other names including plebiscite, votation, popular consultation, ballot question, ballot measure, or proposition. Some definitions of 'plebiscite' suggest it is a type of vote to change the constitution or government of a country. The word, 'referendum' is often a catchall, used for both legislative referrals and initiatives. Etymology 'Referendum' is the gerundive form of the Latin verb , literally "to carry back" (from the verb , "to bear, bring, carry" plus the inseparable prefix , here meaning "back"Marchant & Charles, Cassell's Latin Dictionary, 1928, p. 469.). As a gerundive is an adjective,A ...
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List Of Political Parties In Greece
Prior to the 2012 elections the characteristic Greek political system was a two-party system. The historically dominant parties have been New Democracy and the Panhellenic Socialist Movement (PASOK). Under the electoral system a party needs to surpass a 3% threshold in the popular vote in order to enter parliament. The largest party gets a 50-seat bonus (out of 300 seats) ostensibly to ensure elections return viable governing majorities. Parties represented in the current Parliament and European Parliament Minor parties Defunct parties Parties during the reign of King Otto (1833–1862) * English Party ( el, Αγγλικό Κόμμα) (liberal, pro-English) (1824–1863) * French Party ( el, Γαλλικό Κόμμα) (liberal, pro-French) (1824–1863) * Russian Party ( el, Ρώσσικο Κόμμα) (conservative, pro-Russian) (1825–1863) * Party of Radicals ( el, Κόμμα των Ριζοσπαστών) (radical, pro-union) (1848–1864) in the United Stat ...
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European Sovereign Debt
European, or Europeans, or Europeneans, may refer to: In general * ''European'', an adjective referring to something of, from, or related to Europe ** Ethnic groups in Europe ** Demographics of Europe ** European cuisine, the cuisines of Europe and other Western countries * ''European'', an adjective referring to something of, from, or related to the European Union ** Citizenship of the European Union ** Demographics of the European Union In publishing * ''The European'' (1953 magazine), a far-right cultural and political magazine published 1953–1959 * ''The European'' (newspaper), a British weekly newspaper published 1990–1998 * ''The European'' (2009 magazine), a German magazine first published in September 2009 *''The European Magazine'', a magazine published in London 1782–1826 *''The New European'', a British weekly pop-up newspaper first published in July 2016 Other uses * * Europeans (band), a British post-punk group, from Bristol See also * * * Europe (disam ...
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Barack Obama
Barack Hussein Obama II ( ; born August 4, 1961) is an American politician who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party (United States), Democratic Party, Obama was the first African-American president of the United States. He previously served as a U.S. senator from Illinois from 2005 to 2008 and as an Illinois state senator from 1997 to 2004, and previously worked as a civil rights lawyer before entering politics. Obama was born in Honolulu, Hawaii. After graduating from Columbia University in 1983, he worked as a Community organizing, community organizer in Chicago. In 1988, he enrolled in Harvard Law School, where he was the first black president of the ''Harvard Law Review''. After graduating, he became a civil rights attorney and an academic, teaching constitutional law at the University of Chicago Law School from 1992 to 2004. Turning to elective politics, he Illinois Senate career of Barack Obama, repre ...
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Angela Merkel
Angela Dorothea Merkel (; ; born 17 July 1954) is a German former politician and scientist who served as Chancellor of Germany from 2005 to 2021. A member of the Christian Democratic Union (CDU), she previously served as Leader of the Opposition from 2002 to 2005 and as Leader of the Christian Democratic Union from 2000 to 2018. Merkel was the first female chancellor of Germany. During her tenure as Chancellor, Merkel was frequently referred to as the ''de facto'' leader of the European Union (EU), the most powerful woman in the world, and since 2016 the leader of the free world. Merkel was born in Hamburg in then-West Germany, moving to East Germany as an infant when her father, a Lutheran clergyman, received a pastorate in Perleberg. She obtained a doctorate in quantum chemistry in 1986 and worked as a research scientist until 1989. Merkel entered politics in the wake of the Revolutions of 1989, briefly serving as deputy spokeswoman for the first democratically el ...
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2011 G-20 Cannes Summit
The 2011 G20 Cannes Summit was the sixth meeting of the G20 heads of government/heads of state in a series of on-going discussions about financial markets and the world economy. The G20 forum is the avenue for the G20 economies to discuss, plan and monitor international economic cooperation. While the summit achieved little progress on resolving the Eurozone crisis and providing concrete measures to addressing global financial imbalances, it did produce some tangible results, including the adoption of the Cannes Action Plan for Growth and Jobs, the launch of the Agricultural Market Information System (AMIS) and the endorsement of an Action Plan on Food Price Volatility and Agriculture. Priorities France put agriculture and food security at the heart of the G20 priorities. Around this broad theme, it divided the priorities of the Summit into six areas: # Reform the International Monetary System. # Strengthen financial regulation, especially in non-banking financial institution ...
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Cannes
Cannes ( , , ; oc, Canas) is a city located on the French Riviera. It is a commune located in the Alpes-Maritimes department, and host city of the annual Cannes Film Festival, Midem, and Cannes Lions International Festival of Creativity. The city is known for its association with the rich and famous, its luxury hotels and restaurants, and for several conferences. History By the 2nd century BC, the Ligurian Oxybii established a settlement here known as ''Aegitna'' ( grc, Αἴγιτνα). Historians are unsure what the name means. The area was a fishing village used as a port of call between the Lérins Islands. In 154 BC, it became the scene of violent but quick conflict between the troops of Quintus Opimius and the Oxybii. In the 10th century, the town was known as Canua. The name may derive from "canna", a reed. Canua was probably the site of a small Ligurian port, and later a Roman outpost on Le Suquet hill, suggested by Roman tombs discovered here. Le Suquet housed an 11t ...
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Athex
The Athens Stock Exchange (ASE or ATHEX; el, Χρηματιστήριο Αθηνών (Χ.Α.), ''Chrimatistírio Athinón'') is the stock exchange of Greece, based in the capital city of Athens. It was founded in 1876. There are currently five markets operating in ATHEX: regulated securities market, regulated derivatives market, Alternative market, carbon market (for EUAs) and OTC market. In the regulated securities market investors can trade in stocks, bonds, ETFs and other related securities. On the stock exchange 172 stocks are currently traded representing 166 companies. ATHEX has over 30 indices. The six main indices are: Composite Index (''GD''), FTSE/Athex Large Cap (''FTSE'', also known as ''FTSE 25''), FTSE/Athex Mid Cap Index (''FTSEM''), FTSE/Athex Market Index (''FTSEA''), FTSE/ATHEX Global Traders Index Plus (''FTSEGTI'') and FTSE/ATHEX Factor-Weighted Index (''FTSEMSFW''). The Athens Composite index started trading in 1980, its High 6355.04 set on 17 Sep ...
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To Vima
''To Vima'' ( el, Το Βήμα, lit=The Tribune) is a Greek weekly newspaper first published in 1922 by Dimitris Lambrakis, the father of Christos Lambrakis, as ''Elefthero Vima'' (Free Tribune). It was owned by Lambrakis Press Group (DOL), a group that also publishes the newspaper ''Ta Nea'', among others in its fold of publications. The assets of DOL were acquired in 2017 by Alter Ego Media S.A. ''To Vima'' is a high-quality newspaper in Greece, and arguably the most influential in political issues; it was published daily until 2011, but since publishes only its flagship Sunday edition, whose current managing editor is Stavros Psycharis. To Vima is historically the newspaper to which prominent politicians would most commonly provide interviews or write articles. Eleftherios Venizelos, Georgios Papandreou, Nikolaos Plastiras, Constantine Karamanlis and Andreas Papandreou are among those who have written for the newspaper. Content The newspaper features as columnists prom ...
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Panhellenic Socialist Movement
The Panhellenic Socialist Movement ( el, Πανελλήνιο Σοσιαλιστικό Κίνημα, Panellínio Sosialistikó Kínima, ), known mostly by its acronym PASOK, (; , ) is a social democracy, social-democratic List of political parties in Greece, political party in Greece. Until 2012, it was Two-party system, one of the two major parties in the country, along with New Democracy (Greece), New Democracy, its main political rival. Following the Metapolitefsi, collapse of the Greek junta, Greek military dictatorship of 1967–1974, PASOK was founded on 3 September 1974 as a socialist, Democratic socialism, democratic socialist and Left-wing nationalism, left-wing nationalist party. Formerly the largest left-wing party in Greece between 1977 and 2012, PASOK lost much of its popular support as a result of the Greek government-debt crisis, Greek debt crisis. When the crisis begun, PASOK was the ruling party and negotiated the First Economic Adjustment Programme for Greece, ...
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Hellenic Parliament
The Hellenic Parliament ( el, Ελληνικό Κοινοβούλιο, Elliniko Kinovoulio; formally titled el, Βουλή των Ελλήνων, Voulí ton Ellínon, Boule of the Hellenes, label=none), also known as the Parliament of the Hellenes, the Hellenic Bouleterion or Greek Parliament, is the unicameral legislature of Greece, located in the Old Royal Palace, overlooking Syntagma Square in Athens. The parliament is the supreme democratic institution that represents the citizens through an elected body of Members of Parliament (MPs). It is a unicameral legislature of 300 members, elected for a four-year term. In 1844–1863 and 1927–1935, the parliament was bicameral with an upper house (the senate) and a lower house (the chamber of deputies), which retained the name . Several important Greek statesmen have served as the speaker of the Hellenic Parliament. History Constitutional monarchy, 1843–1862 The first national parliament of the independent Greek stat ...
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Konstantinos Mitsotakis
Konstantinos Mitsotakis ( el, Κωνσταντίνος Μητσοτάκης, ; – 29 May 2017) was a Greek politician who was 7th Prime Minister of Greece from 1990 to 1993. He graduated in law and economics from the University of Athens. His son, Kyriakos Mitsotakis, was elected as the Prime Minister of Greece following the 2019 Greek legislative election. Family and personal life Mitsotakis was born on 31 October 1918 in Halepa suburb, Chania, Crete, into an already powerful political family, linked to the distinguished statesman Eleftherios Venizelos on both sides. His grandfather (1845–1898), a lawyer, journalist and short-time MP of then Ottoman-ruled Crete, founded the Liberal Party, then "''Party of the Barefeet''" () with Venizelos, and married the latter's sister, Katigo Venizelou, Constantine's grandmother. The 1878 Pact of Halepa, granting an Ottoman Crete a certain level of autonomy, was signed in his very home. His father (1883–1944), also MP ...
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