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Greek Legislative Election, January 2015
Legislative elections were held in Greece on Sunday 25 January 2015 to elect all 300 members to the Hellenic Parliament in accordance with the constitution. The election was held earlier than scheduled due to the failure of the Greek parliament to elect a new president on 29 December 2014. Syriza won a legislative election for the first time, winning 36% of votes and 149 seats, just two short of an absolute majority. The centre-right New Democracy (ND), the outgoing party of government, saw only a small decline from 30% to 28%, but in falling to second place suffered its worst showing to date in terms of seats. Five other parties passed the 3% electoral threshold to gain representation, all winning 5–6% of votes: the far-right Golden Dawn (XA), social-liberal To Potami, the Communist Party of Greece (KKE), right-wing populist Independent Greeks (ANEL), and centre-left PASOK. XA became the third largest party for the first time, while Potami debuted in fourth place. Formerly one ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 state ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Golden Dawn (Greece)
The Popular Association – Golden Dawn ( el, Λαϊκός Σύνδεσμος – Χρυσή Αυγή, translit=Laïkós Sýndesmos – Chrysí Avgí), usually shortened to Golden Dawn ( el, Χρυσή Αυγή, translit=Chrysí Avgí, ), is a far-right neo-fascist and ultranationalist criminal organization in Greece. Golden Dawn rose to prominence during Greece's financial crisis of 2009, becoming the third most popular party in the Greek parliament in the January 2015 election. Its support has since plunged, and it failed to enter parliament in the 2019 election. The criminal trial against the leaders, frequently described as the largest Nazi trial since Nuremberg, lasted more than five years. Nikolaos Michaloliakos began the foundations of what would become Golden Dawn in 1980, when he published the first issue of the right-wing, pro-military junta journal by the name ''Chrysi Avgi''. In this context, Golden Dawn had its origins in the movement that worked towards a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eurogroup
The Eurogroup is the recognised collective term for the informal meetings of the finance ministers of the eurozone—those member states of the European Union (EU) which have adopted the euro as their official currency. The group has 19 members. It exercises political control over the currency and related aspects of the EU's monetary union such as the Stability and Growth Pact. The current President of the Eurogroup is Paschal Donohoe, the Minister for Finance of Ireland. The ministers meet '' in camera'' a day before a meeting of the Economic and Financial Affairs Council (ECOFIN) of the Council of the European Union. They communicate their decisions via press and document releases. The group is related to the Council of the European Union (only Eurogroup member states vote on issues relating to the euro in the ECOFIN) and was formalised under the Treaty of Lisbon. History The Eurogroup, formerly known as the ''Euro-X'' and ''Euro-XI'' in relation to the number of states a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Troika
The troika is a term used to refer to the single decision group created by three entities, the European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF). It was formed in the aftermath of the European debt crisis as an ''ad hoc'' authority with a mandate to manage the "bailouts" of Cyprus, Greece, Ireland and Portugal, in the aftermath of their prospective insolvency caused by the world financial crisis of 2007–2008. Earlier, "troika" had been used as the designation of a triumvirate that represented the European Union in its foreign relations, in particular concerning its common foreign and security policy (CFSP), until the Treaty of Lisbon was ratified in 2009. Background of the financial crisis bailout troika The role of the Troika The term ''troika'' has been widely used in Greece, Cyprus ( el, τρόικα), Ireland, Portugal, and Spain to refer to the consortium of the European Commission, the European Central Bank an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Adjustment Programme For Greece
The First Economic Adjustment Programme for Greece, initially called the Economic Adjustment Programme for Greece and usually referred to as the first bailout package or the first memorandum, is a memorandum of understanding on financial assistance to the Hellenic Republic in order to cope with the Greek government-debt crisis. It was signed on 3 May 2010 by the Greek Government under then-prime minister George Papandreou on one hand, and on the other hand by the European Commission on behalf of the Eurogroup, the European Central Bank (ECB) and the International Monetary Fund (IMF). Of the totaling €107.3 billion of financial assistance, €72.8 billion were disbursed by 1 March 2012, when the programme was superseded by the Second Economic Adjustment Programme for Greece comprising the undisbursed amounts of the first programme and additional €130 billion for the years 2012–14. Background Having had the credit rating agencies further downgrade their assessment of Gre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt-to-GDP Ratio
In economics, the debt-to-GDP ratio is the ratio between a country's government debt (measured in units of currency) and its gross domestic product (GDP) (measured in units of currency per year). While it is a "ratio", it is technically measured in units of year, and can be interpreted as the number of years a country needs to pay off its entire debt, if all its GDP is devoted towards it. A low debt-to-GDP ratio indicates that an economy produces goods and services sufficient to pay back debts without incurring further debt. Geopolitical and economic considerations – including interest rates, war, recessions, and other variables – influence the borrowing practices of a nation and the choice to incur further debt. It should not be confused with a deficit-to-GDP ratio, which, for countries running budget deficits, measures a country's annual net fiscal loss in a given year ( total expenditures minus total revenue, or the net change in debt per annum) as a percentage share of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Global Financial Crisis
Global means of or referring to a globe and may also refer to: Entertainment * ''Global'' (Paul van Dyk album), 2003 * ''Global'' (Bunji Garlin album), 2007 * ''Global'' (Humanoid album), 1989 * ''Global'' (Todd Rundgren album), 2015 * Bruno J. Global, a character in the anime series ''The Super Dimension Fortress Macross'' Companies and brands Television * Global Television Network, in Canada ** Global BC, on-air brand of CHAN-TV, a television station in Vancouver, British Columbia, Canada ** Global Okanagan, on-air brand of CHBC-TV, a television station in Kelowna, British Columbia, Canada ** Global Toronto, a television station in Toronto ** Global Edmonton ** Global Calgary ** Global Montreal ** Global Maritimes ** Canwest Global, former parent company of Global Television Network * Global TV (Venezuela), a regional channel in Venezuela Other industries * Global (cutlery), a Japanese brand * Global Aviation Holdings, the parent company of World Airways, Inc., and North ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greek Government-debt Crisis
Greece faced a sovereign debt crisis in the aftermath of the financial crisis of 2007–2008. Widely known in the country as The Crisis ( Greek: Η Κρίση), it reached the populace as a series of sudden reforms and austerity measures that led to impoverishment and loss of income and property, as well as a small-scale humanitarian crisis. In all, the Greek economy suffered the longest recession of any advanced mixed economy to date. As a result, the Greek political system has been upended, social exclusion increased, and hundreds of thousands of well-educated Greeks have left the country. The Greek crisis started in late 2009, triggered by the turmoil of the world-wide Great Recession, structural weaknesses in the Greek economy, and lack of monetary policy flexibility as a member of the Eurozone. The crisis included revelations that previous data on government debt levels and deficits had been underreported by the Greek government: the official forecast for the 2009 budg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kathimerini
''Kathimerini'' (Greek: Η Καθημερινή, pronounced kaθimeriˈni meaning ''The Daily'') is a daily, political and financial morning newspaper published in Athens. Its first edition was printed on September 15, 1919. and it is considered the leading newspaper in Greece, with both the highest circulation and a strong digital presence. It is published in Greek and there is also an English edition, both print and digital. ''Kathimerini English Edition'' is published in Greece and Cyprus along with the ''New York Times International''. ''Kathimerini'' also produces a wide range of leading magazines, including ''Vogue Greece'' with ''Conde Nast International'', as well as publications for The Walt Disney Company Greece. Considered Greece's paper of record, ''Kathimerini'' traditionally identifies with a broad range of the political spectrum, from the liberal center to the moderate right, while covering the positions and hosting analyses from all the main political parties an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Majority Bonus System
The majority bonus system (MBS) is a form of semi-proportional representation used in some European countries. Its feature is a majority bonus which gives extra seats or representation in an elected body to the party or to the joined parties with the most votes with the aim of providing government stability. It is currently used in Greece and San Marino, and formerly in Italy from 2006 to 2013. In Argentina, it is used in the Chamber of Deputies of the Province of Santa Fe, Chubut, and Entre Ríos. History Benito Mussolini was the first politician to enact a law to give automatic seats to the winning party and ensured his victory in the 1924 Italian general election. A modified version of the system was reintroduced for the 1953 Italian general election, in which any parliamentary coalition winning an absolute majority of votes would be awarded two-thirds of the seats in Parliament. The Christian Democracy-led coalition fell narrowly short of this majority in the election, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of The Interior (Greece)
The Ministry of the Interior ( el, Υπουργείο Εσωτερικών) is a government department of Greece. On 15 September 1995, it was merged with the Ministry of the Prime Minister's Office () to form the Ministry of the Interior, Public Administration and Decentralization (). On 19 September 2007, it was merged with the Ministry of Public Order and reverted to its original name. The merger was reversed on 7 October 2009, when the Ministry of the Interior, Decentralization and Electronic Governance () was formed. On 27 June 2011, a separate Ministry of Administrative Reform and Electronic Governance was created, and the Ministry of the Interior again reverted to its original name. On 27 January 2015, the two were merged with the Ministry of Public Order and Citizen Protection to form the Ministry of the Interior and Administrative Reorganization (). A separate Ministry of Administrative Reorganization was created on 5 November 2016, and the Ministry of the Interior rev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PASOK
The Panhellenic Socialist Movement ( el, Πανελλήνιο Σοσιαλιστικό Κίνημα, Panellínio Sosialistikó Kínima, ), known mostly by its acronym PASOK, (; , ) is a social-democratic political party in Greece. Until 2012, it was one of the two major parties in the country, along with New Democracy, its main political rival. Following the collapse of the Greek military dictatorship of 1967–1974, PASOK was founded on 3 September 1974 as a socialist, democratic socialist and 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 debt crisis. When the crisis begun, PASOK was the ruling party and negotiated the first Greek bailout package with the European troika which necessitated harsh austerity measures. It caused a significant loss in popularity as a result of the economic crisis, the party was part of two coalition governments from 2011 to 201 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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