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26 May 2023 Latest news

IMF latest news

 

Dear maria, We just published a new blog—please find the full text below.  Asia Must Monitor Rising Corporate Debt Amid Higher Interest Rates (Credit: Ahmad Fauzan/iStock by Getty Images) By Thomas Helbling, Shanaka J. Peiris, and Monica Petrescu Asia’s increased borrowing in recent decades has augmented the region’s exposure to rising interest rates and heightened market volatility. Borrowing by the region’s governments, companies, consumers, and financial firms is well above levels prior to the global financial crisis, as we recently noted. In particular, industries that rapidly increased leverage while interest rates were low are now a key concern, especially in Asia. While we expect Asia’s growth to hold up, contributing two-thirds of global growth this year, central banks may keep rates higher for longer to tame inflation, and financial conditions may tighten further. Highly leveraged companies face greater risk of default as monetary policies and financial conditions remain tight. Even with resilient economic growth, interest payments may exceed earnings as borrowing costs rise, reducing firms’ ability to service their debts. As the Chart of the Week shows, corporate debt in Asia is concentrated in firms with low interest coverage ratios. When this ratio, a measure of how much corporate earnings can cover debt interest payments, is below or close to 1, a firm may become unable to service its debts. View the interactive version here.

 

AGRICULTURE AND RURAL DEVELOPMENT Eggs newsletter

Agricultural markets dashboard – eggs View the latest update Related links EU eggs policy | EU agricultural markets short-term outlook Milk and dairy products newsletter Latest update Dashboard: Milk and dairy products Highlights EU butter prices: 465 €/100 kg, -0.1% in last 4 weeks; EU SMP prices: 245 €/100 kg, +1.1% in last 4 weeks; EU WMP prices: 348 €/100 kg, +2.2% in last 4 weeks; EU cheddar prices: 373 €/100 kg, -3.1% in last 4 weeks; Increase of IT spot milk price at 45.5 c/kg (21 May);

Press statement by President Charles Michel following the EU-Republic of Korea summit

 

Press material Monday 22 May 2023

● European Council   22/05/2023 15:28 | Statements and remarks | Press statement by President Charles Michel following the EU-Republic of Korea summit   Dear President, Excellencies, Ladies and Gentlemen, During the Korean war, many European countries sent their soldiers to fight alongside South-Korean soldiers, including my own country. As a Belgian and European, I am strongly attached to the cause. Henri Moreau de Melen even resigned as Belgian minister of defence to come and fight in Korea. A total of 3,000 Belgian soldiers served during the Korean war and they played a role at the battle of Imjin river, which I crossed this morning on my way to the demilitarized zone. Mr President, it was a pleasure to meet you for our 10th EU-Republic of Korea Summit. This year is the sixtieth anniversary of the bilateral relationships between the Republic of Korea and the EU. Korea is one of the EU’s most valued partners in the region. We share common interests and common goals. We are united by the values of democracy, human rights, rule of law, and international law. And today we took another step to strengthen our strategic partnership, by focusing on important regional and global challenges and on our bilateral relations. Today we face threats to our global and regional security and rising global competition. This summit takes place as Russia continues its large-scale attacks on the people of Ukraine. These threats — and this war — show that deeper cooperation between the EU and the Republic of Korea is not a luxury, it is a vital necessity. I would like to thank you, dear President, and Korea, for condemning this illegal war against Ukraine, and for your support for the people of Ukraine as they bravely defend their homeland. Oceans may divide us, but European and Indo-Pacific security are closely connected. So we must stand united and firm, to protect the UN Charter and the international rules-based order. In this region, the DPRK’s nuclear program and reckless missile tests are a serious threat to international and regional security. The EU does not and will never accept nuclear armament by the back door. In the EU, we will continue to support your efforts to build peace and stability on the Korean Peninsula. These challenges also highlight the importance of strong alliances to face today’s new challenges. Boosting cooperation with your closest neighbours reinforces stability in the region and helps to achieve our shared goals. We also stressed the importance of preserving stability and the status quo in the Taiwan Strait. We are working together to build a dynamic and rules-based Indo-Pacific region, to make progress in areas like climate, health, security and defence. And we are working together to build new security partnerships: just one example would be the Korean navy participating in the EU’s Operation Atalanta, the EU's counter-piracy military operation off the Horn of Africa and in the Western Indian Ocean. We are also forging closer ties in our bilateral relationship, underpinned by robust agreements, like our Free Trade Agreement. Today we have concrete deliverables, in green, health and digital topics. We are joining forces to modernise our economies by making them greener. This is good for our planet and good for our societies. Our new Green Partnership will boost cooperation in areas like renewables and green technology. Importantly, through this partnership, we will strengthen our cooperation on the safe operation of nuclear power, among other issues. We are also teaming up to improve global health — this includes making sure the world is ready for possible future health crises, notably through a new WHO Pandemic Agreement. Digital is and will be more and more the lifeblood of our future societies. That’s why we launched our Digital Partnership last year, to cooperate more in critical technologies, like semiconductors, quantum computing, and Artificial Intelligence, and to foster greater cooperation between trusted and technologically advanced partners. Korea is a global leader in semiconductor production and now we are committed to deepening our cooperation on digital trade rules. The EU and your country have a powerful trade relationship: the EU is the first investor in Korea and the third trading partner for Korea. It is proof that our Free Trade Agreement is a success story, for both our citizens and our businesses. Trade in goods has grown by 70% since 2011. And we want to maximise its untapped potential. Finally, a word on economic security. We have just returned from the G7 meeting in Hiroshima, where we discussed the interdependency of global supply chains. With President Yoon, we also focused on strengthening the resilience of our supply chains, especially in strategic industries, and for critical technology and raw materials. Dear President, thank you again for your warm welcome. You can count on the EU to promote peace and security and to protect our shared values and the international law. I look forward to seeing you in Europe soon. Thank you.

American Hellenic Educational Progressive Association,update

 

American Hellenic Educational Progressive Association

Contact: AHEPA Headquarters Phone: 202.232.6300 E-mail: ahepa@ahepa.org From the desk of Supreme President Jimmy Kokotas Monday May 29, 2023 Remember & Honor | Memorial Day 2023 Memorial Day is an American holiday, observed on the last Monday of May, honoring the men and women who died while serving in the United States military. Originally known as Decoration Day, it originated in the years following the Civil War and became an official federal holiday in 1971. Today, we Remember and Honor those who made the ultimate sacrifice. Annually, AHEPA’s Supreme President lays a wreath at Arlington National Cemetery in Arlington, Virginia, at the Tomb of the Unknown Soldier--a proud tradition since 1924. This year, we will be afforded that honor again on Saturday, June 3. Also, AHEPA family members from the Washington, D.C. metro area gathered two days ago to memorialize those who are identified as Greek Americans or Greek Orthodox who are buried at Arlington National Cemetery, a figure that totals more than 600 gravesites. This is an annual tradition that began in 1949. Thank you to everyone who has taken time to remember our nation's fallen heroes. How does your chapter or district honor those we've lost on Memorial Day? Let us know by emailing ahepasocial@gmail.com and telling us what you've done! God bless those who fought and paid the ultimate sacrifice for Freedom. Remember & Honor. God Bless America. Fraternally,   Jimmy Kokotas Supreme President

"σχεδία":τεύχος Ιουνίου 2023

 

--ΤΕΥΧΟΣ ΙΟΥΝΙΟΥ-- ΤΕΤΑΡΤΗ 31 ΜΑΪΟΥ 2023 | #112   ΠΕΡΙΣΣΟΤΕΡΑ ΓΙΑ ΤΟ ΝΕΟ ΤΕΥΧΟΣ ΑΛΛΑ ΝΕΑ ΤΗΣ ΣΧΕΔΙΑΣ

NATO all latest news

US demonstrates readiness to reinforce NATO battlegroup in Poland For the first time, a NATO multinational battlegroup has expanded from a battalion to brigade-sized formation. The reinforcements came from the US Army’s 2nd Cavalry Regiment (2CR), which conducted a multi-day road march to travel from Vilseck, Germany to NATO multinational battlegroup Poland’s home base in Bemowo Piskie. During exercise Griffin Shock, they focused on providing what Lithuanian Colonel Darius Vaicikauskas, Chief of Staff of NATO’s Multinational Division North East, called the “deep fight”, using long-range artillery and attack helicopters to augment the battlegroup’s existing firepower. Exercise Griffin Shock marks an important milestone for NATO’s efforts to strengthen the defensive posture in the eastern part of the Alliance. During the 2022 Madrid Summit, Allies agreed to make forces available to reinforce the multinational battlegroups where and when needed. Exercise Griffin Shock proves that significant combat power can be brought to bear quickly and effectively. Click here to download the b-roll. Footage includes shots of the US Army’s 2nd Cavalry Regiment arriving at battlegroup Poland and carrying out exercise Griffin Shock alongside UK and Croatian soldiers, as well as interviews with Lithuanian Army Colonel Darius Vaicikauskas, Chief of Staff of NATO Multinational Division North East, and a US Army Major. NATO Secretary General thanks Latvia for commitment to NATO NATO Secretary General Jens Stoltenberg welcomed Latvian Prime Minister Krišjānis Kariņš to NATO Headquarters on Wednesday (24 May 2023), thanking the Prime Minister for Latvia’s contributions to the Alliance, including leadership on defence spending, and deployments to maritime operations and missions in Kosovo and Iraq. Click here to download the press conference by the NATO Secretary General and the Prime Minister of Latvia as well as footage of their meeting.  Click here for the webstory, the transcript and photos of the event.

Prime Minister, Justin Trudeau....

 Prime Minister of Poland Mateusz Morawiecki to visit Canada

May 29, 2023
Ottawa, Ontario

The Prime Minister, Justin Trudeau, today announced the Prime Minister of Poland, Mateusz Morawiecki, will visit Canada on June 2, 2023.

During the visit, Prime Minister Trudeau and Prime Minister Morawiecki will hold a bilateral meeting to address the regional defence and security challenges resulting from Russia’s brutal and unjustifiable war of aggression against Ukraine and collaborate on their countries’ continued support to Ukraine. This meeting will also be an opportunity for the two leaders to advance their joint commitment to the rules-based international order and the growing Canada-Poland trade relationship to create good, middle-class jobs in both countries, including through opportunities in clean energy.

Building on the progress of Prime Minister Trudeau’s visit to Poland in March 2022, the meeting will highlight the significance of Canada’s deep ties to Poland, maintained by the strong Polish-Canadian community.

Quote

“I look forward to welcoming Prime Minister Morawiecki to Canada. The Canada-Poland relationship is rooted in strong ties between our people, a shared commitment to NATO and democracy, and growing commercial ties that are creating jobs and opportunities for people on both sides of the Atlantic. We will continue to work together to make progress on shared priorities, including our ongoing response to Russian aggression and support for Ukraine.”

— The Rt. Hon. Justin Trudeau, Prime Minister of Canada

ΣΥΛΛΟΓΟΣ ΚΑΤΟΙΚΩΝ ΟΛΥΜΠΙΑΚΟΥ ΧΩΡΙΟΥ:ΚΙΝΗΤΟΠΟΙΗΣΗ ΓΙΑ ΠΛΕΙΣΤΗΡΙΑΣΜΟΥΣ

ΣΥΛΛΟΓΟΣ ΚΑΤΟΙΚΩΝ ΟΛΥΜΠΙΑΚΟΥ ΧΩΡΙΟΥ 

ΛΕΩΝΙΔΑ ΣΑΜΠΑΝΗ 6

 ΟΛΥΜΠΙΑΚΟ ΧΩΡΙΟ 

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Συμπολίτισσες –συμπολίτες 

 Το Δ.Σ. του συλλόγου , καλεί τα σωματεία, τους φορείς της πόλης μας να συμμετέχουν στις κινητοποιήσεις ενάντια στους πλειστηριασμούς που είναι προγραμματισμένοι να γίνουν τις επόμενες μέρες. 

Ιδιαίτερα καλούμε όλους τους οφειλέτες που έχουν δάνεια κόκκινα ή νιώθουν ότι τελικά δε θα καταφέρουν να τα αποπληρώσουν, να πυκνώσουν τις γραμμές των σωματείων, να έρθουν σε επικοινωνία με την επιτροπή. 

 Η αλληλεγγύη είναι το όπλο μας, μόνο ο συλλογικός αγώνας μπορεί να σώσει τα σπίτια του λαού. Η κινητοποίηση θα γίνει την Τετάρτη 31 Μάη στις 2μμ στη dovalue στην Καλλιθέα, στο σταθμό του Ηλεκτρικού. 

Ο αγώνας για την προστασία της λαϊκής κατοικίας συνεχίζεται και θα γιγαντωθεί. Οι πρωτοπόροι συνδικαλιστές, ο κάθε άνθρωπος που δεν ανέχεται την αδικία και τη βαρβαρότητα, να εκφράσει με κάθε τρόπο την αλληλεγγύη του στους βιοπαλαιστές, εργάτες και επαγγελματίες που γίνονται λεία στις ορέξεις των αρπακτικών, να δημιουργηθεί ένα τοίχος αποτροπής υφαρπαγής του δικαιώματος στην κατοικία. 

Το κάθε σωματείο, η κάθε γειτονιά να γίνουν κάστρα του αγώνα. Είμαστε οι πολλοί, έχουμε το δίκιο με το μέρος μας, έχουμε τη δύναμη να τους αντιμετωπίσουμε. Αφού λοιπόν η αδικία έγινε νόμος, η αντίσταση είναι το καθήκον. 

ΑΠΑΙΤΟΥΜΕ: 

 Την αναστολή όλων των πλειστηριασμών, την καθολική προστασία της πρώτης κατοικίας, κούρεμα χρεών, διαγραφή τόκων και πανωτοκίων, ρυθμίσεις χωρίς προκαταβολές, να σταματήσουν οι εκβιασμοί στους οφειλέτες, ρυθμίσεις ρεαλιστικές και βιώσιμες με βάση τα σημερινά εισοδήματα των οφειλετών.

 ΚΑΝΕΝΑ ΣΠΙΤΙ ΣΕ ΧΕΡΙΑ ΤΡΑΠΕΖΙΤΗ - ΚΑΤΩ ΤΑ ΧΕΡΙΑ ΑΠ’ ΤΟΥ ΛΑΟΥ ΤΟ ΒΙΟΣ ΤΟ Δ.Σ.

 ΟΛΥΜΠΙΑΚΟ ΧΩΡΙΟ 28 /05/2023