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List of All Articles with Tag 'eur'

Charting the Global Economy: Fed, ECB Press on With Rate Hikes
Charting the Global Economy: Fed, ECB Press on With Rate Hikes
The Federal Reserve, European Central Bank and Bank of Japan headlined a pivotal week for central banks, with
2023-07-29 17:25
KyivPride: Thousands to march in Ukraine Pride in Liverpool
KyivPride: Thousands to march in Ukraine Pride in Liverpool
The city is continuing the relationship built by hosting Eurovision.
2023-07-29 16:16
‘The season is over for us’: Greece prays for tourism as islanders sift through the ashes
‘The season is over for us’: Greece prays for tourism as islanders sift through the ashes
“And just like that, it’s gone”, 75-year-old Elpida Voyatzisaid said softly, standing outside her home in Kiotari – a town left devastated by the wildfires that raged for 10 straight days on the island of Rhodes. Where once stood land devoid of all but a single tree, Elpida and her husband have spent the past 20 years nurturing a bountiful farm, its acres of trees and vines bursting with grapes, olives, pomegranates and figs. While the flames stopped just a few metres short of her home and holiday apartments, behind her lay the burnt-out husks of close to a dozen houses overlooking the beach – the final point in a path of destruction forged by the fire at terrifying speed. The inferno’s rapid advance forced the mass evacuation of British tourists from resorts in the island’s southeast – with accounts of holidaymakers fleeing for miles along beaches in the middle of the night leading tour operators to cancel thousands of people’s trips this week. But with the blazes now largely under control, and the damage confined to just a handful of hotels, the fear for many residents is that tourists could be unnecessarily hesitant to visit the island – whose economy is almost entirely fuelled by the summer holiday trade. For those in the few villages hit by the fire, such as Kiotari, the impact is clear. “What a disaster,” said Elpida, adding: “We told [our rental apartment visitors] not to come, because what are they coming to? To see what sights? It’s going to be depressing for them. The tourist season is over for us.” Her daughter, Fedra, who emigrated from Canada with her husband to take over the farm just months ago, hopes that with regenerative practices it could take five years – rather than another 20 – to regrow. Her other income stream, a school she opened on the farm to teach locals lessons in English and outdoor education, has also been destroyed in the fire. “People’s livelihoods, they’re literally in ashes,” said Nicole, a 44-year-old wedding planner, whose home was among those in Kiotari reduced to rubble and embers by the fires. “If you have money, you can regain everything. If you don’t have money, I don’t know where you will start.” Pointing to the three months of €534 in support for those impacted by the fire announced by Greek labour minister Adonis Georgiadis, Nicole said of the wider community in Kiotari: “So we’re going to live on €1,500 euros for a family of five.” “We’re grateful for any help,” she added, “but it won’t sustain what people have lost.” Because of the mass evacuation and decision by tour operators to cancel holidays this week, those living in areas untouched by the fire are also feeling the squeeze, and are anxiously hoping visitor numbers will bounce back rapidly. Most businesses make their money for the year during the six summer months, with July and August the season’s peak, and those spoken to by The Independent in towns in the south of Rhodes without exception feared a difficult winter could lie ahead. “Rhodes is a huge island, but everyone is reliant on tourism,” said Antonis Chatzimichalis, a 21-year-old University College London Master’s student from the town of Archangelos, who had been volunteering at the evacuation centre set up there for displaced tourists and locals. “It’s like a chain – the suppliers, the local people, restaurants, everyone” needs tourism. Argedis and Katarini Ganotakis, aged 63 and 56, have owned hotels in nearby Pefkos since 2002, and run a restaurant in the picturesque cliffside village of Lindos, where British tourists were evacuated last week. While Lindos was untouched by the fire, the week’s cancellations had cost the family “a lot”, he said, adding: “If the lack of customers lasts five to 10 days, we can keep our staff. But longer – it’s a problem. If we go longer than 10 days without people in our hotels, the business cannot keep them on … [it] must close. Then everybody loses.” The owner of one of several gift shops in Lindos said her sales had fallen 70 per cent this week, while Mariana Nefeli, who has owned a neighbouring restaurant for 34 years, added: “After Covid it was two years without work, and now this happens again.” Eirini Kousoulini, a restaurant owner in Malonas, a village narrowly saved from the fire, said “everybody” is worried about a hit to tourism. The winter will be hard, she added, “because everything is very expensive – life, the supermarkets, electricity, everything … I have to work 18 hours here every day.” But Rhodes deputy mayor Konstantinos Taraslias was sanguine about the impact on those in areas not hit directly by the fires and cancellations. “The loss is in this area,” he said, circling the evacuated region on a map on his office desk. “Everything else is okay.” Other areas will only see a knock-on effect if “the tourists don’t book to come to Rhodes because they think it is a disaster [zone]”, he said, adding: “Of course that would be a catastrophe for the economy.” Pointing to the fact that just 10,000 of Rhodes’ 220,000 hotel beds are in the affected area, he insisted that some damaged hotels will reopen in just one or two weeks’ time, with hopes to extend this year’s tourist season until November. “We will lose seven days. Seven days is no problem,” he said. “Yesterday I was talking with the local Jet2 agent, and they said: ’Starting from Monday, business as usual.’ That’s a very good message, it’s very important.” Alongside the €534 payments, those who have seen their property and livelihoods destroyed by the fire “won’t have to pay taxes for a long time”, and the regional authorities will work to rebuild the surrounding area, Mr Taraslias said. But anger at the regional government is running high in Rhodes, with many blaming a sluggish initial response to the fire and poor forest management spanning decades for how far the blaze was able to spread. Alongside trained firefighters, the heroes of the hour are deemed across Rhodes to be the thousands of civilians who have fearlessly taught themselves to beat back the fires over 10 consecutive days and nights. “If we didn’t have all the volunteers, all of the island would have been burnt, that’s for sure,” said Stavros, a 48-year-old teacher from the northeastern city of Rhodes, as he rested in the frontline village of Vati between trips into the hills to douse new flare-ups with his 18-year-old son. As well as their homes and livelihoods, civilian firefighters in Rhodes have been fighting to protect the animals with whom they share the island, and whose charred carcasses were visible from the roadside earlier this week. Among them is the Dama-Dama deer, a protected species unique to Rhodes and viewed as a symbol of the island. Some had been taken to safety by volunteers, who left the animals bowls of water and food among the smouldering hills. Pantelis Saroukos, a volunteer firefighter, drove The Independent through nearby hills where he – along with many other beekeepers – had brought his hives each summer for the past five years, due to the abundant thyme growing there, now irrecoverably scorched by flames. “This is the worst sight to see,” he said, gazing at all that remained of the precious herbs. While Pantelis, aged 45, was able to rescue his hives before the fire reached them, a fellow beekeeper several kilometres away near the village of Asklipio was not so lucky. “If I was this beekeeper, I would not bring my bees back here ever in my life,” said Pantelis, lamenting that it would take 25 to 30 years for the landscape to regrow. “Maybe his grandchildren can.” He mused: “Prime Minister Kyriakos Mitsotakis was proud to say no lives were lost before the Canadair crash [which killed two pilots near Athens this week]. But I don’t know if someone told him about the deer, donkeys, tortoises ... thousands of animals have been killed.” A fish farmer by trade, Pantelis expressed concern over the toxic impact of the fire debris upon the fish and other aqautic life as it washes into the rivers and sea. He is not alone in fearing what autumn’s rains will bring – with several locals warning that the first heavy rainfall on drought-parched and fire-scorched earth could cause floods and landslides, hitting towns and villages, as happened after last year’s huge fires in Evia, near Athens. Work is under way to prevent flooding with irrigation channels to steer rainwater away from settlements, the deputy mayor said, stressing the importance of properly clearing the area of debris and carefully planning how the forests should be regrown. Noting that a discussion around better forest management must take place, Mr Taraslias criticised a belief among officials that preserving nature meant not cutting a single more tree than necessary. “We must find a way to clean the forests” rather than allow them to become dense with flammable pine needles, he said. But some of the island’s residents, encouraged by the huge community push to fight this month’s wildfires – and who currently risk breaking the law by cutting down trees to create firebreaks – are eager to ensure that Rhodes does not suffer such a tragedy again. “We have to better protect the forests … for our children, for our futures,” said Pantelis, driving through the incinerated landscape as embers smouldered and firefighting planes flew in the skies above. “We cannot wait for the government. We should take our future into our own hands.” Read More The climate crisis will irrevocably change how we holiday: Here’s what the future of travel looks like Britons face ‘absolute nightmare’ trying to get refunds for Rhodes holidays Winds fuel fire flare-ups in Rhodes as state of emergency declared across island More than 40 people killed as wildfires rage in nine Mediterranean countries in record heatwave
2023-07-29 15:50
Europe Faces ‘Difficult Decade’ Against US, China, Port CEO Says
Europe Faces ‘Difficult Decade’ Against US, China, Port CEO Says
Europe’s car and chemical makers are at risk of losing competitiveness to China and the US as both
2023-07-29 14:24
Russia-Ukraine war – live: Putin ‘threatening civilian ships in Black Sea’ as Kyiv makes battlefield advances
Russia-Ukraine war – live: Putin ‘threatening civilian ships in Black Sea’ as Kyiv makes battlefield advances
Vladimir Putin has been accused by a Ukranian official of threatening civilian boats in the Black Sea in the aftermath of Russia’s withdrawal from the UN-brokered deal that allowed safe passage of grain. The official accused the Russian president on Friday of deploying “the methods of terrorists” and said ships heading to Ukrainian seaports could be considered military targets. “Russian warships are threatening civilians in the Black Sea, violating all norms of international maritime law,” Andriy Yermak, head of Volodymyr Zelensky’s office, wrote on the Telegram messaging app. In a separate statement, Ukraine‘s border guard service said it had intercepted a warning communicated by Russia to a civilian vessel passing near a Ukrainian port on Thursday. It did not identify the name of the ship or the port, but said: “The aggressor’s warships continue to behave brazenly and audaciously in the waters of the Black Sea, violating all the norms of international maritime law”. Russia did not immediately respond to Yermak’s comments or to the border guard service’s statement. Mr Putin is meeting with African heads of state on Friday. Read More Even Putin admits Ukraine has stepped up attacks on Russia’s forces – but progress will be slow Putin promises grain aid to Africa despite withdrawing from Ukraine deal Ukrainian fencer disqualified from world championships for refusing handshake with Russian opponent Russian defence minister meets Kim Jong-un during visit to arms exhibition in North Korea
2023-07-29 02:23
Ukraine’s troops advance around Bakhmut despite intense artillery fire from Russia’s forces, military say
Ukraine’s troops advance around Bakhmut despite intense artillery fire from Russia’s forces, military say
Kyiv's troops are pushing through heavy intense artillery fire from Russian forces to advance in the east of Ukraine, the commander of the country's armed forces has said. Colonel General Oleksandr Syrskyi said that despite meeting stuff resistance, Ukraine's ground forces are making "gradual advances in the direction of Bakhmut in the eastern Donetsk region. The city, which is now occupied by Russian forces, has gained symbolic significance for both Kyiv and Moscow having been the scene for some of the most intense fighting of the war. "The enemy fiercely clings to every centimetre, conducting intense artillery and mortar fire," Col Gen Syrskyi said in a statement. It comes after Ukrainian President Volodymyr Zelensky posted a video late on Thursday night in which Ukrainian soldiers said they had taken the village of Staromaiorske, which sits in the western park of Donetsk region the opposite side to Bakhmut. Russian military bloggers said artillery fire at the Ukrainian troops had effectively razed the village and reported more barrages Friday. Capturing the village, which is south of a cluster of settlements that Ukraine capture at the beginning of its counteroffensive last month, would give Ukraine a platform to push deeper into Russian-held territory. Fighting has intensified at multiple places along the more than 600-mile frontline, where Ukraine deployed its recently acquired Western weapons to push back Russia's troops. That includes the southern Zaporizhzhia region. However, Kyiv's troops are attacking without the air support it says is vital – and face an enemy that has had months to fortify their positions as Ukraine prepared its counter punch. Russia is trying to hold on to the territory it controls in the four provinces it illegally annexed in September: Zaporizhzhia, Donetsk, Kherson and Luhansk. Col Gen Syrskyi said fighting that targets the enemy's artillery as well as its command and control structure is a priority as his troops probe Russian lines for weaknesses. "In these conditions, it is crucial to make timely management decisions in response to the situation at hand and take measures for maneuvering forces and resources, shifting units and troops to areas where success is evident, or withdrawing them from the enemy's fire," he said. Elsewhere, Mr Zelensky marked Ukraine's Statehood Day – which coincides with commemorations of the adoption of Christianity on lands that later became Ukraine, Russia and Belarus – by reaffirming the country's sovereignty. His words were a rebuke to Russian President Vladimir Putin, who used his claim that Ukraine didn't exist as a nation to justify his invasion. "Now, like more than a thousand years ago, our civilizational choice is unity with the world," Mr Zelensky said in a speech on a square outside St. Michael's Monastery in Kyiv. "To be a power in world history. To have the right to its national history, of its people, its land, its state. And of our children, all future generations of the Ukrainian people. We will definitely win!" Moscow also accused Kyiv of firing two missiles at southern Russia, with the Defence Ministry said it shot down a missile in the city of Taganrog, about 20 miles east of the border with Ukraine, and local officials reported 20 people were injured. The Russian Defence Ministry later said it downed a second missile near the city of Azov. Ukraine's secretary of the National Security and Defense Council, Oleksiy Danilov, blamed Russian air defense systems for the explosion in Taganog. Separately, an explosion was reported to have hit an oil refinery in the southwestern Russian city of Samara. In St Petersburg, African leaders pressed Russian President Vladimir Putin to move ahead with their peace plan aimed at ending Russia's invasion and to renew a deal on the export of Ukrainian grain that Moscow tore up last week. While not directly critical of Russia, the words on the second day of a summit with Mr Putin were more forceful than those previously voiced. "This war must end. And it can only end on the basis of justice and reason," African Union Commission Chairman Moussa Faki Mahamat said. At the summit, Egyptian President Abdel Fatah al-Sisi urged Russia to revive the Black Sea grain deal. Since withdrawing from the deal, Russia has bombed Ukrainian ports and grain depots. Mr Sisi, whose country is a big buyer of grain via the Black Sea route, told the summit it was "essential to reach agreement" on reviving the deal. A senior Ukrainian official accused Russia on Friday of threatening civilian vessels in the Black Sea, urging the international community to condemn Moscow's actions. Associated Press and Reuters contributed to this report Read More The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary Baby died after ‘extremely vulnerable’ mother gave birth alone in prison G20 ministers reach agreement on most, but not all, climate issues Why is Wagner chief Yevgeny Prigozhin back in Russia?
2023-07-29 00:47
London’s Contentious ULEZ Policy Ruled Lawful by London Judge
London’s Contentious ULEZ Policy Ruled Lawful by London Judge
The Mayor of London’s plans to expand a contentious charge on drivers of older, more polluting cars to
2023-07-28 17:48
Dublin police to receive €10m to target street crime
Dublin police to receive €10m to target street crime
It comes as an American tourist remains in a serious condition after he was assaulted last week.
2023-07-28 17:29
European Stocks Track Longest Weekly Winning Streak Since April
European Stocks Track Longest Weekly Winning Streak Since April
European stocks were lower on Friday, although still on track to complete their third straight weekly gain in
2023-07-28 17:23
Bonds Extend Selloff as BOJ Tweaks Yield Control: Markets Wrap
Bonds Extend Selloff as BOJ Tweaks Yield Control: Markets Wrap
Bonds around the world extended a retreat as the Bank of Japan, so far a holdout on ultra-loose
2023-07-28 16:58
Europe Wildfire Risk Spreads to French Riviera as Heat Retreats
Europe Wildfire Risk Spreads to French Riviera as Heat Retreats
Europe’s wildfire threat is spreading to the French Riviera, while firefighters in Greece battle more than 100 blazes.
2023-07-28 16:16
Sweden’s GDP Shrinks More Than Expected, Fueling Recession Risks
Sweden’s GDP Shrinks More Than Expected, Fueling Recession Risks
Sweden’s economy had its biggest contraction since the pandemic in the second quarter, reviving prospects of a hard
2023-07-28 14:19
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