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On this day: Greece declared bankruptcy in 1893

By Victoria Loutas.

“Regretfully, we are bankrupt.” The four words Prime Minister Charilaos Trikoupis uttered in Parliament on December 10, 1893, which became one of the most famous phrases in modern Greek history. 

There were several factors which led the Greek state to declare bankruptcy in 1893, primarily their excessive borrowing, the collapse of Greek currant export trade and the effects of the Long Depression. 

With hopes to modernise and grow the Greek economy, the ambitious Prime Minister Trikoupis had woefully over-borrowed. Trikoupis gambled on achieving economic development by means of attracting foreign investors and of infrastructure building.

Prime Minister Charilaos Trikoupis.

The low European interest rates at the time made Greece an attractive state for foreign investors to lend money to. But, by mid 1893, the majority of the borrowed funds were being used to pay off existing debt. This inevitably led to a vicious cycle of foreign debt. 

Like most European nations, the Greek state was severely impacted by the global impacts of the Long Depression, depreciating the Greek currency and negatively affecting Greek exports. 

On top of this, Greece’s most successful export trades, currants, unfortunately collapsed in the mid 1870s. Corinthian currents accounted for 50-70% of the total value of Greece’s exports, essentially being the backbone of the Greek economy. 

By the early 1890’s, the Greek currant export had completely fallen and created severe social and economic consequences. 

All of the above causes demonstrate extreme economic instability, ultimately forcing Prime Minister Trikoupis to declare bankruptcy in 1893. Foreign lenders acted in outrage, with fears for their own financial stability. 

In an effort to restore the economy, Trikoupis reduced interest rates of external loans by 70% and tried to reach a compromise between the Greek state and the capital owners. But he did not succeed. 

Greece was inevitably in a havoc at this time, as the citizens were dealing with an economic crisis, political instability and social unrest. The Greek population were subsequently extremely dissatisfied with their leadership. Trikoupis lost the 1895 election and sadly passed a year later.

It took the Greek state many years to overcome the impacts of the 1893 bankruptcy. 

‘It’s a mistake’: Victorian Opposition Leader on La Trobe’s attempt to discontinue Greek Studies

In a statement sent to The Greek Herald, the Victorian Opposition Leader, Michael O’Brien has expressed his concern that La Trobe university’s attempt to discontinue Modern Greek Studies is a ‘mistake.’

“I am concerned that La Trobe University has announced it will cease its Modern Greek studies course,” Mr O’Brien says in the statement.

“I believe this is a mistake for Victoria with its very significant Greek community and noting the enormous contribution to Melbourne, in particular, of the Greek diaspora.”

READ MORE: Federal MPs express disappointment over La Trobe’s proposal to cut Greek Studies.

The Opposition leader goes on to say that according to the Victorian Government’s Languages Provision in Victorian Government Schools, 2019 report, 5,454 students were enrolled to study Greek across more than 30 accredited community language schools last year.

“This was the second largest community language school enrolment in Victoria,” Mr O’Brien says.

“Given Victoria’s significant population of people with Greek background – and our deserved pride in being Australia’s multicultural capital – the retention of this course is important.

“Those with a Greek heritage should have the opportunity to study a language of cultural significance to them.”

READ MORE: Archbishop Makarios urges La Trobe to reconsider intention to terminate Greek Studies Program.

Full statement below:

Investigator’s documents kept out of Sam Duluk MP’s assault case against Connie Bonaros MP

The Speaker of South Australian Parliament’s Lower House has claimed parliamentary privilege over documents gathered by a private investigator into Sam Duluk MP, who allegedly assaulted another politician at a 2019 Christmas party.

Former Liberal, now independent, Mr Duluk fronted Adelaide Magistrates Court yesterday for the second time charged with one count of basic assault.

Mr Duluk will fight allegations he slapped SA Best MLC Connie Bonaros on the backside at an event at a Parliament House Christmas party last December.

He is yet to enter a plea to the charge.

Alleged victim and SA Best MP Connie Bonaros. Photo: Facebook.

In October, lawyers for Mr Duluk asked the court for access to documents from Paul Hocking of Quark & Associates, who conducted an independent investigation into the politician’s behaviour at the event.

Yesterday, the court heard those documents would be covered by parliamentary privilege and not released to Mr Duluk.

Damian O’Leary, for House of Assembly Speaker Josh Teague, told Magistrate John Fahey that his client had provided a letter to the court.

Sam Duluk (right) arriving at the Adelaide Magistrates Court this morning. Photo: ABC News / Meagan Dillon.

“[It] makes a claim that the documents in possession of Quark & Associates relate entirely to the investigative activities undertaken at the request of the former speaker [Vincent Tarzia],” he said.

“In that respect, the documents are only documents that have been brought into existence for the purposes of the investigation that has been made at the request of the [former] speaker and for reporting to Parliament.

“Therefore, it does, in my respectful submission, attract parliamentary privilege — the documents have been brought into existence for the purposes of Parliament.”

Lawyers for Mr Duluk told the court they did not plan to “press against the claim of parliamentary privilege.”

“As I understand it, everything returned is covered by a privilege — we’re not opposing that claim so the summons has been satisfied,” he said.

Police prosecutor Paul Tate agreed there was no opposition to the privilege claim.

Mr Duluk faces a maximum penalty of two years’ jail and will be back before the court in February.

Source: ABC News.

Murder sentence reduced for Amirah Droudis, former partner of Lindt siege gunman

The former partner of Sydney siege gunman Man Monis has had her jail sentence cut by almost a decade on appeal.

Amirah Droudis, 41, will now serve a minimum 26 years and three months behind bars for murdering Monis’ ex-wife so they could be together.

Droudis stabbed the woman 18 times and then set her body alight in her Werrington unit block in 2013.

Monis faked a car accident to give himself an alibi but he was the mastermind of the plan designed to secure custody of his two boys.

Amirah Droudis, the former partner of Lindt siege gunman Man Monis, has had her jail sentence cut by almost a decade.

He died in the Lindt siege before the case went to trial.

“Although the accused demonstrated an established pattern of acting at Monis’ behest, I do not consider that she was naive in her dealings with Monis,” Justice Peter Johnson found.

But on appeal Droudis argued the judge made an error when he found the death of Monis did not assist her.

The appeal court found his absence is relevant when it comes to assessing factors which includes her future dangerous to others.

“Although the applicant committed the murder of her own free will and to achieve a result she regarded as beneficial both to herself and Monis, the fact remains that Monis was the instigator of the crime,” the court found.

“His removal from her life does increase her prospects of rehabilitation.”

Although still adhering to Islam, the appeal court accepted she would not have committed the crime for purely ideological reasons.

“This is particularly the case when the evidence demonstrates that since she has been in prison the applicant has been a polite and co-operative prisoner,” the court found.

“There is nothing to indicate that she has expressed extremist views during her period in prison.”

Droudis was jailed in 2014 and with time served she will be eligible for parole in 2041.

Source: Nine News.

State Premiers send messages of hope to Greek Australians this Christmas

With Christmas Day fast approaching, the Premiers of New South Wales, Victoria and South Australia have all sent messages of hope to their respective Greek communities.

All three messages touch on the difficult year experienced by all due to the coronavirus pandemic, but say there is still a lot to be thankful for such as family and friends.

Here are their messages in full:

Gladys Berejiklian, NSW Premier:

In her Christmas message, the Premier of NSW, Gladys Berejiklian, thanked the Christian community for the “kindness and compassion” they extended to others during their time of need this year.

“In all that we have confronted in 2020 – bushfires, drought, floods and pandemic – you have shown a generosity of spirit that sustains us all,” Ms Berejiklian writes.

“It is a wonderful demonstration of your humanity and your faith.”

Ms Berejiklian then went on to wish everyone “a healthy and harmonious holiday season and a prosperous 2021.”

Full Message:

Daniel Andrews, Victorian Premier:

‘Kαλά Χριστούγεννα’ writes Victorian Premier, Daniel Andrews, in his Christmas message to Greek Australians this year.

Mr Andrews begins with the use of the Greek language and goes on to talk about the “strong bond” Australia continues to have with Greece despite the border closures this year.

“I’m proud that the heart of the Greek diaspora in Australia beats loudest and proudest in Victoria and I’m thankful for the way that Greek Victorians have shared their culture and way of life so generously,” Mr Andrews wrote.

The Premier continued by saying that although Christmas will be celebrated differently this year, with Zoom gatherings for example, there is still a lot to be thankful for such as good health and “delicious food around the table.”

Full Message:

Steven Marshall, Premier of South Australia:

In his special Christmas message to the Greek community of South Australia, Premier Steven Marshall wished everyone a “happy and safe festive season.”

He later congratulated the state’s Greek community for their contribution to Australia’s society.

“I congratulate and thank our vibrant Greek community of South Australia for the significant contributions you have made to multiculturalism in our state,” Mr Marshall writes.

“It is wonderful our Greek community can now come together and celebrate the festive season and the special traditions passed down from generation to generation.”

Mr Marshall later stressed the importance of spending time with friends, family and loved ones this Christmas, as well as spreading generosity to others, particularly those who are less fortunate.

Full Message:

Australia to benefit from Greece’s decision to lend artifacts to foreign museums for up to 50 years

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The Greek Parliament is to vote on Thursday on a bill which paves the way for the lending of ancient and modern Greek artifacts to foreign museums for up to 50 years.

The bill provides for the possibility of borrowing movable monuments from Greek museums for 25 years, with the possibility of extending for an additional 25 years.

The Ministry of Culture says this will allow the country to promote Greek art and culture on a global basis, especially in areas where there is a strong expatriate element such as Australia and the US.

“The museums of our country have tens of millions of movable monuments, which are kept in their warehouses,” the Ministry says in a statement.

“Of these, some, selected by the museums themselves and after obtaining the approval of the competent services of the Ministry of Culture and Sports and of course the Central Archaeological Council, in full application of the provisions of the Archaeological Law (Law 3028/2002), will be able to be exhibited as a single collection with long-term borrowing in museums or exhibition spaces abroad, necessarily retaining the name of the museum that lends its objects.”

READ MORE: ‘Bid for the Benaki’: Greek Museum launches online art auction.

The Benaki Museum is set to benefit from the new legislation.

The statement goes on to say the bill will specifically help the Benaki Museum, which has been approached by the Hellenic Museum of Melbourne to house some of its collection outside of Greece.

READ MORE: New Benaki Museum in Melbourne set to be first of its kind outside of Greece.

“In this way, the identity of the Greek community is strengthened, the comparative advantage of its homeland is highlighted in the best way and people all over the world come in contact with the Greek culture,” the Ministry says in a statement.

The current legal framework stipulates that an object can be transferred from a museum in Greece to a museum abroad for only five years, with the possibility of extension for another five years after a new decision. This limit is greatly expanded with the new proposed regulation.

EU to toughen sanctions on Turkish drilling, draft summit statement says

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The European Union will impose sanctions on more Turkish individuals and companies responsible for drilling in contested waters in the Mediterranean, according to a draft statement prepared for EU leaders to agree to at a summit on Thursday.

If agreed, the EU will “prepare additional listings” on the basis of a sanctions list already in place since 2019 and “if need be work on the extension” of its scope, the draft statement, as seen by Reuters, says.

Negotiations over the two-page statement are still ongoing and Greece and Cyprus, which accuse Turkey of drilling for hydrocarbons off its continental shelf, believe the sanctions do not go far enough, according to diplomats briefed on internal discussions.

READ MORE: The European Parliament votes in favor of sanctions against Turkey.

Tensions between Turkey and Greece escalated over the summer after Turkey sent Oruc Reis, escorted by navy frigates, into disputed waters.

This news comes in the face of Turkish President, Recep Tayyip Erdogan, brushing off possible European Union sanctions against Turkey on Wednesday, saying they would not affect his country.

Speaking to reporters before departing for a visit to Azerbaijan, Erdogan also accused the EU of acting “dishonestly” toward Turkey and of failing to keep its promises.

“Any decision to impose sanctions against Turkey won’t be of great concern to Turkey,” Erdogan told reporters.

READ MORE: Turkey rejects European Parliament call for sanctions.

Tensions between NATO allies Turkey and Greece escalated over the summer with a military build-up after Turkey sent Oruc Reis, escorted by navy frigates, into disputed waters.

The move prompted Greece to also send its warships and both countries conducted military exercises to assert their claims.

Turkey says it is standing up for its energy rights, as well as those of breakaway Turkish Cypriots, while Athens and Nicosia call Turkey’s actions an illegal incursion into areas where they have exclusive offshore exploitation rights.

READ MORE: EU threaten Turkey with sanctions if ships don’t withdraw from Greek waters.

Convicted paedophile Milton Orkopoulos avoids jail time after flouting parole rules

Disgraced former NSW Labor MP Milton Orkopoulos has avoided jail for flouting his reporting obligations as a convicted child sex offender, after a magistrate said the court’s power to impose a harsher sentence was “fettered”.

On Wednesday Local Court Magistrate Philip Stewart sentenced Orkopoulos to a two-year community correction order after convicting him of one count of failing to comply with his reporting obligations under the Child Protection (Offenders Registration) Act.

The charge related to the use of a non-authorised mobile phone with internet access to call his lawyer and his sister. This was a breach of his obligation to report to police details of “any carriage service used, or intended to be used” by him.

Milton Orkopoulos before arriving at Waverley Court for breaching bail conditions. In Sydney on January 22. (Isabella Porras/Sydney Morning Herald)

Orkopoulos pleaded guilty. During the sentencing process, the magistrate also took into account four other breaches, including setting up an Instagram account and speaking briefly to a child while on the phone to another adult.

The former MP was released on parole in December last year after serving 11½ years of his prison term of 13 years and eight months for sex offences against teenage boys and supplying them with drugs.

“Given the offender’s demonstrated attitude of ambivalence to his reporting obligations … I am unable to find that he is unlikely to reoffend,” Mr Stewart said.

He said 12 months’ imprisonment would “sheet home” to Orkopoulos the importance of compliance, and he was “not satisfied” the community would be protected by a non-custodial sentence when Orkopolous offended while on parole.

Disgraced former NSW Labor minister and sex offender Milton Orkopoulos is seen during his release from Long Bay Correctional Centre in Sydney, Friday, December 20, 2019. (AAP)

However, under the Crimes (Sentencing Procedure) Act, the Local Court was prevented from imposing a new term of imprisonment “in circumstances where the offender is serving a sentence of 5 years or more”. Orkopoulos’ existing sentence does not expire until next year.

“The unintended consequence … is that a person serving a lengthy sentence can avoid further custodial penalty when dealt with in the Local Court, whereas a person with a less significant record or no record at all could be imprisoned,” Mr Stewart said.

“This effectively provides impunity for some offenders on parole serving lengthy sentences, including Mr Orkopoulos,” he said.

Under the community correction order, Orkopoulos is not allowed to use an internet-enabled phone, must abstain from drug use, and must continue participating in rehabilitation programs.

The breaches of reporting obligations were considered parole breaches by the State Parole Authority and Orkopoulos’ parole was revoked until the matters were dealt with in court.

Sourced By: Sydney Morning Herald

Greek Fringe digital event set to showcase Cretan band from Melbourne

International art movement, Greek Fringe, is holding its next digital event on Friday, December 11 at 8.30pm (AEST), and there’s some amazing talent lined up.

First up is Greek folk-guitar band, Kadinelia, which features Thanasis Zikas and Evi Seitanidou. The duo are well-known for incorporating elements from blues, funk and gypsy music into their original tracks, while using only two guitars.

But during the Greek Fringe event, viewers can expect to see them introduce two new instruments – the tsabouna (the bagpipe of the Aegean) and the lyra of Pontus.

Greek folk-guitar band, Kadinelia. Photo supplied.

“We are very excited to participate in this initiative that vivifies the arts, especially in our days. In Greece, we are enduring the second lockdown and the future of actual live performances seems very uncertain. Virtual concerts offer at least a way for art to function and interact with people,” Thanasis and Evi from Kadinelia tell The Greek Herald exclusively.

“We have prepared a 45-minute set of our most beloved songs, with the two guitars on the frontline, but featuring also the Pontic-lyra and the tsabouna, the bagpipe of the Aegean.”

Their act will be followed by popular Cretan fusion band from Melbourne, Delyrium. The diasporic band embraces the gusty rhythms and driving grooves of Cretan music to produce a sound that connects the timelessness of folk music with the edginess of the now.

Some of Australia’s leading musicians feature in the band, including George Vardakis on the lyra and vocals, Paddy Montgomery plays the lute and does vocals, while Daniel Watkins plays the acoustic guitar.

With such a stellar cast lined up, we’re sure people will be rushing home on December 11 to attend the virtual event at 8.30pm. Tickets, which can be bought online via the website, are optional but encouraged to support the performing artists.

Sarikas family ‘thrilled’ after receiving ‘Pharmacy of the Year’ award at North Shore Business Awards

Bridgepoint Pharmacy owner John Sarikas expressed overwhelming thanks and gratitude towards his staff and customers after receiving the 2020 North Shore Local Business Award for ‘Pharmacy of the Year’.

John and his wife, Denise, were awarded the trophy on Monday at the Gala Presentation Evening. Speaking to The Greek Herald, John said he wanted to thank his staff for their “tireless efforts, commitment, and dedication this year”.

“As a very proud 3rd generation Australian born Greek, I’m thrilled to receive this award for Bridgepoint Pharmacy in Mosman,” John said to The Greek Herald.

Team photo of Bridgepoint Pharmacy in Mosman. Photo: Supplied

“This year, trading through Covid, has without a doubt been the most challenging in my 40 years of business.

“Winning Best Pharmacy in the North Shore in 2020 was a wonderful reward for providing and maintaining quality health care to our customers through this difficult time.”

John and Denise have owned the pharmacy for over two years, with this award being the first for the business since they took ownership. John added that the pharmacy underwent a major renovation last year, which helped them to provide quality service to their customers this year.

“We emphasise customer service as all good Greeks do, my wife and I work in partnership at the pharmacy and we work very hard,” John added.

The Bridgepoint Pharmacy in Mosman, Sydney, was one of up to thirty award recipients at the North Shore Local Business Awards ceremony.

Team photo of Bridgepoint Pharmacy in Mosman. Photo: Supplied