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Former US President Barack Obama in Athens

Former US President Barack Obama is in Athens on Wednesday, where he is to meet 105 fellows of the Obama Leaders programme.

The meeting marks the completion of the six-month journey of the participants in the programme for 2023. Barack Obama will talk with them about their actions in the direction of development and acceleration of positive and lasting change in their communities.

Among the 105 fellows of 2023, who come from 75 countries, is a Greek woman, Elpida Kokkota, founder and CEO of the non-profit organisation "Mexoxo", which aims to strengthen female entrepreneurship.

On Thursday, the Barack Obama will participate in the SNF Nostos Conference on Mental Health at the Stavros Niarchos Foundation Cultural Center. There, he will talk on stage with SNF Co-President Andreas Dracopoulos for a one-on-one keynote conversation focused on how to strengthen democratic culture and the importance in investing in the next generation of leaders.

The difference between ND - SYRIZA widens - The parties entering Parliament

In the run-up to the June 25 elections, party staffs are gearing up to ensure that not a single vote is lost. It is considered certain that the result of the May 21 election will not be overturned, but the fear of abstention is palpable and, together with the undecided voters, will play an important role. Not in terms of ND's primacy, but in terms of the level of self-reliance, in terms of the percentages of SYRIZA and its difference with PASOK, as well as in terms of the number of parties that will cross the 3% limit and enter in Parliament.

Greek Banks: New rates – targets from international banks

The Athens Stock Exchange, with a weekly increase of 4.83% and total gains of 37.4% this year, may be at the top of the global returns moving to new 9-month highs, but Greek banking shares with gains of over 60% are the ones that outperform as they remain the market locomotive.

The Goldman Sachs conference

The Greek bankers, who were also present at a recent investment conference of Goldman Sachs in Paris, were a pole of attraction for the participants, estimating among other things that the country will regain the investment grade in September or around this period, while the status of "investment grade" will open the door to upgrades in the credit rating of banks and Greek companies, as a result of which they estimate that the new bond issues they will proceed with will take place at a lower cost.

The investment grade

It should be noted that JP Morgan also predicts that with the ability to form an independent government by New Democracy after the second ballots, Greece will regain the status of "investment grade" from DBRS on September 8 and from S&P and Fitch on October 20 and December 1 respectively, which it is expected to lead to the attraction of new investment funds in all domestic assets, thus stimulating investment and liquidity in the entire economy. At the same time, foreign ratings agencies are increasing their target prices for bank shares.

Overweight for Piraeus and Eurobank

Morgan Stanley e.g. recommends "increasing positions" ("overweight") for the shares of Piraeus and Eurobank, with new target prices in its base scenario of 4.04 euros and 2.10 euros respectively, and recommending "positions commensurate with the market" (" equal-weight") for the shares of Alpha Bank and National Bank, with target prices in the base scenario of 1.98 euros and 7.05 euros respectively.

Based on three scenarios, it calculates at average levels that Greek banking shares show margins of 40% rise in the base scenario and 69% in the bull scenario, but also 48% fall margins in the bear scenario.

Ambrosia Capital also maintains a “buy” rating on Greek bank shares with target prices of 1.90 euros for Alpha Bank, 2.05 euros for Eurobank, 7.95 euros for National Bank and 3 .95 euros for Piraeus.

Alpha Bank is in the top 10 picks

JP Morgan ranks Alpha Bank's share among the 10 top picks from the entire CEEMEA region (Central and Eastern Europe, Middle East and Africa), considering the target for a RoTE of 12% until 2025 to be reliable.

At the same time, he recognizes the positive prospects of the Greek economy, emphasizing his preference for the banks, which he sees as being favored by the favorable macroeconomic environment and the possibility of a strong government. Also of particular importance is JP Morgan's assessment that placements in Greek banks will accelerate in the next period.

He found his brother whom he thought had drowned in the shipwreck at Pylos

Anxiety is at its peak for the missing persons from the shipwreck that occurred in the early hours of Wednesday (14/6) off Pylos. So far the toll amounts to 78 dead, while 104 people have been rescued.

At the same time, relatives continued to come to the port of Kalamata to look for their relatives. Among them Fardi, who stood on the railings that had been set up and tried to hug his brother Mohammed who was rescued from the wreckage.

The moment he met his brother

With tears in their eyes the two brothers held each other's faces and embraced. Fardi, a Syrian refugee, came from the Netherlands to search for and eventually find his 18-year-old brother Mohamed who was aboard the sunk fishing vessel. Mohammed was on the ill-fated fishing boat that sank, trying to reach Italy. He never got there, but he was saved.

The scene of the two brothers' warm embrace in front of the camera is particularly touching

Earlier, the rescued migrants from the shipwreck off Pylos left the port of Kalamata. A total of 68 people are currently being transported to the Malakasa facility, including some juveniles who will be initially transported to Malakasa to complete identification procedures and then transferred to juvenile facilities.

Shortly after 8:30 the migrants, aged between 16 and 40, began to board the buses. Earlier they had gone outside the area that had been set up and were living, bagging whatever personal belongings they managed to salvage after the wreck and waiting to give their details.

Looking for their relatives

At the same time, relatives of the migrants - who each paid thousands of dollars to cross into Europe - have gathered in Kalamata in search of their own people

Kassem Abu Zeed told The Associated Press that he took the first flight from Germany to Greece after realizing his wife and brother-in-law were on that ship.

"The last time we spoke was 8 days ago and my wife told me she was getting ready to board the boat," said Abu Zeed. “He had paid $5,000 to the smugglers. And then we all know what happened."

As he told the Associated Press, among the missing is his 21-year-old wife Esra Aoun

Abu Zeed, a 34-year-old Syrian refugee living in Hamburg, said Esra Aoun, 21, and her 19-year-old brother, Abdullah, risked the dangerous crossing from Libya to Italy after they were unable to find a legal way to meet him in Germany.

The chances of Abu Zeed's wife being among those rescued from the wreck are slim. None of the rescued were women.

Now he hopes Abdullah may be among the men from Syria, Egypt, Pakistan and the Palestinian territories who are being temporarily housed in a Kalamata warehouse or recovering in hospitals from hypothermia and exposure.

At least 40 children were on board

The UN's migration agency, known as IOM, estimated the number of passengers based on interviews with survivors and said the number of passengers included at least 40 children.

Erasmia Roumana, head of the UN refugee agency's mission, said many of the survivors have friends and relatives who are missing.

"They want to get in touch with their families to tell them they are okay and they keep asking about the missing," said Roumana.

Syrian man believes he saw his nephew in survivor photos

Mohamed Abdi Marwan, who spoke by phone from Kobani, a Kurdish-majority city in Syria, said five of his relatives were on board, including a 14-year-old. Marwan said he hasn't heard anything from them since the boat sank.

He believes his nephew Ali Sheikhi, 29, is alive after family members identified him in photographs of survivors, but this has not been confirmed.

“These smugglers were supposed to have only 500 people on board and now we hear it was 750. What is this? Are they animals or people? How can they do this?' Marwan stated. He said each of his relatives paid $6,000 for the trip.

 

 

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