Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > PM apologises as Greece counts costs of wildfire catastrophe
    Top Stories

    PM apologises as Greece counts costs of wildfire catastrophe

    PM apologises as Greece counts costs of wildfire catastrophe

    Published by Jessica Weisman-Pitts

    Posted on August 9, 2021

    Featured image for article about Top Stories

    By Lefteris Papadimas

    PEFKI, Greece (Reuters) -Greek Prime Minister Kyriakos Mitsotakis apologised on Monday for failures in tackling the devastating wildfires that have burned across Greece for the past week as the country counted the cost in lost homes and livelihoods.

    As fires burned unabated in many parts of the country for a seventh day, the biggest front was on Evia, Greece’s second-biggest island located just off the mainland east of Athens.

    “It burned everything, there’s nothing left,” said 77-year-old Makis Ladogiannakis, sitting in a cafe in the seaside town of Pefki, where a ferry waited to evacuate more locals and tourists to safety if needed, as in previous days.

    “The fire was the biggest catastrophe for the village,” he said. “People lived off resin production and the olive trees.”

    More than 500 fires have been burning across Greece, forcing the evacuation of dozens of villages and thousands of people and there has been growing public anger at delays and breakdowns in the government’s response.

    Mitsotakis went on television late on Monday to make a public apology and promised that mistakes would be identified and rectified but called for unity.

    “I fully understand the pain of our fellow citizens who saw their homes or property burned,” he said. “Any failures will be identified. And responsibility will be assigned wherever necessary.”

    Mitsotakis promised that forests destroyed by the fires would be restored and climate defences be built up, and he pledged compensation for those whose property was destroyed in the fires.

    He approved a 500 million-euro package of aid for Evia and the Attica region around Athens. Ministers were due to meet on Tuesday to discuss further support measures. [L8N2PG55U]

    CHILDHOOD MEMORIES

    Strong winds on Monday fuelled flare-ups on Evia after appearing to ease earlier in the day. Water-bombing aircraft struggled to operate because of the large plumes of smoke blanketing the area, authorities said.

    The fires broke out last week during Greece’s worst heatwave in three decades, with searing temperatures and dry heat causing tinder box conditions.

    “The climate crisis is knocking on the door of the entire planet,” Mitsotakis said, just hours after a U.N. report said global warming was dangerously close to being out of control.

    Temperatures had cooled somewhat in Greece, but were forecast to rise again during the week, meaning the risk of flare-ups remained high.

    “It’s sad. All my childhood memories are burned right now,” said Richard Konstantine Allen, who lives in Athens but went back to try to save his property. “I used to run in this forest, to cycle to collect fruit, now everything is gone.”

    In Athens, officials began to assess the damage from a blaze which tore through several suburbs north of the city last week before beginning to recede on Saturday.

    “Our aim is to complete the inventory as soon as possible, in order to immediately begin the process of compensating our affected fellow citizens,” the ministry of infrastructure and transport said in a statement.

    The blaze, which broke out on the foothills of Mount Parthina on the outskirts of the capital, sent thousands of people fleeing and damaged homes and businesses as well as thousands of hectares of forest land.

    Almost 1,000 firefighters, nine aircraft and 200 vehicles have been sent to Greece from other European countries to help with the wildfires. In addition, Greece said on Monday it was expecting two aircraft from Turkey and an additional plane from Russia.

    More than 2,000 residents and tourists have been evacuated by ferry since last Tuesday – the images of them departing against the backdrop of a dark red sky becoming emblematic of the blazes.

    (Writing by Karolina Tagaris; Editing by Mike Collett-White and Alison Williams)

     

    By Lefteris Papadimas

    PEFKI, Greece (Reuters) -Greek Prime Minister Kyriakos Mitsotakis apologised on Monday for failures in tackling the devastating wildfires that have burned across Greece for the past week as the country counted the cost in lost homes and livelihoods.

    As fires burned unabated in many parts of the country for a seventh day, the biggest front was on Evia, Greece’s second-biggest island located just off the mainland east of Athens.

    “It burned everything, there’s nothing left,” said 77-year-old Makis Ladogiannakis, sitting in a cafe in the seaside town of Pefki, where a ferry waited to evacuate more locals and tourists to safety if needed, as in previous days.

    “The fire was the biggest catastrophe for the village,” he said. “People lived off resin production and the olive trees.”

    More than 500 fires have been burning across Greece, forcing the evacuation of dozens of villages and thousands of people and there has been growing public anger at delays and breakdowns in the government’s response.

    Mitsotakis went on television late on Monday to make a public apology and promised that mistakes would be identified and rectified but called for unity.

    “I fully understand the pain of our fellow citizens who saw their homes or property burned,” he said. “Any failures will be identified. And responsibility will be assigned wherever necessary.”

    Mitsotakis promised that forests destroyed by the fires would be restored and climate defences be built up, and he pledged compensation for those whose property was destroyed in the fires.

    He approved a 500 million-euro package of aid for Evia and the Attica region around Athens. Ministers were due to meet on Tuesday to discuss further support measures. [L8N2PG55U]

    CHILDHOOD MEMORIES

    Strong winds on Monday fuelled flare-ups on Evia after appearing to ease earlier in the day. Water-bombing aircraft struggled to operate because of the large plumes of smoke blanketing the area, authorities said.

    The fires broke out last week during Greece’s worst heatwave in three decades, with searing temperatures and dry heat causing tinder box conditions.

    “The climate crisis is knocking on the door of the entire planet,” Mitsotakis said, just hours after a U.N. report said global warming was dangerously close to being out of control.

    Temperatures had cooled somewhat in Greece, but were forecast to rise again during the week, meaning the risk of flare-ups remained high.

    “It’s sad. All my childhood memories are burned right now,” said Richard Konstantine Allen, who lives in Athens but went back to try to save his property. “I used to run in this forest, to cycle to collect fruit, now everything is gone.”

    In Athens, officials began to assess the damage from a blaze which tore through several suburbs north of the city last week before beginning to recede on Saturday.

    “Our aim is to complete the inventory as soon as possible, in order to immediately begin the process of compensating our affected fellow citizens,” the ministry of infrastructure and transport said in a statement.

    The blaze, which broke out on the foothills of Mount Parthina on the outskirts of the capital, sent thousands of people fleeing and damaged homes and businesses as well as thousands of hectares of forest land.

    Almost 1,000 firefighters, nine aircraft and 200 vehicles have been sent to Greece from other European countries to help with the wildfires. In addition, Greece said on Monday it was expecting two aircraft from Turkey and an additional plane from Russia.

    More than 2,000 residents and tourists have been evacuated by ferry since last Tuesday – the images of them departing against the backdrop of a dark red sky becoming emblematic of the blazes.

    (Writing by Karolina Tagaris; Editing by Mike Collett-White and Alison Williams)

     

    Related Posts
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Top Stories PostDelta variant pushes U.S. cases, hospitalizations to 6-month high
    Next Top Stories PostCoffee and croissant in a French cafe? You’ll need a COVID pass for that

    More from Top Stories

    Explore more articles in the Top Stories category

    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference

    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    View All Top Stories Posts