Thursday May 28, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Basketball federation slams state subsidy proposal

The Hellenic Basketball Federation on Monday described as unacceptable the proposed financial subsidy from the state for 2013.

In a letter sent to the Deputy Minister for Sports Yiannis Ioannidis, the federation said the 1.7 million euros proposed for this year was much lower than the 4.2 million euros given last year.

"The sports federations are the institutional representatives of Greek sport and in no circumstances can they be regarded as beggars, read a letter from the federation.

Basketball is the second most popular sport in Greece after soccer, and the national team is among the world's best, finishing runners-up in the 2006 World Championship and twice European Champions in 1987 and 2005.

The financial crisis in the country has led to the General Secretariat of Sports making drastic cuts in subsidies to the sports federations.

Last week the newly re-elected president of the Hellenic Olympic Committee Spyros Capralos had warned that very tough times lay ahead for all sports.

He said the deep cuts in government grants for sports federations may lead to their presidents in danger of facing jail terms for mounting debts.

"Last year for the badminton federation which I represent we had a government grant of 180,000 euros. This year we will be getting only 30,000 euros.

"How can we send athletes to competition abroad with such a small budget? Many small federations are on the brink of shutting down, Capralos said.

[AFP]

ekathimerini.com , Monday February 18, 2013 (20:39)  
Panathinaikos conquers PAOK through Tavlaridis goal
AEK Athens returns to top league after financial collapse
Berg brace gives Panathinaikos four-point lead
Reds add Cup to league trophy with 3-1 win over Xanthi
Heavy rain hampers traffic, power supplies
Heavy rainfall led to traffic being interrupted on Pireos Street between Petrou Ralli and Chamosternas Streets in central Athens on Thursday. Stormy conditions also resulted in delays to the...
Anastasiades, Akinci agree on new crossings on divided island
The Greek and Turkish Cypriot leaders agreed Thursday to open more crossing points and link the mobile phone and electricity networks to help restore trust between their estranged communitie...
Inside News
Greek design picked for commemorative euro coin
Greece's future in the euro may be in doubt, but the EU has nevertheless picked a Greek design for a special coin for the 30th anniversary of the bloc's official flag. With no discernible ir...
ECB officials say no to easier funds for Greece now
European Central Bank policymakers played down the prospects of any immediate loosening of funding for cash-strapped Greece, saying that when it came to accepting the country's bonds as secu...
Inside Business
COMMENTARY
Greeces Cuban pathway to a parallel currency
The idea of a parallel currency for Greece is worthy of consideration, with even German Finance Minister Wolfgang Schaeuble broaching the possibility as Greece fails to reach an agreement wi...
COMMENTARY
Endless confusion and worry
The Holy See on Wednesday expressed its own view regarding the Greek crisis. Cardinal Pietro Parolin the Vaticans equivalent of prime minister voiced his concern over ongoing negotiatio...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greek design picked for commemorative euro coin
2. Heavy rain hampers traffic, power supplies
3. Anastasiades, Akinci agree on new crossings on divided island
4. Greek govt says hopes for deal with lenders by Sunday
5. Less than one-in-three chance of Greece leaving eurozone this year
6. ECB officials say no to easier funds for Greece now
more news
Today
This Week
1. Endless confusion and worry
2. G-7 weighs in on Greece as Tsipras government told to be serious
3. ECB's Nowotny says no to loosening funding for Greece now
4. Lagarde says still much work to do in Greek debt talks
5. Following up on a positive step
6. Greek bank losses show predicament amid record outflows
Today
This Week
1. Conspiracy madness
2. Hotel contracts with a Greek default clause
3. Neither Grexit nor a dual currency will solve Greeces problems
4. No more 'quick and dirty' fixes for Greece
5. Some 300 mln left banks on Tuesday
6. Merkel said to plan address for Greece if deal reached
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.