Two hundred and forty seven exhibitors, representing over 1000 local and international companies, will participate in the 37th Cyprus International Fair, which opens its doors today and will remain open until the 27th of May. The state fair will be officially inaugurated by President of the Republic of Cyprus Demetris Christofias, in the presence of [...]
Despite London-like Rain, Athens Hands Olympic Flame Over to UK
Despite the rainy weather, thousands of Athens’ residents gathered at Panathenaiko Stadium on May 18 ...
Merkel Phones Carolos Papoulias, Calls for Stable Government
Chancellor Angela Merkel called for a stable Greek government to be formed quickly after new elections in a telephone call with President Carolos Papoulias on Friday, a German government spokesman said. “The chancellor had a telephone conversation on Friday morning with Mr Papoulias,” deputy government spokesman Georg Streiter told a regular news conference here. “She [...]
WSJ: A Defiant Message From Greece
The head of Greece’s radical left party—throwing down a gauntlet that could increase tensions between Greece and its frustrated European creditors—said he sees little chance Europe will cut off funding to the country but that if it does, Athens will stop paying its debts. A financial collapse in Greece would drag down the rest of [...]
IMF to Review Greek Progress After June Elections
The International Monetary Fund will not return to Greece to review its loan program before Athens holds fresh elections on June 17, an IMF official said on Thursday. “We take note that elections have been called and we look forward to being in contact with the new government when it has been formed,” David Hawley, [...]
The Economist: ‘The Greek Run and the GREXIT’
The British magazine The Economist published an article about the Greek crisis, showing a 20-Euro-note burning by the flame of an Olympic torchbearer. Titled “The Greek Run,” the article reports on “the ugly term for what may soon become an even uglier reality: Greece’s departure from the euro zone” or else, “GREXIT.” But the runner [...]
Hooligans Cause Basketball Game to Be Postponed
Last Sunday, fans of Olympiakos were celebrating the team’s great achievement – it was crowned European Champion! But hooligans now decided to destroy tonight’s game. They threw stones against the van carrying Panathinaikos’ players to the basketball court. Glasses were broken, two basketball players – Perperoglou and Smith – were injured and were transferred to [...]
Poll Shows Greece Electing Pro-Bailout Government
Greek voters are returning to the establishment parties that negotiated its bailout, a poll showed on Thursday, offering potential salvation for European leaders who say a snap Greek election next month will decide whether it must quit the euro. The poll, the first conducted since talks to form a government collapsed and a new election [...]
Fitch Cuts Greece’s Rating on Euro Zone Exit Risk
Fitch Ratings Agency on Thursday downgraded Greece’s credit rating to CCC from B-minus, citing the heightened risk that the country might have to leave the euro zone. The failure by Greek politicians to form a government underscores a lack of public and political support for an austerity program, Fitch said in a statement explaining the [...]
Tsipras Gives Interview to CNN, Discusses Keeping Greece in the Eurozone
Alexis Tsipras, head of SYRIZA, said on Wednesday that the radical left coalition wanted to put an end to austerity, keep Greece in the Eurozone and strike new alliances to overcome the crisis, in an interview he gave to CNN giving a strong message to the American and international audience. “We will do whatever we [...]
Golden Dawn Targets Greek Homosexual Community
Greek nationalist group Golden Dawn has stirred up controversy and turmoil once again by publicly taking a rigid stance against the “sick and abnormal” homosexuals. Despite the international medical associations declaring homosexuality a personal and free choice of sexual behavior, the General Secretary of the far-right party told reporter Stavros Theodorakis during an interview that [...]
Turkish Minister of European Affairs: ‘Greece Should Start Focusing on Its Economic Crisis’
”I hope that Greece will stop dealing with the name of ‘Macedonia,’…and start focusing to its economic crisis,” the Turkish Minister of European Affairs, Egemen Bagis, commented regarding the recent decision for a new election on June 17 after his meeting with the FYROM Ministry of Foreign Affairs, Nikola Poposki, to Angara. He added that [...]
Voters’ Support For Leftist Anti-Austerity Syriza Grows
Support for the Greek leftist Syriza party, which was the second-most popular party in elections earlier this month, has grown even more, a new poll showed Thursday, indicating that it would garner the most support in a fresh vote mid-June. Anti-austerity Syriza would receive 22% of the vote if elections were held today, more than [...]
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