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Greece

George Stathakis: Government Is Discussing Road Map on Loosening Capital Controls

The government is discussing a road map on loosening capital controls, Economy Minister George Stathakis said in an interview with Star TV late on Monday. Stathakis underlined that the participation of the Greek banks in ECB quantitative easing programme, the...

Economy Minister George Stathakis Refutes Reports on Greek Debt Sustainability

Economy Minister George Stathakis called "out of place" and "misleading" reports on an alleged "reversal of the Greek government’s position on the debt." According to reports, Stathakis speaking on Tuesday at the Greek-German Business Forum organized by the Economist in...

Economy Minister Stathakis Says that Economic Stability Will Pave the Way for Debt Restructuring

"Today we start talks to complete the first review," Economy, Development and Tourism Minister George Stathakis said on Wednesday. Addressing a "Digital Economy Forum 2016 - The restart is digital," organized by the Federation of Information Technology and Communications Enterprises...

Stathakis Confident in Government in the Face Of Pension Reforms

The vote on pension reforms will not shake the government's majority, Economy Minister George Stathakis predicted on Sunday while talking on the "Mega Weekend" television show. Defending the government’s approach, he said SYRIZA’s Parliamentary group would support the changes. He...

Greek Economy Minister Stathakis Unveils Plans for Borrowers' 'Safety Net'

Laws creating a permanent "social security safety net" to support vulnerable bank debtors will be prepared by next November, Economy, Development and Tourism Minister George Stathakis said in an interview with the Sunday edition of the newspaper "Ethnos". Outlining the...

Greece Signs Historic Agreement To Explore Natural Resources South of Crete

Greece signed a formal agreement on Thursday with the companies ExxonMobil, Total and Hellenic Petroleum (ELPE) to research and exploit the natural resources located south and west of the island of Crete, in the Mediterranean Sea. Many high-ranking officials, including Greek...

Environmental Organization Warns of Risks in Greek Plans to Drill Off Crete

The Greek office of the World Wildlife Fund (WWF Hellas) issued a statement on Wednesday warning of ''huge environmental and economic risks to the detriment of Crete and the rest of Greece.'' The remarks came as Greek authorities are proceeding...

"East Mediterranean Gas Forum" Meets for First Time in Cairo

The energy ministers of Greece, Italy, Cyprus, Israel, Egypt, Jordan and Palestine held their first annual ''East Mediterranean Gas Forum'' on January 14 and 15 in the Egyptian capital of Cairo. Greece was represented by its energy minister George Stathakis...

First Greek-Palestinian Ministerial Meetings Held in Athens

The first-ever joint Greece-Palestine ministerial committee held its first meeting on Tuesday in Athens. The committee's work was aimed at strengthening cooperation between the two countries, especially in the areas of energy, culture and the economy, with particular emphasis being...

Expansion of Balkans' Only Liquefied Natural Gas Terminal in Attica

Greece officially opened the third tank for Liquefied Natural Gas (LNG) on the small island of Revithousa, off of the coast of Athens, on Thursday. George Stathakis, Greek Environment and Energy Minister, spoke at the opening ceremony for the project, saying it was...

EU Approves Greece-Bulgaria Gas Pipeline

The European Commission has made a decision regarding the Greece-Bulgaria Interconnector (IGB) gas pipeline, finding that the plans for its construction and operation were compatible with EU rules on state subsidies. Greek Environment and Energy Minister George Stathakis welcomed the...

Oil Exploration: Agreement Signed for Greece's Kyparissia and Crete

Officials signed an initial agreement awarding private companies the exploration and development rights for hydrocarbons in sea blocks off the island of Crete and Kyparissia region in Peloponnese's Messinia. Greece's Energy and Environment Minister George Stathakis signed the deal with the...

Demolition of Illegal Buildings in Attica Begins

The first round of demolition of illegally erected buildings on the Athens-Sounio coast began on Wednesday, Environment and Energy Minister George Stathakis revealed in a press release issued on Thursday. "The government's intention to push ahead with accelerating the demolition...

Greece's New Cabinet Members Sworn In (photos)

The new members of the Greek government were sworn in on Wednesday afternoon, in a ceremony held in the presence of President Prokopis Pavlopoulos and Prime Minister Alexis Tsipras. On Tuesday, Tsipras reshuffled his cabinet ahead of a keynote economy...

Greece's Tsipras Announces Limited Cabinet Reshuffle

Greece's premier Alexis Tsipras announced a reshuffle of his government in an effort to reverse the tide as his SYRIZA party lags well behind conservative New Democracy in opinion polls. The reshuffle included 13 new faces, but there were no...