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Greece

Greece to Use Lignite Again as Fuel Alternative Due to Energy Crisis

Greece is planning to ramp up the use of lignite as an alternative power source to natural gas, which has become extremely expensive in the wake of the war in Ukraine. Lignite, or brown coal, is formed from naturally compressed...

Greece Announces Economic Support During Energy Crisis

Greek Prime Minister Kyriakos Mitsotakis announced an economic aid package for Greeks during the energy crisis on Wednesday as people are struggling to keep up with rapidly increasing costs. The total package amounts to 1.1 billion euros to be distributed...

Could EU Energy Price Hikes Lead to a Global Energy Crisis?

Gas and other energy prices have spiked in Greece, Europe and globally in the past two weeks. Experts have been researching whether this could lead to a new global energy crisis, like the one in the 1970s. Analysts believe gas...

Former EU Chief Juncker Blames Merkel On Handling of Greek Crisis

Former European Commission chief Jean-Claude Juncker criticized outgoing German Chancellor Angela Merkel’s handling the Greek debt crisis in 2015 on Thursday, saying that her “hesitations” and “reluctance” undermined efforts to deal with the situation. “I think her biggest failure was...

Major Foreign Investments Expected to Help Greece Rebound from Covid-19 Crisis

While economies across the world have all been hit hard by the coronavirus pandemic, new foreign investments in Greece are expected to help the country bounce back, promising much-needed growth in 2021. The Greek economy is estimated to shrink by...

Greek Health System at Crisis Point as Covid Patients Fill ICU's

Greece’s spike in intubated patients suffering from the coronavirus has led to a strain on the country’s public health system. As of Sunday, out of a total of 1,063 ICU beds throughout the country, only 329 are still available...

Greek Airbnb Rentals Shift Business Model to Defy Covid Crisis

Short-term property rentals in Greece, already affected by market saturation and competition from new and cheaper nearby markets in 2019, saw their bookings devastated in the first half of 2020 as Covid-19 made its impact. However, looking at the results...

US, EU Pile Pressure on Erdogan to De-Escalate Crisis with Greece, Cyprus

The tension generated by Turkey in the Eastern Mediterranean in recent months has subsided as Ankara is feeling pressure from the EU and the United States to deescalate and proceed to talks with Greece. On Wednesday, Turkish President Recep Tayyip...

PM Mitsotakis and German Chancellor Merkel Discuss Turkey, Migrant Crisis on Tuesday

Recent tensions between Turkey and Greece, along with migrant and refugee-related issues after the fires that destroyed Moria last week, were reportedly the topics of discussion in a Tuesday phone call between Greek Prime Minister Kyriakos Mitsotakis and Angela...

Europe's Hypocrisy Over the Migrant Crisis in Greece

The fire that devastated the Moria refugee and migrant camp generated lots of crocodile tears in the EU, yet the grave problem of 13,000 people crowded into a facility created for 3,000 to 4,500 still remains -- just as...

President Trump Calls Greek PM on Crisis in the East Med

US President Donald Trump called Prime Minister Kyriakos Mitsotakis on Wednesday evening to discuss the latest developments in the Southeastern Mediterranean, the Greek PM's office announced. According to a press advisory, Mitsotakis thanked Trump for his interest and for the...

Does a Spoon Constitute a Spiritual and Ecclesiastical Crisis?

By Archon Elias Damianakis* Have we lost our minds or simply succumbed to the idolatry of sentimentalism? “I’m an old woman; all I had was going to the church,” said Dimitra, a 79-year-old in Greece, “But I’m afraid.” Have we lost our...

Six Out of Ten Greek Businesses in Liquidity Crisis After Lockdown

Six out of 10 businesses face liquidity issues, with only enough cash reserves to continue operating for less than six months -- while three in ten have zero cash reserves and only 15 percent sufficient liquidity to last more...

Greece Boosts Forces at Evros as it Braces For New Migrant Crisis

Greece ordered approximately 400 police officers from different parts of the country to deploy along the border with Turkey at the Evros River as it braces for a new wave of migrants attempting to storm into Europe. Speaking to a...

April 23, 2010: Ten Years Since the Official Beginning of the Greek Financial Crisis

It was a day much like this on April 23, 2010, when the then-Prime Minister of Greece George Papandreou announced from picturesque Castellorizo Island that Greece would officially ask for financial assistance from its fellow Eurozone member-states as the...