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Greece

Athens' Real-Estate 70 Percent off Fair Market Value

  Old apartments in Athens are sold at lower prices than their fair market value. In fact, they are sold even 70 percent lower than their fair market value. This is happening due to the constantly increasing “gap” between the...

Greek Pension Fund Reserves for 2015, are About to Collapse

According to a study of  GSEE's Labor Institute, it has been made crystal clear that the Greek State must find alternative financial resources in order to be able to carry on the subsidy of the pension scheme within the...

Ministry of Finance Announces March 4th Debt Collection Deadline

Liability dues totaling 5.8 million Euros are owed by citizens living abroad with real estate property on fair market value territory of 283.8 million Euros. This resulted from cross-examinations made by the General Secretariat of Information Systems of the...

The Greek Orphans of 1821 Revolution and How They Ended Up in the US

The fate of Greek orphans of the 1821 Revolution in the US is but a footnote in the history of the glorious uprising against the Turks. Nonetheless, it is definitely a fascinating one. What happened to some children who lost...

Aristotle Onassis: Greece’s Larger Than Life Tycoon

Aristotle Onassis was one of the most famous Greeks in the entire world in the 20th century, a visionary and one of the richest men

China Honors Greece at 18th International Beverages Expo

China will honor Greece in April at its 18th China International Beverages Expo (CIIE) held in the city of Luzhou. It will be the second time they have done so, the first being in 2019. Greece is a comprehensive strategic...

Greece, France Cement Common Front Against Turkey's Aggression

Greek Prime Minister Kyriakos Mitsotakis and French President Emmanuel Macron said they were in "complete agreement" regarding the direction to take in response to Turkey's repeated incursions and infractions in the Eastern Mediterranean, according to government sources in Athens. The...

Risk of New Lockdown as Mask-Wearing Cretans Are a Rare Sight

By Benjamin Newton Wylie-Black As many will be aware, areas of Greece have undergone and are undergoing local restrictions in an attempt to flatten the curve of new Covid-19 cases and, while I cannot speak about other areas in Greece,...

PM Tsipras' Pre-Election Handouts Alarm Greece's Creditors

Greek Prime Minister Alexis Tsipras is slated to give out one billion euros in various types of handouts as the crucial European and local elections loom ahead, a move which has alarmed the country's creditors. European Stability Mechanism President Klaus...

Crisis in Turkey Starts to Affect Greek Economy

The Greek economy has started feeling the impact of the crisis in neighboring Turkey, as the Athens Stock Exchange showed a 3 percent plunge on Monday while Greek bond yields moved in the opposite direction. As Greece is getting ready...

Greece has to Implement 82 Prerequisites for Successful Bailout Review

Greece has to implement 82 "difficult" prerequisites in order to successfully complete the third and fourth review of the bailout program, a Kathimerini newspaper report says. The Supplemental Memorandum of Understanding, and the technical memorandum accompanying it, has specified in...

Former Greek PM Papandreou to Receive 2017 Distinguished Leadership Award

Former Prime Minister George Papandreou (2009-2011), still a controversial political figure in Greece, will be honored with the International Leadership Association (ILA) Distinguished Leadership Award. The award ceremony is scheduled on October 13 in Brussels, Belgium at ILA's global...

Real Estate in Athens Sold at Ridiculous Prices Due to Crisis

Real estate prices in the general Athens area have plunged so low that in some cases houses are sold at one tenth of their market price, according to data posted in the General Secretariat of Information Systems. In the first...

Greek Honey Exports to China; Great Growth Potential

"Greece, despite domestic perceptions, is the 34th exporter of honey worldwide, with a market share of 0.34 pct of total value of exports in 2014, and a total export value of 7.47 million US dollars, less than Portugal (9.49...

Tsipras Demands Specific Measures to Make Debt Sustainable

Prime Minister Alexis Tsipras sent a message to Greece's creditors via a newspaper interview with Real News published on Sunday. He said that Greece demands and expects that they take steps to make the country's debt sustainable, with lower primary...