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Greek Government Attributes Bank Shares Sell-off to 'Speculative Pressures'

The Greek government attributed Wednesday's bank share massive sell-off and the sharp drop of the general index in the Athens Stock Exchange to "speculative pressures". Prime Minister Alexis Tsipras called an emergency meeting with competent ministers and officials to discuss...

Turkey Puts 11 Radar Stations to Monitor Activity in the Aegean

Turkey is establishing 11 radar stations across its coastline in order to monitor all activity in the Aegean with the aim to curb illegal activities, Hurriyet Daily News says. Officially, the goal is to stop illegal activity in the Aegean,...

Greek State Debt to Private Sector Exceeds €3 Bln

With €306 million added in August, Greek State debt to private companies and individuals reached €3,036 billion, from €2,73 billion at the end of July. From the €3,036 billion, €1,974 billion are debts of government organizations and agencies to businesses doing...

Maria Menounos Arrives in Greece for Traditional, Orthodox Wedding (video)

Maria Menounos arrived in Athens on Wednesday for her second wedding to Keven Undergaro that has been planned by her father. The famous TV presenter who got married on live TV at New York's Times Square on the 1st of...

Giannis Antetokounmpo Voted Best International Player in NBA

NBA's decision-makers voted Giannis Antetokounmpo the best international player in the league for the second year running. In the 17th annual NBA.com GM Survey, the Greek Freak got 73 percent of the votes, compared to 69 percent last year. A...

6th Petit Paris d'Athenes Kicks Off on Thursday

The 6th Petit Paris d'Athenes will start on Thursday with music, art and photo exhibitions, theater and variety shows, street events and street art, lectures, "tables rondes" and "rendez-vous sociaux", walking tours, educational programs, and games. Organizers promise a ten-day...

Kalymnos Climbing Festival Kicks off on Friday

A large number of climbers from all over the world will participate in the Climbing Festival of Kalymnos that will take place on the Aegean island on October 5, 6 and 7. This year's program includes presentations, climbing lessons, deep...

Goldman Sachs: Greek Banks have Limited Ability to Withstand Shocks

Greek banks have a limited ability to withstand external or internal shocks, a Goldman Sachs report says. According to Capital.gr website, Goldman Sachs representatives were in Athens and had contacts with bank executives and policy makers in order to assess...

Teachers Union Rejects Donation to Schools, Opposition Chief Slams Decision

The Magnesia Association of Secondary State School Teachers (ELME) rejected a Bodossakis Foundation donation to supply all high school science labs in the prefecture. The teacher unionists called the donation "an effort to commodificate education" and in a statement they...

Athens Stock Exchange Plummets Following Massive Bank Shares Sell-off

Scenarios of a new bank recapitalization and the Italian crisis triggered a massive bank share sell-off that dragged the Athens Stock Exchange to a plunge on Wednesday. The Athens bourse plummeted for the third consecutive day with some financial analysts...

The 2 Greeks Who Conquered The Himalayas

Manaslu is the eighth highest mountain in the world. Its peak sits at 8,163 meters (26,781 ft) above the sea level and is considered one of the most difficult mountains to climb, mainly due to harsh weather conditions that...

Five Migrants Dead, Two Missing in Greece's Evros

Turkish rescue teams discovered the bodies of five migrants near the banks of river Evros, where they tried to cross the border into Greece. According to local news site e-evros.gr, they were part of a group of 11 who attempted to...

Piraeus Bank Initiative Offers Young People Access to Job Market

In a press release issued by Greece's the largest bank, Piraeus Bank, the company announces the launch of an initiative that will help young people to find a place in the job market of Greece. The bank launched a new innovative...

Russia Hints it May Block Greece-FYROM Deal at the UN

Russia is implicitly threatening that it may block the Prespa agreement at the UN Security Council. In a statement on Monday, following the referendum in FYROM, the Russian foreign ministry says that the low turnout "means that the referendum cannot...

Greek Canadians Launch Drink Made with Greece’s Mountain Tea

The three Greek Canadians who launched ΤΣΑΙ (Tsai), the carbonated Greek mountain tea beverage, have childhood experiences of their parents giving them the traditional mountain tea as medicine when they were ill. Growing up in Canada, James Roumeliotis, Manny Favas...