Greek News
Cyprus
Excavations for Greek Military Airmen, Shot Down by Friendly Fire in 1974
Excavations to locate the remains of 19 Greek airmen, killed when their aircraft was shot down by friendly fire during the 1974 Turkish invasion of Cyprus, began on Monday at the site where the NORATLAS crashed.
The aircraft was part...
Economy
Fifty Communist and Labor Parties Sign KKE Solidarity Campaign
Fifty communist, labor parties and organizations across the globe have joined an international campaign in solidarity with the Greek Communist Party (KKE) and its struggle, according to an announcement.
The campaign was launched last week by five leftist parties - the Algerian Party...
Economy
German Media: SYRIZA Members Worked on Drachma 'Coup' Since May 2014
Greece's former Energy and Finance Ministers worked secretly on schemes to return to the drachma, according to two German media.
Spiegel Online featured an article about the reactions of Greek opposition parties to the alleged scheme by former Finance Minister...
Economy
Greek PM Tsipras Calls for Emergency SYRIZA Convention
Greek Prime Minister Alexis Tsipras addressed the SYRIZA Political Secretariat on Monday afternoon and asked for an emergency party convention as soon as possible.
In a speech that called for the protection of the party's unity, Tsipras recognized that there are divisions within the...
Greece
Greek Long Distance Swimmer Gianniotis Finishes Third in World Aquatics Championships
Spyros Gianniotis won the bronze medal in the 10 kilometer open water race in the 2015 FINA World Aquatics Championships in Kazan, Russia.
Gainniotis, who hails from the Greek island of Corfu, swam the race in 1 hour, 50 minutes and 00.8...
Economy
Varoufakis: 'Greece Will Never Get the New Loan'
Former Greek Finance Minister Yanis Varoufakis claimed that Greece will never get the new bailout loan and that Prime Minister Alexis Tsipras offered him another Ministry after he resigned.
Varoufakis spoke to the Official Monetary and Financial Institutions Forum (OMFIF) on July...
Economy
Tax Evasion on Greek Islands Exceeds 50%
Sweeping tax audits are in progress on Greek islands since last weekend and the first results show high tax evasion rates. The highest rates were recorded in hotels, restaurants and bars, where they did not issue receipts.
It was reported that during 63...
Environment
New Heat Wave in Greece This Week
With mercury expected to flirt with extremely high temperatures, there is no respite expected from the sizzling Greek heat until the end of the week.
According to Greek meteorologists, temperature will reach 39C on Tuesday in Serres, Thessaly and central Greece,...
Economy
Moody's: Uninsured Depositors Compromised by Greece's New Legislation
Ratings agency Moody’s said on Monday that uninsured depositors in Greek banks are in danger of losing some of their money in case of a bank’s insolvency.
Moody’s noted that the changes in the EU Bank Recovery and Resolution Directive, which was legislated in...
Economy
Greek Bank Deposits Drop by 8 Billion Euros in June
Bank deposits in Greece fell to 127.5 billion euros in June, whereas in May 2015 they amounted to 135.7 billion, according to data released by the European Central Bank (ECB).
Furthermore, Reuters noted that this is the lowest level in...
Economy
Capital Controls Will Plague Greek Banks for Months
The capital controls imposed on Greek banks three weeks ago may be in place for months until the country’s European partners provide fresh money to the banks. According to Reuters, the rehabilitation process for Greek banks could continue for months.
"Rehabilitating...
Economy
Creditors May Ask for More Prior Actions As Negotiations Begin in Athens
Greece's negotiations with creditors on the third bailout package will start on Tuesday in Athens with the European Union seemingly ready to ask for more prior actions before any disbursement of funds.
The Greek government denies there will be any...
Europe
Russians Get to Know Thessaloniki Through the Eyes of a Dog
A television show in Russia decided to film around the northern Greek city of Thessaloniki, tracking a significant and rare dog breed, the Greek tracker dog. At the same time, while exploring the hidden charms of this particular breed, the...
Economy
Varoufakis Admits Plan B Involving Hacking
After former Greek Finance Minister Yanis Varoufakis repeatedly denied publications about his alleged Plan B involving hijacking of Greek tax payers’ identification numbers and hacking into the Ministry's database, he eventually admitted that he had created a plan for a...
Economy
ECB Rejects Greek Request to Reopen Athens Stock Exchange
The European Central Bank (ECB) did not accept the request of the Bank of Greece (BoG) and the Capital Market Commission for reopening the Athens Stock Exchange without restrictions for Greek investors, who will not be able to use existing deposit...