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Greek News

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...

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...

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...

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...

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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...

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...