Greek News

The European Central Bank (ECB) approved on Tuesday a modified plan, submitted by the Greek government, to reopen the Athens Stock Exchange (ASE), a month after it was shut down due to capital controls. The ECB's final recommendation is that transactions by foreign investors will...

On Tuesday, the German "wisemen," five independent economic advisers, argued in favor of creating a mechanism that would allow Eurozone countries to go bankrupt, Reuters reported. "To ensure the cohesion of the monetary union, we have to recognize that voters...

Nobel Prize winning economist Paul Krugman questioned the surprised reaction many have had to reports that the Greek Finance Ministry was considering an alternative plan for the country's economy. "I mean, really: it would have been shocking if there weren’t contingency plans. Preparing...

Greek main opposition New Democracy officials accused former Finance Minister Yanis Varoufakis of hijacking personal data and wondered why the Hellenic Data Protection Authority has not yet intervened. After a meeting of the New Democracy Youth Organization (ONNED), with the participation...

Former Thessaloniki Mayor Vasilis Papageorgopoulos was released from prison on Monday after serving twenty nine months of his twelve year prison sentence. Papageorgopoulos had been found guilty of embezzling money from the city of Thessaloniki during his tenure and had been sentenced...

Legendary yacht Venus anchored off the coast of Samos and has became an attraction for locals and tourists. The luxurious yacht arrived on the Greek island on Saturday morning, July 25. Venus is a yacht designed by Philippe Starck's design company Ubik...

A screening of the Greek documentary "Agora" by director Yorgos Avgeropoulos has been scheduled to take place in Canberra, Australia, on Sunday, August 2, at 4:00 pm, at the Aegean Room of the Hellenic Club Woden. Avgeropoulos’ "Agora" documents the evolution...

Representatives from the European Central Bank (ECB), the European Commission, the International Monetary Fund (IMF) and the European Stability Mechanism ESM) have arrived in Athens, Greece, in order to restart negotiations regarding the country’s much needed third bailout program. Shortly...

Greek-Australian singer Peter Andre and his wife Emily MacDonagh are enjoying their honeymoon in Greece. The famous 42-year-old singer and his 25-year-old bride were spotted relaxing under the sunshine on a Greek island, while celebrating their recent marriage. The couple...

Under normal circumstances, media across the globe would be reporting about the start of talks between Greece and its international creditors regarding the third bailout package. However, Yanis Varoufakis’ scandal is dominating the field. It was revealed on Sunday, that the former Greek...

If Greek hotels managed to raise their online presence to the same level as the Mediterranean average for Europe, national income from tourism could increase by an estimated 1-2 billion euros a year, according to a National Bank of...

The International Monetary Fund's targets and expectations from privatizations in Greece are unrealistically high, Austrian Federal Railways (OBB) head Christian Kern said in an interview to local monthly magazine Trend, published on Monday. Taking the Greek railway's privatization plan as an example, Kern...

A 4.0-magnitude earthquake has been registered in northern Greece, close to the border with Bulgaria, the European-Mediterranean Seismological Center announced. The tremor was registered at 1:03 am UTC on Tuesday. The quake's epicenter was 27 km NE of Drama, Greece, 40 km SW of...

Greek Deputy Citizen Protection Minister Yiannis Panousis said that the secret plans former Finance Minister Yanis Varoufakis had to return Greece to the drachma "undermine democracy" and that Prime Minister Alexis Tsipras will hardly contain the extremist dissidents within his...

A Greek restaurant owner in Berlin, Germany, launched a limited edition menu based on the Greek crisis. Georgios Chrissidi, owner of Restaurant Z, came up with the ingenious idea that will help lighten the spirit of people in the...