Greek News

Unemployment in Greece dropped to 25.6% in April 2015, a slight improvement compared to the 25.8% rate in March. The number of unemployed Greek citizens amounted to 1,216,870, mainly young people (53.2%) and in the most productive age group...

"Greece seeks to reach an agreement with the institutions immediately, but we want an agreement that will respect the country and the people's dignity, and that will open windows for a way out of the crisis. We do not want...

Former Greek Finance Minister Yanis Varoufakis admitted that Germany appears to have a plan to force Greece outside the Eurozone, even though while he was in office he insisted that Grexit scenarios were a bluff to push the Greek...

Speaking on Thursday while in Sarajevo, Bosnia and Herzegovina, which she visited as part of the two-day tour to Albania, Bosnia and Serbia, German Chancellor Angela Merkel rejected the possibility of a Greek debt hair cut. "I have said that a classic debt...

While Greece is expected to submit its detailed proposals for a new bailout deal today, two European Central Bank officials are being cautious about the prospect of an agreement. Prior to the European Central Bank Governing Council decision on Wednesday to...

The National Hellenic Museum’s inaugural “Theatre on the Rooftop” series opens on Thursday, July 9, at 6 p.m. with a tour-de-force performance of “Helen’s Troy,” featuring Megan Wells as Helen of Troy, the “face that launched a thousand ships.” The...

The number of Greek luxury villas bought by Russians has doubled in 2015 compared to previous years, says a Bild report. As the Greek economy keeps sinking in recession and the recent capital controls have crippled tourism, the Greek government...

An elderly Greek-Cypriot decided to teach a lesson of generosity to Europe. According to Huffington Post, Onoufrios Michaelides took it upon himself to help his fellow pensioners in Greece, after watching Greeks line up outside banks to withdraw part...

Greece's finance minister Constantinos Karamanlis signs the agreement for the German debt write off Germany could show some good behavior and write off a part of greek debt like Greece did for Germany in 1953. Prime Minister Alexis Tsipras' speech...

More than 100 members of German Chancellor Angela Merkel’s political party are gathering signatures in an attempt to oppose their leader, in case she brings a third bailout program to Bundestag. According to the Times, there is an ongoing rebellion...

Government spokesman Gavriil Sakellaridis expressed his optimism on Thursday over an agreement with Greece's partners noting that the government does everything towards this direction. Speaking to private ANT1 TV, Sakellaridis said "We believe that we will have positive signs at...

At this crucial crossroads for the Greek economy and Greece, there are five currency options in case the country ends up leaving the common currency bloc, according to a CNBC analysis written by Kalyeena Makortoff. Keep the euro  Greece could unilaterally...

The Greek financial teams in Brussels and Athens are working feverishly to prepare the finalized Greek proposal to be tabled to the European Commission by 8:30 Friday morning. EC President Jean-Claude Juncker made it clear that the Greek proposal should...

As the Greek government has made a request to the European Stability Mechanism for a new bailout package, members of SYRIZA's "left platform" proclaim that they are against a "humiliating" deal that would include austerity measures, and some even...

Greek Prime Minster Alexis Tsipras met with the President of the Hellenic Republic, Prokopis Pavlopoulos on Wednesday evening, before speaking with "To Potami" leader Stavros Theodoakris. Tsipras confirmed to Pavlopoulos that Greece sent a request to the ESM for a bailout...