Greek News
Economy
'Regretfully, We Are Bankrupt'… Again; Debt And Default in Greece
Greece is the birthplace of dialogue, democracy, philosophy, arts and the first radical leftist government in Europe. During the last few years, and due to its deep dive into a financial turmoil, the country has been constantly hosted in numerous international...
Business
Greek Trade Deficit Down 11.6% Between January and May
Greek trade deficit shrank by 24.2% in May as imports fell drastically during the month, pushing it 11.6% lower in the January-May period, the Hellenic Statistical Authority (ELSTAT) said on Wednesday.
ELSTAT noted that the value of import-arrivals totaled 3.583 billion euros in May,...
Culture
The Greek Americans of Mattituck, Long Island: Part 1
“The Libraries of the Town of Southold are excited to present a series of community conversations in honor of the Town’s 375th Anniversary. One Sunday each month from April to November, Sunday Story conversations will shine the spotlight on...
Economy
Tourism Businesses Warn Greek PM Tsipras of No Deal Consequences
With the economy slowing down as the imposed capital controls are now well into the second week, Greece’s most profitable industry, tourism, could be at risk.
According to the Associated Press, five associations sent a letter to Greek Prime Minister Alexis Tsipras warning...
Greece
Podemos: 'To Defend the Greeks Is to Defend Europe's Dignity'
Spanish Podemos party leader and MEP Pablo Iglesias said in his address to the European Parliament on Wednesday that "times change" and called on Socialists to change tactics.
"Europe is not destroyed because there are citizens that say in a...
Greece
Greek Opposition Leaders Warn Tsipras
The common front that was created during Monday’s political leaders’ summit has been followed by criticism towards Greek Prime Minister Alexis Tsipras by his opposition and has become a source of frustration with the prime minister for Greece’s political leaders
After Tuesday’s...
Economy
European Commission Leaders React in Frustration to Tsipras' Rejoinder
Greek Prime Minister Alexis Tsipras took the podium again after European lawmakers commented on his speech to the European Parliament.
Tsipras said in his rejoinder that the discussion is about the Eurozone's future. The confrontations only had political content...
Economy
EU Experts to Review Greek Loan Request
Greece’s request for a loan from the European Stability Mechanism (ESM) is currently being reviewed by Eurozone technical experts in the Euro Working Group, according to Reuters. However, it was announced that there will not be a conference between...
Australia
Greek-Australian Businessman Helps Greek Pensioner in Need
A photograph picturing an elderly Greek man crying because he was not able to withdraw his pension after the imposition of capital controls has made news headlines last week, showing the world the situation that exists in the country. The photograph...
Economy
Swiss pilots Carry $11k in Cash Box to Cover Airline Costs in Crisis-hit Greece
As Greece negotiates a potential bailout, Swiss airline Edelweiss is taking extra precautions when flying to the crisis-hit nation. Pilots have been told to carry more than $11,000 to cover costs, as the nation is largely operating on a...
Economy
Numerous Greeks Applying for Passports
Several wealthy Greek families in the northern and southern suburbs of Athens started preparing to leave the country, as soon as the capital controls were imposed.
Over the last few days, the passport issuing offices of the Greek police have...
Europe
Greek Scientist’s ‘Walk-Man’ in Major Robotics Competition
23 robot systems and software teams from the US, Japan, South Korea, Germany and Italy took part in the "Robotics Challenge" held at Fairplex in Pomona, California, from June 5 to 6.
The DRC finals, organized by the Defense Advanced Research Projects...
Economy
Russia Unlikely to Help Greece
Greece’s close relationship with Russia, or at least its portrayed close relationship, is not likely to earn the crisis-stricken country special treatment anytime soon.
On Tuesday, Andrey Kostin, President and Chairman of the Management Board of the second largest Russian Bank, VTB, said...
entertainment
Greek Composer Yanni To Wow Audiences in UAE
Legendary Greek composer Yanni, with over 500 million people in over 140 countries across the globe having witnessed his unique live performances, has set a new date with his admirers, this time in the United Arab Emirates.
His powerful instrumental...
Economy
Greece Makes Formal Request to ESM for Third Bailout Program
The Greek government made a formal request to the European Stability Mechanism asking for a bailout program to help pay its debts and bring its crisis-stricken economy back from the road to bankruptcy.
The European Stability Mechanism, Europe's financial rescue...