Greek News
Economy
Germany Reacts to Greece ’s Referendum
Germany’s Chancellor Angela Merkel’s Christian Democrats (CDU) and their coalition partners, the Social Democrats (SPD) are highly critical of Greek Prime Minister Alexis Tsipras and his finance minister, Yanis Varoufakis, for their decision to turn down an “extraordinarily generous”...
Greece
Greeks Live Under Constant Fear of Being Laid-Off
Thousands of Greek private sector employees live under constant fear of being laid-off, according to the quarterly survey conducted by Randstand Hellas’ Workmonitor which reflects the labor market trends in the country.
Specifically, Greek employees appear less optimistic during the...
Greece
Hollande: Greek Vote is For Greece to Stay or Leave the Eurozone
French President Francois Hollande said Monday that the referendum on EU's bailout proposals to be held in Greece on July 5th is a "sovereign choice" on whether or not to leave the euro zone.
"It is democracy, it is the...
Greece
'Tsatsiki, Dad and the Olive War': A Swedish Blockbuster Shot in Crete
"Tsatsiki, Dad and the Olive War” is the third installment in a series of films by Swedish director Ella Lemhagen, based on Moni Nilsson's highly successful book series. The film, which will be released in cinema theaters worldwide, was filmed almost...
Economy
Opposition Leader Samaras Urges Greeks to Stay Calm
Main opposition New Democracy leader Antonis Samaras on Sunday urged the Greek people to stay calm and united, in a statement after Greek Prime Minister Alexis Tsipras announced that capital controls would be imposed.
At the same time, he called...
Economy
Tourists Unaffected by Capital Controls in Greece
The capital controls imposed by the Greek government do not apply to tourists and visitors who wish to make transactions or ATM withdrawals using debit or credit cards issued in their country, says an official announcement by the Greek...
Greece
Greece Shakes Stock Markets
Markets suffered across Asia on Monday as Greece shut down its banks for a week and implemented capital controls. Only in the first hour of Monday, more than $35bn was wiped off the Australian stock market.
With many international media reporting that Greece...
Education
Panhellenic Exams Top Students Opt to Stay in Greece
Dimitris Dimitrakopoulos, Ioanna Faka and Andrianna Balatsouka are three of the Greek students who aced the Panhellenic exams, scoring higher than 19,000 points. The three students spoke with protothema.gr stating that “our generation needs and has to do something...
Greece
Yanis Varoufakis' Historic Speech at the Last Eurogroup: As It Happened
Greece's Finance Minister Yanis Varoufakis chronicles the dramatic events that took place during the last Eurogroup meeting, right before his counterparts decided to meet again - but without him.
Since twitter and facebook have been abuzz with speculation about Greece's...
Greece
Euro Nightmare Unfolds in Greece as ECB Punishes Greeks Ahead of Referendum
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By Panicos O. Demetriades, University of Leicester
As ECB froze the level of emergency liquidity assistance (ELA) it is providing to Greek banks, the nightmare scenario for Greece is already beginning to unfold. Capital controls are on the way, with all the...
Greece
Tsipras' Dramatic Call to Europe: "Restore the ELA to Greek Banks"
Greek Prime Minister Alexis Tsipras made a dramatic call to Europe to increase its Emergency Liquidity Assistance (ELA) to Greek Banks, in order for Greece not to turn to chaos.
The European Central Bank (ECB) did not kept the financial...
Greek News
Security Message for U.S. Citizens: Banking Disruptions in Greece
The US Embassy in Athens issued the following statement after the implementation of capital controls in Greece.
The State Department alerts U.S. citizens residing in or traveling to Greece of the possibility of disruptions to banking services – including...
Greece
Creditors Offer Account of Latest Negotiations with Greece
The European Commission offered a statement on the final hours before the negotiations with Greece and its creditors broke up. According to the statement a "comprehensive deal could be formally finalized and presented to the Eurogroup due to the...
Economy
Merkel Calls German Party Leaders Meeting On Greece
As Athens’ standoff with the European Commission, the International Monetary Fund, and the European Central Bank is taken to a dangerous new level, German Chancellor Angela Merkel has reportedly invited leaders of Germany's major parties to a meeting in Berlin on...
Economy
IMF Chief: 'No Aid For Greece, If 30 June Payment Missed'
International Monetary Fund Managing Director Christine Lagarde said in an interview with BBC on Sunday that her institution will not step forward to provide additional financial assistance to Greece, if the Greek government miss its €1.5 billion ($1.7 billion) payment on...