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Greek News

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”...

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...

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...

'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...

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...

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 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...

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...

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...

Euro Nightmare Unfolds in Greece as ECB Punishes Greeks Ahead of Referendum

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...

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...

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...

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...

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...

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...