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Greece's Last Attempt to Reach Agreement with Creditors

The Greek Prime Minister Alexis Tsipras’ personal envoys arrived in Brussels on Saturday morning in order to attempt to bridge the difference between Greece and its creditors. Greek Deputy Prime Minister Yiannis Dragasakis, State Minister Nikos Pappas and Deputy Minister...

Mini Tax Bill to Be Tabled in Greek Parliament on June 16

A mini tax draft bill submitted by the Greece's Finance Ministry will be tabled at the Parliament plenum for approval on Tuesday, June 16, in a fast track procedure, a move that was widely criticized by the opposition. Apart from the...

Greek Opposition 'To Potami' Urges Tsipras to Make 'Honorable Compromise'

Greek opposition "To Potami" called on Prime Minister Alexis Tsipras to make an "honorable compromise" and reach an agreement with creditors. "Mr. Tsipras will either make a bold move forward or stand still and be swept away by the tide of developments....

Greek Sports Minister: Athens Olympic Games Were a Catastrophe for the Greek Economy

Greek Sports Minister Stavros Kontonis characterized the Athens Olympic Games "a bad example" in an interview to the Athens-Macedonian News Agency on the occasion of the European Championships in Baku, Azerbaijan. Kontonis said that the way the Olympic Games were organized and the...

Dilemma: Citizenship Equality

There is a positive move in the air between Mustafa Akinci and Nicos Anastasiades but one has to wait and see what happens next. What is for certain however, under the present climate, Cyprus is to become a two...

Six Charts Show How the Greek Economy Plunged in Six Months

A Bloomberg report used six charts to show how the Greek economy went back into recession in the six months between the call for presidential elections in December 2014 and today. According to the report, the New Democracy/PASOK coalition had...

A Greek Summer Music Festival for Every Taste

Greece has always been associated with summer, amazing beaches and crystal clear waters. Still, many people opt to travel to other countries during the summer months in order to attend one of the numerous music festivals that take place across...

Greece's Acropolis Museum Celebrates Sixth Anniversary with Samothrace Antiquities

The Acropolis Museum in Athens, Greece, will celebrate its sixth anniversary on June 20 with the inauguration of its temporary exhibition "Samothrace. The mysteries of the great gods." The exhibition, a cooperation of the Acropolis Museum and the Antiquity Ephorates of...

S&P Downgrades Greek Banks

Standard & Poor’s has lowered its rating of Greece’s four largest banks. The Friday move came two days afterthe rating agency’s cutting its already deep-junk rating for Greek bonds. Alpha Bank, Eurobank, the National Bank of Greece and Piraeus Bank...

Former Greek Defense Ministry Official to Be Released From Custody After Remand Period Expires

Former Greek Defense Ministry official Antonis Kantas, who has admitted to accepting bribes while serving as deputy head of the Ministry's armed forces procurements department, is to be released from custody because the 18-month maximum period for holding a...

Skopje Challenges Athens by Blocking Greek Bank Capital Withdrawal

Skopje showed its true colors to Athens once more, after central bank head Dimitar Bogov announced on Friday that his country bans Greek bank owners with assets in FYROM to pull out their capital unless they offer their holdings for sale. Bogov revealed his...

Greek State Minister: Wherever the IMF Goes, Harsh Austerity Is Imposed

Greek Minister of State for Coordinating Government Operations Alekos Flambouraris left insinuations over the International Monetary Fund's stance and referred to "games on IMF's part" speaking to Greece's public broadcaster ERT on Friday. He also proposed the IMF's withdrawal from the negotiations and...

Greek Main Opposition Leader Makes New Appeal for 'National Understanding'

Greece's main opposition New Democracy leader Antonis Samaras made a new appeal to the government on Friday for a "national understanding" regarding the Greek crisis, stressing that "the games and lies are over... It is a time of responsibility for everyone." "We proposed...

Senior EU Officials Examine Greek Default Scenario For The First Time

As the current talks between the Greek government and institutions are still at a stalemate and uncertainty is diffused across Europe over Greece's ability to meet its end-June debt deadlines, senior European officials decided to extensively discuss a potential Greek bankruptcy for the...

Athens Stock Exchange Index Slipped 4.4 Percent

The Athens Stock Exchange Index slipped 4.4 percent on Friday and shares in Greek banks fell as much as 8.8 percent. Returns on Greek bonds crept upward to 25.439 percent. Europe's main stock markets were also down on Friday. Germany's...