Greek News
Economy
'I Will Not Vote for VAT Increase in the Greek islands', Warns Defense Minister
Greek Defense Minister Panos Kammenos warned the government that he will not support an increase on value added tax in the islands.
The leader of Independent Greeks (ANEL), junior coalition partner in the SYRIZA-led government, said that he is prepared...
Economy
Greece Sends New Proposal Ahead of Emergency Euro Summit
The Greek government sent its new proposal to the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF) around 1:00 am on Monday.
The European Commission chief of staff Martin Selmayr confirmed that the new, improved...
Cyprus
Grexit – Critical Times for Greece
Yesterday, supporters of Greece against IMF EU-Troika’s economic blackmailing tactics to break down the Greek spirit brought thousands of people out into the streets. It was a great success attracting masses of people of all nationalities to flood squares...
Greece
Greek Islands Can't Handle Mass Migrant Influx
The situation in several islands of the Aegean Sea is out of control as hundreds of refugees and irregular migrants arrive daily from the coasts of Turkey, creating grave problems to local communities.
Refugees from war-torn Syria and irregular migrants...
Economy
Italian PM and French President Optimistic Over an Agreement Between Greece and its Creditors
Italian Prime Minister Matteo Renzi and French President Francois Hollande on Sunday, during a press conference given after their meeting in the international exhibition in Milan, expressed their optimism that a solution between Greece and its creditors will be...
Economy
Main Opposition Leader Samaras Proposes National Consensus
Greece's stay in the eurozone is non negotiable, main opposition New Democracy (ND) leader Antonis Samaras said in an interview with Sunday's Kathimerini newspaper. "Greece's exit from the eurozone," he said "it would have serious repercussions."
Samaras also stressed the...
Economy
Tsipras Calls Merkel, Hollande, Juncker to Present Mutually Beneficial Proposal
Prime Minister Alexis Tsipras on Sunday had phone contact with German Chancellor Angela Merkel, French President Francois Hollande, and European Commission President Jean-Claude Juncker to present a proposal for a mutually beneficial agreement.
Tsipras told the top European officials that...
Economy
U.S. Treasury Sec: Greece Must Make Tough Decisions to Reach Deal
The Greek government must make tough fiscal decisions to reach an agreement with international creditors, or it risks catastrophic consequences for its economy and people, U.S. Treasury Secretary Jack Lew said in an interview released on Saturday.
"I think we’re...
Economy
Greek Alternate Admin Restructuring Min Katrougalos Sees Deal Next Week
An agreement will be reached next week, Alternate Interior and Administrative Restructuring Minister George Katrougalos said in an interview with French radio Europe1 on Sunday.
He underlined that austerity does not concern only Greece, but all Europe and added: "Greece...
entertainment
Robbie Williams in Athens: Hold Tight Greece! [video]
"Hold tight, Greece!" was the political message British singer Robbie Williams sent to 30,000 Greek fans in his first ever appearance in the country.
The multi-platinum entertainer's show in Greece took place at the Terra Vibe open air site in...
Cyprus
IMF Approves €278.4 Million Disbursement to Cyprus
The International Monetary Fund (IMF) said that economic and fiscal outcomes in Cyprus have been better than expected, and approved the disbursement of 278.4 million euros of financial aid.
It also said that the high level of non-performing loans remains...
Economy
Greek Taxpayers' Overdue Debt Grows to €77.87 Bln in May
Taxpayer overdue debt to the Greek State grew by another 1 billion euros in May for a total of 5.234 billion so far this year, official figures showed.
A report by the General Secretariat of Public Revenue said that total...
Economy
European Citizens Show Support to Greece with Rallies in Major Cities
Demonstrations supporting Greece in this difficult period took place in Berlin, Rome and Paris on Saturday, coinciding with Refugee Day.
In Berlin, Blockupy and German opposition leftist parties Die Linke and Die Grünen organized a large protest against austerity in Greece and...
Economy
Two Opposing Rallies in Athens, Essentially For and Against Europe
In the past week, two separate demonstration rallies took place in front of the Greek Parliament in Athens, showing once again the polarization of Greek people in such a critical time for the Greek economy and society in general.
It...
Greece
Petrounias Wins First Gold for Greece in European Games
Gymnast Lefteris Petrounias was the first Greek to win a gold medal in the inaugural European Games in Baku, Azerbaijan, by placing first in the men's rings on Saturday.
The 24-year-old world champion managed to edge out Russia's Nikita Ignatyev, who was...